Baidu.com (NASDAQ:BIDU), the Chinese search engine and artificial intelligence group listed on Nasdaq, rose nearly 5% in premarket trading on Monday after first-quarter results showed its fast-growing AI cloud business more than offsetting a sharp decline in its traditional advertising...
Baidu.com (NASDAQ:BIDU), the Chinese search engine and artificial intelligence group listed on Nasdaq, rose nearly 5% in premarket trading on Monday after first-quarter results showed its fast-growing AI cloud business more than offsetting a sharp decline in its traditional advertising...
Chile’s economy contracted in the first quarter even as market-friendly proposals from the nation’s new President Jose Antonio Kast stoked investor optimism. Gross domestic product fell 0.3% in the January-March period from the prior three months, more than the -0.2% median forecast from analysts in a Bloomberg survey. From a year ago, it declined 0.5%, the central bank reported Monday. Kast took ...
Chile’s economy contracted in the first quarter even as market-friendly proposals from the nation’s new President Jose Antonio Kast stoked investor optimism. Gross domestic product fell 0.3% in the January-March period from the prior three months, more than the -0.2% median forecast from analysts in a Bloomberg survey. From a year ago, it declined 0.5%, the central bank reported Monday. Kast took office March 11 with pledges to propel annual GDP growth to 4% by the end of his term from current levels near 2.5% through corporate tax cuts, investment incentives and a leaner, more efficient government. Still, within days, his administration let fuel prices rise the most since at least 1980 as the Middle East war made crude more expensive globally . In response, analysts pared back their estimates for economic growth this year and raised their inflation bets. Read More: Chile Finance Head Sees 2% Growth Amid Reform Push This Year Mining activity fell 1.3% in the first quarter from the prior three months, while the rest of the economy contracted 0.1%, according to the central bank. Kast’s administration expects the economy to grow slightly more than 2% in 2026 as it pushes pro-investment reforms and cuts spending, Finance Minister Jorge Quiroz said in an interview earlier this month. A government-backed bill that include business tax reductions and employment subsidies is currently advancing through Congress, and Quiroz said he expects its core elements to be approved by June despite a divided legislature. There’s still plenty of weakness in Chile’s economy, which is one of the richest in Latin America. Unemployment rose more than expected in the three months through March, to 8.9%, hastened by a loss in formal jobs. Government data also showed continued weakness in industry and manufacturing that month. Economists surveyed by the central bank earlier in May expect Chile’s GDP to grow 2% this year, down from forecasts of 2.5% near the start of the Iran war. They also see...
Alexander Shapovalov/iStock Editorial via Getty Images When considering PepsiCo ( PEP ) as a potential investment, I'm faced with a central question. Specifically, should we analyze the company strictly on its own merits and results, or should we think about it primarily in the context of the broader consumer staples industry? For context, I covered PepsiCo back in 2019, writing that it was a bett...
Alexander Shapovalov/iStock Editorial via Getty Images When considering PepsiCo ( PEP ) as a potential investment, I'm faced with a central question. Specifically, should we analyze the company strictly on its own merits and results, or should we think about it primarily in the context of the broader consumer staples industry? For context, I covered PepsiCo back in 2019, writing that it was a better dividend play than people might appreciate. After years of watching from the sidelines, I initiated a position in PEP stock when the stock dipped into the $130s last year. While I remain a shareholder in the company and have a reasonably upbeat view of the company over the long term, I have become more cautious about the immediate outlook. As such, I have a more neutral hold rating on PEP stock today. I can make my central argument as to why with a chart. Here is the performance of PepsiCo and Coca-Cola ( KO ) shares against a variety of large North American packaged food and beverage peers over the past three years: Data by YCharts Since May 2023, Pepsi shares have fallen 23%, which trails Coke's 28% gain, and Keurig Dr Pepper's ( KDP ) 9% loss over the same period. However, a whole bunch of other industry peers are down 40% or more over the same span, with losses exceeding 60% at both Conagra ( CAG ) and General Mills ( GIS ). Pepsi: Not A Bad Price, But Perhaps Relatively Overvalued One would assume that the same headwinds we're seeing that have battered companies like General Mills should also apply to PepsiCo. Specifically, things such as the rise of GLP-1 drugs for weight loss, pressured consumer spending, shifts in consumer behavior toward cheaper private label options, and inflation and supply chain issues. Many North American food and beverage companies have seen their share prices implode thanks to these worries, and it's not immediately apparent to me why PepsiCo wouldn't be vulnerable to them as well. With household names like Campbell's ( CPB ), General Mill...
Jensen Huang has spent the past year saying the next artificial intelligence (AI) boom will land in factories, warehouses, hospitals, and on highways, where AI gets a body. Generative AI taught machines to think in language and pixels; embodied AI teaches them to act in the physical world through humanoids, autonomous vehicles, surgical robots, and ... Jensen Huang Calls It the Next Wave of AI. 5 ...
Jensen Huang has spent the past year saying the next artificial intelligence (AI) boom will land in factories, warehouses, hospitals, and on highways, where AI gets a body. Generative AI taught machines to think in language and pixels; embodied AI teaches them to act in the physical world through humanoids, autonomous vehicles, surgical robots, and ... Jensen Huang Calls It the Next Wave of AI. 5 ETFs Built for the Embodied AI Era
Justin Paget/DigitalVision via Getty Images Right now, it appears as though the markets are moving faster than ever. Change tends to happen quickly, and it can happen all at once. Tech is trading higher than ever, long-term treasury yields are the highest in decades, and other hard asset sectors are continuing to reshape themselves. Significant macro changes are pressuring dependable business segm...
Justin Paget/DigitalVision via Getty Images Right now, it appears as though the markets are moving faster than ever. Change tends to happen quickly, and it can happen all at once. Tech is trading higher than ever, long-term treasury yields are the highest in decades, and other hard asset sectors are continuing to reshape themselves. Significant macro changes are pressuring dependable business segments such as housing and industrial real estate. However, specialized sectors are feeling the burn as profoundly as these traditional real estate classes. One asset class going through profound difficulties, stemming from severe headwinds, is farmland. Gladstone Land Corporation ( LAND ) is one of the few REITs that invests specifically in farmland. The company is continuing to run into headwinds that are forcing a reevaluation of the business model and active management of their unique portfolio. This article will follow up on my prior coverage of LAND, discuss Q1 earnings, and provide an outlook for the farmland REIT. Review of Prior Coverage I have covered LAND on a variety of occasions over the years. A focal point of the coverage has been that LAND is one of the few opportunities to directly invest in United States farmland, alongside Farmland Partners Inc. ( FPI ). Over the long term, I have preferred LAND over FPI due to the backing of Gladstone Companies, a conservative, shareholder friendly asset manager with a lineup of unique REITs and business development companies. Data by YCharts Like other companies in the Gladstone lineup, LAND has paid monthly dividends to shareholders. Over a long time horizon, LAND has been successful for shareholders, albeit with bumps along the way. Data by YCharts As a relatively small company, LAND has seen volatility in its stock price and valuation. In my last coverage , I showed that the company’s valuation had gone parabolic and the stock price had exploded year to date. Now, it appears as though the company has returned to Earth ...
In the race to build the infrastructure that powers artificial intelligence, Alphabet Inc. ’s Google has an enviable position: The company has a healthy cloud computing business, makes its own chips, and has struck deals to share them with companies like Anthropic PBC and Meta Platforms Inc. Google’s success has made its computing resources so valuable, though, that its own AI researchers have to ...
In the race to build the infrastructure that powers artificial intelligence, Alphabet Inc. ’s Google has an enviable position: The company has a healthy cloud computing business, makes its own chips, and has struck deals to share them with companies like Anthropic PBC and Meta Platforms Inc. Google’s success has made its computing resources so valuable, though, that its own AI researchers have to get in line. Last summer, Andrew Dai, then a researcher in Google’s AI lab, discovered a blind spot in Gemini, the company’s flagship AI model. While playing a board game, Dai took pictures of the board and asked Gemini a simple question: who’s winning? To his surprise, Gemini was stumped, as were models from rivals. He became convinced of the need to build AI that could better understand what was happening in images. Dai discussed his idea with some of his colleagues, but he quickly concluded that he wouldn’t be able to secure enough computing power to tackle the problem within Google, he said in an interview. He had to leave the company if he wanted to do it. Dai is among current and former employees who say Google’s leadership in AI development has turned computing power into a precious resource, accessible mostly to people with high-priority projects, like improving Gemini. AI researchers sometimes feel like they are losing out on computing power to paying customers, the people said. Google’s search and cloud computing units are also jockeying to use the company’s chips, known as tensor-processing units, or TPUs. Within the AI lab Google DeepMind, access to computing power influences the projects that researchers pursue, the leaders they align themselves with and the pace at which they work. “Inside Google, every TPU has three suitors,” said Oren Etzioni, a veteran AI researcher who is a professor emeritus at the University of Washington. “If you find yourself in the uncomfortable position where you have a pie-in-the-sky project and you are competing with a revenue-yiel...
Klaus Vedfelt/DigitalVision via Getty Images Investment summary My previous investment thought on Flywire Corp ( FLYW ) (published on 5th March 2026) was a buy rating because FLYW delivered strong revenue growth, and despite margins being weak, absolute adj. EBITDA grew strongly. My current view is still a buy rating. Growth has accelerated sharply before any clear macro improvement, and the upsid...
Klaus Vedfelt/DigitalVision via Getty Images Investment summary My previous investment thought on Flywire Corp ( FLYW ) (published on 5th March 2026) was a buy rating because FLYW delivered strong revenue growth, and despite margins being weak, absolute adj. EBITDA grew strongly. My current view is still a buy rating. Growth has accelerated sharply before any clear macro improvement, and the upside was not just from Education. Travel / hospitality, Healthcare, and B2B also contributed. Margins are still messy, but adj. EBITDA growth remains strong, which keeps the operating leverage thesis intact. 1Q26 results update FLYW's Q1 result s continue to support my buy rating with its strong growth. Revenue grew by an astonishing 41% y/y, while revenue less ancillary services grew 43% y/y. On an FX-neutral basis, revenue less ancillary services grew 37.2% y/y. Total payment volume also grew strongly by 36.5% y/y to $11.4 billion. By revenue type, transaction revenue came in at $155.2 million, up 43% y/y; platform and other revenues came in at $32.9 million, up 40% y/y. On a revenue-less-ancillary-services basis, transaction revenue saw $155.1 million, while platform and other revenues saw $28.8 million. Profit-wise, margins were messy again, but profits were clearly better. Gross profit grew to >$100 million (saw $106.8 million) vs. $80.5 million last year, while gross margin fell to 56.8% from 60.3%. On an adjusted basis, gross profit grew 33.9% y/y to $110.5 million, while adjusted gross margin fell to 60.1% from 64.1%. The pressure was mainly from mix and large payment-processing ramps, not pricing pressure. But for adj. EBITDA, FLYW printed solid growth of 81.8% y/y to $39.3 million, and adj. EBITDA margin expanded 452 bps to 21.4%. Growth is coming through before the macro improves I think the obvious bullish takeaway here is that FLYW's growth has accelerated sharply despite the geopolitical backdrop still being uncertain, and I think this really hurts the bear case....
毕业典礼本该是鲜花、掌声和祝福的场合，但上周末在美国亚利桑那大学（University of Arizona）的校园里，画风却突然跑偏了： 当台上的演讲者刚提到“AI”，台下身穿毕业袍的学生们便爆发出一阵响亮的嘘声——而站在台上的人，则是曾执掌谷歌十年的前 CEO Eric Schmidt。 对于很多科技从业者来说，Eric Schmidt 几乎代表了互联网黄金时代的一部分：Google 搜索、A...
毕业典礼本该是鲜花、掌声和祝福的场合，但上周末在美国亚利桑那大学（University of Arizona）的校园里，画风却突然跑偏了： 当台上的演讲者刚提到“AI”，台下身穿毕业袍的学生们便爆发出一阵响亮的嘘声——而站在台上的人，则是曾执掌谷歌十年的前 CEO Eric Schmidt。 对于很多科技从业者来说，Eric Schmidt 几乎代表了互联网黄金时代的一部分：Google 搜索、Android、移动互联网、云计算……这些改变世界的技术浪潮背后，都有他的身影。但 这一次，这位硅谷老将却没能收获掌声，原因很简单——他谈的是 AI。 而对一群即将踏入就业市场的毕业生来说，“AI 会不会抢走工作”已经不是遥远的科技讨论，而是压在眼前的现实焦虑。 AI 一出口，嘘声就上头 事情发生在亚利桑那大学的毕业典礼上，71岁的谷歌前 CEOEric Schmidt受邀为毕业生致辞。原本大家以为这会是那种“过来人传授人生经验”的温馨场面，结果Schmidt 一开口谈AI，现场气氛就开始微妙起来。 一开始，Schmidt并没有直接聊 AI，而是先从自己年轻时经历的“计算机革命”谈起。 他提到，1982 年，《时代》杂志曾把“计算机”评为年度人物。那时候，个人电脑刚刚兴起，没人能真正预料它会如何改变世界。随后几十年里，计算机一路演变成笔记本、智能手机，并借助互联网和社交媒体彻底重塑现代社会。 Schmidt 承认，技术确实带来了巨大进步。它连接了人与人之间的关系，让知识获取变得更加平等，也推动了经济增长，甚至帮助很多人摆脱贫困。但随后，他话锋一转：“那些让每个人都能发声的平台，也在某种程度上摧毁了公共讨论空间。” 在Schmidt 看来，社交平台不断放大愤怒、极端情绪与对立，让人与人之间的沟通方式越来越粗暴，而这种变化，正在深刻影响整个社会。 事实上，这也是近几年硅谷内部越来越常见的一种“反思情绪”。曾经的科技行业相信“技术天然会让世界变得更好”，但如今，无论是社交媒体的信息茧房、短视频成瘾，还是 AI 带来的就业冲击，都在迫使行业重新思考：技术到底应该如何发展。 而真正让现场气氛瞬间失控的，是 Schmidt 随后把 AI 与当年的“计算机革命”进行了类比——几乎就在他提到 AI 的同时，现场就开始出现大规模嘘声。 “AI 来了，工作没了” 据现场视频和《商业内幕》等媒体报...
Investing.com -- Jefferies initiated coverage of Mobileye Global Inc. (NASDAQ:MBLY) at “underperform” with a price target of $8, implying 24% downside from the prior close of $10.53, analysts said in a recent note.
Investing.com -- Jefferies initiated coverage of Mobileye Global Inc. (NASDAQ:MBLY) at “underperform” with a price target of $8, implying 24% downside from the prior close of $10.53, analysts said in a recent note.