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A 94% increase in fiscal fourth-quarter revenue from Forget Power Solutions (FPS), an artificial intelligence infrastructure stock also described as an IT distributor, sent shares up 20% for the week even as a Federal Reserve interest-rate hike commanded most of the week's attention.
The revenue report was Wednesday's. Earnings attention now turns to Darden Restaurants and Costco.
Rate increases compress the multiple on growth names, and AI infrastructure stocks have been on the crowded side of positioning long enough that a tightening cycle raises real exposure for the category.
The 20% weekly gain reflects a tape that decided the 94% revenue print outweighed the policy move. The 94% year-over-year increase in fiscal fourth-quarter revenue is the figure in focus.
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