Three semiconductor companies—Astera Labs, ON Semiconductor, and Marvell Technology—reported strong Q1 2026 earnings with revenue beats and optimistic forward guidance driven by AI data center demand. Astera Labs grew revenue 93% YoY, focusing on connectivity silicon for AI racks. ON Semiconductor showed a 5% revenue rise and doubled AI data center revenue, signaling recovery beyond cyclical lows. Marvell Technology posted 28% revenue growth with significant AI-related bookings and raised its outlook for fiscal 2027 and 2028. These firms represent promising AI infrastructure plays beyond headline names like NVIDIA, with upcoming earnings and hyperscaler spending to watch closely.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
