Category: Tech

Release – SKYX Will Deploy its Technologies During a Renovation of the Iconic 5-Star Hotel “The Mozart Prague” in the Capital of the Czech Republic Owned by Group OTT and Operated by Global Hospitality Leader Accor

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The Renovation is in Process and Will Include Rooms, Suites, Bars, Restaurants, Lobby, Ballroom, Spa, Gym, Meeting Rooms, Corridors, Among Other Hotel Areas

The Mozart Prague is Part of Group OTT’s European Hospitality Portfolio and is Managed and Operated by Accor, Renowned Global Hospitality Leader

SKYX’s Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues through Interchangeability, Upgrades, AI Services, Monitoring, Subscriptions, Among Others

SKYX Technologies Reduces Up to 90% Time and Cost of Hotel Renovation or New Build and is Continuing Discussions with Additional Hotel Groups and Owners Regarding Utilization of its Game-Changing Technologies for Hotels and Buildings

MIAMI, June 10, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), an award-winning highly disruptive advanced smart home and AI platform technology company with over 100 U.S. and global pending and issued patents and a portfolio of 60 lighting and home décor websites, today announced it will deploy its advanced smart technologies as part of the comprehensive renovation of The Mozart Prague, an iconic 5-star hotel located in the heart of Prague, Czech Republic. The hotel will be managed and operated by renowned global hospitality leader Accor.

The Mozart Prague is owned by France-based Group OTT and operated by global hospitality leader Accor. The hotel forms part of Group OTT’s European hospitality portfolio and is currently undergoing an extensive renovation encompassing guestrooms, suites, restaurants, bars, public areas, meeting facilities, wellness amenities and other key hotel spaces.

The Mozart Prague iconic hotel sits in the Old Town district in the heart of the Czech capital and is well-located at the base of the Charles Bridge with picturesque views of Prague Castle. The Hotel dates to the 17th century and has a rich history, having hosted numerous celebrities such as Wolfgang Amadeus Mozart, Wagner, and more recently Vaclav Havel.

The hotel amenities and areas include bars, restaurants, ballroom, spa, and gym, among other hotel facilities.

During the course of renovation and new build, SKYX is expected to supply its advanced smart plug & play technologies comprising ceiling lighting, ceiling fans, recessed lights, down lights, EXIT signs, emergency lights, indoor and outdoor lights, wall lights among other advanced smart products.

For more than 35 years, France-based Group OTT has developed more than 250 buildings throughout Europe, including hotels, residential, and commercial projects valued at over $4 billion.

Jean-François Ott, Founder of Group OTT, said; “We are excited to include SKYX’s game-changing technologies for hotels and buildings during our Mozart Prague Hotel renovation. We expect to continue deploying SKYX’s technologies in additional European projects. By integrating SKYX’s technologies into these properties, we will cut significant time and cost while advancing the lifestyle and safety standards of our hotels and buildings.”

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said; “We are excited to deploy our technologies in an iconic and historical 5-star hotel such as Mozart Prague. Based on the time, cost saving, and advanced aspects of our technologies, and the value proposition for hotels, we expect to continue growing our builder and hotel segments in both the U.S. and Europe.”

For more information about Jean-François Ott and Group OTT click here: https://www.groupott.com/

For more information about SKYX click here: www.skyx.com

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced disruptive advanced-safe-smart home and AI platform technologies, with over 100 U.S. and global patents and patent pending applications. Additionally, the Company owns 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://www.skyx.com/ or follow us on LinkedIn.

Forward-Looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s ability to achieve positive cash flows; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Investor Relations Contacts:

Jeff Ramson
PCG Advisory
[email protected]

Ronald A. Both
Encore Investor Relations
[email protected]

Figure Pays $717 Million for Kiavi as Blockchain Lending Moves From Concept to Scale

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The intersection of blockchain technology, artificial intelligence, and real estate lending just produced one of the more structurally interesting deals of 2026. Figure Technology Solutions (Nasdaq: FIGR), the blockchain-native capital marketplace for origination, funding, sale, and trading of tokenized financial assets, announced Wednesday it has entered into a definitive agreement to acquire Kiavi, the nation’s largest residential transition loan lender, for $717 million.

The transaction is structured in two parts. Figure is acquiring Kiavi’s technology platform and operating business directly. Simultaneously, a joint venture between Figure and Sixth Street, a global investment firm, will acquire Kiavi’s balance sheet assets — a structure that keeps Figure’s business model capital-light while still bringing the full operational and technological capability of Kiavi’s lending platform under its umbrella.

What Kiavi Actually Is

Founded in 2013 as LendingHome by Matt Humphrey and James Herbert, Kiavi has spent more than a decade building an AI-powered lending infrastructure specifically for residential real estate investors — the operators who buy distressed or underperforming properties, renovate them, and either sell or rent the finished product. It is the largest non-bank lender in the residential transition loan category, with more than $30 billion in funded loans across its history. In 2025 the company generated over $250 million in revenue and more than $100 million in EBITDA, establishing it as a profitable and scaled business rather than an early-stage platform.

The market Kiavi operates in is significant. The US housing stock is aging rapidly, with approximately $25 trillion in residential property estimated to require meaningful renovation or revitalization. Real estate investors are the primary mechanism through which that stock gets modernized — and they are heavily dependent on fast, reliable, technology-enabled lending to execute their business models at scale. Kiavi was built to serve exactly that demand.

What Figure Is Building

Figure’s core product is a blockchain-native marketplace where financial assets — primarily home equity loans and now residential transition loans — are originated, funded, sold, and traded on distributed ledger infrastructure. The appeal is operational: blockchain rails eliminate the layers of reconciliation, manual processing, and counterparty friction that characterize traditional loan markets, reducing costs and improving execution speed at scale.

The Kiavi acquisition adds $7 billion in annual first-lien loan volume to Figure’s marketplace and more than $100 million monthly to its Democratized Prime platform, where institutional lenders connect with investors. The first-lien mortgage market is approximately 25 times larger than the second-lien segment where Figure historically concentrated, making this a direct expansion into a far larger addressable market. With Kiavi integrated, Figure projects its consumer loan marketplace volume will reach more than 40% first-lien for full-year 2027.

The deal also serves as the launch platform for Adaptor, Figure’s newest AI product designed for fully agentic, agent-to-agent onboarding. Kiavi’s residential transition loan asset class will be the first to use Adaptor’s capabilities, automating the process through which borrowers and lenders connect on the platform without human intermediation.

Figure has confirmed the transaction reinforces its medium-term target of 60% EBITDA margins, reflecting the cost efficiencies expected from moving Kiavi’s loan assets onto blockchain infrastructure.

The Broader Fintech Signal

For investors tracking financial technology companies in the small and microcap space, the Figure-Kiavi deal is worth examining as a template for how fintech consolidation is evolving in 2026. The combination of blockchain infrastructure, AI-powered underwriting, and institutional capital partnerships through structures like the Sixth Street joint venture reflects a level of architectural sophistication that goes well beyond simple product acquisitions.

The tokenization of real-world financial assets onto blockchain rails is no longer a theoretical construct. At $717 million and $30 billion in funded loans, it is a transaction-scale reality.

SpaceX Prices Tomorrow and Lists Thursday. For Smaller Space Tech Companies, the Ripple Effects Are Just Beginning

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Twenty-four years after Elon Musk founded SpaceX with $100 million of his own capital and a stated goal of making humanity multiplanetary, the company is hours away from becoming a publicly traded stock. SpaceX prices its shares tomorrow evening June 11 at a fixed $135 per share, targeting a $1.75 trillion valuation and a $75 billion raise — the largest initial public offering in the history of global capital markets. Trading begins Thursday June 12 on the Nasdaq under the ticker SPCX.

The headline numbers are almost impossible to contextualize. The $75 billion raise is more than double Saudi Aramco’s 2019 record of $29 billion, itself the prior all-time high. At $1.75 trillion, SpaceX would debut as roughly the seventh largest US company by market capitalization, above Tesla’s current valuation. The offering is backed by 21 underwriting banks in a syndicate internally codenamed Project Apex and carries one of the largest retail allocations in IPO history — with up to 30% of shares reserved for individual investors, compared to the 5% to 10% typical of standard large deals. A dedicated retail investor event takes place tomorrow for approximately 1,500 participants before pricing locks in.

What the S-1 Actually Shows

Beyond the valuation, the S-1 prospectus filed last month confirmed the financial reality behind the ambition. SpaceX generated $18.67 billion in total revenue in 2025. Starlink, its satellite internet business, posted $1.19 billion in operating profit in Q1 2026 alone and now serves 10.3 million subscribers globally, making it the primary earnings engine of the combined company. The balance sheet carries $25.45 billion in contractual commitments, with 95% of that volume scheduled for delivery in 2026 and 2027 — a forward revenue visibility profile that most public companies would envy. The company also holds 18,712 Bitcoin valued at approximately $1.45 billion.

SpaceX is not yet consistently GAAP profitable, reflecting the capital intensity of the launch and satellite infrastructure businesses. The $1.75 trillion valuation implies roughly 93 to 116 times trailing revenue — a multiple that prices in Starlink’s long-term subscriber growth trajectory rather than current earnings.

What Thursday’s Listing Means for Smaller Space Companies

For investors tracking the small and microcap companies operating in SpaceX’s orbit, Thursday is not just a spectacle. It is a structural event with direct implications for how the space technology sector gets valued, funded, and acquired going forward.

When the anchor company in any sector goes public at a generational valuation, the effects flow downstream through the entire ecosystem. Institutional capital that had limited mechanisms to access the space sector will now have a liquid, large-cap benchmark around which to build broader space technology allocations. That reallocation historically draws attention and investment dollars toward smaller companies operating in adjacent parts of the same value chain.

The names most directly positioned to benefit include smaller launch vehicle companies, satellite infrastructure providers, space data and analytics platforms, and defense-adjacent space technology operators — many of which trade well below $2 billion in market cap and have been rallying in anticipation of exactly this moment. Rocket Lab, Momentus, Redwire, AST SpaceMobile, Planet Labs, and Voyager Technologies have all moved meaningfully higher in the weeks leading into the SpaceX debut as the sector’s profile has risen with the roadshow.

There is also an acquisition dimension worth monitoring. SpaceX entering the public markets with $75 billion in fresh capital and a publicly traded stock as acquisition currency creates conditions under which smaller space technology companies with complementary capabilities become strategically attractive targets. The company has already demonstrated an appetite for vertical integration across launch, connectivity, and AI through the xAI merger earlier this year.

The Nasdaq-100 Fast Entry rule change that took effect May 1 adds another mechanical layer. If SpaceX qualifies for the Nasdaq-100 after just 15 trading days of trading — which its market cap almost certainly ensures — index funds tracking that benchmark will be required to purchase shares at whatever price the market sets in late June. That creates a structural buyer with no price sensitivity, a dynamic that has historically supported the broader sector in the weeks following a major index inclusion event.

Thursday marks the end of SpaceX’s life as a private company. For the smaller companies that have been building in its shadow for years, it may mark the beginning of their most visible chapter yet.

SKYX Platforms (SKYX) – Noble Virtual Conference June 2026

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Monday, June 08, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Noble Virtual Conference. SKYX Platforms CEO Leonard Sokolow presented at the Noble Virtual Conference. Highlights included regulatory efforts, new agreements, and product introductions.  A rebroadcast is available at https://www.channelchek.com/videos/skyx-platforms-skyx-noble-capital-markets-virtual-conference-replay-june-2026.

Regulatory. SKYX continues to pursue mandatory regulation for the ceiling outlet receptacle, or weight support ceiling receptacle, as classified by the National Electric Code. SKYX has some heavyweights behind the push here, and we would not be surprised to see some type of resolution in the near term. Although mandatory classification could be a game-changer for the Company, the demonstrable savings in installation time, ease of swap-outs, and harm reduction benefits of SKYX’s system are sufficient to drive results, in our opinion.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Broadcom’s 15% Single-Day Plunge Took $300 Billion Off the Table

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The semiconductor sector just recorded one of its worst sessions of 2026. Broadcom fell approximately 15% Thursday after reporting fiscal second quarter results that beat earnings estimates but failed to raise full-year guidance — a distinction that matters enormously when a stock has run more than 90% year to date. The selloff spread immediately across the chip space. Micron dropped more than 6%, Marvell fell 5%, AMD declined 6%, and ARM Holdings lost nearly 9%. The Philadelphia Semiconductor Index, which had climbed 92% in 2026 heading into this week, shed more than 5% in a single session — one of its largest single-day drops since early 2025.

By Friday morning losses were extending. The two-day chip sector rout has now erased hundreds of billions in large cap market value in what has become one of the most closely watched sector corrections of the year.

What Actually Happened With Broadcom

The Broadcom report was not a fundamental collapse. Revenue for the quarter came in at $22.19 billion, up 48% year over year, with adjusted earnings per share of $2.44 beating the consensus estimate of $2.40. AI chip revenue grew more than 200% year over year. The company maintained its long-term target of semiconductor revenue exceeding $100 billion next fiscal year.

What rattled investors was a combination of two things. First, Q3 AI chip revenue guidance of approximately $16 billion came in below market expectations of $17.2 billion. Second, management reiterated rather than raised its 2026 full-year guidance — a significant signal to a market that had been pricing in continuous upward revisions. Separately, Broadcom is beginning to lose market share in supplying custom AI chips to Alphabet, with its share of Google’s tensor processing unit business expected to decline meaningfully through 2028 as a Taiwan-based competitor gains ground.

The underlying business did not break. Market expectations simply caught up with where the stock was trading. That is a valuation story, not a demand story — and that distinction matters considerably for how investors should interpret what happened.

Why This Matters for Smaller Semiconductor Companies

The selloff at the large cap level does not reflect a change in the fundamental demand environment driving chip sector growth. The five largest hyperscalers — Amazon, Alphabet, Meta, Microsoft, and Oracle — are collectively projecting $725 billion in capital expenditures in 2026, up 77% from the prior year’s already record-breaking level. Total AI infrastructure spending is projected at $7.6 trillion between 2026 and 2031. That capital does not flow exclusively through the top five chip companies. It moves through hundreds of suppliers, component manufacturers, and technology providers operating at every layer of the AI hardware stack.

Specialty materials companies, advanced packaging providers, power management chip designers, optical component manufacturers, and printed circuit board makers all sit in the downstream path of hyperscaler capital expenditure. Many of those companies operate well below the $2 billion market cap threshold and have not experienced the same run-up in valuations that left Broadcom, Micron, and AMD exposed to a guidance disappointment.

The pattern playing out this week is one the semiconductor sector has seen before. Extended rallies in large cap names draw increasing analyst scrutiny and tighter expectations — and when any element of those expectations goes unmet, the correction is sharp and immediate. Smaller companies in the same supply chain, carrying lower valuations and more modest expectations, tend to absorb that volatility differently.

For investors in smaller semiconductor names, Thursday’s large cap selloff is worth examining as a reference point rather than a warning signal. The AI infrastructure buildout that created the demand environment these companies operate in did not change on Thursday evening. The stock prices of a handful of mega cap chip companies did.

Anthropic Just Filed for an IPO at $965 Billion. The AI Capital Cycle Has Entered a New Phase

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The artificial intelligence industry’s march toward public markets just crossed a threshold that Wall Street has been watching closely for months. Anthropic, the San Francisco-based AI company behind the Claude family of large language models, confirmed Monday it has submitted a confidential draft S-1 registration statement to the Securities and Exchange Commission — the first formal legal step toward an initial public offering.

The filing contains no share count, no price range, and no confirmed listing date. Under the confidential process, full financial disclosures remain private until the SEC completes its review, at which point Anthropic will decide whether to proceed based on market conditions. A public debut as early as Fall 2026 is widely expected.

What is known is the valuation at which Anthropic is entering this process. Just days before the filing, the company closed a $65 billion Series H funding round co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, and D1 Capital Partners, pushing its post-money valuation to approximately $965 billion. That figure places Anthropic ahead of rival OpenAI in private market valuation and positions it at the front of the most consequential IPO pipeline in the history of the technology industry.

The Company Behind the Filing

Anthropic was founded in 2021 by Dario Amodei, Daniela Amodei, and several colleagues who departed OpenAI. The company has built its business on the Claude model family, which spans consumer, enterprise, and frontier AI applications, and has established major compute agreements with Amazon, Google, and Broadcom. Claude is available across AWS, Google Cloud, and Microsoft Azure, giving the company distribution through the three largest cloud platforms simultaneously. The company’s CFO described the latest funding round as support to serve the demand for Claude while expanding research, compute capacity, and product partnerships.

The Broader IPO Context

Anthropic’s filing lands inside what is shaping up to be the most concentrated AI IPO season in market history. Cerebras Systems debuted on Nasdaq in May, surging nearly 90% on its first day of trading in the largest US tech IPO since Uber in 2019. SpaceX’s roadshow begins Thursday with the June 12 Nasdaq listing targeting a $1.75 trillion valuation and a $75 billion raise. OpenAI is expected to follow Anthropic to the SEC with its own filing in the weeks ahead.

The cumulative implied valuation of these four AI companies alone approaches $4 trillion. That number represents an entirely new category of public market listing, and its effect on sentiment, capital allocation, and sector multiples across the AI ecosystem is already being felt.

What It Means for Smaller AI Companies

For investors in the sub-$2 billion AI space, the Anthropic filing matters for a specific reason. Cerebras and Nvidia represent the hardware and infrastructure layer of AI. Anthropic and OpenAI represent the model and software layer. When both layers of the AI stack are simultaneously achieving historic public market valuations, the effect on smaller companies operating across either layer is historically consistent: institutional capital broadens its reach, multiples expand across the sector, and the companies that were already building real products in the space benefit from the rising tide.

The IPO window that cracked open with Cerebras in May is now wide open. Anthropic just made sure of it.

Quantum Computing Inc. Spent $110 Million to Become Vertically Integrated

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When Quantum Computing Inc. (Nasdaq: QUBT) announced in December 2025 that it would acquire Luminar Semiconductor for $110 million in cash from a bankrupt parent company, the market’s immediate reaction was a 7% single-day drop. The deal looked expensive, the target was emerging from a Chapter 11 process, and questions about whether a microcap quantum computing company could absorb an acquisition of that scale were entirely legitimate.

Four months later, the first full quarter of post-acquisition results are on the table, and the numbers tell a different story than the initial skepticism suggested.

What QUBT Actually Bought

Luminar Semiconductor was a wholly owned subsidiary of Luminar Technologies, the lidar company that filed for Chapter 11 bankruptcy concurrently with the sale announcement. Critically, Luminar Semiconductor itself was not a debtor in the bankruptcy. It was operating normally as a subsidiary and continued doing so through the court-supervised Section 363 sale process, which QUBT won as the stalking horse bidder. The deal closed February 2, 2026.

What transferred to QUBT was a portfolio of established photonic technology businesses including Black Forest Engineering, Optogration, Freedom Photonics, and EM4 — collectively representing a mature set of capabilities in lasers, photodetectors, optical packaging, and manufacturing. These are not experimental technologies. They have existing commercial customers in defense, sensing, and optical communications, generating real revenue before a single quantum application is layered on top.

The strategic logic was vertical integration. QUBT operates a thin-film lithium niobate foundry in Tempe, Arizona, producing photonic chips that form the hardware foundation for its quantum systems. Luminar Semiconductor’s components are direct building blocks on that technology roadmap. By acquiring the supplier rather than remaining dependent on it, QUBT gained control of its supply chain, expanded its engineering depth, and added an established revenue base in a single transaction.

The Post-Acquisition Numbers

Q1 2026 revenue came in at $3.7 million, surging from near zero in the prior year period and significantly outpacing analyst consensus estimates. The net loss narrowed to $4.1 million, or $0.02 per share, better than expected. Total assets at March 31 stood at approximately $1.6 billion, supported by a cash position of roughly $1.4 billion — a substantial liquidity cushion for a company of this size and stage. The stock gained 7% on earnings day and has advanced nearly 30% over the past month. Six analysts currently carry Buy ratings on the stock with an average price target of $17.83, implying approximately 49% upside from current levels.

The Broader Context

The acquisition does not exist in isolation. Two weeks ago, the Trump administration announced $2 billion in equity investments across nine domestic quantum computing companies under the CHIPS and Science Act framework — a commitment that signals the federal government views quantum computing as a strategic national priority rather than a speculative technology bet. While QUBT was not among the direct recipients in that announcement, the government validation of the sector broadly benefits every company operating in the quantum computing ecosystem.

QUBT’s vertical integration strategy positions it as one of the few quantum companies attempting to control both the photonic hardware and the quantum application stack simultaneously, a differentiated approach in a sector where most competitors rely on third-party component suppliers.

The Risk Profile

The honest assessment includes the other side of the ledger. Earnings are projected to decline significantly on a per-share basis as the company scales operations and absorbs integration costs. The stock trades at extreme price-to-sales multiples relative to current revenue. Cash burn remains a structural feature of the business at this stage, and dilution risk through future capital raises is a real variable. These are not edge cases — they are the central risks any investor in early-stage quantum computing needs to underwrite.

What has changed since the December acquisition announcement is that the revenue baseline is now measurably higher, the integration appears to be proceeding on track, and the government has put $2 billion of validation behind the sector QUBT is building into.

$24.4 Billion in AI Orders. One Quarter. Dell Just Redefined What an AI Supercycle Looks Like.

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There are strong earnings reports, and then there is whatever Dell Technologies just delivered. The computing giant posted fiscal Q1 2027 results Thursday evening that left Wall Street scrambling to revise models that were not even close to capturing what is actually happening in AI infrastructure spending right now. Dell shares surged more than 30% Friday, adding nearly $100 per share to close near $417.

The numbers are almost difficult to process at face value.

Revenue for the quarter came in at $43.8 billion, up 88% year over year and more than $8 billion above the analyst consensus estimate of $35.5 billion. Dell booked $24.4 billion in AI server orders in a single quarter, generated $16.1 billion in AI server revenue, and exited the period sitting on a backlog of $51.3 billion in unfilled AI server orders. For context, $51.3 billion in backlog represents more than the company’s entire revenue for a typical quarter just two years ago.

The guidance revision was equally staggering. Dell now projects $167 billion in fiscal year 2027 revenue, up sharply from a prior outlook of approximately $140 billion and nearly $25 billion above the analyst consensus of $142.1 billion. Embedded within that figure is a projection of $60 billion from AI server sales alone across the full fiscal year.

What the Analysts Are Saying

Wall Street’s response was immediate and unanimous. Evercore ISI raised its price target from $270 to $450 and framed the quarter in terms that rarely appear in analyst notes: “This is what an AI supercycle looks like.” Citi lifted its target from $290 to $475 and noted that demand continues to exceed supply, supporting backlog visibility through year-end. JPMorgan pushed its target from $280 to $500, citing improved visibility into a higher sustainable earnings growth rate over the medium term. Loop Capital went furthest of all, raising to $550 from an undisclosed prior target and calling the quarter “historic” and “unprecedented.”

Critically, multiple analysts flagged that Dell remains supply-constrained. Better component allocations, particularly in AI server hardware, could push estimates even higher from current levels.

The Small Cap Read-Through

For investors focused on the sub-$2 billion market cap universe, Dell’s quarter is not just a large cap story. It is a demand confirmation signal for every company supplying components into the AI server ecosystem.

A $51.3 billion backlog and a company that is supply-constrained does not stay that way without pulling every link of its supply chain to maximum capacity. Memory, power delivery systems, advanced cooling solutions, networking hardware, printed circuit boards, specialty connectors, and server chassis components are all part of the AI server bill of materials. Many of the companies making those components operate well below the $2 billion market cap threshold and have yet to see their valuations fully reflect the demand environment Dell’s results just confirmed.

Dell is the clearest proof yet that the AI infrastructure buildout has moved well beyond chips into the full stack of server hardware. The companies supplying that stack, at every tier and every size, are now operating in one of the strongest demand environments in the history of enterprise technology.

Micron Surges 12% as the Market Begins to Reprice What AI Means for Memory Chips

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Micron Technology (Nasdaq: MU) surged more than 12% Tuesday to trade near $850, extending what has already been one of the most remarkable runs in the semiconductor sector over the past twelve months. The catalyst was a Wall Street price target revision that set a new high-water mark for analyst expectations on the stock — but the move reflects something larger than a single upgrade. It reflects a growing conviction that artificial intelligence has fundamentally and permanently changed how memory markets work.

The numbers behind that conviction are not abstract. Micron’s most recent quarter posted revenue of $13.64 billion, up 57% year over year, with non-GAAP earnings per share of $4.78 and well above the $3.94 consensus estimate. Its Cloud Memory Business Unit nearly doubled to $5.28 billion in a single quarter at 66% gross margins. Forward guidance calls for $18.7 billion in revenue next quarter with non-GAAP EPS of $8.42. These are numbers that reflect the hyperscaler AI buildout running directly through Micron’s high-bandwidth memory franchise at full speed.

Why This Cycle Feels Different

Memory semiconductors have historically been among the most volatile in the chip sector — prone to sharp boom-bust swings driven by oversupply, inventory corrections, and demand unpredictability. Those cycles made memory stocks notoriously difficult to value and kept multiples compressed even during periods of strong earnings. What’s changing now is the nature of demand itself.

AI data centers consume high-bandwidth memory at a scale and consistency that prior computing architectures never required. Unlike consumer electronics demand which is seasonal, discretionary, and cyclical, hyperscaler AI infrastructure spending is driven by multi-year capital commitments from companies like Amazon, Microsoft, Google, and Meta that are building capacity they believe they will need for decades. That shift is beginning to generate long-term supply agreements that lock in pricing and demand visibility, smoothing the earnings volatility that historically made memory stocks difficult to hold through a full cycle.

If that structural change holds, the entire framework for valuing memory companies changes with it, and Micron, as the dominant US-based producer, is the most direct expression of that thesis.

The Domestic Manufacturing Milestone

Layered underneath Tuesday’s move is a separate development that adds industrial and political weight to the story. On Friday, Micron’s Manassas, Virginia facility began producing 1-alpha DRAM, the most advanced memory chip ever manufactured on US soil. The milestone arrives as Washington continues to prioritize domestic semiconductor production under the CHIPS Act framework, and as AI supply chains face increasing scrutiny around geographic concentration. Micron now holds onshore capacity, active government support, and an accelerating demand environment simultaneously, a combination that rarely aligns this cleanly.

MU stock has now run approximately eightfold over the past year, outperforming the S&P 500, the VanEck Semiconductor ETF, and the iShares Semiconductor ETF by a wide margin.

The Broader Semiconductor Read

For investors tracking smaller names in the semiconductor space, the Micron move carries a direct implication. If AI has structurally improved the durability and predictability of memory market earnings, the same logic begins to apply to smaller companies serving adjacent segments, specialty DRAM providers, DDR5 component manufacturers, advanced packaging companies, and AI-optimized storage technology players. AMD climbed more than 5% Tuesday on the same AI semiconductor sentiment wave, confirming this is a sector rerating rather than a single-stock event.

The memory supercycle has a new price tag. The market is just beginning to figure out what that means for everything downstream.

The Federal Government Just Bet $2 Billion on Quantum Computing — and Several of the Winners Are Small Caps

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The Trump administration moved Thursday to establish the United States as the dominant force in quantum computing, announcing $2 billion in equity investments across nine domestic companies as part of a coordinated push to accelerate the technology’s development and close the gap with China. The move sent shares in several of the recipients surging between 6% and 31% on the day — and for investors paying attention to the small and microcap names in the deal, the signal goes well beyond a single-session pop.

The investments will be funded through incentives under the CHIPS and Science Act, originally signed by former President Biden, and represent the latest instance of the Trump administration taking direct equity stakes in strategic technology companies — a model it has already deployed with Intel and rare-earth mining company MP Materials.

Who Gets What

IBM is the largest recipient, securing $1 billion to establish a new company called Anderon in New Albany, New York — which the administration is positioning as America’s first dedicated quantum chip manufacturing facility. IBM will contribute $1 billion alongside intellectual property, assets, and workforce, with plans to bring in additional private investors as the venture scales. Contract chipmaker GlobalFoundries received $375 million and launched a new division called Quantum Technology Solutions, with the government taking approximately a 1% equity stake in the company.

The remaining funding flows directly into smaller players. D-Wave, Rigetti Computing, and Infleqtion each received approximately $100 million, while Diraq received up to $38 million to address specific technical hurdles around error rates — one of the central engineering challenges still limiting quantum computing’s practical performance. PsiQuantum, which raised $1 billion in private funding last year from investors including Nvidia’s venture capital arm, is also among the recipients.

Rigetti Computing shares surged more than 25% Thursday. Infleqtion jumped nearly 29%. Both are among the smaller names in the cohort and carry market capitalizations well within ChannelChek’s coverage universe.

Why This Matters Beyond the Headlines

Quantum computers are designed to process information exponentially faster than conventional supercomputers, with potential applications spanning drug discovery, financial modeling, logistics optimization, and cryptography. The technology has faced persistent skepticism around timelines — Nvidia CEO Jensen Huang suggested last year that practical quantum computers could be two decades away — but Thursday’s announcement carries a specific weight that speculation does not.

The US government has demonstrated through its CHIPS Act deployment that it does not take equity positions in technologies it considers speculative. The CEO of Infleqtion made that point directly Thursday, arguing that this level of federal commitment signals the technology is advancing faster than the broader market appreciates.

For small and microcap investors, that framing is the critical takeaway. Government equity validation in early-stage technology companies has historically served as a powerful de-risking signal that accelerates institutional interest and compresses the timeline to commercialization. Several of the quantum computing companies receiving funding today were, as recently as 18 months ago, viewed primarily as speculative bets.

Thursday’s announcement reframes that narrative — and the market reaction suggests investors are adjusting their positioning accordingly.

Nvidia Just Reported the Most Profitable Quarter in Semiconductor History — the Downstream Effects Are Just Starting

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The numbers Nvidia posted Wednesday evening after the closing bell were not just a beat — they were a redefinition of what a technology company can generate in a single quarter. Record revenue of $81.6 billion, up 85% year over year. Data center revenue of $75.2 billion, up 92%. Net income of $58.3 billion — a 211% increase from a year ago. Non-GAAP earnings per share of $1.87, clearing the $1.77 consensus estimate. Gross margins held at 75% despite a simultaneous transition between two major chip architectures.

And then came the guidance. Nvidia is projecting $91 billion in revenue for the current quarter — well above the $87 billion Wall Street consensus and comfortably ahead of the highest whisper numbers circulating before the print. The company announced a new $80 billion share repurchase authorization and returned approximately $20 billion to shareholders through buybacks and dividends in the quarter alone.

Nvidia’s stock rose modestly after hours, a reflection not of disappointment but of a market that had already priced in excellence and received confirmation.

What’s Driving It

The engine behind the numbers is Blackwell — Nvidia’s current generation AI chip architecture that now drives the majority of data center compute revenue. Blackwell 300 products ramped aggressively in the quarter, and Nvidia’s networking solutions — including InfiniBand, Spectrum-X Ethernet, and NVLink — posted networking revenue growth of 64% sequentially as AI factories scaled their interconnect infrastructure.

Nvidia also launched the Vera Rubin platform during the quarter — its next-generation architecture purpose-built for agentic AI workloads. The Vera CPU is described as the world’s first processor designed specifically for AI agents, with first deployments expected at Amazon Web Services, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and CoreWeave in the second half of 2026. At its March GTC conference, CEO Jensen Huang projected that Blackwell and Vera Rubin combined would generate $1 trillion in revenue across 2026 and 2027. Wednesday’s results do nothing to undermine that projection.

Notably, Nvidia’s Q2 guidance explicitly excludes any data center compute revenue from China — the H20 export restrictions imposed in April remain fully in effect — making the $91 billion outlook that much more significant.

The Small and Microcap Read-Through

For investors operating below the $2 billion market cap threshold, Nvidia’s quarter is not just a large-cap story. It is a forward demand signal for an entire ecosystem of smaller companies.

The top five hyperscalers — Amazon, Microsoft, Google, Meta, and Oracle — are now expected to nearly double their capital expenditure spending in 2026, a significant revision upward from prior estimates of 62% year-over-year growth. That level of infrastructure commitment does not get executed through Nvidia alone. It flows through hundreds of suppliers, component manufacturers, and technology providers operating at every layer of the AI buildout stack.

Smaller companies in specialty semiconductor materials, advanced cooling systems, power infrastructure, optical networking components, and AI-optimized software are direct downstream beneficiaries of a sustained hyperscaler capex cycle. Many of those companies sit well below the $2 billion market cap threshold and have yet to see their valuations reflect the demand environment Nvidia’s results just confirmed.

The AI infrastructure buildout is not slowing. Wednesday night’s print made that case with $81.6 billion worth of evidence.

SKYX Platforms (SKYX) – Conversation with Management; Updated Model

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Thursday, May 21, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Overview. We had the opportunity to chat with SKYX management this week following the Company’s first-quarter earnings release. In short, management believes momentum continues to build with new agreements in the European hospitality business, the ongoing AI upgrading of the retail websites platform, recent capital raises which provide a runway to cash flow positive, and the potential for regulatory reform.

Key Drivers. The announced major construction and hospitality projects represent over one million units alone, with several projects projected to begin ordering this year, while management expects to deploy 100,000 units by year-end through the retail and pro channels. Turbo Heater retail sales are exceeding expectations, and the Company is developing additional line extensions here. The economy and, in particular, the housing market, remain a variable that could impact the pace of sales, in our view.


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SpaceX Is Targeting the Largest IPO in History

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The IPO market is about to face its most consequential test in decades. SpaceX, Elon Musk’s aerospace, satellite, and artificial intelligence conglomerate, is targeting a June 12 Nasdaq debut under the ticker SPCX — aiming to raise as much as $75 billion at a valuation approaching $1.75 trillion. If it prices at that level, it would shatter Saudi Aramco’s 2019 record of $35.4 billion as the largest initial public offering ever completed.

The timeline is now concrete. SpaceX is expected to file its S-1 prospectus publicly this week, with a roadshow scheduled to begin June 4 and share pricing targeted for June 11. A 5-for-1 stock split is completing by May 22, adjusting the internal per-share value from $526.59 to approximately $105.32 — a move widely interpreted as lowering the entry price ahead of listing to broaden retail accessibility. Musk has reportedly directed that up to 30% of IPO shares be reserved for individual investors, an unusually high retail allocation for a deal of this magnitude.

What SpaceX Actually Is Now

SpaceX merged with Musk’s AI venture xAI in February, creating a combined entity that now encompasses the Falcon 9 rocket program, the Starlink satellite internet service, the Starship development program, and xAI’s artificial intelligence platform. The company generated between $15 billion and $16 billion in revenue in 2025, with Starlink — which now serves more than 9 million users globally — serving as the primary growth engine. At the targeted $1.75 trillion valuation, the deal implies a revenue multiple of approximately 109 to 116 times trailing sales — a figure that reflects growth expectations rather than current fundamentals.

BlackRock is reportedly in discussions to invest between $5 billion and $10 billion in the offering, which would represent one of the largest anchor commitments in IPO history. The deal’s dual-class share structure will preserve Musk’s voting control following the listing.

The Context: A Record That Puts Everything Else in Perspective

SpaceX’s targeted raise of $75 billion is more than double Aramco’s record. It is more than the combined IPO proceeds of the ten largest US technology listings in the past decade. The valuation of $1.75 trillion would immediately place SPCX among the ten most valuable publicly traded companies in the world on its first day of trading.

The deal follows Cerebras Systems’ blockbuster Nasdaq debut last week, which saw shares surge nearly 90% on the first day of trading and briefly pushed the company’s market cap above $100 billion. That listing, itself the largest US tech IPO since Uber in 2019, now looks like a warm-up act.

What It Means for Smaller Investors and the Broader Market

For small and microcap investors the SpaceX IPO is relevant on two levels. First, the deal’s scale and the retail allocation represent a genuine opportunity for individual investors to participate in a listing that institutional capital will compete aggressively to access. Second, a successful SpaceX debut at or near the targeted valuation would validate the current wave of AI and space technology investment theses — and create a rising tide for smaller companies operating in adjacent spaces.

Domestic satellite technology providers, aerospace component manufacturers, launch infrastructure companies, and AI hardware suppliers in the sub-$2 billion market cap range have historically seen multiple expansion in the wake of high-profile sector listings. SpaceX going public at $1.75 trillion would be the most powerful sector validation signal the space and AI technology markets have ever received.

OpenAI and Anthropic are both reportedly preparing IPO filings for later in 2026. The window is open and the market is paying attention.