India wants 100 gigawatts of nuclear capacity by mid-century. It currently has roughly 8GW. Getting there will require not just capital, technology and political will, but a reliable fuel supply that domestic production alone cannot provide. The 10-year uranium agreement signed on Monday when Canada’s Prime Minister Mark Carney met his Indian counterpart Narendra Modi in New Delhi is designed to a...
India wants 100 gigawatts of nuclear capacity by mid-century. It currently has roughly 8GW. Getting there will require not just capital, technology and political will, but a reliable fuel supply that domestic production alone cannot provide. The 10-year uranium agreement signed on Monday when Canada’s Prime Minister Mark Carney met his Indian counterpart Narendra Modi in New Delhi is designed to address exactly that constraint. Analysts say it is a structural commitment – one intended to meet...
Bet_Noire/iStock via Getty Images By Zain Vawda Oil prices have pulled back significantly from the daily highs printed in the Asian session, with WTI reaching a peak around the $75/barrel mark. The question for some, though, is are markets pricing enough of a premium given the geopolitics in the Middle East and potential supply disruptions if the conflict continues? Some say no, while others are m...
Bet_Noire/iStock via Getty Images By Zain Vawda Oil prices have pulled back significantly from the daily highs printed in the Asian session, with WTI reaching a peak around the $75/barrel mark. The question for some, though, is are markets pricing enough of a premium given the geopolitics in the Middle East and potential supply disruptions if the conflict continues? Some say no, while others are more optimistic. Oil prices may not have moved as much as some have predicted, but the Middle East conflict is having an impact on a wide range of assets and markets. Market impact of the Middle East conflict and oil price rise The escalating conflict has paralyzed energy production and shipping throughout the Middle East, most notably in the Strait of Hormuz, which facilitates approximately one-fifth of the world’s oil supply. In a significant move, Qatar suspended all liquefied natural gas ( LNG ) production at its major facilities, including Ras Laffan, following drone attacks. Because Qatar accounts for roughly 20% of the global LNG market, this halt has triggered a massive surge in natural gas prices, with European benchmarks jumping as much as 50% in a single day. Global energy equities have surged in response to the supply shock and the 8% spike in crude oil prices. Major players like Exxon Mobil ( XOM ) and Shell ( SHEL ) saw notable gains, with Exxon's share price rising over 4% in early trading. Domestic natural gas firms in the US also benefited from the tightening global market; shares of CNX Resources ( CNX ) and Williams Companies ( WMB ) each rose by more than 1%, while the United States Natural Gas Fund ( UNG ) climbed 3.7%. The aviation and travel sectors faced significant headwinds as the closure of major Middle Eastern hubs triggered a sharp sell-off in airline stocks. Shares of Ryanair ( RYAAY ), IAG, American Airlines ( AAL ), and United Airlines ( UAL ) all retreated, reflected by a nearly 3% drop in the S&P 1500 Passenger Airlines index. This downturn ...
Chinese mainland investors persist in buying Hong Kong stocks, despite their underperformance in Asia, chasing dip-buying opportunities. Net purchases of onshore-listed ETFs investing in Hong Kong equities increased to 13.7 billion yuan ($2 billion) in February after months of stagnation, according to Bloomberg-compiled data. That’s the highest since August, which was the second-largest month of b...
Chinese mainland investors persist in buying Hong Kong stocks, despite their underperformance in Asia, chasing dip-buying opportunities. Net purchases of onshore-listed ETFs investing in Hong Kong equities increased to 13.7 billion yuan ($2 billion) in February after months of stagnation, according to Bloomberg-compiled data. That’s the highest since August, which was the second-largest month of buying on record . Buying across more than 140 ETFs suggests mainland investors — particularly smaller traders without access to Hong Kong via trading links — remained undeterred, even after pouring into the Hang Seng Tech Index on AI-driven bets only to see it drop 26% from its October peak. Mainland investors’ willingness to hold on will be tested in coming weeks, as declines extended on reverberating Middle East tensions and signs of unease emerge over AI firms’ ability to turn heavy spending into earnings growth. For now, the urge to abandon Hong Kong stocks and pull funds remains contained. That’s also reflected in local buying in the city. Inflows into Hong-Kong listed ETFs tracking local stocks reached $5.9 billion in the first two months of the year, the largest two-month total on record, Bloomberg-compiled data show. The Hang Seng Index , Hong Kong’s stock benchmark, is up 1.4% for the year.
The OpenAI CEO admits he came off as “opportunistic” in how he announced the company’s new government deal and says he will amend the language to emphasize restrictions
The OpenAI CEO admits he came off as “opportunistic” in how he announced the company’s new government deal and says he will amend the language to emphasize restrictions
I’ve been in the stock game long enough to know what it means when there is a stock sell-off after an earnings beat. In a nutshell, the numbers aren’t the issue — expectations are. That’s exactly what’s happening with Nvidia (NVDA). The chip giant did what it does best: posted one of the best and ...
I’ve been in the stock game long enough to know what it means when there is a stock sell-off after an earnings beat. In a nutshell, the numbers aren’t the issue — expectations are. That’s exactly what’s happening with Nvidia (NVDA). The chip giant did what it does best: posted one of the best and ...
I’ve been in the stock game long enough to know what it means when there is a stock sell-off after an earnings beat. In a nutshell, the numbers aren’t the issue — expectations are. That’s exactly what’s happening with Nvidia (NVDA). The chip giant did what it does best: posted one of the best and biggest quarters on record. The results and guidance would make most CEOs blush. Yet again and again, ...
I’ve been in the stock game long enough to know what it means when there is a stock sell-off after an earnings beat. In a nutshell, the numbers aren’t the issue — expectations are. That’s exactly what’s happening with Nvidia (NVDA). The chip giant did what it does best: posted one of the best and biggest quarters on record. The results and guidance would make most CEOs blush. Yet again and again, NVDA stock still got hit in the sessions that followed. The reason? NVDA is not treated as just an AI play. Instead, it's being traded like the AI trade, the one that has to be perfect every time. Susquehanna analyst Chris Rolland, posting earnings, said it best. Rolland’s quote lands because it perfectly encapsulates what Nvidia is experiencing at the moment. He doesn't think the story is broken. But he does feel the easy part is over. That was the part where the stock levitates because the world “discovers” AI hardware demand. Those days are long past. Now we are in a completely different ballgame. What’s the next surprise? What’s the next leg? What’s left that isn’t already priced in? And that’s the principal tension causing headaches for Nvidia bulls. Nvidia can still dominate the AI stack, and the stock can still struggle if Wall Street decides the “dream scenario” is no longer a scenario but the baseline. A Nvidia bull drops a blunt warning after earnings.Photo by I-HWA CHENG on Getty Images · Photo by I-HWA CHENG on Getty Images Rolland’s Nvidia bull case with a warning baked in Susquehanna semiconductor analyst Chris Rolland offers all praise for the outlook, referring to it as a "monster guidance," and gave credit to Nvidia for navigating the troubled waters better than expected. But he also delivered the line that captures the moment. Rolland is not making the argument that the AI cycle is over — far from it. He's making the argument that the stock has entered a tougher phase. At this stage, the execution will remain elite, but the multiple gets harder to expand. ...