sitox/E+ via Getty Images I first invested in ASML Holding ( ASML ) in late 2022. I have to admit, I had to be patient with ASML to see some actual results. Because the stock price wasn't increasing too much for quite some time. But I see that everything has changed recently. Data by YCharts I see that Mr. Market finally appreciates ASML. I'm sure you are aware of broad supply shortages in the sem...
sitox/E+ via Getty Images I first invested in ASML Holding ( ASML ) in late 2022. I have to admit, I had to be patient with ASML to see some actual results. Because the stock price wasn't increasing too much for quite some time. But I see that everything has changed recently. Data by YCharts I see that Mr. Market finally appreciates ASML. I'm sure you are aware of broad supply shortages in the semiconductor field. Especially the likes of Micron Technology ( MU ) benefit from that. Memory shortages are significant. And Micron has a favorable supply-to-demand going for itself. And the same thing applies to ASML. But I think it applies in an even better way. If you've read some of my articles before, you probably remember how I like to call the likes of Nvidia ( NVDA ). I see NVDA as a shovel-maker in the gold rush. And I've always realized that this saying works even better for ASML. Why is that? It makes equipment so shovel-makers can make shovels. I like how ASML described its business . I agree with them. I often heard from my friends or some investors in comments that they like ASML because it produces chips. But it's not the case. In my eyes, their market position is even more attractive: ASML is one of the world’s leading manufacturers of chip-making equipment. It’s a common misconception that we make chips, also called microchips or integrated circuits (ICs), but we actually design and manufacture the lithography machines that are an essential component in chip manufacturing. Our customers are companies such as Intel, who use our machines in ‘fabs’ – microchip manufacturing plants – to create microchips that are eventually used in many electronic devices, including smartphones, laptops and much more. Business Looks Better Than Ever I'm happy to say that ASML scored revenue in line with its guidance. That means a 13%+ revenue increase on a y/o/y basis. Is that a lot? Well, I don't like sugarcoating. It was a great quarter by ASML's standards - by its history, I ...
(RTTNews) - Lanvin Group Holdings Limited (LANV), a luxury fashion company, said on Monday that it has appointed Xi Luo as chief financial officer, with effect from June 1.
(RTTNews) - Lanvin Group Holdings Limited (LANV), a luxury fashion company, said on Monday that it has appointed Xi Luo as chief financial officer, with effect from June 1.
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first Bain & Co. is coming out later today with a warning for those firms expecting big savings from their investments in artificial intelligence : you’ll be disappointed. In ...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first Bain & Co. is coming out later today with a warning for those firms expecting big savings from their investments in artificial intelligence : you’ll be disappointed. In an April survey of 951 respondents from companies with more than $100 million in revenue, Bain found that 37% said they experienced cost reductions of between 10% and 20%, but a larger 40% saw improvements of 10% or less. Only 4% of global respondents achieved AI-related savings of more than 30%, the survey, shared exclusively with Bloomberg, found. Here’s the part that Bain found the most troubling: 44% of large companies that are funding their next wave of AI spending are basing those investments on the last round of savings — savings that haven’t yet materialized for some of them. “The technology worked. The value didn’t arrive,” Bain concluded in the report. “Self-funding the next wave from past returns sounds like discipline. In reality, it is a circular bet with a structural leak,” the firm cautioned. Whether driven by hope or FOMO or a blend of both, the AI boom is exposing divides between promise and reality. An MIT research group concluded last year that 95% of corporate AI pilots fall flat. So Bain’s latest survey wasn’t the first evidence of AI underdelivering so far on expectations. And it’s not likely the last either. “Companies that don’t validate their reinvestment math against what automation actually returned, rather than what it was supposed to return,” the report concluded, “are compounding risk rather than managing it.” The following was produced with the assistance of Bloomberg Automation. Banking & Finance SpaceX is preparing for a record-breaking IPO expected to raise $75 billion at a target valuation of at least $1.8 trillion, more than twice the siz...
The Road To Hell Is Being Paved With Suicidal Empathy Authored by Bronwyn Eyre via The Epoch Times, In his book-cover endorsement of “ Suicidal Empathy: Dying to Be Kind ,” author Bruce Bawer calls it “easily more important than any book in recent memory.” Elon Musk adds: “Western civilization is doomed unless the core weakness of suicidal empathy is recognized and actions are taken.” They’re righ...
The Road To Hell Is Being Paved With Suicidal Empathy Authored by Bronwyn Eyre via The Epoch Times, In his book-cover endorsement of “ Suicidal Empathy: Dying to Be Kind ,” author Bruce Bawer calls it “easily more important than any book in recent memory.” Elon Musk adds: “Western civilization is doomed unless the core weakness of suicidal empathy is recognized and actions are taken.” They’re right. Professor Gad Saad’s newest book will jar your mindset and leave you with a degree of shock. You’ll want to tell others about it, and it will be a bestseller (in fact, it already is ). The book cover’s sketched lamb holding a sign reading “FREE THE WOLVES” delivers the book’s thesis in a nutshell—that the madness of misplaced empathy toward alien entities, cultures, and religions is suicidal . And the Western world—or at least a critical mass of its cultural and political influencers—is sold on the idea. The book is freighted with stunning examples of lunatic policies that prioritize marginalized groups over cherished time-tested Judeo-Christian tenets, customs, and practices . In his chapter “Cultural Theory of Mind,” for instance, Saad discusses how both the British police and government declined “over several decades” to intervene in the “organized sexual exploitation of young white girls by ‘Asian’ grooming gangs across countless cities on an industrial-scale level … lest they might be accused of bigotry or, worse, Islamophobia.” Some instances of suicidal empathy occur where you’d least suspect it. Traditionally, for example, merit and scientific aptitude have comprised the hallmark for entrance into medicine. But according to Saad, CanMEDS (which develops professional codes for physicians and surgeons in Canada) has devised a new model that “would seek to centre values such as anti-oppression, anti-racism, and social justice, rather than medical expertise.” He then provides a 150-word statement elaborating on CanMEDS’ 2025 renewal guidelines—ones that address “ongo...
Atomic62 Studio/iStock via Getty Images By Mike Larson Just when you thought it couldn’t get any worse, it did. Consumer confidence sank even further than the depressed levels I highlighted in April - hitting its lowest since the University of Michigan started collecting data in 1952. While higher oil prices and inflation worries are part of it, there’s a deeper, underlying force at work. Check ou...
Atomic62 Studio/iStock via Getty Images By Mike Larson Just when you thought it couldn’t get any worse, it did. Consumer confidence sank even further than the depressed levels I highlighted in April - hitting its lowest since the University of Michigan started collecting data in 1952. While higher oil prices and inflation worries are part of it, there’s a deeper, underlying force at work. Check out my MoneyShow Chart of the Day. Courtesy of The Wall Street Journal , it shows the share of gross domestic income that employees are capturing. At 51% in Q1, it was the lowest since the government began tracking in 1947. On the flip side, corporate profits accounted for 12.1% - the most since 1950. Why is “Main Street” So Glum? Maybe It’s This... Source: Wall Street Journal Stated another way, companies are “feasting.” Since the stock market is ultimately driven by earnings, it’s trading at record highs. Wall Street is happy. But consumers are “starving,” with workers essentially capturing a smaller percentage of the economic pie. Since personal financial health strongly influences sentiment, consumer confidence readings are sliding. Main Street is unhappy. Yes, the data has some statistical quirks, as the Journal notes. Gross Domestic Product (GDP) and Gross Domestic Income (GDI) are calculated differently, and the way GDI accounts for depreciation could overstate the slump in labor’s share of income. But if you’re trying to get to the bottom of the “How can people be so glum when the stock market is so strong” mystery, this chart is a start. As an investor, it helps to know why things are the way they are - even if sentiment data isn’t a consistent stock market driver the way earnings are. Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors. Originally published on MoneyShow.com