Catalyst calendar
The repricing schedule is mostly public if you actually look at it.
AllI · HBM & memory bandwidthII · Advanced packaging & CoWoSIII · Lithography & EUV opticsIV · Leading-edge foundryV · Power, grid & generationVI · Liquid cooling & thermalVII · Optical interconnect & networkingVIII · Substrates, resist & wafer materialsIX · Accelerators & the capex layerX · Private giants & exposure vehicles
September 2026
- 30mediumProgramOPENAIOpenAI IPO listing window opens (Q4 2026 target)OpenAI confidentially filed its S-1 around June 8, 2026 but has explicitly not committed to timing. A listing — whenever it lands — would be the largest tech IPO ever and reprice every private-AI exposure wrapper. The date here is a speculative placeholder, not a confirmed event.
October 2026
- 01mediumProgramANTHROPICAnthropic IPO pricing window (later-2026 target after June 1 S-1)Anthropic filed confidentially around June 1, 2026; trade-press expectation is a later-2026 listing, but no date is set. Pricing would mark the second mega-cap AI pure-play into public markets. The date here is a speculative placeholder.
Past
- 2026-08-07SoftBank Group Q1 FY2026 results (quarter ended June 2026)
- 2026-07-28Microsoft FY2026 Q4 earnings (after close)