Ciena ($CIEN) podcast mentions
Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. Good afternoon. Today is Thursday, September 3rd, and I'm your host, Kim Kahn. Our top story so far: Ford aims to sell more than 100,000 units of its new electric truck in the first year of production, The Wall Street Journal reported. The starting price for the truck, called the Ford Fathom, will be nearly $30,000. Ford will begin taking customer orders early next year. Besides Tesla, no other automaker has sold 100,000 units of a single EV model in the U.S. in a year. Tesla sold about 357,000 Model Y SUVs in 2025 and more than 190,000 Model 3 sedans. Ford executives say Fathom's price tag, which is similar to mainstream sedans and SUVs, along with its design, will help drive sales. Fathom trucks will include Apple Maps built into their navigation system and Ford's BlueCruise hands-free driving system. The Fathom will also have more passenger space than the best-selling Toyota RAV4 SUV. Among active stocks, after a week of speculation, NVIDIA sealed the deal for Hugging Face, agreeing to pay $12.9 billion for the AI platform. Hugging Face will remain an open platform for the entire AI ecosystem, NVIDIA CEO Jensen Huang said. Snowflake is rallying more than 20% after the data warehousing company reported Q2 results and guidance that topped forecasts. Snowflake said it expects product revenue of between $1.588 billion and $1.593 billion, above the $1.51 billion estimate. Adjusting operating margin is forecast at 15.5%. Ciena is higher after the optical networking company reported better-than-expected results and guidance. CEO Gary Smith said AI continues to drive compounding waves of network investment. And Campbell's is slumping after missing revenue estimates for Q4. The company said top-line softness and inflation-driven margin headwinds were factors. Campbell's also cut its quarterly dividend to $0.25 per share from $0.39. In other news of note, New York City, the largest U.S. school district, is imposing a 1-year moratorium on students using generative artificial intelligence in public elementary and middle schools. The policy, which will take effect in the 2026-27 school year and impact nearly 600,000 public school students, as AI use for students in 2K through 8th grade. This includes all software that uses student-facing generative AI. Companion chatbots will be banned across all grades.
Kim Kahn · Wall Street Breakfast · Ford bets big on $30K electric truck · 2026-09-03