(Bloomberg) -- Qualcomm Inc. reached a deal with TikTok owner ByteDance Ltd. to supply chips for artificial intelligence data centers, according to people familiar with the matter, marking a key win for a company trying to expand from smartphone processors into AI infrastructure. Most Read from Bloomberg ByteDance is set to procure millions of Qualcomm chips known as application-specific integrate...
(Bloomberg) -- Qualcomm Inc. reached a deal with TikTok owner ByteDance Ltd. to supply chips for artificial intelligence data centers, according to people familiar with the matter, marking a key win for a company trying to expand from smartphone processors into AI infrastructure. Most Read from Bloomberg ByteDance is set to procure millions of Qualcomm chips known as application-specific integrated circuits, which will help support the social media company’s AI agent software, said the people, who asked not to be identified because the discussions are private. Qualcomm’s shares extended their gains to as much as 8.3% higher to a new intraday record. Representatives for San Diego-based Qualcomm declined to comment. A ByteDance spokesperson didn’t respond to requests for comment. The Chinese tech giant is poised to become one of the chipmaker’s first major customers for the AI-focused ASICs. Qualcomm Chief Executive Officer Cristiano Amon has previously said that the company is beginning to line up clients for the chips. During a post-earnings conference call last month, he mentioned “engagement” with a number of companies. Amon didn’t identify potential customers, but the remarks helped trigger a Qualcomm stock rally. Qualcomm has long sought to increase its foothold in the AI chip industry, but finding customers has been a key challenge. Nvidia Corp. remains dominant in the market for AI computing chips, though Advanced Micro Devices Inc., Broadcom Inc. and Alphabet Inc.’s Google are all making inroads. Qualcomm’s partnership with ByteDance could provide a key opportunity: a high-volume customer and a path into one of the fastest-growing segments of the semiconductor industry. The US company now makes chips through partners such as Taiwan Semiconductor Manufacturing Co. So long as the Qualcomm chips fall within legally acceptable computing thresholds, Qualcomm’s partners wouldn’t run afoul of existing US restrictions on the production of AI chips for Chinese firms l...
Broadcom (AVGO) has become one of the AI trade’s big winners, with the stock up 75% over the past year as investors bet aggressively on its custom AI chips. But beneath the AI narrative, VMware has become the financial backbone supporting that valuation. See a Closer look at AVGO’s software business. Broadcom has built a software business with exceptional pricing power, capable of pushing through ...
Broadcom (AVGO) has become one of the AI trade’s big winners, with the stock up 75% over the past year as investors bet aggressively on its custom AI chips. But beneath the AI narrative, VMware has become the financial backbone supporting that valuation. See a Closer look at AVGO’s software business. Broadcom has built a software business with exceptional pricing power, capable of pushing through rate increases of 4x to 5x while leaving most customers with limited near-term alternatives. In FY2025, software revenue reached $27 billion, roughly 42% of total sales, growing 26% year-over-year. The segment posted 93% gross margins and close to 80% operating margins, compared to the chip division’s roughly 50% operating margins. That cash flow matters. While AI chips drive the growth story and investor enthusiasm, the software business supplies the stable, high-margin earnings base underwriting Broadcom’s aggressive AI expansion and premium valuation. Broadcom currently trades at roughly 37x forward earnings, well above peers such as Nvidia (NVDA) at 24x. That multiple rests heavily on the assumption that VMware revenue is durable, recurring, and largely captive. That assumption is now under pressure on multiple fronts. European Regulatory Pressure European trade groups have filed formal antitrust complaints alleging that Broadcom’s post-acquisition elimination of perpetual VMware licenses – and forced bundling of products many customers did not previously purchase – drove procurement costs up by as much as tenfold. The immediate risk is procedural. European cloud vendors have requested interim protective measures, which would let the Commission compel Broadcom to roll back subscription mandates before the full investigation concludes. This matters more than the headline. European enforcement typically sets global precedent through the Brussels Effect. Once Broadcom is forced to offer concessions in one major jurisdiction, customers in the US, UK, and Asia immediately de...
Quantum computing stocks gave back some of the gains that stemmed after the U.S. federal government took stakes in some companies in the sector. IonQ ( IONQ ) shares fell 6% in early trading, while Quantum Computing fell 6.5%. D-Wave Quantum ( QBTS ), which announced on Tuesday that its subsidiary Quantum Circuits received second-year funding for a U.S.-backed quantum computing project, fell 8.5%....
Quantum computing stocks gave back some of the gains that stemmed after the U.S. federal government took stakes in some companies in the sector. IonQ ( IONQ ) shares fell 6% in early trading, while Quantum Computing fell 6.5%. D-Wave Quantum ( QBTS ), which announced on Tuesday that its subsidiary Quantum Circuits received second-year funding for a U.S.-backed quantum computing project, fell 8.5%. Also seeing drawdowns were Rigetti Computing ( RGTI ) and Infleqtion ( INFQ ), which fell 8% and 6%, respectively. IBM ( IBM ), which received support from the U.S. federal government, saw its shares fall 2.4%. Bucking the trend was Honeywell ( HON ), which rose more than 2.5% after it announced its Quantinuum quantum computing unit is seeking to raise $1.05B in its upcoming initial public offering. Earlier this month, the U.S. Department of Commerce signed nine letters of intent to provide just over $2B in federal incentives under the CHIPS and Science Act. The Trump administration is ramping up efforts to build a domestic quantum computing supply chain. More on quantum computing IonQ: Quantum Story May Get Messier After SkyWater IonQ: Misleading Quantum Growth Quantum Computing Company IonQ Is A Buy (Technical Analysis) D-Wave unit secures second-year funding for superconducting quantum innovation Quantum computing stocks to extend rally as federal backing tests bearish sentiment
Broadcom (AVGO) has become one of the AI trade’s big winners, with the stock up 75% over the past year as investors bet aggressively on its custom AI chips. But beneath the AI narrative, VMware has become the financial backbone supporting that valuation. See a Closer look at AVGO’s software business. Broadcom has built a software business with exceptional pricing power, capable of pushing through ...
Broadcom (AVGO) has become one of the AI trade’s big winners, with the stock up 75% over the past year as investors bet aggressively on its custom AI chips. But beneath the AI narrative, VMware has become the financial backbone supporting that valuation. See a Closer look at AVGO’s software business. Broadcom has built a software business with exceptional pricing power, capable of pushing through rate increases of 4x to 5x while leaving most customers with limited near-term alternatives. In FY2025, software revenue reached $27 billion, roughly 42% of total sales, growing 26% year-over-year. The segment posted 93% gross margins and close to 80% operating margins, compared to the chip division’s roughly 50% operating margins. That cash flow matters. While AI chips drive the growth story and investor enthusiasm, the software business supplies the stable, high-margin earnings base underwriting Broadcom’s aggressive AI expansion and premium valuation. Broadcom currently trades at roughly 37x forward earnings, well above peers such as Nvidia (NVDA) at 24x. That multiple rests heavily on the assumption that VMware revenue is durable, recurring, and largely captive. That assumption is now under pressure on multiple fronts. European Regulatory Pressure European trade groups have filed formal antitrust complaints alleging that Broadcom’s post-acquisition elimination of perpetual VMware licenses – and forced bundling of products many customers did not previously purchase – drove procurement costs up by as much as tenfold. The immediate risk is procedural. European cloud vendors have requested interim protective measures, which would let the Commission compel Broadcom to roll back subscription mandates before the full investigation concludes. This matters more than the headline. European enforcement typically sets global precedent through the Brussels Effect. Once Broadcom is forced to offer concessions in one major jurisdiction, customers in the US, UK, and Asia immediately de...
格隆汇5月26日｜杠杆资金持续狂欢，3倍做多韩国ETF飙升超28%，Franklin FTSE South Korea ETF、MSCI韩国指数ETF-iShares均涨超9%并创新高。消息面上，韩国综合指数盘中一度涨3.61%报8131.15点，再创历史新高；最终收涨2.55%，报8047.51点，创收盘历史新高，年内累计涨幅达90.96%，继续牛冠全球。其中，SK海力士收涨5.7%创历史新高，...
格隆汇5月26日｜杠杆资金持续狂欢，3倍做多韩国ETF飙升超28%，Franklin FTSE South Korea ETF、MSCI韩国指数ETF-iShares均涨超9%并创新高。消息面上，韩国综合指数盘中一度涨3.61%报8131.15点，再创历史新高；最终收涨2.55%，报8047.51点，创收盘历史新高，年内累计涨幅达90.96%，继续牛冠全球。其中，SK海力士收涨5.7%创历史新高，年内累涨215%；三星电子收涨超2%，年内累涨149%。(格隆汇)
HYDERABAD, India, May 26, 2026 /PRNewswire/ -- According to the latest report by Mordor Intelligence, the automotive hypervisor market size is projected to grow from USD 0.57 billion in 2026 to USD 1.51 billion by 2031, registering a CAGR of 21.49% during 2026-2031. Growth is being driven by the shift toward software-defined vehicles, where automakers are integrating multiple ECU functions into ce...
HYDERABAD, India, May 26, 2026 /PRNewswire/ -- According to the latest report by Mordor Intelligence, the automotive hypervisor market size is projected to grow from USD 0.57 billion in 2026 to USD 1.51 billion by 2031, registering a CAGR of 21.49% during 2026-2031. Growth is being driven by the shift toward software-defined vehicles, where automakers are integrating multiple ECU functions into centralized domain controllers while ensuring secure workload separation. Increasing cybersecurity regulations, growing ADAS complexity, and efforts to reduce vehicle wiring are further supporting adoption. At the same time, Qualcomm's acquisition of OpenSynergy's virtualization assets highlights the rising focus on semiconductor and software integration, although limited availability of certified virtualization experts and legacy ECU infrastructure remain key challenges. Mordor Intelligence Logo (PRNewsfoto/Mordor Intelligence Private Limited) Automotive Hypervisor Market Trends and Drivers Growing Adoption of Automotive Cybersecurity Standards Such as ISO/SAE 21434 and UNECE R155/R156: Automotive cybersecurity regulations are driving higher adoption of hypervisor-based vehicle architectures. Regulations such as UNECE R155 are pushing automakers to strengthen cybersecurity frameworks and improve isolation between safety-critical and connected vehicle systems. At the same time, compliance with ISO/SAE 21434 is increasing demand for secure platforms capable of managing multiple ASIL-rated applications on shared hardware environments. "As software-defined vehicle architectures continue to evolve, understanding the automotive hypervisor market requires a balanced assessment of technology adoption, ecosystem developments, and deployment priorities," says Phani Kumar, Senior Research Manager, Mordor Intelligence. "Mordor Intelligence applies a consistent research framework grounded in multiple industry sources and market validation practices, helping decision-makers evaluate findi...
A demonstrator holds up a sign outside the Alabama Statehouse in Montgomery, Ala., on Thursday, May, 7 2026. Kim Chandler | AP A panel of federal judges on Monday blocked Alabama from using congressional district maps that would dilute the votes of Black people in the 2026 midterm elections. The ruling in U.S. District Court in Birmingham, Ala., which found that the maps "intentionally discriminat...
A demonstrator holds up a sign outside the Alabama Statehouse in Montgomery, Ala., on Thursday, May, 7 2026. Kim Chandler | AP A panel of federal judges on Monday blocked Alabama from using congressional district maps that would dilute the votes of Black people in the 2026 midterm elections. The ruling in U.S. District Court in Birmingham, Ala., which found that the maps "intentionally discriminated based on race," sets the stage for the Supreme Court to determine whether the maps, which were first proposed in 2023, can be used by Alabama this year. The three-judge panel issued its ruling in response to the Supreme Court telling it to revisit the question of whether the maps could be used in light of the Supreme Court's recent ruling in a case known as Louisiana v. Callais, which found that Louisiana's drawing of its own congressional map was a racial gerrymander. The panel noted that it previously had ruled that Alabama's map of districts violated the "Voting Rights Act of 1965 and intentionally discriminated against Black voters based on race in violation of the Fourteenth Amendment to the United States Constitution." This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Northrop Grumman (NOC) has suffered an eye-popping 30% collapse in under two months. While a haircut of this magnitude is sure to grab any trader's attention, a massive drop does not automatically guarantee an immediate bounce. Attempting to catch a falling knife is a quick way to drain your account. Finding the actual bottom requires patience and a strict reliance on objective technical indicator...
Northrop Grumman (NOC) has suffered an eye-popping 30% collapse in under two months. While a haircut of this magnitude is sure to grab any trader's attention, a massive drop does not automatically guarantee an immediate bounce. Attempting to catch a falling knife is a quick way to drain your account. Finding the actual bottom requires patience and a strict reliance on objective technical indicators to identify the correct entry point. The tools I am using to stalk this NOC set-up are the exact same metrics that power my fully automated, rules-based trading platform, Maya . To time this specific entry, I am looking at how two distinct indicators interact: 1. Accelerated MACD (5, 13, 5): The Early Radar - I prefer this tighter MACD setting because it acts as an early warning system, highlighting momentum shifts before the rest of the market wakes up. On April 29th, this indicator fired off a clear bullish crossover, signaling that the aggressive selling pressure was finally starting to stall. However, taking any single indicator as gospel is a mistake. Entering a trade purely on an early MACD signal can trap you in a losing position for weeks while the stock continues to drift lower. It is a watchlist trigger, not a buy signal. 2. Relative Strength Index (RSI): The Execution Trigger - This is where the actual trade setup is completed. NOC's RSI plunged below the 30 level on April 20th, officially dragging the stock into oversold territory. This is the exact environment where mean reversion setups emerge, but the golden rule remains: we never buy simply because a stock is oversold. We have to wait for the RSI to pop back above 30, proving that buyers have actually stepped in to defend the price. That definitive proof finally arrived on May 18th. By layering these two indicators, the true value of the system becomes clear. The RSI kept us safely on the sidelines for nearly three weeks after the initial MACD crossover, preventing a premature entry and allowing the true f...
USA Rare Earth (USAR +3.32%) is an American mining company focused on helping the U.S. build a domestic supply chain for rare-earth magnets. Put differently, USA Rare Earth wants to help the U.S. government break its dependence on Chinese rare-earth mining companies. Currently, China accounts for about 70% of the world's rare-earth extraction and 90% of its rare-earth processing. It also produces ...
USA Rare Earth (USAR +3.32%) is an American mining company focused on helping the U.S. build a domestic supply chain for rare-earth magnets. Put differently, USA Rare Earth wants to help the U.S. government break its dependence on Chinese rare-earth mining companies. Currently, China accounts for about 70% of the world's rare-earth extraction and 90% of its rare-earth processing. It also produces over 90% of the world's permanent magnets, underscoring its complete dominance in the rare-earth magnet market. But does USA Rare Earth actually stand a chance in this cost-intensive industry? Can it scale its polymetallic Round Top deposit in Texas, which is currently under development, and its magnet factory in Oklahoma into profitable businesses? Or will USA Rare Earth, like so many mining companies before it, fall prey to the intense cyclicality of metal prices and the brutal capital demands of turning ore into a functioning supply chain? Let's take a closer look at this potential millionaire-making metal stock and see what it's building. A "mine-to-magnet" business with a lot of moving parts The bullish case for USA Rare Earth is pretty straightforward. In a nutshell, the company is trying to build one of the few domestic rare-earth magnet supply chains in the U.S. Expand NASDAQ : USAR USA Rare Earth Today's Change ( 3.32 %) $ 0.84 Current Price $ 26.14 Key Data Points Market Cap $5.5B Day's Range $ 25.32 - $ 26.58 52wk Range $ 8.00 - $ 43.98 Volume 201.2K Avg Vol 15.5M Gross Margin -4527.99 % Theoretically, it has the assets to become America's rare-earth champion. Round Top is considered one of the largest rare-earth deposits in the U.S., with 16 of the 17 rare-earth elements. Its magnet factory in Oklahoma is expected to produce about 1,200 metric tons of magnets to start, then ramp up to 10,000 metric tons. The combination of these two facilities -- the mine in Texas, and the magnet factory in Oklahoma -- forms two key links in USA Rare Earth's "mine-to-magnet" sup...
hapabapa/iStock Editorial via Getty Images Introduction Reddit ( RDDT ) stock has underperformed the market (-41% YTD vs S&P500 +9%) — as investors turned cognizant about 1) Reddit’s slowing DAU growth (+17% DAU growth to 126.8 million in Q1 2026), 2) Competitive threats from Meta Forums cannibalizing Reddit’s users growth and engagement , alongside 3) Heavy dependence on Google for search traffic...
hapabapa/iStock Editorial via Getty Images Introduction Reddit ( RDDT ) stock has underperformed the market (-41% YTD vs S&P500 +9%) — as investors turned cognizant about 1) Reddit’s slowing DAU growth (+17% DAU growth to 126.8 million in Q1 2026), 2) Competitive threats from Meta Forums cannibalizing Reddit’s users growth and engagement , alongside 3) Heavy dependence on Google for search traffic (40-50%) that could be undermined by Search AI Overviews. Nevertheless, despite the market’s pessimism, I am looking on the bright side for Reddit in 2026, as I anticipate : Higher ad loads (Reddit Max) and ad formats (Dynamic Product Ads (DPAs)), Faster ARPU expansions vs Meta, Data Licensing deals renewals with OpenAI and Anthropic after lawsuits, driving incremental revenue gains, and Potential S&P 500 inclusion factors that I have yet to see the market has priced. From a long-term perspective, I see Reddit as a scarce asset, thanks to its human user-generated content (UGC) and an authentic, community-first ecosystem, amid the AI-generated content (AIGC) era. Besides, I view Reddit as a goldmine poised for gains in advertisers' budget share, as it is uniquely positioned at the nexus of the marketing funnel's conversion layer. Users on Reddit have purchase intent, waiting for validation and conversion. This drives higher conversion efficiency for advertisers, warranting increased budget allocation. While Reddit’s valuation remains heavily discounted by the market, I see this valuation unwarranted relative to its robust growth prospects. With a FY27 forward P/E ratio of 22x and PEG of 0.46x, I believe Reddit presents an asymmetric Strong Buy below $150. Reddit’s moat against Meta’s Forum lies in subreddit user stickiness and anonymity Meta Forums (Meta) Reddit shares slumped 6% on Friday after Meta launched Forum , an iOS test app that aims to “get real answers from real people”. However, here’s the catch: To access the Forum, users have to log in with a Facebook account ...
Name: Shade wars. Age: In this instance, quite new. Appearance: A sandy battleground, studded with enormous flags. It’s been quite hot recently, hasn’t it? That’s an understatement. This has been the hottest May on record in the UK. And you know what people need most during hot weather? Better systemic heat adaptation infrastructure? I was thinking more beach shades, but I suppose that’s close eno...
Name: Shade wars. Age: In this instance, quite new. Appearance: A sandy battleground, studded with enormous flags. It’s been quite hot recently, hasn’t it? That’s an understatement. This has been the hottest May on record in the UK. And you know what people need most during hot weather? Better systemic heat adaptation infrastructure? I was thinking more beach shades, but I suppose that’s close enough. I don’t like beach shades. In my day we’d just pop a knotted hankie on our heads. Then you’d fit in beautifully on Myrtle Beach, South Carolina, where a war is raging over them. That sounds like hyperbole. Only slightly. The shades in question are made by the US brand Shibumi. They’re huge, wind-powered canopies that act like tethered kites. Oh, those sound fun. Yes, they’re easy to assemble and provide plenty of shade. At $295 (£220), they are also quite pricey. Why doesn’t Myrtle Beach like them? Because it mandates that the only shade allowed on the beach should come from more traditional parasols. But parasols are rubbish. You have to keep getting up and moving them around as the day progresses. Hey, I don’t make the rules. Apparently the main issue with Shibumis is their size, which one resident complained would create “conflicts over territory”. Is that likely? Possibly. After all, there’s nothing worse than people rocking up to a public space such as a beach and colonising it with all sorts of ungainly items. But it protects them from the sun. A beach belongs to everybody. Erecting a huge shade is greedy and selfish. Thank God this is only happening in the US. If only. There’s a similar sense of outrage growing in Australia, where people have to fight for space on beaches because everyone brings their own gazebo now. Thank God this is only happening in the US and Australia, then. Did you hear that Greece has just banned umbrellas from 251 of its beaches in a bid to reduce overtourism? Torrox in the Costa del Sol, Spain, cracked down on tents and gazebos on its b...
marchmeena29/iStock via Getty Images Intro Our most recent commentary in Enpro Inc . ( NPO ) was in October 2024, when we reiterated our 'Hold' rating in the US-based industrial technology company. 95%. Shares have tacked on an impressive 95% since that commentary, an impressive feat, given the S&P500 has returned approximately 29% over the same timeframe. Given the weakness in the Advanced Surfac...
marchmeena29/iStock via Getty Images Intro Our most recent commentary in Enpro Inc . ( NPO ) was in October 2024, when we reiterated our 'Hold' rating in the US-based industrial technology company. 95%. Shares have tacked on an impressive 95% since that commentary, an impressive feat, given the S&P500 has returned approximately 29% over the same timeframe. Given the weakness in the Advanced Surface Technologies segment and sluggish organic sales growth to boot at the time, coupled with an overextended valuation, we recommended that investors continue to hold NPO stock while using a trailing stop-loss to protect paper gains. This rating has resulted in nearly a doubling of the stock's price, which is noteworthy for the following reason. Being chartists, we believe that all known information has already been priced into NPO's share-price action on the technical charts. Suffice it to say, it is never a business's fault that the market continues to favour a certain stock, irrespective of a rising valuation or, as mentioned, weakness in the AST segment at the time. Remember, market action always remains the true 'leveller' on Wall Street, which is why it is crucial to ride established trends for as long as feasibly possible. Gains & Guidance Increase In Q1 - 2026 Except for the second quarter last year, NPO has announced consistent bottom-line beats in its quarterly earnings reports, which has kept the momentum going. In its latest Q1 report (announced 5/5/2026), the company announced normalised earnings of $2.14 a share on revenues of $303 million. Investments in the AST segment in particular, during the downtrend now seem to be paying off, as noted in Q1 numbers. Revenues rose by 11.1%, enabling a 18.5% spike in adjusted segment EBITDA for the quarter. Leading-edge precision cleaning solutions drove revenues in the quarter alongside gains in semiconductor capital equipment. The CEO pointed to a clear inflexion point in AST, which bodes well for future gains as we learn...
Micron hits $1 trillion market cap for the first time as stock surges 18% CNBC Micron’s stock soars as UBS slaps on an out-of-sight price target MarketWatch Micron Stock Hits $1 Trillion. Trump and Wall Street Unite Behind the Chip Titan. Barron's Micron Stock Gets Big Price-Target Hike, Hits Record High Investor's Business Daily Micron tops $1T as UBS raises price target to new Wall Street high o...
Micron hits $1 trillion market cap for the first time as stock surges 18% CNBC Micron’s stock soars as UBS slaps on an out-of-sight price target MarketWatch Micron Stock Hits $1 Trillion. Trump and Wall Street Unite Behind the Chip Titan. Barron's Micron Stock Gets Big Price-Target Hike, Hits Record High Investor's Business Daily Micron tops $1T as UBS raises price target to new Wall Street high on memory momentum (MU:NASDAQ) Seeking Alpha Why is Micron Technology stock surging today? Investing.com Micron Jumps 12% After Price Target Raise From $535 to $1,625: Here's What's Driving Wall Street's Most Bullish Target 24/7 Wall St. Micron maps out HBM roadmap with 2027 HBM4E debut and custom AI memory designs digitimes Is Micron Technology Stock Destined to Join the Trillion-Dollar Club This Year? The Motley Fool
Sundry Photography/iStock Editorial via Getty Images Zoom's ( ZM ) recent earnings report demonstrated momentum, particularly with artificial intelligence-powered tools, but Citi analysts also pointed out conservative guidance for the full fiscal year. Shares were down about 4% during early Tuesday market action. "Highlights included a strong 140 bps beat, positive large enterprise momentum in +10...
Sundry Photography/iStock Editorial via Getty Images Zoom's ( ZM ) recent earnings report demonstrated momentum, particularly with artificial intelligence-powered tools, but Citi analysts also pointed out conservative guidance for the full fiscal year. Shares were down about 4% during early Tuesday market action. "Highlights included a strong 140 bps beat, positive large enterprise momentum in +100K and +1M cohorts, and continued traction in Phone, Contact Center (accelerating for the second consecutive quarter), and diversified AI monetization pathways," Citi analysts said in an investor note. "AI Companion paid MAUs grew triple digits, and My Notes scaled to 1.5M users within four months of launch, and Enterprise NDR ticked up for the first time since COVID-19 to 99%. Margins beat solidly with continued internal AI efficiencies." However, Zoom's full-year guidance pointed to a possible deceleration in growth during the second half of fiscal year 2027. "For the full year, ZM raised FY27 revenue guide by $15M (30bps) at midpoint to $5.08-5.09B (4.4% YoY), though on a constant currency basis it didn't fully flow through the beat (12M beat, 8M flow through), and implies a 2H deceleration, which we view as typical conservatism from ZM for 1Q, especially with most metrics trending positive outside of Online Churn," Citi noted. "Op income guide raised to $2.065-2.075B (40.7% midpoint, ~5bps above cons) was a $15M raise reflecting the Q1 beat." Citi retained its Buy rating on the stock and nudged up its price target to $126 from $122. More on Zoom Communications Zoom Communications, Inc. 2027 Q1 - Results - Earnings Call Presentation Zoom Communications, Inc. (ZM) Q1 2027 Earnings Call Transcript Zoom Keeps Generating Cash While Growth Remains Elusive Zoom soars after Q1 results see largely bullish views from analysts Zoom projects FY 2027 revenue of $5.08B-$5.09B and authorizes an incremental $1B buyback
The Greens have decided to devote only limited resources to next month’s Makerfield byelection, the Guardian has learned, in a potentially significant boost to Andy Burnham’s chances of winning the seat. The party is instead expected to focus more on the byelection for the Greater Manchester mayoralty, which will be triggered if Burnham is returned to parliament, senior Green figures have said. Th...
The Greens have decided to devote only limited resources to next month’s Makerfield byelection, the Guardian has learned, in a potentially significant boost to Andy Burnham’s chances of winning the seat. The party is instead expected to focus more on the byelection for the Greater Manchester mayoralty, which will be triggered if Burnham is returned to parliament, senior Green figures have said. The party is fighting the Makerfield seat, having announced Sarah Wakefield as its replacement candidate for the 18 June contest, after the initial choice, Chris Kennedy stood down following revelations about social media posts. This would involve “taking the fight to Reform and asking which version of Andy Burnham is going to show up”, with a focus on the Labour candidate’s positions on areas including electoral reform and the public ownership of utilities, one senior Green said. But following a lively debate within the party, there will not be a repeat of the mass mobilisation of activists seen in February’s Gorton and Denton byelection, where the party overcame a 13,000-plus Labour majority to win the seat. While Makerfield is also in Greater Manchester, it is some distance from Gorton and Denton and demographically very different, and thus seen as a much greater challenge for the Greens to win. A number of senior party figures, including Caroline Lucas, the Greens’ first MP, and Jonathan Bartley, who co-led them with Lucas, have called for Zack Polanski, the leader of the party in England and Wales, to scale back any campaign, particularly if Burnham will commit to electoral reform. In a letter with other Green figures over the weekend, Bartley said that given it was a seat the party was unlikely to win, and a split vote on the left could help Reform UK take the constituency, should Burnham commit to proportional representation then “on this unique occasion, we don’t think Greens should run a full campaign against him.” Such views have prompted anger among some others in ...
Richard Drury/DigitalVision via Getty Images At the start of the year, I had some questions on Solstice ( SOLS ) , the latest Honeywell ( HON ) spin-off. Solstice is the former nearly $4 billion advanced materials business from Honeywell, which was spun out as a separate company in October of last year. I liked the business, yet spin-offs always come with some uncertainty and ambiguity. This often...
Richard Drury/DigitalVision via Getty Images At the start of the year, I had some questions on Solstice ( SOLS ) , the latest Honeywell ( HON ) spin-off. Solstice is the former nearly $4 billion advanced materials business from Honeywell, which was spun out as a separate company in October of last year. I liked the business, yet spin-offs always come with some uncertainty and ambiguity. This often relates to corporate cost allocation from former parent companies and new costs incurred by the stand-alone entity, often creating potential for negative surprises at the start. This is typically seen ahead of the benefits for spin-offs, namely that of focused management and control over corporate resource allocation. Solstice so far has proven naysayers wrong, supported by a solid start to the year, yet following >60% returns since the start of the year, expectations run a bit too hot for me here. Other recent M&A, spin-offs, and corporate events are discussed in greater detail at Value in Corporate Events . A Solid Start In May, Solstice reported a 10% increase in first-quarter sales to $991 million, as the contribution of growth was pretty healthy. Organic growth was reported at 8%, driven by both volume and pricing. The refrigerants & applied solutions business grew sales by 12% to $711 million, yet adjusted EBITDA was down slightly in dollar terms, with margins down a full five points to still a very healthy 34% and change. Growth is driven by refrigerants, as revenues from building solutions & intermediates came down. Highly interesting nuclear sales rose by 27% to $107 million. The fact that overall margins were coming down was attributed to a transition into refrigerants and higher R&D efforts. Electronic & specialty materials grew sales by 7% to $281 million, driven by growth in electronic materials, as EBITDA margins of 20% and change were actually up a bit on the year before. The company reported GAAP earnings of $85 million, equal to $0.53 per share, as the yea...
The first NVIDIA Vera CPU benchmarks have been released, showcasing a huge gain over Grace while outperforming the latest AMD EPYC & Intel Xeon chips. NVIDIA Vera CPU Brings An Impressive 63% Performance Bump Over Grace CPU, Challenges x86 Chips From AMD & Intel NVIDIA recently announced that its Vera CPUs were in full production, hand-delivering the first CPU racks to major AI firms such as OpenA...
The first NVIDIA Vera CPU benchmarks have been released, showcasing a huge gain over Grace while outperforming the latest AMD EPYC & Intel Xeon chips. NVIDIA Vera CPU Brings An Impressive 63% Performance Bump Over Grace CPU, Challenges x86 Chips From AMD & Intel NVIDIA recently announced that its Vera CPUs were in full production, hand-delivering the first CPU racks to major AI firms such as OpenAI, SpaceX, Anthropic, and Oracle. Vera is a fundamental component of the Extreme Co-Design ecosystem powering the Rubin platform, but with Vera, NVIDIA is entering into a new market for the first time: Standalone CPUs. Image Source: Phoronix The ARM-based CPU with 88 custom Olympus cores is all set to deliver some big upgrades, with NVIDIA promising 50% better performance, twice the performance per watt (efficiency), and four times the density per rack vs traditional x86 CPUs. It's a CPU that is purpose-built for Agentic AI and Inference domains. Image Source: Phoronix Now, the first benchmarks of NVIDIA's Vera CPU have been published by Phoronix, and they showcase a big leap in performance. In the Geomean of all test results, the NVIDIA Vera CPU with 88 Olympus cores ended up 63% faster than its predecessor, the 72-core Grace CPU. The CPU was also 10% faster than AMD's EPYC 9575F, which has a total of 64 "Zen 5" cores clocked at 5 GHz, while also beating the Intel Xeon 6980P, a 128-core chip based on the Granite Rapids family, by 55%. Image Source: Phoronix These benchmarks give us a first look at the strong performance that NVIDIA's Vera CPU has to offer, and it's more important than ever to look at NVIDIA's CPU designs since they will not only land in Vera Rubin AI systems, but will also be available in standalone models, with NVIDIA aiming to become the biggest CPU supplier in 2026. The demand for Vera is huge, and since Agentic AI loves CPUs, Vera is primed to eat a big share out of Intel and AMD server segments. At the same time, some important metrics, such as perfor...