Robert Way/iStock Editorial via Getty Images Introduction Nvidia Corporation ( NVDA ) is closing out the big tech earnings season on May 20 , and today I’ll take a look at what to expect heading into the earnings, not only business-wise but also for the stock price. Breaking down this stock before the earnings has slowly become a tradition of mine, as my latest coverage was before the company anno...
Robert Way/iStock Editorial via Getty Images Introduction Nvidia Corporation ( NVDA ) is closing out the big tech earnings season on May 20 , and today I’ll take a look at what to expect heading into the earnings, not only business-wise but also for the stock price. Breaking down this stock before the earnings has slowly become a tradition of mine, as my latest coverage was before the company announced its previous quarter. Back then, I said the company looks strong, but it still could sink after it publishes the results: If I weren't already a shareholder, I wouldn't be buying ahead of earnings. The stock often dips after the report, so I’d either wait or split my entry between "before" and "after" just to be safe. Ultimately, Nvidia is the type of solid company you can dollar-cost average into over the long term. Even if the AI boom slows down, we will eventually see new hardware update cycles in three, five, or seven years. Nvidia will simply become a cyclical leader, dipping when the cycle cools, and surging whenever the companies start upgrading. Previous Coverage Not only did the stock drop on earnings as I’d predicted, but the market sentiment based on geopolitical fears also continued dragging it down throughout March 2026. The stock went as low as $165 per share soon after that piece was written. My previous article was largely focused on sentiment around Nvidia, and while I wasn’t trying to predict the war, I mentioned it was one of the main drivers of NVDA price movement, which remains true to this very day. Data by YCharts Today, I’ll discuss the underlying business of Nvidia, focusing more on numbers in Q4 2026 and expectations for Q1 2027. If you’re interested in Nvidia’s AI positioning, I suggest reading my article about it . Q1 2027 Preview Going into this quarter, the management has set a revenue target of $78 billion, which would be a 14.5% increase quarter over quarter (if achieved) and a $10 billion growth in only 3 months. $10 billion, this is a...
Robert Way/iStock Editorial via Getty Images Introduction Nvidia Corporation ( NVDA ) is closing out the big tech earnings season on May 20 , and today I’ll take a look at what to expect heading into the earnings, not only business-wise but also for the stock price. Breaking down this stock before the earnings has slowly become a tradition of mine, as my latest coverage was before the company anno...
Robert Way/iStock Editorial via Getty Images Introduction Nvidia Corporation ( NVDA ) is closing out the big tech earnings season on May 20 , and today I’ll take a look at what to expect heading into the earnings, not only business-wise but also for the stock price. Breaking down this stock before the earnings has slowly become a tradition of mine, as my latest coverage was before the company announced its previous quarter. Back then, I said the company looks strong, but it still could sink after it publishes the results: If I weren't already a shareholder, I wouldn't be buying ahead of earnings. The stock often dips after the report, so I’d either wait or split my entry between "before" and "after" just to be safe. Ultimately, Nvidia is the type of solid company you can dollar-cost average into over the long term. Even if the AI boom slows down, we will eventually see new hardware update cycles in three, five, or seven years. Nvidia will simply become a cyclical leader, dipping when the cycle cools, and surging whenever the companies start upgrading. Previous Coverage Not only did the stock drop on earnings as I’d predicted, but the market sentiment based on geopolitical fears also continued dragging it down throughout March 2026. The stock went as low as $165 per share soon after that piece was written. My previous article was largely focused on sentiment around Nvidia, and while I wasn’t trying to predict the war, I mentioned it was one of the main drivers of NVDA price movement, which remains true to this very day. Data by YCharts Today, I’ll discuss the underlying business of Nvidia, focusing more on numbers in Q4 2026 and expectations for Q1 2027. If you’re interested in Nvidia’s AI positioning, I suggest reading my article about it . Q1 2027 Preview Going into this quarter, the management has set a revenue target of $78 billion, which would be a 14.5% increase quarter over quarter (if achieved) and a $10 billion growth in only 3 months. $10 billion, this is a...
Citadel Securities is taking a do-it-yourself approach to clearing its equity options trades, bringing an end to a business relationship with Bank of America Corp. going back a quarter century. The shift this year to taking over the the operationally demanding and liability laden task of routing options trades into central clearing houses comes as concerns grew at Bank of America that Citadel’s de...
Citadel Securities is taking a do-it-yourself approach to clearing its equity options trades, bringing an end to a business relationship with Bank of America Corp. going back a quarter century. The shift this year to taking over the the operationally demanding and liability laden task of routing options trades into central clearing houses comes as concerns grew at Bank of America that Citadel’s development into one of the dominant market makers in US options was tying up too much of the bank’s balance sheet, according to people familiar with the matter, who asked not to be named because the information isn’t public. The market-making behemoth’s move is the fruition of an amicable, multi-year discussion between Citadel Securities and the bank around concentration risk and growth plans, the people said. BofA raised concerns several years ago about how fast Citadel Securities’ options business was expanding and how much of the bank’s equity prime brokerage balance sheet it was taking up. Since 2020, average daily volume in the US listed options market has ballooned 130% to 69 million contracts a day, driven by an explosion of trading in short-duration contracts. Citadel Securities is the largest market maker in the US options market, and was the wholesaler for a third of options trades by retail brokers as of December 2025, according to data from Bloomberg Intelligence . On the other side, there were counterparty risk concerns at Citadel Securities, with the market maker largely reliant on a single provider to get trades into Options Clearing Corp., according to the people. At times, as much as 100% of the market maker’s flow was cleared through Bank of America. Merrill Lynch began clearing options for the market making arm of Ken Griffin ’s Citadel back in 2002, before being acquired by Bank of America in the wake of the 2008 financial crisis. Merrill’s relationship with Griffin stretches back further, to the days when he began trading securities out of his Harvard do...
panumas nikomkai/iStock via Getty Images Background The stock of IES Holdings, Inc. ( IESC ), a diversified infrastructure services provider based in Texas with expertise in the field of electrical and technology systems, has gotten off to a sturdy start in 2026. During a period when other industrial stocks are up by 16% (on average) and IESC’s infrastructure peers have fared even better, with 20%...
panumas nikomkai/iStock via Getty Images Background The stock of IES Holdings, Inc. ( IESC ), a diversified infrastructure services provider based in Texas with expertise in the field of electrical and technology systems, has gotten off to a sturdy start in 2026. During a period when other industrial stocks are up by 16% (on average) and IESC’s infrastructure peers have fared even better, with 20% gains (on average), IESC has surged ahead, outperforming these two pockets by a factor of 4-4.5x! YCharts Last week, IESC also came out with its Q2-26 earnings (the company subscribes to a September-ending fiscal) report, which provided yet another fillip to the share price (the stock is up by 5% since earnings came out). Now, given that it’s been over 7 months since I last gauged the temperature in the IESC counter, and we’ve also seen this earnings report come out (unfortunately, IESC doesn’t hold any earnings calls), I thought it would be a good time to come up with an update on this story. What To Make Of The Recent Q2 Earnings? While IESC is up by 5% over the past week, note that the initial reaction was a 2% pop on the day Q1 earnings came out. This was in stark contrast to the reaction seen after the Q2 earnings had come out in late January, when the stock had gapped down and ended up closing 20% lower in just 1 day! Investing Prima facie, IESC’s relative resoluteness after the Q2 earnings release may seem a tad surprising to a fair few, given that IESC not only missed topline estimates (like Q1), but the cadence of the miss was a lot more pronounced (a -3% miss, as opposed to a -0.6% miss in Q2)! Seeking Alpha However, on the flip side, the performance on the bottom line front was pretty impressive, with a solid 38% beat (well beyond the 15% beat seen in Q1). Seeking Alpha Crucially, the market is likely also comforted by the fact that topline growth, which had shown some signs of slowing down in Q3/Q4 '25, has started picking up again, with growth of almost 17% se...
Apple (AAPL) shares have demonstrated renewed strength and just broke out to new all-time highs. The stock currently maintains a “Moderate Buy” consensus among analysts, but I think the chart looks stronger than even that grade. AAPL’s recent Q2 fiscal 2026 earnings were strong, setting the stock up to be...
Apple (AAPL) shares have demonstrated renewed strength and just broke out to new all-time highs. The stock currently maintains a “Moderate Buy” consensus among analysts, but I think the chart looks stronger than even that grade. AAPL’s recent Q2 fiscal 2026 earnings were strong, setting the stock up to be...
Athlete and sport bodies call for rethink after health and education departments each propose £60m funding cuts Mo Farah and more than 70 leading UK sporting bodies have demanded the government rethink potential £120m cuts to school sports in England, after a clash between two departments over the funding. The Guardian reported earlier this year that the Department of Health and Social Care had in...
Athlete and sport bodies call for rethink after health and education departments each propose £60m funding cuts Mo Farah and more than 70 leading UK sporting bodies have demanded the government rethink potential £120m cuts to school sports in England, after a clash between two departments over the funding. The Guardian reported earlier this year that the Department of Health and Social Care had intended to cut its entire £60m contribution to school sports, though ministers have since said they intend to rethink the level of cuts. Continue reading...
On May 6, 2026, Lisanti Capital Growth disclosed in an SEC filing that it sold out its entire stake in Alphatec (NASDAQ:ATEC) , an estimated $5.42 million trade based on quarterly average pricing. According to a recent SEC filing dated May 6, 2026, Lisanti Capital Growth liquidated its entire position in Alphatec, selling 372,407 shares. The estimated transaction value was $5.42 million, calculate...
On May 6, 2026, Lisanti Capital Growth disclosed in an SEC filing that it sold out its entire stake in Alphatec (NASDAQ:ATEC) , an estimated $5.42 million trade based on quarterly average pricing. According to a recent SEC filing dated May 6, 2026, Lisanti Capital Growth liquidated its entire position in Alphatec, selling 372,407 shares. The estimated transaction value was $5.42 million, calculated using the average unadjusted closing price for the first quarter of 2026. The quarter-end value of the position decreased by $7.84 million, capturing both the trade and share price movement over the period. Alphatec is a U.S.-based medical technology company specializing in innovative solutions for the surgical treatment of spinal disorders. The company leverages a direct sales model and a network of independent distributors to deliver a broad range of proprietary devices and biologics to healthcare providers nationwide. Continue reading
Investors pulled cash out of a BlackRock exchange-traded fund tracking South Korean equities at the fastest pace on record on Wednesday amid a broad-based rally that has taken the nation’s stock index to all-time highs. The $23 billion iShares MSCI South Korea ETF , known by the ticker EWY, recorded $409 million in withdrawals, marking its largest outflow on the fund’s history. The move came as th...
Investors pulled cash out of a BlackRock exchange-traded fund tracking South Korean equities at the fastest pace on record on Wednesday amid a broad-based rally that has taken the nation’s stock index to all-time highs. The $23 billion iShares MSCI South Korea ETF , known by the ticker EWY, recorded $409 million in withdrawals, marking its largest outflow on the fund’s history. The move came as the Kospi index soared 6% that day, boosted by companies in the supply chain for artificial intelligence. The gauge has leaped 75% this year. “South Korean equities have massive momentum,” said Todd Sohn , chief ETF strategist at Strategas Securities. “No one knows when that will stop, but taking some exposure down makes sense when at these extremes.” Wednesday’s outflow was the fifth in a row, totaling more than $900 million. While there are many positive factors boosting the equity market, there are growing concerns the rally is becoming excessive and may be driving some profit taking. Short sellers have added to their bearish positions in South Korean stocks, with some seeing a market pullback as inevitable after the rapid rally, Ihor Dusaniwsky , head of predictive analytics at S3 Partners, wrote in a client note this month. Still, analysts see earnings growth of more than 200% for Kospi stocks over the next 12 months. Read more: Up 75% Already in 2026, Korea’s Stock Market Is Hotter Than Ever
Arm Holdings Plc Chief Executive Officer Rene Haas said the company is experiencing an “explosion of demand” for its CPU architecture driven by AI workloads in data centers, with orders doubling to $2 billion in just five weeks. Designing components such as central processing units for artificial intelligence functions is a bright spot for Arm as it confronts sluggishness in the smartphone industr...
Arm Holdings Plc Chief Executive Officer Rene Haas said the company is experiencing an “explosion of demand” for its CPU architecture driven by AI workloads in data centers, with orders doubling to $2 billion in just five weeks. Designing components such as central processing units for artificial intelligence functions is a bright spot for Arm as it confronts sluggishness in the smartphone industry. The stock slumped as much as 10% in intraday trading Thursday after Arm reported weak quarterly royalty revenue, denting a rally that more than doubled the shares through Wednesday. Arm is benefiting from major cloud providers adopting its technology for AI infrastructure. “We are seeing huge demand,” Haas said in a Bloomberg Television interview, citing customers including Meta Platforms Inc. , OpenAI , Cerebras Systems Inc. and SK Telecom Co. While Arm has traditionally relied on smartphone chip royalties, the company’s data center and networking segment has become increasingly important, Haas said. That business has grown 63% year-over-year and now represents about 15% of total revenue, Haas said. “We are very confident” of reaching Arm’s $15 billion sales goal by fiscal year 2031, referring to Arm’s sales goal for fiscal year 2031. That compares with $4.92 billion for the year ended in March. He emphasized Arm’s power efficiency as a key advantage driving demand, noting customers can “get twice the performance” with their solutions. Haas, who recently took on an additional role leading SoftBank Group International, highlighted synergies between Arm and other SoftBank portfolio companies, including a 10-gigawatt data center facility being developed with the US Energy Department and SoftBank Energy. (This story was produced with the assistance of Bloomberg Automation.)
Benjamas Deekam/iStock via Getty Images Something unusual is happening with U.S. inflation data. While the core Consumer Price Index (CPI) has looked relatively cool recently, core Personal Consumption Expenditures (PCE) inflation has risen sharply. The incremental widening between the two inflation measures has accelerated meaningfully over the past few months, largely driven by the rapid adoptio...
Benjamas Deekam/iStock via Getty Images Something unusual is happening with U.S. inflation data. While the core Consumer Price Index (CPI) has looked relatively cool recently, core Personal Consumption Expenditures (PCE) inflation has risen sharply. The incremental widening between the two inflation measures has accelerated meaningfully over the past few months, largely driven by the rapid adoption and buildout of AI in the U.S. economy. Even without the risks introduced by the Iran conflict, the evolving trends in the inflation data would have complicated the outlook for Federal Reserve rate cuts. The three-month annualized pace of core PCE surged from 2.4% in November 2025 to 4.1% in February 2026. The gap between PCE and CPI year-over-year has flipped from a historically negative 30–40 basis points to positive 60 basis points – one of the largest reversals since 1985. Smoothing the data over six months still shows a significant and widening wedge between the two measures (see Figure 1). Figure 1: Key measures of core U.S. inflation have diverged notably since late 2025 Source: U.S. Bureau of Labor Statistics, U.S. Bureau of Economic Analysis, PIMCO calculations as of March 2026. Saar = seasonally adjusted annual rate. This divergence, and the factors driving it, are important because they highlight inflationary forces that aren’t fully reflected in CPI – and therefore aren’t fully visible to households, businesses, and policymakers, even though CPI numbers make headlines every month. In particular, it appears that tariff-related cost pressures weren’t the only driver of persistent inflation in recent months. Indeed, massive demand for semiconductors, memory capacity, and other components of the AI infrastructure buildout seems to be spilling over into consumer prices, with tech products and services playing an outsize role. The energy shock, which will likely affect the cost and the availability of these components, adds a new layer of uncertainty. AI demand and ...
Nofolk police arrest man on suspicion of public order offence and possession of offensive weapon A man has been arrested on suspicion of a public order offence and possession of an offensive weapon near the home of Andrew Mountbatten-Windsor. Norfolk police said: “Officers were called to Wolferton shortly after 7.30pm yesterday (Wednesday 6 May 2026) following a report a man was behaving in an int...
Nofolk police arrest man on suspicion of public order offence and possession of offensive weapon A man has been arrested on suspicion of a public order offence and possession of an offensive weapon near the home of Andrew Mountbatten-Windsor. Norfolk police said: “Officers were called to Wolferton shortly after 7.30pm yesterday (Wednesday 6 May 2026) following a report a man was behaving in an intimidating manner in the village. Continue reading...