The market is back within sight of record highs, but that doesn't mean every stock is following suit. Plenty of stocks are sinking despite the bigger, broader bullish tide. Some of these stocks shouldn't be sinking, though. They're due to recover sooner or later, and likely sooner, making their recent weakness a fantastic long-term buying opportunity. Here's a closer look at two of the best growth...
The market is back within sight of record highs, but that doesn't mean every stock is following suit. Plenty of stocks are sinking despite the bigger, broader bullish tide. Some of these stocks shouldn't be sinking, though. They're due to recover sooner or later, and likely sooner, making their recent weakness a fantastic long-term buying opportunity. Here's a closer look at two of the best growth bets among this bunch. Image source: Getty Images. Continue reading
SK Hynix's US Offering Reportedly Seven Times Oversubscribed The KOSPI struggled for direction overnight, erasing most of an opening rally that briefly pushed the South Korean main equity index up as much as 4.1%. The real strength was in memory stocks, with SK Hynix surging as much as 10% as investors piled back in. This move comes as Bloomberg reports the company's US ADR listing is more than se...
SK Hynix's US Offering Reportedly Seven Times Oversubscribed The KOSPI struggled for direction overnight, erasing most of an opening rally that briefly pushed the South Korean main equity index up as much as 4.1%. The real strength was in memory stocks, with SK Hynix surging as much as 10% as investors piled back in. This move comes as Bloomberg reports the company's US ADR listing is more than seven times oversubscribed, underscoring strong institutional demand. The report said SK Hynix is selling 177.9 million American depositary receipts, with each ADR equal to one-tenth of a common share. Based on the memory giant's Wednesday close in Seoul, the offering could raise about $24.5 billion, putting it among one of the largest US debuts by a foreign company and just behind Alibaba Group's record $25 billion listing. Demand for the ADR listing has mostly come from global long-only funds, technology-focused investors, sovereign wealth funds, and Asia-focused funds, the report said, adding that Baillie Gifford, Coatue Management, and Situational Awareness Partners have indicated interest in buying $7 billion of the ADRs. Banks leading the deal stopped taking orders late Wednesday, with pricing slated for Thursday. Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase are leading the offer along with nine other firms. ADRs are expected to begin trading on the Nasdaq Global Select Market on Friday under the symbol SKHYV, before switching to regular-way trading on SKHY the following Monday. Shares in South Korea rebounded on Thursday, surging more than 10%. However, shares remain down 25% since peaking last month. Barclays analyst Mitul Kotecha noted, "The US ADR listing of SK Hynix could provide some further near-term support for the KRW, but much is in the price. Foreign selling of Korean stocks remains relentless and a likely major headwind further out. Our impulse-response analysis decomposes the different factors driving the selling." The ADR deal comes amid a...
Dollar Tree authorized a $2.5 billion buyback and posted 120 bps of gross margin expansion, prompting upgrades from Raymond James and Goldman Sachs despite lingering weak foot traffic.
Dollar Tree authorized a $2.5 billion buyback and posted 120 bps of gross margin expansion, prompting upgrades from Raymond James and Goldman Sachs despite lingering weak foot traffic.
In this article META Follow your favorite stocks CREATE FREE ACCOUNT A worker stands inside the Meta Lab in Los Angeles, California, U.S., May 20, 2026. Daniel Cole | Reuters Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computing power to 14 gigawatts next year, according to an internal memo reviewed by Reuters. The...
In this article META Follow your favorite stocks CREATE FREE ACCOUNT A worker stands inside the Meta Lab in Los Angeles, California, U.S., May 20, 2026. Daniel Cole | Reuters Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computing power to 14 gigawatts next year, according to an internal memo reviewed by Reuters. The tech firm's data center chip, code-named "Iris", is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) that it will design in-house. The plan is to use custom-built silicon to improve the AI that powers its Facebook and Instagram social media platforms. Testing the chip took only six weeks and found no major issues, the memo showed. That relatively quick progress signals positive momentum for an in-house effort that has floundered since its launch more than half a decade ago. Meta tailored the chip for its own needs and is working with Broadcom AVGO.O to help design it and Taiwan Semiconductor Manufacturing Co 2330.TW to manufacture it. The approach is likely to help the firm lower its massive computing costs and gain more independence from chip suppliers such as Nvidia and Advanced Micro Devices . The bug-testing completion and production timing have not been previously reported. Meta declined to comment. The chip is aimed at augmenting the large quantities of graphics processing units (GPUs) used for AI applications that Meta purchases from Nvidia and AMD. However, adopting the latest GPUs at a firm as large as Meta "has been a heavy lift, and it has cost us time," the memo showed. Meta unveiled Iris under its technical name in March along with three other AI processors. It plans to launch a chip about every six months through 2027, whereas typically firms release AI chips at intervals of a year or more. Seven gigawatts of computing in 2026 Meta this year plans to deploy seven gigawatts of computing infrastructure, the memo showed. It p...
Investing.com -- IBM, ServiceNow, and Salesforce shares are down in premarket trading on Thursday after a report that Starbucks is developing in-house software using artificial intelligence that could replace applications it currently buys from outside vendors.
Investing.com -- IBM, ServiceNow, and Salesforce shares are down in premarket trading on Thursday after a report that Starbucks is developing in-house software using artificial intelligence that could replace applications it currently buys from outside vendors.
Marex Group ( MRX ) agreed to acquire Bright Point International to strengthen its presence in the Asia-Pacific region and expand access to China's markets. Singapore-based BPI is a multi-asset clearing business with strong Asia-Pacific and China-focused client relationships. The acquisition will add ~$800M in client balances and more than 70 employees across Singapore, Hong Kong, China, Norway, a...
Marex Group ( MRX ) agreed to acquire Bright Point International to strengthen its presence in the Asia-Pacific region and expand access to China's markets. Singapore-based BPI is a multi-asset clearing business with strong Asia-Pacific and China-focused client relationships. The acquisition will add ~$800M in client balances and more than 70 employees across Singapore, Hong Kong, China, Norway, and the UK. The transaction is expected to close in late 2026 or early 2027. More on Marex Group Marex Group: Strong Growth, Cheap Valuation, But Still A Volatility-Driven Story Marex Group plc (MRX) Q1 2026 Earnings Call Transcript Marex Group plc 2026 Q1 - Results - Earnings Call Presentation Key deals this week: Mobix Labs, MGM Resorts, Cloudflare, and more Marex acquires liquidity provider Levmet
(RTTNews) - Nutritional snack maker Simply Good Foods Co. (SMPL) reported Thursday a net loss for the third quarter of $51.97 million or $0.58 per share, compared to net income of $41.10 million or $0.40 per share in the prior-year quarter.
(RTTNews) - Nutritional snack maker Simply Good Foods Co. (SMPL) reported Thursday a net loss for the third quarter of $51.97 million or $0.58 per share, compared to net income of $41.10 million or $0.40 per share in the prior-year quarter.
Enovix ( ENVX ) appointed former Apple executive Michael Vyvoda as chief operating officer, effective July 29, 2026. The appointment supports Enovix's commercialization efforts as it ramps production of its silicon-anode battery platforms. More on Enovix Enovix: Massive Battery Potential, Persistent Execution Problems Enovix Corporation (ENVX) Q1 2026 Earnings Call Transcript Enovix Corporation 20...
Enovix ( ENVX ) appointed former Apple executive Michael Vyvoda as chief operating officer, effective July 29, 2026. The appointment supports Enovix's commercialization efforts as it ramps production of its silicon-anode battery platforms. More on Enovix Enovix: Massive Battery Potential, Persistent Execution Problems Enovix Corporation (ENVX) Q1 2026 Earnings Call Transcript Enovix Corporation 2026 Q1 - Results - Earnings Call Presentation Enovix projects $8M-$9M Q2 revenue as smart eyewear ramps and Korea pipeline exceeds $130M Enovix sinks as losses widen; commercialization timeline remains in focus