Ongoing geopolitical tensions in the Middle East have sent the price of oil soaring, fueling fears of a slowdown in the U.S. economy. As a result, the S&P 500 (SNPINDEX: ^GSPC) stock market index plummeted by 5% in March, with many individual stocks suffering even steeper declines. But Advanced Micro Devices (NASDAQ: AMD) bucked the sell-off, delivering a gain of 2.5% for the month. Short-term mov...
Ongoing geopolitical tensions in the Middle East have sent the price of oil soaring, fueling fears of a slowdown in the U.S. economy. As a result, the S&P 500 (SNPINDEX: ^GSPC) stock market index plummeted by 5% in March, with many individual stocks suffering even steeper declines. But Advanced Micro Devices (NASDAQ: AMD) bucked the sell-off, delivering a gain of 2.5% for the month. Short-term moves in the stock market are usually just noise, especially during periods of heightened volatility. But AMD is gearing up for one of its strongest years ever, so it makes sense that investors are holding on to their shares. AMD has become one of Nvidia 's top competitors in the market for data center graphics processing units (GPUs), which are the primary chips used in artificial intelligence (AI) development. Here's why its stock could remain resilient for the foreseeable future. Continue reading
The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Axios Senior Politics Reporter Marc Caputo, Former Assistant Secretary of State for Political-Military Affairs Under George Bush Brigadier General Mark Kimmitt, Napster Corp. CEO John Acunto, Pulsar ...
The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Axios Senior Politics Reporter Marc Caputo, Former Assistant Secretary of State for Political-Military Affairs Under George Bush Brigadier General Mark Kimmitt, Napster Corp. CEO John Acunto, Pulsar Helium President Cliff Cain, “The Infinity Machine” Author Sebastian Mallaby, Democratic National Committee Chair Ken Martin, and Former US Ambassador to Nato Ivo Daalder. (Source: Bloomberg)
Muriqi strikes late winner for relegation battlers Bayern Munich come from behind to beat Freiburg Real Mallorca dealt a major blow to Real Madrid’s title aspirations as Vedat Muriqi struck an added-time winner to seal a shock 2-1 win for the hosts, leaving Real four points behind Barcelona before the leaders play Atlético Madrid later on Saturday. The hosts withstood Real’s pressure early in the ...
Muriqi strikes late winner for relegation battlers Bayern Munich come from behind to beat Freiburg Real Mallorca dealt a major blow to Real Madrid’s title aspirations as Vedat Muriqi struck an added-time winner to seal a shock 2-1 win for the hosts, leaving Real four points behind Barcelona before the leaders play Atlético Madrid later on Saturday. The hosts withstood Real’s pressure early in the game, keeper Leo Roman denying Kylian Mbappé with two diving saves, before Mallorca took the lead from their first shot on target in the 42nd minute as Manu Morlanes converted Pablo Maffeo’s cross. Continue reading...
Last 16: Bath 31-22 Saracens Second-half turnaround sends Bath through to quarters Henry Arundell’s two tries helped Bath to a tight victory over Saracens as they squeezed their way into the quarter-finals of the Champions Cup. The English champions trailed 10-0 at the break against a Sarries side unrecognisable from the one crushed at the Rec a fortnight ago in the Prem. But Bath’s heavyweight be...
Last 16: Bath 31-22 Saracens Second-half turnaround sends Bath through to quarters Henry Arundell’s two tries helped Bath to a tight victory over Saracens as they squeezed their way into the quarter-finals of the Champions Cup. The English champions trailed 10-0 at the break against a Sarries side unrecognisable from the one crushed at the Rec a fortnight ago in the Prem. But Bath’s heavyweight bench came to the rescue, with Thomas du Toit to the fore, as they rallied to win. Saracens pushed Bath all the way and a late try from Noah Caluori set up a nervy finish, but Arundell’s second on the final play settled the contest and booked a last-eight home tie against Northampton next weekend. Continue reading...
Danny Rohl’s side move above Hearts on goal difference Hibs turn up heat on Motherwell in battle for fourth spot Rangers put pressure on their title rivals by moving top of the Scottish Premiership for the first time in more than two years with a patchy 4-2 win over Dundee United at Ibrox. Ryan Naderi opened the scoring on the half-hour mark with a close-range finish before Dujon Sterling added a ...
Danny Rohl’s side move above Hearts on goal difference Hibs turn up heat on Motherwell in battle for fourth spot Rangers put pressure on their title rivals by moving top of the Scottish Premiership for the first time in more than two years with a patchy 4-2 win over Dundee United at Ibrox. Ryan Naderi opened the scoring on the half-hour mark with a close-range finish before Dujon Sterling added a second four minutes from the interval with his first league goal for the Gers. The United forward Amar Fatah reduced the deficit with a strike just before half-time, but Thelo Aasgaard restored the Light Blues’ two-goal advantage in the 52nd minute. This story will be updated Continue reading...
(Bloomberg) -- President Donald Trump said Saturday that time was running out on his 10-day deadline for Iran to make a peace deal with the US and threatened that the Islamic Republic would face "all hell" in 48 hours."Remember when I gave Iran ten days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT," Trump said in a social-media post the day before Easter. "Time is running out — 48 hours before all ...
(Bloomberg) -- President Donald Trump said Saturday that time was running out on his 10-day deadline for Iran to make a peace deal with the US and threatened that the Islamic Republic would face "all hell" in 48 hours."Remember when I gave Iran ten days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT," Trump said in a social-media post the day before Easter. "Time is running out — 48 hours before all Hell will reign down on them. Glory be to God!" Trump had extended a five-day deadline to April 6 as
JHVEPhoto/iStock Editorial via Getty Images Investment Rating - " Buy " Broadcom Inc. ( AVGO ) develops custom AI accelerators called XPUs, Ethernet networking, and also runs an infrastructure software business (VMware), thus playing the role of an AI plumber for the entire AI infrastructure buildout, so to speak. Logically, the current AI boom drove up AVGO's quotes, but even before OpenAI's ( OP...
JHVEPhoto/iStock Editorial via Getty Images Investment Rating - " Buy " Broadcom Inc. ( AVGO ) develops custom AI accelerators called XPUs, Ethernet networking, and also runs an infrastructure software business (VMware), thus playing the role of an AI plumber for the entire AI infrastructure buildout, so to speak. Logically, the current AI boom drove up AVGO's quotes, but even before OpenAI's ( OPENAI ) first GPT tech was presented to the public, AVGO was a steady compounder for its investors. This year is shaping up differently, as Broadcom is down by ~24% from its ATH, hitting the depth of the sell-offs we've seen in 2011, 2015, and 2018, to name a few. Data by YCharts Today's dip seems to be driven by a couple of things. First, AVGO's revenue mix is shifting toward AI hardware with the success of its XPUs, and while top-line expansion looks great, hardware revenues tend to carry lower margins compared to software revenues. That's why management warned investors about an upcoming margin contraction on the gross level (~100 bps on a QoQ basis next quarter). As legacy segments look more tempting margins-wise, AVGO's forward valuation dropped, based on my understanding. Second, the rising AI-related backlog is currently spread out across just a few hyperscalers and LLM providers, making forward-looking projections less sustainable amid the general macro and geopolitical setup. There is still 20%+ to go before AVGO reaches its 2020 sell-off level, but I don't think it's reasonable for long-term investors to wait for such a massive meltdown. The stock has already started to look attractive in terms of its valuation. The fundamental case for buying Broadcom - its dominant role as a global custom AI platform enabler - has only strengthened in recent months, in my opinion. I see a very comfortable upside potential ahead, and that's why I'm issuing a Buy recommendation. Broadcom's XPU Acceleration And Ethernet's Victory It's a well-known fact that Broadcom holds about 60% ...
JHVEPhoto/iStock Editorial via Getty Images Investment Rating - " Buy " Broadcom Inc. ( AVGO ) develops custom AI accelerators called XPUs, Ethernet networking, and also runs an infrastructure software business (VMware), thus playing the role of an AI plumber for the entire AI infrastructure buildout, so to speak. Logically, the current AI boom drove up AVGO's quotes, but even before OpenAI's ( OP...
JHVEPhoto/iStock Editorial via Getty Images Investment Rating - " Buy " Broadcom Inc. ( AVGO ) develops custom AI accelerators called XPUs, Ethernet networking, and also runs an infrastructure software business (VMware), thus playing the role of an AI plumber for the entire AI infrastructure buildout, so to speak. Logically, the current AI boom drove up AVGO's quotes, but even before OpenAI's ( OPENAI ) first GPT tech was presented to the public, AVGO was a steady compounder for its investors. This year is shaping up differently, as Broadcom is down by ~24% from its ATH, hitting the depth of the sell-offs we've seen in 2011, 2015, and 2018, to name a few. Data by YCharts Today's dip seems to be driven by a couple of things. First, AVGO's revenue mix is shifting toward AI hardware with the success of its XPUs, and while top-line expansion looks great, hardware revenues tend to carry lower margins compared to software revenues. That's why management warned investors about an upcoming margin contraction on the gross level (~100 bps on a QoQ basis next quarter). As legacy segments look more tempting margins-wise, AVGO's forward valuation dropped, based on my understanding. Second, the rising AI-related backlog is currently spread out across just a few hyperscalers and LLM providers, making forward-looking projections less sustainable amid the general macro and geopolitical setup. There is still 20%+ to go before AVGO reaches its 2020 sell-off level, but I don't think it's reasonable for long-term investors to wait for such a massive meltdown. The stock has already started to look attractive in terms of its valuation. The fundamental case for buying Broadcom - its dominant role as a global custom AI platform enabler - has only strengthened in recent months, in my opinion. I see a very comfortable upside potential ahead, and that's why I'm issuing a Buy recommendation. Broadcom's XPU Acceleration And Ethernet's Victory It's a well-known fact that Broadcom holds about 60% ...
General Motors (NYSE: GM) is doing plenty right for investors these days. It has a cash cow business with its high-margin trucks and SUV sales, has executed significant cost reduction programs, has significantly reduced share count to drive earnings-per-share power, and is expanding its software revenue for additional high-margin business. Those developments helped GM's stock double over the past ...
General Motors (NYSE: GM) is doing plenty right for investors these days. It has a cash cow business with its high-margin trucks and SUV sales, has executed significant cost reduction programs, has significantly reduced share count to drive earnings-per-share power, and is expanding its software revenue for additional high-margin business. Those developments helped GM's stock double over the past three years, and the good news is that more high-margin business is on the way, and many investors have overlooked the potential of what's happening. Image source: General Motors. The mainstream automotive industry is known for being capital-intensive and for generating razor-thin margins. That changes for the better as you move higher into luxury auto brands, or even super-luxury (such as Ferrari ), but largely the automotive industry isn't looked at as lucrative. That's beginning to change, and GM's push with OnStar and Super Cruise is showing signs of its potential to drive significant profits. Continue reading
JHVEPhoto/iStock Editorial via Getty Images I happily cover consumer staples. Over the years, I've often held significant positions in many staples companies, including but not limited to Swedish and local businesses like Axfood ( AXFOY ) and ICA (no longer publicly listed) as well as regional and EU-wide businesses like Ahold Delhaize ( ADRNY ). All of these investments, over time, have been succ...
JHVEPhoto/iStock Editorial via Getty Images I happily cover consumer staples. Over the years, I've often held significant positions in many staples companies, including but not limited to Swedish and local businesses like Axfood ( AXFOY ) and ICA (no longer publicly listed) as well as regional and EU-wide businesses like Ahold Delhaize ( ADRNY ). All of these investments, over time, have been successes - but I am currently not invested in any of them due to causes of valuation. In this article, I will look at US-based grocer Albertsons, technically a solid company, but as of late not exactly trading at, or seeing significant high or impressive trends. I will discover the reasons for this. Going by the company's numerous following analysts and the ratings they have given the company, the conveyed image is that this is a severe miscalculation and, in essence, an "incorrect" price for the company. This drawdown in price has left the grocer trading at less than 8.2x P/E, when many peers and other grocers are trading at valuations that move well into 15-17x P/E, so about twice as high or even more. So is it a matter of the analysts missing some key risk, or is it the market misapplying a significant discount multiple to what isn't really a discountable risk? I have, over the years of my analyst activity, seen both of these things happen, so it's a good thing in this case to see what I believe to be the truth of the matter. In essence, and looking from a bird's-eye view, there's absolutely nothing wrong with Albertsons. The company is one of the largest food and drug retailers in the entire nation. The company operates well over 2,200 stores, which makes it bigger in size than any Swedish investment in the sector I have ever made. It has several well-known brands under its banner, including things like Albertsons, Safeway, Vons, and Jewel-Osco. While grocers are facing structural, operational, and financial challenges and need to meet them, it seems to me at first glance ...
Manchester City have beaten Arsenal and taken apart Liverpool in their past two games and Erling Haaland's return to goalscoring form has laid down the gauntlet for the run-in.
Manchester City have beaten Arsenal and taken apart Liverpool in their past two games and Erling Haaland's return to goalscoring form has laid down the gauntlet for the run-in.
Sven Piper/iStock Editorial via Getty Images Elon Musk has made a bold request to banks, law firms, auditors, and other advisers working on the IPO of his rocket and satellite company SpaceX ( SPACE ): Buy subscriptions to its artificial intelligence chatbot, Grok, according to the New York Times. Citing people familiar with the matter, The Times reported that several banks have already decided to...
Sven Piper/iStock Editorial via Getty Images Elon Musk has made a bold request to banks, law firms, auditors, and other advisers working on the IPO of his rocket and satellite company SpaceX ( SPACE ): Buy subscriptions to its artificial intelligence chatbot, Grok, according to the New York Times. Citing people familiar with the matter, The Times reported that several banks have already decided to spend tens of millions on Grok, which came under SpaceX ( SPACE ) last month when its parent, xAI ( X.AI ), merged with the aerospace company. The purchases were not just gestures of goodwill, according to the people, who were not permitted to comment publicly on confidential discussions. While Musk requested that banks involved in the IPO advertise on his social media platform X, also owned by SpaceX ( SPACE ), he wasn’t particularly strict on them meeting that demand, according to two of those people. As of now, Bank of America ( BA ), Citigroup ( CIT ), Goldman Sachs ( GS ), JPMorgan Chase ( JPM ), and Morgan Stanley ( MS ) are said to be working on the IPO along with law firms Gibson Dunn and Davis Polk. The Grok subscriptions from banks are expected to benefit the enterprise side of xAI ( X.AI ), which generates revenue mostly from individual customers rather than businesses. According to its most recent financial report to investors before its merger with SpaceX ( SPACE ), the company reportedly generated approximately $1B in revenue from its AI operations. Musk and a spokesperson for SpaceX ( SPACE ) didn’t respond to requests for comments. This week, SpaceX (SPAC) confidentially submitted paperwork for its much-anticipated IPO, which is expected to raise as much as $75 B at a valuation above $ 2T . More on SpaceX, xAI Can Any Investor Actually Value SpaceX? SpaceX IPO: What I Learned From ULA's Heydays SpaceX-xAI Deal: Building America's New Icon ChatGPT, DeepSeek continue to lose chatbot mobile market share in US as competition heats up Catalyst Watch: OPEC meetin...