Powerpei

Hundreds of billions in market cap evaporated in one day
Friday was wall-to-wall with “SpaceX declares war on traditional telecom”
T-Mobile fell 13%, Verizon and AT&T collapsed along with it, and the comments section was already writing the carriers’ obituaries
But I noticed something that didn’t quite add up while watching the market
Tower companies were rising
Crown Castle and American Tower were both up that day
Think about it
If the market really believed satellites were going to wipe out cell towers, tower companies should have fallen too
The fact that they rose shows exactly what investo

Synopsys rose nearly 5% yesterday and released several updates at its Investor Day
What caught my attention most was the buyback
It plans to repurchase approximately $1 billion of its own stock over the next few months, and then allocate up to 50% of its free cash flow to buybacks
For an EDA company, that is a strong signal
Companies like this previously preferred to pour money into R&D and acquisitions. Now, they are willing to return half of their free cash flow to shareholders, which suggests management believes the company is undervalued.
The fiscal 2027 revenue target was also raised to 1