Aircraft engine maker Pratt & Whitney said it has reduced the number of planes grounded for maintenance by a fifth from a peak last year, suggesting the worst is over for a crisis that’s bedeviled the single-aisle jet industry for years. “We’re down over 20% from our peak last year,” Rick Deurloo , Pratt & Whitney’s president of commercial engines, said at the Singapore Airshow on Wednesday. “We a...
Aircraft engine maker Pratt & Whitney said it has reduced the number of planes grounded for maintenance by a fifth from a peak last year, suggesting the worst is over for a crisis that’s bedeviled the single-aisle jet industry for years. “We’re down over 20% from our peak last year,” Rick Deurloo , Pratt & Whitney’s president of commercial engines, said at the Singapore Airshow on Wednesday. “We are making great progress but have lots of work to do.” Read More: Cebu Air Sees Slower 2026 Capacity Growth on Supply Chain Issues The company predicted that groundings affecting the Airbus SE A220 and Embraer SA E2 regional jets will be fully resolved by the end of year. But putting behind remaining issues with the more widely-used A320neo family aircraft will still take a few years, Deurloo said. Read More: Wizz CEO Sees 20% Growth on Airbus Jets, Fewer Groundings The manufacturer has had to grapple with contaminated metal powder in its GTF geared turbofan engines, forcing airlines around the world to ground some of their A320-family fleet while the components are replaced. That’s complicated operations for airlines including Wizz Air Holdings Plc, which flies only Airbus A320 family jets. Pratt & Whitney is rolling out several engine improvements to boost their reliability and durability. These include the GTF Advantage model by the second half of the year that promises twice the time on wing before its next maintenance cycle.
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Arista Networks (ANET) is back in focus after recent research coverage and institutional letters highlighted its zero long-term debt, sizeable liquidity, and central role in AI data center buildouts for hyperscalers such as Meta and Microsoft. See our latest analysis for Arista Networks. Tho...
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Arista Networks (ANET) is back in focus after recent research coverage and institutional letters highlighted its zero long-term debt, sizeable liquidity, and central role in AI data center buildouts for hyperscalers such as Meta and Microsoft. See our latest analysis for Arista Networks. Those bullish research notes and fund letters come after a period where momentum has cooled in the short term, with a 7 day share price return of 4.98% and a relatively flat 90 day move. However, the 1 year total shareholder return of 24.10% and very large 5 year total shareholder return suggest longer term buyers who stayed invested have been well rewarded. If Arista’s AI data center story has your attention, it could be a good moment to see what else is moving in high growth tech and AI stocks beyond the usual big names. With Arista posting double digit annual revenue and net income growth, a 24.10% 1 year total return and trading about 18% below the average analyst price target, investors may ask whether this is a buying opportunity or whether future growth is already reflected in the current price. Most Popular Narrative: 14.7% Undervalued Arista Networks' most followed narrative pegs fair value at $163.37 per share, above the last close of $139.39, which sets up a valuation gap worth understanding. Accelerated adoption of AI and machine learning workloads is significantly increasing demand for high bandwidth, low latency networking infrastructure, and Arista's leadership with its Etherlink and 7800 spine platforms, as well as new standards (Ultra Ethernet Consortium, UALink), positions it to win incremental share and revenue from AI data center buildouts, supporting both current and future revenue growth. Read the complete narrative. Analysts are incorporating faster growth than the broader US market, high margins and a richer future earnings multiple to reach that fair v...
Discounts on Russian oil being offered to Indian refiners have widened over the past 10 days, raising the question of whether processors will be encouraged to snap up cargoes despite a trade agreement with the US that hinges on lower purchases. Russia’s flagship Urals grade is being offered at more than $10 a barrel below Brent, inclusive of shipping and other costs, traders involved in the purcha...
Discounts on Russian oil being offered to Indian refiners have widened over the past 10 days, raising the question of whether processors will be encouraged to snap up cargoes despite a trade agreement with the US that hinges on lower purchases. Russia’s flagship Urals grade is being offered at more than $10 a barrel below Brent, inclusive of shipping and other costs, traders involved in the purchases said, asking not to be named as the information isn’t public. According to market intelligence firm Argus, which puts discounts at around $11 a barrel, the figure stood at $9.15 until Jan. 22. The current markdown is also at least three times the level quoted by traders before the US sanctioned Russian producers Rosneft PJSC and Lukoil PJSC last October. Discounts can vary depending on payment conditions. President Donald Trump announced on Monday that the US would cut import tariffs on Indian goods in exchange for India ceasing to take Russian oil. While Prime Minister Narendra Modi confirmed the pact, he didn’t comment specifically on crude or other details, leaving refiners to pause purchases and seek clarity from New Delhi. India, not traditionally a major buyer of Russian oil, turned to the producer after the invasion of Ukraine in early 2022 — driven by discounts. Purchases have eased over recent months but still averaged around 1.2 million barrels a day in January, according to Kpler, compared with a peak of 2 million barrels a day. Read More: India’s Refiners Seek Clarity on Russian Oil After Trump Deal India is “unlikely to fully disengage” from Russian oil in the near term, Kpler said in a note on Tuesday. Imports are expected to remain broadly stable in the 1.1 million to 1.3 million barrels a day range through the first quarter and early into the next, the data intelligence firm said. Kpler put Urals discounts at around $9 a barrel to ICE Brent to India, some $4 to $5 cheaper than Venezuelan barrels.
The data center company has signed blockbuster leases that will deliver billions of dollars in revenue. Artificial intelligence (AI) is already changing the world. However, it's also becoming evident that AI consumes computing power and resources to a degree unlike any previous technology, and traditional data centers aren't up to the task of supporting it. Applied Digital (APLD +5.34%) is among a...
The data center company has signed blockbuster leases that will deliver billions of dollars in revenue. Artificial intelligence (AI) is already changing the world. However, it's also becoming evident that AI consumes computing power and resources to a degree unlike any previous technology, and traditional data centers aren't up to the task of supporting it. Applied Digital (APLD +5.34%) is among a new crop of companies specializing in building high-tech data centers specifically engineered for AI's needs. The company expects explosive growth as it brings new data centers online over the next few years. But could buying this growth stock today help make you a millionaire? Cashing in on the AI data center boom Applied Digital started in the cryptocurrency space, building data centers dedicated to Bitcoin mining. But with hundreds of billions of dollars pouring into AI data centers over the past few years and demand for high-performance computing infrastructure outpacing supply, the company has shifted its focus. According to a study by McKinsey & Company, total data center expenditures could reach $7 trillion by 2030, with the lion's share of those outlays supporting AI. Right now, Applied Digital is building two new AI data center campuses -- Polaris Forge 1 and Polaris Forge 2, which will have total capacities of 450 megawatts (MW) and 300 MW, respectively. The company expects to complete both projects in 2027. It has also begun construction on Delta Forge 1, another campus with an initial capacity of 430 MW, which could begin operations by mid-2027. There is significant revenue growth ahead for the company as these data centers come online. Applied Digital has signed lease deals with CoreWeave totaling $11 billion in revenue over 15 years. It also signed a lease agreement valued at approximately $5 billion over 15 years with another AI company that it has yet to name. Expand NASDAQ : APLD Applied Digital Today's Change ( 5.34 %) $ 1.86 Current Price $ 36.66 Key Dat...
Rambus is well-positioned for datacenter trends, as it is a nuts-and-bolts play that connects the brains of AI with low-latency, high-bandwidth solutions
Rambus is well-positioned for datacenter trends, as it is a nuts-and-bolts play that connects the brains of AI with low-latency, high-bandwidth solutions
Brothers of Renee Good call for action in Congress toggle caption Rod Lamkey/AP WASHINGTON — The brothers of Renee Good, one of two U.S. citizens killed by federal immigration officers in Minneapolis, called on Congress to do something about the violence on American streets as a result of immigration operations, warning Tuesday that the scenes playing out are "changing many lives, including ours, ...
Brothers of Renee Good call for action in Congress toggle caption Rod Lamkey/AP WASHINGTON — The brothers of Renee Good, one of two U.S. citizens killed by federal immigration officers in Minneapolis, called on Congress to do something about the violence on American streets as a result of immigration operations, warning Tuesday that the scenes playing out are "changing many lives, including ours, forever." Good, a 37-year-old mother of three, was shot and killed Jan. 7. Her death and that of another protester, Alex Pretti, just weeks later have sparked outrage across the country and calls to rein in immigration enforcement. Brothers Luke and Brett Ganger spoke during a hearing held Tuesday by congressional Democrats to highlight use-of-force incidents by officers from the Department of Homeland Security as they arrest and deport immigrants. The mood was somber as the brothers spoke, often comforting each other as they talked and listened to others speaking. Sponsor Message Luke Ganger, speaking of the "deep distress" the family felt at losing their sister in "such a violent and unnecessary way," didn't specify what they wanted from Congress but painted his sister's death as a turning point that should inspire change in operations such as those going on in Minneapolis. "The completely surreal scenes taking place on the streets of Minneapolis are beyond explanation. This is not just a bad day, or a rough week, or isolated incidents," he said. "These encounters with federal agents are changing the community and changing many lives, including ours, forever." The forum was put on by Sen. Richard Blumenthal, D-Conn., and Rep. Robert Garcia, D-Calif., to spotlight use-of-force complaints against Homeland Security officers tasked with carrying out President Donald Trump's mass deportation agenda. Trump administration officials said Good tried to run over an officer with her vehicle. State and local officials in Minneapolis, as well as protesters, have rejected that characte...
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
In a wide-ranging conversation about artificial intelligence, software development, and infrastructure constraints, Microsoft NASDAQ: MSFT executive Kevin Scott said AI progress has accelerated faster than he expected, even if the direction of change has been foreseeable for years. Scott described today’s AI models as already “way more powerful than what people are using them for,” and argued that...
In a wide-ranging conversation about artificial intelligence, software development, and infrastructure constraints, Microsoft NASDAQ: MSFT executive Kevin Scott said AI progress has accelerated faster than he expected, even if the direction of change has been foreseeable for years. Scott described today’s AI models as already “way more powerful than what people are using them for,” and argued that the biggest near-term challenge is not just building more capable systems, but learning how to apply existing capabilities with judgment and purpose. Get Microsoft alerts: Sign Up AI progress is accelerating, with “capabilities overhang” Scott said that even seven years ago it appeared likely that “scaling laws were gonna work” and that increasingly capable models would behave like a platform others could build on. What has surprised him is the speed of the acceleration, not the underlying trajectory. He also said the industry is “not yet at the point of diminishing marginal return” on capability improvements in the infrastructure and platforms driving AI. At the same time, he sees a “capabilities overhang,” with real-world usage lagging what the technology can do. Software development: more code, but review becomes the bottleneck Scott pointed to coding as the clearest example of advanced utilization of AI model capability. He described an “absolute frenzy” in software development and said even highly experienced developers are struggling to keep up with the pace of change. He argued that AI shifts software engineering away from the mechanics of typing code and toward the fundamentals good engineers have always focused on: understanding what to build, why it matters, and how value is created. Scott emphasized that producing code is not the same as producing good code, warning that teams can “spray a bunch of stuff” using coding agents without improving outcomes. In his view, “review has become the bottleneck,” and teams need to avoid confusing “activity and progress.” He ...
For those who had their Super Bowl dreams dashed by the Patriots in the past, there are some uneasy similarities with how Vrabel and Maye have emulated the Brady and Belichick axis. At just 23, Maye could become the youngest quarterback to win the Super Bowl so he's younger than Brady was, but both have made the big game in their second season. Maye is just the third quarterback to make the Super ...
For those who had their Super Bowl dreams dashed by the Patriots in the past, there are some uneasy similarities with how Vrabel and Maye have emulated the Brady and Belichick axis. At just 23, Maye could become the youngest quarterback to win the Super Bowl so he's younger than Brady was, but both have made the big game in their second season. Maye is just the third quarterback to make the Super Bowl after generating under 17 points on offence in multiple play-off games - Brady's 2001 Pats offence failed to put 17 on the board in all three games. Weather played a part in all three play-off games but Vrabel's defence was still excellent and coming through such tight encounters like that in the post-season is exactly how Brady and Belichick made their names. In fact, New England's win over Denver was just the fourth time since 2001 that a quarterback generated 14 points or fewer on offence and still won a Championship game or Super Bowl - Brady was part of the other three. Maye spreads the ball out like Brady used to, with nine players this season having at least 200 receiving yards, and often pops up with the crucial play at the crucial time, albeit more with his legs than his arm. Of Maye's 16 runs in the play-offs, 12 have gone for a touchdown or first down - Brady had the same kind of magic in his arm to lead his team's to glory. So a tough, defensive coach, a talented, focused quarterback happy to win any way possible, some key drafting and expert free agent pick-ups have resulted in a team able to blow teams away or grind out tough play-off wins home and away. That sure sounds familiar, and it will be a familiar sight in Santa Clara as the Patriots will have appeared in 20% of all Super Bowls come Sunday - and the concern for the rest of the NFL is that this could be just the start.
Novartis press release ( NVS ): Q4 Non-GAAP EPS of $2.03 beats by $0.03 . Revenue of $13.34B (+1.4% Y/Y) misses by $740M . Net sales -1% (cc, +1% USD), impacted by US generic erosion and revenue deduction adjustments; core operating income +1% (cc, +1% USD). Free cash flow amounted to USD 1.7 billion (-54%), driven by lower net cash flows from operating activities. Dividend of CHF 3.70 per share, ...
Novartis press release ( NVS ): Q4 Non-GAAP EPS of $2.03 beats by $0.03 . Revenue of $13.34B (+1.4% Y/Y) misses by $740M . Net sales -1% (cc, +1% USD), impacted by US generic erosion and revenue deduction adjustments; core operating income +1% (cc, +1% USD). Free cash flow amounted to USD 1.7 billion (-54%), driven by lower net cash flows from operating activities. Dividend of CHF 3.70 per share, an increase of 5.7%, proposed for 2025. 2026 guidance – Net sales expected to grow low single-digit and core operating income expected to decline low single-digit. "In 2026, we expect to grow through the largest patent expiry in Novartis history, underscoring the strength of our business, and remain well on track to deliver our mid-term guidance." More on Novartis Novartis: Upside Increasingly Capped, 2026 Will Be A Transition Year (Rating Downgrade) Novartis AG (NVS) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Novartis AG (NVS) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Novartis Q4 2025 Earnings Preview SA analyst upgrades/downgrades: GM, UBER, UNH, NVS
Novartis press release ( NVS ): Q4 Non-GAAP EPS of $2.03 beats by $0.03 . Revenue of $13.34B (+1.4% Y/Y) misses by $740M . Net sales -1% (cc, +1% USD), impacted by US generic erosion and revenue deduction adjustments; core operating income +1% (cc, +1% USD). Free cash flow amounted to USD 1.7 billion (-54%), driven by lower net cash flows from operating activities. Dividend of CHF 3.70 per share, ...
Novartis press release ( NVS ): Q4 Non-GAAP EPS of $2.03 beats by $0.03 . Revenue of $13.34B (+1.4% Y/Y) misses by $740M . Net sales -1% (cc, +1% USD), impacted by US generic erosion and revenue deduction adjustments; core operating income +1% (cc, +1% USD). Free cash flow amounted to USD 1.7 billion (-54%), driven by lower net cash flows from operating activities. Dividend of CHF 3.70 per share, an increase of 5.7%, proposed for 2025. 2026 guidance – Net sales expected to grow low single-digit and core operating income expected to decline low single-digit. "In 2026, we expect to grow through the largest patent expiry in Novartis history, underscoring the strength of our business, and remain well on track to deliver our mid-term guidance." More on Novartis Novartis: Upside Increasingly Capped, 2026 Will Be A Transition Year (Rating Downgrade) Novartis AG (NVS) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Novartis AG (NVS) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Novartis Q4 2025 Earnings Preview SA analyst upgrades/downgrades: GM, UBER, UNH, NVS
Key Points Software stocks continue to tumble on AI-driven fears. Investors seem to think Microsoft is overspending on capital expenditures. The stock is trading at a modest discount to the S&P 500. 10 stocks we like better than Microsoft › Nearly a week after software stocks plunged in response to earnings reports from industry heavyweights like Microsoft (NASDAQ: MSFT), ServiceNow, and SAP that ...
Key Points Software stocks continue to tumble on AI-driven fears. Investors seem to think Microsoft is overspending on capital expenditures. The stock is trading at a modest discount to the S&P 500. 10 stocks we like better than Microsoft › Nearly a week after software stocks plunged in response to earnings reports from industry heavyweights like Microsoft (NASDAQ: MSFT), ServiceNow, and SAP that were less than perfect, the sector continued to plumb new depths. The iShares Expanded Tech-Software ETF, which tracks the cloud software sector, fell more than 5% on Tuesday and is now down 13% since Jan. 28. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Investors seem to fear that AI could disrupt the cloud software sector, enabling companies to develop tools in-house that could replace many of the subscription software products they use today, or at least reduce their dependence on them. The software-as-a-service (SaaS) sector has also historically traded at a sky-high multiple, and investors have been willing to allow these companies to spend generously on share-based compensation, often reporting generally accepted accounting principles (GAAP) net losses. Today, many large, well-known software companies are still losing money on a GAAP basis. However, Microsoft isn't one of them. The tech giant, which is probably the most diversified of the "Magnificent Seven" companies, is now down 26% from its peak just three months ago. While the broader sell-off in subscription software stocks makes sense since many of these companies don't have real cash flows to fall back on if their growth potential evaporates, Microsoft still looks rock-solid. What the numbers say Microsoft's latest earnings report offered little reason to explain the stock's 25% plunge, which has wiped off $1 trillion in its market cap. Overall revenue jumped 17% to $81.3 billion, paced by 39% growth from Azure, and adjust...