Demand for Nintendo Co. ’s profit-earning game software is under threat from soaring prices for data storage, clouding efforts to build a Switch 2 ecosystem that’s resilient to tariffs and military conflict. A global rush to build artificial intelligence hardware by the likes of Meta Platforms Inc. and Amazon.com Inc. is spurring big jumps in the price of NAND flash memory, used to store and acces...
Demand for Nintendo Co. ’s profit-earning game software is under threat from soaring prices for data storage, clouding efforts to build a Switch 2 ecosystem that’s resilient to tariffs and military conflict. A global rush to build artificial intelligence hardware by the likes of Meta Platforms Inc. and Amazon.com Inc. is spurring big jumps in the price of NAND flash memory, used to store and access data for long-term use in gadgets as well as data centers. NAND contract prices are forecast to surge as much as 90% in the current quarter compared with the previous three-month period, when prices rose more than 30%, according to research firm TrendForce. Read more: Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis The additional cost is denting consumer appetite for new Switch 2 games. That’s a problem for Nintendo, which needs to sell as many games as possible to make up for razor-thin margins on the consoles, which retail for around $450 and are already under pressure from US tariffs as well as a likely rise in shipping costs related to the conflict in the Middle East. “I used to buy games on a whim, without paying attention to storage,” said Shinsuke Hasegawa, an avid gamer in Tokyo with dozens of games for the Switch and its successor. “But I now need to make sure that games I buy are really ones I want to play because the space is filling up so quickly, at a pace that I didn’t imagine.” Nintendo’s storage problem is weighing on software demand, alongside factors such as game launch timings. Initial software sales momentum for the Switch 2, the world’s fastest-selling console, lags behind the original Switch’s. As of end-December, when Switch 2 sales hit 17.37 million units, the average number of games purchased per console came to 2.18, according to Bloomberg calculations based on company filings . When the original Switch reached a similar hardware sales milestone in March 2018, that figure stood at 3.88. Users like Hasegawa were behind the original S...
Asian carriers like Cathay Pacific and Singapore Airlines (SIA) are among the best positioned airlines to weather the war in the Middle East as travellers scramble for flights – and pay huge premiums – to escape the conflict. Asian airlines have emerged as one of the go-to choices for people leaving the Middle East in the wake of US and Israeli strikes on Iran Extensive airspace closures mean carr...
Asian carriers like Cathay Pacific and Singapore Airlines (SIA) are among the best positioned airlines to weather the war in the Middle East as travellers scramble for flights – and pay huge premiums – to escape the conflict. Asian airlines have emerged as one of the go-to choices for people leaving the Middle East in the wake of US and Israeli strikes on Iran Extensive airspace closures mean carriers like Emirates and Qatar Airways have essentially ground to a halt, creating opportunities for rivals that can fly non-stop between Europe and Asia. Advertisement Passengers in European hubs are handing over huge sums of money to secure a seat to Asia on flights that bypass the Middle East. Passengers stranded by suspended air traffic check into a hotel in Doha, Qatar, on Monday. Photo: EPA A one-way economy ticket flying SIA from Heathrow to Singapore on Thursday cost US$8,540 – a 900 per cent increase on fares later in the month. The same ticket on a flight to Hong Kong is HK$26,737 (US$3,400), compared with HK$5,670 in just a few weeks from now.
巴塞罗那的三月，地中海的风裹挟着科技的热浪。 MWC 2026如期举行。 20年来MWC就像一位精准的预言家，持续塑造着移动行业的未来。比如2019年5G和折叠屏，比如2025年AI与机器人。 而今年MWC的关键词毫无悬念： The IQ Era （智商时代），更准确地说是 智能新纪元 ，整体展区围绕两条路线：一是AI终于从APP插件能力走向系统能力，二是通信能力走向平台化。 作为连续多年的参会者...
TPG Inc. is considering options for Asia OneHealthcare Sdn. , including a sale or initial public offering, amid increasing deal activity for private equity-owned assets, according to people familiar with the matter. TPG has been speaking with advisers working on a separate IPO by Sunway Healthcare Holdings Bhd. to evaluate a course of action, the people said, asking not to be identified because th...
TPG Inc. is considering options for Asia OneHealthcare Sdn. , including a sale or initial public offering, amid increasing deal activity for private equity-owned assets, according to people familiar with the matter. TPG has been speaking with advisers working on a separate IPO by Sunway Healthcare Holdings Bhd. to evaluate a course of action, the people said, asking not to be identified because the deliberations are private. A deal might value the Kuala Lumpur-based medical services provider at as much as 30 billion ringgit ($7.6 billion), two of the people said. Considerations are preliminary and no final decisions have been made, the people said. TPG may also decide to keep its stake in the health-care firm, the people added, without disclosing the size of the holding. A representative for TPG declined to comment. Hong Leong Group and TPG acquired a batch of hospitals from Asia OneHealthcare, then known as Columbia Asia Healthcare , for about $1.2 billion in 2019 . The company has expanded both organically and via acquisitions, including the purchase of the hospital unit of Australia’s Ramsay Health Care Ltd. and Malaysian conglomerate Sime Darby Bhd. for 5.7 billion ringgit in 2023. Other shareholders in Asia OneHealthcare include Abu Dhabi Investment Authority and Malaysia’s Employees Provident Fund. TPG has been involved in other recent deals in Southeast Asia, including agreeing to sell a majority stake in XCL Education Holdings Pte to KKR & Co. in a transaction valuing the school operator at about $1.3 billion. KKR also led a group that agreed to acquire data center operator STT GDC Pte for $5.2 billion. Sunway Healthcare, meanwhile, is expected to list on March 18 in a 2.86 billion ringgit IPO, which would be the biggest debut in Malaysia nine years. Malayan Banking Bhd., AmInvestment Bank Bhd., UBS Group AG, HSBC Holdings Plc and Jefferies Financial Group Inc. are among banks arranging the IPO.
Oaktree Managing Director & Deputy Chief Investment Officer Milwood Hobbs, Moody’s Ratings Global Head of Private Credit, Marc Pinto and Voya Financial President of Retirement, Amy Vaillancourt assess liquidity mismatches, underwriting standards and systemic risk across private credit markets with Bloomberg’s Davide Scigliuzzo at Bloomberg Invest 2026 in New York. (Source: Bloomberg)
Oaktree Managing Director & Deputy Chief Investment Officer Milwood Hobbs, Moody’s Ratings Global Head of Private Credit, Marc Pinto and Voya Financial President of Retirement, Amy Vaillancourt assess liquidity mismatches, underwriting standards and systemic risk across private credit markets with Bloomberg’s Davide Scigliuzzo at Bloomberg Invest 2026 in New York. (Source: Bloomberg)
March 5 (Reuters) - Nvidia has stopped production of chips intended for the Chinese market, betting that regulatory barriers in the U.S. and China will continue to limit sales to the world's second-largest economy, the Financial Times reported on Thursday. The U.S. chipmaker has reallocated manufacturing capacity at Taiwan Semiconductor Manufacturing Company away from making H200 chips t...
March 5 (Reuters) - Nvidia has stopped production of chips intended for the Chinese market, betting that regulatory barriers in the U.S. and China will continue to limit sales to the world's second-largest economy, the Financial Times reported on Thursday. The U.S. chipmaker has reallocated manufacturing capacity at Taiwan Semiconductor Manufacturing Company away from making H200 chips to its next-generation Vera Rubin hardware, the report said, citing two people with knowledge of the matter. Reuters could not immediately verify the report. (Reporting by Shivani Tanna in Bengaluru; Editing by Rashmi Aich)
The U.S. Senate voted to block a Democratic-led resolution that would have restricted President Donald Trump's authority to conduct further military strikes on Iran without congressional approval. The action aligns with Republican support for Trump's ongoing campaign against Iran amid escalating U.S.-Israeli operations. The Senate voted 53 to 47 not to advance the resolution. Nearly all Republican...
The U.S. Senate voted to block a Democratic-led resolution that would have restricted President Donald Trump's authority to conduct further military strikes on Iran without congressional approval. The action aligns with Republican support for Trump's ongoing campaign against Iran amid escalating U.S.-Israeli operations. The Senate voted 53 to 47 not to advance the resolution. Nearly all Republicans opposed the measure, with only Sen. Rand Paul joining Democrats in favor; Sen. John Fetterman was the sole Democrat against it. The Democrats cautioned that the administration has bypassed Congress and risked drawing the U.S. into a broader conflict without proper oversight. While the Republicans mainly defended Trump’s actions, calling them legal and necessary for U.S. national security and within the President’s authority as commander-in-chief. “ Democrats, of course, rushed to turn this successful strike into a political fight,” Senator John Barrasso said on the Senate floor. “National security moves fast. That’s why our Constitution says: ‘Give the commander in chief real authority.’ ” The vote comes amid an expanding conflict with Iran and Trump's airstrikes on Iranian targets, including nuclear sites and leadership, as part of "Operation Epic Fury" launched days earlier with Israel. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on markets AI Buildout Will Keep The Broad Bull Market Intact U.S. Economy: The Good, The Bad, And The Ugly Dow Jones And U.S. Index Outlook - Fearless Markets Are Exploding Higher U.S. stocks recover Middle East conflict-led losses with better-than-expected labor report, rising chip stocks SA analysts weigh market impacts from the U.S.-Iran conflict
Abstract Aerial Art/DigitalVision via Getty Images Investment Thesis The report for Q4 and the whole of 2025 turned out to be rather weak for Core Natural Resources ( CNR ), although it managed to beat market expectations in terms of revenue. Downtime in the mines and one-time expenses led to operating losses, which negatively affected stock prices after the financial statements were released. My ...
Abstract Aerial Art/DigitalVision via Getty Images Investment Thesis The report for Q4 and the whole of 2025 turned out to be rather weak for Core Natural Resources ( CNR ), although it managed to beat market expectations in terms of revenue. Downtime in the mines and one-time expenses led to operating losses, which negatively affected stock prices after the financial statements were released. My view of the company has not changed, and I maintain a Hold rating, as I believe that the market price of the shares is close to their fair value, and the drivers for growth, in my opinion, are limited. I updated my DCF model and got a target price of $82 per share with a downside of 11% to the current price ($92 at the time of writing). At the same time, I do not recommend selling the shares, as I do not see strong reasons for their fall in price, but short-term corrections of 5-10% are quite possible. At this price, it is much more reasonable to continue to hold the shares in the portfolio and buy them back at dips. Q4 Earnings Miss: Weak Margins Offset Strong Revenue Performance Before proceeding to the analysis of the financial statements for Q4, I recommend studying my first article about the company, where I analyzed in detail the history of its formation, business model, and development strategy. Seeking Alpha Reporting for Q4 was worse than expected, primarily due to weak data on the profitability and marginality of the business. However, there are some positive aspects. Revenue increased by 81% yoy to $1.04 billion . This strong growth was due to the effect of business mergers. The consensus forecast for the quarter was as much as 4.6% lower than the final result. As a result, the company earned $4.16 billion throughout the year, which is 89% higher than yoy, again due to the effect of the merger. Revenue for the quarter was higher than market expectations 3 times out of 4. Investor Presentation Nevertheless, the report was interpreted by the market as negative. All...
China set its most modest growth target since 1991, in a tacit acknowledgment that the model powering the country’s rapid rise for the past four decades is showing strains. Bloomberg's Stephen Engle reports from Beijing. (Source: Bloomberg)
China set its most modest growth target since 1991, in a tacit acknowledgment that the model powering the country’s rapid rise for the past four decades is showing strains. Bloomberg's Stephen Engle reports from Beijing. (Source: Bloomberg)
Australia’s goods trade surplus dropped to AUD 2.63 billion in January 2026, down from AUD 3.37 billion in December and below the expected AUD 3.9 billion. This decline was due to lower exports, which fell 0.9% to AUD 44.06 billion, and a 0.8% rise in imports to AUD 41.43 billion, indicating stronger domestic demand at the start of the year. In Australia, the latest data showed household spending ...
Australia’s goods trade surplus dropped to AUD 2.63 billion in January 2026, down from AUD 3.37 billion in December and below the expected AUD 3.9 billion. This decline was due to lower exports, which fell 0.9% to AUD 44.06 billion, and a 0.8% rise in imports to AUD 41.43 billion, indicating stronger domestic demand at the start of the year. In Australia, the latest data showed household spending rebounded slightly in January after falling in December, indicating softer consumer demand. Australia's trade surplus shrinks to AUD 2.63B in January, missing forecasts The S&P/ASX 200 Index rose 0.4% to around 8,900 in Thursday morning deals, after shedding more than 3% over the previous two sessions. The Australian dollar hovered around $0.706, trading in a narrow range near three-year peaks, as investors weighed the impact and duration of the ongoing Middle East conflict More on Australia: EWA: Australian Financials May Struggle With A Flattening Yield Curve EWA: Potentially Range Bound, Given The Mix Of Tailwinds And Headwinds Australia: Q4 GDP growth beats estimates while services sector expansion hits a speed bump in February Australia’s inflation holds steady at 3.8% in January, topping forecasts of 3.7% Seeking Alpha’s Quant Rating on iShares MSCI Australia ETF
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. CSX dividend hike and data partnership set the tone CSX (CSX) recently hit an all time high as investors reacted to an 8% quarterly dividend increase to $0.14 per share and new data modernisation partnerships with Infosys and Mi...
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. CSX dividend hike and data partnership set the tone CSX (CSX) recently hit an all time high as investors reacted to an 8% quarterly dividend increase to $0.14 per share and new data modernisation partnerships with Infosys and Microsoft. The higher payout, payable on March 13, 2026 to shareholders of record on February 27, 2026, arrived alongside these technology projects after a quarter of mixed earnings performance. See our latest analysis for CSX. Those updates arrived after a strong run in the shares, with the latest closing share price at US$42.78 and a 30-day share price return of 11.44%. The 1-year total shareholder return of 40.46% and 5-year total shareholder return of 46.71% point to momentum that has built rather than faded. If this freight rail story has you thinking about what else could be moving the market, it might be a good time to broaden your search and check out 20 top founder-led companies. With CSX trading near an all time high, along with a fresh 8% dividend bump and data partnerships in place, the real question now is whether the recent rally leaves upside on the table or if the market is already pricing in future growth. Most Popular Narrative: 6.1% Overvalued CSX closed at $42.78, a premium to the most followed fair value estimate of $40.31, which is built on detailed freight cycle and infrastructure assumptions. CSX's completion of major infrastructure projects, such as the Howard Street Tunnel and Blue Ridge subdivision rebuild, is expected to improve network fluidity, leading to increased operational efficiency and service reliability, which should enhance revenue and margin growth. CSX is leveraging enhanced operational tools and real-time decision-making systems to drive efficiency and asset utilization, which is expected to result in cost savings and margin improveme...
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Microsoft’s model fair value sits at US$595.996 per share, with no change to the central price target even as some of the underlying assumptions have been fine tuned. That stability lines up with research that has become more ba...
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Microsoft’s model fair value sits at US$595.996 per share, with no change to the central price target even as some of the underlying assumptions have been fine tuned. That stability lines up with research that has become more balanced, where firms are trimming published targets, talking up AI and core software, and at the same time stressing execution risk and richer valuation. As you read on, you will see how to track these shifting assumptions and what they might mean for following the evolving Microsoft story over time. Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Microsoft. What Wall Street Has Been Saying 🐂 Bullish Takeaways Goldman Sachs assumed coverage of Microsoft with a Buy rating and a US$655 price target, highlighting the company as well placed to benefit from artificial intelligence adoption across software over the coming years. Barclays kept an Overweight rating while trimming its Microsoft price target to US$610, and still described the setup for software in 2026 as favorable, with what it sees as stable macro and IT spending and low sector valuations. Wells Fargo maintained an Overweight rating while reducing its price target to US$665, and continues to frame AI as a key theme for 2026, grouping Microsoft with infrastructure and incumbent platforms that it sees as central to that trade. HSBC placed Microsoft among its Buy rated enterprise software names, arguing that AI is likely to be embedded into existing software platforms rather than replace them, and that current software valuations are at what it calls historic lows. 🐻 Bearish Takeaways Multiple firms, including Wells Fargo, Barclays, Goldman Sachs and others such as UBS, TD Cowen and Citi, have reduced Microsoft price targets, signaling more caution on...
Key Points Apis added 106,948 shares of Turning Point Brands, with an estimated trade value of $10.46 million based on the quarterly average price. Quarter-end position value rose by $12.14 million, reflecting both additional shares and price movement. The transaction accounted for a 1.82% increase in 13F reportable assets under management (AUM). Post-trade, Apis Capital Advisors holds 164,377 sha...
Key Points Apis added 106,948 shares of Turning Point Brands, with an estimated trade value of $10.46 million based on the quarterly average price. Quarter-end position value rose by $12.14 million, reflecting both additional shares and price movement. The transaction accounted for a 1.82% increase in 13F reportable assets under management (AUM). Post-trade, Apis Capital Advisors holds 164,377 shares of Turning Point Brands, valued at $17.82 million. The stake represents 3.1% of fund AUM, making it the fund's 12th-largest holding. 10 stocks we like better than Turning Point Brands › What happened According to a SEC filing dated Feb. 17, 2026, Apis Capital Advisors, LLC increased its position in Turning Point Brands (NYSE: TPB) by 106,948 shares during the fourth quarter. The estimated transaction value was $10.46 million, based on the average quarterly closing price. The quarter-end position value increased by $12.14 million, reflecting both the additional shares acquired and changes in the underlying stock price. What else to know The buy lifted the Turning Point Brands stake to 3.1% of 13F reportable AUM following the filing. Top holdings after the filing: Celcuity : $60.04 million (10.5% of AUM) Aris Mining : $39.31 million (6.8% of AUM) Garrett Motion : $38.87 million (6.8% of AUM) Talen Energy : $32.69 million (5.7% of AUM) SSR Mining : $32.49 million (5.7% of AUM) As of March 4, 2026, shares of Turning Point Brands were priced at $97.58, up 38.6% over the past year, outperforming the S&P 500 by 21 percentage points. Company Overview Metric Value Price (as of market close 3/4/26) $97.58 Market Capitalization $1.86 billion Revenue (TTM) $463.06 million Net Income (TTM) $68.15 million Company Snapshot Turning Point Brands: Offers branded consumer products, including rolling papers, moist snuff, chewing tobacco, cigars, and vapor/CBD products under the brands Zig-Zag and Stoker's. Generates revenue through the manufacturing, marketing, and distribution of tobacco ...
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Microsoft’s model fair value sits at US$595.996 per share, with no change to the central price target even as some of the underlying assumptions have been fine tuned. That stability lines up with research that has become more ba...
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Microsoft’s model fair value sits at US$595.996 per share, with no change to the central price target even as some of the underlying assumptions have been fine tuned. That stability lines up with research that has become more balanced, where firms are trimming published targets, talking up AI and core software, and at the same time stressing execution risk and richer valuation. As you read on, you will see how to track these shifting assumptions and what they might mean for following the evolving Microsoft story over time. Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Microsoft. What Wall Street Has Been Saying 🐂 Bullish Takeaways Goldman Sachs assumed coverage of Microsoft with a Buy rating and a US$655 price target, highlighting the company as well placed to benefit from artificial intelligence adoption across software over the coming years. Barclays kept an Overweight rating while trimming its Microsoft price target to US$610, and still described the setup for software in 2026 as favorable, with what it sees as stable macro and IT spending and low sector valuations. Wells Fargo maintained an Overweight rating while reducing its price target to US$665, and continues to frame AI as a key theme for 2026, grouping Microsoft with infrastructure and incumbent platforms that it sees as central to that trade. HSBC placed Microsoft among its Buy rated enterprise software names, arguing that AI is likely to be embedded into existing software platforms rather than replace them, and that current software valuations are at what it calls historic lows. 🐻 Bearish Takeaways Multiple firms, including Wells Fargo, Barclays, Goldman Sachs and others such as UBS, TD Cowen and Citi, have reduced Microsoft price targets, signaling more caution on...