China’s software sector is likely to emerge as a major beneficiary of the rapid adoption of artificial intelligence, according to analysts at HSBC, who said concerns that AI could undermine traditional software firms now appear overdone. In a research note released Thursday, HSBC analysts Yiran Liu and Heng Zhang argued that fears surrounding large language… Continue reading HSBC says China software stocks will benefit from AI adoption: here’s top picks
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RBC lifts year-end S&P 500 forecast as AI sectors fuel rally
RBC Capital Markets raised its year-end target for the S&P 500 on Friday, citing resilient earnings growth and continued strength in artificial intelligence-linked sectors. The Canadian brokerage increased its target for the benchmark index to 7,900 from 7,750. The revised forecast implies a 7.7% upside from Thursday’s closing level of 7,335.66. The move comes as… Continue reading RBC lifts year-end S&P 500 forecast as AI sectors fuel rally
European markets slide amid rising oil prices and tariff concerns
European shares traded lower on Friday as escalating tensions between the United States and Iran pushed oil prices higher and weakened hopes for a near-term diplomatic resolution to the conflict. The pan-European STOXX Europe 600 fell 0.8% to 611.69 points as of 0703 GMT. Major regional indexes also moved lower, with Germany’s DAX down 0.9%… Continue reading European markets slide amid rising oil prices and tariff concerns
USD/MXN forecast after the final Mexico Central Bank rate cut
The USD/MXN exchange rate has come under pressure in the past few months as top emerging market currencies continued to beat the US dollar. It dropped to 17.30 on Friday, down from the year-to-date high of 18.14 as focus shifted to the US non-farm payrolls data and May 7th’s Mexico interest rates decision. US non-farm… Continue reading USD/MXN forecast after the final Mexico Central Bank rate cut
Top FTSE 100 and 250 shares to watch: Burberry, ITV, Vodafone, BT, National Grid
The FTSE 100 Index remained in a narrow range this week as traders watched the developments in the Middle East, where odds of a deal between the US and Iran rose. It also wavered because of the weak HSBC earnings. This article looks at some of the top FTSE 100 and FTSE 250 shares to… Continue reading Top FTSE 100 and 250 shares to watch: Burberry, ITV, Vodafone, BT, National Grid
Asian stock markets dip as geopolitical risks weigh on investors
Asian stock markets eased slightly on Friday after a week of strong gains driven by chipmakers and artificial intelligence-linked stocks, while oil prices surged following renewed military exchanges between the United States and Iran. MSCI’s broadest index of Asian shares outside Japan fell 0.8%, though the regional benchmark still remained near record highs after a… Continue reading Asian stock markets dip as geopolitical risks weigh on investors
Nikkei 225 Index slips as US-Iran exchange fire; focus shifts to Japan bank earnings
The Nikkei 225 Index pulled back from its record highs as crude oil prices jumped amid new hostilities between the US and Iran. It dropped to ¥62,452 on Friday, a few points below the year-to-date high of ¥63,000. Still, technicals suggest that the blue-chip index has more gains to go in the near term. Japan… Continue reading Nikkei 225 Index slips as US-Iran exchange fire; focus shifts to Japan bank earnings
Nvidia to invest up to $2.1 billion in IREN AI infrastructure deal
Nvidia and IREN announced a strategic partnership on Thursday aimed at accelerating the deployment of next-generation artificial intelligence infrastructure, as global demand for computing power continues to surge. As part of the agreement, Nvidia will gain the right to invest up to $2.1 billion in IREN through a five-year option to purchase up to 30… Continue reading Nvidia to invest up to $2.1 billion in IREN AI infrastructure deal
S&P 500 slips from record high as oil rebounds
The S&P 500 slipped on Thursday after briefly touching a fresh all-time intraday high, as oil prices rebounded from earlier losses. Investors continued to monitor developments surrounding potential negotiations between the United States and Iran. The benchmark index fell 0.4%, pressured by declines in technology and semiconductor stocks, including Amazon, Broadcom and Micron Technology. The… Continue reading S&P 500 slips from record high as oil rebounds