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Click here to read this on StonyFinLab.org
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Featured Story
Dell Technologies: Navigating the AI Infrastructure Wave from a Position of Hold
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Analyst: Analyst: Maliha Tabassum* Research Assistant: Isla Wang* Research Aides: Nysa Maru, Ashley Yeung*
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Dell Technologies is transitioning from a commodity PC manufacturer to a key player in AI infrastructure, with significant revenue growth projected at $192 billion for the fiscal year. The company boasts a $95 billion backlog in AI-optimized server orders, driven by enterprise demand and partnerships with NVIDIA. Despite its growth potential, the firm faces challenges including margin compression and reliance on hardware sales, leading to a current investment recommendation of Hold.
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Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
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The personal consumption expenditures price index reported a core inflation rate of 3.0% in August, which is significantly lower than the anticipated 3.3%. This contrasted with the headline annual gain projected at 3.7% according to Dow Jones consensus.
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Their jobs were among the first to be changed by AI. Now some are trying to avoid it
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CNN reported on October 5, 2026, that some tech workers resist AI coding tools over concerns about software quality, unreliable code and declining problem-solving skills, fearing dependence on automation undermines trust, professional expertise and the core craftsmanship of software engineering.
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If Everyone Has AI, Where Does Alpha Come From?
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CPP Investments argues that as AI makes sophisticated investment analysis widely available, competitive advantage increasingly depends on human judgement, making investors’ interpretation and decisions central to generating superior investment returns.
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Help Wanted: Humans
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A recent study reveals a surprising trend where one-third of managers have rehired the human workers that AI was expected to replace. This raises questions about the sustainability of this shift back to human labor in the face of advancing technology.
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Recommended Video or Podcast
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1.Podcast:
Bitcoin's Q4 Impact: Insights from Jordi Visser:
[Click here]
In this episode of The Pomp Podcast, Jordi Visser shares his insights on the potential surprises Bitcoin may bring in Q4. He explores market trends and offers expert analysis on what investors should watch for.
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2.Podcast:
The Role of AI in Transforming Financial Services:
[Click here]
This episode from Knowledge at Wharton explores the transformative impact of artificial intelligence on the financial services sector. Experts discuss how AI technologies are reshaping operations, enhancing customer experiences, and driving innovation in finance.
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3.Podcast:
Signing Superstar Athletes: Business Impacts and Opportunities:
[Click here]
Kenneth Shropshire, emeritus professor at the Wharton School, examines the business dynamics and community influences associated with signing high-profile athletes such as LeBron James. He highlights the expectations and opportunities that arise when engaging superstar talent.
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4.Podcast:
Asset Returns and Consumption: A Research Overview:
[Click here]
This podcast discusses the research article 'Consumption in Asset Returns' by Svetlana Bryzgalova, Jiantao Huang, and Christian Julliard, published in The Journal of Finance. It explores the relationship between consumer behavior and asset returns, highlighting key findings from the study.
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5.Podcast:
Exploring Operating Hedges and Profitability Premiums:
[Click here]
The study explains how variable production costs hedge cash flow risk, with weaker protection for more profitable firms generating higher expected stock returns and illuminating the gross profitability premium mechanism.
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Conferences & Events
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ILPA Summit
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Date: November 3-5, 2025 | Location: New York, USA
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The ILPA Summit features LP-only conversations, cohort-based learning opportunities, curated GP engagement, flexible networking, and timely educational programming. It's designed to strengthen connections among limited partners and enhance industry knowledge.
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Center for Emerging Markets annual conference
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Date: November 6, 2026 | Location: New York City, USA
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The 2026 Cañizares Center for Emerging Markets Annual Conference will focus on contemporary topics in emerging markets, bringing together scholars, practitioners, and thought leaders. It will be held at Uris Auditorium, Weill Cornell Medicine, facilitating discussions on pivotal economic trends and research advancements.
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Discounts and Support Us
• Recommended publications
Weekly finance reading: Barron's (Student offer: $2/week for one year).
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• Recommended financial apps
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Stock and ETF trading and investing (Join via the link to get up to 20 free shares): Webull.
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Crypto trading and investing (Join via the link to get $30 in BTC): Coinbase.
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Stock and ETF technical analysis tool (Join via the link to get $15 off your subscription): TradingView.
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Acknowledgements & Support
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Thanks to our members and volunteers (Maliha Tabassum, Michelle Jiang, Yuelin Peng, Yilin Zhou) for contributions to this newsletter.
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To share information or research with the community, submit it through 'Share' below. We will include it if the content is deemed appropriate.
Support our efforts to make free and useful financial education content by donating to @stonyfinlab via Venmo!
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Stony Finance Lab is a community-driven finance network that aiming to promote personal financial responsibility and helping the community achieve financial confidence and intelligence through life-long learning. The newsletters are to share news and information on finance research, events, and jobs related to personal finance, investments of financial and digital assets, academic finance, and entrepreneurship. All newsletters are for information sharing only and shall not be deemed as financial advice. The Lab is not liable for the consequence of using any information contained in the emails.
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