Japanese flash memory maker Kioxia Holdings Corp. said it will promote Executive Vice President Hiroo Oota to the roles of chief executive officer and president, changing leadership at a time it’s working to expand its presence in the booming memory chip market. Oota, 63, will succeed Nobuo Hayasaka , 70, who will become a senior executive adviser. The leadership change will take effect following ...
Japanese flash memory maker Kioxia Holdings Corp. said it will promote Executive Vice President Hiroo Oota to the roles of chief executive officer and president, changing leadership at a time it’s working to expand its presence in the booming memory chip market. Oota, 63, will succeed Nobuo Hayasaka , 70, who will become a senior executive adviser. The leadership change will take effect following shareholder approval at the company’s annual meeting scheduled for June. Oota has spent most of his career in the semiconductor business, having joined Toshiba Corp. in 1985. He previously served in engineering roles at Toshiba Memory Corp. , which was later renamed Kioxia. Tokyo-based Kioxia said that its board determined the time is appropriate for a transition, as the company marks the one-year anniversary of its initial public offering and looks to accelerate growth amid a surge in demand for memory chips driven by artificial intelligence.
A record wave of AI spending has boosted hardware providers like Samsung Electronics SK Hynix. Counterpoint Research Principal AI Analyst Wei Sun breaks down some of the forces propelling market moves. (Source: Bloomberg)
A record wave of AI spending has boosted hardware providers like Samsung Electronics SK Hynix. Counterpoint Research Principal AI Analyst Wei Sun breaks down some of the forces propelling market moves. (Source: Bloomberg)
JHVEPhoto/iStock Editorial via Getty Images In late October, I upgraded General Mills, Inc. ( GIS ) to a buy rating. I expressed my belief that better days were ahead, as there were some signs of stabilization and the valuation was near multiyear lows. Since then, the stock has continued to slump, as it's now down around 9% since the publication of my update. The company reported their most recent...
JHVEPhoto/iStock Editorial via Getty Images In late October, I upgraded General Mills, Inc. ( GIS ) to a buy rating. I expressed my belief that better days were ahead, as there were some signs of stabilization and the valuation was near multiyear lows. Since then, the stock has continued to slump, as it's now down around 9% since the publication of my update. The company reported their most recent results mid last month, and so today, we'll see if I have indeed jumped the gun with my upgrade. Seeking Alpha Below, it is shown that Q2 was painful but a decent quarter for the company. Organic sales declines have slowed, and they were able to beat top and bottom line expectations. The company also laid out their priorities for FY2026 that make sense, and if they are able to execute, it seems the long term outlook is solid. General Mills failed to deliver a beat and raise, but full-year guidance still shows that the worst is likely over. Especially when considering that the valuation remains at rock-bottom levels, I still see brighter days ahead for the company and for the stock. Therefore, I'm reiterating my buy rating. Q2 Sales Analysis Data by YCharts For FY2026 Q2, General Mills posted rather worrying top-line results. They had net sales of $4.861 billion, which represents a decline of 7% YoY. As you can see in the chart above, the overall downtrend in growth doesn't seem to have ended, and in fact, Q2 represented the worst sales decline in the past few years. Therefore, it seems that their business is seeing a worsening trajectory. Still, General Mills beat analyst expectations by $78.14 million, and so results were better than feared. General Mills Q2 Presentation While reported declines worsened, as a potentially encouraging sign, their organic net sales actually only decreased by 1% YoY. That is an improvement from the previous quarter's 3% decline. Since organic sales are usually a better reflection of a company's core business activity, I would say that there a...
With a partial US government shutdown looming, Senate Democrats laid out a list of demands on Wednesday for the Department of Homeland Security, including an enforceable code of conduct for federal agents conducting immigration arrests and a requirement that officers show identification as the country reels from the deaths of two protesters at the hands of federal agents in Minneapolis. It remaine...
With a partial US government shutdown looming, Senate Democrats laid out a list of demands on Wednesday for the Department of Homeland Security, including an enforceable code of conduct for federal agents conducting immigration arrests and a requirement that officers show identification as the country reels from the deaths of two protesters at the hands of federal agents in Minneapolis. It remained unclear if US President Donald Trump and Republicans would be willing to meet those demands, even as funding for DHS and a swathe of other government agencies was at risk of expiring on Saturday. Irate Democrats have pledged to block a spending bill unless their demands for reforms are met. Senate Democratic leader Chuck Schumer said on Wednesday that the legislation won’t pass until US Immigration and Customs Enforcement is “reined in and overhauled”. Advertisement “The American people support law enforcement, they support border security, they do not support ICE terrorising our streets and killing American citizens,” Schumer said. ICE agents look for someone at a home in Circle Pines, Minnesota. Photo: AFP With an uncertain path ahead, the stand-off threatened to plunge the country into another shutdown just two months after Democrats blocked a spending bill over expiring federal healthcare subsidies, a dispute that closed the government for 43 days as Republicans refused to negotiate.
By Aditya Soni and Deborah Mary Sophia Jan 29 (Reuters) - Investors responded to Big Tech earnings this week with a stark warning: they will forgive record spending that brings solid growth, but punish companies if not, showing how much the stakes have changed since ChatGPT's launch more than three years ago. Revenue at Facebook owner Meta Platforms surged 24% in the December quarter, benefiting ...
By Aditya Soni and Deborah Mary Sophia Jan 29 (Reuters) - Investors responded to Big Tech earnings this week with a stark warning: they will forgive record spending that brings solid growth, but punish companies if not, showing how much the stakes have changed since ChatGPT's launch more than three years ago. Revenue at Facebook owner Meta Platforms surged 24% in the December quarter, benefiting from online ad targeting bolstered by artificial intelligence. AI also powered a first-quarter revenue forecast that trounced estimates, showing that Meta's growing sales could fund data-center spending expected to surge as much as 87% this year to $135 billion. "Meta's headline numbers are a really interesting reflection of the market’s attitude toward spending in AI space," said John Belton, portfolio manager at Gabelli Funds. "All else equal, the market would typically be concerned, but they have a big revenue guide for the first quarter." Microsoft reported growth in its Azure cloud-computing business that was only slightly above expectations, also far lagging record quarterly spending. The disclosure that prized holding OpenAI accounts for 45% of the backlog was worrying, as some $280 billion may be at risk as the unprofitable startup loses momentum in the AI race. "Microsoft's deep ties to OpenAI underpin its leadership in enterprise AI, but they also introduce concentration risk," said Zavier Wong, market analyst at eToro. The ChatGPT creator had issued an internal "code-red" in December after Google's Gemini 3 launched to positive reviews and is playing catch-up in AI coding to Anthropic's Claude Code, which has hit an annualized run rate of more than $1 billion. Microsoft's shares fell 6.5% in after-hours trading on Wednesday, while Meta's spiked 10%. After riding its first-mover advantage with OpenAI to secure the crown of the world's most valuable firm in 2024, Microsoft is now under growing investor pressure to justify its soaring capital outlay. It predict...
Key Points Remitly is growing quickly in the overlooked remittance market. The company has rolled out new products, including a subscription that should drive growth and strengthen its competitive advantage. The stock is trading at just 5 times its 2028 EBITDA forecast. 10 stocks we like better than Remitly Global › Remittances don't get much attention from investors, but hundreds of billions of d...
Key Points Remitly is growing quickly in the overlooked remittance market. The company has rolled out new products, including a subscription that should drive growth and strengthen its competitive advantage. The stock is trading at just 5 times its 2028 EBITDA forecast. 10 stocks we like better than Remitly Global › Remittances don't get much attention from investors, but hundreds of billions of dollars are sent across borders every year from immigrants and temporary workers providing for their families and others in their home countries. Traditional players in the space include Western Union and MoneyGram, but no company is growing faster in the remittance space than Remitly Global (NASDAQ: RELY), a digital-first fintech company that has grown quickly by expanding its addressable market within remittances and adding a premium, subscription-based tier. 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 » Remitly went public in 2021, and the stock has mostly struggled since then despite delivering consistently strong growth. The stock is down by roughly two-thirds since it listed its shares for $43. Why is Remitly down? A combination of slowing revenue growth, concerns about stricter immigration policy in the U.S., and minimal profits has weighed on the stock, even though management seems to be executing on its goals. For example, revenue rose 25% to $419.5 million on a 35% increase in send volume to $19.5 million with a lower take rate reflecting a strategic shift to expand its market. The company is now profitable on a generally accepted accounting principles (GAAP) with net income of $8.8 million in the third quarter, showing its margins are still minimal. At its Investor Day conference in December, the company gave guidance through 2028, saying it forecast revenue growth in the high teens in 2026, and sees revenue of $2.6 billion-$3 billion in 2028, implying a compound annual growth...
In this article .FKRX300 NVDA .FKRX300 SSNHZ Follow your favorite stocks CREATE FREE ACCOUNT The SK Hynix Inc. logo is displayed on a glass door at the company's office in Seoul, South Korea, on Monday, Jan. 27, 2014. SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year. SeongJoon Cho | Bloomberg | Getty Images SK Hy...
In this article .FKRX300 NVDA .FKRX300 SSNHZ Follow your favorite stocks CREATE FREE ACCOUNT The SK Hynix Inc. logo is displayed on a glass door at the company's office in Seoul, South Korea, on Monday, Jan. 27, 2014. SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year. SeongJoon Cho | Bloomberg | Getty Images SK Hynix beat rival Samsung Electronics in operating profit for the first time in 2025, as it retained its lead in high-bandwidth memory used in artificial intelligence chips. The two South Korean memory makers went head-to-head this week, with SK Hynix reporting earnings on Wednesday and Samsung on Thursday morning local time. SK Hynix posted a record operating profit of 47.2 trillion won for the full year, surpassing Samsung's 43.6 trillion won. The comparison underscores SK Hynix's ascension in South Korea's tech space since it was acquired by SK Telecom for about $3 billion in 2012. SK Hynix focuses almost entirely on memory chips, while Samsung operates across multiple businesses, including consumer electronics and contract chip manufacturing. Samsung's memory segment generated operating profits of about 24.9 trillion won in 2025. SK Hynix's success is in large part thanks to its entrenched position as the global leader in high-bandwidth memory, or HBM, a specialized chip used in AI processors and servers such as those produced by Nvidia . "SK Hynix is clearly an outstanding 'AI Winner' in Asia," said MS Hwang, research director at Counterpoint Research, adding that its lead in quality and supply of HBMs and other chips used in AI servers has been crucial in the current phase of the AI infrastructure boom. SK Hynix has maintained its market lead in both areas, even as Samsung regained the top spot in memory revenue rankings in the fourth quarter of 2025, said Hwang. However, competition is ramping up. While SK Hynix managed to gain an early lead in HBM and secured the lion'...
China and Britain need to deepen dialogue and strengthen cooperation amid an increasingly complex international environment, Chinese President Xi Jinping said as he began talks with Britain’s Prime Minister Keir Starmer. In brief opening remarks at their meeting on Thursday, the Chinese leader said Beijing was willing to work with Britain. “China stands ready to work with the UK to foster a long-t...
China and Britain need to deepen dialogue and strengthen cooperation amid an increasingly complex international environment, Chinese President Xi Jinping said as he began talks with Britain’s Prime Minister Keir Starmer. In brief opening remarks at their meeting on Thursday, the Chinese leader said Beijing was willing to work with Britain. “China stands ready to work with the UK to foster a long-term and stable comprehensive strategic partnership,” Xi said. Advertisement Starmer, who started his four-day visit to China on Wednesday, is on a mission to repair his country’s relations with Beijing , after ties soured under the Conservative Party despite its earlier efforts to establish a “golden era” in relations between the two countries. It is the first visit to China by a British prime minister since Theresa May’s trip in 2018. Starmer told Xi that it had been “far too long” since the last visit to China by a British leader, calling China a “vital player” on the world stage. Advertisement In his opening remarks, he stressed the importance of the trading relationship between the two economies and said Britain hoped to advance ties with Beijing to deliver global growth and stability.
Texas Instruments posted a technical earnings miss. Investors shrugged and bought the stock anyway. Shares of Texas Instruments (TXN +9.94%) ended Wednesday's trading 9.9% above Tuesday's closing price. The semiconductor veteran reported Q4 2025 results on Tuesday evening, offering an unusual mix of hits and misses. Expand NASDAQ : TXN Texas Instruments Today's Change ( 9.94 %) $ 19.54 Current Pri...
Texas Instruments posted a technical earnings miss. Investors shrugged and bought the stock anyway. Shares of Texas Instruments (TXN +9.94%) ended Wednesday's trading 9.9% above Tuesday's closing price. The semiconductor veteran reported Q4 2025 results on Tuesday evening, offering an unusual mix of hits and misses. Expand NASDAQ : TXN Texas Instruments Today's Change ( 9.94 %) $ 19.54 Current Price $ 216.17 Key Data Points Market Cap $179B Day's Range $ 203.72 - $ 216.59 52wk Range $ 139.95 - $ 221.69 Volume 20M Avg Vol 7.4M Gross Margin 57.48 % Dividend Yield 2.80 % A mixed earnings report with a silver lining Let's start with the usual headline figures. TI's revenue rose 10% year over year to $4.42 billion. The analyst consensus called for $4.45 billion, so it was a slight miss. Unadjusted earnings fell 2%, landing at $1.27 per diluted share. Here, Wall Street was looking for $1.29 per share. The bottom line included unexpected charges of $0.06 per share related to goodwill impairment and tax items. Without these one-time items, TI's earnings result would have been more than enough. So TI fell short of the usual market-moving targets. But investors were quick to brush off these minor disappointments to focus on several positive surprises instead. Guidance for the next quarter was consistently above the current Street projections. A new chip-making facility in Sherman, Texas, is ramping up production ahead of schedule. Among other items, this factory produces voltage regulators for high-powered computers, ultimately serving the lucrative data center market. That's an ideal segment for beating forecasts. Data center orders rose by a staggering 70% year over year. That wasn't even a reporting segment last year. Still, the data center business is now large enough to deserve its own year-end commentary with detailed financials delivered on the earnings call. Made in America, sold to data centers TI sees manufacturing as a competitive advantage. Its in-house chip-makin...