Tippapatt/iStock via Getty Images Quarterly review • The fund underperformed the Russell 2000 Value Index during the first quarter. • Stock selection in energy contributed the most to relative performance, however it was offset by our underweight to this best-performing sector. • Stock selection in the information technology (IT), health care, and consumer staples sectors were the largest detracto...
Tippapatt/iStock via Getty Images Quarterly review • The fund underperformed the Russell 2000 Value Index during the first quarter. • Stock selection in energy contributed the most to relative performance, however it was offset by our underweight to this best-performing sector. • Stock selection in the information technology (IT), health care, and consumer staples sectors were the largest detractors from relative performance. Market review January and early February saw a broadening of the markets and a continuation of the “low-quality trade reversal” that started in mid-October. However, the U. S. economic and inflation data that was released in mid-February had a significant impact on future interest rate and economic growth expectations. Expectations of further rate cuts quickly reversed and softer labor statistics sparked fears of a period of more challenging economic growth putting pressure on many of our industrials, materials, and consumer/housing-exposed stocks. Most of the major central banks paused their rate-cutting cycles due to the heightened geopolitical and inflation risks. The quick reversal in macroeconomic data also led to significant hedge fund de-risking during this period, when many hedge funds covered their “lower-quality” shorts. Many of the non-profitable IT stocks rallied during the second half of the quarter. The Iran conflict broke out at the end of February, causing global energy prices to spike. Energy producers rallied, and many of the stocks that consume energy performed poorly. The duration of the conflict will be the key determinant on how sustainable higher energy prices are, but past energy shocks have typically followed a similar pattern: energy shock to feedstock spike to margin compression to price hikes to inflation to margin expansion. We look to lean into the stocks that we believe have the pricing power to absorb and pass on rising input costs as we have successfully done in the past. High yield credit spreads have begun to ...
In recent weeks, Qualcomm has pushed further into AI and data centers, including securing a major hyperscaler customer for future data center processors, while also advancing on-device AI capabilities through products like Snapdragon-powered PCs and continued 5G and IoT development. At the same time, the company faces mixed analyst opinions, insider selling, and smartphone competition pressures, a...
In recent weeks, Qualcomm has pushed further into AI and data centers, including securing a major hyperscaler customer for future data center processors, while also advancing on-device AI capabilities through products like Snapdragon-powered PCs and continued 5G and IoT development. At the same time, the company faces mixed analyst opinions, insider selling, and smartphone competition pressures, all contributing to sharp swings in sentiment as investors reassess how much its AI and data center ambitions can offset handset-related risks. With Qualcomm’s shares recently retreating amid sector-wide volatility, we’ll examine how its expanding data center AI engagement reshapes the existing investment narrative. AI is about to change healthcare. These 29 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. QUALCOMM Investment Narrative Recap To own Qualcomm, you need to believe its push beyond smartphones into AI, data centers, PCs, automotive and IoT can steadily matter more than handset cycles and Apple exposure. The clearest near term catalyst is successful execution of its new hyperscaler data center CPU engagement, while the biggest risk is that handset and modem revenue pressures, intensified by OEM in house chips and China competition, make recent AI enthusiasm look premature. Recent volatility has not materially changed those core tensions. The most relevant recent announcement is Qualcomm’s new data center AI CPU deal with a leading hyperscaler, with shipments targeted before the end of 2026. This sits squarely against concerns that diversification into data centers and AI is still early and unproven, and that limited disclosure on customer identity and financial impact leaves room for disappointment if expectations around scale, timing or profitability prove too optimistic. Yet investors should also be aware that insider selling and renewed question...
In recent weeks, Qualcomm has pushed further into AI and data centers, including securing a major hyperscaler customer for future data center processors, while also advancing on-device AI capabilities through products like Snapdragon-powered PCs and continued 5G and IoT development. At the same time, the company faces mixed analyst opinions, insider selling, and smartphone competition pressures, a...
In recent weeks, Qualcomm has pushed further into AI and data centers, including securing a major hyperscaler customer for future data center processors, while also advancing on-device AI capabilities through products like Snapdragon-powered PCs and continued 5G and IoT development. At the same time, the company faces mixed analyst opinions, insider selling, and smartphone competition pressures, all contributing to sharp swings in sentiment as investors reassess how much its AI and data center ambitions can offset handset-related risks. With Qualcomm’s shares recently retreating amid sector-wide volatility, we’ll examine how its expanding data center AI engagement reshapes the existing investment narrative. AI is about to change healthcare. These 29 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. QUALCOMM Investment Narrative Recap To own Qualcomm, you need to believe its push beyond smartphones into AI, data centers, PCs, automotive and IoT can steadily matter more than handset cycles and Apple exposure. The clearest near term catalyst is successful execution of its new hyperscaler data center CPU engagement, while the biggest risk is that handset and modem revenue pressures, intensified by OEM in house chips and China competition, make recent AI enthusiasm look premature. Recent volatility has not materially changed those core tensions. The most relevant recent announcement is Qualcomm’s new data center AI CPU deal with a leading hyperscaler, with shipments targeted before the end of 2026. This sits squarely against concerns that diversification into data centers and AI is still early and unproven, and that limited disclosure on customer identity and financial impact leaves room for disappointment if expectations around scale, timing or profitability prove too optimistic. Yet investors should also be aware that insider selling and renewed question...
A former top scorer in Hong Kong’s public examinations has been named the 18th president of Northwestern University, becoming the first Asian American to lead the prestigious institution. Mung Chiang, who moved to Hong Kong from Tianjin at the age of 11 and attended Queen’s College before pursuing higher education at Stanford University in the United States, will take the helm from Michael Schill ...
A former top scorer in Hong Kong’s public examinations has been named the 18th president of Northwestern University, becoming the first Asian American to lead the prestigious institution. Mung Chiang, who moved to Hong Kong from Tianjin at the age of 11 and attended Queen’s College before pursuing higher education at Stanford University in the United States, will take the helm from Michael Schill at the Illinois-based university on July 1. He achieved top scores in the Hong Kong Certificate of Education Examination in 1995, earning 10 straight As, and was named the South China Morning Post’s Student Linguist of the Year the following year. Advertisement “I am honoured and thrilled to be Northwestern’s next president,” Chiang said in a statement on Monday (US time). “Now is the moment to protect and advance the freedom to seek truth, as is stated in our motto and featured in our University seal: ‘Whatsoever things are true’. Now is again the time to take a Northwestern direction and look to our future.” Advertisement The Trump administration froze US$790 million in federal funding for Northwestern last April amid congressional probes into the school’s handling of diversity, equity and inclusion (DEI) policies and Gaza anti-war protests.
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Tencent Holdings (SEHK:700) has joined the Singapore based Action for a Resilient Climate Coalition alongside CATL to support high quality carbon credits. The coalition focuses on trust and scientific rigor in carbon markets, targeting higher credibility in corporate offsetting. Tence...
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Tencent Holdings (SEHK:700) has joined the Singapore based Action for a Resilient Climate Coalition alongside CATL to support high quality carbon credits. The coalition focuses on trust and scientific rigor in carbon markets, targeting higher credibility in corporate offsetting. Tencent Cloud has announced new collaborations with AI firms Stream and ARKIE AI, expanding its cloud and AI partnerships. These moves highlight Tencent's twin focus on climate finance initiatives and AI driven cloud services. Tencent Holdings, trading at HK$460.0, sits at the intersection of large scale consumer platforms and growing cloud services. The stock is down 9.9% over the past 30 days and down 26.2% year to date, with a decline of 10.0% over the past year, while the 3 year return stands at 41.1%. These new climate and AI partnerships add extra context for investors tracking how SEHK:700 is positioning itself across different business lines. For investors, Tencent's role in a Singapore carbon credit coalition and its partnerships with Stream and ARKIE AI may be useful markers of where management is putting attention and resources. These developments could shape how the company participates in climate related finance and AI infrastructure, so they are worth watching alongside any future commentary from Tencent on capital allocation and business priorities. Stay updated on the most important news stories for Tencent Holdings by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Tencent Holdings. SEHK:700 Earnings & Revenue Growth as at May 2026 4 things going right for Tencent Holdings that this headline doesn't cover. Quick Assessment ✅ Price vs Analyst Target : At HK$460.0, the stock trades about 35% below the HK$709.46 analyst price target. ✅ Simply Wall St Valuation : Simply Wall St estimates the shares trade...
上海日式餐廳持刀傷人案 兩日本傷者留醫 外交部稱屬治安個案不應炒作 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】上海日式餐廳持刀傷人案，外交部稱有關部門正依法調查和處理。 網上流傳片段，一名中年男子坐在地上，用...
上海日式餐廳持刀傷人案 兩日本傷者留醫 外交部稱屬治安個案不應炒作 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】上海日式餐廳持刀傷人案，外交部稱有關部門正依法調查和處理。 網上流傳片段，一名中年男子坐在地上，用手按壓腹部傷口，隨後有救援人員到場。事件中兩名日本傷者留醫，但無生命危險，據報其中一人是日資企業高管，另一名傷者是中國女人。 事發在浦東一座商業大廈的餐廳內，一名男子周二用水果刀傷人。日本內閣官房長官木原稔要求中方確保日本公民安全，查明真相和嚴懲肇事者。 在北京，外交部稱，疑犯是精神障礙患者，事件是治安個案，主管部門正進一步偵辦，媒體等不應無端炒作。
South Korean chipmaker Samsung Electronics’ trade union said on Wednesday it will launch a planned 18-day strike after talks with management collapsed over a dispute on bonus payouts. “Around 10pm on May 19, the labour union agreed to the mediation proposal put forward by the National Labour Relations Commission; however, management expressed its refusal,” it said in a statement, adding that it wo...
South Korean chipmaker Samsung Electronics’ trade union said on Wednesday it will launch a planned 18-day strike after talks with management collapsed over a dispute on bonus payouts. “Around 10pm on May 19, the labour union agreed to the mediation proposal put forward by the National Labour Relations Commission; however, management expressed its refusal,” it said in a statement, adding that it would begin striking on Thursday. “The labour union will lawfully commence a general strike tomorrow as scheduled.” Advertisement Samsung union leader Choi Seung-ho said on Tuesday that the union was steadfast in its demand that changes in Samsung’s bonus schemes be formalised beyond one year. The union has also demanded Samsung abolish a cap on bonuses that stands at 50 per cent of annual salaries and allocate 15 per cent of annual operating profit to bonuses. Advertisement Samsung has proposed that memory chip workers receive one-off bonuses this year that would top those of SK Hynix employees, while the bonus cap would stay in place.