Getty Images Fears over the potentially disruptive impact of artificial intelligence advancements have recently weighed heavily on the stock market lately, especially on the BDC sector, which is where investment companies have made a ton of SaaS loans, and on the software tech market. This SaaS meltdown also affected software platforms like Salesforce ( CRM ), which is highly profitable and which ...
Getty Images Fears over the potentially disruptive impact of artificial intelligence advancements have recently weighed heavily on the stock market lately, especially on the BDC sector, which is where investment companies have made a ton of SaaS loans, and on the software tech market. This SaaS meltdown also affected software platforms like Salesforce ( CRM ), which is highly profitable and which has become a victim of sentiment-driven selling. Salesforce just last week reported very robust results for its fourth fiscal quarter, so the strength of the platform's underlying results did not justify the sell-off, in my opinion. Investors with a favorable long-term view on the agentic AI market may want to consider Salesforce as an investment on the drop, given the large market opportunity and the firm's strong momentum in the AI business. Further, a massive $50B stock buyback is set to provide fundamental support for Salesforce's shares in 2026 and beyond. Data by YCharts Previous rating I rated shares of Salesforce a strong buy in my last coverage in December 2025 -- Agentforce Now A Massive Catalyst -- mainly because the customer relationship management platform developed its business model and started to see real momentum with its own agentic AI service offering called Agentforce. I am not panicked by the recent SaaS meltdown and would recommend investors buy the drop aggressively, given a major discount that is now embedded in Salesforce's valuation factor. Agentic AI is a booming opportunity Salesforce reported better-than-expected earnings and revenues compared to consensus estimates, driven by strong product uptake in the agentic AI segment: the CRM platform reported non-GAAP earnings of $3.81 per share vs. a consensus estimate of $3.05 per-share, leading to a $0.76/share beat. Revenues also beat estimates, coming in at $11.2B, $12.8M above analyst consensus. Seeking Alpha Salesforce did well in the fourth fiscal quarter, as the SaaS platform generated $11.2B in...
Ferrari's Charles Leclerc and Lewis Hamilton struck the first blow of the new Formula 1 era with first and second fastest times in opening practice at the Australian Grand Prix. Leclerc replaced Hamilton in top spot with a late lap that moved him 0.469 seconds clear of the seven-time champion. Until then, less than 0.1secs had separated Hamilton, Leclerc and Red Bull's Max Verstappen. Verstappen's...
Ferrari's Charles Leclerc and Lewis Hamilton struck the first blow of the new Formula 1 era with first and second fastest times in opening practice at the Australian Grand Prix. Leclerc replaced Hamilton in top spot with a late lap that moved him 0.469 seconds clear of the seven-time champion. Until then, less than 0.1secs had separated Hamilton, Leclerc and Red Bull's Max Verstappen. Verstappen's new team-mate Isack Hadjar was fourth fastest, 0.820secs off the pace, ahead of 18-year-old Briton Arvid Lindblad, making his debut for the Racing Bulls team. Aston Martin, whose dire form has been in many ways the story of the new season so far, had a predictably difficult session. Fernando Alonso was not able to run at all because of a problem with his Honda power-unit. Team-mate Lance Stroll managed just three laps before an engine problem was also discovered on his car. Team principal Adrian Newey had stunned F1 on Thursday when he said that the vibrations from the Honda engine were so bad that Alonso felt unable to do more than 25 laps without risking permanent nerve damage in his hands. But this appears to have been another reliability issue for an engine that is well below the required standard in F1 following the introduction of new rules this season.
According to a person familiar with discussions, the feeling inside Anthropic is that it is disliked by some in the Trump administration as its chief executive has not been among the tech leaders to donate large sums to Trump or publicly praise him.
According to a person familiar with discussions, the feeling inside Anthropic is that it is disliked by some in the Trump administration as its chief executive has not been among the tech leaders to donate large sums to Trump or publicly praise him.
Earnings Call Insights: Lineage Cell Therapeutics (LCTX) Q4 2025 Management View CEO Brian Culley opened the call highlighting recent warrant exercises that have further extended the company's cash runway and announced a positive result for the initial go/no-go development milestone in the islet cell research initiative. Culley stated, "We have a great call planned highlighted by recent warrant ex...
Earnings Call Insights: Lineage Cell Therapeutics (LCTX) Q4 2025 Management View CEO Brian Culley opened the call highlighting recent warrant exercises that have further extended the company's cash runway and announced a positive result for the initial go/no-go development milestone in the islet cell research initiative. Culley stated, "We have a great call planned highlighted by recent warrant exercises that further extend our runway and a positive result for our initial go/no-go development milestone in our islet cell research initiative." Culley reiterated the company's focus on advancing cell therapy applications beyond oncology, with particular emphasis on applying manufacturing success and lessons from the OpRegen program to other conditions arising from loss of critical cellular function. He described, "Our focus on replacing cells that have become dysfunctional or destroyed may fundamentally reshape many treatment and recovery paradigms." The CEO emphasized the expansion of clinical sites for the GAlette study, noting that Roche and Genentech opened 10 new clinical sites in the past 9 months. Culley pointed to this as a "favorable sign because this activity could support preparations for later-stage trials." Updates were given on the AlloSCOPE manufacturing platform, with Culley stating, "We successfully established a GMP master cell bank from which we established a GMP working cell bank and generated product that has been used in the clinic... we are confident that we can successfully repeat the process as many times as needed." CFO Jill Howe reported, "The reported net loss for the full year is approximately $45 million higher than in 2024, this increase is mainly due to noncash charges linked to our rising stock price over the year, which resulted in higher warrant liability." Outlook Lineage expects its cash and the $5.4 million in proceeds from warrants exercised in March to support planned operations into Q2 of 2028. Howe remarked, "This is a significa...
Market Snapshot USD/INR ₹91.61 -0.6% Nifty 50 Index 24,765.90 +1.2% India 10-Year Bond Yield 6.64% -0.04 Spot Gold ($/oz) $5,125.85 +0.9% S&P 500 Futures 6,844.00 +0.1% Market data as of 08:15 AM IST, Mar. 6, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Alex Gabriel Simon, with your pre-market snapshot for Friday as this volatile week draw...
Market Snapshot USD/INR ₹91.61 -0.6% Nifty 50 Index 24,765.90 +1.2% India 10-Year Bond Yield 6.64% -0.04 Spot Gold ($/oz) $5,125.85 +0.9% S&P 500 Futures 6,844.00 +0.1% Market data as of 08:15 AM IST, Mar. 6, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Alex Gabriel Simon, with your pre-market snapshot for Friday as this volatile week draws to a close. Oil remains the biggest focus for global and local investors. Morgan Stanley has just downgraded Indian stocks to equal-weight relative to Asia and emerging markets, citing macro uncertainty and India’sl vulnerability to oil supply risks. Global funds have pulled $1.3 billion from local stocks in just two sessions amid the Middle East conflict. One silver lining: the US has issued a general license to allow for some Russian oil sales to India, giving refiners more flexibility. Indian shares staged a sharp rebound on Thursday as broader Asian market recovered. But the regional gauge of equities is down again early trading on Friday, and heading for its worst week in six years . In today’s newsletter, we write how: Elevated valuations remain a drag on stocks Reliance stands to gain from a margin lift AI’s impact on IT looks less disruptive than feared But first, we’ll tell you how a key technical indicator is back in focus. Markets Buzz: Long-Term Support Holds Stocks caught a breather from the broader risk-off wave tied to the Iran conflict on Thursday, with the Nifty posting its best day in a month after taking support from its 100-week moving average. That level has consistently acted as a long-term floor during periods of stress. The only decisive break below it came during the 2020 pandemic meltdown, when extreme panic and liquidity strains gripped global markets. In previous instances, rebounds from this zone have typically been followed by rallies of 5% to 10% in the Nifty. Three Things to Start Your Day Pricey valuations remain a hurdle for stocks: Kotak...
石籬32歲外傭染麻疹 成今年首宗本地個案 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】一名32歲外傭患上麻疹，是今年首宗本地個案，她跟僱主一家居於石籬二邨。 患者在瑪嘉烈醫院接受隔離治療，情況穩定。她上月底發燒...
石籬32歲外傭染麻疹 成今年首宗本地個案 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】一名32歲外傭患上麻疹，是今年首宗本地個案，她跟僱主一家居於石籬二邨。 患者在瑪嘉烈醫院接受隔離治療，情況穩定。她上月底發燒、喉嚨痛、咳嗽、眼睛發紅及出皮疹，前日看醫生後轉介到急症室，確診是感染麻疹。她沒有接種過疫苗，潛伏期沒有外遊。她居於石籬二邨，僱主一家三口及家中五名訪客列為密切接觸者，暫時沒有病徵。由於患者傳染期在寓所附近一間小學外面逗留過，衞生防護中心已聯絡小學以及她看醫生的診所留意。
Donny DBM/iStock via Getty Images Dear Client, GMO's Event-Driven Strategy posted a +11.1% return, net of fees, in 2025. This result compares favorably to the returns of our benchmark (the FTSE 3-month Treasury returned +4.4% in 2025) and our peers (the HFRX Merger Arbitrage Index returned +9.6%) over the same period. The Strategy's 3-year and 5-year returns of +9.5% and +6.6%, respectively, compa...
Donny DBM/iStock via Getty Images Dear Client, GMO's Event-Driven Strategy posted a +11.1% return, net of fees, in 2025. This result compares favorably to the returns of our benchmark (the FTSE 3-month Treasury returned +4.4% in 2025) and our peers (the HFRX Merger Arbitrage Index returned +9.6%) over the same period. The Strategy's 3-year and 5-year returns of +9.5% and +6.6%, respectively, compare favorably to our benchmark and our peers as well. 1 Performance As always, our performance was the result of a repeatable process and a focus on value and risk management. Staying consistent with this over many years has and should continue to generate good long-term returns. We approach our opportunity set with a strong focus on expected value, assessing the likelihood and returns of each outcome, and focusing on situations where our assessment of the expected value is greater than that of the market. Our willingness to accept occasional deal breaks as a natural outcome of a probabilistic environment, rather than abandoning our process, differentiates us from competitors who avoid higher-risk situations despite favorable expected value. That said, we didn't experience any deal breaks this year, which is not what we expected nor what we are trying to accomplish, but we'll take it! We wouldn't count on that going forward, but if we continue to focus on value and risk management, we believe we will still come out on top over time, even with breaks. Contributors Chart Industries ( GTLS ): Chart was a potential takeout candidate, but instead committed to a merger-of-equals with Flowserve ( FLS ). The stock reacted so poorly to the MOE that Chart traded at a discount to the merger terms when we believed it should have traded at parity or even at a premium. This presented an attractive opportunity, whether the merger closed or broke, because we believed a break would also be a positive event for the stock. Baker Hughes ( BKR ) then offered a significant premium to acquire Char...
Pavlo Sukharchuk/iStock via Getty Images Executive Summary Qnity Electronics ( Q ) is a materials and solutions company for the semiconductor industry. The company was part of DuPont's electronic division and was spun off in November 2025. The company operates under two core segments: Semiconductor Technologies (ST) & Interconnect Solutions (ICS). The company reported its 2025 full-year earnings o...
Pavlo Sukharchuk/iStock via Getty Images Executive Summary Qnity Electronics ( Q ) is a materials and solutions company for the semiconductor industry. The company was part of DuPont's electronic division and was spun off in November 2025. The company operates under two core segments: Semiconductor Technologies (ST) & Interconnect Solutions (ICS). The company reported its 2025 full-year earnings on February 26, 2026. The company reported full-year revenue of $4.75 billion (up 10% YoY), and EPS (GAAP) was reported as $3.30. For the fiscal 2026 outlook, the company expects revenue at $4.97 billion - $5.17 billion and adjusted EPS at $3.55 to $3.95. The company expects adjusted free cash flow in the range of $450 million to $500 million. The company is poised to benefit from this current AI data center build-out due to its portfolio of advanced materials essential for chip fabrication. It also benefits from other growth areas in the autonomous driving industry and consumer semiconductor industry (such as smartphones and smartwatches). Currently, the semiconductor industry is in an AI supercycle, and this is reflected in the current surge in DRAM prices. As manufacturers reallocate capacity from traditional (consumer-oriented) DRAM and NAND to high-margin, high-demand HBM (High Bandwidth Memory), that plays directly in favor of companies like Qnity, whose sales are driven by "consumables". I will dig deeper into this "core thesis" in the subsequent sections. The company trades attractively on a 2026 FW P/E basis (~32x) as compared to its peers. Although this seems to be high at first glance, the multiples are lower as compared to its peers. With industry reports suggesting that the memory shortage could last through 2027, offering a compelling reason to own this stock for the foreseeable future. Investment Thesis - Consumables As this is a newly spun-off company, I thought to demystify this company's business model. Qnity has a presence across the end-to-end semiconduct...
A protracted war in the Middle East could lift demand for carbon credits in the compliance market, if ongoing disruptions to LNG supplies compel industries to turn to cheaper, higher-emission fuels. Utilities and other major users may consider switching to coal if LNG remains backed up due to airstrikes and the effective blockage at the Strait of Hormuz, a key transit point, according to Camille W...
A protracted war in the Middle East could lift demand for carbon credits in the compliance market, if ongoing disruptions to LNG supplies compel industries to turn to cheaper, higher-emission fuels. Utilities and other major users may consider switching to coal if LNG remains backed up due to airstrikes and the effective blockage at the Strait of Hormuz, a key transit point, according to Camille Wee , a BloombergNEF analyst. She noted this also happened when the Russia-Ukraine war broke out in 2022 and upended energy markets. Already, some parts of the world are bracing for fuel-switching. Taiwan is considering raising production at coal-fired facilities while Italy is keeping its plants in “cold reserve” as a precaution. Such moves would drive up pollution and may lead to a spike in demand for compliance credits in the future, especially as emissions regulations tighten across the Asia-Pacific, Wee said. Higher gas prices may also incentivize LNG producers to ramp up production, further releasing greenhouse gases, she added. The US-Israeli war against Iran has forced the shutdown of the world’s largest LNG plant in Qatar, a country that churns out 20% of global output. Its suspended production has already unsettled some gas-consuming industries in Asia. “The ultimate impact on compliance markets will depend heavily on the duration of the energy disruption and whether regional regulators intervene to adjust compliance caps,” said Thomas McMahon , co-founder and co-chief executive officer of AirCarbon Exchange. Meanwhile the voluntary market, where companies buy carbon allowances to meet their own climate goals, may see a dip in buying activity, McMahon said. “Any resulting increase in operating costs from an energy crisis might temporarily constrain corporate discretionary spending on voluntary offsets,” he said, adding that firms may reevaluate buying timelines, emissions forecasts and hedging strategies. Supply & Demand New Zealand’s first carbon auction of the ye...