Overview
- Comfort Systems reported a 15.5% sequential backlog increase and said opportunities for AI data-center work show no let-up.
- Teradyne said third-quarter semiconductor test sales exceeded expectations and guided to a 25% sequential revenue jump driven by AI-related SoC demand.
- A Motley Fool survey found 90% of retail investors plan to buy or hold AI stocks in 2026.
- Warren Buffett exited with a cautious stance, trimming holdings, halting Berkshire buybacks since Q2 2024, and ending Q3 with a record $381.7 billion in cash, even as a new Alphabet stake was initiated.
- Market gauges flag rich valuations, with the Buffett Indicator at 222%, the S&P 500 price-to-sales ratio at 3.3 versus a 1.6 median, and the Shiller P/E near 40, prompting calls to favor cash-generating AI leaders for the long term.