AMD’s first quarter results were marked by significant growth in its data center segment and broad-based demand across all business units. Management credited the results to a surge in AI infrastructure spending, particularly highlighting a 57% increase in data center revenue driven by strong sales of EPYC CPUs and Instinct GPUs. CEO Lisa Su emphasized that “data center is now the primary driver o...
AMD’s first quarter results were marked by significant growth in its data center segment and broad-based demand across all business units. Management credited the results to a surge in AI infrastructure spending, particularly highlighting a 57% increase in data center revenue driven by strong sales of EPYC CPUs and Instinct GPUs. CEO Lisa Su emphasized that “data center is now the primary driver of our revenue and earnings growth,” noting that both cloud and enterprise customers ramped up adopti
Long lines stretching across several blocks have formed in Hong Kong as shoppers turned up days ahead of the launch of the “Royal Pop” pocket watches – a collaboration between luxury watchmaker Audemars Piguet and Swatch. A South China Morning Post reporter observed about 50 people queuing in Causeway Bay on Thursday evening, a few metres from the Swatch store on Kai Chiu Road. “If you don’t try, ...
Long lines stretching across several blocks have formed in Hong Kong as shoppers turned up days ahead of the launch of the “Royal Pop” pocket watches – a collaboration between luxury watchmaker Audemars Piguet and Swatch. A South China Morning Post reporter observed about 50 people queuing in Causeway Bay on Thursday evening, a few metres from the Swatch store on Kai Chiu Road. “If you don’t try, you don’t win,” said one hopeful, who only gave his name as Jackson. “How many opportunities do you...
India’s government is ratcheting up steps to curb foreign outflows and cushion the economy from the fallout of the Iran war. On Thursday, authorities tightened rules for importing gold into the country and told government employees in the capital region of Delhi to work from home twice a week to save fuel. The government also temporarily banned exports of sugar to protect local supplies. Separatel...
India’s government is ratcheting up steps to curb foreign outflows and cushion the economy from the fallout of the Iran war. On Thursday, authorities tightened rules for importing gold into the country and told government employees in the capital region of Delhi to work from home twice a week to save fuel. The government also temporarily banned exports of sugar to protect local supplies. Separately, Bloomberg News reported that the Reserve Bank of India proposed a significant reduction in the taxes paid by foreign investors on the nation’s bonds, another way to boost inflows. India is the world’s third-largest importer of oil and heavily reliant on energy supplies through the Strait of Hormuz, a key waterway effectively blocked for more than two months because of the Iran war. Higher energy bills have led to a surge in foreign outflows from India, putting pressure on the rupee, which has plunged to a record low. The latest moves are part of emergency steps the government considered to cushion the impact of the war on the economy. Officials are also discussing hiking fuel prices for the first time since the conflict began, Bloomberg News reported earlier this week. Gold and consumer electronics are considered non-essential imports, officials said, and restricting purchases would help to preserve foreign currency. “The government is undertaking various precautionary measures to conserve foreign exchange reserves amid pressure on the rupee,” said Teresa John , economist with Nirmal Bang Securities. The measures to restrict gold imports are similar to previous periods of “external stress,” she said. Prime Minister Narendra Modi , whose party won a landslide in recent state elections , warned the public on the weekend that austerity measures were coming. Since then, top officials have been laying the groundwork for fuel price hikes. Oil Minister Hardeep Singh Puri said Tuesday that Indian refiners are incurring substantial losses by keeping retail fuel prices unchanged. ...
A recent surge in Chinese chip stocks has made them some of the most expensive among global peers, and investors are growing increasingly cautious. Semiconductor Manufacturing International Corp. trades at about 128 times forward earnings for its mainland-listed shares, while peer Hua Hong Semiconductor Ltd. trades at 181 times. In comparison, both US-chipmaker Intel Corp. and South Korea’s Hanmi ...
A recent surge in Chinese chip stocks has made them some of the most expensive among global peers, and investors are growing increasingly cautious. Semiconductor Manufacturing International Corp. trades at about 128 times forward earnings for its mainland-listed shares, while peer Hua Hong Semiconductor Ltd. trades at 181 times. In comparison, both US-chipmaker Intel Corp. and South Korea’s Hanmi Semiconductor Co. trade at the lower end of 90 times. “Valuation concerns are emerging as chip stocks rally, and potential bubble risks may be more pronounced across China’s broader chip sector, where premiums are largely driven by localization expectations rather than strong earnings,” said Xiang Xiaotian , director at Shanghai Chengzhou Investment Management. Hua hong reported net income for the first three months of the year that were below estimates, with forecast revenue for the second quarter also missing expectations. SMIC, one of the country’s largest chipmakers, reported a net income miss for the January-March period. Beijing’s push to localize the chip supply chain and achieve tech self-sufficiency is lifting sentiment for the sector. That helped drive the country’s chip-focused STAR50 index to a record high this week, amid an artificial intelligence-led rally across Asian markets. “These companies may benefit materially from the domestic market growth, as overseas peers, no matter how strong they are, won’t have a similar chance to compete,” said Bloomberg Intelligence analyst Steven Tseng . “Investors might have started to recognize their value, especially given the backdrop of a massive rally of chip names in the US, Taiwan, Korea and Japan.” Still, signs of crowding are beginning to emerge in onshore equities, with turnover topping 3 trillion yuan ($442 billion) for a seventh straight session and outstanding margin financing climbing to high levels — both pointing to increasingly frothy positioning in some of the market’s most crowded trades. Investors will be...
Explore the exciting world of TopBuild (NYSE: BLD) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of March 11, 2026. The video was published on May 7, 2026. Continue reading
Explore the exciting world of TopBuild (NYSE: BLD) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of March 11, 2026. The video was published on May 7, 2026. Continue reading
buradaki/iStock via Getty Images The last couple of months have been a really stellar time for shareholders of Iridium Communications Inc. ( IRDM ). I have long been a big fan of the company. But even I have been surprised by the fact that shares are up 77.5% since I rated the business as a Buy candidate back in March of this year. Over that same window of time, the S&P 500 ( SP500 ) is up only 12...
buradaki/iStock via Getty Images The last couple of months have been a really stellar time for shareholders of Iridium Communications Inc. ( IRDM ). I have long been a big fan of the company. But even I have been surprised by the fact that shares are up 77.5% since I rated the business as a Buy candidate back in March of this year. Over that same window of time, the S&P 500 ( SP500 ) is up only 12.3%. That article actually represented a downgrade from the Strong Buy I had assigned the company previously. And that was driven by a 35.6% surge in price since the previous article that I had written about it, as well as some fundamental softness that the company had been exhibiting. That softness has continued on the bottom line. But on the whole, management continues to focus on slowly expanding the company while simultaneously generating significant cash flows to pay down debt and return to shareholders. The latest big move from the company came on May 14th, when the company announced that it is acquiring the rest of Aireon LLC, an interesting business that it used to own several years ago that it subsequently sold off in order to pay for its satellite constellation. That business seems to be growing at a nice pace. And even though the purchase might make Iridium Communications just a bit more expensive on an EV-to-EBITDA basis, I consider this to be a wise move by management. I do think that the easy money has already been made for investors. However, I would also argue that enough upside still exists to justify a bullish rating. Flying Higher Before I get into the big news development for Iridium Communications, I think it would be helpful to look at the most recent fundamental data that management has provided. This data came out on April 23rd and covers through the first quarter of the 2026 fiscal year. Revenue for that time came in at $218.1 million. That was up from the $214.9 million that the business reported a year earlier. This expansion for the company was f...
Spencer Platt/Getty Images News Exxon Mobil ( XOM ) has returned to the Canje block offshore Guyana with a new exploration well after failing to strike commercial quantities of hydrocarbons in the play in three consecutive attempts, UpstreamOnline.com reported Thursday. Exxon ( XOM ) drilled three wells in the block in 2021, but each prospect was deemed unsuccessful, as the company struggled to ma...
Spencer Platt/Getty Images News Exxon Mobil ( XOM ) has returned to the Canje block offshore Guyana with a new exploration well after failing to strike commercial quantities of hydrocarbons in the play in three consecutive attempts, UpstreamOnline.com reported Thursday. Exxon ( XOM ) drilled three wells in the block in 2021, but each prospect was deemed unsuccessful, as the company struggled to make a relevant discovery outside the prolific Stabroek block, where it is producing more than 900K bbl/day of oil. The company's new Goby-1 program reportedly has been launched in ultra-deep waters 290 km from the Guyanese coast with the Stena Drilling drillship Stena Carron and is due for completion in late July. Exxon ( XOM ) has always planned to return to Canje and in 2022 submitted environmental studies mapping 12 potential drilling sites in the block. Exxon ( XOM ) operates the Canje block with a 35% stake, with partners TotalEnergies ( TTE ), JHI Associates, and Mid-Atlantic holding respective stakes of 35%, 17.5%, and 12.5%. More on Exxon Mobil Exxon Mobil Sees The Silver Lining In The Global Oil Disruption Exxon Mobil: A Rising Oil Bet Exxon Mobil: Middle East Disruptions Easily Handled