Key PointsWith Warren Buffett retiring as Berkshire Hathaway's CEO on Dec. 31, all eyes are now on Fundsmith's billionaire investor, Terry Smith (a.k.a. Britain's Warren Buffett).
Key PointsWith Warren Buffett retiring as Berkshire Hathaway's CEO on Dec. 31, all eyes are now on Fundsmith's billionaire investor, Terry Smith (a.k.a. Britain's Warren Buffett).
Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes Futures are higher (although off session highs), and oil erased overnight gains as the market moved past the latest Middle-East flare up which saw the US military strike 90 Iranian targets for a second day and Tehran retaliated against American allies in the Persian Gulf. And like during previous escalations, this time nobody ...
Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes Futures are higher (although off session highs), and oil erased overnight gains as the market moved past the latest Middle-East flare up which saw the US military strike 90 Iranian targets for a second day and Tehran retaliated against American allies in the Persian Gulf. And like during previous escalations, this time nobody believes it will last. As of 8:00am ET S&P 500 futures rose 0.2% and Nasdaq 100 contracts gained 0.6% as semiconductor stocks advanced in Asia, Europe and US premarket trading after SK Hynix drew strong demand for its offering of ADRs. Mag7 stocks are mixed, with META tumbling on a Reuters report the company has signed long-term contracts for memory, networking gear and flash storage, refuting the market's expectation that the company is starting to ease back on capex spending. The FTSE 100 lags and is down 0.8% as AstraZeneca shares slump 9% after its Wainua drug failed to prevent heart problems. . Cyclicals, ex-Energy, are rebounding led by Fins and Industrials. Momentum is poised for another strong day, this time with Beta. Brent traded near $79 a barrel after swinging between gains and losses. Bond yields are down 2bps to up 1bps as the curve twists steeper ahead of today’s 30Y auction; the 10Y yield trades at 4.59%, near a one-month high. Commodities are weaker with Ags and Energy selling off but there is a bid to metals led by Precious. The Bloomberg Dollar Spot Index is also little changed. The kiwi is the strongest of the G-10 currencies, rising 0.6% against the greenback after some hawkish remarks from RBNZ Governor Breman. Precious metals advance along with Bitcoin. Today’s macro data focus is on jobless data and existing home sales with the macro focus shifting to next week’s CPI / PPI, Retail Sales prints as earnings season kicks off. In premarket trading, Mag 7 stocks are mixed (Meta Platforms -0.1%, Microsoft -1%, Tesla +0.2%, Nvidia +0.2%, Amazon -0.6%, Apple...
Advanced Micro Devices has soared over the past year amid excitement over its central-processing units. AMD shares were up 1.6% at $526.07 in Thursday’s premarket, adding to a 259% gain over the past 12 months through to Wednesday’s close. “AMD’s 146% surge since April, versus 58% for the SOX [PHLX Semiconductor Index], has left the shares priced at a premium to peers with little room for error,” ...
Advanced Micro Devices has soared over the past year amid excitement over its central-processing units. AMD shares were up 1.6% at $526.07 in Thursday’s premarket, adding to a 259% gain over the past 12 months through to Wednesday’s close. “AMD’s 146% surge since April, versus 58% for the SOX [PHLX Semiconductor Index], has left the shares priced at a premium to peers with little room for error,” Naji wrote.
Derick Hudson Meta Platforms ( META ) is set to put its artificial intelligence chip, codenamed “Iris,” into production starting from September, as the tech giant looks to increase computing power, Reuters reported. Shares fell 3.5% in premarket trading following the report. The Mark Zuckerberg-led company is seeking to boost computing power to 14 gigawatts next year, the news outlet added, citing...
Derick Hudson Meta Platforms ( META ) is set to put its artificial intelligence chip, codenamed “Iris,” into production starting from September, as the tech giant looks to increase computing power, Reuters reported. Shares fell 3.5% in premarket trading following the report. The Mark Zuckerberg-led company is seeking to boost computing power to 14 gigawatts next year, the news outlet added, citing an internal memo, up from about 7 gigawatts this year. The company is working with Broadcom ( AVGO ) on the design of the chip and Taiwan Semiconductor ( TSM ) for the manufacturing of the chip, the news outlet added. Testing of the chip took only about six weeks, and no major issues were found, the memo added. The “Iris” chip is a part of the company's Meta Training and Inference Accelerator, or MTIA, chip project that is being designed in-house. MTIA chips were introduced in 2023 and will be at least four generations, the company previously said. Iris was unveiled in March, and Meta intends to release a new chip around every six months or so. To this point, Meta has largely relied on vendors such as Nvidia ( NVDA ) and AMD ( AMD ) for its computing needs. The memo also pointed out that Meta has entered into long-term, multi-year agreements with Samsung ( SSNLF ) for memory chips, Sandisk ( SNDK ) for flash storage and Sumitomo Electric for its fiber optic needs. Meta did not immediately respond to a request for comment from Seeking Alpha. More on Meta Meta: This Stock Is Heating Up Again As Capex Cycle Nears Its Peak Meta Platforms: The Most Obvious Buy This Year Meta Compute Is Bad For Picks And Shovel Plays, Good For Meta Meta begins work on 1GW Alberta data center in major AI infrastructure push Meta's pivot to proprietary AI models like Muse to drive monetization upside: analysts
Derick Hudson Meta Platforms ( META ) is set to put its artificial intelligence chip, codenamed “Iris,” into production starting from September, as the tech giant looks to increase computing power, Reuters reported. Shares fell 3.5% in premarket trading following the report. The Mark Zuckerberg-led company is seeking to boost computing power to 14 gigawatts next year, the news outlet added, citing...
Derick Hudson Meta Platforms ( META ) is set to put its artificial intelligence chip, codenamed “Iris,” into production starting from September, as the tech giant looks to increase computing power, Reuters reported. Shares fell 3.5% in premarket trading following the report. The Mark Zuckerberg-led company is seeking to boost computing power to 14 gigawatts next year, the news outlet added, citing an internal memo, up from about 7 gigawatts this year. The company is working with Broadcom ( AVGO ) on the design of the chip and Taiwan Semiconductor ( TSM ) for the manufacturing of the chip, the news outlet added. Testing of the chip took only about six weeks, and no major issues were found, the memo added. The “Iris” chip is a part of the company's Meta Training and Inference Accelerator, or MTIA, chip project that is being designed in-house. MTIA chips were introduced in 2023 and will be at least four generations, the company previously said. Iris was unveiled in March, and Meta intends to release a new chip around every six months or so. To this point, Meta has largely relied on vendors such as Nvidia ( NVDA ) and AMD ( AMD ) for its computing needs. The memo also pointed out that Meta has entered into long-term, multi-year agreements with Samsung ( SSNLF ) for memory chips, Sandisk ( SNDK ) for flash storage and Sumitomo Electric for its fiber optic needs. Meta did not immediately respond to a request for comment from Seeking Alpha. More on Meta Meta: This Stock Is Heating Up Again As Capex Cycle Nears Its Peak Meta Platforms: The Most Obvious Buy This Year Meta Compute Is Bad For Picks And Shovel Plays, Good For Meta Meta begins work on 1GW Alberta data center in major AI infrastructure push Meta's pivot to proprietary AI models like Muse to drive monetization upside: analysts
Aehr Test Systems ( AEHR ) shares jumped 18% in premarket trading on Thursday after the semiconductor manufacturing company announced an additional follow-on order from its lead silicon photonics customer. Terms of the order were not disclosed. The order is for a fully automated FOX-XP Wafer-Level Burn-In System. The system will support high-volume production burn-in of silicon photonics devices u...
Aehr Test Systems ( AEHR ) shares jumped 18% in premarket trading on Thursday after the semiconductor manufacturing company announced an additional follow-on order from its lead silicon photonics customer. Terms of the order were not disclosed. The order is for a fully automated FOX-XP Wafer-Level Burn-In System. The system will support high-volume production burn-in of silicon photonics devices used in AI optical interconnect and hyperscale data center applications. The order “represents an encouraging start to fiscal 2027,” CEO Gayn Erickson said . This customer took delivery of its first FOX-XP with fully automated WaferPak Aligner production system in fiscal 2026. Aehr didn’t name the customer, but said it is “developing advanced silicon photonics devices used in next-generation optical interconnects and optical I/O architectures for hyperscale AI and cloud data centers and advanced packaging of AI processors and high-performance computing devices.” AEHR shares jumped over +18% premarket to $80.03. More on Aehr Test Systems Aehr Test Systems: Crucial For Photonics But Not For Your Long-Term Portfolio Aehr Test Systems: The One That Got Away Aehr jumps on receiving follow-on order from 'major' silicon photonics customer Biggest stock movers Thursday: AEHR, ABT, HOOD, COIN, and more Seeking Alpha’s Quant Rating on Aehr Test Systems