What Wall Street has to say about the horrid June private payrolls report
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Yahoo
24 minutes ago
- Yahoo
Microsoft AI Chip Ambitions Hit Major Delays, Pushed to 2028
July 3 - Microsoft (NASDAQ:MSFT) has quietly pushed its in?house AI chip plans out to 2028 and beyond, according to a Wednesday report from The Information. Instead of racing to hit its 2025 goal, the company will double down on interim designs that are quicker to finish. That means the Maia 200 chip now isn't expected until 2026, a year later than originally intended. Maia 100, by contrast, launched last year as planned. Warning! GuruFocus has detected 6 Warning Sign with MSFT. The bigger stars of the lineup, Braga, Braga?R and the next?gen Clea, have run into snags. Braga only cleared testing last month, putting it about six months off schedule. Braga?R won't hit mass production until 2028, and Clea has been bumped even further down the road. These shifts ripple out to Marvell Technology (NASDAQ:MRVL), which builds critical components for Microsoft's AI efforts. MRVL shares dipped about 1% on Wednesday as investors weighed the news. Amazon Web Services (NASDAQ:AMZN) also leans on Marvell for its Trainium chips. By reshuffling its roadmap, Microsoft is aiming to rely less on Nvidia (NASDAQ:NVDA) while still keeping its AI engine humming. The big question now: can this slower, steadier approach deliver the performance the market expects? Despite the delays, Microsoft's commitment to custom AI silicon feels as strong as ever, and everyone's watching to see if the gamble pays off. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
Europe's Billionaires Are Bending to Trump--Here's Why Investors Should Pay Attention
With Donald Trump's July 9 tariff deadline approaching, pressure is mountingnot just in Brussels, but in boardrooms across Europe. Automakers like Mercedes-Benz (MBGAF), BMW (BMWKY), and Volkswagen (VWAGY) have been quietly flying executives to Washington, lobbying U.S. officials directly and proposing their own peace terms to head off a potential 50% tariff on European exports. Luxury powerhouses like LVMH (LVMUY) and pharmaceutical giants like Sanofi have joined in, signaling a clear shift: many of Europe's biggest companies are no longer aligned with the EU's hardline approach. Behind the scenes, they're urging Brussels to cut a quick deal and scale back retaliatory measures, including removing high-profile U.S. products like bourbon from any counter-tariff list. Warning! GuruFocus has detected 4 Warning Sign with MBGAF. What's driving this sudden corporate detente? Profitsand survival. European companies generate wide margins in the U.S. and rely heavily on American technology, suppliers, and research partnerships. A retaliatory tariff packageinitially floated at 95 billionhas already been softened by member state requests that could slash it by nearly 70 billion. Lobby groups representing sectors from medical devices to spirits warn that hitting back at the U.S. would hurt European firms just as much, if not more. If the EU retaliates, the sector is hit twice, said MedTech Europe CEO Oliver Bisazza. That fear has flipped the script, with industries now pressing Brussels to de-escalate, even if it means swallowing a flat 10% tariff and lobbying for carve-outs in key sectors like pharma, semiconductors, and aerospace. But this fractured front comes at a delicate time for the EU. With domestic demand weakening, China gaining ground, and energy costs still elevated post-Ukraine, the U.S. market is more important than ever. Brussels wants to preserve unity, but member states are growing impatient. German Chancellor Friedrich Merz has openly criticized the Commission's slow, complex process and called for speed over perfection. LVMH Chairman Bernard Arnault has gone furtheractivating long-standing ties with Trump and making personal trips to Washington to promote a calmer path. His message? In this geopolitical chess match, compromise could be the smartest move Europe has left. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
28 minutes ago
- CNBC
Cramer sees jobs data as a win for Fed's Powell over Trump — plus, possible stocks to trim
1. The S & P 500 was on track for another record-high close in Thursday's shortened trading session. The government's June jobs report was strong, with better-than-expected nonfarm payroll growth and a lower-than-expected unemployment rate. Jim Cramer said that Federal Reserve Chairman Jerome Powell's wait-and-see approach to interest rates was proven correct again. Even if the economy and jobs are not as good as recent numbers indicate, there is certainly nothing Jim has seen lately that calls for an immediate Fed rate cut, as President Donald Trump has been demanding. In a Wednesday night social media post, the president called for Powell to resign, which raised questions about whether the jobs numbers might be weak. They were not. The U.S. stock market is closed for the Fourth of July on Friday. 2. The stock market became even more overbought after Wednesday's session, according to the S & P Short Range Oscillator , the momentum gauge that Jim has trusted for decades. In overbought markets, we start to look around in our portfolio for places to trim and take profits. Jim and Jeff Marks, director of portfolio analysis for the Club, talked about Broadcom and bank stocks as possibilities. To be sure, we trimmed Broadcom on Wednesday and booked big profits. But it just keeps going higher, and Jim said we don't want to be greedy. Jeff brought up Goldman Sachs and Wells Fargo . He pointed out that they were among the largest-weighted positions due to our buying and their strong rallies. Jim and Jeff said they will be thinking about what to do over the long weekend. 3. Citi raised its price target on Club stock DuPont to $85 from $75, implying more than 16% upside to Wednesday's close. The analysts also opened an "upside 90-day catalyst watch" on DuPont ahead of expectations for solid earnings and September investor days for the planned electronics spin-off and the remaining company. There are media reports about private equity looking to buy $2 billion of DuPont assets, namely Kevlar and Nomex safety brands. "The stock has been a disappointment," Jim said on Thursday. Jim and Jeff will be talking about all of the Club's stock holdings during our Annual Meeting for members, one week from Friday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
