nicolas_/E+ via Getty Images Stocks across the semiconductor sector, ranging from memory and storage to optical names, were demonstrating weakness during Monday morning market action. Micron Technology ( MU ) and Seagate Technology ( STX ) had both dropped 4%, Western Digital ( WDC ) had declined 5%, and Sandisk ( SNDK ) had slipped 2.5%. Among semiconductor equipment manufacturers, Lam Research (...
nicolas_/E+ via Getty Images Stocks across the semiconductor sector, ranging from memory and storage to optical names, were demonstrating weakness during Monday morning market action. Micron Technology ( MU ) and Seagate Technology ( STX ) had both dropped 4%, Western Digital ( WDC ) had declined 5%, and Sandisk ( SNDK ) had slipped 2.5%. Among semiconductor equipment manufacturers, Lam Research ( LRCX ) led the declines as it was down nearly 5%. ASML ( ASML ) was down 2.7%, and KLA ( KLAC ) had slipped 3.6%. The Philadelphia Semiconductor Index ( SOX ) had declined 2.6%. It has fallen nearly 9% over the past five trading days. Optical companies, which are crucial to the semiconductor industry, were also dropping on Monday. Applied Optoelectronics ( AAOI ) was leading the decline with a 14% plunge. Coherent ( COHR ) had sunk 8.5%, Lumentum ( LITE ) had dropped 7%, and Corning ( GLW ) was down 6.5%. Credo Technology ( CRDO ) had dipped 4%. Among CPU and GPU makers, Intel ( INTC ) was down 3%, while Nvidia ( NVDA ) and AMD ( AMD ) had both declined less than 1%. Marvell Technology ( MRVL ) had dropped 5%, and Broadcom ( AVGO ) had slid 2.4%. Taiwan Semiconductor ( TSM ) was down 2.7%. Its share price has declined 14% over the past month. The drops in the chip sector stood out from the larger market, as Wall Street's major market averages mostly moved higher as investors navigated the holiday-shortened trading week with eyes focused on the Middle East conflict. The tech-focused Nasdaq Composite ( COMP:IND ) was relatively flat, the S&P 500 ( SP500 ) had inched up 0.2%, and the Dow ( DJI ) had increased by half a percent. More on Applied Optoelectronics and Micron Alphabet's Solution Is A Gift For Micron's Memory Sales Micron's Selloff Is A Setup For The Next Surge Micron: Buy This Selloff Driven By TurboQuant And Sora SA Asks: What's the best data center infrastructure stock right now? Top Nasdaq movers this week as tech stocks continue to drag down the index
(RTTNews) - After showing a strong move to the upside early in the session, stocks have given back ground over the course of the trading day on Monday. The major averages have pulled back well off their highs of the session, with the Nasdaq briefly dipping into negative territory
(RTTNews) - After showing a strong move to the upside early in the session, stocks have given back ground over the course of the trading day on Monday. The major averages have pulled back well off their highs of the session, with the Nasdaq briefly dipping into negative territory
Sanjog Mhatre/iStock via Getty Images MakeMyTrip ( MMYT ) dropped 2.4% amid a new short call from Morpheus Research. Morpheus disclosed that it's short shares of MakeMyTrip ( MMYT ). MakeMyTrip didn't immediately respond to Seeking Alpha's email request for comment. MakeMyTrip ( MMYT ) has short interest of 9.2%. More on MakeMyTrip MakeMyTrip: Structural Industry Tailwinds To Support Growth Story ...
Sanjog Mhatre/iStock via Getty Images MakeMyTrip ( MMYT ) dropped 2.4% amid a new short call from Morpheus Research. Morpheus disclosed that it's short shares of MakeMyTrip ( MMYT ). MakeMyTrip didn't immediately respond to Seeking Alpha's email request for comment. MakeMyTrip ( MMYT ) has short interest of 9.2%. More on MakeMyTrip MakeMyTrip: Structural Industry Tailwinds To Support Growth Story MakeMyTrip: Business Should Continue To Grow For A Long Time MakeMyTrip Limited 2026 Q3 - Results - Earnings Call Presentation MakeMyTrip's profit undermined by high finance costs, tax liability MakeMyTrip Non-GAAP EPS of $0.52 beats by $0.10, revenue of $295.69M misses by $10.4M
Top iron ore miner Vale SA is aiming to boost its business in India by ramping up shipments to the country and seeking to trade its ore globally, tapping into one of the world’s fastest growing steel markets. “India could be an opportunity not just for sales, but also to source iron ore, blend it and trade it — finding better markets for their product,” Commercial Executive Vice President Rogerio ...
Top iron ore miner Vale SA is aiming to boost its business in India by ramping up shipments to the country and seeking to trade its ore globally, tapping into one of the world’s fastest growing steel markets. “India could be an opportunity not just for sales, but also to source iron ore, blend it and trade it — finding better markets for their product,” Commercial Executive Vice President Rogerio Nogueira said in an interview. The world’s most populous nation has been a bright spot in the global seaborne iron ore market in recent years, with local mills ramping up steel production to cater to its infrastructure build-out and rising consumer demand. While its industry remains much smaller in scale than China’s, output in the world’s No. 1 steelmaker has plateaued. That contrast means India is a potential source of growth for Vale, as well as rivals BHP Group Ltd. and and Rio Tinto Group. While Vale sees China’s steel output declining slightly, India’s capacity should more than triple to 500 million tons by 2050, according to Nogueira. “India won’t be another China, but Vale will have a higher share,” he said. That optimistic outlook broadly tallies with near-term projections from Australia’s government. India’s steel output is forecast to hit 184 millions tons in 2027, up from 165 million last year, the Department of Industry, Science and Resources said in a recent quarterly outlook. Over the same period, China’s production was set to slip to 959 million tons from 954 million tons. The South Asian nation is also seen as one of the fastest growing markets for iron ore imports. Inbound shipments were expected to jump from just 16 million tons in 2025 to 30 million tons by 2027, the Australian projections show. And Vale sees India’s domestic steel production growing faster than iron ore, due to obstacles such as licensing, Nogueira said. The Brazilian miner aims to grow its presence in India over time, with sales expected to expand by 50% to about 15 million tons this y...
JHVEPhoto The US FDA has approved Teva Pharmaceutical Industries' ( TEVA ) Ponlimsi (denosumab-adet) , a biosimilar to Amgen's ( AMGN ) osteoporosis drug Prolia (denosumab). Prolia is Amgen's best-selling therapy, bringing in ~$4.4B in revenue in 2025. Teva also said that the FDA and the European Medicines Agency have agreed to review its biosimilar applications for Genentech ( RHHBY ) and Novarti...
JHVEPhoto The US FDA has approved Teva Pharmaceutical Industries' ( TEVA ) Ponlimsi (denosumab-adet) , a biosimilar to Amgen's ( AMGN ) osteoporosis drug Prolia (denosumab). Prolia is Amgen's best-selling therapy, bringing in ~$4.4B in revenue in 2025. Teva also said that the FDA and the European Medicines Agency have agreed to review its biosimilar applications for Genentech ( RHHBY ) and Novartis' ( NVS ) Xolair (omalizumab), which is used to treat conditions including asthma and chronic rhinosinusitis with nasal polyps. In 2025, Roche, Genentech's parent company, reported ~$3.8B in Xolair sales, while Novartis reported its share as $~1.7B. More on Teva Pharmaceutical Teva: Shedding The Generics Skin To Reveal A Fairly Priced, Branded Powerhouse Teva Pharmaceutical Industries Limited (TEVA) Presents at Barclays 28th Annual Global Healthcare Conference Transcript Teva Pharmaceutical Industries Limited (TEVA) Presents at Leerink Global Healthcare Conference 2026 Transcript Generic drug suppliers could face pressure from Strait of Hormuz closure FDA issues draft guidance to relax testing rules to encourage biosimilar drugs
VivoSim ( VIVS ) plans a best-efforts public offering of up to $4M in common stock or pre-funded warrants, plus warrants tied to up to $15M in shares. Each unit includes a share or pre-funded warrant and a warrant to buy 1.5 shares, priced at an assumed $1.69 per unit. Common warrants are immediately exercisable, expire in five years, and include anti-dilution price protection with a $0.01 floor. ...
VivoSim ( VIVS ) plans a best-efforts public offering of up to $4M in common stock or pre-funded warrants, plus warrants tied to up to $15M in shares. Each unit includes a share or pre-funded warrant and a warrant to buy 1.5 shares, priced at an assumed $1.69 per unit. Common warrants are immediately exercisable, expire in five years, and include anti-dilution price protection with a $0.01 floor. The offering includes two tranches: $3M initial and $1M second tranche subject to stock price and liquidity conditions. Pre-funded warrants are offered to investors to avoid exceeding 4.99% or 9.99% ownership limits. Total potential dilution includes millions of shares underlying warrants and pre-funded instruments. More on Organovo Holdings Financial information for Organovo Holdings
By Karen Roman A majority of institutions incorporate AI as part of their main business functions, yet many boards do not have formal oversight structures for AI governance, according to a governance framework paper published on research platform SSRN. The paper proposed a practical approach to support boards on AI management that includes the STAR […] The post AI Governance for Boards: A Framewor...
By Karen Roman A majority of institutions incorporate AI as part of their main business functions, yet many boards do not have formal oversight structures for AI governance, according to a governance framework paper published on research platform SSRN. The paper proposed a practical approach to support boards on AI management that includes the STAR […] The post AI Governance for Boards: A Framework by Robert Maciejko appeared first on CorpGov.
Bill Ackman, founder and CEO of Pershing Square Capital Management, attends the Milken Conference 2025 in Beverly Hills, California, U.S., May 6, 2025. Mike Blake | Reuters Billionaire investor Bill Ackman said the current market dislocation has created one of the most attractive entry points for high-quality companies in years, urging investors to look past macro fears and lean into what he sees ...
Bill Ackman, founder and CEO of Pershing Square Capital Management, attends the Milken Conference 2025 in Beverly Hills, California, U.S., May 6, 2025. Mike Blake | Reuters Billionaire investor Bill Ackman said the current market dislocation has created one of the most attractive entry points for high-quality companies in years, urging investors to look past macro fears and lean into what he sees as deeply discounted opportunities. "Some of the highest quality businesses in the world are trading at extremely cheap prices," Ackman wrote in a post on X late Sunday. "One of the best times in a long time to buy quality. Ignore the bears." The founder of Pershing Square Capital Management pointed to what he described as a highly asymmetric setup in select names, singling out U.S. mortgage giants Fannie Mae and Freddie Mac as "stupidly cheap," with the potential to deliver outsized returns in a relatively short period. Ackman's bullish stance comes at a time when markets have been rattled by rising energy prices, sticky inflation concerns and shifting expectations around Federal Reserve policy. The recent bout of volatility has pushed valuations lower across a range of sectors, even as economic uncertainty continues to cloud the outlook. "One of the most one-sided wars in history that will end well for the U.S. and the world. And we have the potential for a large peace dividend," Ackman wrote. President Donald Trump offered investors hope that an end to the war against Iran is drawing near. While the president added that "great progress has been made," he also said that if a peace deal is not reached "shortly" and the Strait of Hormuz is not "immediately" reopened, the U.S. would attack key Iranian energy infrastructure. Pershing Square Holdings, the firm's London-listed closed-end fund, is down 19% year to date as of last Tuesday, its website showed. Earlier this month, Pershing Square filed to list on the New York Stock Exchange under the ticker "PS," a move that would ...
After a seven-hour drive to a trading post in northern Philippines, 35-year-old farmer Elmer Ullani took home nothing but an empty petrol tank even after selling 10 tonnes of cabbage. Ullani, who hails from the northern town of Tinoc in Ifugao province, said he only managed to sell his produce – yielded over three harvest rounds – at a paltry rate of 8 to 9 pesos (15 US cents) per kilogram, earnin...
After a seven-hour drive to a trading post in northern Philippines, 35-year-old farmer Elmer Ullani took home nothing but an empty petrol tank even after selling 10 tonnes of cabbage. Ullani, who hails from the northern town of Tinoc in Ifugao province, said he only managed to sell his produce – yielded over three harvest rounds – at a paltry rate of 8 to 9 pesos (15 US cents) per kilogram, earning him a total of 90,000 pesos (US$1,482). All of his earnings went towards covering his fuel...
monsitj/iStock via Getty Images I am a risk manager first. I frankly do not care how much I can make if it means I have a significant chance of losing big along the way. If it is a choice of “go big or go home,” I’ll see you at home. However, I firmly believe that attitude does NOT prevent the pursuit of long-term returns. That’s been my experience operating this way for decades. Prioritizing risk...
monsitj/iStock via Getty Images I am a risk manager first. I frankly do not care how much I can make if it means I have a significant chance of losing big along the way. If it is a choice of “go big or go home,” I’ll see you at home. However, I firmly believe that attitude does NOT prevent the pursuit of long-term returns. That’s been my experience operating this way for decades. Prioritizing risk management is also not about making constant bets about whether I should be in the market or out. I’m always in and out, so to speak. I call it “playing offense and defense at the same time. And depending on which of my accounts I’m talking about, that can take the form of: A 2-ETF portfolio (SPY and BIL only), rotating among them so that the total allocation equals 100%. Frankly, that type of simplicity, as I’ve written about before and will again soon, is proving to be much more competitive with all the most aggressive strategies than anyone (including me) would have thought. A 3-ETF portfolio (SPY, VIXY, BIL) in which I go beyond the long stocks plus cash setup above and allow myself a small allocation to VIXY, or a similar volatility ETF. Markets can shift gears as fast as a social post now. So to have a “disaster” insurance vehicle in there at all times, even if it is just 1-2% of the portfolio much of the time, can be a game-changer. A 10-ETF portfolio, but where the basket of 10 ETFs is “permanent.” That means I aim not to change them very much. But I own all 10 all the time, just with preset upper, lower, and “neutral” limits. I wrote about this recently, and it was about my most popular article ever on this site. So I get the idea that the concept is well-received. Option collars: I wrote a lot about these during early 2025, and I’m warming up to them again, since high volatility helps the cause here. SPY is something I collar regularly, though more and more, I see “alpha” potential by, for example, owning 100 shares, selling 1 call option (or maybe none), and buy...
The world is bracing for an aluminium supply shock after two major Middle Eastern smelters were damaged in Iranian attacks over the weekend, a disruption likely to push more production to China in the near term and potentially for years to come, analysts said. Emirates Global Aluminium (EGA), a leading regional producer, reported “significant damage” at its Abu Dhabi site following strikes by Iran...
The world is bracing for an aluminium supply shock after two major Middle Eastern smelters were damaged in Iranian attacks over the weekend, a disruption likely to push more production to China in the near term and potentially for years to come, analysts said. Emirates Global Aluminium (EGA), a leading regional producer, reported “significant damage” at its Abu Dhabi site following strikes by Iranian missiles and drones, while Aluminium Bahrain said it was assessing the extent of damage at its...
The expansion of this summer’s 48-team tournament mean Tuesday’s games will be the best we see until the round of 16 Sign up for Soccer with Jonathan Wilson here Live in a World Cup host city? Tell us your stories There is always a slightly odd rhythm to the World Cup. The final round of qualifying games is almost invariably more exciting than the early games at the tournament itself, and now with...
The expansion of this summer’s 48-team tournament mean Tuesday’s games will be the best we see until the round of 16 Sign up for Soccer with Jonathan Wilson here Live in a World Cup host city? Tell us your stories There is always a slightly odd rhythm to the World Cup. The final round of qualifying games is almost invariably more exciting than the early games at the tournament itself, and now with 32 teams making it through the group stage and into the knockout rounds, that is likely to be even more true for the 2026 edition. Those final qualifiers in November were thrilling and meaningful – Troy Parrott’s hat-trick ! Scotland scoring two absurdly good goals in the same game! DR Congo beating Nigeria on penalties as bottles rained down from the stands! Honduras failing to score against Costa Rica! – and Tuesday will be too as 12 teams battle for the six remaining slots. But for those not involved in World Cup playoffs, there is an unsatisfying phoniness to the friendlies they must play instead, with experimental line-ups and weary players going through glorified training exercises. While it’s never good to be letting in five goals, neither the USA nor Ghana should be too concerned about the defeats to Belgium or Austria. Continue reading...
EschCollection/DigitalVision via Getty Images Introduction In my view, Jack Henry & Associates, Inc. ( JKHY ) today is not a growth story anymore; it's becoming a stable infrastructure company whose current valuation already reflects quality, though it doesn't leave much room for further growth. Jack Henry & Associates is currently demonstrating solid operational momentum, which is backed by the 2...
EschCollection/DigitalVision via Getty Images Introduction In my view, Jack Henry & Associates, Inc. ( JKHY ) today is not a growth story anymore; it's becoming a stable infrastructure company whose current valuation already reflects quality, though it doesn't leave much room for further growth. Jack Henry & Associates is currently demonstrating solid operational momentum, which is backed by the 2026 Q2 results. The company’s revenues reached $619.3 million, which is 7.9% growth compared to last year, and the earnings per share jumped 28.6% to $1.72. The most important achievement is the operating margin expansion to 25.7%, compared to 21.4% last year, achieved due to strict cost savings control and higher deconversion tax revenues. Even though the company increased the full-year 2026 EPS forecast to the $6.61-6.72 range, investors need to value JKHY through a consistent growth prism: the expected revenue growth is reaching around 6%. The current P/E ratio is around 24, which is lower than the recorded P/E of around 31 at the end of 2024, though it still remains higher than the diversified financial services sector average of 17.6. The cloud services segment , making up 33% of the revenues, grew 8%, which shows a successful client migration, though the bank sector's consolidation in the US remains a structural risk, which could limit the number of new contracts in the long term. The payment segment , which is generating 37.5% of revenues, also had a growth of 8%, where volume growth is rapid in the instant payments area (Zelle, RTP, FedNow). The debt level was significantly reduced to $20 million, compared to $150 million last year, which strengthened the balance sheet and decreased interest costs. P/B ratio is at 5.00, which suggests a high market premium for the company's intellectual property and stable cash flows. A 1.55% dividend yield and 35% payout ratio show a sustainable but conservative capital return policy, which is oriented to technological renewal rath...