Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Aerospace & Defense ETF (Symbol: ITA) where we have detected an approximate $172.8 million dollar inflow -- that's a 1.3% increase w
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Aerospace & Defense ETF (Symbol: ITA) where we have detected an approximate $172.8 million dollar inflow -- that's a 1.3% increase w
hapabapa/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back on my radar after it was reported last week that the current CPU supply constraints due to the AI data center buildout led Intel and Advanced Micro Devices ( AMD ) to hike CPU prices, impacting PC and server makers. This pressure comes on top of the earlier memory crunch, which led many PC makers to increase prices acros...
hapabapa/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back on my radar after it was reported last week that the current CPU supply constraints due to the AI data center buildout led Intel and Advanced Micro Devices ( AMD ) to hike CPU prices, impacting PC and server makers. This pressure comes on top of the earlier memory crunch, which led many PC makers to increase prices across their offerings. The main issue that I see is that Intel still relies heavily on its traditional CPU businesses to support earnings. Its DCAI business is still far from the CCG segment in terms of both revenue and operating income. My disappointment with the company is mainly due to the fact that it is unable to satisfy the high demand for server CPUs. On top of that, many analysts expect the PC market to contract this year by as much as mid-single digits, which will directly impact the CCG segment. On the positive side, I now see two catalysts in the foundry business that could revive the optimism around this stock, despite the $2.5B operating loss in Q4 2025. In my view, any signed external customer (more likely in H2 than H1 this year) for 18A or 14A could meaningfully change sentiment and resume the bull run that began in August last year. In the meantime, I see raw fundamentals and a macro that doesn't support the consumer side of the CCG business. I discuss more below. Core x86 CPU Business Is Fragile Why does this even matter in the first place, anyway? Well, the company still depends heavily on x86 CPUs from an earnings perspective. Intel Last quarter, the Client Computing Group (CCG) recorded $2.2B in operating income. In comparison, the Data Center AI segment brought only $1.3B in operating income, and Intel Foundry lost $2.5B. Let's leave the loss of Intel Foundry on the side for now and focus on the CPU business. There are essentially two end markets here: PCs and servers. Let's start with PCs. This is a highly cyclical market, and I have strong reasons to bel...
hapabapa/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back on my radar after it was reported last week that the current CPU supply constraints due to the AI data center buildout led Intel and Advanced Micro Devices ( AMD ) to hike CPU prices, impacting PC and server makers. This pressure comes on top of the earlier memory crunch, which led many PC makers to increase prices acros...
hapabapa/iStock Editorial via Getty Images Intel Corporation ( INTC ) is back on my radar after it was reported last week that the current CPU supply constraints due to the AI data center buildout led Intel and Advanced Micro Devices ( AMD ) to hike CPU prices, impacting PC and server makers. This pressure comes on top of the earlier memory crunch, which led many PC makers to increase prices across their offerings. The main issue that I see is that Intel still relies heavily on its traditional CPU businesses to support earnings. Its DCAI business is still far from the CCG segment in terms of both revenue and operating income. My disappointment with the company is mainly due to the fact that it is unable to satisfy the high demand for server CPUs. On top of that, many analysts expect the PC market to contract this year by as much as mid-single digits, which will directly impact the CCG segment. On the positive side, I now see two catalysts in the foundry business that could revive the optimism around this stock, despite the $2.5B operating loss in Q4 2025. In my view, any signed external customer (more likely in H2 than H1 this year) for 18A or 14A could meaningfully change sentiment and resume the bull run that began in August last year. In the meantime, I see raw fundamentals and a macro that doesn't support the consumer side of the CCG business. I discuss more below. Core x86 CPU Business Is Fragile Why does this even matter in the first place, anyway? Well, the company still depends heavily on x86 CPUs from an earnings perspective. Intel Last quarter, the Client Computing Group (CCG) recorded $2.2B in operating income. In comparison, the Data Center AI segment brought only $1.3B in operating income, and Intel Foundry lost $2.5B. Let's leave the loss of Intel Foundry on the side for now and focus on the CPU business. There are essentially two end markets here: PCs and servers. Let's start with PCs. This is a highly cyclical market, and I have strong reasons to bel...
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Fidelity Enhanced Mid Cap ETF (Symbol: FMDE) where we have detected an approximate $197.3 million dollar inflow -- that's a 3.6% increase week over w
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Fidelity Enhanced Mid Cap ETF (Symbol: FMDE) where we have detected an approximate $197.3 million dollar inflow -- that's a 3.6% increase week over w
Federal Reserve Chair Jerome Powell said there’s tension currently between the central bank’s two main objectives. “There’s sort of downside risk to the labor market, which suggests keep rates low, but there’s upside risk to inflation, which suggests maybe don’t keep rates low,” Powell said Monday during an event at Harvard University in Cambridge, Massachusetts. Powell, addressing a string of dis...
Federal Reserve Chair Jerome Powell said there’s tension currently between the central bank’s two main objectives. “There’s sort of downside risk to the labor market, which suggests keep rates low, but there’s upside risk to inflation, which suggests maybe don’t keep rates low,” Powell said Monday during an event at Harvard University in Cambridge, Massachusetts. Powell, addressing a string of dissents among policymakers in recent months, said he welcomed robust debate. “To try to expect unanimity at a time like that, where it’s really quite historically challenging, it would almost be misleading,” he said.
2Ban/iStock Editorial via Getty Images There are several bearish narratives weaving through markets right now. Front and center is the war in Iran, but under the surface are the drastic perceived impacts from AI. Indeed, software stocks and fintech names have come under tremendous selling pressure. A brief post-Citrini Research reprieve was wiped away last week, and some of the largest S&P 500 sto...
2Ban/iStock Editorial via Getty Images There are several bearish narratives weaving through markets right now. Front and center is the war in Iran, but under the surface are the drastic perceived impacts from AI. Indeed, software stocks and fintech names have come under tremendous selling pressure. A brief post-Citrini Research reprieve was wiped away last week, and some of the largest S&P 500 stocks appear to be in the crosshairs. Visa ( V ) is among them. I had a "B uy" rating on the now $563 billion market cap Financials sector stock back in July of 2025 . Shares are down 15% since then, lagging the S&P 500 by some 16 percentage points. Today, I reiterate a "B uy" rating. I am keeping my valuation the same—while near-term earnings are higher, the multiple should be compressed a bit as AI’s threat, while not a death knell, is legitimate. I’ll provide a refreshed technical view—V is right near long-term support, offering a buying opportunity. Credit Card Stocks Lagging Amid Macro Uncertainty and Industry-Specific Jitters Stockcharts.com Back in January, Visa reported a solid set of quarterly results. Q1 non-GAAP EPS of $3.17 topped the Wall Street consensus forecast of $3.14, while revenue of $10.9 billion, up 15% from the same period last year, was a material $210 million beat. Driving the beat was strong consumer spending over the holiday shopping season , despite a disappointing number of processed transactions . Shares fell 3% in the session that followed, marking a third consecutive post-earnings decline and the worst performance back to July of 2024. Looking ahead to the April 28 release, the options market prices in a somewhat high 4.0% earnings-related stock price swing based on the at-the-money straddle expiring soonest after the report. Implied volatility has ticked up to 31%, while short interest on the large-cap is very low, near 1%. Looking back on the quarter that was, Visa delivered robust numbers to finish off 2025. The quarter’s strength was driven...
Micron Technology (NASDAQ:MU) stock is falling 5% in early trading on Monday, trading around $339 after opening at $357.22. That move extends a rough stretch: MU stock has fallen approximately 1% over the past week, even as the stock remains up approximately 20% year to date and an astounding 289% over the past year. The ... Micron Slides 5% as Google’s AI Memory Algorithm Sparks Fresh Fears Acros...
Micron Technology (NASDAQ:MU) stock is falling 5% in early trading on Monday, trading around $339 after opening at $357.22. That move extends a rough stretch: MU stock has fallen approximately 1% over the past week, even as the stock remains up approximately 20% year to date and an astounding 289% over the past year. The ... Micron Slides 5% as Google’s AI Memory Algorithm Sparks Fresh Fears Across the Semiconductor Sector
Sysco Corp. is acquiring Jetro Restaurant Depot LLC for $29.1 billion from billionaire Nathan "Natie" Kirsh. The deal will create one of the largest food-service groups in the US. Liana Baker reports. (Source: Bloomberg)
Sysco Corp. is acquiring Jetro Restaurant Depot LLC for $29.1 billion from billionaire Nathan "Natie" Kirsh. The deal will create one of the largest food-service groups in the US. Liana Baker reports. (Source: Bloomberg)
It's actually pretty amazing when you think about it. Just a few years ago -- when renewables and clean-energy options like solar and wind were expected to finally bring an end to fossil fuels as an energy source -- nuclear power was put on the chopping block as well. The world just didn't need its environmentally risky electricity either. Now, out of necessity, nuclear's back in vogue. The Intern...
It's actually pretty amazing when you think about it. Just a few years ago -- when renewables and clean-energy options like solar and wind were expected to finally bring an end to fossil fuels as an energy source -- nuclear power was put on the chopping block as well. The world just didn't need its environmentally risky electricity either. Now, out of necessity, nuclear's back in vogue. The International Atomic Energy Association expects the industry's power production to more than double between 2024 and 2050 thanks to capacity additions expected between now and then, while the World Nuclear Association expects nuclear power output to triple during this time. As it turns out, renewables can't be brought online fast enough to keep up with the planet's ever-growing need for energy. Artificial intelligence data centers are, of course, the big driver of this soaring demand. Research group BloombergNEF predicts the United States' data center industry alone is going to more than double its consumption of electricity between now and 2035, more than doubling the portion of the nation's total power production that it consumes in the process. And that's still just the beginning, if expectations of an AI-everything future are on target. Look for similar dynamics for data centers outside of the United States as well. Continue reading