The fundamental distinction between classical and quantum physics lies in the phenomenon of coherence, and recent research focuses on a particularly subtle form known as ‘unspeakable coherence’. Benjamin Stratton, Chung-Yun Hsieh, and Paul…
Author: admin
-
Architect Frank Gehry, Who Turned Buildings Into Sculptures, Dies at 96
News
His postmodern designs of museums, concert halls, and libraries have become destinations just as much as the venues themselves.
Continue Reading
-
SoftBank in Talks to Buy Data-Center Investor DigitalBridge
Photographer: Kiyoshi Ota/Bloomberg (Bloomberg) — SoftBank Group Corp. is in talks to acquire DigitalBridge Group Inc., a private equity firm that invests in assets such as data centers, as it seeks to take advantage of an AI-driven boom in digital infrastructure, according to people with knowledge of the matter.
The Japanese conglomerate is negotiating a potential deal to buy New York-listed DigitalBridge and take it private, the people said, asking not to be identified because the information is confidential.
Most Read from Bloomberg
Shares of DigitalBridge, which had fallen 13% this year before Friday, rose 45% in New York trading for the their biggest-ever one-day gain. The shares closed at $14.12, giving the company a market value of $2.58 billion.
SoftBank’s billionaire founder Masayoshi Son is trying to capitalize on soaring demand for the computing capacity that underpins artificial intelligence applications. A transaction could come together as soon as the coming weeks, though deliberations are ongoing and there’s no certainty they will lead to an agreement, the people said.
Representatives for SoftBank and DigitalBridge declined to comment.
DigitalBridge, led by Chief Executive Officer Marc Ganzi, had about $108 billion of assets under management at the end of September, according to its website. Its portfolio includes digital infrastructure operators such as AIMS, AtlasEdge, DataBank, Switch, Vantage Data Centers and Yondr Group.
Raymond James research analyst Ric Prentiss said in an Oct. 30 research note that it makes sense for a larger alternative asset manager that has scale and fundraising infrastructure to buy DigitalBridge rather than it remain standalone.
“We feel DigitalBridge would consider selling, but only at the right (and much higher than current levels) cash price and terms,” Prentiss wrote.
SoftBank has previously done deals in the asset management space. In 2017, it acquired Fortress Investment Group for more than $3 billion. It eventually sold its stake to a group including Abu Dhabi sovereign wealth fund Mubadala Investment Co. and Fortress management in a deal completed in 2024.
In January, SoftBank announced a $500 billion project called Stargate, alongside OpenAI, Oracle Corp. and Abu Dhabi’s MGX, to build data centers in the US. While SoftBank’s Son pledged to deploy $100 billion “immediately,” the rollout of Stargate has been slower than planned, in part because of disagreements over where the data centers should be located.
Continue Reading
-
How bioprospecting revealed a scorpion venom that kills breast cancer cells
Researchers at the University of São Paulo’s Ribeirão Preto School of Pharmaceutical Sciences (FCFRP-USP) in Brazil have found a molecule in the venom of Brotheas amazonicus, a species of scorpion native to the Amazon, which appears to attack…
Continue Reading
-
Federal Panel Votes to Remove Universal Newborn Hepatitis B Vaccine Recommendation
The Advisory Committee on Immunization Practices (ACIP) — a panel that shapes policy around vaccinations on behalf of the Centers for Disease Control and Prevention (CDC) — voted today to reverse a long-standing recommendation for infants to…
Continue Reading
-
Fitch downgrades Hungary's outlook to 'Negative' on foggy fiscal consolidation path – Reuters
- Fitch downgrades Hungary’s outlook to ‘Negative’ on foggy fiscal consolidation path Reuters
- Fitch Revises Hungary’s Outlook to Negative; Affirms at ‘BBB’ TradingView
- HUF: Moody’s holds Hungary rating, markets react positively – ING FXStreet
- Hungary’s outlook revised to negative by Fitch, rating affirmed Investing.com South Africa
- Fitch downgrades Hungary’s outlook to ‘Negative’ TradingView
Continue Reading
-
Has The Market Run Too Far Ahead Of AAR After Its 34% Rally In 2025?
-
Wondering if AAR is still a smart buy after its big run, or if the easy money has already been made? Here is a closer look at what the market is really pricing into this stock.
-
Even after slipping slightly in the last week and month, AAR is still up 34.3% year to date and 22.3% over the past year, with a 143.1% gain over five years that suggests investors have been steadily re-rating the story.
-
Those moves have been supported by ongoing optimism around aviation services demand and AAR’s role as a key maintenance and logistics partner for airlines and defense customers. Investors are increasingly treating the company as a long term, infrastructure style play on global flight activity and fleet modernization.
-
On our numbers, AAR scores just 2/6 on basic undervaluation checks, which suggests the market is already factoring in a fair amount of optimism, but that is only part of the story. Next, we will look at different valuation approaches and then finish with a more robust way to assess whether the current price really makes sense.
AAR scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.
A Discounted Cash Flow model estimates what a company is worth today by projecting its future cash flows and discounting them back to the present. For AAR, the model uses a 2 stage Free Cash Flow to Equity approach based on analyst forecasts and longer term extrapolations by Simply Wall St.
AAR currently generates around negative $27.3 Million in free cash flow, but analysts expect this to turn positive and grow rapidly. Projections call for free cash flow to reach about $38 Million in 2026, then climb to roughly $203 Million by 2028 and around $589 Million by 2035, all in $. These rising cash flows, when discounted back, give an estimated intrinsic value of about $191.82 per share.
Compared with the current share price, this implies a 56.9% discount, suggesting the market is valuing AAR well below what its projected cash generation might justify. On DCF terms, AAR appears meaningfully undervalued in this model.
Result: UNDERVALUED
Our Discounted Cash Flow (DCF) analysis suggests AAR is undervalued by 56.9%. Track this in your watchlist or portfolio, or discover 906 more undervalued stocks based on cash flows.
AIR Discounted Cash Flow as at Dec 2025 Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for AAR.
For profitable companies like AAR, the Price to Earnings, or PE, ratio is a practical way to gauge how much investors are willing to pay today for each dollar of current earnings. In general, higher expected growth and lower perceived risk justify a higher, or more expensive, PE multiple, while slower or riskier businesses usually trade on lower ratios.
Continue Reading
-
-
Chapter three: remixing heritage – tmsw
Remixing heritage
In our fast-paced, hyper-digital world, heritage is an appealing anchor for consumers who are craving authenticity and stability.
But that doesn’t mean brands should be stuck in the past. From legacy fashion houses to…
Continue Reading
-
Why The Narrative Around Sanmina Is Shifting Amid AI Datacenter Deals And Execution Risks
Sanmina’s stock narrative has shifted again, with a higher price target driven largely by growing conviction in its AI and communications opportunity set. While the fair value estimate per share is unchanged at $190 and revenue growth expectations are steady at 37.29%, a slightly higher discount rate of 8.50% underscores both improved positioning and heightened execution risk around key partnerships and integration milestones. Stay tuned to see how you can track these evolving assumptions and sentiment shifts before they move the story, and potentially the stock, further.
Stay updated as the Fair Value for Sanmina shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Sanmina.
🐂 Bullish Takeaways
-
BofA, led by analyst Ruplu Bhattacharya, has twice lifted its Sanmina target in recent months, first to $150 from $130 and then to $180 from $150, signaling growing confidence in the companys positioning despite maintaining a Neutral rating.
-
Analysts at BofA highlight the OpenAI and AMD multi billion dollar AI datacenter partnership as a structural positive, given Sanminas role as AMDs preferred NPI partner for building, testing, and readying GPU racks for production.
-
The latest BofA note cites a strong fiscal Q4 and improving conditions in the communications end market, with inventory correction easing and ZT Systems providing full rack assembly capability, both seen as supportive of Sanminas growth and integration story.
🐻 Bearish Takeaways
-
Despite successive price target hikes to $180, BofA continues to rate Sanmina at Neutral. This underscores concerns that much of the AI and communications upside may already be reflected in the current valuation.
-
BofA flags significant execution risk, pointing to Sanmina needing to integrate the ZT Systems business and then successfully ramp programs with AMD. This is occurring against an uncertain macro backdrop that could pressure demand or delay deployments.
-
Analysts also stress that the financial impact of the OpenAI and AMD partnership is hard to quantify, with key variables including how many GPU racks Sanmina is awarded and the possibility that customers choose competing partners for NPI testing and manufacturing.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
NasdaqGS:SANM Community Fair Values as at Dec 2025 -
Sanmina completed its previously announced share repurchase program, buying back 801,093 shares, or about 1.49% of shares outstanding, for a total of $60.8 million, with no additional shares repurchased between June 29, 2025 and September 27, 2025.
-
The company issued earnings guidance for the first quarter ending December 27, 2025, projecting revenue in the range of $2.9 billion to $3.2 billion.
-
The completion of the buyback and the new revenue outlook together indicate that management is focusing on capital returns to shareholders while supporting the current demand environment for Sanmina.
Continue Reading
-
-
Arm Holdings (NasdaqGS:ARM) Valuation Check After South Korea Chip Design School Deal
Arm Holdings (ARM) just inked a memorandum of understanding with South Korea’s industry ministry to create a chip design school, a long horizon move that could quietly reshape its AI centric growth story.
See our latest analysis for Arm Holdings.
The chip school agreement lands while sentiment around Arm is mixed, with a 7 day share price return of 4.24% but a softer 30 day share price return of negative 11.79%, leaving the 1 year total shareholder return roughly flat and suggesting momentum is resetting after a strong year to date.
If you are watching how Arm is positioning for the next wave of AI hardware, it could also be worth exploring high growth tech and AI stocks that may be riding similar structural trends.
With Arm growing earnings at a healthy clip and still trading nearly 19% below the average analyst target, is the current lull a mispriced entry into an AI infrastructure king, or is the market already baking in years of future growth?
Compared to the last close at $141.31, the narrative fair value near $70 frames Arm as a high conviction story trading at a speculative premium.
Based on a forward earnings framework anchored to the 10-year U.S. Treasury yield, the stock’s intrinsic fair value is estimated at $70 per share. Applying a prudent 20% discount to reflect interest rate risk and macro uncertainty yields a conservative, risk-adjusted target of $56. However, recent market action suggests investor sentiment has shifted decisively beyond fundamentals.
Read the complete narrative.
Curious how a disciplined rates based model still arrives at a much lower value than today’s price? The narrative leans on aggressive forward earnings power, richer margins, and a future valuation multiple usually reserved for elite compounders. Want to see which specific profit and growth assumptions justify that gap? Click through and unpack the full framework behind this fair value call.
Result: Fair Value of $70.00 (OVERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, sharp rate increases or an AI spending slowdown could quickly compress Arm’s valuation multiples and challenge the longer term bubble wave thesis.
Find out about the key risks to this Arm Holdings narrative.
Our valuation checks paint a more nuanced picture than the $70 fair value headline. On a sales basis, Arm trades at 33.8 times revenue, far richer than both the US semiconductor industry at 5.5 times and peers at 7.4 times. Yet our fair ratio sits even higher at 38 times, which means the market could still move further in either direction and leave late buyers exposed to sharp swings. Is this a calculated bet on Arm’s growth engine, or are expectations already stretched to a breaking point?
Continue Reading
