The AI buildout, week of Sep 20, 2026

The engine formed 97 views this week: 34 bullish, 29 bearish, 34 neutral. It proposed 9 buys and no sells. The strongest views: MU: This is the cleanest inflection I have seen in the buildout. Gross margin went 38 to 45 to 56 to 74 to 85 percent in five trailing periods, operating margin 23 to 80, and TTM EPS doubled from 21.18 to 44.17 in a single quarter. The stock nearly doubled and the P/E still fell to 20x, so price is chasing, not anticipating. Leverage is going the right way too: D/E 0.32 down to 0.06 with 23 dollars a share of free cash flow. When numbers accelerate this hard against a falling multiple, you press. SKHY: Reports in non-USD so I am judging margins, returns, growth and leverage, not the multiple. Gross margin has gone 54 to 57 to 69 to 79 to 83 percent in five quarters while operating margin nearly doubled from 41 to 76 percent, with TTM revenue up 157 percent. ROE climbed from 46 to 62 percent and debt/equity fell from 0.28 to 0.08, so this is self-funded acceleration, not levered. That is a memory cycle inflecting hard and the trend is still steepening. AVGO: Operating margin has climbed every single period, 38 to 42 to 45 to 49 to 54 percent, and that is the tell: this is operating leverage on a revenue line growing 86 percent. TTM EPS went from 6.00 to 7.83 in one quarter while the multiple compressed from 63 to 44, so the price moved sideways while earnings ran. Leverage is going the right way too, D/E down from 0.88 to 0.60, and current ratio up to 2.50. Accelerating numbers into a de-rating multiple is the setup I want.