Stock Research

Novartis reported first-quarter core operating profit and sales below market expectations, as generic competition for its top-selling heart drug Entresto weighed on results. Shares of the Swiss drugmaker declined about 3% in premarket trading on Tuesday following the earnings release. Quarterly group operating income, adjusted for special items, fell 12% to $4.9 billion. This was… Continue reading Novartis shares fall after weak Q1 hit by Entresto competition

Alphabet’s Google has joined a growing list of technology firms partnering with the US Department of Defence to supply artificial intelligence models for classified operations, The Information reported on Tuesday. The agreement allows the Pentagon to use Google’s AI systems for “any lawful government purpose”. This places Google alongside firms such as OpenAI and Elon… Continue reading Google expands defence ties with Pentagon AI agreement

European stocks are expected to open higher on Tuesday as investors track geopolitical developments and prepare for a busy earnings and central bank calendar. European markets point to modest gains According to market data from IG, the UK’s FTSE 100 index is expected to open slightly higher. Germany’s DAX is projected to rise by 0.23%,… Continue reading European markets to open higher as Trump weighs Iran proposal

China is set to significantly expand its digital infrastructure, with new analysis from Rystad Energy projecting the country will nearly double its data center capacity over the next five years.  An anticipated 28 gigawatts (GW) of new projects are expected to come online by 2030, building on the 32 GW already installed by the end… Continue reading China data center capacity to double by 2030 driven by AI, HPC: Rystad

Lightelligence turned what might have been a routine listing into a full-blown market spectacle on Tuesday, with its shares surging as much as 408% to HK$930 after pricing at HK$183.20 in Hong Kong. The scale of the jump immediately set it apart as one of the most explosive debuts in recent memory. The Shanghai-based photonics… Continue reading This AI IPO surged 400% on its Hong Kong stock market debut

The Nikkei 225 Index slipped a bit after the Bank of Japan (BoJ) delivered its interest rate decision amid the ongoing US-Iran war. It dropped to ¥59,920 on Thursday, down slightly from the year-to-date high of ¥60,592. Bank of Japan interest rate decision  Japanese stocks retreated as market participants reflected on the latest BoJ interest… Continue reading Here’s why the Nikkei 225 Index may surge despite hawkish BoJ tilt

OpenAI is discovering that scale in artificial intelligence does not automatically translate into momentum. As per a recent Wall Street Journal report, the ChatGPT maker has fallen short of internal goals for both new users and revenue in recent months. The misses include a target to reach 1 billion weekly active users by the end… Continue reading Why is OpenAI missing targets even as AI investment hits record highs?

Asian markets opened with a mixed tone on Tuesday, as Japan and South Korea attempted to extend a powerful technology-led advance, while the rest of the region moved cautiously. The broader mood was one of consolidation rather than euphoria. MSCI’s Asia-Pacific index outside Japan eased 0.12%, while Japan’s Nikkei slipped 0.5% after setting a fresh… Continue reading Kospi hits record as Asian markets mixed on tech rally and caution

US stocks ended mixed on Monday, with the S&P 500 and Nasdaq Composite closing at fresh record highs, while the Dow Jones Industrial Average edged lower as rising oil prices and geopolitical uncertainty tempered investor sentiment. The S&P 500 gained 0.12% to close at 7,173.91, while the Nasdaq Composite added 0.20% to settle at 24,887.10.… Continue reading Dow dips as S&P 500, Nasdaq hit records amid oil surge fears