The artificial intelligence boom sometimes gets a bad rap for fueling pure speculation in companies with weak underlying businesses. But there are plenty of companies making significant profits now due to surging AI-related demand. Three connected to that space that boast enviable profit margins today are Micron Technology (NASDAQ: MU) , Sandisk (NASDAQ: SNDK) , and Broadcom (NASDAQ: AVGO) . These...
The artificial intelligence boom sometimes gets a bad rap for fueling pure speculation in companies with weak underlying businesses. But there are plenty of companies making significant profits now due to surging AI-related demand. Three connected to that space that boast enviable profit margins today are Micron Technology (NASDAQ: MU) , Sandisk (NASDAQ: SNDK) , and Broadcom (NASDAQ: AVGO) . These companies are experiencing booms in their businesses thanks to high demand for AI processors, storage, and memory, coupled with low supply. And the result is that all of them are enjoying high profit margins that could persist for years. Continue reading
US efforts to end the war with Iran were dealt a setback after a commercial vessel was apparently seized by unauthorized personnel near the United Arab Emirates, increasing uncertainty over control of the critical Strait of Hormuz. The ship, whose identity wasn’t immediately clear, was taken 38 nautical miles off the UAE coast and is now bound for the Islamic Republic, the UK Maritime Trade Operat...
US efforts to end the war with Iran were dealt a setback after a commercial vessel was apparently seized by unauthorized personnel near the United Arab Emirates, increasing uncertainty over control of the critical Strait of Hormuz. The ship, whose identity wasn’t immediately clear, was taken 38 nautical miles off the UAE coast and is now bound for the Islamic Republic, the UK Maritime Trade Operations said in a statement on Thursday. The incident came amid an apparent uptick in vessels transiting the strait, which usually handles about a fifth of the world’s oil and liquefied natural gas supply. Its effective closure since the US and Israel began bombing Iran in late February has upended energy markets and led to global supply shortages. US Secretary of State Marco Rubio urged China to persuade Iran to help reopen Hormuz, saying a protracted closure threatens the economies of countries that Beijing relies on for exports. “We made the argument to the Chinese — it’s in their interest to resolve this,” Rubio told Fox News on Air Force One as he traveled to China with President Donald Trump . “We’re hoping to convince them to play a more active role in getting Iran to walk away from what they are doing and trying to do now in the Persian Gulf.” Rubio’s remarks signal the war in Iran is high on the agenda for talks between Trump and Chinese President Xi Jinping over the next two days. China is the Islamic Republic’s largest oil buyer and a key diplomatic partner, supplying Tehran with goods from consumer products to electronics. The US sees that relationship as an opportuninty to enlist Beijing’s help in reaching a deal with Iran to end the war, which has been locked in stalemate since a ceasefire was agreed just over a month ago. Oil prices held steady on Thursday, with Brent crude trading at about $106 a barrel after falling 2% in the previous session. They’ve risen by nearly 50% since the war began, and the International Monetary Fund has warned of a broad slowdown in...