Stock Research

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

Billionaire Elon Musk’s aerospace and technology giant, SpaceX, is on the verge of going live on Nasdaq under the ticker symbol “SPCX”. The company expects to sell about 555.6 million of its Class A shares at a fixed price of $135 each, raising $75 billion at an implied valuation of a staggering $1.77 trillion. And… Continue reading Investing in SpaceX stock via this fund dilutes the risk of direct ownership

US stocks closed lower on Wednesday as rising oil prices, climbing Treasury yields, and renewed tensions in the Middle East weighed on investor sentiment, ending the S&P 500’s nine-session winning streak. The Dow Jones Industrial Average fell 620.72 points, or 1.21%, to 50,687.07. The S&P 500 declined 0.74% to 7,553.68, while the Nasdaq Composite lost… Continue reading Dow drops 620 points as oil surge and Iran tensions hit stocks