Joy Alukkas , an Indian tycoon who built one of the world’s biggest family-owned jewelers, sees gold prices tracking higher over the coming years in response to a world hit by geopolitical and economic risks. The US attacks on Iran and surprise retaliatory drone strikes on Dubai that struck the city’s airport and landmark Burj Al Arab hotel are just one of them. “Whenever there is tension in the w...
Joy Alukkas , an Indian tycoon who built one of the world’s biggest family-owned jewelers, sees gold prices tracking higher over the coming years in response to a world hit by geopolitical and economic risks. The US attacks on Iran and surprise retaliatory drone strikes on Dubai that struck the city’s airport and landmark Burj Al Arab hotel are just one of them. “Whenever there is tension in the world, people naturally run to gold for safety. That can lift prices for a few days,” the owner of Joyalukkas Group said in an interview from Dubai, which he was visiting when the recent attacks occurred. “Over the next 2 to 3 years, unless the world sees real improvement in the bigger picture, especially around the US economy and wider geopolitics, I don’t see a meaningful correction. There can be dips, but the overall direction still looks upward.” The comments underline how some of the world’s biggest accumulators of the metal view the recent volatility. Gold has surged more than 75% in a year to trade above $5,000 an ounce and hit a record in January. Alukkas, 69, says his close to 200 stores across the UAE, India, US and elsewhere are sitting on nearly 16,000 kilos of inventory of the precious metal, like bars and jewelry. When gold goes up, the value of his stock — in some cases built up over decades — also rises, Alukkas said. That long holding history provides resilience against moves like 10% to 20% fluctuations. But on the flipside, he has to replace stock at today’s higher price. “Working capital goes up, and every refill costs more,” said the entrepreneur, worth $5.8 billion, according to the Bloomberg Billionaires Index . Read more: Hong Kong Value Stock Tycoon Puts Quarter of Wealth in Gold To be sure, one regional event by itself usually does not push gold to a totally new level, Alukkas said in reference to the recent turmoil in the Middle East. For gold to move sharply and stay there, it needs bigger global triggers like what happens to US interest rates, th...
Artificial intelligence (AI) has the potential to disrupt many companies and industries, but predicting which ones will succeed is difficult. One way to play the AI boom is to focus on the pick-and-shovel stocks that benefit no matter who strikes it rich in the AI gold rush. If you've got $1,000 or more to put toward a couple of AI stocks right now, here's why you should consider Taiwan Semiconduc...
Artificial intelligence (AI) has the potential to disrupt many companies and industries, but predicting which ones will succeed is difficult. One way to play the AI boom is to focus on the pick-and-shovel stocks that benefit no matter who strikes it rich in the AI gold rush. If you've got $1,000 or more to put toward a couple of AI stocks right now, here's why you should consider Taiwan Semiconductor (TSM +1.22%) and Micron Technology (MU +5.56%). Taiwan Semiconductor will be building AI processors for years to come If you've been following the tech sector for a while, you likely know about Taiwan Semiconductor Manufacturing Company (TSMC), also known as TSMC. The company is a leader in manufacturing of the world's most advanced processors, with about 70% market share in advanced chip manufacturing. That's even more important than it sounds, because TSMC continues to invest in newer and more advanced manufacturing processes that keep it ahead of rivals like Intel and Samsung. The continual investment in new manufacturing techniques and smaller processors has helped the company carve out a competitive advantage that could last for years. In TSMC's fourth quarter, sales rose 26% to $33.7 billion while earnings rose 35% to $3.14 per American depositary receipt. More growth is likely on the way, too, with management issuing 2026 revenue guidance growth of 30% for the full year. Adding to TSMC's appeal is that its shares look cheap right now. Taiwan Semiconductor stock has a price-to-earnings ratio of just 35 right now, which is cheaper than the average P/E ratio for the tech sector of 39. Expand NYSE : TSM Taiwan Semiconductor Manufacturing Today's Change ( 1.22 %) $ 4.31 Current Price $ 357.44 Key Data Points Market Cap $1.8T Day's Range $ 354.55 - $ 361.09 52wk Range $ 134.25 - $ 390.20 Volume 12M Avg Vol 13M Gross Margin 58.73 % Dividend Yield 0.87 % Micron's got the memory processors AI companies can't get enough of While graphics processing units understandably get...
Key Points A recent acquisition is fueling Wix's growth. Management says the company's latest product launches are "gamechangers." 10 stocks we like better than Wix.com › Shares of Wix.com (NASDAQ: WIX) rallied on Wednesday after the cloud-based web development specialist highlighted the success of its artificial intelligence (AI) initiatives. By the close of trading, Wix's stock price was up more...
Key Points A recent acquisition is fueling Wix's growth. Management says the company's latest product launches are "gamechangers." 10 stocks we like better than Wix.com › Shares of Wix.com (NASDAQ: WIX) rallied on Wednesday after the cloud-based web development specialist highlighted the success of its artificial intelligence (AI) initiatives. By the close of trading, Wix's stock price was up more than 12%. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Wix's AI advancements Wix's revenue rose 14% year over year to $524.3 million in the fourth quarter. The company's creative subscriptions revenue, which includes sales of its website-building tools, increased 12% to $370.4 million. Its business solutions revenue, which Wix generates from a broad range of marketing and e-commerce offerings, jumped 18% to $153.8 million. Wix is seeing strong demand for its AI-powered tools. In June, it acquired vibe coding platform Base44 for $80 million plus future earn-out payments. And in January, Wix launched Harmony, a hybrid website builder that combines the company's intuitive drag‑and‑drop controls with agentic AI technology. "We believe deeply that Harmony and Base44 are gamechangers, the first major steps in our mission to reshape how people create in an AI world and the foundational pillars of Wix's growth ahead," Wix president Nir Zohar said. Zohar went on to note that institutional investors led by Durable Capital Partners agreed to make $250 million in equity investments in Wix, signaling their confidence in its AI-driven expansion strategy. Wix's strong cash generation likely also played a part. The company produced $155.6 million in free cash flow in the fourth quarter. More AI-fueled gains to come Looking ahead, Wix projects mid-teens percentage revenue growth in 2026. "We expect 2026 to be a pivota...
Broadcom on Wednesday delivered a solid quarterly results while painting an increasingly upbeat picture around the future of its custom AI chip business. The report showed that despite fading enthusiasm for Broadcom's stock, its most important business still has the wind at its back. Revenue in the fiscal first quarter of 2026, which ended Feb. 1, was a record of $19.31 billion, ahead of the $19.1...
Broadcom on Wednesday delivered a solid quarterly results while painting an increasingly upbeat picture around the future of its custom AI chip business. The report showed that despite fading enthusiasm for Broadcom's stock, its most important business still has the wind at its back. Revenue in the fiscal first quarter of 2026, which ended Feb. 1, was a record of $19.31 billion, ahead of the $19.18 billion consensus forecast, according to estimates compiled by LSEG. On an annual basis, revenue rose 29%. Adjusted earnings per share (EPS) increased 28% to $2.05, also outpacing expectations of $2.03, LSEG data showed. Adjusted EBITDA grew 30% to a record $13.13 billion in the quarter, beating the FactSet consensus of $12.76 billion. A measure of operating profitability, EBTIDA is short for earnings before interest, taxes, depreciation, and amortization. AVGO 1Y mountain Broadcom's stock over the past 12 months. Bottom line We may be just scratching the surface of what's to come for Broadcom. Yes, the custom AI chip designer has already seen incredible growth during this artificial intelligence boom. However, Wednesday's earnings report and conference call make it clear there's plenty more on the way as the most important AI companies in the world look to Broadcom for help making specialized chips to further their ambitions. This report should hopefully tamp down at least some of the negativity around Broadcom's chip business — specifically, that some of its customers like Google might look to bring more of the silicon design process in-house, relying less on Broadcom's intellectual property and more on what's called "customer-owned tooling," or COT. That concern has been one of the reasons why Broadcom's stock has struggled to gain traction this year. CEO Hock Tan said on the call that Broadcom will not see competition in customer-owned tooling "for many years to come." His rationale: We're still in the land-grab stage of the AI computing race, and customers who want s...