Arm Holdings' (ARM +3.43%) annual Arm Everywhere event, scheduled to take place tomorrow (Tuesday, March 24) in San Francisco, is exciting not only tech wizards and gear aficionados. Investors are also looking forward to what the chipmaker might unveil, as indicated by their pushing the company's stock more than 3% higher on Monday. Armed and ready Although Arm Everywhere takes place every year, t...
Arm Holdings' (ARM +3.43%) annual Arm Everywhere event, scheduled to take place tomorrow (Tuesday, March 24) in San Francisco, is exciting not only tech wizards and gear aficionados. Investors are also looking forward to what the chipmaker might unveil, as indicated by their pushing the company's stock more than 3% higher on Monday. Armed and ready Although Arm Everywhere takes place every year, the 2026 edition might prove to be quite pivotal. After all, the company has been transitioning from a mobile chip specialist to one focused on artificial intelligence (AI) capabilities, so many eyes will be on this event to see what the company has concocted for this white-hot segment of the market. One Arm-tracker that's optimistic about what might be revealed at the event is investment bank Morgan Stanley. On Sunday, it published a research update on Arm's stock, speculating that the company would introduce a new chip made of a pair of "chiplets," essentially specialized tiles that handle different sets of tasks. In Morgan Stanley's view, such a product would be appropriate for a large cloud computing company. It did not name any potential clients, but giants in that sector include Microsoft and Amazon Web Services. Expand NASDAQ : ARM Arm Holdings Today's Change ( 3.43 %) $ 4.54 Current Price $ 136.89 Key Data Points Market Cap $141B Day's Range $ 133.12 - $ 138.84 52wk Range $ 80.00 - $ 183.16 Volume 8M Avg Vol 5.9M Gross Margin 94.84 % A bull stays the course That update was published several days after Morgan Stanley reiterated its overweight (buy, in other words) recommendation on Arm and its $135 price target. Personally, I'd be cautiously optimistic about the chipmaker's potential -- I feel its push to become a direct supplier of AI hardware is smart and well-considered, but we need to see what's under wraps to get a better sense of its potential in the segment.
Key Points Its pivotal Arm Everywhere event is scheduled for Tuesday. One researcher tracking the stock believes it will showcase goods targeting an overlooked aspect of AI. 10 stocks we like better than Arm Holdings › Arm Holdings' (NASDAQ: ARM) annual Arm Everywhere event, scheduled to take place tomorrow (Tuesday, March 24) in San Francisco, is exciting not only tech wizards and gear aficionado...
Key Points Its pivotal Arm Everywhere event is scheduled for Tuesday. One researcher tracking the stock believes it will showcase goods targeting an overlooked aspect of AI. 10 stocks we like better than Arm Holdings › Arm Holdings' (NASDAQ: ARM) annual Arm Everywhere event, scheduled to take place tomorrow (Tuesday, March 24) in San Francisco, is exciting not only tech wizards and gear aficionados. Investors are also looking forward to what the chipmaker might unveil, as indicated by their pushing the company's stock more than 3% higher on Monday. Armed and ready Although Arm Everywhere takes place every year, the 2026 edition might prove to be quite pivotal. After all, the company has been transitioning from a mobile chip specialist to one focused on artificial intelligence (AI) capabilities, so many eyes will be on this event to see what the company has concocted for this white-hot segment of the market. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » One Arm-tracker that's optimistic about what might be revealed at the event is investment bank Morgan Stanley. On Sunday, it published a research update on Arm's stock, speculating that the company would introduce a new chip made of a pair of "chiplets," essentially specialized tiles that handle different sets of tasks. In Morgan Stanley's view, such a product would be appropriate for a large cloud computing company. It did not name any potential clients, but giants in that sector include Microsoft and Amazon Web Services. A bull stays the course That update was published several days after Morgan Stanley reiterated its overweight (buy, in other words) recommendation on Arm and its $135 price target. Personally, I'd be cautiously optimistic about the chipmaker's potential -- I feel its push to become a direct supplier of AI hardware is smart and w...
In Brief London’s Air Street Capital has raised a $232 million Fund III with eyes set on backing early-stage AI companies across Europe and North America, the firm announced Monday. Check sizes will range from $500,000 to $15 million, with select growth investments reaching up to $25 million. Led by Nathan Beniach, this raise makes Air Street one of Europe’s largest solo VC funds. It’s already bac...
In Brief London’s Air Street Capital has raised a $232 million Fund III with eyes set on backing early-stage AI companies across Europe and North America, the firm announced Monday. Check sizes will range from $500,000 to $15 million, with select growth investments reaching up to $25 million. Led by Nathan Beniach, this raise makes Air Street one of Europe’s largest solo VC funds. It’s already backed notable AI unicorns like Black Forest Labs and ElevenLabs, and has seen exits from companies like Adept (sold to Amazon) and Graphcore (sold to SoftBank). The firm now has $400 million in assets under management, the FT reported. Its Fund II was $121 million, up from the $17 million raised for Fund I back in 2020.
London’s Air Street Capital has raised a $232 million Fund III with eyes set on backing early-stage AI companies across Europe and North America, the firm announced Monday. Check sizes will range from $500,000 to $15 million, with select growth investments reaching up to $25 million. Led by Nathan Beniach, this raise makes Air Street one of Europe’s largest solo VC funds. It’s already backed notab...
London’s Air Street Capital has raised a $232 million Fund III with eyes set on backing early-stage AI companies across Europe and North America, the firm announced Monday. Check sizes will range from $500,000 to $15 million, with select growth investments reaching up to $25 million. Led by Nathan Beniach, this raise makes Air Street one of Europe’s largest solo VC funds. It’s already backed notable AI unicorns like Black Forest Labs and ElevenLabs, and has seen exits from companies like Adept (sold to Amazon) and Graphcore (sold to SoftBank). The firm now has $400 million in assets under management, the FT reported. Its Fund II was $121 million, up from the $17 million raised for Fund I back in 2020.
Asian equities were set to rebound after President Donald Trump signaled a delay to planned strikes on Iranian energy infrastructure, citing talks with Tehran, boosting hopes of de-escalation in the Middle East. Oil opened higher after slumping Monday on the back of those remarks. Equity-index futures in Japan, Hong Kong and Australia pointed higher, tracking Wall Street’s advance. West Texas Inte...
Asian equities were set to rebound after President Donald Trump signaled a delay to planned strikes on Iranian energy infrastructure, citing talks with Tehran, boosting hopes of de-escalation in the Middle East. Oil opened higher after slumping Monday on the back of those remarks. Equity-index futures in Japan, Hong Kong and Australia pointed higher, tracking Wall Street’s advance. West Texas Intermediate crude rose after plunging more than 10% in the previous session, even as Iran denied any talks. US equity futures were little changed following a rally of over 1% in the main indexes. Bond yields and the dollar fell as traders pared back hawkish Federal Reserve bets, shifting to price in modest easing later this year. The reversal shows how quickly geopolitics can move global markets with the Strait of Hormuz, a chokepoint for about a fifth of global oil and LNG flows, at the center. Since the conflict began, disrupted traffic through the narrow body of water has driven sharp price swings and heightened inflation risks, leaving any progress in US-Iran talks pivotal for stabilizing energy markets and broader financial conditions. “The market woke up to some potentially good news,” said Chris Larkin at E*Trade from Morgan Stanley. “But follow-through on any relief rally will likely require tangible follow-through on the geopolitical front. We’re still living in a headline-driven market.” Trump told reporters on Monday that he was holding off on striking Iranian energy infrastructure for five days , citing “major points of agreement” with Iran. Trump said special envoys Steve Witkoff and Jared Kushner had discussions Sunday into the evening with a “top person” on the Iranian side, claiming both parties were keen to “make a deal” and would talk again Monday by phone. The abrupt shift caught traders off guard. There had been little sign of diplomatic progress before the US president’s post. Trump said a “top person” is representing Iran in the discussions but that the i...
faithiecannoise/iStock via Getty Images Introduction Last week, I wrote that Honda ( HMC ) is a legacy automaker with significant challenges to be relevant and faces slow-motion extinction. XPeng Inc. ( XPEV ) is the complete opposite: one of China’s fastest-growing and most innovative OEMs, created as an all-electric native platform with autonomy and robotics applications. While XPeng remains a s...
faithiecannoise/iStock via Getty Images Introduction Last week, I wrote that Honda ( HMC ) is a legacy automaker with significant challenges to be relevant and faces slow-motion extinction. XPeng Inc. ( XPEV ) is the complete opposite: one of China’s fastest-growing and most innovative OEMs, created as an all-electric native platform with autonomy and robotics applications. While XPeng remains a scaling enterprise, it offers considerable long-term upside that may challenge Tesla ( TSLA ). Scaling to Positive EBITDA Despite a challenging competitive environment in the Chinese market, with over 100 EV companies, XPeng achieved positive EBITDA in 4Q25 on 27% volume growth . For 2026, the market consensus forecasts 18% volume growth, stable gross margins (manufacturing costs), and further dilution of SGA and R&D costs, resulting in more than a 2x increase in EBITDA to US$368m, or a 2% margin. Starting in 2027, the company should accelerate exports, particularly in the SUV category, and reach a 5% EBITDA margin. While XPeng has stated that it should begin production of the IRON humanoid robot at the end of 2026, I do not believe it will be a relevant contributor to cash flow until the product has proven its demand. This also applies to its robotaxi aspirations, which are also slated for L4 capabilities in three years. The company, in my view, should be seen and valued as an emerging EV player rapidly scaling in a highly competitive market. Robot and autonomous vehicle technology is an added positive. Created by author with data from XPENG Created by author with data from Bloomberg & Aura Created by author with data from Bloomberg The Robotaxi Opportunity While still a few years away, XPeng’s AV or robotaxi technology could have considerable strategic and competitive advantages if/when it comes to market. The company aims to develop its own AI/AV technology, including chipsets, to be integrated into its electric vehicles. The commercial model is not fully disclosed, but t...
felixmizioznikov/iStock Editorial via Getty Images Bed Bath & Beyond, Inc. ( BBBY ), offers little excitement for investors focusing on fundamentals. The firm’s revenues are trending down, orders delivered have also shown a declining trend over the past quarters, and the number of active customers is also shrinking, while adjusted EBITDA remained negative. The macroeconomic landscape is also not m...
felixmizioznikov/iStock Editorial via Getty Images Bed Bath & Beyond, Inc. ( BBBY ), offers little excitement for investors focusing on fundamentals. The firm’s revenues are trending down, orders delivered have also shown a declining trend over the past quarters, and the number of active customers is also shrinking, while adjusted EBITDA remained negative. The macroeconomic landscape is also not making the business easier for the company, with consumer confidence levels hovering around the 10-year lows and elevated interest rates keeping downward pressure on the housing market. While some valuation metrics like price-to-sales or EV-to-sales indicate that BBBY is more attractively priced than its peers, I believe that the discount is justified due to the poor profitability and growth. In my view, it is not worth owning the firm before it proves that it can be profitable again. 1. Fundamentals In the most recent quarter, BBBY posted a revenue decline of 10% YoY - or 6%, if we exclude Canada. The firm cited consumer and industry pressures as the primary reason for the decline. Revenue (Bed Bath & Beyond) When we look at the following chart, we can see that over the past quarters, the number of orders delivered was declining steadily, which I interpret as a clear sign of soft demand for the firm’s products. Year-over-year the number of orders delivered fell by as much as 30%, which is very substantial. At the same time, the average order value increased by roughly 7%, partially offsetting negative impacts of the declining orders. LTM orders and average order value (Bed Bath & Beyond) Another metric that is a clear indication of the declining demand is the number of active customers and their order frequencies. The number of active customers fell by 27% compared to the prior year, and the order frequency declined by 5%. Active customers and order frequency (Bed Bath & Beyond) It is not only the topline results of the business that remain unattractive, but also the fact t...
China’s strategy of promoting open artificial intelligence (AI) models and leveraging manufacturing dominance is “mutually reinforcing”, forming a feedback loop that could challenge US dominance in AI, according to a new report by a US congressional advisory body. “It is the intersection of these two loops – one digital, one physical – that gives China’s open strategy its compounding force and pos...
China’s strategy of promoting open artificial intelligence (AI) models and leveraging manufacturing dominance is “mutually reinforcing”, forming a feedback loop that could challenge US dominance in AI, according to a new report by a US congressional advisory body. “It is the intersection of these two loops – one digital, one physical – that gives China’s open strategy its compounding force and poses the most serious long-term challenge to US AI leadership,” the United States-China Economic and Security Review Commission wrote in its report. The two countries have diverged in their approaches to AI to date: the US has focused on leading technological breakthroughs, while China has prioritised rapid, widespread adoption. The report highlighted that, despite limited access to advanced AI chips due to US export controls, China has embraced low-cost open-source models, optimising them for mass deployment and scaling. Advertisement “This open ecosystem enables China to innovate close to the frontier despite significant compute constraints. Chinese labs have narrowed performance gaps with top Western large language models,” the report said. Meanwhile, US firms such as OpenAI , which developed ChatGPT , and tech giants like Google remain at the forefront of model development, giving them a lead in cutting-edge capabilities. 05:04 China creates analogue AI chip said to be 1,000 times faster than Nvidia GPU China creates analogue AI chip said to be 1,000 times faster than Nvidia GPU How much Chinese firms are spending on AI in total, compared to the hundreds of billions of US dollars their American competitors are spending, remains difficult to determine, with investment often opaque and some companies likely benefiting from state subsidies.
In Brief Apple Maps has never been considered the crème de la crème of navigation apps (that honor obviously goes to Google Maps) and now, if reports are correct, its user experience is about to get ads, Bloomberg reports. Apple is gearing up to introduce the change later this year, with an official announcement about it as soon as this month, sources tell Bloomberg. Ads could start showing up in ...
In Brief Apple Maps has never been considered the crème de la crème of navigation apps (that honor obviously goes to Google Maps) and now, if reports are correct, its user experience is about to get ads, Bloomberg reports. Apple is gearing up to introduce the change later this year, with an official announcement about it as soon as this month, sources tell Bloomberg. Ads could start showing up in the iOS Maps app at some point this summer. Under the arrangement, companies would bid for the opportunity to promote their businesses inside the app in conjunction with relevant word searches. Maps user looking for restaurants, bars, or stores could be served, as top results, ads from businesses that have won the bidding process, Bloomberg says. Such a shift could represent a solid revenue driver for Apple. Google has included ads in its navigation app for years, and Bing Maps also offers a similar advertising capacity to local business owners. Reports about this possibility have been circulating for a while. In October, a similar report noted that the tech giant was considering such a plan. TechCrunch reached out to Apple for more information. Years ago, users complained about Maps for its limited functionality. But Apple’s navigation app has made great strides in recent years, with new features like integrations with consumer outlets such as the MICHELIN guide and Golf Digest. Last summer, during WWDC, Maps debuted a new feature to provide more traffic data and context about daily commutes. It is unclear how integrating term-search ads would impact features user do love, like Apple’s privacy protections and location history widget, but hopefully if the ad announcement arrives soon, we’ll learn more about such things then.
The Federal Communications Commission ordered a ban on the import of new models of foreign-produced consumer wireless routers after an interagency panel determined they threaten national security. The move could dramatically shake up the market for routers, which are primarily made overseas. Consumers and businesses globally connect internet lines to routers in order to provide wireless networks f...
The Federal Communications Commission ordered a ban on the import of new models of foreign-produced consumer wireless routers after an interagency panel determined they threaten national security. The move could dramatically shake up the market for routers, which are primarily made overseas. Consumers and businesses globally connect internet lines to routers in order to provide wireless networks for computers, smartphones, smart TVs, security cameras and increasing number of other types of internet-connected devices. Routers are made by several major companies, including Netgear Inc. , Alphabet Inc. ’s Google Nest , Amazon.com Inc. ’s Eero, Cisco Systems Inc. , Linksys and Asustek Computer Inc. , which all build their products overseas. None of the companies immediately responded to requests for comment. In making its decision, the FCC cited a National Security Determination provided on March 20. “Recently, malicious state and non-state sponsored cyber attackers have increasingly leveraged the vulnerabilities in small and home office routers produced abroad to carry out direct attacks against American civilians in their homes,” the notice said. The import ban includes all routers manufactured outside of the US regardless of the nationality of the developer, according to the commission. The FCC added it believes routers could introduce a “supply chain vulnerability that could disrupt the U.S. economy, critical infrastructure, and national defense.” Routers already imported are not impacted. Companies can apply for exemptions from the Defense Department or Department of Homeland Security, the FCC said. TP-Link Systems Inc., one of the biggest makers of routers is already facing national security probes by the Trump administration. The company didn’t immediately respond to a request for comment. The order appears directed at the firm.
Wall Street is facing the most volatile markets in months as it looks to offload billions of dollars of junk debt to fund buyouts. After some key changes, including a delay, one for Nexstar Media Group Inc. just got over the line. A group of banks led by Bank of America Corp. sold almost $6.9 billion of risky debt backing the company’s acquisition of fellow TV-station owner Tegna Inc. on Monday, a...
Wall Street is facing the most volatile markets in months as it looks to offload billions of dollars of junk debt to fund buyouts. After some key changes, including a delay, one for Nexstar Media Group Inc. just got over the line. A group of banks led by Bank of America Corp. sold almost $6.9 billion of risky debt backing the company’s acquisition of fellow TV-station owner Tegna Inc. on Monday, according to people with knowledge of the matter. Nexstar’s $3.39 billion of secured bonds priced at par to yield 6.5%, while nearly $1.73 billion of unsecured notes priced to yield 7.25%. The $1.75 billion term loan was set at 2.75 percentage points over the benchmark, at 99 cents on the dollar. The deal’s conclusion follows amendments late last week that shifted more financing to bonds and cut the size of the leveraged loan. The debt priced days after the acquisition closed , an unusual move where banks typically have to fund the deal themselves. Read More: Nexstar Shifts Tegna Buyout Financing as Risky Debt Demand Wilts Banks are currently trying to sell about $19 billion of buyout-related dollar junk bonds and loans to institutional investors, according to Bloomberg-compiled data. As they navigate weaker demand and price volatility, they are making last-minute changes. An $8 billion cross-border junk-bond sale tied to the leveraged buyout of video game maker Electronic Arts Inc. is slated to wrap up Tuesday alongside roughly $6.75 billion of loans, after the debt mix was shifted around again. About two weeks ago the EA bond portion had swelled to $9.5 billion, but the financing shifted back toward loans, a sign of the day-by-day nature of getting risky debt deals done in the midst of a market-moving war in the Middle East. For Nexstar, Bank of America had indicated to investors that the firm could get a second investment-grade rating on its secured debt, potentially opening the door to a high-grade bond offering, a broader investor base and lower funding costs, Bloomberg...