Twilio Joins The S&P 500 As Two Chip Suppliers Hunt For A Floor

Twilio's S&P 500 debut, a Cirrus Logic deal, ACM Research's backlog and a Kratos space win.

October 11, 2026

One software name nearly doubled this year and just joined the S&P 500. Two chip suppliers are trying to find a floor after brutal pullbacks, and a defense name just booked $100 million in space work near its 52-week low. Here's how to approach each one before their late-October prints.

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Enterprise Hardware

Logitech Launches Its Next Generation of Meeting-Room Hardware

Logitech International (NASDAQ: LOGI) has launched a new range of video collaboration hardware led by the Rally Bar 2. The all-in-one device combines a redesigned camera, upgraded audio, room sensors, and stronger on-device processing.

A new Qualcomm chipset provides four times more edge AI processing power than several competing video bars, according to Logitech. Its one-inch imaging sensor, six microphones, and Right Sound 3 technology improve video clarity and separate voices from background noise.

Larger Rooms Get a Modular System

Rally System 2 Pro brings the same technology into training rooms, event spaces, and other complicated layouts. The modular system combines multiple cameras, microphones, speakers, displays, and a RoomMate 2 Pro computing unit.

Standard category cables carry power and data between the components, reducing the need for specialized installation. Right Sight 3 can switch between several cameras to provide a closer view of whoever is speaking.

Sound Moves Around the Room

Logitech’s new Sound Shape technology directs focused audio toward listeners while limiting reflections from walls, glass, and ceilings. Rally Speaker 2 Pro and Max can deliver clearer sound across large or divisible rooms.

Tap IP 2 and Tap Scheduler 2 add brighter displays, faster processing, and improved room-booking controls. The portfolio supports Microsoft Teams, Zoom Rooms, and Google Meet while giving technical teams one system for managing meeting spaces.

Data Center

Astera Labs Builds Faster Connections for Next-Generation AI Systems

Astera Labs (NASDAQ: ALAB) has launched its Aries 7 connectivity portfolio for next-generation AI and cloud data centers. The technology is designed to move information faster between processors, accelerators, memory, and other computing components.

AI servers increasingly combine large numbers of specialized chips inside tightly connected systems. Those chips need high-speed links that can move growing volumes of data without creating performance bottlenecks.

Copper and Optical Connections

The Aries 7 portfolio includes smart retimers, redrivers, cable modules, optical drivers, and optical transimpedance amplifiers. Together, these products support both copper and optical connections across different parts of a data center.

Astera says the technology can cover distances ranging from short circuit-board traces to optical links extending more than 50 meters. That range allows PCIe 7 connections to operate inside servers and across separate equipment racks.

Software Watches Every Link

The company is pairing the new hardware with its COSMOS software platform to monitor and manage connectivity. COSMOS can diagnose problems and dynamically adjust links to maintain stable performance across complex computing systems.

Astera plans to begin sampling Aries 7 products to selected customers during the fourth quarter. The launch positions the company to supply critical connectivity technology as AI infrastructure becomes larger, faster, and more distributed.

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Consumer

Amazon Launches Its First Tablets With Full Android

Amazon (NASDAQ: AMZN) has launched three Alexa Tablets built around full Android and direct access to the Google Play Store. The lineup includes the Alexa Tablet 8, Alexa Tablet 11, and flagship Alexa Tablet 12 Pro.

The change removes one of the biggest limitations of Amazon’s older Fire devices. Popular apps including Gmail, YouTube, Netflix, and Google Docs can now run alongside Kindle, Prime Video, Audible, and other Amazon services.

Premium Hardware Moves In

The 12 Pro features a 12-inch display, 120Hz refresh rate, aluminum body, Wi-Fi 6E, and up to 16GB of memory. Amazon says its new processor delivers nearly three times faster computing and nine times faster graphics than its previous tablets.

The smaller models also receive aluminum construction, high-resolution screens, eight-core processors, and longer battery life. Prices start at $229.99 for the Tablet 8 and reach $549.99 for the Nanomatte 12 Pro.

Alexa+ Watches the Screen

Alexa+ is built directly into every model and can provide contextual help based on information displayed on the screen. The assistant can summarize pages, compare options, add events to a calendar, control smart-home devices, and continue hands-free conversations.

On-Screen Intelligence remains disabled until the owner activates it, with a visible indicator showing when Alexa has access. Amazon is moving beyond budget tablets with a stronger operating system, better hardware, and an assistant tied closely to everyday tasks.

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Recent Tech Movers

ACM Research (NASDAQ: ACMR)

Backlog update meets a sharp pullback

ACM Research builds wafer cleaning, plating and packaging tools, and most of its sales go to Chinese chipmakers expanding under Beijing's self-sufficiency push. Its Shanghai subsidiary published fresh backlog figures on September 30, but the stock still fell 8.5% on October 5 and sits well below its 52-week high.

That's the tension you're weighing. Chinese fab spending has held up through every round of US export curbs so far, yet investors keep selling the stock on any sign the build-out is peaking.

Management presents at an investor summit on October 13, and Q3 results are expected around October 28. If the backlog converts into revenue on schedule, this pullback looks like an entry. If it doesn't, the selling has room to run.

Cirrus Logic (NASDAQ: CRUS)

A small deal to widen the playbook

Cirrus is Apple's long-time audio and haptics chip supplier, and that concentration is exactly why the stock has struggled. Shares sit near their 52-week low and more than a third under their high.

On October 6, Cirrus bought INVENTVM, a fabless chip designer in Pavia, Italy that specializes in mixed-signal power management and audio chips. It's small, but it adds engineers and IP in the power-management market Cirrus has been pushing into to cut its reliance on one customer.

Cirrus reports fiscal Q2 around November 4. You want to hear how much of the pipeline sits outside Apple and whether pricing pressure is squeezing gross margin. A debt-free balance sheet gives you a cushion while you wait.

Twilio (NYSE: TWLO)

From turnaround to S&P 500 member

Twilio sells the messaging and voice infrastructure companies use to reach their customers, and it has been one of 2026's best software comebacks. The stock is up about 97% this year and joined the S&P 500 on October 6.

The index add came with a 6% pullback on day one, a classic sell-the-news move. Jefferies says investors now care most about whether gross profit growth holds up in Q3. HSBC went the other way in September with a Reduce rating and a $211 target.

Twilio reports October 29 after the close. Shares sit close to their high, so the bar is set. A gross profit beat keeps the run going. A miss hands you a better entry.

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Speculative Play

Kratos Defense (NASDAQ: KTOS)

Space intelligence contracts give the story real revenue

KTOS has been a story stock for years. That changes with KnownSpace.

On October 5, Kratos announced contract awards totaling more than $100 million to build prototype mission applications and cyber tools that deliver space intelligence data for joint operations. The work runs on KnownSpace, Kratos' global network of radio-frequency sensors that tracks activity in orbit.

This isn't a bet on Valkyrie drone production ramping overnight. It's a bet that the space and cyber business gets more credit now that KnownSpace is turning into contract flow. Q2 revenue grew 30.5%, and backlog sits around $2.1 billion, yet the stock sits near its 52-week low and far off its high. Q3 results land around October 29, so size this as the speculative position it is.

Everything Else

That's our coverage for today; thanks for reading! Reply to this email with feedback or any tech stocks you want me to check out.

Best Regards,
—Noah Zelvis
Tech Stock Insider