“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Broadcom and Micron outpace NVIDIA in AI-driven gains, with surging revenues, strong demand and bullish growth forecasts positioning them for further upside.
Broadcom and Micron outpace NVIDIA in AI-driven gains, with surging revenues, strong demand and bullish growth forecasts positioning them for further upside.
The Israeli economy is facing a significant hit to growth projections as a result of the Middle East conflict — but its central bank chief is hopeful that a rapid resolution to the wars in Lebanon and Iran can help ease the shock. Speaking with CNBC's Karen Tso at the IMF-World Bank spring meeting in Washington, D.C. on Thursday, Amir Yaron, governor of the Bank of Israel, acknowledged there is st...
The Israeli economy is facing a significant hit to growth projections as a result of the Middle East conflict — but its central bank chief is hopeful that a rapid resolution to the wars in Lebanon and Iran can help ease the shock. Speaking with CNBC's Karen Tso at the IMF-World Bank spring meeting in Washington, D.C. on Thursday, Amir Yaron, governor of the Bank of Israel, acknowledged there is still "huge uncertainty" around the duration of the conflict, despite recent signals that a resolution could be in sight. Israel and Lebanon agreed an immediate 10-day ceasefire Thursday following talks in Washington between officials from both countries. watch now VIDEO 5:46 05:46 Bank of Israel: Markets believe geopolitical situation has improved Squawk Box Europe Israel has slashed its growth expectations for 2026 from 5.2% to 3.8% as a result of the hostilities in the Middle East. But Yaron — who was speaking shortly before U.S. President Donald Trump announced the temporary truce on Thursday — believes growth can rebound to 5.5% in 2027, should those conflicts be resolved. "It's a working assumption," Yaron said. 'Boots on the ground' A de-escalation in hostilities would ease geopolitical risk in Israel, along with the Gulf states, and help to boost growth. But Yaron also acknowledged the possibility of a much more prolonged conflict, which he said would weigh on growth and inflation expectations. "Markets, both aboard and in particular in Israel, are taking the view that the geopolitical situation has improved a lot already," he explained, pointing to the strength in Israel's stock market, the shekel's rally, and five-year credit default swaps returning to pre-campaign levels. By contrast, any escalation of the conflict "would obviously detract more growth from the current forecast." Yaron added. watch now VIDEO 11:18 11:18 Lebanon faces economic hit of up to 20 percent of GDP: Former Economy Minister Access Middle East Oil prices fell on Friday morning following the Is...
(Bloomberg) -- A clamor by investors for stocks that stand to benefit from the boom in artificial intelligence has propelled a little‑known French company to the top of Europe’s 2026 equity rankings.Soitec SA, a semiconductor materials maker with a market capitalization of about €3.4 billion ($4 billion), is the top performer in a Bloomberg index of the region’s large, mid and smallcap stocks with...
(Bloomberg) -- A clamor by investors for stocks that stand to benefit from the boom in artificial intelligence has propelled a little‑known French company to the top of Europe’s 2026 equity rankings.Soitec SA, a semiconductor materials maker with a market capitalization of about €3.4 billion ($4 billion), is the top performer in a Bloomberg index of the region’s large, mid and smallcap stocks with a gain of more than 300% this year. It’s up 84% this month alone and analysts are raising price tar
Sundry Photography/iStock Editorial via Getty Images Over the last year, the shares of ARM Holdings ( ARM ) flew up by more than 50%, taking the market capitalization of the company beyond the $170 billion mark. Driven by AI euphoria, the market has probably elevated this asset to the status of almost an indisputable idol. It appears that Wall Street relates to ARM not simply as a technological co...
Sundry Photography/iStock Editorial via Getty Images Over the last year, the shares of ARM Holdings ( ARM ) flew up by more than 50%, taking the market capitalization of the company beyond the $170 billion mark. Driven by AI euphoria, the market has probably elevated this asset to the status of almost an indisputable idol. It appears that Wall Street relates to ARM not simply as a technological company, but seemingly as an eternal engine of growth. Are we possibly looking at one of the most elegant business models in the history of capitalism? At the same time, the current price tag, at a forward P/E multiplier around 90x, implies that the company perhaps defeated not only competitors but also the very laws of physics. Investors are pricing in a utopian future, extrapolating current successes into infinity. In this article, we will sort out the anatomy of this business and will show that the market most likely became a victim of an optical illusion. Investors pay a huge premium for a chart and loud headlines, ignoring the fact that the growth of the company is rigidly squeezed into the physical frames of the silicon epoch, which inexorably approaches its mathematical limit. The Profile: Ideal Business and the "Tax on Silicon" To understand why the market is so blindly in love with ARM, it is necessary to look at the company's product. ARM's main paradox is that it does not produce microcircuits. The company does not own multi-billion-dollar fabs, does not purchase silicon wafers, and does not engage in the manufacturing of transistors. Its only real asset is probably intellectual property. If we imagine the process of the creation of a chip as a military operation, where transistors are soldiers, then ARM does not engage in the recruiting or training of infantry. ARM writes the Charter—the general plan of battle by which these soldiers are obliged to act. The fundamental product of the company is the Instruction Set Architecture , or the base architecture of the ins...