Fabrinet Beats and Tanks, Weave Gets Acquired, Amylyx Scores Trial Win

Fabrinet reported record revenue and still fell sharply because the market’s expectations for AI hardware had gotten very high.

Francisco Partners is buying Weave Communications, and Amylyx won a Phase 3 trial in a condition with no existing treatment. Today’s edition has the full picture and every name that moved.

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You’re looking at one mature healthcare giant where the CEO just made a rare seven-figure open-market purchase and one software company still digesting a massive post-earnings rerating. Elite Trade Club Insider readers are seeing the distinction underneath the filings: one executive voluntarily committed fresh capital, while roughly $1.5 million of software-insider selling was mostly tied to taxes and vested stock.

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Fabrinet reported Q4 revenue up 45% year-over-year to $1.316 billion and EPS of $4.10, both well above guidance — then fell nearly 20% because Q1 EPS guidance implies a sequential decline, free cash flow turned negative as capex surged, and the stock had already run 25% in the month heading into the report; Marvell, Amphenol, Coherent, and Lumentum all sold off in sympathy.

The WSJ separately reported that nine top tech companies carry roughly $3 trillion in off-balance-sheet AI commitments — the kind of headline that reframes the AI debt story from “growth” to “liability” when the 30-year Treasury hits a 19-year intraday high at 5.289%.

Klarna cut its 2026 revenue guidance below Wall Street estimates despite strong Q2 results, sending the stock to its worst session since February as the buy-now-pay-later model runs into elevated borrowing cost headwinds.

Anthropic’s annual run rate came in at $65 billion at the end of July — impressive, but below the $80 billion-plus figures investors had been circulating — with NVIDIA reporting next week as the next major AI capex data point.

UGI has received a $9 billion takeover offer from KKR, with the proposed $42.50-per-share price valuing the natural gas and electricity distributor at a 21% premium to Monday’s close.

The bid comes as surging electricity demand from AI data centers and other large power users increases interest in dependable energy infrastructure, putting UGI’s natural gas and utility operations in the middle of a major private-equity deal.

Chevron agreed to sell a 17.4% stake in an offshore Namibia exploration license to Equinor, bringing the Norwegian energy company into the country’s Orange Basin for the first time.

The license includes a drill-ready prospect scheduled for testing in 2026, while Chevron retains exposure through its subsidiary, Harmattan Energy, after reducing its previous 52.5% interest in the offshore block.

Apple is changing its European App Store structure, introducing a 5% commission on digital transactions for apps distributed through alternative marketplaces or the web as it works to settle a long-running dispute with European regulators.

The new terms take effect October 1 and also replace several existing charges, while apps using alternative payment processing inside the App Store will face a 20% commission that can fall to 10% for qualifying small businesses.

Comcast is expanding beyond traditional broadband with a new Xfinity Shield security platform that combines Wi-Fi protection, cybersecurity, family controls and movement detection through connected devices inside the home.

The basic service comes at no additional cost for Xfinity Internet customers, while a $15 monthly tier adds an indoor camera, sensors, cloud video storage and round-the-clock urgent response as Comcast looks to deepen customer ties.

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L3Harris Technologies demonstrated new communications and electronic warfare systems during the U.S. Army’s Project Convergence exercise, connecting sensors, command networks and battlefield systems across multiple domains.

The demonstration included Link 16 integration aboard Black Hawk helicopters, the Deceptor electronic warfare payload and counter-drone technology as L3Harris pushes more of its communications and sensing systems toward future Army deployments.

DLH Holdings was selected for a major U.S. Navy cyberspace services contract covering technical work across cybersecurity, systems engineering, software development, modeling and other digital capabilities.

The seven-year contracting vehicle carries a combined ceiling of $400 million across 29 prime contractors, allowing DLH to compete for individual Navy task orders supporting tactical, operational and strategic cyberspace systems.

Profusa [PFSA] $27.48 (+506.62%)

Profusa makes biosensors that continuously measure glucose and metabolic markers by embedding a sensor thread under the skin — a direct analog to the kind of metabolic intervention Amylyx just validated in its PBH trial.

The stock ran 500% today as sector attention on post-surgical metabolic conditions swept through tiny names in the monitoring space. At $600K in total value and over 137x average volume, this is speculative positioning, not fundamental repricing.

IP Strategy Holdings [IPST] $15.76 (+113.26%)

IP Strategy Holdings is a consumer non-durables company with a patent licensing and IP monetization strategy. The stock doubled on 2.98x relative volume— measured for a micro-cap running 113% — suggesting institutional or strategic buying rather than pure thin-float mechanics.

Today’s numbers: $15.35, +107%, 31.28 million shares, $5.33 million total value.

Super League Enterprise [SLE] $5.50 (+82.12%)

Super League Enterprise builds digital entertainment platforms and metaverse-adjacent gaming experiences.

The stock ran 80+% on 21.78x relative volume as digital entertainment names caught momentum alongside today’s sector attention on technology companies with differentiated platform positioning outside the AI hardware stack that was getting crushed everywhere else.

Klarna [KLAR] $15.06 (-22.89%)

Klarna reported strong Q2 results and simultaneously cut its 2026 revenue guidance below Wall Street estimates — and the guidance cut is what investors remember.

The buy-now-pay-later model thrives in low-rate environments where consumer credit is cheap; at the rate levels of 2026, the business faces structural headwinds on both borrower demand and funding costs. Today was Klarna’s worst session since February. Buy rated.

Digital Brands Group [DBGI] $10.90 (-20.81%)

Digital Brands Group operates fashion brands including DSTLD and Bailey 44. The stock fell 20% today on 0.45x relative volume — light enough that a single exit created the entire percentage move.

The company has been cycling between sharp up-and-down sessions throughout the summer as positioning has been more directional than any business development has warranted.

Fabrinet [FN] $472.59 (-19.38%)

Fabrinet reported a record quarter: revenue up 45% to $1.316 billion, non-GAAP EPS of $4.10 versus expectations of $3.81. Still fell nearly 20%. The problem is deceleration: Q1 EPS guidance implies a sequential step-down, free cash flow went negative for the first time in years as capital expenditures surged, and the stock had run 25% in the month leading in.

When the setup is already priced for continued acceleration, a quarter that’s great-but-slowing reads as a miss. Buy rated.

One analyst says investors should consider rotating out of overpriced AI leaders and into smaller names with more room to run.

His top idea is a little-known company that recently partnered with Nvidia and could gain an edge in the autonomous vehicle market.

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— Adam G.
Elite Trade Club

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