Broadcom rides on AI chip demand to deliver upbeat revenue forecast
By Harshita Mary Varghese and Max A. Cherney June 5, 2025 Reuters June 5 (Reuters) – Broadcom (AVGO.O), forecast third-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its networking and custom AI computing chips. However, the company’s shares fell 4% in extended trading, after gaining about 12% this year, as […]
ECB’s Lagarde sees weak growth, dominated by downside risks
The Business Times Dec 4, 2024 Eurozone economic growth could be weaker in the months ahead and the medium term outlook is uncertain with downside risks dominating, European Central Bank President Christine Lagarde said in a parliamentary hearing on Wednesday (Dec 4). The eurozone economy has been virtually stagnant for the past 18 months, and […]
Germans Aren’t Buying the Market Excitement About Friedrich Merz
Summary by Bloomberg AI German Chancellor Friedrich Merz is preparing for his first visit to the White House, with investors backing him to lead an economic resurgence driven by a major program of spending on infrastructure and defense. However, obstacles include Donald Trump’s grudge against Europe’s biggest economy and concerns that Germans may not have […]
Big Tech Is Back in S&P 500 Driver’s Seat as Profit Engines Hum
Summary by Bloomberg AI ▪ The same technology giants that contributed to the S&P 500’s decline in April are now driving the recovery in US equities. ▪ Big Tech results have shown demand for cloud-computing services, software, electronic devices, and digital advertising remains intact despite trade tensions. ▪ The Magnificent Seven stocks (Nvidia, Microsoft, Tesla, […]
Microsoft Shares Go From Laggard to Leader as AI Growth Improves
Summary by Bloomberg AI Microsoft Corp. shares are close to a record high due to signs of improvement in its Azure cloud-computing business, fueled by the broader rebound in US equities and better-than-expected results. Azure’s revenue growth of 33% exceeded expectations, with analysts projecting AI-related Azure revenue to rise to about $24 billion in the […]
Nvidia Eases Concerns About China With Upbeat Sales Forecast
Summary by Bloomberg AI Nvidia expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. The company is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment. […]
The Tech Industry Is Huge—and Europe’s Share of It Is Very Small
By Tom Fairless and David Luhnow May 19, 2025 BERLIN—The world’s technology revolution is leaving Europe behind. Europe lacks any homegrown alternatives to the likes of Google, Amazon or Meta. Apple’s market value is bigger than the entire German stock market. The continent’s inability to create more big technology firms is seen as one of […]
Meta shares rise on stronger-than-expected revenue for the quarter
Jonathan Vanian April 30th, 2025 CNBC Meta shares rose more than 5% after the company reported stronger-than-expected revenue in the first quarter. The company said that second quarter sales will be in range of $42.5 billion to $45.5 billion. Analysts were expecting $44.03 billion. Meta increased its 2025 capital expenditures to come in between the […]
Alphabet adds nearly 2% as search, advertising units show resilient growth
Samantha Subin April 25th, 2025 CNBC Alphabet shares rose after the company topped Wall Street estimates and showed growth in its advertising and search business. The company suggested that it’s too soon to tally the impact of Trump’s tariffs, but the ending of the de minimis loophole could create a “slight headwind” to its advertising […]
What the Weak Dollar Means for the Global Economy
By Chelsey Dulaney and Alistair MacDonald April 16, 2025 The Wall Street Journal The unexpected weakening of the U.S. dollar is suddenly becoming the rest of the world’s problem. For foreign sellers of all manner of goods, including cars, cognac and Scottish tweed, the dollar’s steep slide is a double whammy, compounding losses caused by […]