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War and AI Demand Break China’s Record of Falling Export Prices
Bloomberg94d agobearish
War and AI Demand Break China’s Record of Falling Export Prices

(Bloomberg) -- China’s export prices jumped at their fastest rate in three years, as a global surge in energy costs and an AI boom broke a long streak of falling prices.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceUS, Iran Agree to 60-Day Truce Renewal Pending Trump SignoffIran’s Khamenei Says No Going Back for Middle East Rocked by WarOffic

At Computex, Nvidia and Taiwan's expanding role in AI infrastructure set to take centre stage
Reuters94d agoneutral
At Computex, Nvidia and Taiwan's expanding role in AI infrastructure set to take centre stage

TAIPEI, May 29 (Reuters) - At Taiwan's annual Computex trade show next week, the spotlight is likely to be dominated, as usual, by Nvidia and its products, but also by the island's central and growing role in AI infrastructure. Nvidia CEO Jensen ‌Huang, arriving in Taipei more than a week ahead of the show, more than made that point when he said on ‌Wednesday that his company would spend as much as $150 billion a year in Taiwan, which he called the epicentre of the AI revolution.

Inflation Jumps...But So Do Tech Stocks
MoneyShow95d agobullish
Inflation Jumps...But So Do Tech Stocks

Yesterday’s inflation report showed the highest year-over-year reading in almost three years. Even after stripping out energy prices, core PCE is sitting at a multi-year high. But investors have still been looking through the data and leaning into the tech trade, observes Bret Kenwell, US investment analyst at eToro US.

Navellier to SpaceX buyers: wait for escape velocity
TheStreet95d agobullish
Navellier to SpaceX buyers: wait for escape velocity

While it seems like every retail investor on the planet is going to be fighting over SpaceX shares on initial public offering (IPO) day, I believe this is a classic wait-and-see. Further, aerospace suppliers might be a better way to profit from the SpaceX IPO craze than a direct investment in ...

Lenovo Doubles in Best Month Since 1999 on AI-Fueled Rally
Bloomberg95d agobullish
Lenovo Doubles in Best Month Since 1999 on AI-Fueled Rally

(Bloomberg) -- Lenovo Group Ltd. is set for its best month in more than a quarter-century, with the stock doubling in May as investor enthusiasm builds around the company’s AI-driven growth outlook.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceIran’s Khamenei Says No Going Back for Middle East Rocked by WarUS, Iran Agree to 60-Day Truce Renew

Snowflake (SNOW) Soars 36% as AI Propels Q1 Earnings
Insider Monkey95d agobullish
Snowflake (SNOW) Soars 36% as AI Propels Q1 Earnings

Snowflake Inc. (NYSE:SNOW) is one of the 11 Stocks Racking Up Monstrous Gains. Snowflake saw its share prices climb by 36.48 percent on Thursday to close at $239.20 apiece, as investors cheered the strong results of its earnings performance in the first quarter of fiscal year 2027. In an updated report, the company said that […]

Dell shares rocket on bullish forecast for AI demand
Reuters Videos95d agoneutralVIDEO
Dell shares rocket on bullish forecast for AI demand

<body><p>STORY: :: Dell</p><p>Dell shares rocketed higher in after-hours trade Thursday, jumping around 39%.</p><p>The surge came after the computer maker lifted revenue and profit expectations.</p><p>Dell says it is seeing soaring demand for AI-optimized servers used in data centers.</p><p>It’s benefiting as tech giants like Alphabet and Amazon plan to spend over $700 billion on AI-related infrastructure this year.</p><p>Dell now expects annual revenue of up to $169 billion - way up on the previous forecast of up to $142 billion.</p><p>AI server revenue is expected to hit $60 billion for fiscal 2027, $10 billion up on previous expectations.</p><p>The company has been adjusting prices constantly as strong global demand causes the cost of memory chips to soar.</p><p>:: Dell</p><p>On a call with analysts, Chief Operating Officer Jeff Clarke said he knew customers were feeling the pain.</p><p>But he said there was little sign of inflationary pressure easing.</p><p>One analyst told Reuters that Dell looked well placed to cope with the chip shortage, helped by its scale and strong relationships with suppliers.</p></body>

Barclays resets Marvell stock price target after earnings
TheStreet95d agoneutral
Barclays resets Marvell stock price target after earnings

Marvell Technology has gained more than 200% in the past 12 months. It just reported record revenue, guided above expectations, and told investors that growth would accelerate every single quarter through the rest of the fiscal year. For Barclays analyst Tom O'Malley, that was enough to nearly ...