Hong Kong experienced its hottest day of the year so far on Tuesday, with the city’s forecaster reporting temperatures of 31.6 degrees Celsius (88.8 Fahrenheit) at its headquarters in Tsim Sha Tsui in the afternoon. Data from the Hong Kong Observatory showed much of the city on Tuesday saw temperatures rising above 31 degrees, with some parts of the New Territories exceeding 33 degrees. “An anticy...
Hong Kong experienced its hottest day of the year so far on Tuesday, with the city’s forecaster reporting temperatures of 31.6 degrees Celsius (88.8 Fahrenheit) at its headquarters in Tsim Sha Tsui in the afternoon. Data from the Hong Kong Observatory showed much of the city on Tuesday saw temperatures rising above 31 degrees, with some parts of the New Territories exceeding 33 degrees. “An anticyclone aloft is bringing generally fine weather to the coast of Guangdong,” the Hong Kong Observatory...
akinbostanci/E+ via Getty Images Investment Thesis Every AI data center has three essential components to power large-scale AI workloads. You need compute, and the GPUs and accelerators to do the heavy lifting. You require memory, and the bandwidth that feeds these chips. The infrastructure needed to move data between all of them, and you need connectivity. A lot of the discussion around AI invest...
akinbostanci/E+ via Getty Images Investment Thesis Every AI data center has three essential components to power large-scale AI workloads. You need compute, and the GPUs and accelerators to do the heavy lifting. You require memory, and the bandwidth that feeds these chips. The infrastructure needed to move data between all of them, and you need connectivity. A lot of the discussion around AI investing so far has been around compute. Those headlines are dominated by Nvidia ( NVDA ), AMD ( AMD ) and Broadcom ( AVGO ). Memory (sometimes) gets its fair share of coverage too - I mean look at where RAM prices are headed. But connectivity is becoming the sexiest place to be, and within connectivity, there's a really interesting argument for why light is superior to copper at scale. That's the case at Lumentum Holdings ( LITE ). A company such as Credo Technology ( CRDO ) [which I recently covered, click here ] has built its business around copper-based Active Electrical Cables to carry data within racks, but Lumentum is working at the photonic layer. It converts electrical signals into light and transports them throughout the data center at greater speeds, longer distances, and much more efficiently than copper. The company's largest long-term opportunities are still in their early stages, optical circuit switches [OCS] and co-packaged optics [OCS]. The 90% year-over-year revenue growth in Q3 FY2026 was driven mainly by transceivers and EML laser chips. Once OCS and CPO revenues start to have a significant impact on the business, it could be a very different business from what it is today, which is why I rate the company as a Buy. Business Model Lumentum Products (Lumentum Website) Lumentum is a vertically integrated photonic manufacturer , designing and manufacturing Indium Phosphide (InP) laser chips and components that are used in optical transceivers, modules, and subsystems by cloud hyperscalers, AI infrastructure providers, and telecom network equipment manufacturers....
Roberto Schmidt/Getty Images News After the bell on Friday, we received first-quarter results from Trump Media & Technology Group ( DJT ). After a few years in business now, investors have been waiting for things to show some signs of progress. Unfortunately, the revenue situation still isn't showing dramatic growth, and the firm's losses continue to pile up. As a result, shares are close to their...
Roberto Schmidt/Getty Images News After the bell on Friday, we received first-quarter results from Trump Media & Technology Group ( DJT ). After a few years in business now, investors have been waiting for things to show some signs of progress. Unfortunately, the revenue situation still isn't showing dramatic growth, and the firm's losses continue to pile up. As a result, shares are close to their 52-week low, a mark that could be taken out rather soon if current trends continue. Previous coverage of the name It was back in early March when I last took a look at this company, right after Q4 results had been reported . Revenues then had barely grown over the year-ago period, while large losses were detailed thanks to a drop in the value of the firm's cryptocurrency holdings. Since that time, while US markets have risen to new highs, and the S&P 500 gained nearly 9% to last Friday's close, DJT shares have taken a 17% hit. Q1 results not great, rest of 2026 unclear To get a look at the company's full results, you have to read through the 10-Q filing . For the March period, Trump Media reported revenues of a little more than 871 thousand, up 50 thousand from the year-ago period. While the 6% increase was the best in the past four quarters, the overall revenue situation is not moving substantially higher as seen in the chart below. Trump Media Quarterly Revenue (Company Filings) The problem for the company is that with little revenue to date, expenses are just way too high. The cost of revenues in Q1 alone was over $1.5 million, while other operating expenses came in at nearly $49 million. Throw in another $244 million loss on crypto investments, and the operating loss was approaching $300 million. Bitcoin prices have rebounded in Q2, so some of that will be recovered, assuming prices hold. Interest expenses also outweighed interest income by another $4 million plus, and the company reported an investment loss of more than $108 million. In total, Trump Media detailed a n...
kontekbrothers/iStock via Getty Images The following segment was excerpted from the Artisan International Value Fund Q1 2026 Commentary. Almost two-thirds of the stocks in the portfolio declined during the quarter, with nearly half falling by more than 10%. This broad weakness was partially offset by strong performance from artificial intelligence (AI)-driven technology companies such as Samsung E...
kontekbrothers/iStock via Getty Images The following segment was excerpted from the Artisan International Value Fund Q1 2026 Commentary. Almost two-thirds of the stocks in the portfolio declined during the quarter, with nearly half falling by more than 10%. This broad weakness was partially offset by strong performance from artificial intelligence (AI)-driven technology companies such as Samsung Electronics ( SSNLF ), Nokia ( NOK )( NOKBF ) and ABB ( ABBNY ). Suncor Energy ( SU )( SU:CA ) also made a significant positive contribution, supported by strong earnings and higher oil prices. Samsung Electronics, the portfolio's largest investment, pre-released its Q1 results, highlighting significant growth in its core semiconductor operations. Preliminary estimates indicate that volume growth for the company's two primary memory products, DRAM and NAND, increased by roughly 30% since this time last year. However, the biggest driver of growth was pricing, not volume. Demand for silicon-heavy memory used in AI data centers has absorbed much of the industry's capacity, creating a supply-demand imbalance. As a result, contract prices for DRAM nearly doubled during the quarter, while NAND prices rose by 55%-60%. Combined with the company's operating leverage, this led to a significant increase in profits. Samsung's preliminary results were exceptional. Q1 revenue rose to 133 trillion won (approximately $90 billion), up from 79 trillion won in the same quarter last year. Operating profit reached a record 57 trillion won (a 43% margin), compared to 7 trillion won a year ago. The share price increased by 31% during the quarter and, as of this writing, is up 80% year-to-date. To illustrate how dramatically sentiment has shifted, less than a year ago, Samsung's market cap was around $275 billion, a level that primarily reflected its cash and investments and the company's mobile phone business. The value the market assigned to the core semiconductor operation was well below the cap...
Trump family members made roughly $1.55 billion from sales of World Liberty Financial Inc. tokens, lifting their total fortune by about $660 million, after accounting for previously undisclosed transactions, according to the Bloomberg Billionaires Index . The sales reveal a new stream of income to US President Donald Trump ’s family fortune. Since late 2024, the Trumps have amassed hundreds of mil...
Trump family members made roughly $1.55 billion from sales of World Liberty Financial Inc. tokens, lifting their total fortune by about $660 million, after accounting for previously undisclosed transactions, according to the Bloomberg Billionaires Index . The sales reveal a new stream of income to US President Donald Trump ’s family fortune. Since late 2024, the Trumps have amassed hundreds of millions of dollars from a portfolio of crypto interests ranging from Bitcoin mining to a memecoin named after Trump. The findings uncovered by Bloomberg News show that World Liberty Financial, co-founded by Trump and his sons, is now worth more to the family than any other business, including their stake in Trump Media & Technology Group Corp. , or even the famed Mar-a-Lago resort. World Liberty’s additional sales of a token called WLFI boosted the Trump family’s wealth by about 9% to $6.8 billion. The transactions were discovered with help from data analysis firm Tokenomist.ai. World Liberty sold a trove of its WLFI tokens publicly in late 2024 and early 2025, netting more than $550 million. The project sold another 5.9 billion tokens in what’s referred to as “white glove” sales, Bloomberg reported earlier this month. Tokenomist.ai’s examination of the project’s governance filings at Bloomberg’s request also identified an additional 1 billion tokens that appear to have been allocated to early investors, though the nature of that transaction could not be independently verified. “President Trump only acts in the best interests of the American public,” a White House spokesperson said in a statement. “There are no conflicts of interest.” A World Liberty spokesperson declined to comment. The previously unreported income accelerates a change that’s been underway for the first family’s wealth since the start of President Trump’s second term. An increasing share of the Trumps’ overall net worth comes from crypto ventures. As the Trump administration has embraced friendly regulatory ...
Prices at U.S. gas pumps aren't just irritatingly high; they're debilitating. Many Americans are feeling some serious budgetary strain due to the cost of driving their cars. Lower-income households are feeling the most pain, so much so that they're being forced to change their spending habits. Here are three stocks that could suffer the most if high gas prices continue to take a toll on consumer s...
Prices at U.S. gas pumps aren't just irritatingly high; they're debilitating. Many Americans are feeling some serious budgetary strain due to the cost of driving their cars. Lower-income households are feeling the most pain, so much so that they're being forced to change their spending habits. Here are three stocks that could suffer the most if high gas prices continue to take a toll on consumer spending. Image source: Getty Images. Continue reading