Computing is moving from storage toward generation, Nvidia (NASDAQ:NVDA) CEO Jensen Huang said. Computing systems are shifting from retrieval-based models to generative ones that produce outputs in real time, Huang said recently on the "Lex Fridman" podcast. "Warehouses don't make...
Computing is moving from storage toward generation, Nvidia (NASDAQ:NVDA) CEO Jensen Huang said. Computing systems are shifting from retrieval-based models to generative ones that produce outputs in real time, Huang said recently on the "Lex Fridman" podcast. "Warehouses don't make...
Investing in smaller biotechs can yield outstanding returns over the long run if they make sufficient regulatory and commercial progress. On the flip side, these companies come with a healthy dose of risk. So, there is a possibility that picking the right drugmaker will make you a fortune, but choosing the wrong one could destroy your wealth. Which camp does Iovance Biotherapeutics (NASDAQ: IOVA) ...
Investing in smaller biotechs can yield outstanding returns over the long run if they make sufficient regulatory and commercial progress. On the flip side, these companies come with a healthy dose of risk. So, there is a possibility that picking the right drugmaker will make you a fortune, but choosing the wrong one could destroy your wealth. Which camp does Iovance Biotherapeutics (NASDAQ: IOVA) belong in? Let's see whether buying this company's shares could make you a lot richer. Iovance Biotherapeutics' shares have significantly underperformed broader equities over the past three years. At first glance, it's hard to understand why. In 2024, the company earned approval for Amtagvi, a treatment for advanced melanoma, whose sales have grown at a good clip since. Last year, Iovance Biotherapeutics' sales, mostly driven by Amtagvi, came in at $263.5 million, up almost 61% from the previous fiscal year. What's more, Amtagvi was the first medicine of its kind approved for patients with advanced melanoma, and it is slowly expanding its global reach. It was approved in Canada last year and could receive the blessing of regulators in various European countries and Australia over the next couple of years. Continue reading
The battle for AI supremacy turns political as the president doubles down on Palantir's "great war fighting capabilities" against Michael Burry's bearish bets.
The battle for AI supremacy turns political as the president doubles down on Palantir's "great war fighting capabilities" against Michael Burry's bearish bets.
Alphabet (NASDAQ:GOOG) and Meta Platforms (NASDAQ:META) both beat expectations in the quarterly results, but their business models, cost structures, and AI strategies diverge meaningfully. With $10,000 to invest, the choice hinges on risk tolerance rather than growth rates alone. Cloud Lifts Alphabet. Ads Carry Meta. Alphabet’s quarter was defined by Google Cloud growing 48% year ... Got $10,000? ...
Alphabet (NASDAQ:GOOG) and Meta Platforms (NASDAQ:META) both beat expectations in the quarterly results, but their business models, cost structures, and AI strategies diverge meaningfully. With $10,000 to invest, the choice hinges on risk tolerance rather than growth rates alone. Cloud Lifts Alphabet. Ads Carry Meta. Alphabet’s quarter was defined by Google Cloud growing 48% year ... Got $10,000? Here’s the Clear Winner Between Meta and Alphabet
Marina113/iStock Editorial via Getty Images Following our recent deep dive into Exor N.V. ( EXXRF ), we are back to analyzing one of its main holdings, CNH Industrial (NYSE: CNH ). For our new readers, Exor is the holding company that owns 26.9% of CNH Industrial's economic rights, and we believe it trades at an NAV discount of more than 60%. Going back to CNH Industrial on a standalone basis, in ...
Marina113/iStock Editorial via Getty Images Following our recent deep dive into Exor N.V. ( EXXRF ), we are back to analyzing one of its main holdings, CNH Industrial (NYSE: CNH ). For our new readers, Exor is the holding company that owns 26.9% of CNH Industrial's economic rights, and we believe it trades at an NAV discount of more than 60%. Going back to CNH Industrial on a standalone basis, in our analysis, we downgraded the company with a sell in June 2025, and this proved to be the right call (Fig. 1). As a reminder, our sell rating was supported by 1) lower guidance, 2) margin pressure combined with limited visibility on earnings and 3) higher inventory levels. With a demanding valuation, our assessment was relatively straightforward. Mare Ev. Lab Rating Update Fig 1 Why are we still negative? On a YTD basis, the company's share price increased by almost 25%. Q4 top-line sales increased by 6%, but on a full-year basis, CNH turnover declined by 9%. At the net income level, Q4 profit reached $89 million, with full-year profit of $505 million. This represents an EPS of $0.41. At the current price, the company trades at a P/E of almost 30x. Aside from the valuation, Q4 EPS of $0.19 beat the consensus of $0.10; however, the EPS beat was mainly driven by a pull-forward of Agriculture machinery sales from 2026 to Q4 2025. This was due to Eastern European dealers' higher inventory. Therefore, we are not surprised to see a lower 2026 outlook for the segment. Looking at the press release, the company directly reported that "amid persistent agricultural equipment market challenges, the Company is preparing for lower demand levels in 2026 ahead of the start of an expected industry recovery in 2027." While some may argue that tensions in the Middle East could support agricultural profitability by tightening pesticide supply, we do not expect this to translate into a positive year for the sector. Here at the Lab, we notice a short-term price rebound in soybeans, corn, etc.,...
Ирина Мещерякова/iStock via Getty Images The March 2026 consumer price index came in at 3.3% YoY, with the core figure, less food and fuel, coming in at 2.6%. As expected, gasoline was the big culprit in this report, pushing prices up 0.9% MoM, the largest single-month gain since 2022. BLS Markets moved little, largely because this figure was actually 0.1% less than expected, and markets are prici...
Ирина Мещерякова/iStock via Getty Images The March 2026 consumer price index came in at 3.3% YoY, with the core figure, less food and fuel, coming in at 2.6%. As expected, gasoline was the big culprit in this report, pushing prices up 0.9% MoM, the largest single-month gain since 2022. BLS Markets moved little, largely because this figure was actually 0.1% less than expected, and markets are pricing in that this is a temporary disruption. Still, the report itself has more to tell us than just that fuel prices are up; we still see above-target areas in the report that are far less affected by Hormuzian supply disruptions. The markets can handle pain so long as they see it coming. The March 2026 CPI Report Here's the headline table for the report with the categories I've been watching the most highlighted: Annotations by author (BLS) Of course, it's no surprise to see fuel and gasoline rise from 18.9% to 44.2%, with diesel certainly bringing up the high end. These prices affect almost all people, as fuel costs are embedded in basically every product that has to travel to be sold, which is the vast majority of what's sold. Transportation expenses rose 4.1% and delivery services by 3.1%, reflecting rising fuel cost passthrough. The worst passthrough point was airfare—jet fuel price hikes have been just as brutal as diesel, if not worse in some regions—which rose 14.9% YoY. Unlike past reports, core goods and groceries (“food at home”) contributed less to this report than they are weighted; this is largely because of the massive contribution from energy costs, but it means that it also obscures some of the trends we've been watching, such as how core goods—the most tariff-sensitive component—had been leading inflation reports throughout 2025. Duality Research We can still inspect the core itself to see what's moving it, as stripping out food and fuel can offer clarity for what else is going on in the report. Apparel's jump this month, running at 3.4% YoY, had a large imp...