Arm Holdings (ARM) shares rallied on Wednesday after Bernstein initiated coverage on the British chip designer with an “Outperform” rating and a rather bold $300 price target. The upward momentum drove ARM’s relative strength index (RSI) into the late 60s, signaling the stock is now approaching overbought territory, which often triggers a near-term pullback. Arm stock’s performance in 2026 has bee...
Arm Holdings (ARM) shares rallied on Wednesday after Bernstein initiated coverage on the British chip designer with an “Outperform” rating and a rather bold $300 price target. The upward momentum drove ARM’s relative strength index (RSI) into the late 60s, signaling the stock is now approaching overbought territory, which often triggers a near-term pullback. Arm stock’s performance in 2026 has been nothing short of blockbuster. As of writing, it’s trading up more than 120% year-to-date. What Prompted the Bullish Note on Arm Stock? Bernstein analyst David Dai framed Arm as being at the center of a CPU renaissance, arguing that the structural transition from traditional LLMs to fully autonomous AI agents requires dramatically higher localized computing intelligence that plays directly into Arm’s architectural strengths. The company’s quarterly results provided the fundamental catalyst for this rerating. Arm reported $1.49 billion in revenue, with licensing sales growing 29% year-over-year. Most importantly, data center royalty revenue more than doubled year over year, underscoring its successful penetration into the lucrative server market – and making ARM shares more attractive to own in 2026. Here’s Why ARM Shares Aren’t Out of Juice Just Yet The bull case on Arm shares centers on the company’s transition from a pure intellectual property licensor into what Dai characterizes as an indispensable component of the hyperscaler ecosystem. Major cloud providers, including Alphabet's (GOOG) (GOOGL) Google, Microsoft (MSFT), and Meta Platforms (META), are consistently choosing custom Arm-based silicon over traditional x86 architecture to optimize thermal efficiency as well as computing density. Arm’s launch of its own AGI processor for data centers has transformed the narrative from royalty collector to artificial intelligence infrastructure principal. Customer commitments for that CPU jumped from $1 billion to over $2 billion across fiscal years 2027 and 2028 in just six w...
Google co-founder Sergey Brin is continuing to push deeper into California politics by donating to a group that opposes a proposed tax hike on businesses with highly-paid executives in San Francisco. The $500,000 check is a paltry sum for one of the world’s richest people with a net worth of $304.5 billion, according to the Bloomberg Billionaires Index . But it signals Brin’s desires to shape the ...
Google co-founder Sergey Brin is continuing to push deeper into California politics by donating to a group that opposes a proposed tax hike on businesses with highly-paid executives in San Francisco. The $500,000 check is a paltry sum for one of the world’s richest people with a net worth of $304.5 billion, according to the Bloomberg Billionaires Index . But it signals Brin’s desires to shape the state beyond fighting a proposed tax on billionaires and is an early foray into city-level politics. The donation, reported in a filing on Wednesday, is to oppose a proposal that would levy a higher tax on companies that have “overpaid” chief executives that’s being put before San Francisco voters in June. The union-backed proposal would impose an eight-fold increase to a gross-receipts tax on any large company doing business in San Francisco where the highest paid executive earns 100 times or more than their median employee. The measure could generate additional revenue of $250 million to $300 million to the city, according to the city controller’s analysis . It has met opposition from deep-pocketed billionaires like Ripple Labs’ Chris Larsen who warn it could drive companies out of the city and undo efforts to make it more business-friendly. Read more: San Francisco Billionaire Punches Back Against ‘Overpaid’ CEO Tax Brin so far has spent more than $60 million in state politics this year and has been instrumental in rallying a cohort of like-minded tech billionaires. Ultrawealthy donors have spent more than $270 million into state’s politics this election cycle, according to a Bloomberg analysis. Brin recently started a new nonprofit, Compass4, to direct some of his giving. The $500,000 donation against the San Francisco ballot item came through that organization, according to the filing . A representative for Brin did not respond to a request for comment. While much of Brin’s money has been directed to measures to counter a proposed billionaires’ tax, the state “has some...
Where would you like your statue, Mr Emery? Even before this emphatic triumph, Aston Villa supporters could hardly have held their manager in greater esteem. But now Emery, in winning the competition for a record fifth time, has delivered the thing he always wanted, a trophy to show for his transformative body of work. Those who were not around for Rotterdam in 1982 will always cherish Istanbul in...
Where would you like your statue, Mr Emery? Even before this emphatic triumph, Aston Villa supporters could hardly have held their manager in greater esteem. But now Emery, in winning the competition for a record fifth time, has delivered the thing he always wanted, a trophy to show for his transformative body of work. Those who were not around for Rotterdam in 1982 will always cherish Istanbul in 2026. Thomas Tuchel had it right a few years ago when he suggested Uefa may as well rename the Europa League the Unai Emery trophy. Just like 82, it was Villa in white against German opponents in red, this time Freiburg and Youri Tielemans, Emi Buendía and Morgan Rogers the goalscorers. All three goals were sparkling, Tielemans and Buendía scoring beauties to put Villa in the box seat, before Rogers got in on the act. It felt like a procession from the moment Buendía curled a left-foot peach into the top corner with the final kick of the first half and, as a contest, it was a non-event from the moment Rogers struck. Mind you, try telling that to the Villa faithful Continue reading...
(Bloomberg) -- Nvidia Corp., the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge. Most Read from Bloomberg Sales in the three months ending in July will be about $91 billion, the company said in a statement late Wednesday. Though analysts estimated $87 billion on average, projectio...
(Bloomberg) -- Nvidia Corp., the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge. Most Read from Bloomberg Sales in the three months ending in July will be about $91 billion, the company said in a statement late Wednesday. Though analysts estimated $87 billion on average, projections ranged as high as $96 billion, according to data compiled by Bloomberg. Nvidia also dialed up its shareholder rewards, with the company increasing its quarterly dividend to 25 cents a share from a penny. And the chipmaker announced $80 billion in stock repurchases. The outlook let down investors who have grown accustomed to Nvidia shattering expectations. The company also is facing the first major challenges to its dominance in AI computing, with a variety of chipmakers trying to carve out a piece of the business. “Nvidia delivered another beat, but at this point that’s essentially priced in as it keeps beating quarter after quarter,” Emarketer analyst Jacob Bourne said in a note. “The lingering question is whether it can convince investors the AI build-out has durability into 2027 and 2028.” Nvidia shares fell less than 1% in late trading after the results were released. They had gained 20% this year, a performance that outpaced the S&P 500 but lagged most major chip peers. Nvidia is the top seller of so-called AI accelerators, chips used to develop artificial intelligence models. But it faces growing competition from across Silicon Valley. Advanced Micro Devices Inc. has rival processors, and Broadcom Inc. and Alphabet Inc.’s Google are attacking the market with their own technology. For now, Nvidia has an enviable position — with Wall Street predicting that the company’s revenue will account for more than a third of the entire semiconductor sector’s sales this year. Chief Executive Officer Jensen Huang has stuck to his assertions that Nvidia will continue to deliver u...
00:00 Speaker A I I think overall the results were as you would have been expected. I mean, it was a a nice beat and night a raise for the the uh the July quarter. Um it'll be interesting to kind of see what Jensen has to say about the the launch of uh Vera Rubin, clearly for the July quarter and to what extent, if any of it is thrown into the guidance there. Uh as far as kind of the the reaction ...
00:00 Speaker A I I think overall the results were as you would have been expected. I mean, it was a a nice beat and night a raise for the the uh the July quarter. Um it'll be interesting to kind of see what Jensen has to say about the the launch of uh Vera Rubin, clearly for the July quarter and to what extent, if any of it is thrown into the guidance there. Uh as far as kind of the the reaction to the to the numbers, I mean, listen, this is a a name that had performed pretty well over the last couple of weeks, not as well as maybe the rest of the chip industry, but that's also should be expected just given the size of this company. But I think most importantly for, you know, the the numbers here is the fact that hey, listen, everything remains intact as far as this AI infrastructure builders is concerned and um you know, we're we're kind of running slightly ahead of expected. 00:54 Speaker B Their forecast is pretty much in line with expectations, but also well above what initially was anticipated in the prior of outlook that the company had provided. We're now seeing about $91 billion in revenue expected for fiscal 2027. What do you make of this support? What do you make of the guidance that the company put out? 01:17 Speaker C Well, the guidance is stronger than expectations. However, people usually, the buy side expects ahead of that, right? So this is why you're not seeing the stock react significantly to the upside. To Angelo's point, I think the report is very solid. It proves that everything is on track. We are going to be looking to hear more about Vera Rubin and specifically for us, Vera itself, the CPU is going to be a very important driver. If that can add several billion dollars of revenue in the second half, that would be an incremental positive to the street expectations. 01:54 Speaker D Dell and Nvidia together announced they had achieved over 5,000 enterprises that had purchased GPU equipped servers. So to me, that's a sign that this technology, wh...
Operating expenses declined 66% sequentially GAAP net loss primarily reflected non-cash goodwill impairment; non-GAAP net loss narrowed to $0.3 million Company strengthens platform through asset-light operations, contracted sublease income and recently launched AI infrastructure strategy RANCHO CUCAMONGA, Calif., May 20, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”...
Operating expenses declined 66% sequentially GAAP net loss primarily reflected non-cash goodwill impairment; non-GAAP net loss narrowed to $0.3 million Company strengthens platform through asset-light operations, contracted sublease income and recently launched AI infrastructure strategy RANCHO CUCAMONGA, Calif., May 20, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a technology- and data-driven company operating at the intersection of supply chain, infrastructure and digital assets, today reported financial results for its fiscal third quarter ended March 31, 2026. Fiscal third quarter results reflected continued progress in iPower’s strategic operating reset following the divestiture of Global Product Marketing Inc. and the Company’s transition toward a leaner, more asset-light operating model. For the fiscal third quarter of 2026, revenue from continuing operations was $3.5 million, gross profit was $0.8 million, and gross margin was 21.6%. Total operating expenses declined to $1.9 million, compared with $5.6 million in the fiscal second quarter of 2026 and $7.2 million in the prior-year quarter. GAAP net loss attributable to iPower was $(3.5) million, or $(2.38) per basic share for the quarter. The GAAP net loss was primarily driven by a $3.0 million non-cash goodwill impairment, which fully eliminated the Company’s remaining goodwill balance. The impairment did not impact the Company’s cash position or operating cash flows. Excluding this impairment and other non-cash or non-operating items, non-GAAP net loss attributable to iPower was $(0.3) million, or $(0.18) per share, compared with non-GAAP net loss of $(0.7) million, or $(0.70) per share, in the prior-year quarter. “Fiscal Q3 demonstrates that our operating reset is taking hold,” said Lawrence Tan, Chief Executive Officer of iPower. “We significantly reduced our operating cost structure, improved working-capital discipline, and narrowed our non-GAAP loss, despite a smalle...
Exchange-traded funds are fundamentally reshaping how capital is allocated, skyrocketing to a $22 trillion global industry that Bloomberg Intelligence estimates will surpass $50 trillion by 2035. Investors no longer view them simply as vehicles for broad passive exposure. Instead, ETFs have evolved into portfolio “Lego blocks” used to manage cash yields, seek downside protection and access previou...
Exchange-traded funds are fundamentally reshaping how capital is allocated, skyrocketing to a $22 trillion global industry that Bloomberg Intelligence estimates will surpass $50 trillion by 2035. Investors no longer view them simply as vehicles for broad passive exposure. Instead, ETFs have evolved into portfolio “Lego blocks” used to manage cash yields, seek downside protection and access previously difficult asset classes such as Bitcoin. This intersection of ETFs and digital assets is also dr
The nuclear energy market cooled for roughly a decade after the Fukushima disaster in 2011, prompting many countries to pause their nuclear projects. But over the past few years, new decarbonization initiatives, safer nuclear reactors, and the expansion of the AI, cloud, and data center markets have driven more companies to restart their nuclear energy projects. According to the International Ener...
The nuclear energy market cooled for roughly a decade after the Fukushima disaster in 2011, prompting many countries to pause their nuclear projects. But over the past few years, new decarbonization initiatives, safer nuclear reactors, and the expansion of the AI, cloud, and data center markets have driven more companies to restart their nuclear energy projects. According to the International Energy Agency (IEA), the world's nuclear capacity could increase by more than 50% from 2025 to 2050. To capitalize on that trend, investors should look for nuclear companies that control crucial parts of the global nuclear energy supply chain. Two of those companies are Cameco (CCJ +0.48%) and BWX Technologies (BWXT +2.70%). Cameco Cameco, which mined roughly 15% of the world's uranium in 2025, is the world's second-largest uranium miner after Kazatomprom, Kazakhstan's national atomic company. It's based in Canada, and it operates mines across Canada, the U.S., and Kazakhstan. Expand NYSE : CCJ Cameco Today's Change ( 0.48 %) $ 0.50 Current Price $ 104.02 Key Data Points Market Cap $45B Day's Range $ 103.30 - $ 106.15 52wk Range $ 51.70 - $ 135.24 Volume 2.4M Avg Vol 3.4M Gross Margin 27.44 % Dividend Yield 0.17 % Cameco struggled for years after the Fukushima disaster in 2011. Uranium's spot price plunged from $62.25 per pound in 2011 to $35.00 in 2020, forcing Cameco to temporarily shut down its largest mines and mills. That reduced production throttled its revenue growth. But by the end of this April, uranium's spot price had bounced back to $86.35 per pound. Citi analysts expect it to rise as high as $125 per pound this year, as the resurgent interest in nuclear energy drives the demand for uranium to outstrip its supply. Cameco restarted its mines and mills to meet that soaring demand, but its supply remains tight. Cameco also partnered with Brookfield Asset Management to acquire Westinghouse Electric, one of the world's leading nuclear technology companies, in 2023. That ...
SANTA MONICA, Calif., May 20, 2026--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) announced today that Luke Wood, former President of Beats by Dr. Dre and Vice President at Apple Inc., has been appointed to the company’s board of directors, effective as of May 20, 2026. "We are excited to welcome Luke to Snap’s board," said Evan Spiegel, co-founder and Chief Executive Officer of Snap Inc. "Luke has help...
SANTA MONICA, Calif., May 20, 2026--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) announced today that Luke Wood, former President of Beats by Dr. Dre and Vice President at Apple Inc., has been appointed to the company’s board of directors, effective as of May 20, 2026. "We are excited to welcome Luke to Snap’s board," said Evan Spiegel, co-founder and Chief Executive Officer of Snap Inc. "Luke has helped build and scale iconic products and brands at the intersection of technology and culture, and we look forward to benefiting from his insights." "Luke’s creative and operating experience will bring a valuable perspective to our board," said Michael Lynton, Chairperson of the board of directors of Snap Inc. "We are pleased to welcome him and look forward to his contributions in the years ahead." "I’m thrilled to join Snap’s board at such an exciting time for the company," said Wood. "Snap has a strong track record of innovation, and I look forward to working with Evan, Michael, and the other directors." Mr. Wood, age 57, is a co-founder and has served as Chief Executive Officer of Violet St Holdings, LLC since September 2022. From August 2014 to April 2020, Mr. Wood served as President of Beats by Dr. Dre and as a Vice President at Apple Inc. following Apple’s acquisition of Beats. Prior to that, he served as President of Beats by Dr. Dre from February 2011 to August 2014. Earlier in his career, Mr. Wood held various leadership positions at Interscope Geffen A&M and imprint DGC Records. Mr. Wood currently serves as a member of the board of directors of Fender Musical Instruments Corp. He holds a B.A. in American Studies from Wesleyan University. About Snap Inc. Snap Inc. is a technology company. We believe the camera presents the greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. For more information, visit snap.com...
北京綠電交易規模首次超過火電 佔總量逾六成 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】北京今年首四個月綠色電力交易規模首次超過煤炭、石油等火力發電，佔總量超過六成。 首都電力交易中心副總經理王立：「今年以來，...
北京綠電交易規模首次超過火電 佔總量逾六成 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】北京今年首四個月綠色電力交易規模首次超過煤炭、石油等火力發電，佔總量超過六成。 首都電力交易中心副總經理王立：「今年以來，我們根據企業實際需要把綠電交易周期大幅縮短。多年期的可以按月交易，跨省區的最長十天一次，京津唐地區按周就能辦理。企業用綠電短時間能買到，交易越來越靈活。」 北京1月至4月綠色電力市場化交易達到188億千瓦時，增長超過八成，佔交易總量的六成三，是首次交易規模超過火電。絕大部分的綠電來自新疆、西藏、山西等14個省區。當局指會持續將外省的綠電輸入北京，推動綠電向產業園區、數據中心等重點領域拓展。
佛誕｜運輸署督導交通營辦商加強服務 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】運輸署表示，佛誕假期前後預計有大量市民、訪港旅客及跨境車輛使用各陸路口岸，已督導各交通營辦商加強服務。 港鐵會在不同時段因應乘客需...
佛誕｜運輸署督導交通營辦商加強服務 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】運輸署表示，佛誕假期前後預計有大量市民、訪港旅客及跨境車輛使用各陸路口岸，已督導各交通營辦商加強服務。 港鐵會在不同時段因應乘客需求加強東鐵綫來往金鐘至羅湖／落馬洲站的列車服務，高鐵香港段明日至下周一每日加開臨時列車車次往來香港西九龍站及指定內地站點，金巴及皇巴亦會加強服務。
Semiconductor-chip stocks have surged over the past month and a half. We queried investment pros on whether the group has gotten over its proverbial skis.
Semiconductor-chip stocks have surged over the past month and a half. We queried investment pros on whether the group has gotten over its proverbial skis.
Justin Sullivan/Getty Images News Wall Street’s major market averages closed higher on Wednesday as optimism surrounding a potential U.S.-Iran negotiation has been floated, all while traders awaited Nvidia ( NVDA ) earnings. The blue chip Dow ( DJI ) ended +1.3%, the benchmark S&P 500 ( SP500 ) closed +1%, and the tech-focused Nasdaq Composite ( COMP:IND ) finished +1.5%. Now, here are the three s...
Justin Sullivan/Getty Images News Wall Street’s major market averages closed higher on Wednesday as optimism surrounding a potential U.S.-Iran negotiation has been floated, all while traders awaited Nvidia ( NVDA ) earnings. The blue chip Dow ( DJI ) ended +1.3%, the benchmark S&P 500 ( SP500 ) closed +1%, and the tech-focused Nasdaq Composite ( COMP:IND ) finished +1.5%. Now, here are the three stocks to watch on Wednesday after hours: Nvidia ( NVDA ) shares fell fractionally in extended trading after the semiconductor giant posted fiscal first-quarter results and guidance that topped Wall Street's estimates. For the period ending April 26, the Jensen Huang-led company earned an adjusted $1.87 per share as revenue soared 85% year-over-year to come in at $81.61B. Intuit ( INTU ) stock slumped 11% as the tax preparation, credit tracking, and marketing software firm delivered better-than-expected fiscal Q3 earnings and boosted its full-year guidance. Shares of e.l.f. Beauty ( ELF ) were grinding higher as the company reported better-than-expected first-quarter results but set full-year guidance below Wall Street’s expectations and swung to a loss for the quarter on an unadjusted basis due to foreign exchange fluctuations. More on Nvidia, Intuit, etc. Wall Street Lunch: Intuit Cuts 3,000 Jobs Ahead Of Q3 Results Nvidia Technical: Potential Mean Reversion Decline Below 236.54 As Earnings Loom Wall Street Lunch: Ex-OpenAI Researcher's Fund Shorts Nvidia, AI Chip Stocks Nvidia slips as Q1 results, guidance top estimates; adds $80B share buyback e.l.f. Beauty beats FQ4 expectations but sets FY27 outlook below street view - update
南韓三星電子勞資達成初步協議 工會暫緩罷工 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】南韓三星電子勞資雙方就獎金分配達成初步協議，工會暫緩罷工。 三星電子工會原定今天開始罷工18日，勞資雙方政府斡旋下，昨晚在...
南韓三星電子勞資達成初步協議 工會暫緩罷工 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】南韓三星電子勞資雙方就獎金分配達成初步協議，工會暫緩罷工。 三星電子工會原定今天開始罷工18日，勞資雙方政府斡旋下，昨晚在工會開始罷工前最後一刻達成初步共識。三星電子同意維持現有年終獎金，另撥10.5%利潤作為半導體特別績效獎金。員工個人有望獲最高約6億韓圜，折合逾300萬港元，工會成員將就初步協議方案投票。
Nvidia reported an earnings and revenue beat on Wednesday, but the stock was still in negative territory heading into the company's conference call with investors, which is scheduled to start at 5 p.m.
Nvidia reported an earnings and revenue beat on Wednesday, but the stock was still in negative territory heading into the company's conference call with investors, which is scheduled to start at 5 p.m.
July WTI crude oil (CLN26) on Wednesday closed down -5.89 (-5.66%), and July RBOB gasoline (RBN26) closed down -0.1911 (-5.35%). Crude oil and gasoline prices plunged on Wednesday, with gasoline falling to a 1.5-week low. Crude price plummeted on Wednesday after President Trump said the US is in the "final stages" with Iran, bolstering speculation that crude supplies will soon start flowing out of...
July WTI crude oil (CLN26) on Wednesday closed down -5.89 (-5.66%), and July RBOB gasoline (RBN26) closed down -0.1911 (-5.35%). Crude oil and gasoline prices plunged on Wednesday, with gasoline falling to a 1.5-week low. Crude price plummeted on Wednesday after President Trump said the US is in the "final stages" with Iran, bolstering speculation that crude supplies will soon start flowing out of the Strait of Hormuz. Crude prices remained sharply lower on a mixed weekly EIA inventory report. Crude prices sank on Wednesday in hopes that a peace deal to end the US-Iran war is near, which could soon reopen the Strait of Hormuz. President Trump said on Wednesday that the US is in the "final stages" of talks with Iran. On Tuesday, Mr. Trump said that Iran is "being reasonable" and that he will "maybe" give them until early next week to make a peace deal. Don’t Miss a Day: Also weighing on crude prices is the discussion among NATO members of escorting ships through the Strait of Hormuz should the route be closed after early July, which could return some crude supplies to theglobal market Ramped-up geopolitical tensions are supportive for crude prices after Reuters reported Monday that Pakistan has deployed 8,000 troops, a squadron of fighter jets, and an air defense system to Saudi Arabia as part of a mutual defense pact, a deployment described as a "substantial, combat-capable force" to support Saudi Arabia if it comes under further attack. On Sunday, the UAE reported that a drone sparked a fire in a power station at the United Arab Emirates' Barakah nuclear plant, and Saudi Arabia said it intercepted and destroyed three drones that entered its airspace. Last Wednesday, the International Energy Agency (IEA) said in a monthly report that global observed oil inventories declined at about 4 million bpd in March and April, and that the market will remain "severely undersupplied" until October, even if the conflict ends next month. Energy prices remain underpinned by the US...
June Nymex natural gas (NGM26) on Wednesday closed down -0.110 (-3.53%). Nat-gas prices on Wednesday fell from an 8-week nearest-future high and settled sharply lower. Abundant US nat-gas supplies, along with expectations that storage levels will continue to build, pressured prices on Wednesday. The consensus is that Thursday's weekly EIA nat-gas inventories will increase by +98 bcf for the week e...
June Nymex natural gas (NGM26) on Wednesday closed down -0.110 (-3.53%). Nat-gas prices on Wednesday fell from an 8-week nearest-future high and settled sharply lower. Abundant US nat-gas supplies, along with expectations that storage levels will continue to build, pressured prices on Wednesday. The consensus is that Thursday's weekly EIA nat-gas inventories will increase by +98 bcf for the week ended May 15, above the five-year average for the week of +92 bcf. Don’t Miss a Day: Nat-gas prices initially moved higher on Wednesday amid an outlook for above-normal US temperatures, which may boost nat-gas demand to power increased air-conditioning use. The Commodity Weather Group said Wednesday that forecasts shifted warmer, with above-average temperatures expected across the Upper Midwest from May 25-29. The outlook for the Strait of Hormuz to remain closed for the foreseeable future is supportive for nat-gas as the closure will curb Middle Eastern nat-gas supplies, potentially boosting US nat-gas exports to make up for the shortfall. Projections for higher US nat-gas production are negative for prices. Last Tuesday, the EIA raised its forecast for 2026 US dry nat-gas production to 110.61 bcf/day from an April estimate of 109.60 bcf/day. US nat-gas production is currently near a record high, with active US nat-gas rigs posting a 2.5-year high in late February. On April 17, nat-gas prices tumbled to a 1.5-year nearest-futures low amid robust US gas storage. EIA nat-gas inventories as of May 8 were +6.5% above their 5-year seasonal average, signaling abundant US nat-gas supplies. US (lower-48) dry gas production on Wednesday was 109.3 bcf/day (+1.4% y/y), according to BNEF. Lower-48 state gas demand on Wednesday was 73.0 bcf/day (+4.1% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Wednesday were 18.1 bcf/day (+3.0% w/w), according to BNEF. Nat-gas prices have some medium-term support on the outlook for tighter global LNG supplies. On Marc...
Artificial intelligence chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fueled by massive demand for its high-end AI chips. The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned $1.76 per sha...
Artificial intelligence chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fueled by massive demand for its high-end AI chips. The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned $1.76 per share. Revenue jumped 85% to $81.62 billion from $44.01 billion. Analysts, on average, were expecting earnings of $1.75 per share and revenue of $78.91 billion, according to a poll by FactSet. Nvidia's results have exceeded the analyst projections that shape investors’ perceptions since Nvidia’s high-end chips emerged as AI’s best building blocks three years ago. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” said CEO Jensen Huang in a statement. For the current quarter, Nvidia forecast revenue of about $91 billion. Analysts are forecasting $87.29 billion. Shares of the Santa Clara, California-based company dipped slightly after-hours to $222.12 after closing at $223.47 in the regular trading session. As of Wednesday's close, Nvidia had a market value of $5.4 trillion.