Sri Lanka’s central bank took steps to boost dollar liquidity in the interbank market as part of a series of measures to curb excessive depreciation in the rupee, Governor Nandalal Weerasinghe said. “There was lack of liquidity in the interbank market,” Weerasinghe said at a briefing in Colombo on Tuesday. Importers were demanding more dollars and exporters were not selling, while banks were also ...
Sri Lanka’s central bank took steps to boost dollar liquidity in the interbank market as part of a series of measures to curb excessive depreciation in the rupee, Governor Nandalal Weerasinghe said. “There was lack of liquidity in the interbank market,” Weerasinghe said at a briefing in Colombo on Tuesday. Importers were demanding more dollars and exporters were not selling, while banks were also just collecting dollar inflows and servicing only their clients, without selling in the market, he said. The central bank met with bank treasurers late last week and took measures to align the rupee interbank rate with the rate being offered to bank customers, the governor said without elaborating. A number of Asian central banks, including Indonesia, the Philippines and India, are coming under pressure to defend their currencies as oil prices surge due to the Iran war. In Sri Lanka, the rupee fell to a three-year low last week before rebounding almost 7%. The central bank intervenes to smoothen out volatility, but also to build reserves by buying dollars when the rupee appreciates. Sri Lanka Surprises With Big Rate Hike as EMs Defend Currencies Sri Lankan Rupee Rallies Most in Three Years, Leads Asia FX
Microsoft promised to greatly reduce the amount of time we spend waiting for shaders to compile in modern games via Advanced Shader Delivery, and the company’s feature is seemingly fulfilling that promise. While the tech doesn’t always have a profound effect in games, it’s difficult to go back to the way things were in titles that benefit from it. For those out of the loop, Advanced Shader Deliver...
Microsoft promised to greatly reduce the amount of time we spend waiting for shaders to compile in modern games via Advanced Shader Delivery, and the company’s feature is seemingly fulfilling that promise. While the tech doesn’t always have a profound effect in games, it’s difficult to go back to the way things were in titles that benefit from it. For those out of the loop, Advanced Shader Delivery began life on the ROG Xbox Ally X and ROG Xbox Ally before becoming available to other Windows devices as part of a public preview earlier this year. The technology aims to replace often lengthy shader pre-compilation by bundling precompiled shaders alongside game files themselves. In theory, this should massively speed up the time it takes for you to start a game following initial installation, patches, and driver updates. For the moment, Advanced Shader Delivery is only available to AMD GPUs, specifically those with RDNA 3 GPUs or newer, and only works via the Xbox Store. However, wider storefront compatibility and alternative takes of the technology from both Intel and Nvidia should follow suit in the near future. The fine folks at Tom’s Hardware tested Advanced Shader Delivery in six games, using a Radeon RX 9070 XT, and the results were frequently transformative. Forza Horizon 6 enjoyed the largest 96% improvement, with shader compilation load times falling from 48 seconds to a mere two seconds thanks to Advanced Shader Delivery, but these weren’t the only impressive reductions. For instance, The Outer Worlds 2 previously took 2 minutes and 52 seconds to precompile shaders but this falls to a staggeringly short 9 seconds with Advanced Shader Delivery, a 95% uplift. Meanwhile, Avowed and Hogwarts Legacy respectively saw wait times reduce by 78% and 56%. Unfortunately, Advanced Shader Delivery seemingly can’t fix stutters stemming from on-the-fly shader compilation. While testing Silent Hill f, a game without a pre-compilation step, frame rates remain spotty, although ...
tifonimages/iStock via Getty Images Introduction Nearly four thousand years ago, in ancient Mesopotamia, there lived a copper merchant named Ea-nāṣir. His copper was apparently of such poor quality, and his customer service so lackluster, that one dissatisfied buyer sent what is considered to be the oldest known written customer complaint on a clay tablet. The copper market has changed since then,...
tifonimages/iStock via Getty Images Introduction Nearly four thousand years ago, in ancient Mesopotamia, there lived a copper merchant named Ea-nāṣir. His copper was apparently of such poor quality, and his customer service so lackluster, that one dissatisfied buyer sent what is considered to be the oldest known written customer complaint on a clay tablet. The copper market has changed since then, but the central issue remains: good copper supply is scarce, and prices are high. Southern Copper ( SCCO ) has stronger margins and perhaps higher quality, but the market is already charging a premium for it. Freeport-McMoRan ( FCX ) may not be the most profitable copper miner, but it does look like the copper play where valuation, recovery torque, and large-cap liquidity line up best. As such, it is my Best Commodity Idea. Copper Demand is Still Doing the Heavy Lifting The strongest part of the FCX investment case is copper itself. On the Q1 2026 earnings call , management used a simple phrase: electricity equals copper. That may sound promotional, but it 's essentially true. Grid investment, AI data centers, electrification, energy infrastructure, and China's power spending all point toward higher copper usage intensity. This doesn 't mean copper prices can only move higher, but it does explain why copper miners continue to deserve investor attention. According to Seeking Alpha 's estimate table, FCX 's revenue is expected to rise from $28.46 billion in 2026 to $34.03 billion in 2027 and $35.78 billion in 2028. EPS is expected to increase from $2.63 in 2026 to $3.73 in 2027 and $4.18 in 2028. The price sensitivity is significant. Management modeled annual EBITDA of approximately $14 billion at $5 copper and $21 billion at $7 copper for the 2027-2028 period. It also said every $0.10 per pound move in copper changes annual EBITDA by approximately $400 million. That 's the key number. If copper stays strong, FCX has major operating leverage. If copper weakens, the same leve...
Trevor Meunier/iStock Editorial via Getty Images The Thesis: Right Story, Full Price I'll be honest. I went into this analysis of Ciena Corporation ( CIEN ) hoping to find something to justify a Buy rating. CIEN has allure: a strong position in the AI infrastructure, impressive backlog numbers, and better-than-anticipated Q1 FY2026 results. Still, when I started running the numbers, it just did no...
Trevor Meunier/iStock Editorial via Getty Images The Thesis: Right Story, Full Price I'll be honest. I went into this analysis of Ciena Corporation ( CIEN ) hoping to find something to justify a Buy rating. CIEN has allure: a strong position in the AI infrastructure, impressive backlog numbers, and better-than-anticipated Q1 FY2026 results. Still, when I started running the numbers, it just did not check out. At 14.1x forward EV/revenue, Ciena trades at 3.7 times the median multiples of the hardware industry. Furthermore, Ciena only delivers 42% gross margins with a GAAP return on equity of 4.5%. With this profile, 14.1x forward EV/revenue is simply almost 4 times higher than the hardware peer median. Given that I am uncomfortable with the current valuation based on execution alone, I'm rating CIEN a Hold . The AI thesis has legs, but the risk-reward from here is insufficient. Author Data Analysis What Makes This Business Actually Different Before I dive into the financials, let me give you a quick orientation of CIEN. Ciena conducts business across four segments: Networking Platforms, Platform Software and Services, Blue Planet Automation, and Global Services. Optical gear still accounts for the majority of revenue at 77% of turnover; what is shifting, however, is WHO that hardware serves. Direct cloud revenue jumped 76% year-on-year in the first quarter and represents 42% of revenue. These are not the result of a telecommunication refresh cycle but that of hyperscaler AI cluster connectivity, where every training rack at an AI data center needs cutting-edge optics at scale and where CIEN's WaveLogic 6 platform holds an estimated 18–24 month technology lead. I take that moat seriously. Author Data Analysis Q1 FY2026: The Quarter That Made the Bull Case Hard to Dismiss Let's take a close look at the Q1 FY2026 numbers, as they reveal something important—the recent SA reports either completely bypassed them or gave them a cursory look. Q1 revenues rose 33.1% year-over...
BING-JHEN HONG/iStock Editorial via Getty Images This Laggard Will Outperform NVIDIA Corporation ( NVDA ) is largely behind the recent AI rally, underperforming the iShares Semiconductor ETF ( SOXX ) and many peers. Despite reaching a new high, the stock only delivered a 30% return compared to SOXX's 73% since March 30th. Should you dump this laggard? Don't panic. The 1Q FY2027 earnings should inj...
BING-JHEN HONG/iStock Editorial via Getty Images This Laggard Will Outperform NVIDIA Corporation ( NVDA ) is largely behind the recent AI rally, underperforming the iShares Semiconductor ETF ( SOXX ) and many peers. Despite reaching a new high, the stock only delivered a 30% return compared to SOXX's 73% since March 30th. Should you dump this laggard? Don't panic. The 1Q FY2027 earnings should inject more confidence that NVDA's fundamentals are still resilient. Although revenue growth seems normalized a bit after six consecutive quarters of triple-digit growth, I don't see any issue with that because a company's growth can't maintain that high forever. Still, some investors have concerns about intensified AI competition from Advanced Micro Devices, Inc. ( AMD ). Moreover, hyperscalers that have spent billions on self-developed chips could reduce their reliance on NVDA's chips. So far, NVDA's 2Q revenue outlook sees a growth rebound to triple digits again, which actually shows solid demand for its AI chips. I previously maintained a Hold on NVDA for many quarters but upgraded the rating to Buy three months ago. In 4Q FY2026, key growth metrics were strong, beating all expectations. However, investors questioned the sustainability of GPU demand in FY2027, which now seems overdone to me. At that time, the stock's non-GAAP P/E fwd had compressed below 25x. Currently, its forward P/E is still below 25x, even though the stock has rallied 16% since my last article. I believe the stock has plenty of room to catch up to the semi-index, especially following the post-1Q selloff. That said, NVDA is still a solid Buy. Agentic CPU Demand Can Boost Data Center Revenue The company model Unsurprisingly, NVDA beat both revenue and EPS estimates in 1Q FY2027. I think growth momentum will climb much higher this year, driven by accelerating agentic AI spending. Particularly, we've noticed that the CPU market has gained more traction. We can see this mega trend has greatly benefited Adva...
Ethereum (CRYPTO: ETH) has held the number two spot in crypto for years, and most investors see no reason that changes anytime soon. ETH remains at the center of decentralized finance, NFTs, and most smart contract activity across crypto. But rivals are catching up: Solana (CRYPTO: SOL) with cheaper transactions, XRP (CRYPTO: XRP) targeting bank ... Could Ethereum Lose Its Number 2 Crypto Position...
Ethereum (CRYPTO: ETH) has held the number two spot in crypto for years, and most investors see no reason that changes anytime soon. ETH remains at the center of decentralized finance, NFTs, and most smart contract activity across crypto. But rivals are catching up: Solana (CRYPTO: SOL) with cheaper transactions, XRP (CRYPTO: XRP) targeting bank ... Could Ethereum Lose Its Number 2 Crypto Position by 2030?
格隆汇5月26日｜小米集团(1810.HK)发布 2026 年第一季度业绩公告。本季度实现营业收入991亿元，维持高规模，且高于市场预期的988.5亿元；实现经调整净利润61亿元，核心业务经营利润环比大增近2倍。集团四大业务稳步向好，其中手机×AIoT分部收入793亿元，智能手机出货量连续23个季度稳居全球前三。智能电动汽车及 AI 等创新业务分部收入199亿元，同比增长6.9%。
格隆汇5月26日｜小米集团(1810.HK)发布 2026 年第一季度业绩公告。本季度实现营业收入991亿元，维持高规模，且高于市场预期的988.5亿元；实现经调整净利润61亿元，核心业务经营利润环比大增近2倍。集团四大业务稳步向好，其中手机×AIoT分部收入793亿元，智能手机出货量连续23个季度稳居全球前三。智能电动汽车及 AI 等创新业务分部收入199亿元，同比增长6.9%。
Chinmayi Shroff/iStock via Getty Images Fund performance The Fund declined by 20.15% in US dollar terms over the quarter, underperforming the benchmark by 252 basis points. Stock selection across energy, consumer discretionary and healthcare were key detractors. 1 Within energy, our holding in Aegis Vopak detracted amid concerns over near-term liquefied petroleum gas supply disruptions linked to t...
Chinmayi Shroff/iStock via Getty Images Fund performance The Fund declined by 20.15% in US dollar terms over the quarter, underperforming the benchmark by 252 basis points. Stock selection across energy, consumer discretionary and healthcare were key detractors. 1 Within energy, our holding in Aegis Vopak detracted amid concerns over near-term liquefied petroleum gas supply disruptions linked to the US-Iran conflict. Not holding ONGC and Coal India also weighed on relative performance as investors rotated into energy and domestic commodity producers. This was partly mitigated by the Fund's utilities exposure, with NTPC contributing to relative returns. As a regulated utility with stable, visible cash flows and a key role in India's power generation capabilities, NTPC benefitted from its strategic positioning. In consumer discretionary, our auto holdings underperformed, which was partially outweighed by not holding Maruti. Travel-related names such as MakeMyTrip ( MMYT ) and Indian Hotels pulled back amid concerns over domestic travel demand and second-order impacts from the Middle East conflict. To mitigate this, we exited MakeMyTrip and reduced exposure to Indian Hotels. Elsewhere, HDFC Bank ( HDB ) declined in March despite a bottom-line beat, with improving margins, resilient fee income and stable asset quality. Investors' focus remained on the elevated loan-deposit ratio and growth concerns, with shares weakening further following the bank chairman's abrupt resignation. We engaged with HDFC Bank's management to obtain initial clarifications and continue to monitor developments closely. This was partly mitigated by Karur Vysya Bank, which benefitted from sector-wide lending momentum and improving asset quality prior to the conflict. Our healthcare holdings, such as JB Chemicals and Pharmaceuticals and Sai Life Sciences, did well, given the sector's relatively lower sensitivity to oil prices. Elsewhere, cables and wires manufacturer KEI Industries saw its share pr...
Although he retired at the end of last year, Warren Buffett's legacy and many of his top investments remain strong at Berkshire Hathaway (NYSE: BRKA) (BRKB +1.32%). One of Buffett's most storied investments is in Coca-Cola (KO +0.49%), which currently accounts for 9.8% of Berkshire's stock portfolio. Interestingly enough, however, Berkshire has owned exactly 400 million Coca-Cola shares since Augu...
Although he retired at the end of last year, Warren Buffett's legacy and many of his top investments remain strong at Berkshire Hathaway (NYSE: BRKA) (BRKB +1.32%). One of Buffett's most storied investments is in Coca-Cola (KO +0.49%), which currently accounts for 9.8% of Berkshire's stock portfolio. Interestingly enough, however, Berkshire has owned exactly 400 million Coca-Cola shares since August 1994. Considering no changes in over three decades, should investors take that as a warning or a sign of trust? I think the latter. It's no secret that Berkshire's Coca-Cola holding has been all about the dividend. Although Berkshire hasn't bought any additional shares, the dividends it receives from Coca-Cola have increased every year. When Berkshire last added to its Coca-Cola stake, Coca-Cola's quarterly dividend was $0.20. With 400 million shares, that's $80 million in quarterly revenue. Today, those same shares pay Berkshire $212 million in quarterly dividends. So, why hasn't Berkshire added more shares in close to 32 years? It mostly comes down to preference on where to put the capital. And that isn't always the same between the average investor and a trillion-dollar corporation. For the average investor looking for a reliable, above-average dividend, Coca-Cola is a great stock to consider. Coca-Cola's stock price likely won't experience hypergrowth like some growth stocks, but it has one of the most reliable dividends in the stock market. It has increased its annual dividend for 64 consecutive years, making it one of the Dividend Kings (companies with at least 50 consecutive years of dividend increases). The yield will inevitably fluctuate, but you can bet the payout you receive won't be the payout you're receiving with each passing year.
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Amerant Bancorp AMTB is a bank holding company, which provides deposit, credit and wealth management services to individuals and businesses primarily in the U.S., as well as select international clients. The Zacks Consensus Estimate for its current year earnings has been revised almost 13.7% downward over the last 60 days. ...
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Amerant Bancorp AMTB is a bank holding company, which provides deposit, credit and wealth management services to individuals and businesses primarily in the U.S., as well as select international clients. The Zacks Consensus Estimate for its current year earnings has been revised almost 13.7% downward over the last 60 days. ADMA Biologics ADMA is an end-to-end commercial biopharmaceutical company, which manufactures and markets specialty biologics for the treatment of immunodeficient patients at risk for infection and others at risk for certain infectious diseases. The Zacks Consensus Estimate for its current year earnings has been revised almost 12.5% downward over the last 60 days. Adecco AHEXY offers a wide variety of services that connects colleagues with clients every day. The Zacks Consensus Estimate for its current year earnings has been revised 9% downward over the last 60 days. View the entire Zacks Rank #5 List. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Adecco SA (AHEXY) : Free Stock Analysis Report ADMA Biologics Inc (ADMA) : Free Stock Analysis Report Amerant Bancorp Inc. (AMTB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.