Astera Labs Inc. (NASDAQ:ALAB) is one of the 10 Stocks With Powerful Gains. Astera Labs bounced back by 13.30 percent on Tuesday to finish at $244.26 apiece, as investor sentiment was bolstered by Evercore ISI’s bullish call for its stock. In a market note during the day, the investment firm raised its price target for the company by 38 percent to $297 from $215 previously, while keeping an outper...
Astera Labs Inc. (NASDAQ:ALAB) is one of the 10 Stocks With Powerful Gains. Astera Labs bounced back by 13.30 percent on Tuesday to finish at $244.26 apiece, as investor sentiment was bolstered by Evercore ISI’s bullish call for its stock. In a market note during the day, the investment firm raised its price target for the company by 38 percent to $297 from $215 previously, while keeping an outperform rating. Photo from Astera Labs Investors also welcomed CEO Jitendra Mohan’s presentation of Astera Labs Inc.’s (NASDAQ:ALAB) newest AI data center networking solutions at the JPMorgan annual Global Technology, Media and Communications Conference. Apart from JPMorgan, Astera Labs Inc. (NASDAQ:ALAB) will also participate and present in the 54th Annual Technology, Media & Telecom Conference by TD Cowen in New York on May 27, as well as the 2026 Evercore Global TMT Conference on June 3 in San Francisco. In other news, the company earlier this month unveiled a new memory-semantic fabric switch called the Scorpio X-Series 320 Lane, designed to improve token economics and support large-scale clusters with minimal latency. According to Astera Labs Inc. (NASDAQ:ALAB), Scorpio's software-defined architecture is designed to integrate seamlessly with leading merchant and custom silicon, enabling AI labs and hyperscalers to integrate and deploy new accelerator platforms for both training and inference. While we acknowledge the potential of RXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
Astera Labs Inc. (NASDAQ:ALAB) is one of the 10 Stocks With Powerful Gains. Astera Labs bounced back by 13.30 percent on Tuesday to finish at $244.26 apiece, as investor sentiment was bolstered by Evercore ISI’s bullish call for its stock. In a market note during the day, the investment firm raised its price target for the company by 38 percent to $297 from $215 previously, while keeping an outper...
Astera Labs Inc. (NASDAQ:ALAB) is one of the 10 Stocks With Powerful Gains. Astera Labs bounced back by 13.30 percent on Tuesday to finish at $244.26 apiece, as investor sentiment was bolstered by Evercore ISI’s bullish call for its stock. In a market note during the day, the investment firm raised its price target for the company by 38 percent to $297 from $215 previously, while keeping an outperform rating. Photo from Astera Labs Investors also welcomed CEO Jitendra Mohan’s presentation of Astera Labs Inc.’s (NASDAQ:ALAB) newest AI data center networking solutions at the JPMorgan annual Global Technology, Media and Communications Conference. Apart from JPMorgan, Astera Labs Inc. (NASDAQ:ALAB) will also participate and present in the 54th Annual Technology, Media & Telecom Conference by TD Cowen in New York on May 27, as well as the 2026 Evercore Global TMT Conference on June 3 in San Francisco. In other news, the company earlier this month unveiled a new memory-semantic fabric switch called the Scorpio X-Series 320 Lane, designed to improve token economics and support large-scale clusters with minimal latency. According to Astera Labs Inc. (NASDAQ:ALAB), Scorpio's software-defined architecture is designed to integrate seamlessly with leading merchant and custom silicon, enabling AI labs and hyperscalers to integrate and deploy new accelerator platforms for both training and inference. While we acknowledge the potential of RXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
peshkov/iStock via Getty Images Market Snapshot ▪ The MSCI ACWI ex US Small Cap Index ended the quarterly slightly down, as encouraging corporate earnings results at the start of the year were overtaken by concerns about the war in Iran. ▪ Energy was the strongest sector, rising 25%. Energy-producing markets, such as Canada and the Middle East, also outperformed. ▪ Utilities did well, as investors...
peshkov/iStock via Getty Images Market Snapshot ▪ The MSCI ACWI ex US Small Cap Index ended the quarterly slightly down, as encouraging corporate earnings results at the start of the year were overtaken by concerns about the war in Iran. ▪ Energy was the strongest sector, rising 25%. Energy-producing markets, such as Canada and the Middle East, also outperformed. ▪ Utilities did well, as investors favored domestically oriented businesses insulated from the effects of war and sought high dividend-yielding stocks in a risk-off environment. ▪ Consumer Discretionary small caps were hit the hardest, especially durable goods and apparel, as macroeconomic and geopolitical uncertainty weighed on consumer sentiment. ▪ Stocks of companies in the highest quintile of quality—many of which are software and services stocks—underperformed those in the lowest by almost 9 percentage points. Those in the fastest-growing quintile of the market also lagged. Index Performance ((USD %)) MSCI ACWI ex US Small Cap Index Sector 1Q 2026 Trailing 12 Months Communication Services -7.5 10.3 Consumer Discretionary -9.3 6.5 Consumer Staples -0.4 10.0 Energy 25.3 68.0 Financials -2.0 31.9 Health Care -4.2 11.5 Industrials -0.1 31.2 Information Technology 5.1 46.1 Materials 2.6 51.4 Real Estate -6.0 13.0 Utilities 8.0 39.9 Click to enlarge Region 1Q 2026 Trailing 12 Months Canada 7.3 67.6 Emerging Markets -0.7 25.0 Europe EMU -3.3 23.5 Europe ex EMU -5.3 17.3 Japan 3.7 28.9 Middle East 7.6 96.5 Pacific ex Japan -4.9 24.2 MSCI ACWI ex US Small Cap Index -0.4 28.4 Click to enlarge Source: FactSet, MSCI Inc. Data as of March 31, 2026. Click to enlarge What's on Our Minds Two very different events shaped markets in the first quarter of 2026. The first was Anthropic ( ANTHRO )'s release of Claude Opus 4.6, a more powerful AI model that enhanced Claude Code's ability to write software with minimal human intervention. Software stocks fell precipitously in what traders called the "SaaSocalypse, " a term ev...
Broadcom (NasdaqGS:AVGO) has renewed and expanded a five year VMware Cloud Foundation agreement with London Stock Exchange Group to support secure private cloud infrastructure. The partnership focuses on operational efficiency and private cloud capabilities for a large, regulated financial markets customer. The deal follows Broadcom’s VMware acquisition and recent AI focused product updates in its...
Broadcom (NasdaqGS:AVGO) has renewed and expanded a five year VMware Cloud Foundation agreement with London Stock Exchange Group to support secure private cloud infrastructure. The partnership focuses on operational efficiency and private cloud capabilities for a large, regulated financial markets customer. The deal follows Broadcom’s VMware acquisition and recent AI focused product updates in its infrastructure portfolio. Broadcom, trading at $411.07, has very large multi year returns, including a gain of 78.9% over the past year and 18.3% year to date. The stock has moved only modestly over the past month, up 1.1%, while the past week shows a small decline of 2.0%. This puts the new London Stock Exchange Group agreement into focus as investors assess recent news alongside a strong longer term track record. For investors watching NasdaqGS:AVGO, this renewed five year VMware Cloud Foundation deal highlights ongoing traction for Broadcom’s private cloud offerings with a highly regulated financial customer. As AI infrastructure spending and cloud architectures continue to evolve, partnerships of this type may help clarify how Broadcom aims to position its combined semiconductor and software businesses with large enterprises. Stay updated on the most important news stories for by adding it to your or . Alternatively, explore our to discover new perspectives on Broadcom. NasdaqGS:AVGO Earnings & Revenue Growth as at May 2026 The renewed five year VMware Cloud Foundation agreement with London Stock Exchange Group sits at the intersection of Broadcom’s AI hardware push and its infrastructure software ambitions. LSEG is a highly regulated, systemically important financial markets operator, so Broadcom securing an expanded role in its private cloud suggests that VMware Cloud Foundation 9 is being taken seriously for mission critical workloads, including production AI. For you as an investor, this is less about immediate revenue impact and more about proof that Broadcom’s po...
Hong Kong plans to launch a new gold-clearing system by July, advancing the city’s ambitions to become a global hub for bullion trading. The government-owned mechanism will mirror the financial infrastructure used in London, the world’s largest bullion market, and allow participants to settle trades through unallocated accounts, people familiar with the matter said, requesting anonymity as they ar...
Hong Kong plans to launch a new gold-clearing system by July, advancing the city’s ambitions to become a global hub for bullion trading. The government-owned mechanism will mirror the financial infrastructure used in London, the world’s largest bullion market, and allow participants to settle trades through unallocated accounts, people familiar with the matter said, requesting anonymity as they are not authorized to speak to the media. Unallocated accounts allow for faster and more scalable trading, which is important for liquidity. They permit customers to hold a claim against the clearer on a quantity of gold without the need to own specific, numbered bars. Most precious metals traded in London are cleared in this way. Hong Kong has invited a number of China-friendly central banks to participate in the clearing system as part of a push to promote itself as a trading, financing and storage hub. The special administrative region has also signed a cooperation pact with the Shanghai Gold Exchange and plans to expand gold-storage capacity to 2,000 tons within three years. Read More: Hong Kong Woos Central Banks to Become Gold-Trading Hub In an emailed response to questions, the Hong Kong government agency behind the clearing system, known as the Financial Services and the Treasury Bureau, said preparatory work “has entered its final stage and trial operation of the clearing system is scheduled to commence within this year.” The clearing system has attracted significant interest from the industry, two of the people said, particularly from trading houses and financial institutions seeking an alternative for trading gold within Asia, home to two of the world’s major bullion consumers in China and India. Eleven banks – five Chinese and six international – are on the board of the Hong Kong clearing company, according to an announcement by the regional government last month. These include Industrial and Commercial Bank of China Ltd. and Bank of China Ltd., as well as HSBC Gr...
AI adoption is on the rise in Singapore, with 52% of workers in the country using the technology in their jobs, according to Slack's new Workforce Index. Primeimages | E+ | Getty Images Singapore has inked separate agreements with Google and OpenAI to strengthen its position as a global artificial intelligence hub and accelerate AI deployment across public services, healthcare, education and enter...
AI adoption is on the rise in Singapore, with 52% of workers in the country using the technology in their jobs, according to Slack's new Workforce Index. Primeimages | E+ | Getty Images Singapore has inked separate agreements with Google and OpenAI to strengthen its position as a global artificial intelligence hub and accelerate AI deployment across public services, healthcare, education and enterprise. The agreements, announced on Wednesday, include a new National AI Partnership with Google and the first memorandum of understanding between Singapore and OpenAI, which will see it set up an AI lab in the city. Under the partnership, OpenAI will commit more than 300 million Singapore dollars ($234 million) to strengthen Singapore's AI ecosystem, according to a joint statement released by the ChatGPT-maker and the Ministry of Digital Development and Information. While Google's announcement didn't include an investment commitment, the company said the main focus would be on solving societal challenges, building an AI-ready workforce, driving enterprise innovation and creating a secure AI ecosystem. The companies announced the news alongside Singapore's ATxSummit, a flagship technology conference taking place in the city with a heavy focus on AI deployment this year. The city-state has been trying to carve out a niche in the global AI race, positioning itself as a neutral and talent-rich platform for developing, testing and deploying AI solutions. Google and OpenAI's deals also build on Singapore's broader national AI strategy, which includes an investment commitment of more than 1 billion Singapore dollars to strengthen public AI research capabilities over five years from 2025 to 2030. Singapore has attracted major commitments from global AI players, including Amazon 's AWS and Microsoft , in addition to frontline model developers such as Google DeepMind and OpenAI. Frontline deployment The establishment of the "OpenAI Singapore Applied AI Lab" — the first such lab esta...