Huawei develops new AI chip, seeks to match Nvidia, WSJ says
Stay Ahead of the Market:
Discover outperforming stocks and invest smarter with Top Smart Score Stocks.
Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
2 hours ago
- Bloomberg
SoftBank Builds Nvidia, TSMC Stakes Under Son's Focus on AI Gear
SoftBank Group Corp. is building up stakes in Nvidia Corp. and Taiwan Semiconductor Manufacturing Co., the latest reflection of Masayoshi Son's focus on the tools and hardware underpinning artificial intelligence. The Japanese technology investor raised its stake in Nvidia to about $3 billion by the end of March, up from $1 billion in the prior quarter, according to regulatory filings. It bought around $330 million worth of TSMC shares and $170 million in Oracle Corp., they show.
Yahoo
2 hours ago
- Yahoo
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX) (SPY) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.87%. September E-mini S&P futures (ESU25) rose +1.58%, and September E-mini Nasdaq futures (NQU25) rose +1.96%. Stock indexes rallied sharply on Monday as they recovered from some of last Friday's steep losses. Recent stellar earnings results boosted Magnificent Seven technology stocks and semiconductor chip makers, supporting gains in the broader market. Stocks also have support from speculation that last Friday's dismal payroll and ISM manufacturing reports will prompt the Fed to cut interest rates. The chances of a Fed rate cut at the September FOMC meeting rose to 90% from 40% before the reports were released. More News from Barchart Find Winning Momentum Trades With This Moving Average Stock Screener Tariffs, Earnings and Other Can't Miss Items this Week Dear Nvidia Stock Fans, Mark Your Calendars for August 27 Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Monday's US economic news was mixed for stocks. US June factory orders fell -4.8% m/m, right on expectations and the biggest decline in more than 5 years. However, June factory orders ex-transportation rose +0.4% m/m, stronger than the expectations of +0.3% m/m and the largest increase in 7 months. In the latest tariff news, President Trump said Monday that he would be "substantially raising" the tariff on US imports from India from the current 25% due to India's purchases of Russian oil. Last Thursday, President Trump raised tariffs on some Canadian goods to 35% from 25% and announced a 10% global minimum, along with tariffs of 15% or higher for countries with trade surpluses with the US, effective after midnight on August 7. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced. The markets this week will focus on earnings reports and any fresh tariff or trade news. On Tuesday, the June trade deficit is expected to narrow to -$61.1 billion from -$71.5 billion in May. Also on Tuesday, the July ISM services index is expected to climb by +0.7 to 51.5. On Thursday, weekly initial unemployment claims are expected to increase by +3,000 to 221,000. Also on Thursday, Q2 nonfarm productivity is expected to be +2.0% with unit labor costs rising +1.5%. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 90% at the September 16-17 FOMC meeting and 70% at the following meeting on October 28-29. Q2 earnings reports released thus far suggest that S&P 500 earnings are on track to rise +9.1% for the second quarter, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 66% of S&P 500 firms having reported Q2 earnings, around 82% exceeded profit estimates. Overseas stock markets on Monday settled mixed. The Euro Stoxx 50 closed up sharply by +1.49%. China's Shanghai Composite rebounded from a 2-week low and closed up +0.66%. Japan's Nikkei Stock 225 fell to a 1.5-week low and closed down -1.25%. Interest Rates September 10-year T-notes (ZNU25) Monday closed up +5.5 ticks. The 10-year T-note yield fell -2.4 bp to 4.192%. Sep T-notes on Monday recovered from overnight losses and rallied to a 3-month nearest-futures high, and the 10-year T-note yield fell to a 1-month low of 4.192%. T-notes have positive carryover support from last Friday's weaker-than-expected payroll and ISM manufacturing reports, which boosted the chance of a Fed rate cut at next month's FOMC meeting to 90% from 40% before the reports. Also, Monday's -1% drop in WTI crude oil prices reduced inflation expectations, a bullish factor for T-notes. In addition, Monday's strength in European government bonds provided carryover support to T-notes. Gains in T-notes were limited by a sharp rebound in equity markets, which curbed safe-haven demand for government securities. Also, supply pressures are weighing on T-notes as the Treasury will auction $125 billion of T-notes and T-bonds in this week's August quarterly refunding, beginning with Tuesday's $58 billion auction of 3-year T-notes. European government bond yields on Monday moved lower. The 10-year German bund yield fell to a 1.5-week low of 2.624% and finished down -5.4 bp to 2.624%. The 10-year UK gilt yield dropped to a 1-month low of 4.501% and finished down -1.9 bp to 4.509%. The Eurozone Aug Sentix investor confidence index unexpectedly fell -8.2 to -3.7, weaker than expectations of an increase to 6.9. Swaps are discounting the chances at 15% for a -25 bp rate cut by the ECB at the September 11 policy meeting. US Stock Movers Strength in the Magnificent Seven technology stocks supported gains in the broader market. Nvidia (NVDA), Alphabet (GOOGL), and Meta Platforms (META) closed up more than +3%. Also, Microsoft (MSFT) and Tesla (TSLA) closed up more than +2%. In addition, Apple (AAPL) closed up +0.48%. Chip stocks rallied on Monday, a supportive factor for the overall market. Broadcom (AVGO) and KLA Corp (KLAC) closed up more than +3%. Also, Advanced Micro Devices (AMD), Micron Technology (MU), Marvell Technology (MRVL), and Lam Research (LRCX) closed up more than +2%. In addition, ARM Holdings Plc (ARM), Applied Materials (AMAT), and ASML Holding NV (ASML) closed up more than +1%. Steelcase (SCS) closed up more than +60% after being acquired by HNI for $2.2 billion or about $18.30 per share. Idexx Labs (IDXX) closed up more than +27% to lead gainers in the S&P 500 and Nasdaq 100 after reporting Q2 revenue of $1.11 billion, better than the consensus of $1.07 billion, and raising its full-year EPS forecast to $12.40-$12.76 from a previous forecast of $11.93-$12.43, stronger than the consensus of $12.21. Wayfair (W) closed up more than +11% after reporting Q2 adjusted EPS of 87 cents, well above the consensus of 33 cents. Spotify (SPOT) closed up more than +5% after it said it will increase the monthly cost of premium subscriptions in Markets across South Asia, the Middle East, Africa, Europe, and Latin America. Martin Marietta Materials (MLM) closed up more than +3% after raising its full-year adjusted Ebitda forecast to $2.30 billion from a previous forecast of $2.15 billion-$2.45 billion, stronger than the consensus of $2.27 billion. Tyson Foods (TSN) closed up more than +2% after reporting Q3 sales of $13.88 billion, above the consensus of $13.55 billion. ON Semiconductor (ON) closed down more than -16% to lead losers in the S&P 500 and Nasdaq 100 after forecasting Q3 adjusted gross margin of 36.5% to 38.5%, the midpoint weaker than the consensus of 37.7%. Bruker Corp (BRKR) closed down more than -8% after reporting Q2 revenue of $797.4 million, below the consensus of $810.2 million. LyondellBasell Industries NV (LYB) closed down more than -4% after reporting Q2 adjusted Ebitda of $715 million, weaker than the consensus of $743.9 million. Berkshire Hathaway (BRK.B) closed down more than -3% after reporting Q2 operating earnings fell -3.8% y/y to $11.16 billion. Waters (WAT) closed down more than -1% after forecasting Q3 adjusted EPS of $3.15-$3.25, the midpoint below the consensus of $3.23. Earnings Reports (8/5/2025) Advanced Micro Devices Inc (AMD), Aflac Inc (AFL), Amgen Inc (AMGN), Apollo Global Management Inc (APO), Archer-Daniels-Midland Co (ADM), Arista Networks Inc (ANET), Assurant Inc (AIZ), Ball Corp (BALL), Broadridge Financial Solutions (BR), Caterpillar Inc (CAT), Cummins Inc (CMI), DaVita Inc (DVA), Devon Energy Corp (DVN), Duke Energy Corp (DUK), DuPont de Nemours Inc (DD), Eaton Corp PLC (ETN), Expeditors International of Washington (EXPD), Fidelity National Information (FIS), Fox Corp (FOXA), Gartner Inc (IT), Henry Schein Inc (HSIC), International Flavors & Fragrances (IFF), Jacobs Solutions Inc (J), Leidos Holdings Inc (LDOS), Marathon Petroleum Corp (MPC), Marriott International Inc/MD (MAR), Match Group Inc (MTCH), Molson Coors Beverage Co (TAP), Mosaic Co/The (MOS), News Corp (NWSA), Pfizer Inc (PFE), Public Service Enterprise Group (PEG), Skyworks Solutions Inc (SWKS), Super Micro Computer Inc (SMCI), TransDigm Group Inc (TDG), Yum! Brands Inc (YUM), Zebra Technologies Corp (ZBRA), Zoetis Inc (ZTS). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
2 hours ago
- Yahoo
NVIDIA & 2 Other Profitable Stocks to Retain in August
Investors should look for companies that generate strong returns after accounting for all operating and non-operating expenses. Therefore, it's wise to invest in a profitable company rather than one that is losing money. Here, we use accounting ratios to evaluate a company's profitability. Among various profitability ratios, we select the most effective and commonly used metric to assess a firm's bottom-line performance. To that end, NVIDIA Corporation NVDA, Broadcom Inc. AVGO and ServiceNow, Inc. NOW have been selected as top picks for the second half of the year due to their high net income ratios. Net Income Ratio The net income ratio gives us the exact profitability level of a company. It reflects the percentage of net income to total sales revenues. Using the net income ratio, one can determine a firm's effectiveness in meeting operating and non-operating expenses from revenues. A higher net income ratio usually implies a company's ability to generate ample revenues and successfully manage all business functions. Screening Parameters Using Research Wizard: The net income ratio is not the only indicator of future winners. So, we have added a few more criteria to arrive at a winning strategy. Zacks Rank less than or equal to 3 (Only Zacks' 'Strong Buys', 'Buys', and 'Holds' are allowed. With the Zacks Rank proving itself to be one of the best rating systems out there, this is a great way to start things off.) Trailing 12-Month Sales and Net Income Growth Higher than X Industry: Stocks that have witnessed higher-than-industry sales and net income growth in the past 12 months are positioned to perform well. Trailing 12-Month Net Income Ratio Higher than X Industry: A high net income ratio indicates a company's solid profitability. Percentage Rating Strong Buy greater than 70: This indicates that 70% of the current broker recommendations for the stock are Strong Buy. These few parameters have narrowed the universe of more than 7,685 stocks to only 11. Here are three of the 11 stocks that qualified for the screening: NVIDIA NVIDIA offers solutions for graphics, computing, and networking in the United States, Singapore, Taiwan, China, Hong Kong and around the world. The 12-month net profit margin of NVDA is 51.7%. NVIDIA has a Zacks Rank #3 (Hold) (read more: IonQ or NVIDIA: Which Stock Has More Upside in Quantum?). Broadcom Broadcom creates, builds and provides a range of semiconductor devices and infrastructure software solutions around the globe. The 12-month net profit margin of AVGO is 22.6%. Broadcom has a Zacks Rank #3. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here. ServiceNow ServiceNow offers a cloud-based solution designed for digital workflows across North America, Europe, the Middle East and Africa, Asia Pacific, and on an international scale. The 12-month net profit margin of NOW is 13.8%. ServiceNow has a Zacks Rank #3. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks' portfolios and strategies are available at: Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
