MaxLinear

The whole story now depends on AI infrastructure spending staying strong.

Nokia and MaxLinear are also worth watching.

Nokia's AI and cloud business has been growing rapidly, but investors want to see that translate into stronger cash flow.

MaxLinear's optical data center business has been on a tear, with management repeatedly raising expectations as demand for faster connectivity keeps building.

Friday finishes with American Express and SLB before the open, giving us one more read on the consumer and global energy spending before the weekend.

Looking at the volatility board, MaxLinear sits near the top, followed by names like MetPace, Gentherm, Pegasystems, and RingCentral.

So even away from the mega cap names, there are plenty of stocks where the market is expecting real movement.

And looking at the monthly calendar, this week is only the middle of the earnings wave.

Here's a smaller hardware signal with a long runway.

MaxLinear has announced Topaz, a family of systems on chip for fiber, ethernet, and fixed wireless gateways.

The company says Topaz combines broadband packet processing, local AI acceleration, and hardware security functions.

The announced platform supports 10 gigabit passive optical network deployments, DDR5 memory, 25 and 50 gigabit connectivity, and low latency networking.

MaxLinear also describes infrastructure intended for future Wi-Fi 8 products and hardware readiness for post-quantum cryptography.

The proposed local AI jobs are practical rather than flashy.

Network diagnostics, security, and quality of service management inside the gateway.

They're kind of like settling into that chain.

So next up, let's talk about MaxLinear, another interesting AI connectivity story.

Their revenue jumped 55% year over year in Q2.

Again, these numbers are pretty incredible from the second-order AI companies.

The optics plays are awesome.

The fiber plays are awesome.

MaxLinear is in that world.

They supply the silicon inside of those connections.

In reality, 16 of the 50 best performers in the index are semiconductor and chip equipment firms.

Companies like MaxLinear and Airtest Systems are up 250 and 380% respectively this year.

You didn't dodge the AI boom, you bought the companies that sell it cables and testing gear.

Or, maybe you're a sensible value investor, you don't touch overpriced growth stocks, you bought the Russell 1000 value index, and right now you feel pretty clever because value is up about 20% this year, while the growth index has actually fallen.

And do you want to buy this one based on that fundamental standpoint? Because it's a strong buy in the quant.

Again, he goes over AMD SanDisk and MaxLinear.

Now, I want to point out that on the dip list, if we just go back to the dip list, delhistockpick.app. And we open up the desk and you just look down on the dip list.

Where's AMD? Back here, September 14th.