Circuit-Board Maker Victory Giant Is Said to Consider Hong Kong Listing
The maker of printed circuit boards is working with advisers on a potential second share sale that may take place as soon as this year, the people said, asking not to be identified because the information is private.
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Forbes
an hour ago
- Forbes
7 Business Lessons For AI
From above photo of an anonymous African-American woman analyzing business graph on a laptop ... More computer while sitting at restaurant desk with notebook, pen and eyeglasses. When considering any implementation of AI in a business, leadership teams have a weighty responsibility. This is an approach that people want to get right. They face a few challenges – that the technology is so nascent, that there doesn't seem to be a lot of road maps available for companies, and that many people instinctively distrust large language models to automate processes. So what's to be done? A Leader's Perspective Here's where I recently got some insights from a paper written by Lidiane Jones, who was previously head of Slack, and CEO of Bumble, a major dating platform. Jones breaks down some of the aspects of AI implementation that C-suite people are looking at. Data Transfers and Governance Jones points out that transformations like ETL (extract, transform, load) and ELT (extract, load, transform) predated AI, but data is still siloed in many cases. One solution Jones touts is an 'omnichannel data strategy' – this, she writes, 'will ensure privacy and security of your data, ease of access for business applications, offer real time capabilities and can integrate with your everyday tools.' Compliance with Financial Data Rules For example, Jones speaks about the need to focus on compliance in some areas. 'Every company has critical financial data, subject to audit, regulation and compliance that must be carefully protected,' she writes. 'Normally, for more scaled companies, this data sits on an ERP system. Every CEO, CFO, COO and CRO needs critical real-time insight from these systems, to determine how the business is performing against plans, how expenses are tracking against the budget or how a change in employee investment … will affect the overall cost structure and velocity of the business, among numerous other capital allocation considerations.' Business Intelligence for the Win In terms of general business intelligence, Jones spins a story to illustrate: 'Imagine a Sales Executive who develops a multi-year high trust relationship with one of a company's most important large customer, and she decides to leave the company for a better career opportunity,' she writes. 'Historically, though there will be good information about that customer and notes from this leader, much of her institutional knowledge leaves with her. Corporate human knowledge exists within organizations, and is shaped by the culture, people and business processes.' She then addresses the role of workflow tools and other platform resources. 'Collaboration software of all kinds like Slack, Google Workspace and Teams … have a lot of people's knowledge embedded in them that is hardly ever nurtured,' she adds. 'Unstructured data like this is highly effective in training LLMs, and can provide opportunities that haven't existed before - like capturing the sentiment of what this large customer loved the most about their relationship with this Sales Executive.' She also gave a nod to the potential difficulties, conceding that ' it might feel daunting to expand data strategy planning to be as broad as this,' but notes that partnering with vendors and other firms can help. 'Phasing and prioritizing how you bring more of your data into a single system is key to making progress and capturing business value along the way,' she writes. Agents do the Agenting Jones also makes an important point about the use of AI agents. It goes sort of like this: we're used to computers doing calculations, and digesting and presenting information, but these new systems can actually brainstorm on their own to change processes. 'In many instances, agents can optimize workflows themselves as they determine more effective ways to get the work done,' she writes. A Story of Implementation Citing ChatGPT's meteoric rise, Jones talked about using these technologies in the context of her work at Slack, which is, after all, a business communication tool. She chronicled the firm's connection with companies like OpenAI circa 2017. 'At the time, when I was leading Slack, it was exciting to collaborate with OpenAI, Cohere and Anthropic to use their LLMs to help our customers with some of the most challenging productivity challenges at Slack,' she writes. The challenges she enumerates: 'finding a conversation they knew they had but couldn't remember in what channel, or help customers manage the large amount of messages they received with summaries and prioritization, optimize search for information discovery and so much more.' Then, too, the company created tools. 'We introduced Slack Canvas based templates to help our customers quickly create content based on their corporate information, and captured Huddles' meeting notes and action items, and that was just the beginning,' she explains. 'The capabilities of LLMs gave us the opportunity to solve real-world customer challenges in a pleasant and insightful way, while maintaining the experience of the Slack brand.' Calling this kind of thing the 'table stakes' of the new corporate world, Jones walks us through a lot of the way stations on the path to what she calls 'co-intelligence.' That includes workflow automation, agentic AI, multi-agent systems, and new interfaces. Our AI Brethren Here's one way that Jones characterizes managing an AI: 'Considering autonomous agents as truly 'digital workers' can be a helpful framing for questions we already think of today with 'human workers' like: how does the employer track the quality of the work done? What systems does the digital worker have access to? If the company is audited, how do we track what steps and actions were taken by the digital worker? If the digital worker's actions turn malicious, how do we terminate the agent?' As for the extent of agent autonomy, Jones suggests that fully autonomous agents will be able to handle a complex or 'scoped' job on their own, conceding, though, that 'even an autonomous agent, like a human, needs a job scope and definition - or a set of instructions - on the job at hand.' This new world is one we will have to reckon with soon. Four Principles of Leadership Jones finished with a set of ideas for those who are considering these kinds of deployments. 1. Be hands-on: as a leader, stay close to what's happening 2. This one goes back to prior points: working with vendors and partners is a plus 3. Build an AI-first culture with AI-native projects 4. Find the value for your company I found this to be pretty useful for someone who is contemplating a big move in the age of AI. Some of the best ideas for leadership can be gleaned from TED talks, conferences, and these kinds of personal papers on experience with the industry.
Yahoo
2 hours ago
- Yahoo
China, Chips, and Chaos: Where Smart Investors Are Putting Their Money Now
As geopolitical tensions rise and global supply chains shift, investors around the world are focusing on one of today's most important industries: semiconductors. China is working hard to become self-sufficient in chip technology, whereas the U.S. is attempting to prevent the export of advanced chips in order to maintain its technological advantage. All this is happening while artificial intelligence (AI) advances at a rapid pace. These factors are creating a fast-moving, risky, but potentially lucrative market for investors. Amid the chaos, savvy investors prefer long-term stability to distraction. Here are two stocks that show where true innovation and resilience lie: More News from Barchart Dear Palantir Stock Fans, Mark Your Calendars for August 4 The 3 Buffett-Backed Dividend Stocks That Beat the Market in 2025 Should You Buy the Post-Earnings Plunge in Intel Stock? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Rising Star #1: Qualcomm Valued at $174.4 billion, Qualcomm (QCOM) develops and sells advanced semiconductors and wireless technologies, primarily for mobile phones, automotive systems, Internet of Things devices, and AI applications. It is best known for its Snapdragon processors. QCOM stock is up 3% year-to-date. Qualcomm's robust second quarter showcased the strength of its business model. Qualcomm reported a 15% increase in adjusted revenues to $10.8 billion year over year, with adjusted earnings of $2.85, representing 17% growth. The majority of this strength stemmed from the company's chip business, the Qualcomm CDMA Technologies (QCT) segment, which generated $9.5 billion. This was driven by strong growth in automotive (up 59%), IoT (up 27%), and handsets (up 12%). The Qualcomm Technology Licensing (QTL) licensing business contributed another $1.3 billion to overall revenue. Qualcomm continues to dominate the premium mobile market with its Snapdragon 8 Elite platform, which is regarded as one of the world's most powerful smartphone chipsets. Its Snapdragon X platform is also rapidly expanding into the PC market, to surpass its goal of 100 designs by 2026. Beyond mobile, Qualcomm is aggressively expanding into automotive, with the Snapdragon Digital Chassis platform helping it reach $8 billion in automotive revenue by fiscal 2029. Extended Reality (XR) is emerging as another growth driver, aided by Snapdragon technology and collaborations with Meta Platforms (META) and Samsung. The company intends to generate $2 billion in XR revenues by fiscal 2029. Qualcomm returned $2.7 billion to shareholders via dividends and buybacks, showing strong free cash flow generation and management confidence. The company has also committed to returning 100% of free cash flow to shareholders this fiscal year, citing strong fundamentals and a scalable model. Concerning China, Qualcomm continues to be a key player in the Chinese smartphone ecosystem, where local subsidies have increased flagship shipments. Management stated that the company's Q3 guidance takes current tariffs into account, also admitting that the trade landscape remains dynamic. Qualcomm has also taken steps to diversify its business, both geographically and across sectors, to reduce its reliance on a single region or product category. Overall, Wall Street rates QCOM stock a 'Moderate Buy.' Out of the 32 analysts that cover the stock, 15 rate it a 'Strong Buy,' one suggests a 'Moderate Buy,' 15 rate it a 'Hold,' and one rates it a 'Strong Sell.' Its average target price of $179.04 suggests an upside potential of 13% from current levels. Its high target price of $225 implies a potential upside of 42% in the next 12 months. Rising Star #2: Broadcom Valued at $1.3 trillion, Broadcom (AVGO) designs, develops, and distributes a wide range of semiconductor and infrastructure software products. Its diverse portfolio includes networking chips, enterprise storage, broadband, and wireless communication. Broadcom also provides enterprise software solutions for cybersecurity, storage, and mainframes. AVGO stock is up 24.8% year to date, outperforming the broader market. Broadcom reported staggering revenue of $15 billion in the second quarter, up 20% year over year. AI semiconductor revenue soared to $4.4 billion, up 46%, marking nine consecutive quarters of consistent growth. This growth was driven by custom AI accelerators (chips designed for specific hyperscaler clients) and AI networking, which account for 40% of AI semiconductor revenue. Management confidently forecasts 60% AI revenue growth in Q3 2025, which is expected to continue into fiscal 2026, cementing AI semiconductors as its long-term growth driver. Furthermore, software is no longer a side hustle for Broadcom. It has strengthened its position in software through strategic acquisitions such as VMware for $69 billion, which officially closed in 2024. Its infrastructure software segment generated $6.6 billion in revenue, up 25% YoY, accounting for 44% of total company revenue. Over 87% of Broadcom's top 10,000 customers now use VMware Cloud Foundation (VCF). Furthermore, the company is converting customers from perpetual licenses to subscription-based ARR, resulting in more predictable revenue. Looking ahead, major cloud players are expected to continue to invest, demand for training and inference workloads will rise, and software adoption will remain strong, painting a positive long-term outlook. Broadcom is not only growing rapidly, but also profitably. Adjusted earnings increased 44% to $1.58 per share in Q2. The company also generated $6.4 billion in free cash flow, paying out $2.8 billion in dividends and $4.2 billion worth of share repurchases. Despite rising U.S.-China tech tensions, Broadcom is well-positioned to thrive. It does not rely heavily on high-end GPUs with export restrictions. Overall, Wall Street rates AVGO stock a 'Strong Buy.' Out of the 36 analysts that cover the stock, 32 rate it a 'Strong Buy,' one suggests a 'Moderate Buy,' and three rate it a 'Hold.' Its average target price of $298.55 suggests an upside potential of 3% from current levels. Its high target price of $400 implies a potential upside of 38% in the next 12 months. The Key Takeaway No doubt, the U.S.-China chip war presents significant challenges. Export controls, shifting alliances, and technology bans may all cause short-term turbulence. However, the best way to profit from the semiconductor boom may be to invest in companies that can adapt, endure, and grow in uncertain times. Both Qualcomm and Broadcom serve this purpose. On the date of publication, Sushree Mohanty 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
Trump Just Hammered US Cars With Tariffs
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Toyota Motor Corp (NYSE:TM) just got a market-moving gift – and it came courtesy of U.S. trade policy. After the Donald Trump administration unveiled a new 15% tariff on imported vehicles, Toyota's stock surged 8%. Tariff Math That Favors The Competition Why? Because while Toyota gets away with a flat 15% hike, American automakers like Ford Motor Co (NYSE:F), General Motors Co (NYSE:GM), and Tesla Inc (NASDAQ:TSLA) are staring down a tangled—and far more expensive—tariff mess. Ford and GM aren't just dealing with the vehicle import tariff, pointed out Spencer Hakimian on X. They're also absorbing 50% more for steel and copper, 25% tariffs on parts from Canadian and Mexican factories, and a 55% hit on components sourced from China. Tesla, with its global supply web, doesn't escape the squeeze either. Trending: Be part of the breakthrough that could replace plastic as we know it— An 'America First' Policy That Backfired? What was meant to be a policy to bring auto jobs back to U.S. soil may end up doing the opposite – by raising input costs for American carmakers while giving Toyota a relatively cleaner ride. Ironically, Toyota's more consolidated and diversified supply chain, with more U.S.-based manufacturing than some of its American rivals, positions it to weather the new rules better. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service The optics are stark: a Japanese automaker rallying on a trade policy designed to promote American industry, while Detroit's giants get slapped with compounding Street Is Already Picking Sides The market's response was swift. Toyota popped. Ford and GM barely budged. Tesla continues to navigate a different narrative altogether, but even it can't dodge the rising cost of essential materials. For investors, the takeaway is clear: in the short term, tariff policy isn't just a political tool – it's a stock catalyst. And right now, Toyota's the one shifting into high gear. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo: Shutterstock This article Trump Just Hammered US Cars With Tariffs - Toyota Says Thanks originally appeared 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
