Reported 2 months ago
Japan is set to propose enhanced collaboration with the United States on rare earth supply chains as part of forthcoming tariff negotiations, particularly in response to recent export restrictions from China. Reports indicate that the US may be open to reducing certain tariffs on Japanese goods, with ongoing discussions led by Japan's chief tariff negotiator in Washington.
Source: YAHOO
Reported 2 months ago
Taiwanese electronics manufacturer Wistron Corp aims to raise up to $923 million through the sale of global depository shares listed in Luxembourg, offering up to 250 million shares at a discount. The funds will be used for purchasing raw materials in foreign currencies, with trading anticipated to begin on June 16. Wistron also announced plans to complete new U.S. manufacturing facilities for Nvidia by next year.
Source: YAHOO
Reported 2 months ago
SoundHound AI, Inc. (NASDAQ:SOUN) is making significant strides in the voice technology sector, with 60% of its revenue in Q1 2025 attributed to its acquisition of conversational AI company Amelia, representing a 101% year-over-year growth. Analysts maintain a market performance rating with an $8.00 price target, citing the company's strong potential in enhancing human-to-machine interactions. SoundHound’s proprietary Voice AI platform is recognized for its speed and accuracy, and there are expectations for further growth in the second half of the year, driven by new software deals and activity in the restaurant sector.
Source: YAHOO
Reported 2 months ago
Needham analyst Jack Andrews increased the price target for Pegasystems Inc. (NASDAQ: PEGA) to $112 from $101, maintaining a 'Buy' rating, driven by the company's strategic advancements in AI and an optimistic revenue forecast. After recent announcements at their PegaWorld conference and a revenue guidance adjustment to $1.7 billion for fiscal year 2025, Pegasystems is expected to see a 13.6% year-over-year growth, showcasing strong performance amid economic challenges.
Source: YAHOO
Reported 2 months ago
Bernstein recently reaffirmed an 'Outperform' rating for Qualcomm (NASDAQ:QCOM), likening it to the 'Rodney Dangerfield' of semiconductor stocks due to its previous lack of respect despite strong fundamentals. Analyst Stacy Rasgon notes that Qualcomm is evolving, with a diversified revenue stream and stabilization in the smartphone market, which could positively impact its stock value despite current challenges.
Source: YAHOO
Reported 2 months ago
BofA Securities has raised its price target for Constellation Energy Corporation (NASDAQ:CEG) from $318 to $343 and reiterated a 'Buy' rating after the company announced a 20-year Purchased Power Agreement with Meta Platforms. This agreement will enable Constellation to boost its Clinton nuclear site's capacity by 30 megawatts. The firm also acknowledged an optimistic outlook for future datacenter deals as it adjusts its EPS estimates and nuclear multiple.
Source: YAHOO
Reported 2 months ago
Analysts are maintaining a positive outlook on Broadcom Inc. (NASDAQ:AVGO), raising its price target from $210 to $276 as the company gears up for its earnings report. Citi highlights the potential for recovery in Broadcom's non-AI semiconductor business, which has seen a significant decline, and underscores the company's position in the AI market. Seaport also reaffirmed its 'Buy' rating ahead of the earnings announcement, emphasizing Broadcom's unique role in the AI revolution.
Source: YAHOO
Reported 2 months ago
Analysts have added NVIDIA Corporation (NASDAQ:NVDA) to Jefferies' top buy list, citing the company's strong AI capabilities and promising prospects for its Blackwell Ultra chips. Despite challenges from U.S. export restrictions, NVIDIA's earnings projections remain optimistic, supported by increasing AI investments from Saudi Arabia and the UAE. The firm recognizes NVIDIA as a leading AI accelerator supplier for data centers, highlighting its ongoing growth in the AI sector.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Fevertree Drinks宣布将与酿酒商Molson Coors共同承担对英国进口商品征收的10%关税，以减轻短期影响。Fevertree的北美首席执行官Charles Gibb将辞职，由拥有丰富美国啤酒网络经验的Judd Hausner接任。Fevertree在美国市场表现强劲，并重申其年度收入增长预测。
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Shares of Australia's Lynas Rare Earths surged to their highest level in over two years as global automakers expressed fears that China's export restrictions on rare-earth materials could disrupt production. With China controlling 90% of the rare-earth supply, Lynas stands to gain in this tense geopolitical climate as companies seek alternative sources to secure critical minerals for technology and defense applications.
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Citi will reduce its workforce by approximately 3,500 positions at its technology centers in Shanghai and Dalian as part of a global restructuring plan aimed at simplifying operations and enhancing risk management and data governance. The layoffs are expected to be completed by the beginning of the fourth quarter of this year, with some roles being relocated to other Citi tech centers. This move follows a broader effort to cut staff globally and shift from contractor reliance to hiring permanent employees in IT.
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
The ongoing struggle for rare earth elements escalates as China, controlling 70% of global supply, tightens its export restrictions, causing disruptions in industries like auto manufacturing. Previously imposed tariffs have led to China's retaliatory measures, resulting in shortages that threaten production for major companies such as Ford and Mercedes-Benz. This situation has prompted urgent calls from global leaders for reduced reliance on Chinese rare earths, while the U.S. is investing in domestic production and seeking access to resources in Ukraine amid these supply challenges.
Source: YAHOO
Reported 2 months ago
Wells Fargo's shares surged over 2% after the Federal Reserve lifted a long-standing asset cap that hindered its growth due to past scandals. While the bank is now free to expand, observers note that market expectations may limit future gains. CEO Charlie Scharf has shifted focus away from traditional banking, bolstering investment banking and trading, with promising early results. Despite a cautious market atmosphere, some analysts have raised their price targets on Wells Fargo stocks.
Source: YAHOO
Reported 2 months ago
Core Scientific Inc. (NASDAQ:CORZ) experienced a significant surge of 6.44% on Wednesday, closing at $12.56, as investors reacted to a new lawsuit from Malikie Innovations regarding patent claims on Elliptic Curve Cryptography (ECC) used in Bitcoin mining. Despite the legal challenges, a lawyer's comment suggested that individual Bitcoin traders might not be adversely affected, boosting market sentiment.
Source: YAHOO
Reported 2 months ago
CoreWeave, Inc. (NASDAQ:CRWV) experienced a significant bump in stock value, rising 8.39% to $163.10, marking its fourth consecutive day of growth. This surge was attributed to the company's announcement of record-breaking results using Nvidia's latest Grace Blackwell chips, achieving the largest-ever benchmark under MLPerf with a submission that was 34 times larger than any other cloud provider's. This follows a major $7 billion deal with Applied Digital Corporation to enhance its AI and high-performance computing infrastructure.
Source: YAHOO
Reported 2 months ago
Reddit, Inc. (RDDT) experienced a 6.68% rise in share prices, closing at $118.21, after announcing a lawsuit against AI firm Anthropic for allegedly using its data to train the Claude chatbot without permission. The lawsuit aims to stop Anthropic's actions, which Reddit claims exploit its content for profit while disrespecting user privacy.
Source: YAHOO