SpaceX (SPCX) more than doubled its quarterly revenue last quarter, and that wasn’t even the biggest headline from its report.

CEO Elon Musk said that merging the space company and Tesla (TSLA) is a good idea, and both boards have formed special committees to explore it. The blowout quarter lifted Rocket Lab (RKLB) and Firefly Aerospace (FLY) too — not to mention expectations for Tesla and fellow Mag 7 titan Meta Platforms (META), both of which report after the bell today.

Musk likened the talk to tap dancing through a minefield. Longtime Tesla shareholders would just call it your average earnings week.

— Brooks & The Street Sheet Team

📈 | Capital One (COF) grew Q3 net income to $3.5B, or $5.61 per share.

📉 | Netflix (NFLX) slashed its 2026 revenue forecast to the low end of its prior range.

📈 | United Airlines (UAL) missed Q3 estimates, but noted passengers keep booking, despite higher fares.

📉 | AT&T (T) slid despite an earnings beat, as capex guidance ran slightly above expectations.

📈 | Super Micro Computer (SMCI) hiked its fiscal Q1 revenue outlook.

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Every gold rush needs shovels.

Barron's thinks one of AI's best is Qnity Electronics, a year-old DuPont (DD) spinoff that sells chipmakers polishing pads, photolithography materials, and heat-management gear.

The pitch is valuation. Qnity trades at about 24x forward earnings, while rival Entegris (ENTG) fetches roughly 33x on similar growth expectations. Barron's thinks closer to 30x is fair. Translation: the shovels are on sale.

Chips keep getting smaller, denser, and stacked higher. More complexity means more Qnity business per chip, pointing to above-average sales growth for years.

The early returns seem to support this thesis. Qnity has beaten sales and earnings estimates in all three quarters as a stand-alone company, each with at least 33% EPS growth. Analysts keep raising the bar, and Qnity keeps clearing it.

So why the discount? Fermium Research's Frank Mitsch blames neglect. Just 10 analysts cover the stock, versus an S&P 500 average of 25.

The ones who do are bullish. Mitsch sees $175 a share, while RBC Capital Markets (RY) analyst Arun Viswanathan targets $189 on Qnity's advanced-node exposure. Shares still sit below their July peak.

Only a handful of analysts are currently on the case. How long before the rest of the Street takes its cue?

🛡️ | AI helped uncover a PHP security flaw that puts up to 70% of websites at risk.

📡 | Low-cost broadband provider Jio Platforms launched what could be India's biggest-ever IPO.

⚖️ | A New Mexico judge ordered Meta Platforms to pay $25B in penalties over its Cambridge Analytica case.

🏛️ | Berkshire Hathaway (BRK.B) beat chip stocks by 22 points in 12 sessions, the widest gap since 2010.

📱 | First reviews for the Apple (AAPL) iPhone Duo are rolling in. The verdict? Fun, flawed, and very clearly 1st Gen tech priced at a $2K premium.

Do you own any shares of CoreWeave (CRWV)?

▇▇▇▇▇▇ 🐂 Yup, I’m holding

▇▇▇▇▇▇ 🐻 Nope, not interested

▇▇▇▇▇▇ 👀 No, but I’m interested

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