Sundry Photography Applied Materials ( AMAT ) and Lam Research ( LRCX ) are still Bank of America's top picks in the semiconductor equipment space, as the investment firm now sees equipment spending continuing to rise. “We update our [wafer fab equipment] estimates following an eventful earnings season where broadening AI wafer demand led to all major semicaps calling out an unusually robust envir...
Sundry Photography Applied Materials ( AMAT ) and Lam Research ( LRCX ) are still Bank of America's top picks in the semiconductor equipment space, as the investment firm now sees equipment spending continuing to rise. “We update our [wafer fab equipment] estimates following an eventful earnings season where broadening AI wafer demand led to all major semicaps calling out an unusually robust environment (up to 12-24 month visibility) where impressive CY26 guides for LRCX (>23% YoY sales growth), KLAC (high-teens YoY sales growth), and AMAT (+20% YoY Systems growth) accelerate CY27,” analyst Vivek Arya wrote in a note to clients. Arya now sees chip equipment spending at $140B in 2026, $171B in 2027, and $193B in 2028, compared to prior estimates of $131B, $150B, and $155B, respectively. He also expects 2029 and 2030 spending levels to hit $186B and $201B. “We think this industry expansion, growing 18% CY25-28E CAGR, might still be a supply-constrained view but supports semi sales growing from ~$780bn CY25 to almost $1.3tn by CY28E (17% CAGR), reflecting healthy mid-teens % intensity. Agentic AI crowds out leading-edge; new capacity needed. As XPU/accelerator roadmaps progress and as agentic AI takes off, scarce capacity for leading-edge logic becomes highly competitive,” Arya added. 3 nanometer push Delving deeper, Arya said there is crowding in the 3-nanometer space, as Nvidia's ( NVDA ) Rubin competes with AMD's ( AMD ) MI350X and MI400X, Google's ( GOOG ) ( GOOGL ) TPU v7, and Amazon's ( AMZN ) Trainium 3. There's also a bottleneck in CPUs, as Intel ( INTC ) and AMD raise prices and Nvidia's Vera CPU drives “further tightness,” Arya explained. Switches have also seen scaling at the 3-nanometer level, with Nvidia's NVLink 6 and Marvell ( MRVL ) and Broadcom ( AVGO ) increasing outputs. “The broadening of AI chips for rack-scale architecture (Vera Rubin POD uses 7 distinct chips), scaling of inference/agents, and design start diversity drives wafer demand well beyon...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. The S & P 500 is higher Monday after President Donald Trump said the U.S. was in "serious discussions" to end the war in Iran. But Jim Cramer said he wasn't ready to take Trump's comments as an all-clear sign to do some buying. "We're not committin...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. The S & P 500 is higher Monday after President Donald Trump said the U.S. was in "serious discussions" to end the war in Iran. But Jim Cramer said he wasn't ready to take Trump's comments as an all-clear sign to do some buying. "We're not committing capital into this," he said, explaining that the decision is in part due to an emerging pattern of Trump making one claim, only for Iran to later deny it. Earlier on Monday, we exited its position in Cisco to replenish our cash position after Jim's Charitable Trust made its annual charity distribution, which reduced our cash levels to roughly 6.5% from 15% . This year's distribution was nearly $300,000, bringing the Trust's total since inception to over $4.5 million. 2. Meta shares jumped over 2% after being named a top pick at Morgan Stanley. "It's time to buy Meta," analysts argued, noting the stock has fallen on concerns about its massive AI investments and, more recently, new regulatory risk following two separate court defeats last week in social media harm trials. Jim has said investors would regret selling Meta on regulatory concerns, and Morgan Stanley also told clients it believes these risks are manageable. As for worries about Meta's AI spending, Jim said Monday that Meta is right to aggressively add computing capacity in order to remain competitive versus the likes of Google's YouTube and TikTok. "I think you have to be respectful of the situation they find themselves in," Jim said. 3. Club cybersecurity names CrowdStrike and Palo Alto Networks are rebounding Monday after their stocks were crushed Friday on concerns over Anthropic's upcoming model release . CrowdStrike is up nearly 5% after Wolfe Research upgraded the stock to a buy-equivalent rating. Analysts said more capable AI models will force organizations to bolster cyber defense, not erode their busine...
TSMC industrial espionage saga heading to verdict next month in unprecedented Taiwan National Security Act case — former engineer accused of stealing 2nm technical info, faces a total of up to 20 years in prison if found guilty tomshardware.com
TSMC industrial espionage saga heading to verdict next month in unprecedented Taiwan National Security Act case — former engineer accused of stealing 2nm technical info, faces a total of up to 20 years in prison if found guilty tomshardware.com
TSMC industrial espionage saga heading to verdict next month in unprecedented Taiwan National Security Act case — former engineer accused of stealing 2nm technical info, faces a total of up to 20 years in prison if found guilty Tom's Hardware
TSMC industrial espionage saga heading to verdict next month in unprecedented Taiwan National Security Act case — former engineer accused of stealing 2nm technical info, faces a total of up to 20 years in prison if found guilty Tom's Hardware
Carlyle Group Inc. plans to launch a fund focused on the defense sector amid growing demand by governments to upgrade their military forces, according to people with knowledge of the matter. The Washington, DC-based firm has reached out to investors to discuss the fund, pitching it as a way to invest in so-called reindustrialization, the people said, who asked not to be identified discussing confi...
Carlyle Group Inc. plans to launch a fund focused on the defense sector amid growing demand by governments to upgrade their military forces, according to people with knowledge of the matter. The Washington, DC-based firm has reached out to investors to discuss the fund, pitching it as a way to invest in so-called reindustrialization, the people said, who asked not to be identified discussing confidential information. This entails expanding the US’s industrial base and manufacturing. Carlyle hasn’t begun marketing the fund formally, nor has it communicated a target size, the people said. A representative for Carlyle declined to comment. Private capital has been flooding into the historically boom-and-bust defense sector as the US and European governments dedicate billions to modernize their armed forces. US President Donald Trump has prioritized weapons development, seeking a 50% boost in the annual defense budget next year to $1.5 trillion. Carlyle has its roots in the defense industry, having recruited former Defense Secretary Frank Carlucci in its early days. He brokered acquisitions of defense firms at low prices as the US Department of Defense cut spending in the 1990s, scoring big profits for the alternative asset manager. Read More: Schwartz Pushes Carlyle to Revive Washington Brand in Trump Era The firm named Ian Fujiyama head of aerospace, defense and government services in 2021. “Now as we’re pivoting from counterterrorism to great power competition, the need to do things better, cheaper and faster has never been more urgent,” Fujiyama said March 25 on Bloomberg TV. The US Army recently requested proposals for public-private partnerships across areas including energy, industrials, supply chains, manufacturing and critical minerals. Army Secretary Dan Driscoll has been meeting with private equity firms to fund a $150 billion infrastructure investment. Carlyle was granted exclusivity to negotiate with the US Army to construct a data center across 1,384 acres ...
Earnings Call Insights: CBAK Energy Technology, Inc. (CBAT) Q4 2025 Management View CEO Zhiguang Hu highlighted 2025 as “a definitive transitional period for CBAK Energy, characterized by our comprehensive structural upgrade of our product portfolio, aggressive capacity expansion and deliberate pivot toward next-generation form factors.” The company reported consolidated net revenue of $58.80 mill...
Earnings Call Insights: CBAK Energy Technology, Inc. (CBAT) Q4 2025 Management View CEO Zhiguang Hu highlighted 2025 as “a definitive transitional period for CBAK Energy, characterized by our comprehensive structural upgrade of our product portfolio, aggressive capacity expansion and deliberate pivot toward next-generation form factors.” The company reported consolidated net revenue of $58.80 million for Q4, representing a 131.80% year-over-year increase, and $195.19 million for the full year, up 11% over 2024. The Dalian facility’s transition from legacy 26-series battery products to the new Model 40135 cells was described as a “paradigm shift,” with the new line’s 2.3 GWh capacity fully sold out and order backlog exceeding ramp-up capabilities. The Nanjing facility added two new lines for 32140 cells, expanding total capacity by 3.0 GWh, with full ramp-up targeted for early 2027. Hu explained that, despite current margin pressures from ramping up new capacity, “we view this as a necessary and highly strategic investment as our customers complete their transition.” The company’s battery pack integration operation, focused on direct-to-end-user sales in Africa, has produced early results, including a major partnership with SPIRO, now among CBAK’s top five customers. Hu stated, “we are actually exploring further collaborative models, including the potential establishment of a dedicated corporate entity within the Africa region.” International market expansion was underscored by revenue from LEV’s soaring 252% year-over-year to $36.36 million and new collaborations with clients such as Anker Innovation, Scania, Ather Energy, and others. Hitrans, the raw material division, rebounded sharply with full year revenue up 123% to $89.21 million. A new 10,000 metric ton cathode plant and 37,000 metric ton precursor facility are under construction, targeting full operation in the first half of 2027. The company is moving its place of incorporation from Nevada to the Cayman Isl...
Sansert Sangsakawrat Federal Reserve Chair Jerome Powell told students at Harvard University that he was optimistic about their long-term employment prospects, despite the proliferation of AI. “There’s no denying it’s a challenging time to enter the labor market, but it may take some patience and all that, but in the longer term, this economy is going to give you great opportunities,” Powell said ...
Sansert Sangsakawrat Federal Reserve Chair Jerome Powell told students at Harvard University that he was optimistic about their long-term employment prospects, despite the proliferation of AI. “There’s no denying it’s a challenging time to enter the labor market, but it may take some patience and all that, but in the longer term, this economy is going to give you great opportunities,” Powell said during a talk with students on Monday, according to Bloomberg . Powell said that while the U.S. economy was undergoing structural changes due to AI and other advances, it remained dynamic. Bloomberg noted the unemployment rate for 20- to 24-year-olds was 7.4% after hitting over 9% last year. More on SPDR S&P 500 ETF Trust, Vanguard 500 Index Fund ETF The Iran War Effects: Disturbing Signal From The Bond Market We Got The Anticipated Correction; Now We Can Get Bullish The Return Of Friction Powell doesn't see private credit market concerns posing systemic risk Financial conditions tighten at fastest pace since Liberation Day
With many exchange-traded funds , it's easy to predict how they'll perform. If you have an S&P 500 index ETF, for instance, all you have to do is look at the S&P's closing value to get a sense of how your fund did. Even if you own a less transparent ETF like a sector-tracking fund, you might be able to get a solid sense of your performance on any given day by looking at representative stocks in th...
With many exchange-traded funds , it's easy to predict how they'll perform. If you have an S&P 500 index ETF, for instance, all you have to do is look at the S&P's closing value to get a sense of how your fund did. Even if you own a less transparent ETF like a sector-tracking fund, you might be able to get a solid sense of your performance on any given day by looking at representative stocks in that sector to see how they did. But for ETF investors looking for a single fund that can withstand any market environment, it's not always easy to see what's going on in real time. For instance, the State Street Bridgewater All Weather ETF (NASDAQ: ALLW) invests in multiple assets, including stocks, bonds, and commodities such as gold. As you learned in the first article of this three-part series for the Voyager Portfolio , the Bridgewater strategy has historically helped to balance changing conditions for economic growth and inflationary pressures. With the fund being just a year old, it's too early to know for sure how it will perform in the long run, but we're already getting some hints about what to expect. Image source: Getty Images. Continue reading
French authorities are investigating a suspected link to Iran after thwarting a bomb attack outside a Bank of America building in Paris at the weekend, the interior minister said on Monday. The authorities suspect a link to Iran due to similarities to other recent attempted attacks in Europe which a pro-Iran group claimed responsibility for, French Interior Minister Laurent Nunez said. On Saturday...
French authorities are investigating a suspected link to Iran after thwarting a bomb attack outside a Bank of America building in Paris at the weekend, the interior minister said on Monday. The authorities suspect a link to Iran due to similarities to other recent attempted attacks in Europe which a pro-Iran group claimed responsibility for, French Interior Minister Laurent Nunez said. On Saturday morning, Paris police officers spotted two suspects carrying a shopping bag near the Bank of...
Bradley Shuster, executive chairman of NMI Holdings (NASDAQ:NMIH) , reported the exercise of 55,158 options and the immediate sale of 19,430 common shares for a total transaction value of approximately $756,000, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($38.91). * 1-year price performance calculated as of March 30, 2026. Continue read...
Bradley Shuster, executive chairman of NMI Holdings (NASDAQ:NMIH) , reported the exercise of 55,158 options and the immediate sale of 19,430 common shares for a total transaction value of approximately $756,000, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($38.91). * 1-year price performance calculated as of March 30, 2026. Continue reading
One twin wanted to take parental responsibility from the other for child P after both had sex with child’s mother A woman who had sex with identical twins within four days of each other is unable to ensure one of them takes parental responsibility because it is “not possible” to know which is the father, the court of appeal has said. One of the twins was registered as the father on the birth certi...
One twin wanted to take parental responsibility from the other for child P after both had sex with child’s mother A woman who had sex with identical twins within four days of each other is unable to ensure one of them takes parental responsibility because it is “not possible” to know which is the father, the court of appeal has said. One of the twins was registered as the father on the birth certificate of the child, referred to as P. His identical twin, along with the mother, sought to take over parental responsibility by asking the court of appeal to overturn a previous family court decision. Continue reading...