Quanta Services (PWR): Backlog Up 63% While Shares Fall 30%
Quanta Services' backlog rose 63% year over year to $64 billion as shares fell 30%, with AI and power-infrastructure demand driving revenue and free-cash-flow growth.
Thursday, November 12, 2026
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SouthernValue on X
@TickerMavericks Yea, I kept out for brevity. But realistically if revenue was flat and compute demands constant, Anthropic would take on that add'l TPU capacity and swap out overpriced $SPCX capacity.
SouthernValue on X
Add to that the CSP and TPU-based contracted capacity is all take-or-pay and senior to ~$214B of $SPCX / Neocloud GPU capacity that is cancellable or subject to contingent conditions.
@ParadisLabs Paradis on X
$MRVL x $LITE deal
Lee Roach on X
My $HOG is up
@pennycheck ⚽️📡 on X
$NXT $MSOS $RIVN $RUN $LCID all 🎯
Negligible Capital on X
$INTC down another 3%
@aleabitoreddit Serenity on X
@Ericbaofu 中国其实早就有类似 $MRVL 收购 $LITE 的案例了，比如东山精密收购索尔思光电。 不过国内监管环境不太一样，更多还是为了发展自主技术，减少对西方供应链的依赖。 剑桥科技也是个例子，投资了不少国内激光器厂商，来保障供应和扩充产能。 我觉得这次收购对中际旭创和新易盛的战略影响不会太大
Investor Letters
All letters- 103 Advisory Group October 2026 AMZN $2.9TGOOGL $3.6T
- Minotaur Capital October 2026 META $1.6TAVGO $1.6T
- Bell Asset Management October 2026 CRH $64BEXPGF $34B
- Lakehouse Capital Small Companies Fund October 2026 PNI $2.7B
- Lakehouse Capital Global Growth Fund October 2026 ADYEY $31BNOW $107B
- Spheria — Global Smaller Companies Fund month ended 31 October 2026 SFM $4.7BSN $32B
- Rathbones October 2026 SBGSF $158BSIEGY $236B
- FCL Capital October 2026 ANPDF $28BASML $591B
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