Delta (2308 TT) may need to keep inventory buffers above historical levels even after delayed orders ship, as it adjusts to uneven AI deployment schedules. Component shortages, customer schedule changes and shifting specs drove inventory buildup, with Q3 provisions equal to 1.7% of revenue. We think that clearing delayed shipments may offer only partial relief. Keeping more material on hand to handle unpredictable schedules could leave Delta with a lasting need for more working capital. Microsoft $MSFT, meanwhile, shifted some third-party capacity deliveries into the second half of FY27. For suppliers, a pause in customer spending can still mean holding inventory while waiting to ship.

Delta devlog: Oct 7-21 New - Real 1s candles, live feed and unlimited chart history - One Portfolio for Robinhood Chain and Arc - USD / ETH toggle across positions, Portfolio and PnL - New PnL share card: custom backgrounds, Week and Month views - "Add X DELTA" to fill the bins near price in one click Improved - Out-of-range updates in seconds - New Fees/TVL column and better default columns - ETH instead of WETH everywhere - Smoother mobile experience Coming soon: - New chain(s): pools, charts, swaps and positions - Automation for providing liquidity Delta mode.