Another quarter, another set of blowout Nvidia (NVDA 0.38%) earnings. However, the market seemed to shrug off the results of the world's largest company. This is incredible because there has never been a multi-trillion-dollar company growing as large as Nvidia is, and there seems to be some hesitation to give Nvidia the premium valuation it deserves, even if all signs point to a strong future. The...
Another quarter, another set of blowout Nvidia (NVDA 0.38%) earnings. However, the market seemed to shrug off the results of the world's largest company. This is incredible because there has never been a multi-trillion-dollar company growing as large as Nvidia is, and there seems to be some hesitation to give Nvidia the premium valuation it deserves, even if all signs point to a strong future. The reality is, Nvidia's stock is pretty cheap right now, and as the year progresses, I think the market will warm up to Nvidia's stock and send it much higher. If that occurs, then now is the perfect time to buy the stock, and investors may be surprised at where the stock price could be by the end of 2026. Nvidia's success will be tied to capital expenditure plans Nvidia's GPU business success is almost out of its hands. Nvidia has consistently brought the best technology to market, and it's up to the artificial intelligence (AI) hyperscalers to decide how much money they are willing to spend next year on data center construction. This will drive Nvidia's success. While it may be frustrating for a company's own success to be largely out of its hands, the reality is that the AI hyperscalers are spending more than Nvidia's managers could ever have dreamed. Expand NASDAQ : NVDA Nvidia Today's Change ( -0.38 %) $ -0.81 Current Price $ 214.52 Key Data Points Market Cap $5.2T Day's Range $ 212.00 - $ 218.18 52wk Range $ 132.92 - $ 236.54 Volume 5.7M Avg Vol 167.1M Gross Margin 74.15 % Dividend Yield 0.02 % Alphabet has already told investors that it expects a "substantial increase" in data center spending during 2027. Nvidia expanded that to all AI hyperscalers by informing investors that it expects data center spending to top $1 trillion in 2027. That's a major milestone, but Nvidia expects that spending to rise to $3 trillion to $4 trillion by 2030. With Nvidia's core market opportunity potentially rising 5 times from 2026 to 2030, there's huge room for growth with the stock. Nvi...
A Hong Kong policeman accused of throwing red paint at the front door of a residential flat and accessing the force’s internal systems without authorisation could face up to seven years in prison after prosecutors sought to transfer his case to the District Court. Leung Lung-kwan, 41, appeared at Eastern Court on Wednesday for the first time after being charged with one count of criminal damage an...
A Hong Kong policeman accused of throwing red paint at the front door of a residential flat and accessing the force’s internal systems without authorisation could face up to seven years in prison after prosecutors sought to transfer his case to the District Court. Leung Lung-kwan, 41, appeared at Eastern Court on Wednesday for the first time after being charged with one count of criminal damage and eight counts of accessing a computer with dishonest intent. Prosecutors alleged that he accessed the force’s computer systems, including criminal intelligence, case management and investigation records, between April and May in 2024. Advertisement He was also charged with damaging a gate and the area outside a flat in Fung Tak Estate in Wong Tai Sin on May 4 that year. The prosecution sought an adjournment and told the court it would prepare documents to transfer the case to the District Court. Advertisement The maximum sentence at the District Court is seven years, while sentences at Magistrates’ Courts are generally capped at two years.
Four out of 15 public primary schools in Hong Kong with insufficient enrolment will cease operations, eight will merge with other schools, while two others will operate self-financing Primary One classes in September, according to education authorities. Representatives from a schools council and a principals’ association said on Wednesday that they expected more institutions that fell short of enr...
Four out of 15 public primary schools in Hong Kong with insufficient enrolment will cease operations, eight will merge with other schools, while two others will operate self-financing Primary One classes in September, according to education authorities. Representatives from a schools council and a principals’ association said on Wednesday that they expected more institutions that fell short of enrolment quotas to proactively seek mergers to avoid “last minute” problems, adding that schools could create “synergy” if they made plans in advance. The Education Bureau on Tuesday evening announced that it had approved in principle survival plans submitted by 12 primary schools that were earlier told that they would not be allowed to operate subsidised Primary One classes in the coming school year due to insufficient enrolment. Advertisement “The schools … will further report to the Education Bureau on the specific details of their plans, including the overall planning, implementation details, and detailed timetable, as well as other work progress,” it said. In March, the Education Bureau announced that 15 public primary schools with insufficient enrolment would be barred from operating subsidised Primary One classes in the coming academic year – the highest number in recent years. Advertisement The schools were told to submit survival plans, with only one out of the 15 exempted as it was already in a process of merging with another institution under the same sponsoring body.
Rolling coverage of the latest economic and financial news Ofgem boss Tim Jarvis , speaking to BBC Radio 4’s Today programme, says the higher price cap for July has been driven “almost entirely” by the rise in global gas prices triggered by the war in the Middle East, and that the price cap for October depends on progress to resolve the conflict. He said: It will depend to a large extent on what h...
Rolling coverage of the latest economic and financial news Ofgem boss Tim Jarvis , speaking to BBC Radio 4’s Today programme, says the higher price cap for July has been driven “almost entirely” by the rise in global gas prices triggered by the war in the Middle East, and that the price cap for October depends on progress to resolve the conflict. He said: It will depend to a large extent on what happens in the Middle East and the progress of any measures to try and get a peace deal and then the speed with which the straits reopen and how quickly the market recovers, but it is unfortunately now looking like a more long term disruption to markets than we might originally have hoped. …It is a time where it gives people an opportunity to try and prepare for what may be coming in the winter and they might do that by trying to fix in the market for example, and try and insulate them against some of that volatility. The rise in July energy prices will be felt across households already stretched by the cost of living, and even though it was widely anticipated, that does not make it any easier to bear. Even more concerning is October, where our forecasts are already pointing to a slight rise landing just as people start to turn their heating back on for winter. A lot of people assume that if the conflict in the Middle East ended tomorrow, prices would return to their pre-conflict levels fairly quickly. However, that may be overly optimistic. The damage to infrastructure, the disruption to supply chains and the erosion of market confidence will not unwind overnight, and the impacts could be felt in bills for longer than many expect. Continue reading...
MaxFrost Cathie Wood of ARK Invest has increased her long-term forecast for Bitcoin ( BTC-USD ) to $1.25M, citing sustained institutional interest and adoption. She also projects a base-case price target of $750,000 within the next five years, underscoring her strong conviction in Bitcoin’s emergence as a major asset class. Wood highlighted that Bitcoin could capture market share from gold ( XAUUS...
MaxFrost Cathie Wood of ARK Invest has increased her long-term forecast for Bitcoin ( BTC-USD ) to $1.25M, citing sustained institutional interest and adoption. She also projects a base-case price target of $750,000 within the next five years, underscoring her strong conviction in Bitcoin’s emergence as a major asset class. Wood highlighted that Bitcoin could capture market share from gold ( XAUUSD:CUR ) over the coming decades, particularly as younger investors inherit wealth, suggesting its potential appeal in emerging economies facing inflation and currency instability. According to ARK Invest's Big Ideas 2026 report, Bitcoin's market capitalization is expected to grow from ~$2T today to nearly $16T, with an annual compound growth rate of about 63%, reflecting strong expectations for spot Bitcoin ETF demand and corporate treasury adoption. Bitcoin, the world's largest cryptocurrency, has gained about 10% in the past three months but remains 14% down this year. From May 18 to May 22, spot Bitcoin ETFs recorded $1.26B in net outflows, according to SoSoValue . BlackRock ’s iShares Bitcoin Trust ( IBIT ) led the outflows with $1.01B withdrawn, followed by Fidelity Investments ’s Fidelity Wise Origin Bitcoin Fund ( FBTC ) with $111.51M in outflows. More on Bitcoin USD Bitcoin And Ethereum Technical Outlook: Cryptos Fail To Generate Momentum Continuous Confusion Bitcoin's Upside Signal Faded; Ethereum Remains The Fragile Side Whale's Insight: The Bond Market Just Broke - Where Does That Leave Bitcoin? Inside weekly crypto ETF outflows: BlackRock's $1B BTC exit & fund rotation Oil slides, stocks rise as markets bet on Hormuz breakthrough
As is well known, the cost of training large models is extremely high. However, it is also known that reducing training precision can significantly lower the training cost. DeepSeek-V3 used FP8 for training and brought the cost down to $5.6 million, which has caught the attention of the entire industry. After the success of FP8, the industry is still continuously exploring the boundary of low prec...
As is well known, the cost of training large models is extremely high. However, it is also known that reducing training precision can significantly lower the training cost. DeepSeek-V3 used FP8 for training and brought the cost down to $5.6 million, which has caught the attention of the entire industry. After the success of FP8, the industry is still continuously exploring the boundary of low precision: If the precision is reduced from FP8 to FP4, how much more can the training cost be reduced? Theoretically, the computational throughput of FP4 can be twice that of FP8. Both NVIDIA Blackwell and AMD MI350 series have natively supported FP4 operations at the hardware level. The former claims that the FP4 computing power on B200 can reach 4500 TOPS (sparse). The hardware is ready, but on the software and algorithm side, there has been a persistent problem: Training large models from scratch with FP4 is very unstable. In the past two years, works such as LLM-FP4 and NVFP4 pre-training have successively attempted this approach, but few solutions can smoothly complete the full-process pre-training at 4-bit precision while maintaining a convergence quality close to that of FP8. What's more tricky is that the cause of the collapse has always been unclear. Analysis suggests that the instability of FP4 training is likely due to insufficient randomness. But recently, AMD, in collaboration with Pennsylvania State University, published a paper that overturns the traditional perception and provides a brand - new and clear diagnosis for native FP4 training. Paper title: Pretraining large language models with MXFP4 on Native FP4 Hardware Paper link: https://arxiv.org/abs/2605.09825 This paper completed the full - process pre - training of Llama 3.1 - 8B in MXFP4 format on the AMD Instinct MI355X GPU. The end - to - end training speed is 9 - 10% faster than the FP8 baseline, and the token overhead is only 8 - 9% more. This is currently the first complete experiment of pre - trainin...
Element Fleet Management ( ELEEF ) announced the sale of $500 million of 4.800% senior notes due May 29, 2029, via a private placement exempt from registration under the Securities Act. The company plans to use the net proceeds for working capital and general corporate needs, which may cover the repayment of existing debt. The offering is expected to close on May 29, 2026, pending the fulfillment ...
Element Fleet Management ( ELEEF ) announced the sale of $500 million of 4.800% senior notes due May 29, 2029, via a private placement exempt from registration under the Securities Act. The company plans to use the net proceeds for working capital and general corporate needs, which may cover the repayment of existing debt. The offering is expected to close on May 29, 2026, pending the fulfillment of standard closing conditions. More on Element Fleet Management Corp. Element Fleet Management Corp. (EFN:CA) Shareholder/Analyst Call Transcript Element Fleet Management Corp. (EFN:CA) Q1 2026 Earnings Call Transcript Element Fleet Management Corp. 2026 Q1 - Results - Earnings Call Presentation Historical earnings data for Element Fleet Management Corp. Dividend scorecard for Element Fleet Management Corp.
Good morning . Micron and SK Hynix join the $1 trillion club as the global stock rally powers on. BP’s ousted chairman disputes wrongdoing claims. And Switzerland’s 10-million population cap vote is worrying executives. Listen to the day’s top stories . SK Hynix and Micron each topped $1 trillion in value for the first time as demand for memory chips continued to reshape the AI landscape. Chipmake...
Good morning . Micron and SK Hynix join the $1 trillion club as the global stock rally powers on. BP’s ousted chairman disputes wrongdoing claims. And Switzerland’s 10-million population cap vote is worrying executives. Listen to the day’s top stories . SK Hynix and Micron each topped $1 trillion in value for the first time as demand for memory chips continued to reshape the AI landscape. Chipmakers pushed global stocks to a fresh record , while US equity-index futures rose and European contracts were mixed. UBS’s Iqbal Khan told Bloomberg TV that AI will have “ramifications” on jobs. Tech roundup: Taiwan prosecutors suspect Nvidia chips were smuggled to China via Japan, in what may be the first case targeting the route, people familiar said. Samsung’s largest union voted in favor of a deal to give chip workers an average bonus of about $340,000. Ousted BP Chairman Albert Manifold pushed back against what he described as a “ false narrative ” surrounding his surprise departure. The company unexpectedly fired him on Tuesday after eight months on the job, citing “serious concerns” related to “governance standards, oversight and conduct.” Andy Burnham , the hot favorite to be Britain’s next prime minister, has boasted of a growth miracle in Greater Manchester where he’s been mayor for just under a decade. Yet swathes of the region’s 3 million people have missed out on a boom largely confined to the wealthier areas like Manchester’s city center. Tony Blair criticized the Labour Party for “ playing with fire ” in its attempt to oust Keir Starmer, while also slamming the government for lacking a clear agenda. Check out our Markets Today live blog for all the latest news and analysis relevant to UK assets. Former Greek Premier Tsipras Forms New Party Ahead of Election Europe Car Sales Rise for Third Straight Month on EV Strength UK, Poland Sign Defense and Security Pact to Curb Russia Threat Deep Dive: Swiss Population Cap Vote At its headquarters in Basel, Swiss drugmaker...
William_Potter/iStock via Getty Images A guest post by D C The OPEC Monthly Oil Market Report (MOMR) for May 2026 was published recently. The last month reported in most of the OPEC charts that follow is April 2026, and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts below, the blue line with markers is monthly output, and the thin re...
William_Potter/iStock via Getty Images A guest post by D C The OPEC Monthly Oil Market Report (MOMR) for May 2026 was published recently. The last month reported in most of the OPEC charts that follow is April 2026, and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts below, the blue line with markers is monthly output, and the thin red line is the centered twelve-month average (CTMA) output. OPEC 12 output decreased by 9667 kb/d from Feb 2026 to April 2026, with the largest decreases from Saudi Arabia (3344 kb/d), Iraq (2799 kb/d), Kuwait (1982 kb/d), UAE (1396 kb/d), and Iran (387 kb/d). Other OPEC producers besides the large producers affected by the closure of the Strait of Hormuz collectively saw an increase of 241 kb/d over the past 2 months. The chart above shows output from the Big 4 OPEC producers that are subject to output quotas and where most of OPEC spare capacity currently exists (Saudi Arabia, UAE, Iraq, and Kuwait). In the past 2 months, output from the Big 4 has fallen by 9521 kb/d. OPEC spare capacity has increased to about 10069 kb/d in April 2026, though an opening of the Strait of Hormuz would be needed to utilize that spare capacity. World demand for crude oil has decreased by 3.09 Mb/d from 2Q25 to 2Q26, probably due to higher prices and constrained crude availability. In March, preliminary OECD Commercial petroleum stocks were 2774 Mb, which is 8 Mb above the 5-year average from 2021 to 2025. Note that April DOC crude output was 33.2 Mb/d; if that level of output continues for the rest of Q2, then World Stock draw will be about 720 Mb for 2Q26. OPEC expects US tight oil output will decrease in both 2026 and 2027. World Oil Stocks Regarding commercial petroleum stocks, here is an excerpt from the commentary by G&R regarding the Hormuz crisis: Taken together, our analysis suggests the minimum commercial inventory required to keep the global petroleum system functioning is approximat...
Salesforce reports earnings Wednesday as investors look for signs that Agentforce can offset slowing core growth and concerns about AI-driven disruption to its software pricing model.
Salesforce reports earnings Wednesday as investors look for signs that Agentforce can offset slowing core growth and concerns about AI-driven disruption to its software pricing model.
Eddie Howe was alone as he set off on Newcastle United's lap of appreciation. But it did not seem like it. Not after the home support rallied around the head coach and his side with repeated chants of 'Eddie Howe's black and white army' after the final home game of the season, against West Ham, on 17 May. That same chorus had rung out when players, staff and their families walked around the pitch ...
Eddie Howe was alone as he set off on Newcastle United's lap of appreciation. But it did not seem like it. Not after the home support rallied around the head coach and his side with repeated chants of 'Eddie Howe's black and white army' after the final home game of the season, against West Ham, on 17 May. That same chorus had rung out when players, staff and their families walked around the pitch after qualifying for the Champions League in 2023 and 2025. But this particular reception, and the number of supporters who stayed behind at St James' Park, stuck with the Newcastle head coach following his most difficult season yet at the club. It felt as if Newcastle had rediscovered a semblance of momentum in the final throes of a draining campaign after picking up seven points from a possible nine. However, there was still one match left to play. There was still time for some curious changes and an all too familiar reversion to type at Fulham on the final day as the limp visitors suffered a 17th league defeat of the campaign. No wonder a few heads were bowed when players and staff trudged towards the away end at full-time following a 2-0 loss. It felt like Groundhog Day. "There have been a lot of bruises this season," Howe said. That is an understatement.