This article first appeared on GuruFocus. Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) rose 2% in morning trading on Wednesday, touching a fresh 52-week high after Nvidia chief Jensen Huang said the chipmaker plans to spend about $150 billion a year in Taiwan and build a new Taipei headquarters that should be ready by 2030. TSMC's shares were up 3.8% at $427.96. The move added to a broader AI-led rally in Taiwan, where TSMC has been a key beneficiary of surging demand for advanced chips. Reuters said Taiwan's market value has climbed to about $4.89 trillion, nearly matching India's $4.92 trillion, with TSMC's stock up more than 44% this year. Investor sentiment also improved after Taiwan regulators loosened limits on how much domestic funds can hold in a single stock. The rule change could channel more than $6 billion into the market, MarketWatch reported, and it favors dominant names such as TSMC, which already carries a large weight in the TAIEX index.

The Memory Shortage Powering Micron's $1 Trillion Run Is Lifting These Stocks, Too The Globe and Mail

WTI 7月原油期货收跌5.21美元，跌幅5.55%，报88.68美元/桶。 中东Abu Dhabi Murban原油期货跌3.76%，报91.48美元/桶。 NYMEX 6月天然气期货收报3.04美元/百万英热单位。 NYMEX 6月汽油期货收报3.1337美元/加仑，NYMEX 6月取暖油期货收报3.5975美元/加仑。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

嘉賓：智慧出行聯合商會主席周國強、中大香港亞太研究所名譽高級研究員羅祥國

格隆汇5月28日｜Meta Platforms(META.O)股价涨超2%。

Source: Bloomberg, 0:00

Meta Platforms首次开始向消费者销售Meta AI聊天机器人订阅服务，这是该公司建立人工智能业务的重要一步，料有助于部分抵消其在AI领域高达数千亿美元的支出。 新推出的订阅服务分为两档。公司发言人表示，基础档名为Meta One Plus，月费7.99美元，面向频繁使用Meta AI生成图片和视频，或依赖其进行复杂推理的用户。 该发言人补充称，更高级别的Meta One Premium月费为19.99美元，包含与Meta One Plus相同的功能，但使用额度更高。Meta AI订阅服务将率先在新加坡、危地马拉和玻利维亚上线，之后还会扩展至更多国家。 用户仍可免费使用Meta AI聊天机器人进行图像和视频生成，但频繁使用后会受到条数限制。Meta拒绝透露各档位的具体使用上限，但表示Premium版本的可用额度大幅高于基础款套餐。 目前，订阅业务在Meta整体营收中的占比仍然很小。公司第一季度“非广告收入”为12.9亿美元，其中包括订阅费，也包括Meta AI眼镜和虚拟现实头显等硬件销售。相比之下，其广告业务同期营收超过550亿美元。 责任编辑：丁文武

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Eli Lilly is on a record spending spree, announcing acquisitions worth more than $20 billion so far in 2026 as the drugmaker expands beyond its blockbuster obesity franchise. (Source: Bloomberg)

bymuratdeniz/E+ via Getty Images If it's true that one of the strongest laws of the market is "never go against momentum," today we can only admire the evolution of the State Street SPDR S&P Kensho Final Frontiers ETF ( ROKT ). A linear and bullish trend, which amplifies that of defense and of the macro category of the industrial sector, and today pushed higher with a 1Y performance of 124%. In fact, the market can only let itself be carried away by a narrative driven by three catalysts that seem to go beyond the "mathematical" problems of price (probably too high compared to fair valuations). What is ROKT? We're talking about a passive, thematic, index-managed equity ETF with a sampling method. Classified "diversified" under the 1940 Act, born in 2018; the first on space because it debuted more than two years before ARKX and about one year before UFO. It uses as a benchmark the S&P Kensho Final Frontiers Index , which is a modified equally-weighted index. It's an interesting index because it's a composite that combines companies that produce products and services for space exploration or that are part of the necessary supply chain with deep-sea components of the S&P Kensho Drones Index, companies linked to underwater drones, unmanned vehicles, and underwater robotics. ROKT - Profile (Seeking Alpha) The fund comes with an expense ratio of 0.45%, competitive because it has in fact remained the lowest among the main space ETFs: UFO and ARKX both charge 0.75%. A cost partially offset by the 30-Day SEC Yield of 0.10%, low because it's a pure capital appreciation vehicle. ROKT - dividend grade (Seeking Alpha) Its structure The index provider (S&P Dow Jones Indices/ Kensho Technologies) uses an AI algorithm that scans the annual filings (10-K) of listed companies, analyzing keywords to determine how significant the exposure of each company to the space or deep-sea theme is. Then a modified equal-weighting is applied. As of May 22, 2026, the weight of the securities ranges...

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Image source: The Motley Fool. Monday, May 25, 2026 at 7 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Jay Xiao Chief Risk Officer — Zhanwen Qiao Chief Financial Officer — Xigui Zheng Head of Investor Relations — Will Tan TAKEAWAYS Total Loan Volume -- RMB 57.9 billion, up 15.9% quarter over quarter and 12.2% year over year, with ecosystem segments accounting for nearly 50% of this figure. -- RMB 57.9 billion, up 15.9% quarter over quarter and 12.2% year over year, with ecosystem segments accounting for nearly 50% of this figure. Total Revenue -- RMB 3.3 billion, rising 8.7% sequentially, reflecting ecosystem growth and provisional declines in capital-light portfolios. -- RMB 3.3 billion, rising 8.7% sequentially, reflecting ecosystem growth and provisional declines in capital-light portfolios. Net Profit -- RMB 201 million, with slight sequential decrease of 5.9%, as operating expense growth outpaced net revenue expansion. -- RMB 201 million, with slight sequential decrease of 5.9%, as operating expense growth outpaced net revenue expansion. Number of Active Users -- 5.17 million, up 14.1% quarter over quarter and 8.6% year over year, while new active users rose 63.3% sequentially and 101.6% year over year. -- 5.17 million, up 14.1% quarter over quarter and 8.6% year over year, while new active users rose 63.3% sequentially and 101.6% year over year. Credit Business Net Revenue -- RMB 1.5 billion, a 7.2% sequential increase, driven by tech empowerment service revenue gains and lower provisioning needs. -- RMB 1.5 billion, a 7.2% sequential increase, driven by tech empowerment service revenue gains and lower provisioning needs. Tech Empowerment Service Income -- RMB 382 million, supported by improved asset quality in capital-light activities. -- RMB 382 million, supported by improved asset quality in capital-light activities. Credit Facilitation Service Income -- Decreased 10% or RMB 253 million sequentially, impacted by volume and pricing headwinds in online ...

格隆汇5月28日｜欧盟委员会主席冯德莱恩：接下来的几周对乌克兰加入欧盟的进程至关重要，必须采取果断措施。

Image source: The Motley Fool. Tuesday, May 26, 2026 at 6:30 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Tongbo Liu Finance Director — Hangyu Li Head of Investor Relations — Yuhua Ye TAKEAWAYS Net Revenues -- RMB 440.7 million, down 9.6% year over year due to ongoing structural softness in degree and diploma-oriented programs and recalibrated customer acquisition standards. -- RMB 440.7 million, down 9.6% year over year due to ongoing structural softness in degree and diploma-oriented programs and recalibrated customer acquisition standards. Net Income -- RMB 76.8 million, an increase from RMB 75.2 million year over year, marking the 20th consecutive profitable quarter. -- RMB 76.8 million, an increase from RMB 75.2 million year over year, marking the 20th consecutive profitable quarter. Net Income Margin -- 17.4%, reflecting progress in cost structure optimization and technology-enabled efficiency. -- 17.4%, reflecting progress in cost structure optimization and technology-enabled efficiency. Gross Profit Margin -- 86.5%, up from 85.2% year over year. -- 86.5%, up from 85.2% year over year. Cost of Revenues -- RMB 59.5 million, down 17.7% year over year, driven mainly by reduced learning materials and related service fees. -- RMB 59.5 million, down 17.7% year over year, driven mainly by reduced learning materials and related service fees. Total Operating Expenses -- RMB 284.3 million, representing a 16.7% decrease year over year due to cost discipline and efficiency initiatives. -- RMB 284.3 million, representing a 16.7% decrease year over year due to cost discipline and efficiency initiatives. Selling Expenses -- RMB 241.9 million, down 19.5% year over year, the largest single-quarter reduction in recent years and the third consecutive quarter of such decline. -- RMB 241.9 million, down 19.5% year over year, the largest single-quarter reduction in recent years and the third consecutive quarter of such decline. R&D/Product Development Expenses -- RMB 6.6 mi...

hapabapa/iStock Editorial via Getty Images There's a current disparity in banking investments. For many years, the Canadian banks that I cover have traded at a relatively consistent normalized P/E multiple - we're talking well over 15 years. For many years, any deviation from those trends, even if earnings fluctuated, was met relatively quickly by normalization in earnings. To find a significant deviation from this trend, we either need to go back to the GFC, at which point the banks mostly dropped to very low single-digit multiples. We can also go right now when many of those banks are suddenly trading at what seems like insane multiples in context. Few Canadian banks embody this better than Bank of Montreal ( BMO ) does. In my latest article , I had already waited for too long (in my view) before calling Hold and downgrading, as well as exiting all of my Canadian banking investments. It came quite a bit after I did so with the European ones as well, and while some of them have continued to grow, that is typically far less than either the replacement investments have grown or the market has grown. Again, BMO is an exception to this rule here, because since my last article, found here, BMO has grown more than the market and outperformed. This makes my latest rating on the company an incorrect one - and it's time to update it. However, to those of you hoping or expecting me to upgrade this bank, there's likely going to be disappointment. Suggesting that a 16-18x P/E bank is fairly valued when it trades at closer to 11-12x P/E usually would take quite some changes in fundamentals for me - not just banking results, which is what we're looking at today . I'm also saying fundamentals. That is because these banks are trading at this level for a reason. Those reasons, when looking outside of the context of today's trading patterns, are pretty compelling. So I'll spend some time on that as well. Bank of Montreal: Looking At Potential Downside In H2 '26 The reason(s) why the...

格隆汇5月28日｜欧盟委员会主席冯德莱恩：与乌克兰总统泽连斯基通电话，重申欧洲全力支持乌克兰。

Aleksander Tumko/iStock via Getty Images Market review Returns were mostly negative for the first quarter of 2026 as the conflict with Iran caused a big spike in oil prices as well as rising interest rates. West Texas Intermediate oil prices jumped from the mid-$50s per barrel to around $100 per barrel at the end of the quarter. The 10-year Treasury bond rose from 4.19% to 4.32% at the end of the quarter. Not surprisingly, energy stocks were the strongest-performing group for the quarter, and a risk-off mode sent the fast-growing technology sector into a correction. Among the market's growth categories, small-cap growth stocks declined less than their peers in mid-cap and large-cap. Small-cap value stocks, however, were the strongest-performing group for the quarter, rising approximately 4.5%. Source: Bloomberg, unless otherwise noted. Within the Fund For 1Q26, Nomura Small Cap Growth Fund Institutional Class shares posted a negative return but outperformed the Fund's benchmark, the Russell 2000® Growth Index. The Fund's strongest-performing sectors relative to the benchmark were information technology (IT), financials, consumer staples, energy, and industrials. Lagging sectors included healthcare, materials, and consumer discretionary. Stock selection was the primary contributor to outperformance and sector allocation modestly detracted. On an absolute basis, energy, materials, and industrials had positive returns while all the other sectors were negative. In the IT sector, the Fund generated a positive return versus a nearly 10% decline for the benchmark. Semiconductors, electronic equipment, communications equipment, and IT services contributed to performance while software stocks detracted. Strong performers in the quarter included MKS Inc. ( MKSI ), Advanced Energy Industries Inc. ( AEIS ), and Lumentum Holdings Inc. ( LITE ) The first two were beneficiaries of a robust semiconductor capital equipment spending cycle. On an absolute basis, Lumentum has been the ...

Key Points Micron crossed a $1 trillion market value for the first time on Tuesday as AI demand drains the memory market. Sandisk's flash-storage revenue more than tripled last quarter as NAND prices surged. Western Digital's high-capacity hard drives are sold out through 2026, and it just raised its dividend. 10 stocks we like better than Sandisk › Memory chipmaker Micron Technology's market capitalization surprisingly crossed $1 trillion on Tuesday. Showing how extraordinary this achievement is, just one year ago, Micron's market value was close to $100 billion. The reason for the stock's astronomical gains is straightforward: artificial intelligence (AI) has drained the market for the memory chips data centers can't run without -- especially the high-bandwidth memory that sits next to AI processors -- and Micron is one of only a handful of companies that make them at scale. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » But Micron isn't the only name riding a market where demand keeps outrunning supply. The same shortage is rippling through the businesses that store all the data AI generates. And two of the biggest beneficiaries -- Sandisk (NASDAQ: SNDK) and Western Digital (NASDAQ: WDC) -- were a single company until just last year. Both rallied alongside Micron on Tuesday. Here's a closer look at these two stocks. The flash side of the squeeze When Western Digital spun off its flash-memory operations in February 2025, Sandisk inherited the part of the business that makes NAND flash -- the chips inside the solid-state drives that data centers rely on for fast storage. That looked like the less glamorous half of the split. Not anymore. In late April, Sandisk reported fiscal third-quarter results (the period ended April 3) that showed how fast the picture has changed. Revenue more than tripled ...

Intel Corporation stock (US4581401001): AI data center bets meet cyclical headwinds AD HOC NEWS

Tesla's long-awaited Roadster will be built in Texas, executives say Austin American-Statesman

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This article first appeared on GuruFocus. Micron Technology (NASDAQ:MU) kept climbing on Wednesday after a pair of bullish calls from UBS and Barclays pushed investors to rethink the memory chip maker's long-term outlook. Micron stock jumped sharply this week as both banks argued that the company may be moving beyond its old boom-and-bust pattern. Micron surged 19% on Tuesday after UBS set a $1,625 price target and said the company could earn more than $100 a share over the next three years. Micron added another 3% on Wednesday morning after Barclays lifted its target to $1,175, a 74% increase from its prior view. Micron's appeal has long been tied to memory-chip cycles, where prices rise when supply is tight and then weaken as production expands. But Micron may be changing that script. Barclays pointed to the company's first five-year Strategic Customer Agreement, or SCA, which locks in purchases and pricing over a longer period. If Micron can turn more such deals into a regular part of its business, the stock's 830% gain over the past year may not be the end of the story.

A website called UK Visa Portal publicly exposed thousands of passports and selfie photos of applicants who paid the site to obtain a U.K. immigration visa, TechCrunch has learned. An anonymous person notified TechCrunch about the security lapse, saying that the website was exposing at least 100,000 documents from people who uploaded their passports and selfies to the website as part of the application process. The website is not affiliated with the U.K. government, and some have complained that they mistakenly paid a fee to this company instead of using the official GOV.UK website. The exposed data was secured overnight into Wednesday, hours after we published our initial story about the incident. Given the highly sensitive nature of the exposed data, TechCrunch revealed that there was an ongoing security issue, while withholding specific details to minimize any additional risk to individuals’ private information. TechCrunch has still not heard back from UK Visa Portal’s management. Rather than fixing the issue when we reached out, the company sent its attorneys and public relations firm our way instead. The security lapse is the latest example of companies publicly exposing their customers’ sensitive government-issued identity documents in recent weeks, often caused by a misconfiguration rather than an outside cyberattack. The exposure of passports is especially problematic at a time when online identity checks are on the rise around the world, thanks to governments rolling out age verification laws. The company’s lack of response also leaves open questions about whether it will alert affected customers that their passports were publicly exposed, or notify regulators as required under U.S. state and European data breach notification laws. Exposed passports, selfies, and location data The data spill stemmed from a public Amazon-hosted storage server (also known as a bucket), which UK Visa Portal uses for hosting user-uploaded passports and selfies. While the bucket...

Source: Bloomberg, 5:48

Merck is using AI agents to cut drug discovery cycles by a third and ship compliant marketing materials up to 80% faster — but VP of Digital Platforms Sean Finnerty says the only reason it's working is because they built the infrastructure first. And the pharmaceutical manufacturer is seeing promising early results: AI is generating marketing drafts that are “99% right” when it comes to compliance, shrinking review cycles from months to days and accelerating delivery by 70% to 80%. In the company’s medical research, meanwhile, one AI-assisted discovery cycle was reduced by 33%. Still, agentic AI only works if companies first build the underlying “plumbing,” Finnerty said of digital platforms and services at a recent AI Impact Series event. “If we do one-offs, we're gonna end up with thousands and thousands of things that are ultimately just gonna be debt that we'll have to deal with later,” he said. “And that's gonna be a drag on any further innovation.” Starting with the plumbing Merck’s plumbing-first strategy comes from lessons learned during the early days of cloud in the 2010s “when nobody knew what the heck was going on,” Finnerty said. Getting the cloud right meant building from the ground up; at Merck, that infrastructure now supports 2,500 AWS accounts, numerous Microsoft Azure subscriptions, and new Google Cloud Platform (GCP) integrations. “AI is gonna be the same exact thing,” Finnerty said. “We're going to have thousands and thousands of agents.” The questions then pile up: How do you register them? How do you secure them? How do you ensure they're connected to the right tools, and have access to the right data and the right context? Context delivery is also critical; Merck works with three hyperscalers and has forty-seven edge locations and hundreds of databases. “Many, many petabytes” of structured and unstructured data are stored in Oracle databases, SQL databases, Excel spreadsheets, phone transcripts, and other repositories, Finnerty said. His team...

Investing.com -- A merger between Elon Musk's space exploration company SpaceX and his EV giant Tesla Inc. is inevitable and only a question of timing, according to early SpaceX investor Peter Diamandis. Diamandis said Wednesday in a Bloomberg Television interview that the combination makes sense because it would give Elon Musk the super voting rights he has at SpaceX., but lacks at publicly held Tesla. Musk had 85.1% control at SpaceX before the company filed for an initial public offering. "I put it not as a matter of if but only a matter of when those companies come together," said Diamandis, a founder of the XPrize Foundation and a podcast host who has spoken with Musk this year. Merging the companies would give Musk "the ability to operate across all of this infrastructure," including a fleet of Cybercab robotaxis and Tesla vehicles with compute and power capability, creating "a global infrastructure on the ground and in space," Diamandis said. Musk held talks about such a transaction prior to SpaceX's combination with xAI, Bloomberg reported in January. Diamandis also spoke to Musk about it broadly in both January and March. A CNBC report published Tuesday also detailed how talks of a tie-up were reportedly routinely and openly discussed internally by emploees at both firms. Diamandis first invested in SpaceX in the late 2000s and has started or backed several companies. Related articles Tesla, SpaceX merger inevitable, early investor says Citi pushes back Fed rate cuts to May after blowout January jobs report Morgan Stanley CIO survey: Why AI hype isn’t boosting 2026 IT budgets