This afternoon's reading covers Lennar's housing slump, IREN's rising data center prices, Goldman's view on Micron, SpaceX's new name for its AI unit and El Pollo Loco's strong year.
Lennar is one of the largest U.S. homebuilders, and high mortgage rates are forcing it to lean on price cuts and incentives to keep homes selling. A real rebound likely waits on rates easing enough to bring buyers back without the discounts.
Read More →IREN builds and runs data centers that rent computing power to AI companies, and tight supply is letting it sign longer contracts at steadily higher prices. The test is bringing new capacity online fast enough to turn its pipeline into signed deals.
Read More →Micron makes the memory chips inside AI servers and phones, and Goldman Sachs expects tight supply to keep its prices strong for the next two years. The catch is 2028, when new industry capacity could start to weigh on memory prices.
Read More →SpaceX builds rockets and satellites, and Elon Musk plans to rename its AI unit SpaceXSI to adopt President Trump's term, super intelligence. No date is set yet, so watch whether the rebrand brings anything beyond a new name.
Read More →El Pollo Loco runs fire-grilled chicken restaurants, and new menu items like chicken tenders and loaded quesadillas have powered a strong year. The watchpoint is traffic, since recent sales growth leaned on bigger checks more than extra visits.
Read More →This newsletter is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Always conduct your own research and consult a licensed financial professional before making investment decisions.
