Technical Analysis of Polibeli Group Ltd (NASDAQ:PLBL)

Polibeli Group Ltd shares rose 13.9% to $9.88 after the company said it signed a non-binding MOU with Thailand-based Authaikam to jointly evaluate an AI computing center project in Thailand. The work would include info exchange, site visits, land/power assessments and due diligence, with potential power capacity up to ~100 MW; no investment decision was made.

Apollo Global Management is investing in AI hardware startups like SiFive and Hadrian, aiming to capitalize on the AI boom and infrastructure demand. The firm plans equity and debt financing, with Reed Rayman leading chip-focused efforts. Hadrian raised $1.37B in Series D, and Nvidia partnered with Apollo for a $500B AI infrastructure fund.

The US approved a potential $24.3B sale of 48 Lockheed Martin F-35 fighter jets to Saudi Arabia, including engines and support equipment. The sale, a policy shift, may alter Middle East military balance and test US commitment to Israel's military edge. Saudi Arabia has long sought the advanced jets to modernize its air force and counter regional threats, particularly from Iran.

The US State Department approved a potential $24.3B sale of 48 F-35A fighters and 49 engines to Saudi Arabia, including support equipment and training. Lockheed Martin, the manufacturer, and RTX subsidiary Pratt & Whitney are involved. The deal requires congressional review and could face opposition due to security concerns. If finalized, it would make Saudi Arabia the 20th operator of the F-35.

L3Harris Technologies (LHX) secured a $60M contract from the U.S. Air Force for C-HOBS sensors. The order supports production at its Cincinnati facility and adds to the company's record backlog of $42B. LHX's Missile Solutions division, which includes this contract, saw Q2 revenue increase 14% YoY to $1.05B. The stock has fallen 19% since July, with hedge fund ownership dropping 5% in Q2.

The Department of War allocated over $25 million to enhance counter-unmanned aircraft systems (C-UAS) for U.S. Southern Command. The funds will support interceptors, electronic warfare, and tracking capabilities. Army Brig. Gen. Matt Ross noted the task force is accelerating C-UAS deployment. Previous awards include $13 million for U.S. Central Command and $500 million contracts for Perennial Autonomy and CACI.