The headlines belong to AI and semiconductors right now. Chips are soaring, data center buildout stocks are making new highs, and the momentum crowd is firmly in control. But underneath the surface of a market that looks healthy, something odd is happening. The new-low list has been outrunning the new-high list even as the S&P 500 pushes above 7,500. That's not a healthy market. That's a narrow on...
The headlines belong to AI and semiconductors right now. Chips are soaring, data center buildout stocks are making new highs, and the momentum crowd is firmly in control. But underneath the surface of a market that looks healthy, something odd is happening. The new-low list has been outrunning the new-high list even as the S&P 500 pushes above 7,500. That's not a healthy market. That's a narrow one. Jeff Clark of TradeSmith has seen this setup before. His read: when gains concentrate in a thin slice of the market, the rotation trade is coming. And when it does, the money that rushes out of the hot names has to land somewhere. He thinks it lands in stocks that have already been left behind—and he has three specific names in mind. Get KTOS alerts: Sign Up The Setup: When Enthusiasm Gets Discounted to Infinity The bull case for AI stocks isn't fiction. Real money is flowing into data centers, chips, and infrastructure. The question Clark is asking is a different one: for how long? Once a data center is built, you don't build another one next door. Memory chips are a cyclical commodity—yet the market has priced them as if the cycle has been suspended permanently. Clark's view is that the market is extrapolating today's spending to infinity, and that a correction is overdue. That doesn't mean the AI trade is over. It means the easy money in the hot names may already be made, and the opportunity is now sitting in the stocks no one is talking about. Figma: A Software Survivor Priced Like a Casualty Figma Today FIG Figma $22.55 -0.72 (-3.09%) 52-Week Range $16.60 ▼ $142.92 Price Target $38.63 Add to Watchlist Figma NYSE: FIG went public at $33 a share, shot to more than $140, and has since retraced nearly all of those gains—spending time near $20 before a recent earnings pop pushed it back above $22. The surface-level read is that software is under pressure from AI, and Figma is getting caught in that tide. Clark's read is almost the opposite. Figma isn't being destroyed by...
The retail pitch, if you like, the policy ideas ministers hope you will notice, are coming from the chancellor: the news about fuel duty, the plan to ensure there is enough jet fuel for summer holidays and free bus travel for children in England in August.
The retail pitch, if you like, the policy ideas ministers hope you will notice, are coming from the chancellor: the news about fuel duty, the plan to ensure there is enough jet fuel for summer holidays and free bus travel for children in England in August.
Alphabet's ( GOOG ) Google announced a $15B investment to build a new data center in New Florence, Missouri, marking one of the state’s largest tech projects as AI-driven demand for cloud and computing capacity grows. The company has contracted more than 1 gigawatt of new power generation capacity in Missouri and is supporting development of over 500 megawatts of additional capacity through partne...
Alphabet's ( GOOG ) Google announced a $15B investment to build a new data center in New Florence, Missouri, marking one of the state’s largest tech projects as AI-driven demand for cloud and computing capacity grows. The company has contracted more than 1 gigawatt of new power generation capacity in Missouri and is supporting development of over 500 megawatts of additional capacity through partnerships with utility provider Ameren ( AEE ). " Through our Capacity Commitment Framework agreement with Ameren, we’re supporting the development of more than 500 megawatts of additional capacity, helping to ensure we cover our own operational and infrastructure costs. We’re also establishing a $20M Energy Impact Fund to help lower utility bills for families through targeted home weatherization and efficiency initiatives.” Google said . The project in Montgomery County is expected to create thousands of construction jobs and hundreds of long-term operational roles once completed, according to Missouri Governor Mike Kehoe and company officials. The site is located next to a previously approved $35B Amazon ( AMZN ) data center project. The announcement comes as Google parent Alphabet ( GOOG ) continues ramping up capital spending to meet rising AI infrastructure demand. More on Alphabet Alphabet Just Disrupted Itself, Completely (Rating Upgrade) Alphabet Owns The Entire AI Stack And Is The Largest Pure Play Option For Investors Alphabet: FQ1's Record Operating Margin Marks A New Growth Curve Leading AI chatbots produce inaccurate or biased results 90% of time on election topics: study Google DeepMind workers to enter union recognition talks, CWU says
China and Russia released a joint statement on Thursday in the wake of Chinese President Xi Jinping’s summit with Russian President Vladimir Putin a day earlier, during which the two leaders signed an agreement to boost strategic ties and a separate declaration to push for a multipolar global order and witnessed the sealing of more than 20 agreements on cooperation in areas including energy, trade...
China and Russia released a joint statement on Thursday in the wake of Chinese President Xi Jinping’s summit with Russian President Vladimir Putin a day earlier, during which the two leaders signed an agreement to boost strategic ties and a separate declaration to push for a multipolar global order and witnessed the sealing of more than 20 agreements on cooperation in areas including energy, trade and science and technology. China-Russia Joint Statement by scmp
PhonlamaiPhoto/iStock via Getty Images Until recently, most people saw MaxLinear, Inc. ( MXL ) as an old-school, cyclical broadband hardware company that did not offer much excitement. The company 's performance over the last several years has been abysmal. Its annual revenue collapsed from $1.12 billion in 2022 to $361 million in 2024 as a result of a slowdown in the broadband and telecom industr...
PhonlamaiPhoto/iStock via Getty Images Until recently, most people saw MaxLinear, Inc. ( MXL ) as an old-school, cyclical broadband hardware company that did not offer much excitement. The company 's performance over the last several years has been abysmal. Its annual revenue collapsed from $1.12 billion in 2022 to $361 million in 2024 as a result of a slowdown in the broadband and telecom industry, which was its main source of revenue at the time. Data by YCharts This company 's performance put it totally off my radar. I only became aware of it through a May 14, 2026, Seeking Alpha article that listed it as the third-best semiconductor company. If you looked at the company 's price performance over the last year, up until April 2026, it didn 't look like it would ever make anyone 's "best " semiconductor list. The stock price pretty much flatlined from May 15, 2025, until the beginning of April 2026. Most of the stock's almost 600% gains since May 15, 2025, have occurred since the beginning of April 2026. Data by YCharts I was curious about what caused the market to increase the stock's valuation multiple so much in April. I initially thought the massive jump in stock price was due to a reaction to earnings. However, much of the stock price rise occurred before the company released first-quarter FY 2026 earnings on April 23. I quickly learned that the company is in the middle of a transition from a broadband/telecom-centric company to an AI infrastructure provider, and the market was reacting to pre-earnings rumors that the company was about to announce an Artificial Intelligence ("AI") infrastructure design win with a hyperscaler. Chief Executive Officer ("CEO") Kishore Seendripu confirmed those rumors when he announced three design wins with unnamed hyperscalers, two of which were for a component used in rack-level AI system management. After the company confirmed the hyperscaler rumors with several wins and announced the ramp-up of several products with hypersca...
querbeet Germany's S&P Global Manufacturing PMI fell to 49.9 in May 2026, down from 51.4 the month before and below market expectations of 51.0, a preliminary estimate showed. The S&P Global Germany Services PMI rose to 47.8 in May 2026 from 46.9 in April, above market expectations of 47.0, flash estimates showed. The S&P Global Germany Composite PMI edged up to 48.6 in May 2026 from 48.4 in April...
querbeet Germany's S&P Global Manufacturing PMI fell to 49.9 in May 2026, down from 51.4 the month before and below market expectations of 51.0, a preliminary estimate showed. The S&P Global Germany Services PMI rose to 47.8 in May 2026 from 46.9 in April, above market expectations of 47.0, flash estimates showed. The S&P Global Germany Composite PMI edged up to 48.6 in May 2026 from 48.4 in April, compared to forecasts of 48.4, preliminary estimates showed. More on Germany EUFN: European Financials Remain Attractively Valued Ahead Of Potential Rate Hikes CEF Insights: New Germany Fund For European Growth Opportunities U.S. Tariffs: A New Trade War? Euro Area inflation rises to 3% as expected European equities ease as Middle East tensions persist
Walter Cicchetti/iStock Editorial via Getty Images If it's true that on solutions like YieldMax TSLA Option Income Strategy ETF ( TSLY ) you get good results, when the underlying TSLA is sideways bullish, and with a competitive IV ... it can also be true that what will come in June should in my opinion please an income investor. And I know, despite an average distribution above 50% YoY, an attenti...
Walter Cicchetti/iStock Editorial via Getty Images If it's true that on solutions like YieldMax TSLA Option Income Strategy ETF ( TSLY ) you get good results, when the underlying TSLA is sideways bullish, and with a competitive IV ... it can also be true that what will come in June should in my opinion please an income investor. And I know, despite an average distribution above 50% YoY, an attentive income investor who reads the data related to IV, doesn't see great prospects on this ticker, with TSLA far from the "golden times" when Musk always made people talk about him. But in perspective something could change, and it's worth analyzing. But first ... What is TSLY? YieldMax proposes this actively managed ETF with the objective of current income generation exposing itself to share price returns of TSLA with a TER of 0.99%. TSLY: 1Y performance (Seeking Alpha) It does it with a synthetic long exposure (call+put ATM) with expiration 1-6 months and variable rolling to which it applies a covered call layer with expiration ≤1 month and minimum monthly rolling. In this way the fund operates with weekly/monthly frequency to maintain continuous synthetic exposure; this generates. TSLY: Dividend Grade (Seeking Alpha) The distribution is weekly and composed of income (option premium and T-bill interest) and capital gain /realized on TSLA options), resulting anyway in ROC, the predominant component of distributions for a forward distribution Yield of 84%. With an average distribution of ~$0.30 that annualized: $0.30 × 52 = $15.60 and therefore resulted in an implicit Yield: $15.60 / $29.63 = 52.65%. Composition The TSLA exposure is 100% synthetic with collateral U.S. Treasury Securities (short-term, 6-month to 2-year maturities). It does it with a Synthetic long meaning long Call ATM + Short Put ATM (Put-Call Parity) that in theory replicates 100% of price movements of TSLA. Then it has an income overlay built from a Short Call 0-15% OTM (expiration ≤1 month), which generate...
李在明批傳媒發布中國人炒樓假新聞 電視台發聲明致歉 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】南韓總統李在明批評電視台「首爾經濟TV」發布中國人在當地炒樓的假新聞，煽動排華情緒，電視台發聲明道歉。 李在明在社...
李在明批傳媒發布中國人炒樓假新聞 電視台發聲明致歉 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】南韓總統李在明批評電視台「首爾經濟TV」發布中國人在當地炒樓的假新聞，煽動排華情緒，電視台發聲明道歉。 李在明在社交平台發文，稱「首爾經濟TV」曾發佈有關中國人大舉買入首爾江南944套公寓的假影片新聞。李在明稱經核實，今年1月至4月在江南區購買單位的中國人只有5人，傳媒煽動排華情緒，對國家和國民沒有任何益處，認為要嚴肅追究責任。 「首爾經濟TV」發聲明致歉，稱數日前已刪除相關報道，強調沒有針對特定國家，製作團隊過度在意點擊率，導致判斷失當。
Former British health minister Wes Streeting, a potential candidate for the leadership of the Labour Party, said he backed the introduction of tax changes which would equalise capital gains tax with income tax to make the system “fairer”. Streeting said on Saturday that he wanted to challenge embattled Prime Minister Keir Starmer if there is a contest, days after he stepped down and urged Starm...
Former British health minister Wes Streeting, a potential candidate for the leadership of the Labour Party, said he backed the introduction of tax changes which would equalise capital gains tax with income tax to make the system “fairer”. Streeting said on Saturday that he wanted to challenge embattled Prime Minister Keir Starmer if there is a contest, days after he stepped down and urged Starmer to set a timetable for his departure. The former health minister, who has already said he believes Britain should seek to rejoin the European Union, said on Thursday that another of his proposals would be changes to capital gains tax. Advertisement Capital gains tax is paid on profits of more than £3,000 (US$3,900) made when an asset is sold, and rates depend on how much the seller usually pays in income tax, and how large the gain is. Streeting would raise the rates of the tax from 18 per cent-24 per cent currently to as much as 40 per cent and 45 per cent depending on a person’s income tax bracket. According to one study, the change would raise £12 billion a year. Advertisement “We need a wealth tax that works. A pound made from simply owning assets should not be taxed less than a pound made from a hard day’s work,” Streeting said in a press release.
Scott Olson/Getty Images News The title of my last analysis on CAVA Group ( CAVA ) summarizes well how I felt about the company at that time post-Q4: “Hard To Be Bullish With The Little Growth” (check it here ). Basically, while the valuation continued to be rich and with high expectations, the results being delivered by CAVA were not the best. Well, since that period, the CAVA stock posted an 8% ...
Scott Olson/Getty Images News The title of my last analysis on CAVA Group ( CAVA ) summarizes well how I felt about the company at that time post-Q4: “Hard To Be Bullish With The Little Growth” (check it here ). Basically, while the valuation continued to be rich and with high expectations, the results being delivered by CAVA were not the best. Well, since that period, the CAVA stock posted an 8% correction, but in the after-hours post-Q1 earnings, it practically already recovered that entire correction; the result was that good. But even so, I believe this result is more of a support for reasonable assumptions over the next years than some catalyst for us to give a substantial upgrade to the assumptions. Because of that, I still think the valuation is expensive. CAVA Group: Q1 Earnings Were Pretty Solid CAVA's Q1 is the strongest quarter seasonally speaking (EPS beat by $0.02 in this quarter). Q4 generally represents a slightly weaker quarter because of holidays, winter, and all this “routine change,” while in Q1 there is a strong recovery. But I did not think the quarter was solid because of seasonality, because the comparison base is YoY, so it is against another seasonally positive quarter. For example, in Q4 the company managed to deliver same restaurant sales (SRS) of 0.5%, and part of the explanation was that in Q4 2024 growth was very strong, something close to 20%. And in Q1 2025, CAVA had delivered 10.8% SRS, meaning that even if it managed to grow mid-single-digits, it would already be a solid enough result because the comparison base was strong. But what CAVA actually managed to deliver was another SRS of ~10%, on top of last year's 10%, showing that this quarter managed to resume that compounding we saw at the beginning of the thesis. I liked how these 9.7% SRS from Q1 were formed. Most of it, around 6.8 percentage points, was traffic growth, while the impact from price increases and better mix was low single digits. It is already well known what is hap...
Taiwanese officials are seeking to detain three individuals for forging documents in order to export Nvidia Corp. AI chips to China, the island democracy’s first such crackdown on semiconductor smuggling. The trio is accused of making fraudulent declarations about sales of AI servers manufactured by US-headquartered Super Micro Computer Inc. , so that they could ship them to China, Hong Kong and M...
Taiwanese officials are seeking to detain three individuals for forging documents in order to export Nvidia Corp. AI chips to China, the island democracy’s first such crackdown on semiconductor smuggling. The trio is accused of making fraudulent declarations about sales of AI servers manufactured by US-headquartered Super Micro Computer Inc. , so that they could ship them to China, Hong Kong and Macau in violation of US trade rules. Super Micro assembles AI chips from the likes of Nvidia into systems that are installed in data centers and used to train and run models like OpenAI’s ChatGPT. Washington has restricted sales of the hardware to China since 2022. The defendants “fully knew” that sales of the servers are “strictly regulated” by the US, the Taiwan Keelung District Prosecutors Office said in a Thursday press release. They “conspired to purchase the servers in Taiwan and export them using fraudulent documentation. They are consequently suspected of offenses including forgery of documents under the Criminal Code.” The prosecutor’s office executed search warrants at 12 locations on Wednesday, the statement said, including the defendants’ residences. The trio, along with related witnesses, were apprehended and interviewed, according to the statement. Prosecutors identified the defendants only by their surnames. Super Micro and Nvidia didn’t immediately respond to requests for comment outside of normal business hours. The two companies have both previously emphasized their commitment to abiding by US export controls and all other applicable laws. Super Micro’s servers are also the subject of the biggest chip smuggling prosecution in the US, where authorities arrested the firm’s co-founder — who has pled not guilty — for allegedly diverting billions of dollars worth of Nvidia chips to China. That case reverberated from Silicon Valley to Southeast Asia, a sign that Washington is getting serious about addressing a chip smuggling problem that Nvidia boss Jensen Huang...