The UK government pitched the creation of a single market for goods with the EU as the cornerstone of an ambitious attempt to reintegrate British trade back into Europe, the Guardian can reveal. During recent visits to Brussels, the Cabinet Office’s top official on EU relations, Michael Ellam, presented the idea to deepen the UK’s economic relationship with the bloc. But in a sign of the challenge...
The UK government pitched the creation of a single market for goods with the EU as the cornerstone of an ambitious attempt to reintegrate British trade back into Europe, the Guardian can reveal. During recent visits to Brussels, the Cabinet Office’s top official on EU relations, Michael Ellam, presented the idea to deepen the UK’s economic relationship with the bloc. But in a sign of the challenge Keir Starmer’s government faces in securing growth through a closer relationship with Europe, sources told the Guardian that EU officials rejected the idea – and instead suggested a customs union or economic alignment through the European Economic Area. Those ideas are impossible under Starmer’s red lines. He said in 2024 the UK would not rejoin the EU, the single market or customs union in his lifetime. The EEA – a single market of 30 mostly EU countries – would also mean accepting free movement of people, another Labour red line. UK government sources denied the idea that a single market for goods had been definitively rejected by the EU and said it was among a range of options being discussed before a summit tentatively pencilled in for 13 July. The UK and EU have not yet agreed a forward-looking agenda to be launched at the summit. Both sides hope to announce a veterinary agreement to ease trade in food, drink and animal products, an accord linking emissions trading schemes and to break the deadlock over a youth mobility programme – three deals promised at the last EU-UK summit in 2025. But Labour’s attempts to deepen the economic relationship are hitting the same buffers Theresa May encountered with her Chequers plan when she tried to craft a “common rulebook” for goods, without free movement of people, during the Brexit negotiations. EU officials want to avoid a complicated relationship with the UK that could prove an attractive model to anti-EU populists in the 27 member states. For instance, it is argued that a special deal for the UK could embolden a Eurosceptic c...
Consumer giveaways may soften the blow from the the war on Iran. But Britain’s vulnerability demands deeper state intervention and a faster transition Rachel Reeves’s announcement of a series of cost of living measures this week shows a government trying to prove it still has agency and relevance. The VAT cuts on summer attractions such as theme parks and soft-play centres, free bus rides for the ...
Consumer giveaways may soften the blow from the the war on Iran. But Britain’s vulnerability demands deeper state intervention and a faster transition Rachel Reeves’s announcement of a series of cost of living measures this week shows a government trying to prove it still has agency and relevance. The VAT cuts on summer attractions such as theme parks and soft-play centres, free bus rides for the under-16s in England and reduced import tariffs on food are politically useful, but they do not fundamentally alter the UK’s exposure to imported energy shocks. This is a mini-budget, with the emphasis on the mini. The inflationary impact of the Iran crisis, however, will be substantial. That is why the chancellor is moving into crisis-management mode with industrial resilience funds and thinly veiled threats to tax profiteers . But it is unlikely to be enough. The repercussions from the closure of the strait of Hormuz are reviving the need for more radical state fiscal intervention. Ms Reeves moved pre-emptively because the energy regulator is next week expected to announce that energy bills are likely to rise by £209 to £1,850 a year for a typical dual-fuel household from July. That is an increase of 13% on the current £1,641 annual bill. It will be a direct hit to household disposable incomes – and Labour’s central political claim that the cost of living crisis is easing on its watch. Worse may still be to come. If households absorb a summer rise in bills and then face costs rising again before winter, the government risks a return to the levels of financial anxiety felt after the Russian invasion of Ukraine. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
The award-winning Tate design at the Chelsea flower show reveals how urban spaces can be transformed by bringing art and nature together Never mind a gnome , no other garden at this year’s Chelsea flower show can boast a Barbara Hepworth sculpture like the RHS gold-award-winning Tate Britain garden . And few will have such a significant afterlife. Designed by the landscape architect Tom Stuart-Smi...
The award-winning Tate design at the Chelsea flower show reveals how urban spaces can be transformed by bringing art and nature together Never mind a gnome , no other garden at this year’s Chelsea flower show can boast a Barbara Hepworth sculpture like the RHS gold-award-winning Tate Britain garden . And few will have such a significant afterlife. Designed by the landscape architect Tom Stuart-Smith , it is a microcosm of a major redesign for the gallery’s Millbank garden, opening next spring. Visitors to Tate Britain may be forgiven for not noticing that the 1897 gallery has a garden at all. The imposing steps and portico overshadow two rectangles of lawn. But this unloved patch will be transformed into a horticultural haven. The gallery, which like many has struggled to recover visitor numbers since the pandemic, could do with a boost. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
Stephen Whittle was visiting the Chelsea flower show as a birthday treat with his wife on Thursday afternoon. At around the same time, the updated code of practice from the Equality and Human Rights Commission was published. It confirmed, amongst myriad updates, that single-sex spaces such as toilets and changing rooms must be used on the basis of biological sex, and that transgender people may no...
Stephen Whittle was visiting the Chelsea flower show as a birthday treat with his wife on Thursday afternoon. At around the same time, the updated code of practice from the Equality and Human Rights Commission was published. It confirmed, amongst myriad updates, that single-sex spaces such as toilets and changing rooms must be used on the basis of biological sex, and that transgender people may not access those that accord with their lived gender. Among the floral displays, 70-year-old Whittle did not stray from habit. “Of course I used the male facilities, as I have done for the last 50 years. Can you imagine what the guy on security would have said if I’d gone to the ladies?” Whittle, who spearheaded the campaign for gender recognition across the UK in the 1990s, has witnessed the significant advances, both legal and social, in the intervening years, and on Friday his focus was “trying to calm people down and say: ‘Stay cool; we’ll get through this’”. For many in the trans and wider LGBTQ+ community, as well as those running businesses and services, there has been a sense of limbo since the supreme court ruling on biological sex in April 2025, as they looked to the equalities watchdog to provide practical guidance on how to implement the judgment. For gender-critical groups who have campaigned specifically for the exclusion of trans women from women-only services, yesterday’s updated code was welcomed as a consolidation of last year’s court victory. But for others it prompted more questions, and for some, the guidance confirmed their worst fears. “Just watching the evening news was kind of humiliating,” says Blake, a data analyst based near Liverpool. “Having this frame of ‘where are people going to pee?’ It’s such a reduction of the problems we have in our lives, like access to healthcare, and also a real day-to-day struggle.” While still examining the 340-page code on Friday morning, Katie Russell, the chief executive and co-founder of Support After Rape and Sex...
Firms today are pushing employees to use as much AI as possible to squeeze out the technology’s productivity gains. But that pressure is leading to cracks, and those cracks may be irreparable. Microsoft has reportedly begun canceling most of its direct Claude Code licenses, according to The Verge, instead moving engineers toward using GitHub Copilot CLI. That comes just six months after the firm f...
Firms today are pushing employees to use as much AI as possible to squeeze out the technology’s productivity gains. But that pressure is leading to cracks, and those cracks may be irreparable. Microsoft has reportedly begun canceling most of its direct Claude Code licenses, according to The Verge, instead moving engineers toward using GitHub Copilot CLI. That comes just six months after the firm first opened up access to Claude Code, encouraging thousands of its developers, project managers, designers, and other employees to experiment with coding. The tech became popular fast. Perhaps too popular. The scale at which employees use it is now prompting the firm to reverse course on a tool its own engineers had come to rely on. Canceling Claude Code licenses won’t affect Microsoft’s Foundry deal, which includes investing up to $5 billion in Anthropic and giving Foundry customers access to Claude models, as well as Anthropic’s $30 billion commitment to purchase Azure compute capacity, according to The Verge. Microsoft isn’t the only company scaling back its internal AI use. Uber’s CTO Praveen Neppalli Naga told The Information in April that the firm had already burnt through its entire 2026 AI coding tools budget in just four months. That comes after the company had actively incentivized adoption through internal leaderboards ranking teams by AI tool usage. The reports may throw cold water on the bets tech’s biggest firms have placed on the technology. While some cling to the promise of an AI “renaissance” or “revolution,” the cost of adoption is proving a stubborn bottleneck. These developments also suggest that the economics of replacing or augmenting human labor with AI may be more complicated than some early forecasts originally implied. That echoes what Bryan Catanzaro, vice president of applied deep learning at Nvidia, recently said in an interview with Axios. “For my team, the cost of compute is far beyond the costs of the employees,” he said. Anthropic didn’t im...
Trading in US-listed options on Futu Holdings Ltd. and Up Fintech Holding Ltd. surged just before China’s regulator’s announcement that it planned to penalize them triggered a record share slump. Put option volume in Futu’s American Depositary Receipts jumped on Thursday to the highest level since October 2024, roughly four times the 20-day average, according to data compiled by Bloomberg. Its pee...
Trading in US-listed options on Futu Holdings Ltd. and Up Fintech Holding Ltd. surged just before China’s regulator’s announcement that it planned to penalize them triggered a record share slump. Put option volume in Futu’s American Depositary Receipts jumped on Thursday to the highest level since October 2024, roughly four times the 20-day average, according to data compiled by Bloomberg. Its peer Up Fintech, which owns Tiger Brokers, saw a similar surge. The plunge in share prices leaves investors who bought the puts sitting on huge paper profits. Take Futu $112.45 puts expiring May 22, which on Thursday traded more than 6,000 lots — the equivalent of 600,000 shares — for up to $0.90 each. Those traded as high as $31.67 each as shares slumped, for a 3,400% paper gain. Likewise, Up Fintech $5 puts expiring Friday traded as high as $1.39, after going for from $0.02-$0.06 the day before. Futu ADRs declined as much as 35%, the most since it went public in 2019, after China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows. Up Fintech dropped as much as 32%. China’s securities regulator said it planned to penalize Futu, Tiger Brokers and Long Bridge Securities Ltd. for operating on the mainland without a license. Separately, Futu said regulators proposed about $271 million in fines, while Up Fintech said it was subject to a combined 411 million yuan ($60 million) in fines and confiscated income. Read: China Launches Major Crackdown on Cross-Border Stock Trading On Thursday, five of the six most traded options in Futu were ones that would expire a day later. Contracts expiring Friday accounted for nearly 70% of total put volumes in Futu, according to Bloomberg calculations. Alongside the notable spike in put option volumes on Thursday in Futu and Up Fintech was a rise in put implied volatility for both, which is also indicative of traders buying options in anticipation of stock price weakness.
JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser.
JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser.
As an avid reader, I was excited to go through your recently published book list (100 best novels, 16 May). However, I swiftly became disillusioned at the old-fashioned and frankly elitist lens used to judge the “best”. Why were there so few modern books? Why does “best” so often seem to equate to misery? The article introducing your list (Who’s in, who’s out, and how many have you read? The story...
As an avid reader, I was excited to go through your recently published book list (100 best novels, 16 May). However, I swiftly became disillusioned at the old-fashioned and frankly elitist lens used to judge the “best”. Why were there so few modern books? Why does “best” so often seem to equate to misery? The article introducing your list (Who’s in, who’s out, and how many have you read? The story behind our 100 best novels list, 16 May) says “Never has such a list been more needed” and that “reading for pleasure is a dying pursuit”, adding “we are here to help”. But this list will not help non-readers get into reading. Who is realistically going to make the leap from non-reader straight into a lengthy tome about the people and activities relating to the longest-running case at Chancery (number 12) or to a devastating account of the failure of multiple bigamous marriages and the miserable lives they then accept as punishment (number 70)? Both are excellent books, but given the topics and language style, there’s no way that they could be considered accessible! These challenging books will not cultivate a love of reading in those who have made it to adulthood without falling in love with books. Instead, why not curate a list of the 100 best “gateway” books that might actually help them to get started and form that reading habit? Your judges may consider “popular” to be a dirty word, but we should be actively celebrating the popular books that get people hooked – the Agatha Christies and JRR Tolkiens of the world; dare I even say, the Dan Browns and the JK Rowlings? Then, and only then, might they be able to tackle your 100 most “worthy” ones. And for goodness sake, please allow at least a few in that list to have a happy ending! Sarah Steiner Croydon, London I yield to no one in my admiration of Middlemarch, and I’m not surprised that the greatest novel in world literature, Tom Jones, does not figure in the Guardian’s list of the greatest 100 novels. However, I’m disa...
As an 18-year-old who has grown up in Horden and lived on a street due to be knocked down because of a compulsory purchase order, the housing problem is a stark but unsurprising one that I’ve only seen get worse throughout my lifetime – especially after ownership of the homes went from housing associations to private landlords when I was a kid (A house for £1? What a day at a property auction taug...
As an 18-year-old who has grown up in Horden and lived on a street due to be knocked down because of a compulsory purchase order, the housing problem is a stark but unsurprising one that I’ve only seen get worse throughout my lifetime – especially after ownership of the homes went from housing associations to private landlords when I was a kid (A house for £1? What a day at a property auction taught me about the UK housing crisis, 18 May). I love where I am from so much, but it is an area crying out for change, and the amount of press attention that Horden gets shows it. I myself feel part of the problem as I am relocating to the saturated north-west to start a degree apprenticeship in Manchester – not because I wanted to move away, but I felt as if there wasn’t the same opportunity at home, although I will certainly move back. Maybe I should make clear that there is a lot to be positive about – as shown in your article about Ian McKellen’s visit to Horden to formally open a new space for the theatre company Ensemble ’84 (Ian McKellen ‘emotional’ as he opens County Durham theatre space, 17 May). As a young person I feel a responsibility to beat the drum of optimism from time to time, but I don’t see how the housing spiral in my village will end without a change in legislation instead of putting out individual fires (often literally). I see it as more than ironic, therefore, that when measuring deprivation, Horden scores as one of the lowest (least deprived) areas in the country in terms of housing, and then as one of the highest for every single other measure. I write this letter in the hope that someone with legislative power feels the urge to react, or at least have an honest conversation about how we’ve got to where we are: “Shy bairns get nowt,” as they say. Robert Lodge Horden, County Durham
Tom Clark’s analysis of our “ungovernable country” expertly diagnoses the symptoms of our political malaise but entirely bypasses the fundamental arithmetic of modern British democracy (The ungovernable country? Why Britain keeps losing prime ministers, 17 May). Democracy is, by definition, government by the consent of the governed. Yet our electoral system routinely mistakes a gaming of the syste...
Tom Clark’s analysis of our “ungovernable country” expertly diagnoses the symptoms of our political malaise but entirely bypasses the fundamental arithmetic of modern British democracy (The ungovernable country? Why Britain keeps losing prime ministers, 17 May). Democracy is, by definition, government by the consent of the governed. Yet our electoral system routinely mistakes a gaming of the system for a genuine mandate. The current Labour government entered office with a landslide of seats built upon a mere 20% of the total eligible electorate. To mistake the silence of the 40% who chose not to vote for passive compliance is a fatal error. Previous governments and prime ministers were not very different. Thanks to social media and decentralised public spaces, those who abstain from the ballot box do not abstain from politics; they now cast their vote on the competence of the state on a daily basis. The country will continue to chew through leaders and remain “ungovernable” until we adopt a system where the government actually holds the democratic consent required to govern. Dr Lalith Chandrakantha Northampton
Yes, we French people do value taste in cheeses (The French are hitting their protein goals – thanks to a cheese that looks like ectoplasm, 18 May). There is a myriad of flavours in our dairy industry, from extreme farmhouse dungy-funk to sterilised stinky plastic. But most of our industrial cheeses sit firmly in the vicinity of savoury hardened fat. So it’s no surprise that cancoillotte is making...
Yes, we French people do value taste in cheeses (The French are hitting their protein goals – thanks to a cheese that looks like ectoplasm, 18 May). There is a myriad of flavours in our dairy industry, from extreme farmhouse dungy-funk to sterilised stinky plastic. But most of our industrial cheeses sit firmly in the vicinity of savoury hardened fat. So it’s no surprise that cancoillotte is making a comeback! In Paris in my late 20s, every single night out (or in) started with an apéro dînatoire (drinks and snacks). And cancoillotte was a staple. Why? Because if you microwavay it for 30 seconds, you get a great cheese dip for chips, bread, veggies, spoons. Cheap, tasty enough and quick. And now it’s deemed healthy? I rest my case. Mel Garcon Sazeray, France Cancoillotte may be low-fat in its basic version, but at home in Franche-Comté it may be enhanced with butter, white wine, vin jaune or indeed morel mushrooms. Typically it is dolloped on to hot potatoes or smoked sausages. So worry not, there are still people in France who enjoy a hearty meal. But beware! Cancoillotte may come flavoured with garlic or cumin, but also with strawberries. Bon appétit! Harry Forster Besançon, France I can’t say that I’ve met any French people who are unable to pronounce cancoillotte, but certainly its spelling was a mystery for many until it became popular in supermarkets. In fact, in the 1980s, the word figured in one of Bernard Pivot’s dictées nationales (national televised spelling competitions in the form of a dictated passage) and was one of the words used which beat many contestants. We certainly discovered it at that time thanks to the dictée, and it became a firm favourite in our family in the four decades we lived in a Paris suburb, whether poured over hot potatoes or spread on our tartines. David Boydell Northmead, New South Wales, Australia
Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics. I’m Christine Dobby , Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about the rise and fall and rise of Sherritt, my favorite thing to do after the long weekend and CIBC’s de...
Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics. I’m Christine Dobby , Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about the rise and fall and rise of Sherritt, my favorite thing to do after the long weekend and CIBC’s defense summit. Plus: An IPO to lose sleep over. Please share this newsletter with your friends and colleagues, and if it was forwarded to you, sign up here to receive it every week. If I Had a Nickel... The Donroe Doctrine was on full display this week. As the tentacles of aggressive US foreign policy creep across the hemisphere, the target this time is a century-old Canadian mining company. Let’s walk through what just happened to Sherritt International, and what led to a proposed deal that would hand majority control of the miner to Dallas-based Gillon Capital — a family office tied to Ray Washburne, former adviser to none other than US President Donald Trump. Sherritt’s most valuable assets are in Cuba, the communist-run island that has been under a smothering US embargo for decades. Trump hit Cuba with new sanctions earlier this month and then this week, the Department of Justice indicted Raúl Castro, its former president, for murder . Sherritt saw its star rise after an audacious foray into the country in the 1990s, when Ian Delaney — the investment banker-turned mining CEO known as the “Smiling Barracuda of Bay Street” — struck a deal with Fidel Castro himself. Sherritt won mining rights in Cuba and became one of the island’s largest foreign investors, defying a US trade embargo. It was a milestone deal for the Canadian firm, as my Bloomberg colleagues Sybilla Gross, Paula Sambo and Stephen Wicary recount in this excellent read on the company’s history and future . Sherritt needed raw material to feed a key asset: a metals refinery in Alberta. The company entered into ...
George Frey/Getty Images News Generac ( GNRC ) up 7.5% in Friday's trading as Jefferies upgrades shares to Buy from Hold with a $302 price target, raised from $239, saying the manufacturer of backup power generation products is nearing a "moment of truth" in securing major hyperscaler data center contracts tied to the AI infrastructure boom. "Given the continued strong environment for data center ...
George Frey/Getty Images News Generac ( GNRC ) up 7.5% in Friday's trading as Jefferies upgrades shares to Buy from Hold with a $302 price target, raised from $239, saying the manufacturer of backup power generation products is nearing a "moment of truth" in securing major hyperscaler data center contracts tied to the AI infrastructure boom. "Given the continued strong environment for data center development, and potential indications of activity with hyperscalers, we see an asymmetric positive risk/reward setup" for Generac ( GNRC ), according to Jefferies analysts led by Tanner James. Generac ( GNRC ) proclaimed in April to be on the "one-yard line" in negotiations toward a final agreement with its first hyperscaler with a non-binding $600M notice to proceed already disclosed; "process timing can be notoriously fickle, but we feel incrementally confident in [management's] ability to convert, James says. While long-term execution in the data center market remains uncertain given entrenched competition, there are multiple potential contracts in the works, the analyst says, adding that Baudouin engines are finding their way into hyperscaler configurations, pointing to market acceptance for a product only Generac ( GNRC ) can ably scale. Finally, Generac ( GNRC ) shares are "pricing in less while potentially offering more" after correcting 12% from their post-Q1 reporting high, James says. More on Generac Generac Is A Tricky Trade Opportunity After The Positive Quarterly Report Generac Suffers Growing Backup Power Demand - AI Beneficiary At Hefty Price Generac: Strong C&I Momentum, But Residential Risk Remains
Hollie Adams/Getty Images News Uber Technologies ( UBER ) is considering options for a full takeover of Delivery Hero SE ( DELHY ) ( DLVHF ). Shares of Uber fell 1.7%, while Delivery Hero ADRs jumped 10%. The ride-hailing service disclosed a raised stake in Delivery Hero this week, and Uber ( UBER ) is now working with advisers as it evaluates ways to increase its holdings, according to a Bloomber...
Hollie Adams/Getty Images News Uber Technologies ( UBER ) is considering options for a full takeover of Delivery Hero SE ( DELHY ) ( DLVHF ). Shares of Uber fell 1.7%, while Delivery Hero ADRs jumped 10%. The ride-hailing service disclosed a raised stake in Delivery Hero this week, and Uber ( UBER ) is now working with advisers as it evaluates ways to increase its holdings, according to a Bloomberg report on Friday, which cited people familiar with the matter. Uber has also been talking to other investors in Delivery Hero ( DELHY ) about its interest in a deal. On Monday, Uber ( UBER ) disclosed it increased its stake in Delivery Hero ( DELHY ) t o ~19.5% , including 5.6% in options. Uber ( UBER ) said at the time that it does not intend to increase its stake in the company to 30% or more. Uber declined to comment to Bloomberg. Delivery Hero didn’t immediately provide a comment. Shares in Delivery Hero (DELJHY) have risen almost 50% in Frankfurt trading this year, giving the company a market cap of €10.2 billion ($11.8 billion). Uber has a market value of $150 billion. Uber ( UBER ) is set to present at the Bernstein Strategic Decisions Conference on Thursday. More on Uber, Delivery Hero SE Uber Technologies: The Orchestrator Of The Autonomous Revolution Uber Technologies: 2026 AI Budget Blown, But Margin Expansion Should Boost FCF Uber: Accelerating Flywheel With Superapp And Robotaxis Upside What’s next for Uber after Q1 earnings and its aggressive autonomous push? Uber raises stake in Delivery Hero
Extending its 19.5% rise through the first half of May, Astera Labs (ALAB +2.41%) stock is soaring this week. Investors are bidding shares of the artificial intelligence (AI) infrastructure specialist higher after a firm established a new, auspicious price target. According to data provided by S&P Global Market Intelligence, shares of Astera Labs are up 34.3% from the end of trading last Friday th...
Extending its 19.5% rise through the first half of May, Astera Labs (ALAB +2.41%) stock is soaring this week. Investors are bidding shares of the artificial intelligence (AI) infrastructure specialist higher after a firm established a new, auspicious price target. According to data provided by S&P Global Market Intelligence, shares of Astera Labs are up 34.3% from the end of trading last Friday through 11:01 a.m. ET today. One firm has a more optimistic outlook than most others do Maintaining an outperform rating on Astera Labs stock, Evercore ISI boosted its price target more than 38% to $297 from $215 on Tuesday. Based on Astera Labs stock closing at $215.58 on Monday, the new price target implied 38% upside. Expand NASDAQ : ALAB Astera Labs Today's Change ( 2.41 %) $ 7.18 Current Price $ 305.02 Key Data Points Market Cap $51B Day's Range $ 300.00 - $ 315.75 52wk Range $ 84.78 - $ 315.75 Volume 216.5K Avg Vol 5.4M Gross Margin 75.99 % According to Thefly.com, Evercore ISI based its upwardly revised price target on the belief that demand for Astera Labs' connectivity solutions is growing. Evercore ISI's optimism regarding Astera Labs stock mirrors that of several other firms. Earlier this month, for example, Barclays raised its price target to $200 from $165, and Needham lifted its price target to $260 from $220. Is it too late to pick up shares of Astera Labs? From companies specializing in AI software to those that provide the infrastructure that enables AI computing, there are a variety of options for investors interested in AI stocks. Trading today at 91 times forward earnings, Astera Labs stock is hardly inexpensive, but the company is flourishing. It recently reported record quarterly revenue of $308.4 million, a 93% year-over-year increase in Q1 2026. Those seeking a compelling AI stock with plenty of growth potential left in the tank should certainly consider Astera Labs, and not be deterred by the stock's current valuation.
Key Points Evercore ISI hiked its price target on Astera Labs stock. Several firms raised their price targets last week. 10 stocks we like better than Astera Labs › Extending its 19.5% rise through the first half of May, Astera Labs (NASDAQ: ALAB) stock is soaring this week. Investors are bidding shares of the artificial intelligence (AI) infrastructure specialist higher after a firm established a...
Key Points Evercore ISI hiked its price target on Astera Labs stock. Several firms raised their price targets last week. 10 stocks we like better than Astera Labs › Extending its 19.5% rise through the first half of May, Astera Labs (NASDAQ: ALAB) stock is soaring this week. Investors are bidding shares of the artificial intelligence (AI) infrastructure specialist higher after a firm established a new, auspicious price target. According to data provided by S&P Global Market Intelligence, shares of Astera Labs are up 34.3% from the end of trading last Friday through 11:01 a.m. ET today. 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 » One firm has a more optimistic outlook than most others do Maintaining an outperform rating on Astera Labs stock, Evercore ISI boosted its price target more than 38% to $297 from $215 on Tuesday. Based on Astera Labs stock closing at $215.58 on Monday, the new price target implied 38% upside. According to Thefly.com, Evercore ISI based its upwardly revised price target on the belief that demand for Astera Labs' connectivity solutions is growing. Evercore ISI's optimism regarding Astera Labs stock mirrors that of several other firms. Earlier this month, for example, Barclays raised its price target to $200 from $165, and Needham lifted its price target to $260 from $220. Is it too late to pick up shares of Astera Labs? From companies specializing in AI software to those that provide the infrastructure that enables AI computing, there are a variety of options for investors interested in AI stocks. Trading today at 91 times forward earnings, Astera Labs stock is hardly inexpensive, but the company is flourishing. It recently reported record quarterly revenue of $308.4 million, a 93% year-over-year increase in Q1 2026. Those seeking a compelling AI stock with plenty of gro...
Key Points Navitas is an Nvidia partner and is developing key technology for the next generation of data centers. The company is well-positioned for a significant revenue jump in 2027 as the new data centers launch. 10 stocks we like better than Navitas Semiconductor › Navitas Semiconductor (NASDAQ: NVTS) has moved away from its previous core market of power chips for mobile and consumer products ...
Key Points Navitas is an Nvidia partner and is developing key technology for the next generation of data centers. The company is well-positioned for a significant revenue jump in 2027 as the new data centers launch. 10 stocks we like better than Navitas Semiconductor › Navitas Semiconductor (NASDAQ: NVTS) has moved away from its previous core market of power chips for mobile and consumer products toward potentially more lucrative high-power markets. The latter includes AI data centers, high-performance computing, grid and energy, and electrification. It's an Nvidia (NASDAQ: NVDA) partner too, and set to play a major role in the next generation of data centers set to hit the market next year. That fact has a major role to play in the stock's 16.7% rise by 12 p.m. today. Nvidia and Navitas Semiconductor Traders like to take speculative positions in stocks around events that drive high volatility, and one such event is Nvidia's earnings this week. What Nvidia's management says about the AI data center end markets is obviously critical to Navitas, because the latter is developing power chips that are integral to the new 800V high-voltage direct current (HVDC) data centers Nvidia is building. 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 » As previously outlined, Navitas' stock soared last month as the company announced the development of its latest power delivery board, and short sellers were forced to close positions amid continued positive updates on the AI data center market. What happened this week with Nvidia The same trading conditions were replicated in a microcosm ahead of Nvidia's earnings this week. The short interest ratio (the number of days it takes to unwind short positions based on average daily trading volume) jumped from about 0.8 to more than 1.5 in the days leading up to the report,...