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D-Wave broadened its global presence through partnerships with NASA’s JPL, Yonsei University, and the Q-Alliance in Italy. These collaborations strengthen its ecosystem and visibility across regions but remain early in monetization impact.
Siemens
Siemens’ order-to-revenue conversion remains best-in class, supported by digitalized supply chains, rigorous project governance, and disciplined capital allocation. A sustained book-to-bill ratio above 1.1x underscores strong backlog quality, while consistent free cash flow generation (~€3 billion in Q3FY25) reinforces execution strength.
AI algorithms analyze vast volumes of customer data to provide personalized recommendations and targeted marketing, leading to improved conversion rates and customer retention. Additionally, AI tools are optimizing inventory management and logistics by predicting buying patterns and adjusting stock levels in real time, reducing waste and improving delivery efficiency
The Magnificent 7 companies have delivered mixed results in the 9MFY25. While some giants like Nvidia and Alphabet have seen significant growth, others, such as Amazon and Apple have struggled. Overall, the Magnificent 7 companies remain dominant players in their respective industries, but their performance has been varied, reflecting the dynamic and competitive nature of the tech sector.
AeroVironment
AeroVironment retains a dominant market position in small UAS platforms such as Raven, Puma, and Wasp, widely deployed across U.S. and NATO forces. The company’s technological edge, mission reliability, and long-term contract history make it a preferred supplier under ongoing DoD programs. Increasing demand for real-time intelligence, surveillance, and reconnaissance (ISR) solutions continues to drive recurring orders and upgrade opportunities.
Costco Wholesale
COST’s digital performance in Q4FY25 was very strong. E-commerce site traffic rose 27%, with sales growth led by key categories such as gold and jewelry, housewares, apparel, tires, sporting goods, major appliances, small electrics, lawn and garden, and domestics, all showing double-digit Y/Y increases. It also gained more share in big and bulky online items, helped by continued investments in Costco Logistics.
Marathon Digital Holdings
MARA’s earnings remain highly volatile and cyclical, tied closely to the movement in Bitcoin prices and network factors. The company’s BTC holdings increased 170% YoY to 49,951 coins, with a significant portion loaned, traded, or pledged under the SMA arrangement.
Becton Dickinson
BD has announced that it will combine its Biosciences and Diagnostic Solutions business with Waters Corporation in a Reverse Morris Trust structure, with a total value of $17.5bn.
The robotics industry continues to experience transformative growth, driven by advancements in artificial intelligence, automation, and machine learning. In 2025, robotics is no longer limited to manufacturing; its adoption spans healthcare, logistics, retail, defense, and consumer applications. The convergence of AI and robotics has enabled machines to perform complex tasks with precision, efficiency, and adaptability, unlocking new value across industries.
Skyworks Solutions
This competition perpetuates sustained pressure on Average Selling Prices (ASPs). To maintain margins, the company must commit considerable resources to continuous R&D and CapEx for process migration. If the effectiveness and speed of structural efficiency gains (such as the Woburn consolidation) lag behind the rate of ASP erosion, profitability could decline rapidly, undermining EPS targets and overall financial leverage.
Hennes & Mauritz
H&M has introduced the highly awaited H&M Glenn Martens collection for the first time. Glenn Martens, a Belgian fashion designer known for shaping modern fashion, has teamed up with H&M to create a collection that lets a wide range of customers enjoy his unique and creative designs.
Royalty Pharma Equity report
RP Management’s internalization in May 2025 was a transformational milestone that will deliver over $100mn in annual cash savings to the company in 2026 alone, and exceed $175mn by 2030, totalling over $1.6bn over the next ten years.