Broadcom’s Surging AI Revenue Can Revive Broad Demand Optimism
By Tatiana Darie 03/06/2025 Bloomberg More details from the Broadcom release show that its AI-related sales grew 77% year-over-year to $4.1 billion in 1Q, above expectations of 62%. It also guided for AI semiconductor revenue of $4.4b for 2Q, indicating that AI chip demand remains strong despite worries that disruptors out of China may cause […]
US Services Expand at Faster Pace on Robust Employment Growth
Summary by Bloomberg AI The Institute for Supply Management’s gauge of services advanced to 53.5 in February, exceeding economists’ expectations and signaling growth. The group’s index of services employment climbed to 53.9, the highest since December 2021, and a measure of costs paid for materials and services increased to one of the firmest readings since […]
Nvidia Is Firing on All Cylinders. Somehow the Stock Looks Cheap.
Barron’s By Tae Kim Feb 27, 2025 Nvidia CEO Jensen Huang said demand was “amazing” for Blackwell, the company’s latest generation GPU. Rumors of Nvidia’s demise were greatly exaggerated. The AI chip king posted impressive results Wednesday night, and its overall growth prospects look as promising as ever. The stock’s 8.5% decline after earnings makes the opportunity […]
Global shares to keep rising, say strategists unbothered by trade friction
Reuters by Ross Finley February 27, 2025 LONDON, Feb 27 (Reuters) – Stock market strategists are sticking to their positive view on the performance of global equity markets, expecting solid gains in even the most beaten-down indexes in India and Japan, according to the latest quarterly Reuters polls. The United States under President Donald Trump […]
Nvidia delivered earnings that beat expectations. Here’s what analysts had to say
Lisa Kailai Han Thursday, February 27 2025 The bar for Nvidia earnings was set high, and analysts feel like the chipmaker cleared it. In fiscal fourth quarter, the graphic processing unit designer earned an adjusted 89 cents per share on $39.33 billion in revenue. That exceeds the 84 cents per shares and revenue of $38.05 billion that […]
DOGE Won’t Be Enough to Get the Federal Debt Under Control
By James A. Baker III and John W. Diamond Feb. 24, 2025 Government debt has exceeded $36 trillion and continues mounting, with no end in sight. This is unsustainable absent dramatic changes in how we allocate our tax dollars. Budget hawks have been rare in Washington since 2010, when the bipartisan Simpson-Bowles commission put forth a […]
The U.S. Economy Depends More Than Ever on Rich People
By Rachel Louise Ensign Feb. 23, 2025 Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon. The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets. […]
Morning Bid: Ukraine ceasefire hopes soften US inflation blow
By Jamie McGeever February 12th, 2025 Feb 13 (Reuters) – A look at the day ahead in Asian markets. Investors banking on the recent decline in U.S. bond yields and the dollar underpinning a rally across risk assets got a stark reminder in the shape of punchy U.S. inflation on Wednesday that interest rates won’t be coming down any […]
Donald Trump’s trade remedies reflect America’s troubled reality
“Our partners shouldn’t blame us for a shift aimed at solving the problems they have helped cause” by Robert Lighthizer Financial Times October 31 2024 Critics of Donald Trump’s popular tariff proposals claim they will be inflationary and harm the economy. The fact that this never happened during Trump’s first term, when we raised tariffs, […]
Why Apple may get the ‘last laugh’ in AI as rivals double down on spending craze
By Therese Poletti February 10th, 2025 Most big technology companies indicated this earnings season that their capital spending on artificial-intelligence data centers is continuing unabated. That makes Apple Inc. stand out even more for how much it’s not spending. Investors once worried that Apple was behind the pack in AI because it wasn’t spending as much […]