$ALABB • Cup and handle breakout 👀
Built a cup from the August high, ran back to the rim, formed a tight handle, breaking out today.
📊 AI connectivity chips for cloud infrastructure. Q2 revenue $392.4M, up 104% YoY, adjusted EPS beat by 15.9%. Scorpio X AI fabric switches entered volume production ahead of schedule and are set to become the largest product family this quarter. PCIe 6.0 is now over half of revenue, up from a third in Q1. Q3 guided to $540-560M, 40% sequential growth.
✅ Confirm close above $377.87
🟢 TP1 $436.47 (+15.5%) · TP2 $465 (+23.1%) · TP3 $490 (+29.7%)
⛔ Invalid close under $342 (-9.5%)
#stocks
Built a cup from the August high, ran back to the rim, formed a tight handle, breaking out today.
📊 AI connectivity chips for cloud infrastructure. Q2 revenue $392.4M, up 104% YoY, adjusted EPS beat by 15.9%. Scorpio X AI fabric switches entered volume production ahead of schedule and are set to become the largest product family this quarter. PCIe 6.0 is now over half of revenue, up from a third in Q1. Q3 guided to $540-560M, 40% sequential growth.
✅ Confirm close above $377.87
🟢 TP1 $436.47 (+15.5%) · TP2 $465 (+23.1%) · TP3 $490 (+29.7%)
⛔ Invalid close under $342 (-9.5%)
#stocks