When it comes to outperformance, several factors, including robust sales growth, margin expansion, innovation, and favorable earnings estimate revisions, are all contributing factors.
When it comes to outperformance, several factors, including robust sales growth, margin expansion, innovation, and favorable earnings estimate revisions, are all contributing factors.
If you are wondering whether Advanced Micro Devices (AMD) is priced attractively today, the first step is to separate the hype around chips and AI from what the numbers actually say about value. The stock last closed at US$204.68, with returns of 68.0% over 1 year and 189.1% over 3 years, while the year-to-date return of an 8.4% decline and a 7.6% decline over 30 days highlight that sentiment arou...
If you are wondering whether Advanced Micro Devices (AMD) is priced attractively today, the first step is to separate the hype around chips and AI from what the numbers actually say about value. The stock last closed at US$204.68, with returns of 68.0% over 1 year and 189.1% over 3 years, while the year-to-date return of an 8.4% decline and a 7.6% decline over 30 days highlight that sentiment around AMD can shift quickly. Recent coverage of AMD has focused heavily on its role in high...
CK Hutchison Holdings Ltd. has picked Goldman Sachs Group Inc. and UBS Group AG to work on the planned initial public offering of global health and beauty retailer A.S. Watson Group , people familiar with the matter said. The conglomerate owned by billionaire Li Ka-shing is working with the banks on a dual share sale in Hong Kong and London, the people said, asking not to be identified because the...
CK Hutchison Holdings Ltd. has picked Goldman Sachs Group Inc. and UBS Group AG to work on the planned initial public offering of global health and beauty retailer A.S. Watson Group , people familiar with the matter said. The conglomerate owned by billionaire Li Ka-shing is working with the banks on a dual share sale in Hong Kong and London, the people said, asking not to be identified because the information is private. Bloomberg News has previously reported that the listing might happen this year and raise $2 billion or more. Deliberations are ongoing and details such as the IPO size and timing are preliminary, the people said. A representative for Hutchison didn’t respond to a request seeking comment. Goldman Sachs and UBS declined to comment. Read More: Li Ka-shing Is Remaking His Empire as a Generational Shift Looms Watson is one of the world’s largest health and beauty retailers, with over 17,000 stores in 31 markets, including the Superdrug chain in the UK and Rossmann pharmacies in Germany, its website shows. It also runs Watsons health and beauty shops across Asia, as well as grocery, wine and electronics stores in Hong Kong. Temasek Holdings Pte owns about 25% of the company. A successful listing would mark the culmination of a plan that’s been considered for more than a decade and coincide with a boom in share sales in Hong Kong, although concurrent dual listings involving the Asian financial hub have been rare. Read More: Hong Kong Set for Record January Listing Proceeds: ECM Watch Almost $39 billion was raised through first-time share sales in the city last year, a four-year high, and there’s widespread optimism that 2026 will be another banner year. KPMG expects Hong Kong listings to raise up to $45 billion this year. London, however, has had an IPO drought and is no longer one of the world’s top listing venues, despite a late burst of activity at the end of 2025.
Elon Musk ’s artificial intelligence startup xAI is burning cash quickly, with losses mounting as it spends to build data centers, recruit talent and develop software that will eventually power humanoid robots, according to internal documents. XAI reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first quarter, the documents reviewed by Bloomberg show. In th...
Elon Musk ’s artificial intelligence startup xAI is burning cash quickly, with losses mounting as it spends to build data centers, recruit talent and develop software that will eventually power humanoid robots, according to internal documents. XAI reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first quarter, the documents reviewed by Bloomberg show. In the first nine months of the year, it spent $7.8 billion in cash. Like other fast-growing AI startups, xAI is quickly using what it raised in recent funding rounds , it said in its most recent earnings report and a call that xAI executives held with investors, according to people familiar with the matter. The company told investors that its goal is to build AI that is self-sufficient and that will eventually power humanoid robots like Optimus — Tesla Inc. ’s robot that was created to replace human labor. On the investor call, xAI leadership, including Chief Revenue Officer Jon Shulkin , told investors that now xAI’s core focus is building out AI agents and other software at speed, said the people, who asked not to be identified discussing private conversations. Those products will feed into what’s called “Macrohard” — a term Musk has said refers to an AI-only software company, the name a play on “Microsoft” — until it eventually can power Optimus. The firm’s executives signaled to investors that xAI had the necessary resources to continue spending aggressively. Documents referred to the rapid growth of AI as “escape velocity” — a term borrowed from astrodynamics and often used by Musk to talk about how quickly his companies, including Space Exploration Technologies , can grow. XAI revenue nearly doubled quarter-over-quarter to $107 million for the three month period ended Sept. 30, 2025, according to financial documents shared with investors and reviewed by Bloomberg. A representative for xAI declined to comment. While Musk runs several separate businesses and projects, he fr...
XAI reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first quarter, the documents reviewed by Bloomberg show. Like other fast-growing AI startups, xAI is quickly using what it raised in recent funding rounds, it said in its most recent earnings report and a call that xAI executives held with investors, according to people familiar with the matter. The compa...
XAI reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first quarter, the documents reviewed by Bloomberg show. Like other fast-growing AI startups, xAI is quickly using what it raised in recent funding rounds, it said in its most recent earnings report and a call that xAI executives held with investors, according to people familiar with the matter. The company told investors that its goal is to build AI that is self-sufficient and that will eventually power humanoid robots like Optimus — Tesla Inc.’s robot that was created to replace human labor.
A fund manager at Invesco has said she sees value in German bunds over U.S. Treasurys, as investors look to diversify their assets to protect their portfolios. Speaking with CNBC's 'Europe Early Edition', Alexandra Ivanova, a manager for IFI Europe at Invesco, highlighted a major ongoing secular trend away from U.S. assets and Treasurys among global investors, and pinpointed German government debt...
A fund manager at Invesco has said she sees value in German bunds over U.S. Treasurys, as investors look to diversify their assets to protect their portfolios. Speaking with CNBC's 'Europe Early Edition', Alexandra Ivanova, a manager for IFI Europe at Invesco, highlighted a major ongoing secular trend away from U.S. assets and Treasurys among global investors, and pinpointed German government debt as an attractive alternative. "Given that we need some kind of safety assets outside of Treasurys, and given the size and liquidity of Treasurys, it's difficult to find an asset class to replace that," Ivanova explained. DE10Y 1M mountain 10-year German bunds. "Bunds are one of the few assets that could act as a replacement… especially given there's going to be more issuance. At the moment, the market is more fretting about more issuances and lack of demand." She added: "My view is that in the longer term, if investors are looking for safe assets outside of U.S., bunds could act as an alternative." Yields on 10-year bunds , the benchmark for Germany's government debt, stood at 2.8157% on Thursday morning, down from 2.8623% week-over-week. Ivanova said the "starting point" for bunds is fundamentally "quite healthy", with debt levels in Germany still low. "Controversially, I would say that more issuance is good for investors at a time when there is going to be an increase in total demand," she said of the bund market. Renewed geopolitical upheaval has underscored markets just one week into the new year. The overthrow of Venezuela's president Nicolas Maduro, rising tensions over Greenland , and the de-dollarization trend have brought portfolio diversification into sharp focus, and the need for investors to put assets to work beyond the U.S. "At the same time, I give credit to the U.S. economy for being so much stronger and resilient," Ivanova said, adding that having both bunds and Treasurys "makes sense" for a portfolio. Elsewhere within the fixed income sphere, Japan remain...
Shares of Beyond Meat (NASDAQ: BYND) were moving higher this week as a meme-stock rally seemed to return in the stock, with traders calling for a short squeeze. That was enough to engineer a pop in the stock on Wednesday, and as of Thursday's close, the stock was up 17% for the week, according to S&P Global Market Intelligence . Image source: Beyond Meat. Continue reading
Shares of Beyond Meat (NASDAQ: BYND) were moving higher this week as a meme-stock rally seemed to return in the stock, with traders calling for a short squeeze. That was enough to engineer a pop in the stock on Wednesday, and as of Thursday's close, the stock was up 17% for the week, according to S&P Global Market Intelligence . Image source: Beyond Meat. Continue reading