The Transcript @TheTranscript_

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3 hours ago

$MRVL CEO: Marvell intends to return more than half its free cash flow to shareholders "We're going to continue to fuel the growth of company, and that's going to be both through organic investments and inorganic investments. And we're committed to returning greater than 50% of our free cash flow on average over time, and that's all while maintaining a strong and flexible balance sheet."

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6 hours ago

$TSM TSMC CEO: " And capital intensity-wise, as we always said, if do our job right, the increase in revenue will outpace the increase in CapEx, and that is still the case from what we are looking at."

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7 hours ago

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3 days ago

$TSM TSMC CEO: "The gap between demand and supply are still quite big, and that is why we put all our strengths to increase the capacity, as I just mentioned. Whether it is bigger or if the gap become bigger or the gap become narrow, we are working very hard. I cannot answer this question right now because my customer continue to increase their demand."

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8 hours ago

$ASML CFO says they have negotiated price increases on its most critical equipment, with initial benefits in 2027 and fuller realization from 2028. "Those conversations have been completed and have indeed led to pricing increase for what we call the most critical products for our customers. So that has been done. We also -- and you made reference to it, as we said in the prepared remarks, this is not going to have an impact on '26. You will see some impact on '27, but I would say that the full impact of that is really going to start in '28."

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9 hours ago

$LVMH CFO Cécile Cabanis: "In the third quarter, specifically, Asia was penalized by a sharp macro-led deterioration in Chinese consumer sentiment with tangible impact on discretionary expenses, which explain the mid-single-digit decline that you see."

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2 days ago

$ASML CEO: "Supply shortages across advanced Logic and Memory nodes continue to increase in size and in time horizon. Against this backdrop, we had very constructive discussions with our customers throughout the quarter and the demand signals we have received have continued to strengthen"

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2 days ago

Analysts pressed Bank of America executives over the stock's 7–8% decline following earnings this week. They questioned investor confidence and sought reassurance on regulatory costs and profitability targets. $BAC $UBS

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11 hours ago

$FAST: "Sales grew 15.5%, earnings grew faster than sales. Our net sales were $2.46 billion, up $330 million from last year.”

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13 hours ago

$BAC Bank of America expects annual AI efficiency benefits to increase from $250M–$300M in 2026 to $700M in 2027. : "We're about 130 different projects implemented. All of them have a payback in the very detailed projects. None of them are huge contributors. Overall, the benefits are 2 to 3x over time of the expense you're giving out"

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16 hours ago

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a day ago

$MS Morgan Stanley CFO on how AI adoption is already reducing manual finance workloads: "What we're seeing is remarkable. The reconciliation that you can see across different books, things that usually take so many manual human hours and can have -- obviously, there are controls in place, but the ability to see it with fewer errors and fewer mistakes and fewer checks is real"

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24 hours ago

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2 days ago

$JPM CEO: JPMorgan stress-tests extreme economic scenarios rather than attempting to predict the next downturn. "We don't guess at that. We prepare for low rates, high rates, stock prices down 40%, credit spreads going up, bond rates at 8%, high yield at 15%. And JPMorgan can handle all of that. We don't guess how we run the company. And the reason we try to handle all is so we can serve you in good times and bad times, that you don't have to worry about us. We take a lot of risk, but it's analytical risk, and we try to protect ourselves from the fat tail."

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a day ago

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a day ago

$TSM TSMC CEO: Overseas manufacturing expansion is expected to dilute gross margin "We did mention before that the latter part of the five-year period, the margin dilution from overseas fab will be 3 to 4 percentage point, and that still remains the case. So it is 3 to 4 percentage point in the second part of the five-year period."

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a day ago

$MRVL CEO: Custom silicon revenue is projected to exceed $12B in FY2029, above the previous $10B target, before reaching approximately $30B in FY2031. "We now expect custom revenue in FY '29 to more than triple from FY '28, reaching more than $12 billion and putting us well above our prior $10 billion target. Now this update to our expectation is primarily driven by the rapidly expanding XPU attach opportunity we see in front of us, including the strategic agreement that we announced in August."

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a day ago

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a day ago

$LVMH CFO Cécile Cabanis rejects aggressive price cuts at Louis Vuitton "We've been seeing and having debates on what could be some more drastic immediate moves like price cuts. We don't believe this is something that is advisable because whatever you do, you need to keep in mind the desirability of your brand and making sure that what you do can endure momentum for the next cycle to come."

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a day ago

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a day ago

$JPM CEO Jamie Dimon: "You want to try something humbling? People think they’re very smart. Take home an annual report, rip out the pages that show the stock price, and then say what you think it’s worth. He did this with me a couple of times. Pick a company you might understand...Say what you think it’s worth, and you’ll be shocked how wrong you are. It’s humbling how you value something, and it’s intellectually challenging."

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a day ago

The U.S. government will receive ~4% equity in GlobalFoundries, alongside a restructuring of previously awarded CHIPS funding. "Separately, the U.S. Department of Commerce will receive an equity stake in GF of approximately 4%." $GFS