SoftBank reported a fiscal Q1 net profit of 347.3 billion yen ($2.2 billion), surpassing analyst expectations of 120.23 billion yen, despite an 18% year-on-year decline. The profit was driven by a 1.3 trillion yen ($8.2 billion) gain from its stake in Intel, alongside a $2.2 billion increase in the value of its ByteDance investment, which helped offset losses in other Vision Fund holdings. This strong performance highlights SoftBank's successful investment strategy in key tech companies, although overall profit declined compared to last year. Investors will watch how these holdings perform in coming quarters amid market volatility.
AMD's stock rose 3% after CFO Jean Hu increased the AI chip market forecast to $2-3 trillion by 2030, up from a previous $2 trillion estimate. This bullish outlook is supported by strong growth in AMD's Data Center segment, which more than doubled re...
Intel shares have surged over 300% in the past year but currently trade about 20% below their peak. Despite skepticism from Wall Street, a set of milestones including sustained 40%+ operating margins in AI and data center segments, narrowing foundry ...
The Fundstrat Granny Shots US Large Cap ETF (GRNY) offers investors diversified exposure to high-growth sectors such as AI infrastructure, defense, and bitcoin price recovery. It uses a factor-based, equal-weighted approach focusing on companies bene...
Intel's stock surged after Northland Securities upgraded it from "Market Perform" to "Outperform" with a $120 price target, following Intel Foundry's progress in High Numerical Aperture Extreme Ultraviolet (High-NA EUV) lithography. Intel has process...
Intel's stock surged nearly 20% recently, prompting Northland Securities analyst Gus Richard to upgrade it from 'Market Perform' to 'Outperform' with a $120 price target. The upgrade is driven by Intel's strong pricing power, major capital investment...
