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Wednesday, November 11, 2026

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Expert Call | Lumentum & Marvell Deal

Marvell’s all-stock acquisition of Lumentum targets optical supply, DSP synergies and AI data-center demand, while adding fab integration, customer-retention and regulatory risks.

LITE $59B
P Equity Research 2 clicks

From X

@BrokenMoats

Broken Moats on X

Interesting to see $V up 9 days in a row (nearly funtrun the Chinese announcement). While a positive, it will be years before it plays out (if China follows through down the line, and gets them in the same place AXP and MA already were + the domestic competition). But thats incremental and down the road at best the focus though should be the support the administration (trump recently, and JD wrote the bill when in congress) has thrown behind the CCCA as well as additional bipartisan sponsors that signed on in the past few weeks....that bill will open the rails to an additional network. Which would be a very big additional push towards stable coin based transactions (even greater push from agents commerce). Ultimately the power is shifting towards merchants that no longer want to be subjected to 3%+ interchange fees. If $V losses the CCCA and pandoras box on competition is opened their entire moat is at stake, similar to what is going on with $FICO and Vantage. A once unassailable business model could very quickly come under pressure. Australia lowered interchange fees, went in to effect Oct. 1.....the pressure is building worldwide. But it's the cracking the door open in addition to a new way of shopping that could really leave $V disrupted. Not a mistake the first move earlier this year was lower on the back of AI fears, it has bounced with software now where somehow Phone systems from $RNG and website domains from $GDDY are somehow the new "hot trade", but secular trends seem obvious regardless of pacing that Visa and its pricing power and duopoly are in trouble and FICO to me is a similar case study.

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Cat-Scratch Fervo

Fervo Energy raised $2 billion in its May IPO, then fell nearly 70% below issue price after a Morpheus short report, despite targeting 1 GW…

FRVO $3.8B
Doomberg 4 clicks

Sea Ltd Earnings Update: Q3 2026

Sea Ltd reported Q3 2026 revenue of $8.6 billion, up 43.4% year over year, while net income rose 34.0%.

SE $45B
SixSigmaCapital: Navigating the Financial Markets 5 clicks
OSW · short

One Spa World

OneSpaWorld (OSW) faces about 37% downside as its valuation requires unattainable growth in average revenue per customer after major-market…

OSW $3.1B
Value Investors Club

The AutoNation Story

AutoNation shed rentals and megastores, focused on dealerships, and retired 91.1% of its shares through buybacks after its 1990s roll-up…

AN $6B
Cannibal Stocks 4 clicks

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