Situational Awareness, an AI-focused hedge fund, rapidly sold much of its $16 billion public equity portfolio after heavy losses in AI stocks, including SK Hynix. Despite the sell-off, some of its holdings like Sandisk and Micron rallied sharply. Arm's shares rose following strong Q1 results and positive guidance, while Fair Isaac's stock fell after missing revenue expectations. MarketAxess surged after agreeing to a buyout at a 33% premium. The broader market is influenced by mixed Q2 GDP growth, ongoing AI investments, and uncertainty around central bank policies.
Arm Holdings exceeded revenue and profit expectations in its latest quarter, driven by strong cloud AI and licensing growth despite weaker handset demand. Citi raised its fiscal 2027 revenue and EBIT forecasts modestly, highlighting the company's exp...
Chip stocks rallied strongly following robust earnings reports from Microsoft and Lam Research, with Lam Research shares jumping 20% and Microsoft rising 15%. The surge was driven by increased demand for AI-related infrastructure, as companies invest...
Arm Holdings reported Q1 revenue of $1.29 billion and adjusted EPS of $0.45, both exceeding analyst estimates. The chip design company also posted strong license, royalty revenues, and maintained a 98.1% gross margin. For Q2, Arm projects revenue bet...
The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renew...
The Silvant Large Cap Growth SMA achieved a quarterly return of 14.61% (gross) and 13.79% (net), underperforming the Russell 1000 Growth Index, which returned 16.74%. Key contributors to the fund's relative performance included ARM Holdings and Appli...
