Micron Technology (MU) is suddenly one of Wall Street’s most dramatic artificial intelligence stories. The chipmaker, formerly seen as a cyclical memory business, was the kind of stock that would climb higher as DRAM and NAND prices tightened and fall when supply caught up with demand. That old ...
Micron Technology (MU) is suddenly one of Wall Street’s most dramatic artificial intelligence stories. The chipmaker, formerly seen as a cyclical memory business, was the kind of stock that would climb higher as DRAM and NAND prices tightened and fall when supply caught up with demand. That old ...
monsitj/iStock via Getty Images Gold and silver futures sank to YTD lows Tuesday after President Trump said the U.S. would retaliate against Iran for shooting down an American military helicopter off Oman, posing a new threat to the peace deal he has said repeatedly is close. The two pilots involved in the attack "are safe and uninjured," Trump wrote in a Truth Social post. "Nevertheless, the Unit...
monsitj/iStock via Getty Images Gold and silver futures sank to YTD lows Tuesday after President Trump said the U.S. would retaliate against Iran for shooting down an American military helicopter off Oman, posing a new threat to the peace deal he has said repeatedly is close. The two pilots involved in the attack "are safe and uninjured," Trump wrote in a Truth Social post. "Nevertheless, the United States must, of necessity, respond to this attack." U.S. forces on Tuesday evening launched "self-defense strikes" against Iran in response to the "unjustified Iranian aggression," referring to the downing of the Army helicopter, U.S. Central Command said; details are not yet available. The incident and the threat of tit-for-tat retaliation are raising concerns that interest rate hikes are more likely to curb rising inflation stemming from the ongoing closure of the Strait of Hormuz. Gold's recent decline through its 200-day moving average has triggered additional selling, as it is considered an important level watched by institutional investors. "Should U.S. inflation data for May also surprise on the upside on Wednesday, the gold price is likely to fall further," Commerzbank analysts said in a note. "As long as expectations of interest rate hikes prevail, gold is likely to remain on the back foot." Meanwhile, Citigroup slashed its three-month target for gold to $4K/oz from $4,300 previously, citing the likelihood of a Federal Reserve rate hike this year, although the bank kept its 6-12-month price target at $5K/oz. "Longer term, we maintain a bullish gold view, but we believe it is extremely high-risk in the near term for anyone without very wide stops and longer-term investment horizons," Citi analysts said in a note. Front-month gold and silver tumbled to YTD lows while posting their third consecutive daily declines, with the Comex June gold contract ( XAUUSD:CUR ) closing down 1.7% to $4,260.00/oz and the Comex June silver contract ( XAGUSD:CUR ) sinking 4.9% to $65...
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images AMD: Inventory Reached Record Level in FQ1 My last analysis on Advanced Micro Devices, Inc. ( AMD ) was published on April 29. The article was triggered by Intel’s ( INTC ) Q1 earnings report (ER), in particular the updates on agentic AI. The article rated AMD as a buy, and other envelope information is in the snapshot below. Seeking...
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images AMD: Inventory Reached Record Level in FQ1 My last analysis on Advanced Micro Devices, Inc. ( AMD ) was published on April 29. The article was triggered by Intel’s ( INTC ) Q1 earnings report (ER), in particular the updates on agentic AI. The article rated AMD as a buy, and other envelope information is in the snapshot below. Seeking Alpha Since then, a few new catalysts have evolved and motivated a reexamination. In the end, this reexamination also led to a re-rating of the stock to hold. In the remainder of this article, I will elaborate on the top changes that caused this rating downgrade: the updates in AMD’s own FQ1 ER released on May 5, the competition intensification indicated by the latest market share data, and also the valuation expansion. My narrative will be through the lens of AMD’s latest inventory data for two reasons. Firstly and fundamentally, I found the following insights from Peter Lynch on the use of inventory data invaluable in past experiences. To start, unlike many other financial data that are more open to interpretation, inventory is one of the less ambiguous financial data. Lynch also explained why inventory levels can be a telltale sign of business cycles. Especially for cyclical businesses, inventory buildup is a warning sign, which indicates the company (or sector) might be overproducing while the demand is already softening. Conversely, depleting inventory could be an early sign of a recovery. Secondly, in the case of AMD, its inventory data from its FQ1 ER really caught my attention. The ER was quite strong overall (which was thoroughly detailed in a series of review articles shortly after the release). So, I won’t recap the positives anymore and will just directly draw your attention to the inventory data. As shown in its updated balance sheet below, its inventory has been rising at a rapid pace in recent years and reached a record level in Q1. In the past 2 years alone...
Engineering teams building agentic coding pipelines now have a concrete open-source alternative to managed models like Claude Fable 5 — one that runs on a single H100. The tradeoff: Cohere's North Mini Code, which launched Tuesday, generated three times the output tokens of comparable models in independent testing, a verbosity cost that compounds in high-volume production workloads. The new open-s...
Engineering teams building agentic coding pipelines now have a concrete open-source alternative to managed models like Claude Fable 5 — one that runs on a single H100. The tradeoff: Cohere's North Mini Code, which launched Tuesday, generated three times the output tokens of comparable models in independent testing, a verbosity cost that compounds in high-volume production workloads. The new open-source model is a 30 billion parameter mixture-of-experts (MoE) model with 3 billion parameters active per token, built for agentic software engineering including sub-agent orchestration, architecture mapping, code review and terminal work. The model supports a 256,000 token context window with a 64,000 token maximum generation length, and is available on Hugging Face under an Apache 2.0 license. What North Mini Code can do North Mini Code targets the full agentic coding stack. Here is what the model does and what it runs on. Software engineering. Cohere built North Mini Code specifically for agentic software engineering, not adapted from a general-purpose base. It has integrated tool-use capabilities and supports interleaved thinking, which Cohere says improves performance across multi-step agentic work. Architecture mapping and code review. North Mini Code can analyze and map systems architecture, surface dependencies and perform code review across large codebases. With a 256,000 token context window, it can hold substantial multi-file projects in a single context pass. Terminal-based agentic task s. The model is trained for terminal environments, handling shell interactions, package scripts and command-line tooling. Cohere benchmarked it on Terminal-Bench v2, which tests agents in real terminal environments rather than synthetic code generation tasks. How it was built North Mini Code is a sparse mixture-of-experts model with 128 experts, of which 8 activate per token. The compute requirement at inference time is closer to a 3 billion parameter model despite 30 billion tot...
Apple (NASDAQ:AAPL), which designs and sells smartphones, computers, tablets, and accessories, closed Tuesday at $290.55, down 3.64%. The stock moved lower as investors reacted to WWDC 2026 “Apple Intelligence” and Siri AI announcements that many viewed as underwhelming and are n
Apple (NASDAQ:AAPL), which designs and sells smartphones, computers, tablets, and accessories, closed Tuesday at $290.55, down 3.64%. The stock moved lower as investors reacted to WWDC 2026 “Apple Intelligence” and Siri AI announcements that many viewed as underwhelming and are n
American Airlines Group (NASDAQ:AAL) , a major passenger and cargo carrier, closed Tuesday at $14.09, up 3.60%. The stock advanced after the company announced a sustainable aviation fuel deal with Alphabet ’s Google. Falling oil prices and recent analyst upgrades helped boost its price. Trading volume reached 149.7 million shares, coming in about 127% above its three-month average of 66.0 million ...
American Airlines Group (NASDAQ:AAL) , a major passenger and cargo carrier, closed Tuesday at $14.09, up 3.60%. The stock advanced after the company announced a sustainable aviation fuel deal with Alphabet ’s Google. Falling oil prices and recent analyst upgrades helped boost its price. Trading volume reached 149.7 million shares, coming in about 127% above its three-month average of 66.0 million shares. American Airlines Group IPO'd in 2005 and has fallen 33% since going public. The S&P 500 (SNPINDEX:^GSPC) slipped 0.26% to finish at 7,387, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.97% to 25,679. Among airline stocks , industry peers Delta Air Lines (NYSE:DAL) gained 3.78% to close at $81.17, and United Airlines (NASDAQ:UAL) finished up 4.09% at $109.63 as investors weighed fuel-cost pressures and resilience in travel demand. Continue reading
Good morning . US launches new strikes against Iran. Starlink hits a security roadblock in India. And the last time the World Cup was in North America, tickets cost $25. Listen to the day’s top stories . Market Snapshot Nvidia $208.19 -0.2% WTI Crude Futures $88.20 -3.4% S&P 500 7,386.65 -0.3% Market data as of 05:30 PM ET. Data is subject to provider delays. The US military launched fresh attacks...
Good morning . US launches new strikes against Iran. Starlink hits a security roadblock in India. And the last time the World Cup was in North America, tickets cost $25. Listen to the day’s top stories . Market Snapshot Nvidia $208.19 -0.2% WTI Crude Futures $88.20 -3.4% S&P 500 7,386.65 -0.3% Market data as of 05:30 PM ET. Data is subject to provider delays. The US military launched fresh attacks against Iran hours after Donald Trump vowed to retaliate for the shooting down of a US Army helicopter. Foreign forces in proximity to the Islamic Republic are at risk, a Tehran official said. The two sides have zeroed in on four nuclear issues in negotiations, the NYT reported. Taiwan is weighing tougher curbs on AI chip exports to China to align with the US, people familiar said, an effort to address semiconductor smuggling that risks drawing a rebuke from Beijing. The idea is to give authorities more legal tools to address diversion of advanced hardware, like AI servers with Nvidia chips, from Taiwan to China. Gold and silver fell as investors shifted their focus from renewed Middle East tensions to concerns about energy-market tightness and the prospect of higher interest rates. The S&P 500 recovered most of an earlier decline, while chipmaker shares swung between gains and losses. In Indonesia, traders are watching for further action from authorities to support the rupiah. India’s Oldest Insurgency Has Been Defeated. Will Peace Unlock Investment? Read more The robots are coming: Tata Consultancy Services plans to reduce hiring while aiming to deploy an equal number of AI “employees” and human workers, Tata Group Chairman Natarajan Chandrasekaran said. The move threatens to upend India’s $315 billion software services industry. Elsewhere, Magnetar is also replacing humans as the hedge fund firm deploys hundreds of AI bots to research stocks in place of analysts. Anthropic is broadly releasing a version of Mythos that will be blocked from carrying out cybersecurity task...
The Oil Shock Is Weakening India's Economy and Finances By Tsvetana Paraskova of OilPrice.com India is scrambling to contain the economic and financial impact of the worst oil supply disruption in history as analysts say the high oil prices would continue to weigh on the Indian currency, economic growth, and public finances as long as supply is choked at the Strait of Hormuz. More than three month...
The Oil Shock Is Weakening India's Economy and Finances By Tsvetana Paraskova of OilPrice.com India is scrambling to contain the economic and financial impact of the worst oil supply disruption in history as analysts say the high oil prices would continue to weigh on the Indian currency, economic growth, and public finances as long as supply is choked at the Strait of Hormuz. More than three months after the Iran war began, investment banks, brokerages, rating agencies, and even India’s central bank are lowering economic growth forecasts, while the government intervenes to stop the cash bleed from the balance of payments that has surged with the oil prices. India, which imports more than 85% of the oil it consumes, received about half of all its imports from the Middle East before the war. Now, state-owned and private refiners are looking to diversify imports , including by taking in record volumes of Russian oil, and turning to Venezuela and Brazil for additional crude to offset the lost Middle Eastern supply. Yet, the high import prices, with oil up by about $30 per barrel compared to pre-war levels, are weighing on India’s economic prospects and public finances. “India is set for a series of supply shocks,” Michael Langham, emerging markets economist at Aberdeen Investments, told Reuters . India on Friday introduced measures to protect its currency , the rupee, which had plunged to an all-time low versus the U.S. dollar amid the energy crisis. Yet, the world’s third-biggest crude importer has seen its growth prospects diminished as its high import dependence and the high price refiners pay weigh on inflation and GDP growth. India’s economy remains resilient to the external shocks, but the oil price surge poses near-term downside risks to economic growth and upside risks to inflation, the Reserve Bank of India (RBI) said at the end of May. Indian wealth and asset manager 360 ONE Capital last week said that India’s inflation is set to accelerate to 4.8% in the fisc...
Aurora Innovation (NASDAQ:AUR), a self-driving hardware and software developer, closed at $6.16, down 1.60%. Shares are reacting to ongoing pressure from Uber (NYSE:UBER)’s recent block sale and broader weakness in autonomous-driving names. Investors are also watching execution o
Aurora Innovation (NASDAQ:AUR), a self-driving hardware and software developer, closed at $6.16, down 1.60%. Shares are reacting to ongoing pressure from Uber (NYSE:UBER)’s recent block sale and broader weakness in autonomous-driving names. Investors are also watching execution o