An investment analysis of $IREN's data center strategy argues that in a supply-constrained market with tighter financing conditions, companies owning their infrastructure may have pricing power advantages over those relying on colocation, despite higher capital intensity. IREN's approach of funding construction corporately then securing financing for operational assets reduces lender risk compared to traditional project financing.
PepsiCo cut its full-year profit guidance but reported better-than-expected Q3 results, with shares rallying 3% as investors focused on improving sales trends. CNBC's Jim Cramer sees the stock as attractively valued despite secular challenges, noting the guidance cut was anticipated and the company is investing in growth initiatives to maintain revenue momentum.
PepsiCo cut its 2026 forecast and announced additional cost-cutting measures as recovery in North America lags expectations due to weak demand, high input costs, and competition from weight-loss drugs. The company faces margin pressure despite beating Q3 revenue expectations, with beverage volumes down 2% and food volumes flat in its key market.
PepsiCo beat third-quarter earnings expectations with $25.27 billion in revenue and $2.34 adjusted EPS, but lowered its 2026 core earnings per share growth forecast to 2.5%-3% from 5%-7% as it works to stabilize its struggling North America business. The company plans to raise prices 15% to offset input costs and implement structural cost reductions while investing in innovation around healthier products.