Consumer Tech (Aug 17-21): Walmart & Alibaba Posts Earnings, Trump Targets U.S. Space Launch Growth & More

FPS Q4 Earnings Beat Estimates on Powertrain Solutions Growth

Forgent Power Solutions (FPS) reported 94% revenue growth in Q4 fiscal 2026 to $462 million, driven by custom products and Powertrain Solutions for data center customers. The company achieved record bookings of $1.50 billion and backlog of $3.02 billion with a 3.3x book-to-bill ratio. FPS projects fiscal 2027 revenues of $2.4-$2.6 billion with 76% growth and is expanding capacity with a $35 million Powertrain Solutions facility investment.

TXN's Data Center Sales Double: Will This Growth Rate Continue in 2026?

Texas Instruments' data center revenues doubled year-over-year in Q2 2026, driven by AI infrastructure spending. The company expects to outgrow the data center market in 2026, supported by R&D investments, manufacturing capacity, and the shift toward 800-volt architectures that increase chip content. Competitors Analog Devices and ON Semiconductor also show strong data center growth, though TXN's broad analog portfolio and capacity position provide competitive advantages.

Anthropic's AI Warning Is 'Noise' in a 'Secular Bull Market:' Bank of America Says

BofA calls AI slowdown fears “noise,” arguing competition could drive AI spending beyond $3 trillion and lift eight battered chip stocks.

Shares of semiconductor and chip-related companies are trading lower after AI executives signaled that the industry's growth may need to be slowed. The industry is also facing pressure as oil prices spike in reaction to the escalating conflict in the Middle East which can lead to inflation, tighter lending and reduced demand.

Hock Tan Just Guided Broadcom's AI Revenue to Reach $230 Billion by 2028. Should You Believe Him?

Broadcom CEO Hock Tan projects the company will generate $230 billion in annual AI semiconductor revenue by fiscal 2028, representing more than a tripling from current levels. The article argues this forecast is credible given Tan's track record of underestimating growth and Broadcom's secured supply chain. The analysis suggests potential 150% upside if the company achieves these targets with a 50% profit margin.

Apple, Nvidia Eye Major Entry into AI Servers: Report

Apple is returning to enterprise servers with multi-chip M8 Ultra designs to support AI inference workloads and silicon applications.