Overview
- Early‑cycle supplier Comfort Systems reported a 15.5% sequential backlog increase, with its CEO describing no slowdown in data‑center opportunities.
- Teradyne said semiconductor test sales beat expectations on AI chip demand and guided for a 25% sequential sales increase in the fourth quarter.
- A Motley Fool survey found 90% of investors plan to buy or hold AI stocks in 2026, signaling ongoing retail bullishness toward the theme.
- Warren Buffett’s Berkshire Hathaway ended Q3 with a record $381.7 billion in cash after 12 straight quarters of net stock selling, reflecting caution alongside elevated market metrics such as a 222% Buffett Indicator and a near 40 Shiller P/E.
- CIO Peter Boockvar warned the AI trade is losing dominance this year, citing 2025’s data‑center‑heavy capex and calling for selectivity as winners and losers emerge.