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Thursday, November 5, 2026

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AppLovin 3Q26 Business Update: No Notes

AppLovin’s Q3 revenue rose 55% year over year as AXON model gains expanded margins, while ad take-rate compression remains the key competitive risk.

APP $118B
Speedwell Research 3 clicks

From X

@aleabitoreddit

Serenity on X

Counterpoint on $MRVL / $LITE acqusition: - "Every buyer that competes with Marvell will want a second, independent laser source". They identify $SIVE / Scintil Photonics as new CW / ELS capacity, with names like $CRDO as potential partners of Sivers. - "With Lumentum sold out for years, the overflow goes to whoever has merchant capacity" Already said this before, but we'll likely see some incentive to diversify laser sourcing. Sivers was cited here, and comes online with 100M lasers / external foundry capacity (2:1 external/internal target). To demonstrate the sheer scale on that, $AAOI exit 2026 laser capacity target was roughly ~24M/year (but different blend). - "Module makers move upstream" was also another second order effect. $JBL as one example is now heavily competing with the combined Lumentum + Marvell.... There's other players like $SMTC that are explicitly doing M&A for expanding laser capacity. I don't think the overall AI valuation crash is representative of individual company strength in the optical sector. There's very compelling opportunities in the laser bottleneck in the upcoming year that I believe markets are mispricing.

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Trading Post November 5, 2026

MercadoLibre’s logistics expansion cut margins by 60 basis points, while Mercado Pago grew credit 62% with 7% NPLs.

MELI $77B
Cassandra Unchained 2 clicks

Intel: The CPU Comeback, Discounted

Intel's Q3 2026 results were hit by memory costs and an Israel shutdown, but enterprise AI inference could lift CPU demand as server…

INTC $287B
Monte Independent Investment Research 2 clicks

Problems at Twist Bioscience (TWST)

Twist Bioscience’s $200 rebound followed an Anthropic-linked short squeeze, yet its DNA and protein services face broad competition while…

TWST $8B
Hunterbrook 4 clicks

VSH Earnings Review

Vishay reported record Q3 revenue of $979 million, up 24%, and guided Q4 to about $990 million as rising backlog and margins contrast with…

VSH $3.6B
Cestrian Capital Research 3 clicks

Thursday Tailwinds #13: Nov 5, 2026

Florida marinas are 92% full as boat counts rise and permits constrain new supply, creating pricing power for existing operators such as…

SUI $14B
Trade Ideas Flow 6 clicks
CHWY · long

Chewy INC

Chewy (CHWY) is presented as a long opportunity after a prior 2022 short thesis played out.

CHWY $9.2B
Value Investors Club 5 clicks

New Ideas From The Road

Aurelion Research increased healthcare exposure and sees opportunities in banking and defense, alongside research on Alcoa, Nike, ONON and…

AA $10BNKE $60B
Aurelion Research 4 clicks

Oracle: The Party Is Almost Over

Oracle’s CDS spreads exceed 320 basis points as debt approaches $135 billion and fiscal 2027 capex targets $95 billion, amid heavy reliance…

ORCL $363B
David Desjardins 1 click

Site Centers (NYSE:SITC)

Site Centers' $3 per-share return-of-capital distribution and December delisting leave a discounted liquidation stub, with two properties…

CURB $3.6B
Real Assets, Real Value 4 clicks

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