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TSMC Rides AI Surge to Show Record Revenues
6 days ago
Stocks News
TSMC reported a standout quarter, with net revenue jumping nearly 39% year-on-year to $31.7 billion, surpassing analyst expectations. Net income surged by 61%, driven by booming demand for artificial intelligence chips, particularly advanced processors below 7nm in size. These high-efficiency chips now ...
Nvidia Becomes First Company Valued at $4 Trillion
1 week ago
Stocks News
Nvidia became the world’s first publicly traded company to hit a $4 trillion valuation this week, edging past tech giants Apple and Microsoft. Its stock climbed 2.76% during Wednesday’s session before closing up 1.8%, putting its market cap just shy of ...
Ferrero Eyes WK Kellogg in $3B Play as Cereal Maker's Stock Rockets 56%
1 week ago
Stocks News
Shares of WK Kellogg surged over 56% in after-hours trading following reports that Ferrero, the Italian confectionery heavyweight, is closing in on a $3 billion acquisition of the US cereal brand. If confirmed, the deal would more than double Kellogg’s current ...
Apple’s AI Gap Raises Tough Questions for Investors
2 weeks ago
Stocks News
Apple is still under pressure to deliver meaningful AI progress as rivals like Google and OpenAI race ahead. Last month’s WWDC was expected to showcase advances in Apple Intelligence, but the event left both Wall Street and consumers underwhelmed. The improved Siri, ...
European Defence Firms Benefit From Military Spending Splash
3 weeks ago
Stocks News
Europe’s defence industry is booming, with job growth in the sector leaving the broader labormarket behind. EU countries have ramped up defence spending by over 30% since 2021, climbing from €214 billion to €326 billion by 2024, according to the ...
Nike Takes a $1 Billion Tariff Hit but Shares Jump on Recovery Hopes
3 weeks ago
Stocks News
Nike’s difficult year ended with more disappointing numbers, as revenues fell 10% to $46.3 billion and net income slumped 44% to $3.2 billion for the fiscal year ending May 2025. The final quarter was even worse, with revenue down 12% to ...
Tesla’s Market Share Slides in Europe as Chinese EVs Catch Up
4 weeks ago
Stocks News
Tesla’s European sales took another hit in May, marking the fifth consecutive monthly decline for the US-based electric vehicle maker. According to data from the European Automobile Manufacturers Association, Tesla registered just 13,863 new cars across the EU, UK, and EFTA ...
Asian Markets Edge Higher as US-China Talks Enter Day Two
1 month ago
Stocks News
Asian markets showed cautious optimism on Tuesday as investors tracked ongoing trade talks between the US and China in London, hoping for an easing of tariffs that have strained global supply chains and weighed on sentiment. Tokyo’s Nikkei 225 climbed 0.9% ...
Nvidia Now World’s Most Valuable Company Despite China Setbacks
1 month ago
Stocks News
Nvidia’s latest earnings report sparked a 5% jump in after-hours trading, pushing the chipmaker’s stock within 8% of its January peak. With fiscal Q1 2026 revenue climbing 69% to $44.1 billion and earnings per share reaching $0.96, Nvidia beat Wall ...
BYD Shares Fall on Discounts, But Outpaces Tesla in Europe
1 month ago
Stocks News
Shares of BYD dropped sharply this week after the Chinese EV giant announced sweeping price cuts across 22 models, triggering fresh worries about a price war in China’s already competitive electric vehicle market. BYD’s stock slid 4% in Tuesday’s Hong Kong ...
Xiaomi Ramps Up Chip and SUV Ambitions
2 months ago
Stocks News
Xiaomi marked its 15th anniversary with an ambitious double play: a high-performance electric SUV and a self-designed 3-nanometer smartphone chip, both unveiled at a livestreamed event in Beijing. The YU7 SUV, promising a driving range of 835 kilometers on a single ...
CATL Soars on Hong Kong Debut Despite Geopolitical Tensions
2 months ago
Stocks News
Shares of Contemporary Amperex Technology Co Limited (CATL), the world’s largest EV battery producer, leapt by as much as 18% in their Hong Kong trading debut, marking the biggest IPO of the year. The firm raised $4.55 billion, confirming investor confidence ...
Alibaba Shares Slide After Profit Miss
2 months ago
Stocks News
Alibaba shares dropped 5% in U.S. premarket trading on Thursday after the Chinese e-commerce giant missed expectations for both revenue and profit in its fiscal fourth quarter. Revenue came in at $32.6 billion, narrowly missing forecasts. However, net income was as ...
Nvidia Stock Rallies on US-Saudi AI Alliance
2 months ago
Stocks News
Nvidia shares surged 5.6% on Tuesday after the announcement of a major US-Saudi artificial intelligence investment initiative led by President Trump and Crown Prince Mohammed bin Salman. Despite this rally, Nvidia’s stock remained 4.5% lower year-to-date as of the 13 May ...
Tesla’s European Freefall Deepens
2 months ago
Stocks News
Tesla is in big trouble in Europe. This comes just as the continent’s appetite for electric vehicles is growing again. In April, Tesla’s sales dropped sharply in key markets—62% in the UK, 67% in Denmark, 74% in the Netherlands, 33% in ...
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