格隆汇7月10日｜欧洲央行行长拉加德：欧洲显然需要建立一种欧洲资产。

Wells Fargo Has a Cautious Take on Nvidia's China AI Chip Revival

All three major indexes are marching higher, following the Nasdaq’s lead. The tech heavy Nasdaq is up nearly 1.2%, followed by the S&P 500, up 0.8%. The Dow is up 196 points, or 0.4%. Broad participation is supporting the move higher, with the majority of Nasdaq and the S&P 500 components in the green.

It's Thursday, 2 p.m., and do you know where the Nasdaq is? It's up a respectable 1.2% -- but the Direxion Daily Semiconductor Bull 3X Shares ETF (NYSEMKT: SOXL) is up much, much more, surging past 14.1% on some billion-dollar-plus news items in semiconductors today. Image source: Getty Images. Continue reading

Meta Platforms首席执行官表示，探索AI云业务具有合理性。

SK Hynix’s US listing is more than seven times oversubscribed, according to sources, highlighting strong investor appetite despite recent volatility in the Korean memory chipmaker’s shares. Bloomberg's Bailey Lipschultz and Ian King join Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

shaunl/E+ via Getty Images My bullish view on Antofagasta ( ANFGF ) is from seeing its massive long-life Chilean resource base being changed into a more efficient and water-secure production platform with lower-cost production. I believe investors tend to evaluate the stock's price relative to its current valuation multiples rather than focusing on whether the current enterprise value adequately reflects the NAV migration that will result from the conversion of Centinela's Second Concentrator and the Los Pelambres Growth Enabling Projects into cash-generating infrastructure. Antofagasta possesses all the fundamental attributes that are generally viewed positively by investors in copper stocks. Those include size, pure-play status, minimal leverage, long-life resources, and access to by-product credits. I believe the current risk profile of Antofagasta is significantly better than that of a junior developer who is attempting to fund and permit a greenfield copper project in an inflationary capital environment. Rather, I view Antofagasta as a high-quality copper platform that is nearing the completion of a heavy reinvestment cycle. 2025 Operating Leverage I believe that the 2025 financials are exceptionally strong and represent an important milestone as they show that Antofagasta's portfolio possesses meaningful operating leverage when copper, gold, and molybdenum all experience price increases. Revenue was up 30% to $8.62 billion while EBITDA increased 52% to $5.20 billion. EBITDA margin expanded to 60.3%, compared with 51.8% in 2024; this represents a high level of profit margins for a mining company during peak capital expenditure. Cash flow from operations was up 30% to $4.25 billion; however, working capital consumed $766 million due to the year-end increase in accounts receivable tied to the final copper price. What I consider most important is that the balance sheet did not erode significantly during the period of maximum capex. Peak capex reached $3.7 billion ...

The memory chipmaker plans to spend more than $250 billion through 2035.

Micron Raises U.S. Investment TradingView

马斯克点评Anthropic称该公司目前是AI领域的领跑者。(财联社)

Gri-spb/iStock via Getty Images Credo Technology Group Holding Ltd's ( CRDO ) outlook has improved now as the company transitions from an Active Electrical Cable (AEC)-focused supplier to an AI connectivity platform. As clusters grow, connectivity, power efficiency, and bandwidth become a bottleneck. As a company with revenue surpassing $1.3 billion, growing optical capabilities, and exposure to silicon photonics and future-generation architectures through the acquisition of DustPhotonics, Credo is poised to take an even greater share of the AI network buildout opportunity. How Does The Optical Market Look Like Now? The largest shift in the Credo outlook is that the company has transformed from being viewed as an AEC supplier to having a broader vision of becoming an AI infrastructure player. Initially, the market paid attention to the availability of AI compute capacity; however, as clusters scale from thousands to hundreds of thousands of GPUs, it becomes increasingly important to invest in reliable and low-power solutions. The financial transformation is obvious. In fiscal 2026, the company's revenue surpassed $1.3 billion, growing almost 206% y/y . At the same time, non-GAAP net income grew over five times to $662 million, while the company generated free cash flow of $407 million. Therefore, it became clear that CRDO was not merely a speculative AI connectivity play anymore, but a highly profitable AI infrastructure company. Data by YCharts It is also important to notice how the market debate has changed since SemiAnalysis concerns in 2023. Initially, investors were worried about the volume of AEC adoption and were concerned about the customer concentration risk and the decrease in reliance on those solutions by Microsoft. It is true that there was a concern; however, the market has moved further, and the problem of reliability increased due to larger AI clusters, where network failures could lead to reduced expensive GPU utilization. The problem is solved by C...

格隆汇7月10日｜欧洲央行行长拉加德：欧盟各国政府必须采取行动以发展经济。

Wedbush sees Vera strengthening Nvidia's push into networking and general-purpose compute markets.

The AI trade mounts a comeback as investors get over the worst of their fears about a flare-up in tensions between the U.S. and Iran.

格隆汇7月10日｜马斯克在社交媒体上表示，自己“显然错看了Anthropic”，称目前没有公司发布过像其Mythos/Fable那样优秀的模型，并预计Anthropic很快将推出Mythos 2。他称，即使Anthropic是竞争对手，自己也不会采取严重伤害对方发展的限制措施，“那不是我的风格”。马斯克还表示，特斯拉曾开源专利，并向竞争对手开放超级充电网络；SpaceX发射竞争对手卫星系统时，也没有提高价格或设置不公平条款。

格隆汇7月10日｜Meta Platforms(META.O)CEO：探索AI云业务具有合理性。

格隆汇7月10日｜因为6月份各行业活动均有所改善，法国央行上调了短期增长预期，表明经济将安全地避免陷入衰退。法国央行表示，其月度商业调查与近期硬数据相结合显示，第二季度产出增长了0.2%。此前，该行预测经济将停滞，这可能导致法国经济在年初前三个月出现收缩后接近衰退。法国央行表示，6月份工业活动明显增强，服务业和建筑业则从5月开始恢复。乐观的前景为政府在努力控制预算赤字方面带来了一定的缓解。

Strong Bullish Sentiment for Qualcomm (QCOM) as Shares Rise GuruFocus

SK Hynix closed higher Thursday ahead of the South Korean company’s listing of American depositary receipts. The shares closed up 5.3% in South Korean trading at 2.186 million won, or about $1,445, on Thursday. The memory giant is launching an ADR listing on the Nasdaq under the ticker symbol “SKHY” on Friday.

Micron adds $50 billion to its U.S. plant plans as AI infrastructure demand fuels memory-chip expansion.

Micron Raises U.S. Chip Spending To $250 Billion TradingView

Buffalo Bills star quarterback is only 30 years old, but he's already allowed himself to think about his post-retirement life. Allen told CNBC Sport he would "entertain" a post-NFL career in broadcasting, just as a slew of other quarterbacks have done before him, including Tom Brady, Drew Brees, Matt Ryan, Tony Romo and Troy Aikman. Still, Allen wouldn't totally commit, citing an uneasiness with having to be overly critical if it's not warranted. "I do think it would be cool if you can keep it from a strictly broadcasting angle," Allen said in an interview. "When players go from players to journalists and say certain things that they hated people saying about them, I think that's where it gets a little murky for me. But, I do think that it would be something I would entertain. I can't say for sure, 'yes' or for sure 'no' right now, because I do go back and forth on it. But yeah, I'd have to put some more thought into it." Allen's concerns are somewhat similar to those of another former star quarterback, Joe Montana, who told CNBC Sport earlier this year he never got comfortable with broadcasting because lacking the information players and coaches on the field have can lead to broadcasters making unfair judgments. "Coming from the other side, as a player, you see so many times people were making judgments on a player or on what happened on the field, and they have no idea," Montana said in a February interview. "It would be hard to judge our receivers and our quarterbacks that played under Bill [Walsh] because our receivers had so many adjustments ... It just depended on the defense. As someone sitting up in a box, you have no idea what all those are, and who misread who. I didn't like making those kind of judgments on players." Allen could also join a studio show, which is more removed from the play-to-play action but sometimes forces retired players to have "hot takes" to gain attention. Past quarterbacks including Dan Marino, Boomer Esiason, Terry Bradshaw and Rob...

The stock has been meandering sideways since early May, but the earnings report it will deliver in August may kick off its next run higher.

Key PointsNetlist should receive almost $1 billion in court settlements from tech giants, and can expect royalties on its many patents down the road.

Rocket Lab (NASDAQ: RKLB) is understandably getting a lot of attention from investors these days. The company is making big moves in the rocket-launch space and has recently made an important acquisition that could establish it as a key player in the satellite market. It's also on many people's radars, considering that it's increasingly becoming a competitor to Space Exploration Technologies . Rocket Lab shares are up 118% over the past year, and while its share price has been volatile, there are some reasons why owning Rocket Lab stock could be a good long-term bet. Here's why. Image source: Getty Images. Continue reading

Meta Platforms Inc. needs all the computing power it can get, Chief Executive Officer Mark Zuckerberg said, but in a market starved for resources necessary to run and develop artificial intelligence products he’s also considering whether some of Meta’s AI infrastructure could be more valuable if rented to outsiders. “The offers that you get for using the compute are so high that it may make sense, in some cases, to rent out or consider those kind of deals instead of your own internal uses,” Zuckerberg said in an exclusive interview with Bloomberg. Meta is developing plans for a cloud business, Bloomberg reported earlier this month — a chance to drive direct revenue from the company’s suite of data centers and other computing power partnerships. Zuckerberg said the potential for a cloud business is “certainly there any time we want to build it.” That doesn’t mean Meta has already overbuilt, or has excess computing power available, Zuckerberg said. “I don’t know anyone in the industry who feels like they have too much compute,” he said. Meta is currently using all the computing power in its arsenal, he added. Read More: Zuckerberg Sets ‘Aggressive’ Price With Meta’s Pay-to-Use AI Meta’s stock has climbed since Bloomberg’s report last week that it is considering multiple kinds of cloud businesses. One option under consideration includes selling access to various AI models hosted on Meta’s existing AI infrastructure, akin to AWS’s Bedrock offering. Meta would run the data centers and chips that power the models, including its own Muse Spark models, and charge developers to access them. Zuckerberg didn’t confirm that Meta was exploring selling access to competitors’ models hosted on its own servers, but said, “I think that’s certainly a thing that we could do and that I think would make sense to consider.” The company is also developing plans to sell access to “raw” computing capacity, akin to other so-called neocloud businesses like CoreWeave Inc., Bloomberg reported. “...

Meta’s Zuckerberg Says Exploring AI Cloud Business Makes Sense Bloomberg.com

The New Zealand dollar advanced Thursday to the highest in more than two weeks after strong manufacturing data increased bets on further monetary tightening in the nation. The so-called kiwi rose more than 1% to the day’s high of 0.5763 against the US dollar and also strengthened relative to the Australian dollar, its major peer. Last month, New Zealand manufacturing grew at its fastest pace in almost five years. Meanwhile, Reserve Bank of New Zealand Governor Anna Breman said that the economy is expanding stronger than expected as the central bank raised rates this week. “The hawkish pivot from the RBNZ has given good support to the kiwi,” said Andrew Hazlett , a foreign-exchange trader at Monex Inc. “If further hikes materialize, then we would expect further strengthening towards end of the year.” The kiwi has been rallying for a second session and is headed for its best day since late May. Earlier this week, New Zealand’s central bank raised its key interest rate for the first time in three years and signaled potential for more hikes to come. The kiwi, which is sensitive to oil prices and risk sentiment, took a hit after the US-Iran war sparked a rally in energy prices. Swaps traders are currently pricing nearly two additional, quarter-point rate hikes from the RBNZ through December. The yield on New Zealand’s policy-sensitive two-year debt, meanwhile, has risen about 20 basis points this month and now trades at 3.50%, the highest in a month. The geopolitical environment is still highly uncertain but the domestic economy has shown a lot of resilience in the past few months despite the fuel shock, RBNZ’s Breman said in an interview with local radio. Kiwi’s strength will last for some weeks as market positioning is too negative, according to Erik Nelson , a strategist at Wells Fargo. Hedge funds have been short the currency since December. TJM FX managing director Neil Jones recommends traders buy the New Zealand dollar versus its Australian peer in the options mar...

Netflix built an empire on hits like Stranger Things. Now the stock is down 42% in a year, and even the hits can’t hold an audience past season one.

Justin Paget AES Corp. ( AES ) edged higher by 0.9% after the staff of the Ohio Public Utilities Commission recommended in favor of the company's planned sale to a consortium led by BlackRock's ( BLK ) Global Infrastructure Partners and EQT Infrastructure. "Staff believe that the proposed transaction of the Joint Applicants is not unreasonable and should not adversely impact Ohio customers," the OHIO PUC wrote in a filing on Thursday. "Customers should receive uninterrupted and adequate service as the current management and technical personnel will not change with the transaction." AES ( AES ) in March agreed to be acquired by a consortium led by BlackRock's ( BLK ) Global Infrastructure Partners and EQT Infrastructure, along with co-underwriters California Public Employees Retirement System and Qatar Investment Authority, for $15/share in cash, representing a total equity value of $10.7B and an enterprise value of ~$33.4B including debt. AES has said the transaction is expected to close in late 2026 or early 2027. More on AES AES: What The $10.7 Billion Buyout Means For Shareholders AES prices $1B senior notes across 2029 and 2033 maturities AI power surge sparks political revolt against utility profits Seeking Alpha’s Quant Rating on AES Historical earnings data for AES