芯片代工巨头格芯发布了强劲的2026年第一季度财报，并给出了超出市场预期的第二季度业绩展望。在AI数据中心需求持续升温的背景下，多家华尔街机构上调了该公司的评级，Susquehanna便是其中之一。 财报数据显示，格芯第一季度营收为16.34亿美元，同比增长3.1%，符合市场预期。当季调整后每股收益为0.40美元，高于分析师普遍预期的0.35美元。值得注意的是，公司当季毛利率达到29%，同比大幅提升约510个基点，创下第一季度历史新高，同时运营现金流达到5.42亿美元。 更令市场振奋的是公司的前瞻指引。格芯预计第二季度营收约为17.6亿美元，调整后每股收益约为0.43美元，双双超出市场预期。管理层表示，通信基础设施和数据中心业务已成为核心增长引擎，该板块第一季度同比增长32%，连续第六个季度实现两位数增幅。公司预计，硅光子技术相关营收将在2026年实现翻倍增长。 基于上述强劲表现，Susquehanna将格芯股票评级从“中性”上调至“积极”，并设定了新的目标价。Needham & Company则将目标价从55美元大幅上调至80美元，维持“买入”评级。截至周二收盘，格芯股价当日上涨约9.3%，报74.05美元。 责任编辑：张俊 SF065

Image source: The Motley Fool. Wednesday, May 6, 2026 at 9:00 a.m. ET Need a quote from a Motley Fool analyst? Email pr@fool.com Continue reading

Cencora ( COR ) declares $0.60/share quarterly dividend , in line with previous. Forward yield 0.94% Payable June 1; for shareholders of record May 15; ex-div May 15. See COR Dividend Scorecard, Yield Chart, & Dividend Growth. More on Cencora Cencora, Inc. 2026 Q2 - Results - Earnings Call Presentation All Eyes On Cencora, A Healthcare Supplier That Could See Lots More Upside Cencora, Inc. (COR) Presents at Leerink Global Healthcare Conference 2026 Transcript Cencora Q2 2026 Earnings Preview Cencora to buy EyeSouth Partners’ retina business for $1.1B

onimate/iStock via Getty Images Investment Thesis I’ve been bullish on AMD ( AMD ) for a long time, especially around the idea that 2026 would become the real CPU and inference inflection rather than just another GPU cycle. The Q1 earnings validated my thesis of the AI transition from training to inference and orchestration and the growing need for CPU compute. Since my last coverage AMD has skyrocketed and I'm staying very bullish on the stock. Not only did AMD deliver $10.3 billion in revenues and guide Q2 way above consensus, but management doubled its server CPU TAM estimate all the way to $120 billion by 2030. That is not a run-of-the-mill TAM revision but a structural repricing of CPU importance inside AI infrastructure. seekingalpha.com CPU Growth Is Turning Into The True Story By far, the most important thing coming out of the quarter was AMD's dramatic revision of its server CPU TAM projection. Last November, management had estimated that the server CPU market would grow at around 18% CAGR and reach about $60 billion by 2030. Just months later, that projection was revised upwards by management. Now AMD expects the market to reach $120 billion by 2030 at above-35% CAGR. Such a huge change in TAM estimates in just a few months is an uncommon occurrence. This implies that the company's management perceives structural shifts in terms of server CPUs driven by its clients' needs, not the mere hypothetical growth of the market. This decision-making rationale requires further consideration. Lisa Su stressed that agentic AI and inferencing created additional demands for CPUs and did not replace GPUs. In essence, AI did not render CPUs obsolete; instead, it only made them even more indispensable. As AMD's management explained during the conference call, inferencing and agentic AI workloads require significantly more CPU computing power for orchestrations, data movement and parallel execution aside from serving as head nodes to accelerators. This might seem complicate...

onimate/iStock via Getty Images Investment Thesis I’ve been bullish on AMD ( AMD ) for a long time, especially around the idea that 2026 would become the real CPU and inference inflection rather than just another GPU cycle. The Q1 earnings validated my thesis of the AI transition from training to inference and orchestration and the growing need for CPU compute. Since my last coverage AMD has skyrocketed and I'm staying very bullish on the stock. Not only did AMD deliver $10.3 billion in revenues and guide Q2 way above consensus, but management doubled its server CPU TAM estimate all the way to $120 billion by 2030. That is not a run-of-the-mill TAM revision but a structural repricing of CPU importance inside AI infrastructure. seekingalpha.com CPU Growth Is Turning Into The True Story By far, the most important thing coming out of the quarter was AMD's dramatic revision of its server CPU TAM projection. Last November, management had estimated that the server CPU market would grow at around 18% CAGR and reach about $60 billion by 2030. Just months later, that projection was revised upwards by management. Now AMD expects the market to reach $120 billion by 2030 at above-35% CAGR. Such a huge change in TAM estimates in just a few months is an uncommon occurrence. This implies that the company's management perceives structural shifts in terms of server CPUs driven by its clients' needs, not the mere hypothetical growth of the market. This decision-making rationale requires further consideration. Lisa Su stressed that agentic AI and inferencing created additional demands for CPUs and did not replace GPUs. In essence, AI did not render CPUs obsolete; instead, it only made them even more indispensable. As AMD's management explained during the conference call, inferencing and agentic AI workloads require significantly more CPU computing power for orchestrations, data movement and parallel execution aside from serving as head nodes to accelerators. This might seem complicate...

mapo/iStock via Getty Images Portfolio Management Michael A. Cirami, CFA Portfolio Manager Sarah C. Orvin, CFA Portfolio Manager Performance Discussion The portfolio ( APFPX ) trended higher for Q1, outperforming the ICE BofA 3-Month Treasury Bill Index for the period, and has remained ahead of the index since inception. Investing Environment Elevated geopolitical tensions replaced tariffs as the risk du jour for global capital markets in Q1 2026. Major events that otherwise would have been focal points, such as the removal of Venezuelan President Nicolás Maduro or the growing strain between the US and other NATO partners, quickly became afterthoughts as conflict in the Middle East took center stage. The US and Israel launched air strikes on Iran beginning on February 28, citing the threat of the regime's ballistic missile program and potential nuclear capabilities. Iran responded in kind, retaliating with attacks against not only Israel and US assets in the Middle East but also other countries in the region. Iran effectively closed the Strait of Hormuz, a key shipping lane through which approximately 20% of global oil supply transits, causing energy prices to jump significantly. These higher prices and their potential impact on global inflation drove market volatility for the period. All segments of emerging markets (EM) debt experienced negative trending performance as a result of the fraught geopolitical environment. EM corporate bonds returned -0.21%, outperforming their hard currency and local currency counterparts. EM hard and local currency bonds returned -1.22% and -2.25%, respectively. Sovereign and corporate credit spreads widened over the quarter, as investors began to price in higher risk amid the conflict with Iran. Sovereign credit spreads widened more than corporate credit spreads, while high yield sovereigns declined to a greater degree than their investment-grade sovereign peers over the quarter. Venezuela was among the top-performing sovereign cred...

Israel Says Preparing For Escalation With Iran, Didn't Know Deal Was Close: 'Series Of Targets Ready' Wednesday saw yet another early morning Axios 'scoop' that within hours of being issued proved premature and too out front, given talk of Iran and the US being 'close' to a deal was quickly denied by Tehran and even President Trump quickly acknowledged it's "too soon" to plan peace talks with Iran. But the headline of "US and Iran closing in on one-page memo to end war" was enough to raise alarm bells in Israel , which has insisted that the conflict must end with a nuclear-free Iran. Maj. Gen. Eyal Zamir, via IDF/TOI "Israel was unaware that US President Donald Trump was close to reaching an agreement with Iran to end the fighting and open the Strait of Hormuz," an Israeli official told Army Radio soon after the optimistic peace deal headlines went international. "We were preparing for an escalation," the official said. Indeed the last couple weeks of stalled Pakistan-mediated talks have seen several reports out of Israel saying the Netanyahu government is waiting for the 'green light' from Washington to renew the aerial bombing campaign , which took place over prior 38 days as part of Operation Epic Fury. But as of Tuesday Secretary of State Marco Rubio announced that Epic Fury was ending, and that Project Freedom - to open the Strait of Hormuz - is the new focus. But even after that President Trump in the evening announced a 'pause' to allow negotiations to proceed . So there has been much confusion and contradictory signaling out of Washington to say the least. Tehran has meanwhile made clear its "finger is on the trigger" - but Israel is also saying the same thing. For example, IDF Chief of Staff Lt. Gen. Eyal Zamir on Wednesday made it known that military has a "series of targets" ready to strike in Iran at the moment the war resumes. "Cooperation with the United States military and coordination continue at all times, and we are monitoring the situation," he st...

United Parcel Service (NYSE: UPS) didn't have the best first quarter, with one-time events pushing earnings down to $1.07 per share in 2026 from $1.49 in 2025. Operating margin fell two percentage points. That isn't a particularly inspiring performance for a company in the middle of a multi-year turnaround. However, the company is still calling for the second half to be the inflection point. There was definitely some bad news in the first quarter. But there was also some good news. For example, the company's cost-cutting efforts continue. It is successfully shifting its business mix away from low-margin/high-volume customers and toward more profitable customers. And efforts to modernize the business, despite material upfront costs, are progressing as planned. Image source: Getty Images. Continue reading

Anthropic has committed to spend about US$200b on Google Cloud services over five years, according to new disclosures in the past week. This commitment represents over 40% of Alphabet's existing Google Cloud revenue backlog. Google Cloud reported 63% revenue growth and Alphabet plans to sell its custom AI chips, TPUs, directly to customers. These moves position Alphabet (NasdaqGS:GOOGL) as a full stack provider for generative AI, from infrastructure to model delivery. For you as an...

Earnings Call Insights: Enact Holdings, Inc. (ACT) Q1 2026 Management View "Enact delivered a strong start to 2026 amid a volatile rate environment" and reported "adjusted operating income of $172 million or $1.21 per diluted share," with "adjusted return on equity... 13%" and "new insurance written of $13 billion" that drove "total insurance in force of $272 billion" (President, CEO & Director Rohit Gupta). "Persistency remained elevated at 80%" and management said "we are not seeing any meaningful impact within our credit portfolio and overall credit trends remain in line with our expectations," while describing portfolio metrics including "a risk-weighted average FICO score of 746" and "layered risk was 1.2% of risk in-force" (President, CEO & Director Gupta). "This drove a net reserve release of $39 million in the quarter, and our resulting loss ratio was 15%" and the company said it is "on track to achieve our 2026 expense guidance range of $215 million to $220 million, excluding reorganizational costs" (President, CEO & Director Gupta). "During the first quarter, we returned $123 million through share repurchases and dividends" and "our Board of Directors approved a 14% increase to our dividend from $0.21 to $0.24 per share"; management reiterated, "We continue to expect to deliver capital returns in 2026 of approximately $500 million" (President, CEO & Director Gupta). "Adjusted operating income was $172 million or $1.21 per diluted share... and $1.23 per diluted share in the fourth quarter of 2025" and "new insurance written was $13 billion in the first quarter, down 11% sequentially and up 30% year-over-year" (Executive VP, CFO & Treasurer Hardin Mitchell). Outlook "For full year 2026, we continue to anticipate operating expenses in the range of $215 million to $220 million, excluding any reorganization costs" (Executive VP, CFO & Treasurer Mitchell). "Our 2026 total capital return guidance remains unchanged at approximately $500 million" and management add...

UWM Holdings ( UWMC ) declares $0.10/share quarterly dividend , in line with previous. Forward yield 10.67% Payable July 9; for shareholders of record June 18; ex-div June 18. See UWMC Dividend Scorecard, Yield Chart, & Dividend Growth. More on UWM Holdings UWM Holdings: High-Yield Masks Structural Risk UWM Holdings Corporation 2025 Q4 - Results - Earnings Call Presentation UWM Holdings Corporation (UWMC) Q4 2025 Earnings Call Prepared Remarks Transcript UWM Holdings GAAP EPS of $0.09 beats by $0.02, revenue of $901.4M beats by $193.52M UWM Holdings Q1 2026 Earnings Preview

Justice ‌Elena Kagan, on behalf of the court, declined to pause a ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals ​that deemed Apple in contempt in the Epic lawsuit contesting App Store fees. Apple had sought the delay to give it time to file a full Supreme Court appeal of the 9th Circuit decision.

(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. jumped by more than expected in the month of April.

Palantir Technologies Stock (PLTR) Opinions on Q1 Earnings Beat Quiver Quantitative

RapidEye/E+ via Getty Images Introduction The Federal Reserve has a long-term goal of targeting a 2.0% annual inflation rate. A 2.0% rate is low enough that it doesn't significantly impact purchasing power, yet high enough to reduce the risks of deflation. Inflation has been a primary focus of consumers and policymakers because it has exceeded the target rate for an extended period of time. The persistently high rate of inflation is causing a financial strain for many consumers. The chart below shows how grocery prices have climbed more than 25% over the past five years. Grocery Price Index Packaged goods, meats, and frozen goods have led the charge, climbing 41%, 34%, and 29%, respectively. To combat this, the Fed has been vigilant in trying to bring inflation under control. The New Fed Chair May Change How Inflation Is Measured The Fed has been using the Personal Consumption Expenditure (PCE) Index since 2000 as their primary measure of inflation. At that time, they switched from using the Consumer Price Index (CPI) because PCE covers a broader array of prices, has its weightings updated more frequently, and is less volatile. In short, PCE was viewed as a better measure of inflation for a larger segment of the U.S. population. The Fed further refined their measure of inflation by focusing on Core PCE, which excludes the volatile components of food and energy. By removing those elements that are affected by temporary shocks, the core measure provides a better indicator of the underlying long-term inflation trend. At his confirmation hearing last month, incoming Fed Chair Kevin Warsh was quizzed about inflation. He agreed that over the past 5 years inflation has exceeded the Fed's 2% target and that the Core PCE is currently around 3%, 1% above target. However, when asked whether or not the tariffs imposed over the past year contributed to that excess in inflation, he pushed back. Warsh stated that: The data being used on inflation is imperfect…the Fed needs to try ...

博格 华纳 公司公布了2026年第一季度财报，核心财务指标超出市场预期，同时宣布获得一系列新的业务订单，涵盖其内燃机和电动化动力总成技术组合。受此消息提振，该公司股价在盘中交易中上涨。 财报数据显示，公司第一季度GAAP净销售额为35.33亿美元，同比增长约1%，与分析师预期的35.4亿美元基本持平。调整后每股收益为1.24美元，较去年同期的1.11美元增长约12%，显著高于市场预期的1.17美元。当季调整后营业利润为3.72亿美元，同样超出预期的3.61亿美元。 博格华纳同期宣布了多项新的业务合作协议，旨在支持其长期的盈利增长。其中包括为一家欧洲主要商用车制造商提供高效率的可变涡轮几何增压器和废气再循环冷却器。此外，公司还获得了与中国、日本及韩国多家OEM相关的电动马达、双离合器和可变凸轮轴正时系统等项目，预计将于2026年至2029年间陆续启动生产。 公司同时确认了2026年全年业绩指引，预计全年净销售额在140亿至143亿美元之间，调整后每股收益预计为5.00至5.20美元。 责任编辑：张俊 SF065

《 科创板 日报》5月6日讯（记者 陈俊清） 科创 板“十五五”主题集体业绩说明会之 半导体设备 行业专场于今日（5月6日）举行。参会企业包括 微导纳米 、 华峰测控 、 德科立 、 深科达 、 普源精电 、 骄成超声 、 芯碁微装 。 多家 半导体 设备厂商在业绩会上表示，受益于AI算力需求爆发、 先进封装 技术迭代及存储行业周期回暖带动的赛道高景气，产业链新一轮需求较为旺盛。在此背景下，业内企业正同步推进产能扩建升级、加速全球化市场布局。 与此同时，半导体设备产业加速步入平台化与集成化并行的发展新阶段，技术迭代周期明显缩短，产品更新换代节奏持续加快。多家参会企业集中披露了在核心产品架构升级、新一代设备量产落地、先进工艺适配验证等关键领域取得的进展。 AI算力成增长引擎 封测、 光通信 设备等订单旺盛 AI算力需求的爆发式增长正成为半导体设备行业最强劲的增长引擎。 从 AI芯片 制造所需的 薄膜 沉积、刻蚀设备，到先进封装所需的焊接、测试设备，产业链正迎来新一轮需求高峰。 参会企业多数实现营收与利润双增长，其中华峰测控、芯碁微装等公司净利润增速超50%。 在半导体自动化测试设备领域，华峰测控董事长、董事会秘书孙镪在业绩会上向《科创板日报》表示，半导体自动化测试设备景气度与下游芯片设计、封测、IDM厂商资本开支及终端应用需求相关。当前，AI、高性能计算、 汽车 电子 、工业控制、 功率半导体 、先进封装等应用持续发展，对测试设备的测试精度、效率、并行测试能力和平台化能力提出更高要求。 骄成超声所处半导体超声波设备赛道整体处于较高景气度。该公司独立董事杨晓伟表示，下游存储、先进封装需求持续扩张。AI算力刚需、存储周期回暖、先进封装技术迭代及国产化替代加速，共同拉动行业需求增长。在半导体先进封装领域， 公司可应用于半导体晶圆级封装、2.5D/3D封装、 面板 级封装等产品检测的先进超声波扫描显微镜，获得了国内头部半导体存储厂商订单；超声波固晶机已获得客户正式订单。 薄膜沉积设备方面，微导纳米董事长王磊表示，随着以AI为代表的新兴应用的高速发展，先进制程及芯片技术创新， 新材料 及3D封装技术的发展， HBM 、GAA-FET等尖端芯片和高端存储等芯片产能扩产将是半导体设备市场未来的主要推动力。薄膜沉积设备是集成电路制造的核心设备之一，受下游晶圆产线扩产、技术迭代和新兴工...

AMD Soars 15% on Earnings — So Why Is Nvidia (NVDA) Stock Barely Moving? CoinCentral

Global Payments ( GPN ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 1.37% Payable June 26; for shareholders of record June 12; ex-div June 12. See GPN Dividend Scorecard, Yield Chart, & Dividend Growth. More on Global Payments Global Payments: Cheap For A Reason Or Turnaround In The Making? Global Payments: Significantly Undervalued But Affected By The Persian Gulf Conflict Shift4 Vs. Global Payments: Which Is The Better Recovery Play? Global Payments trades higher on Q1 earnings beat, capital return plan Global Payments Non-GAAP EPS of $2.96 beats by $0.15, revenue of $2.86B beats by $40M

andresr/E+ via Getty Images U.S. drivers are heading into what could be a costly summer at the pump, with gasoline prices hovering near $4.50 a gallon and little relief in sight, according to a May 6 report from Bank of America Securities. Regular gasoline prices have climbed sharply from $2.98 per gallon on Feb. 27, the day before the Iran war began, to about $4.48, highlighting how geopolitical tensions have rippled through energy markets and into household budgets. Stephen Juneau, U.S. economist at Bank of America Securities, said futures markets suggest the pain may persist well into the summer driving season. Based on current crude oil contracts, gasoline prices are likely to remain around $4 per gallon in the coming months. “Futures prices for crude suggest that consumers may not see meaningful relief for a while,” Juneau wrote, noting that a simple regression model points to sustained elevated prices through the summer. Inelastic demand keeps spending elevated Despite the steep rise in prices, consumers have continued to spend heavily on gasoline, reflecting the essential nature of fuel demand. Unlike discretionary purchases, gasoline consumption tends to be relatively inelastic, meaning higher prices do little to curb usage in the short term. That dynamic is already translating into increased spending at the pump, which could crowd out other forms of consumption as households adjust to higher energy costs. Economic resilience faces another test While elevated fuel prices are expected to weigh on consumer spending, Bank of America’s base case remains relatively constructive on the broader economy. Juneau said the U.S. economy should be able to “muddle through” the pressure from higher gasoline costs, even as they act as a modest drag on growth. Still, the timing presents a challenge. The expected persistence of $4 gasoline coincides with the peak summer driving season, when demand typically rises, amplifying the financial impact on households. The outlook und...