Stock Research

Meta Platforms is facing another delay in its artificial intelligence rollout, and investors have a familiar question: how much patience does the stock still deserve? The company’s Muse Spark developer API has reportedly been pushed back several times, with no confirmed launch date as of this week. That would be a smaller issue if Meta… Continue reading Meta’s AI push hits another delay: is META stock still a buy?

Taiwan’s Foxconn announced on Thursday a strategic collaboration with Intel to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms. The announcement comes as Intel shares staged a recovery on Wednesday, rising 3% to $111.36 and putting the chipmaker on track to end a five-session losing streak. Foxconn and Intel expand… Continue reading Foxconn and Intel partner to develop next-generation AI infrastructure solutions

Broadcom delivered the kind of quarter most companies would call a statement result, but the market wanted more. The chipmaker reported record revenue, record free cash flow and another sharp jump in artificial intelligence semiconductor sales. Yet Broadcom stock (NASDAQ: AVGO) tumbled more than 13% in extended trading after the results, as investors focused less… Continue reading Why analysts are raising Broadcom targets despite a 14% stock plunge

European shares were largely steady at the open on Thursday as investors remained cautious amid ongoing developments in the Middle East. Market sentiment was also influenced by concerns surrounding the financial services sector, while company-specific updates drove notable moves in individual stocks. The pan-European STOXX 600 index edged up 0.1% to 622.17 points by 0819… Continue reading European shares hold steady as Middle East tensions keep investors cautious

Aggressive buy-sell dollar/rupee swap operations by the Reserve Bank of India over the past 10 days have pushed foreign exchange hedging costs to their lowest levels in two months, while contributing to a recovery in the rupee ahead of a closely watched monetary policy decision. One-year hedging costs have fallen sharply from a mid-May peak… Continue reading RBI dollar-rupee swaps push fx hedging costs to two-month lows

Sumitomo Mitsui Financial Group plans to double revenue from its sales and trading unit to 800 billion yen, or about $5 billion, within the next few years as Japan’s shift away from ultra-low rates drives demand for market products. Arihiro Nagata, head of the bank’s global markets division, told Reuters that the business currently generates… Continue reading SMFG targets $5 billion trading revenue as Japan rates reset markets

Taiwan Semiconductor Manufacturing Co. expects artificial intelligence to keep driving demand for its most advanced chips over the next few years, even as rising costs and the long buildout of US production capacity create challenges for the world’s biggest contract chipmaker. Chief Executive Officer C.C. Wei told shareholders in Hsinchu on Thursday that customers remain… Continue reading TSMC doubles down on AI growth as CEO sees demand staying strong

Nvidia and Hyundai Motor Group are in the final stage of talks to build a new artificial intelligence research and development hub in South Korea, according to a report by the Korea Economic Daily. Nvidia Chief Executive Jensen Huang is expected to visit Seoul this week and meet Hyundai Motor Group Executive Chair Euisun Chung… Continue reading Nvidia, Hyundai in final talks to build AI R&D hub in South Korea: report

Asian equities fell on Thursday as renewed fighting between the United States and Iran pushed investors back towards safer assets, even as oil prices eased after Israel and Lebanon moved to implement a ceasefire. MSCI’s Asia-Pacific ex-Japan index dropped 1.5%, while S&P 500 e-mini futures slipped 0.5%. South Korean shares, reopening after a break, fell… Continue reading Nikkei 225 sinks as US-Iran clashes spark fresh risk-off trade