undefined undefined/iStock via Getty Images Advanced Micro Devices ( AMD ) is surging post-earnings , but one exchange in the earnings call stood out for what wasn't said. Bernstein analyst Stacy Rasgon pressed CFO Jean Hu on whether data center AI GPU revenue had grown sequentially in Q1 excluding China, after Hu attributed a modest sequential decline in that business to lower China shipments in ...
undefined undefined/iStock via Getty Images Advanced Micro Devices ( AMD ) is surging post-earnings , but one exchange in the earnings call stood out for what wasn't said. Bernstein analyst Stacy Rasgon pressed CFO Jean Hu on whether data center AI GPU revenue had grown sequentially in Q1 excluding China, after Hu attributed a modest sequential decline in that business to lower China shipments in the quarter. Rasgon asked directly whether the underlying AI GPU business had grown ex-China. Hu declined to confirm it had, twice responding only that China revenue in Q1 was "not material" — without addressing the sequential trajectory of the rest of the business. It is not the first time China has clouded AMD's GPU picture. In April 2025, the company flagged a potential $800M inventory charge after new U.S. export controls restricted shipment of the MI308 AI GPU without a license, representing up to $1.6B in revenue exposure. AMD does not break out China GPU revenue separately, which makes the Q1 sequential dynamic difficult to assess from the outside — and management showed little appetite for clarifying it on Tuesday's call. More on AMD Advanced Micro Devices, Inc. (AMD) Q1 2026 Earnings Call Transcript AMD Q1: I Love The Progress, But Nvidia Is The Better Buy Right Now (Downgrade) Know When To Hold 'Em And When To Fold 'Em Biggest stock movers Wednesday: AMD, SMCI, and more AMD stock rallies on strong data center growth—These ETFs have the highest exposure
undefined undefined/iStock via Getty Images Advanced Micro Devices ( AMD ) is surging post-earnings , but one exchange in the earnings call stood out for what wasn't said. Bernstein analyst Stacy Rasgon pressed CFO Jean Hu on whether data center AI GPU revenue had grown sequentially in Q1 excluding China, after Hu attributed a modest sequential decline in that business to lower China shipments in ...
undefined undefined/iStock via Getty Images Advanced Micro Devices ( AMD ) is surging post-earnings , but one exchange in the earnings call stood out for what wasn't said. Bernstein analyst Stacy Rasgon pressed CFO Jean Hu on whether data center AI GPU revenue had grown sequentially in Q1 excluding China, after Hu attributed a modest sequential decline in that business to lower China shipments in the quarter. Rasgon asked directly whether the underlying AI GPU business had grown ex-China. Hu declined to confirm it had, twice responding only that China revenue in Q1 was "not material" — without addressing the sequential trajectory of the rest of the business. It is not the first time China has clouded AMD's GPU picture. In April 2025, the company flagged a potential $800M inventory charge after new U.S. export controls restricted shipment of the MI308 AI GPU without a license, representing up to $1.6B in revenue exposure. AMD does not break out China GPU revenue separately, which makes the Q1 sequential dynamic difficult to assess from the outside — and management showed little appetite for clarifying it on Tuesday's call. More on AMD Advanced Micro Devices, Inc. (AMD) Q1 2026 Earnings Call Transcript AMD Q1: I Love The Progress, But Nvidia Is The Better Buy Right Now (Downgrade) Know When To Hold 'Em And When To Fold 'Em Biggest stock movers Wednesday: AMD, SMCI, and more AMD stock rallies on strong data center growth—These ETFs have the highest exposure
Elon Musk ’s SpaceX is proposing to spend $55 billion to begin construction of a new semiconductor production facility in Texas, taking steps toward realizing an ambitious project he’s dubbed Terafab. The rocket company is planning to build a “next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility” in the state, according to a public notice p...
Elon Musk ’s SpaceX is proposing to spend $55 billion to begin construction of a new semiconductor production facility in Texas, taking steps toward realizing an ambitious project he’s dubbed Terafab. The rocket company is planning to build a “next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility” in the state, according to a public notice posted on the Grimes County website. The estimated total capital investment could rise to $119 billion if additional phases of the project are completed. Musk unveiled the Terafab concept in March as a way to begin manufacturing chips for his robotics, space and artificial intelligence projects. He said the joint venture between SpaceX and Tesla Inc. was essential because the semiconductor industry was moving too slowly to keep up with the amount of chips needed for his initiatives and the tech industry as a whole. “We either build the Terafab or we don’t have the chips, and we need the chips, so we build the Terafab,” he said. SpaceX and Tesla representatives didn’t immediately respond to requests for comment. Musk said the project would one day support a terawatt of computing power per year, the amount he expects the companies to eventually use as he ramps up his investments in AI and robotics. The facility would aim to produce 2 nanometer chips, at the cutting edge of current technology. Even at the time however, there was skepticism that Musk would really try to build advanced chip fabs, a complex, competitive business where he has no track record. As outlined, he would try to take on leaders like Taiwan Semiconductor Manufacturing Co. and do it at volumes far beyond the industry’s current capacity. But Musk’s lieutenants quickly reached out to chip equipment makers, including Applied Materials Inc., Tokyo Electron Ltd. and Lam Research Corp. to get price quotes and delivery times for the gear necessary to make semiconductors, Bloomberg reported in April. Musk planned to...
The U.S. is reportedly getting close to a deal with Iran on a one-page memorandum of understanding to end the conflict. The memorandum is expected to set a detailed plan for comprehensive nuclear talks between the two countries, Axios reported, citing two U.S. officials and two other sources. The news comes a day after U.S. officials indicated that recent Iranian strikes had not derailed a fragile...
The U.S. is reportedly getting close to a deal with Iran on a one-page memorandum of understanding to end the conflict. The memorandum is expected to set a detailed plan for comprehensive nuclear talks between the two countries, Axios reported, citing two U.S. officials and two other sources. The news comes a day after U.S. officials indicated that recent Iranian strikes had not derailed a fragile cease-fire, even as American forces continue operations to support commercial shipping through the Strait of Hormuz. Washington also expects Iran to respond to several key points in the next 48 hours, according to the report. West Texas Intermediate crude ( CL1:COM ) fell 7.77% to $94.32 a barrel, while Brent crude ( CO1:COM ) dropped 6.80% to $102.40. The agreement would also see Iran commit to a pause in nuclear enrichment, while the U.S. would lift sanctions and release billions in frozen Iranian assets. Both sides would also ease restrictions on transit through the Strait of Hormuz, Axios reported. The one-page, 14-point memorandum of understanding is being discussed between U.S. envoys Steve Witkoff and Jared Kushner and many Iranian officials, the report said. The MoU is also expected to declare the end of the war in the region and the start of a 30-day period of negotiations on the agreement. More on Oil Commodities: Trump's 'Project Freedom' Pause Weighs On Oil Prices Gas Prices Surge To Highest Level Since July 2022 SPX Realized Skew Inverts As Traders Focus On Right Tail U.S. gasoline stocks slide toward record lows as imports dry up: Morgan Stanley
3dsam79/iStock via Getty Images Investment Thesis I rate Oceaneering International, Inc. ( OII ) with a Hold. The company is well positioned in terms of market shares and tailwinds in its markets, with a growing ADTech segment closely operating with US government and defense programs. On the other hand, competitors are catching up with innovations in the subsea robotics segment (the most performin...
3dsam79/iStock via Getty Images Investment Thesis I rate Oceaneering International, Inc. ( OII ) with a Hold. The company is well positioned in terms of market shares and tailwinds in its markets, with a growing ADTech segment closely operating with US government and defense programs. On the other hand, competitors are catching up with innovations in the subsea robotics segment (the most performing one for OII), and the company should be focused on introducing appealing products to defend its positioning. The last Q1 FY2026 results released on April 22, 2026, highlighted the company's difficulties in keeping the margins stable during seasonal underutilization periods, but the management reaffirmed the positive guidance for the full year. My DCF valuation implies a share price of $37.50, suggesting that the company is currently trading at fair value, with a 1Y target price between $41 and $43 per share. I advise long-term investors to accumulate more shares if the stock price declines toward the $33-35 levels, while new investors should wait for Q2 results before considering an investment. Business Overview Oceaneering International, Inc., with headquarters in Houston, Texas, is an engineering company providing tech services and products related to offshore energy activities and, especially nowadays, to the US government through its Aerospace and Defense Technology business (ADTech). The company is divided into five different core segments, holding a single cost center: Subsea Robotics (SSR) is the largest segment in terms of profit, generating approximately $855.2M in revenues and $257.1M in operating income in FY2025 with a 30.1% margin. SSR operates through the production of an ROV fleet used for drill inspection, maintenance, repair, and installation (IMRI). The management estimated the company's market share for this segment to be around 60% at the end of FY2025. Manufactured Products generated $569M in revenues with a 12.7% operating margin, designing and produ...
(RTTNews) - UK stock market's benchmark index FTSE 100 climbed up sharply Wednesday morning, buoyed by optimism over a potential U.S.-Iran peace deal after U.S. President Donald Trump's announcement of a temporary suspension of "Project Freedom" in order to resume negotiations wi
(RTTNews) - UK stock market's benchmark index FTSE 100 climbed up sharply Wednesday morning, buoyed by optimism over a potential U.S.-Iran peace deal after U.S. President Donald Trump's announcement of a temporary suspension of "Project Freedom" in order to resume negotiations wi