STORY: :: Nvidia CEO Jensen Huang meets Taiwan partner Foxconn's chairman at the Computex tech show :: Taipei, Taiwan / June 3, 2026 Foxconn, Apple's top iPhone assembler, has been expanding beyond electronics into electric vehicles and AI data centers. It is now Nvidia's main maker of AI racks, which are server racks tailored for AI workloads that house chips, cables and other equipment, include ...
STORY: :: Nvidia CEO Jensen Huang meets Taiwan partner Foxconn's chairman at the Computex tech show :: Taipei, Taiwan / June 3, 2026 Foxconn, Apple's top iPhone assembler, has been expanding beyond electronics into electric vehicles and AI data centers. It is now Nvidia's main maker of AI racks, which are server racks tailored for AI workloads that house chips, cables and other equipment, include the latest Vera Rubin platform. Nvidia is ramping up production of its Vera Rubin platform, which combines the company’s Vera CPU and Rubin GPU architectures, making for “a very busy second half” for Taiwan’s supply chain, Huang told a press conference on Tuesday (June 2). While Computex has traditionally been a show for consumer devices, Nvidia has over the last few years made it more business-oriented with this year’s attention focus on its data center products, such as its new Vera Rubin AI computing platform and Vera central processing unit (CPU), as well as on its efforts in markets such as robotics and AI in manufacturing.
Andrey Semenov/iStock via Getty Images As the leader in broadband and with a “massive” wireline footprint, AT&T ( T ) is most at risk from satellite low-earth-orbit (LEO) constellations and is vulnerable to subscriber migration to more competitive rivals. This led Oppenheimer to downgrade the telecom giant to Perform from Outperform. “We are concerned the industry is underestimating the risk of sa...
Andrey Semenov/iStock via Getty Images As the leader in broadband and with a “massive” wireline footprint, AT&T ( T ) is most at risk from satellite low-earth-orbit (LEO) constellations and is vulnerable to subscriber migration to more competitive rivals. This led Oppenheimer to downgrade the telecom giant to Perform from Outperform. “We are concerned the industry is underestimating the risk of satellite as cable did with [fixed wireless access] and will treat it as a purely complementary service to mobile and a low-quality fixed broadband alternative reserved for the most remote markets,” said Oppenheimer’s Timothy Horan. Horan expects to see industry trends move away from fiber and fixed wireless access (FWA) and into satellite, with the latter expected to capture more than 2M subscribers per year to eventually capture 10% market share by 2030. Accordingly, pricing for services like Starlink ( SPCX ) is now on par with legacy broadband but will decline rapidly with V3 satellites having 10x the capacity, Horan adds. As the company lags peers in its ability to expand FWA access, Horan expects AT&T ( T ) will be a “heavy spender” at the upcoming AWS-3 auction. Horan also sees headwinds to AT&T’s ( T ) average revenue per user (ARPU) which will shift to driver of service revenue to volumes. Additionally, pressure on AT&T’s ( T ) ARPU will be amplified by stronger wireless competitors T-Mobile ( TMUS ) and Verizon ( VZ ), both of which have better cost structures than AT&T ( T ). The company most recently announced a new promotion offering bundled home internet and wireless internet for as little as $35 per month. Wall Street analysts and Seeking Alpha authors view AT&T ( T ) as a Buy while Seeking Alpha’s Quant rating sees the stock as a Hold with a Quant score of 3.42 out of 5, receiving high scores for profitability but a low score for growth. More on AT&T AT&T Remains Deeply Undervalued AT&T: 10+% Growing FCF Yield In An Expensive Market AT&T: Cash Flow Weakness Lo...
Hinde Group, in its Q1 partner letter, highlighted that the fund outperformed the S&P 500 during the first quarter. The fund also stated that it trimmed its position in Interactive Brokers Group ( IBKR ) during the quarter. The fund sold its shares of Waters ( WAT ), which it had received following the completion of Becton Dickinson’s Reverse Morris Trust transaction with Waters Corporation. Addit...
Hinde Group, in its Q1 partner letter, highlighted that the fund outperformed the S&P 500 during the first quarter. The fund also stated that it trimmed its position in Interactive Brokers Group ( IBKR ) during the quarter. The fund sold its shares of Waters ( WAT ), which it had received following the completion of Becton Dickinson’s Reverse Morris Trust transaction with Waters Corporation. Additionally, the fund exited its position in Sleep Number Corporation ( SNBR ). On the other hand, the fund increased its positions in Amazon ( AMZN ) and Netflix ( NFLX ). At the end of the quarter, its portfolio included seven long equity positions and cash. Source: Q1 partner letter More on Amazon, Netflix, etc. Amazon: The Stock Is Missing The AI Wave, But The Business Isn't Amazon Gets Paid Every Time Anthropic Grows Missing This Netflix Bottom Will Haunt Your Portfolio For Years (Upgrade) Palantir’s £330M NHS deal faces criticism from UK parliamentarians The 10 least attractive large-cap financial stocks in the U.S
CytomX Therapeutics ( CTMX ) traded higher in the morning hours on Wednesday after the cancer drug developer announced an expanded collaboration and licensing agreement with Regeneron Pharmaceuticals ( REGN ) valued up to $4B. Two companies initially teamed up in 2022 in a deal worth up to $2B to develop bispecific cancer therapies leveraging CytomX's Probody therapeutic platform and Regeneron's V...
CytomX Therapeutics ( CTMX ) traded higher in the morning hours on Wednesday after the cancer drug developer announced an expanded collaboration and licensing agreement with Regeneron Pharmaceuticals ( REGN ) valued up to $4B. Two companies initially teamed up in 2022 in a deal worth up to $2B to develop bispecific cancer therapies leveraging CytomX's Probody therapeutic platform and Regeneron's Veloci-Bi bispecific antibody development platform. As part of the expanded collaboration, CytomX ( CTMX ) will receive $37M for nominating two additional targets selected by Regeneron ( REGN ) for preclinical and clinical development and commercialization. Regeneron ( REGN ) will also receive an option to select up to six additional targets. The expanded collaboration could be worth up to $4B, including payments linked to target nomination, preclinical, clinical, regulatory, and commercial milestones, CytomX ( CTMX ) said. Additionally, the company will also be eligible to receive tiered royalties from Regeneron ( REGN ) based on potential global net sales of products covered under the deal. More on Regeneron Pharmaceuticals, CytomX CytomX Therapeutics: Cashed Up With Catalysts Ahead Regeneron: Time To Forget Fianlimab (Rating Upgrade) Regeneron Pharmaceuticals, Inc. (REGN) Presents at Bank of America Global Healthcare Conference 2026 Transcript Regeneron, Gilead therapies eyed as potential Ebola treatments by WHO Russell 3000 Shuffle: Ocugen, Nektar slated to join among healthcare stocks; Nano-X to drop off
We all have a tendency to take the game far too seriously – this seven-a-side tournament provided the perfect antidote As much as it is tempting to romanticise about Bill Shankly’s most famous quote, he was wrong. Football is not more serious than life and death, and over the years far too many of us seem to have taken the former Liverpool manager’s words a little too literally and stopped being a...
We all have a tendency to take the game far too seriously – this seven-a-side tournament provided the perfect antidote As much as it is tempting to romanticise about Bill Shankly’s most famous quote, he was wrong. Football is not more serious than life and death, and over the years far too many of us seem to have taken the former Liverpool manager’s words a little too literally and stopped being able to enjoy football for its primary purpose: fun. Whether it is clubs writing letters of complaint because a referee – a fallible human like all 8 billion of us – has made a mistake or the rage on social media that a pundit’s opinion might be skewed towards – shock – their former club, isn’t it time we chilled out a bit? Continue reading...
shaunl/iStock Unreleased via Getty Images Shares of Caterpillar ( CAT ) and Deere & Co. ( DE ) have climbed this week after the White House reduced tariffs on certain agricultural and industrial equipment, a move that investors viewed as potentially lowering costs across key manufacturing and farming sectors. Caterpillar ( CAT ) shares have gained about 5% over the past five trading sessions and a...
shaunl/iStock Unreleased via Getty Images Shares of Caterpillar ( CAT ) and Deere & Co. ( DE ) have climbed this week after the White House reduced tariffs on certain agricultural and industrial equipment, a move that investors viewed as potentially lowering costs across key manufacturing and farming sectors. Caterpillar ( CAT ) shares have gained about 5% over the past five trading sessions and are approaching their record high of $931.35 reached on May 7. Deere ( DE ) has advanced roughly 8.1% during the same period, although its shares remain about $90 below the all-time high set in February. With the continued buildout of AI data centers and supporting infrastructure, Caterpillar's ( CAT ) shares have risen about 170% in the past 12 months. The gains helped lift the broader industrials sector, while the materials sector also outperformed after the administration adjusted tariffs on metals and related products. Materials stocks have been supported by strength among steel producers following changes to duties on steel, aluminum and copper imports. For investors, the tariff revisions could provide relief for manufacturers that rely on imported components and metals, while potentially supporting demand for heavy machinery and farm equipment. The policy changes also signal a more targeted approach to trade restrictions, which could reduce uncertainty for industrial companies navigating global supply chains. President Donald Trump signed an executive order Monday lowering tariffs on agricultural equipment, including combines and harvesters, as well as heating, ventilation and air-conditioning systems, to 15% from 25%. The administration also expanded a category of industrial equipment eligible for a 15% tariff rate to include products such as bulldozers and forklifts imported from countries that maintain trade agreements with the United States. In addition, countries that source at least 85% of their steel or aluminum from metal that is melted and poured, or smelted a...
J Studios/DigitalVision via Getty Images Introduction The financial markets are currently reacting to Alphabet’s ( GOOG ) ( GOOGL ) massive announcement that it plans to raise $80 billion in equity offerings to fund its expanding artificial intelligence infrastructure. This capital raise includes a $10 billion private placement from Warren Buffett’s Berkshire Hathaway, split 50/50 between $5 billi...
J Studios/DigitalVision via Getty Images Introduction The financial markets are currently reacting to Alphabet’s ( GOOG ) ( GOOGL ) massive announcement that it plans to raise $80 billion in equity offerings to fund its expanding artificial intelligence infrastructure. This capital raise includes a $10 billion private placement from Warren Buffett’s Berkshire Hathaway, split 50/50 between $5 billion in Class A common stock at $351.81 per share and $5 billion in Class C stock at $348.2 per share. When combined with a $30 billion underwritten public offering and a $40 billion at-the-market sale, the scale of that raised even bigger interest in already overheated technology and semiconductor sectors. I can’t say it came as a great surprise, as even on the Q1 earnings call , the company projected its total 2026 capital expenditures to land between $180 and $190 billion, with explicit guidance that 2027 spending will increase significantly compared to this year: Looking ahead, these strong results reinforce our conviction to invest the capital required to continue to capture the AI opportunity. As a result, we expect our 2027 CapEx to significantly increase compared to 2026. The $80 billion raised doesn’t mean the company plans to spend it all in one take tomorrow, or even this year, but investors love news like this and always react with incredible volatility. As a result, I decided to discuss which companies are going to benefit from Google’s spending and, in general, large CapEx from large enterprises this and the next year. The Market’s Rally As I already said, Wall Street is trigger-happy right now, especially about everything AI-related, so this piece of news has sent a wide range of data center infrastructure firms and semiconductor providers skyrocketing yesterday, and this positivity continues in the premarket as I’m writing this article. For example, Marvell ( MRVL ) was up by 31% on Tuesday, June 2nd, and is up another 13% today in the premarket on Wednesday. ...
utah778/iStock via Getty Images The following segment was excerpted from Virtus SGA Global Growth Fund Q1 2026 Commentary. Largest Contributors Arm Holdings ( ARM ) Arm Holdings was a top contributor to returns during the quarter. Shares responded positively following strong fiscal third quarter results, with revenue and royalty growth exceeding expectations, driven by accelerating data center ado...
utah778/iStock via Getty Images The following segment was excerpted from Virtus SGA Global Growth Fund Q1 2026 Commentary. Largest Contributors Arm Holdings ( ARM ) Arm Holdings was a top contributor to returns during the quarter. Shares responded positively following strong fiscal third quarter results, with revenue and royalty growth exceeding expectations, driven by accelerating data center adoption, and rising penetration of Arm’s CSS platform in smartphone, automotive, and infrastructure segments. Importantly, management reiterated confidence in sustaining approximately 20% royalty growth longer term, reinforcing the market’s confidence in Arm’s structural growth profile. While near term concerns around smartphone unit softness due to higher memory costs persisted, company commentary highlighted that Arm’s royalty economics are increasingly skewed toward high end devices, where royalties per unit are significantly higher, allowing royalty growth even in a declining unit environment. In parallel, investor focus sharpened on Arm's expanding role in AI, particularly as CPUs take on a critical coordination role in agentic workflows. Growing adoption by hyperscalers, including broader use of Arm CPUs for AI adjacent workloads, reinforced this narrative. These developments reinforced our thesis that Arm is becoming a foundational architecture not only for mobile computing but also for AI driven data center, edge, and embedded applications. With strong pricing power, highly recurring revenues, and expanding royalty rates as Arm captures more value across the compute stack, we continue to view the company as a high-quality, long-term compounder well-positioned to benefit from the proliferation of AI and power efficient computing. Taiwan Semiconductor Manufacturing ( TSM ) Taiwan Semiconductor Manufacturing Company (TSMC) was a top contributor to performance during the quarter as its central role in AI-driven semiconductor demand continued. The company delivered margins...
Klaus Vedfelt U.S. PMI Composite Index was revised to 51.5 from 51.7 in the initial May reading, according to data released by S&P Global on Wednesday. The print compared with April's final reading of 51.7. Employment fell at the quickest pace in six years, while confidence in the outlook was at a 13-month low, S&P Global said. "Cost pressures remained elevated, with inflation strengthening to the...
Klaus Vedfelt U.S. PMI Composite Index was revised to 51.5 from 51.7 in the initial May reading, according to data released by S&P Global on Wednesday. The print compared with April's final reading of 51.7. Employment fell at the quickest pace in six years, while confidence in the outlook was at a 13-month low, S&P Global said. "Cost pressures remained elevated, with inflation strengthening to the most pronounced in a year," the report added. Services PMI was 50.7 vs. the 50.9 flash reading and 51.0 in the prior month. Developing… Check back for updates. More on the US Economy Energy Shock Looms, But Q2 GDP Still Looks Surprisingly Strong War And New Tariff Threat Strengthen The Dollar U.S. private sector adds 122K jobs in May, roughly in line with consensus: ADP jobs report
bfk92/E+ via Getty Images Since Last Coverage The last time I wrote about DHT Holdings ( DHT ) was all the way back in November last year. As you can see from the image below, the returns have been great. 38.81% when accounting for the dividend as well, which is far above the S&P 500’s return during the same period. I’ve covered shipping companies for a while now, and this has been one of the top ...
bfk92/E+ via Getty Images Since Last Coverage The last time I wrote about DHT Holdings ( DHT ) was all the way back in November last year. As you can see from the image below, the returns have been great. 38.81% when accounting for the dividend as well, which is far above the S&P 500’s return during the same period. I’ve covered shipping companies for a while now, and this has been one of the top performing ones. I should have written an update earlier, but better late than never. This time though, it gets an upgrade to a Strong Buy. Previous Coverage (Seeking Alpha) Part of the reason for the surge has been dayrates surging as a result of the disruption caused by the Strait of Hormuz closing earlier this year. a fair assumption would be that spot rates are averaging 15% higher next year, somewhere around $52,900. This is not unreasonable, seeing as spot rates hit $48,700 in Q2 FY2025 and averaged $47,200 during FY2024 . At the time it seemed like a conservative but still reasonable assumption for the rates. I was proven wrong in the best way possible as the rates surged well past my earlier assumptions. In Q1 this year, DHT reported $91,700 for vessels on the spot market and $61,300 for vessels on time charters. This brought the average to $78,800 per day and has seriously raised the distribution potential for the company this year. The FWD yield, now sitting at 15.69%, makes this an incredibly attractive income play in the markets. Fleet Update - Now Operating At Much Higher Rates We also anticipate 1,025 spot days for the quarter, of which 88% have already been booked at an average rate of $168,300 per day. That’s where the guidance is sitting for the quarter. It represents a QoQ change of 83.5%. That so much of the fleet has already been booked is quite impressive as well. The fact we haven’t seen demand destruction even after rates going this high suggests that there might even be more upside or that these levels will continue for longer. Fleet Overview (Author...