Reported 3 months ago
Broadcom Inc. (NASDAQ:AVGO) is reportedly increasing its market share in the AI-chip sector as major tech companies like Amazon and Alphabet produce their own chips, reducing their reliance on Nvidia (NASDAQ:NVDA), according to Gil Luria of DA Davidson. Companies such as Tesla, Meta, and Microsoft are also developing their AI chips with Broadcom's assistance, presenting new growth opportunities for the company. Recently, Broadcom's stock has risen significantly, climbing 22% in the last month.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Investor Josh Brown highlighted Snowflake Inc. (NYSE: SNOW) as one of his top market picks during a CNBC appearance, noting its strong recent performance after a three-year decline. He pointed out that the company's fundamentals are improving, with impressive first-quarter earnings and a notable increase in high-value customers. Despite acknowledging Snowflake's potential, some believe other AI stocks may offer even greater returns.
Source: YAHOO
Reported 3 months ago
Alphabet Inc. (GOOG) is gaining attention for its new AI-powered video technology, Veo3, which has seen a surge in interest, according to stock researcher Jessica Inskip. With over 500 million users across 15 products featuring its Gemini AI system, and its involvement in blockchain through Google Cloud, GOOG stock presents attractive investment potential. Despite a slight price dip in recent months, Inskip highlights that GOOG is a strong player in the evolving tech landscape.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Kingfisher, the parent company of B&Q and Screwfix, announced a 5.9% increase in its UK & Ireland sales for Q1 FY25/26, totaling £1.73bn, driven by favorable weather conditions and strong seasonal sales. The company's overall sales reached £3.31bn, reflecting a reported growth of 1.6%. While B&Q saw a notable 7.4% increase, Screwfix rose by 4.1%. However, Kingfisher faced a decline in sales in France and Poland, attributing some market volatility to geopolitical factors. E-commerce sales also grew, accounting for 20% of total sales, as the company remains focused on strategic growth amidst mixed consumer sentiment.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Macy's exceeded low earnings forecasts in its first quarter, reporting $4.6 billion in revenue, although it faced a 5.1% decline year-over-year and a 40.7% drop in adjusted earnings per share. The retailer's same-store sales fell 1.2%, while it navigates rising tariffs and cautious consumer spending, leading to a revised earnings outlook for 2025. Despite these challenges, Macy's stock rose 3%, highlighting some investor optimism.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Nvidia is set to release its first quarter results for fiscal year 2026, with analysts projecting a 46% increase in earnings per share and a 66% hike in revenue. Investors will be keen to hear insights on AI demand, data center growth, implications on profit margins due to competition, and future guidance, especially amidst concerns over the pace of AI adoption and U.S. export controls affecting the company's operations in China.
Source: YAHOO
Reported 3 months ago
GameStop's stock fell over 3% after the company announced its purchase of 4,710 bitcoins valued at more than $500 million. The decision, made under the leadership of Ryan Cohen, comes as many public companies increasingly invest in cryptocurrency. This move follows a period of significant volatility in the stock and highlights a growing trend of corporate bitcoin adoption.
Source: YAHOO
Reported 3 months ago
Rémy Cointreau has appointed Franck Marilly as its new CEO effective June 25, succeeding Éric Vallat. Marilly, with over 30 years of experience in FMCG companies like Unilever and Chanel, is expected to bring fresh dynamics to the company amidst complex economic challenges. The announcement follows a reported 18% decline in annual sales, with hopes to improve the company's performance and innovation strategies under his leadership.
Source: YAHOO
Reported 3 months ago
Spanish satellite startup Sateliot is negotiating with various European defence ministries to provide 5G connectivity for military applications. With recent funding of 70 million euros, the company aims to offer satellite-based 5G services to devices in remote areas lacking mobile coverage. Co-founders highlighted interest from countries aiming to lessen dependence on foreign providers like Starlink, as well as partnerships with logistics and agricultural sectors. Sateliot plans to launch commercial services within two months and deploy 100 satellites by 2028 to enhance connectivity.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Fannie Mae and Freddie Mac's over-the-counter shares surged after President Trump announced plans to take the two housing giants public while maintaining government guarantees. The move aims to end their conservatorship, which has lasted since the 2008 financial crisis. Trump's statement sent Fannie's shares up by 9.3% and Freddie's by 13.4%, marking significant gains as the firms continue to recover.
Source: YAHOO
Reported 3 months ago
Kingsoft Cloud's CEO remains optimistic about the future of AI-driven cloud services despite a 11.7% quarter-over-quarter revenue decline in Q1 2025, with total revenue reaching 1.97 billion yuan, below analyst expectations. Although there were positive contributions from AI-related demands, seasonal factors impacted overall performance. The company reported a significant increase of 228% in AI gross billing, now accounting for 39% of public cloud services, highlighting the commitment to AI integration amidst challenges in the global supply chain.
Source: YAHOO
Reported 3 months ago
GE Aerospace's CEO announced improvements in the supply chain that are expected to support a 15% to 20% increase in jet engine deliveries for popular narrowbody aircraft this year. Despite facing over $500 million in tariff impacts from a U.S.-led trade war, the company is adapting to align closely with Boeing's production plans for the 737 MAX. The CEO highlighted a recent boost in deliveries from suppliers and emphasized the continuing challenges in the airplane production process.
Source: YAHOO
Reported 3 months ago
Macy's reported better-than-expected earnings and revenue for the first quarter, but has lowered its full-year profit outlook due to tariff pressures and a cautious consumer environment. Analyst David Swartz notes that while Macy's is focusing on successful stores as part of its turnaround plan, the company still faces significant challenges in adapting to the changing retail landscape. Despite these issues, Macy's has valuable e-commerce operations and a loyal customer base, indicating potential for survival and profitability in a downsized form.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Rick Rieder, BlackRock's bond chief, discusses two investment strategies in a volatile bond market: focusing on short-duration Treasurys which have become more attractive as rate expectations fluctuate, and investing in European high-yield bonds due to their stability and favorable currency conditions. He emphasizes the opportunities presented by current market volatility and suggests pairing higher-yield bonds with high-quality assets to manage risk.
Source: YAHOO
Reported 3 months ago
In its Q1 2025 investor letter, Sands Capital Technology Innovators Fund reported a negative return of -10.4% while highlighting its investment in AppLovin (NASDAQ:APP), a leading provider of advertising solutions for mobile game developers. Despite a recent decline in AppLovin's stock price and concerns surrounding app-install manipulation, the fund maintains confidence in its long-term potential following a significant revenue increase. The broader selloff in high-beta stocks is viewed as an opportune buying moment, according to the fund.
Source: YAHOO