akinbostanci/E+ via Getty Images Introduction Nvidia ( NVDA ) has been a great pick for a long time. Since I upgraded to strong buy in June 2025 , the stock has delivered a return of 47% compared to the market return of 25%. Today, however, I believe the stock has likely seen the rapid price appreciation phase as in the rear-view mirror, at least for now. The company reported stellar earnings recently, to which the stock did absolutely nothing. This suggests to me the bar Nvidia now has to clear in order to see its stock price move meaningfully is very high indeed. This is partly a function of size; at $5tn in market cap, even a $50bn flow into the stock would only produce a 1% move. The stock looks cheap on a forward P/E basis, but I think earnings being baked in are potentially at risk due to documented delays in the planned data center build-out. A clogging up of the data center pipeline could cause customers to meaningfully slow down their purchases and installations of Nvidia chips. I don't think this would lead to a decline in earnings, but it does make the current consensus estimates look quite challenged. Markets are expecting Nvidia to grow EPS by close to 90% in FY27 and another 40% in FY28. From a technical perspective, the stock has put in a very neat head and shoulders pattern, which often signals a reversal of a prior trend. Nvidia had broken out of its price range as we came into earnings; however, the muted reaction suggests to me it might drift back down to its prior range. TradingView I'm struggling to see the stock price moving meaningfully from here without a catalyst, and if strong earnings and a stellar keynote by Jensen at Computex failed to be that catalyst, I'm not sure what more the company can do in the near term. With all this considered, I am downgrading Nvidia to a hold as I expect it to be range bound for a while. Earnings Nvidia reported its Q1 FY27 earnings on May 20 th . Simply put, the numbers delivered against a very high set of a...

akinbostanci/E+ via Getty Images Introduction Nvidia ( NVDA ) has been a great pick for a long time. Since I upgraded to strong buy in June 2025 , the stock has delivered a return of 47% compared to the market return of 25%. Today, however, I believe the stock has likely seen the rapid price appreciation phase as in the rear-view mirror, at least for now. The company reported stellar earnings recently, to which the stock did absolutely nothing. This suggests to me the bar Nvidia now has to clear in order to see its stock price move meaningfully is very high indeed. This is partly a function of size; at $5tn in market cap, even a $50bn flow into the stock would only produce a 1% move. The stock looks cheap on a forward P/E basis, but I think earnings being baked in are potentially at risk due to documented delays in the planned data center build-out. A clogging up of the data center pipeline could cause customers to meaningfully slow down their purchases and installations of Nvidia chips. I don't think this would lead to a decline in earnings, but it does make the current consensus estimates look quite challenged. Markets are expecting Nvidia to grow EPS by close to 90% in FY27 and another 40% in FY28. From a technical perspective, the stock has put in a very neat head and shoulders pattern, which often signals a reversal of a prior trend. Nvidia had broken out of its price range as we came into earnings; however, the muted reaction suggests to me it might drift back down to its prior range. TradingView I'm struggling to see the stock price moving meaningfully from here without a catalyst, and if strong earnings and a stellar keynote by Jensen at Computex failed to be that catalyst, I'm not sure what more the company can do in the near term. With all this considered, I am downgrading Nvidia to a hold as I expect it to be range bound for a while. Earnings Nvidia reported its Q1 FY27 earnings on May 20 th . Simply put, the numbers delivered against a very high set of a...

adventtr/iStock via Getty Images By Dalya Hahn Accelerating capital spending on AI buildouts by mega-cap hyperscalers and emerging AI model developers continues to surpass expectations. The positive trajectory of capex has supported equity performance across the semiconductor industry, with memory players seeing particularly strong gains. Just as skepticism has emerged over the potential return on investment from an unprecedented period of capex, investors have also begun to raise concerns over the duration of the current semiconductor cycle (Exhibit 1). Exhibit 1: Semiconductor Revenue Highly Cyclical Data as of March 31, 2026. Source: WSTS. The semiconductor industry has historically proven volatile through waves of technology innovation where chip demand has increased faster than available supply, yet we believe the unique and expansive nature of generative AI could elongate and reduce the severity of the traditional boom/bust cycle (Exhibit 2). Exhibit 2: Hyperscaler AI Capex Keeps Surpassing Expectations Source: The term “consensus” for the Hyperscaler capex estimates refers to the average of capex estimates made by sell-side analysts. Data as of March 31, 2026. Source: FactSet. Overall chip demand continues to inflect much faster than supply as the generative AI revolution has transformed what the installed enterprise technology base needs to be. Adding supply, especially for high-end applications, can be an especially lengthy process. For example, an extreme ultraviolet lithography machine that etches intricate circuit patterns required to produce leading-edge chips can take six to 12 months to manufacture and ship to a customer. Indeed, supply is constrained by both physics as well as the production capacity of semiconductor capital equipment makers like ASML ( ASML ) and leading foundries such as Taiwan Semiconductor Manufacturing ( TSM ), especially when building the foundation for an all-new type of compute. While graphics processing units (GPUs) have bee...

Russia's Sechin says US companies benefit from Strait of Hormuz closure Reuters

格隆汇6月6日｜科威特方面通报称，已处置三起残骸坠落事件，其中两起引发火情。

催化熄火 5 月 12 日，碳酸锂期货盘中触及 20.88 万元，创历史新高。 仅仅 三周后，价格却 迅速 跌回了 16.68 万，跌幅接近 20% 。 锂矿股也跟着一齐下跌，接近三成的回撤。 碳酸锂从 20 万跌回 16 万，是牛市中的回调，还是趋势逆转的开始？ 01 催化消退 推动这轮下跌的，是三个供给端的催化因素在 5 月中旬同时消退。 其中影响最直接的，是仓单堰塞湖。 6 月 3 日，广州期货交易所的碳酸锂仓单达到 5.6 万吨，创历史新高。 所谓仓单，就是堆在交割库里、在交易所注册了凭证的现货 —— 谁持有仓单，谁就能随时在期货盘面上交货。 5.6 万吨什么概念？当月全国碳酸锂产量 11.33 万吨。交割库门口，堆着半个月的全国产出。 仓单为什么在三周内突然暴增？ 直接原因是现货贴水。 5 月中旬开始，碳酸锂现货价持续低于期货价。持货商一算账：与其在现货市场低价卖，不如拉去交割库注册成仓单，在期货盘面上高价套利。再加上行业发票整顿，企业走正规交割渠道的意愿也在增强。 但真正把多头打趴下的，是统计样本变了。 市场判断碳酸锂供需格局，主要看 SMM （上海有色网） 每周发布的社会库存数据，全市场多空博弈的 " 锚 " 。 5 月 13 日， SMM 把库存统计的覆盖范围扩大了：贸易商环节的纳入率，从此前的约 50% 一口气提到 70% 到 80% 。 这一扩，以前没被看到的隐性库存全浮出水面。 SMM 的样本库存一夜多出约 3.7 万吨 —— 相当于全国一周的用量。 此前多头最核心的交易逻辑 ——" 社会库存正在快速去化，供给越来越紧 " 被彻底证伪了。库存藏在统计盲区里。 3.7 万吨隐性库存显形， 让 " 低库存 " 的叙事地基塌了。 连锁反应随之而来。多头不敢在这个位置上拉升，堆在交割库门口的巨量仓单随时砸下来。价格越跌，持货商越恐慌性注册仓单；仓单越高，价格继续跌。一个自我强化的下跌螺旋。 供给侧 叙事 的另外两条 桌 腿，也 逐渐支不起来 。 与此同时，供给预期在 5 月中旬发生了戏剧性的翻转。 津巴布韦这件事值得从头说起。 2 月 25 日，这个非洲国家突然宣布全面暂停锂精矿出口，市场瞬间恐慌 —— 碳酸锂期货一天暴涨 11.42% 。中国有 19% 的进口锂精矿来自津巴布韦，一年约 120 万吨的物理进口量。这条供应链要是真断了，国内冶炼厂的原料...

比电力更暴利的隐形冠军 最近关于印度高温的新闻广泛传播，国内这边， 5 月下旬南方就提前入夏。与此同时，电力板块已经涨了一波，很多人都看到了高温带来的电力紧缺。 但很少有人注意到，有一个比电力更隐蔽、弹性更大的行业，正在悄悄迎来爆发。 就在半个月前，特朗普政府官宣放宽三代制冷剂的使 用限制 ，将原 本严苛的淘汰时间表大幅延后。 一边是全球高温带来的旺季需求，一边是欧美政策转向延长了产品生命周期，再加上国内严格的配额制度锁死了供给。 平时大家关注不多的制冷剂行业迎来了新的催化。 01 十年轮回 ， 看懂制冷剂的周期密码 很多人对制冷剂的印象，还停留在 " 空调加氟 " 这个几十块钱的服务上。但很少有人知道，这是一个典型的强周期行业，每十年左右就会迎来一次大的行情。 从长期趋势来看， 制冷剂行业的核心逻辑从来都不是需求，而是供给。 这一切都源于《蒙特利尔议定书》。为了保护臭氧层，全球各国约定逐步淘汰破坏臭氧层的制冷剂。从最早的 R12 ，到第二代的 R22 ，再到现在主流的第三代 HFCs 制冷剂，每一次代际更替，都会带来一次行业的大洗牌。 而这一次的三代制冷剂，情况尤为特殊。 2024 年，我国正式进入三代制冷剂生产配额冻结期， 2024-2029 年总产量被严格冻结在基线水平， 2030 年才开始逐步削减，未来 6-7 年供给刚性 较 强。 也就是说，不管下游需求怎么涨，行业总供给就这么多， 谁拿到了更多的配额，谁就拥有了未来几年的 " 印钞权 " 。 这种供给刚性，就像煤炭行业的采矿权，一旦确定，就形成了天然的护城河。而且随着行业集中度不断提升，头部企业的话语权会越来越强。 从短期趋势来看，多重利好正在集中释放。 首先是季节性需求的爆发。随着全球进入厄尔尼诺周期，今年夏天大概率会是一个 " 炎夏 " 。国家气候中心预测，我国大部分地区气温较常年偏高。空调作为制冷剂最大的下游应用，占比超过 60% ，旺季需求已经开始逐步释放。 更重要的是，欧美政策的突然转向，改变了市场的预期。 过去几年，欧美一直计划加速淘汰三代制冷剂，转而使用更环保的四代产品。但实际情况是，四代制冷剂不仅价格昂贵，技术也不成熟，很多设备根本无法兼容。强行推进的结果就是，欧美市场出现了严重的制冷剂短缺，价格飞涨。 无奈之下，美国和英国只能先后宣布放宽三代制冷剂的使用限制，将淘汰时间表延后。这意味着，...

伊朗最高领袖军事顾问穆赫辛·雷扎伊5日表示，美国与伊朗能否达成协议，取决于美国政府是否同意解冻伊朗240亿美元遭冻结资产。他同时警告，美方若重启军事行动，将“迈向一条黑暗道路”。雷扎伊当天在伊朗首都德黑兰接受美国有线电视新闻网(CNN)记者专访时说：“谈判正陷入僵局，（美国总统）特朗普必须打破僵局。主动权在他手里。”(新华社)

据美国方面6月6日消息，三名知情人士透露，美国政府高级官员已与美国大型人工智能企业进行了初步讨论，探讨政府入股这些企业的可能性。知情人士表示，自美国总统特朗普第二个任期开始，美国开放人工智能研究中心首席执行官奥尔特曼就定期与政府高级官员讨论这一构想。奥尔特曼在2025年初首次向特朗普提出相关概念，并在最近几周再次与政府高级官员进行讨论，将其视为一种向公众更广泛地分配人工智能相关经济效益的方式。据悉，讨论的重点在于让这些企业“自愿将股份转让给政府”，投资回报随后可用于公共用途。不过，相关计划仍在筹备中，且具体细节尚未确定。目前，美国政府方面和相关公司都未就此作出回应。(央视新闻)

Images By Tang Ming Tung/DigitalVision via Getty Images Shopify ( SHOP ) is finally offering a buying opportunity. That is an unusual occurrence for what perennially trades at a premium valuation due to management’s pristine track record of execution. SHOP looks squarely positioned to drive agentic AI adoption across its vast customer base. The company has been able to pair aggressive top-line growth with solid margin expansion. I am upgrading the stock to a buy rating. SHOP Stock Price I last covered SHOP in March , where I upgraded the stock to a neutral rating as I expected the company to be a long-term AI winner. The stock has fallen around 13% since to around $111 per share. Data by YCharts That underperformance has created a buying opportunity that I do not recommend missing. SHOP Stock Key Metrics SHOP is an e-commerce giant whose stock appears to have come under pressure as the market may be concerned that its software may be possibly disrupted by AI. I am inclined to push back on such a narrative, as SHOP may benefit from network effects, as I view it to be the only real challenger to Amazon’s ( AMZN ) grip on e-commerce. 2026 Q1 Presentation SHOP provides a full end-to-end platform offering, making it potentially difficult for competitors to replicate the breadth of the platform. What’s more, it may not make sense from a cost perspective for customers to try to implement the offering themselves when they are likely getting a bundled deal. What’s more, I would expect SHOP to be a long-term beneficiary from agentic AI, as its deep entrenchment in customer workflow may put it in a position to earn a good chunk of any transition to agentic AI in its customer base. In the most recent quarter, SHOP delivered strong results, with revenue growing 34% YoY to $3.2 billion, exceeding guidance for around 30% growth. SHOP is no small company, with gross merchandise volume standing at $101 billion in the most recent quarter. The fact that the company has been able to sh...

PBU The Pension Fund of Early Childhood & Youth Educators Makes New Investment in Oracle Corporation $ORCL MarketBeat

Hoping to Ride Micron Stock Higher? Don't Ignore This Red Flag. AOL.com

Trump's comments on Dell have drawn criticism. Yet the company has also been a major beneficiary of the AI boom.

78,611 Shares in Qualcomm Incorporated $QCOM Bought by PBU The Pension Fund of Early Childhood & Youth Educators MarketBeat

Resolute Advisors LLC Takes $274,000 Position in Advanced Micro Devices, Inc. $AMD MarketBeat

World Cup friendly football news from 8am UK time Your essential guide to every player at the World Cup You can email us here | Sign up for Football Daily Sarina Wiegman admitted she “expected a different game” between the Lionesses and Spain last night. The England manager said: “Of course it hurts. I expected a totally different game. I expected a very tight game, a very competitive game, but it was different tonight, so that’s of course really disappointing and that hurts.” She went on to add: “We were really struggling to keep the ball and find the passes further away or in behind. They played really well and we didn’t play so well. Out of possession, we were really struggling to stay compact, especially in our own half … our connections weren’t so good and they found the space we left straight away.” It was England’s heaviest defeat in 17 years. They had not lost by a four-goal margin since the Euro 2009 final – a 6-2 loss to Germany. It was the first time the Lionesses had conceded four goals in a World Cup qualifier. Prior to the match, England had not lost a qualifier since November 2002. Continue reading...

Changes to Hong Kong’s public transport subsidy scheme saved the government HK$69 million (US$8.8 million) in the first month, with fewer elderly and disabled commuters taking expensive long-haul routes for short trips, the welfare minister has said. Secretary for Labour and Welfare Chris Sun Yuk-han said on Saturday that, following revisions to the concessionary fare scheme that took effect on April 3, the average government subsidy for trips costing more than HK$10 fell from HK$4.90 in March...

Bloom Energy (BE) is drawing fresh attention as multi gigawatt fuel cell deals for AI data centers with Oracle and Brookfield coincide with strong quarterly results, higher guidance, and management’s commitment to growth without new equity. See our latest analysis for Bloom Energy. Despite a recent pullback, including a 1 day share price return that fell 9.53% and a 30 day share price return down 7.66%, Bloom Energy’s 90 day share price return of 94.99% and very large 1 year total shareholder...

Prediction: This Artificial Intelligence Semiconductor Stock Will Outperform Nvidia Over the Next 5 Years The Motley Fool

格隆汇6月6日｜巴林军方称其拦截了来自伊朗的三枚导弹及多架无人机。

In early June 2026, ASML Holding was caught in a broad semiconductor selloff after Broadcom’s guidance and stronger-than-expected U.S. jobs data reset expectations for AI chip spending and raised concerns about higher discount rates. This episode highlights how ASML’s share price can be materially influenced by sector-wide sentiment and macroeconomic shifts, even when its own fundamentals and order trends remain strong. Now we’ll examine how this sector-wide reset in AI chip spending...

US authorities are scrutinizing potential loopholes that may allow Chinese companies, including Alibaba Group Holding (NYSE:BABA), to obtain Nvidia's advanced AI chips despite current export controls. The US Commerce Department has issued clarifications and may introduce tighter rules that could affect Alibaba's access to high end AI semiconductors. Any further restrictions would focus on AI and cloud infrastructure hardware, with implications for Alibaba's technology roadmap and global...

In recent months, BlackBerry has highlighted its shift to a growth-focused, profitable software company, underpinned by momentum in its QNX embedded platform, AI-driven cybersecurity offerings, and renewed U.S. government validation of its AtHoc secure communications through FedRAMP Class D (High) re-certification. New collaborations, including an expanded QNX partnership with NVIDIA for safety-critical edge AI and management’s decision to extend a sizeable share buyback program through...

NPR has tracked deported Filipino sailors who say they were accused without evidence of possessing child sexual exploitation material. Almost none have been charged or prosecuted.

Micron has emerged as one of the biggest beneficiaries of the AI boom, but investors should look beyond the excitement.

Key PointsMicron's biggest risk isn't a slowdown in AI data center demand.

Rod Johnson 又回到了一线。 他是 Spring 的创造者，曾经几乎重新定义了企业 Java 应用该怎么写。二十多年后，他重新创业，做了一个面向企业 AI Agent 的开源框架 Embabel，试图把 LLM 放进真实的业务系统里，让它不只是会调用工具，而是能在可控、可解释、可审计的流程里工作。 有意思的是，这一次他做的仍然是框架，但他对“框架”的未来并不乐观，至少不再是过去那种乐观。在他看来，模型还会继续变强，工具也会越来越多地替开发者做选择。Embabel 会不会被更强的模型追上？企业还需不需要这样一层 harness？未来的框架到底是由开发者挑选，还是由 AI 工具自动决定？这些问题，都绕不开他在访谈里说出的那句话：这可能是最后一波由人类亲自选择的框架。 这句话放在别人嘴里，可能只是又一次 AI 时代的夸张判断。但从 Spring 创始人口中说出来，意味就不一样了。因为 Rod Johnson 亲手参与过框架时代的兴起，也见过一个框架如何变成企业软件开发的基础设施。现在，他回到战场，却认为选择权正在转移：开发者未必会消失，但开发者亲自挑框架、搭技术栈、决定系统骨架的时代，可能正在进入尾声。 本文基于该播客视频整理，经 InfoQ 编辑。 核心观点如下： 如果我要用 TensorFlow 做模型训练、微调、某些数据处理和摄入，我当然会用 Python。但 GenAI 应用层赋能这件事，更适合在应用原本的语言里完成，如果应用是用 Java 写的，那就在 Java 里完成。 一旦你进入复杂的应用程序，如果你不保持那种架构上的监督，你很快就会陷入一团乱麻。你的 Agent 会愉快地添加新功能，但每添加一个新功能，设计就会退化，代码就会变得非常糟糕。 开发者不应该花大量时间在编写代码上，因为你可以通过专注于你独特增加价值的地方来获得更大的杠杆。 每个开发者原则上都应该每隔一两年学一门新语言，因为它真的会改变你的思维方式。 这可能已经是“最后一代由人类主动选择的框架”了。以后越来越多的技术选型，都会由我们的工具替我们完成。 Spring 创始人回归一线创业 Simon： 我翻你的履历时发现，你在创建 Spring 之前，拥有一个关于 19 世纪巴黎钢琴音乐的博士学位。 Rod： 是的，我的第一个学位是音乐和计算机科学双专业，当时完全没办法决定往哪个方向走。后来...

Prudential PLC Sells 32,732 Shares of Qualcomm Incorporated $QCOM MarketBeat

When it comes to outperforming Nvidia (NASDAQ: NVDA) , investors may underestimate what a major accomplishment that is. Despite its huge size, the artificial intelligence (AI) chipmaker reported 85% revenue growth in the 2027 fiscal first quarter (ended April 26), a feat difficult for most smaller companies growing from much smaller bases. Nonetheless, amid a cloud and AI build-out, a key Nvidia partner is growing faster, and this could lead to this cloud stock outperforming Nvidia over the next five years. Image source: Getty Images. Continue reading