Latest news with #Iridium
Yahoo
3 days ago
- Business
- Yahoo
Cathie Wood Goes Shopping: 3 Stocks She Just Bought
Key Points Nvidia shares have nearly doubled off their springtime lows, but Ark Invest is still adding to the country's most valuable publicly traded company. Iridium is cranking out uninspiring revenue gains, but the bottom line is a better story. Teradyne has seen back-to-back weeks of analyst downgrades, but Cathie Wood sees an opportunity. 10 stocks we like better than Nvidia › It's been a great year for the co-founder and CEO of Ark Invest to get her groove back. Cathie Wood's largest exchange-traded fund is now up 31% this year, well ahead of the three major market indexes that are sporting single-digit-percentage gains in 2025. Wood publishes Ark's daily transactions at the end of every trading day. What's she buying now? Nvidia (NASDAQ: NVDA), Iridium Communications (NASDAQ: IRDM), and Teradyne (NASDAQ: TER) are three of the more interesting stocks that Ark bought on Wednesday. Wood was adding to existing positions in all three names. Let's take a closer look. 1. Nvidia You can't stop the artificial intelligence (AI) revolution, something that has catapulted Nvidia to the market cap crown among U.S. exchange-listed stocks. The developer of graphics processing units and AI chips became the first company to top $4 trillion in market capitalization this summer, notching another all-time high this week. Nvidia investors weren't as giddy earlier this year. The shares would shed more than a third of their value in 2025 by the time Nvidia bottomed out. A one-two punch -- initially triggered by news of a Chinese AI start-up announcing that it could deliver respectable generative AI without using Nvidia's latest chips and then culminating in export restrictions into China for its high-end H20 chips -- fueled the sell-off, but the comeback story was as fast as some of the company's chips. Nvidia has braced investors to expect billions in quarterly charges stemming from its inability to move H20 chips into the country with the world's second-largest economy. However, there is some light at the end of that trade war tunnel. U.S. Commerce Secretary Howard Lutnick told Reuters this week that resuming H20 sales is a bargaining chip in negotiations with China in order to get more essential rare-earth elements going the other way. It also seems that the initial cheap AI threat of China's DeepSeek was overblown. Nvidia saw its revenue surge a better-than-expected 73% its latest quarter. Analysts see Nvidia revenue and earnings per share soaring 52% and 47% respectively, when it reports financial results next month. The shares have gone on to nearly double since its April lows. It's just another win for the country's most valuable publicly traded company, a scintillating 10-bagger over the past three years. 2. Iridium Communications Iridium hasn't had the same dramatic recovery as Nvidia, but it is clawing its way back to its recent highs. The data and voice satellite communications specialist also isn't growing as quickly as the company wearing the market cap crown, but its business is improving. Iridium was serving more than 2.4 million total billable subscribers by the end of March, a 5% increase over the past year. It will provide its second-quarter results next week. Growth is being fueled by gains in commercial Internet of Things. Top-line growth hasn't been very impressive. Iridium has clocked in with just one year of double-digit revenue growth over the past six years. However, its bottom line is making a more dramatic recovery. Analysts see Iridium's business growing at a modest 6% clip this year, slowing to 4% in 2026. However, they are also targeting a better-than-30% jump on the bottom line in each of those years. Margin improvement could drive its current yield of nearly 2% higher. 3. Teradyne Business is starting to accelerate for Teradyne. The maker of chip-testing equipment saw its revenue rise 5% last year after back-to-back years of double-digit declines. It's starting to pick up the pace. Teradyne's top line has come through with double-digit gains in back-to-back quarters. Wood might be early on Teradyne. Samik Chatterjee at J.P. Morgan downgraded the shares from overweight to neutral just hours after Ark added to its Teradyne stake. The analyst is concerned about customers holding back on investing in semiconductor equipment in this macro environment, but that would be a near-term setback that could lead to pent-up demand in the long run. Chatterjee is still raising the firm's price target to $102, a move that still has 11% of near-term upside to the current price. Unfortunately this is the second downgrade Teradyne has seen this month. Wood loves her winners, but she also doesn't mind opportunistic nibbles on some of her laggards. Do the experts think Nvidia is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Nvidia make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,059% vs. just 180% for the S&P — that is beating the market by 879.31%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase and Nvidia. The Motley Fool recommends Teradyne. The Motley Fool has a disclosure policy. Cathie Wood Goes Shopping: 3 Stocks She Just Bought was originally published by The Motley Fool
Business Insider
3 days ago
- Business
- Business Insider
Cathie Wood's ARK Investment buys 12.2K shares of Iridium today
20:45 EDT Cathie Wood's ARK Investment buys 12.2K shares of Iridium (IRDM) today Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
28-06-2025
- Business
- Yahoo
Iridium Communications, GCT Semiconductor Partner to Accelerate 5G Satellite IoT Development
Iridium Communications Inc. (NASDAQ:IRDM) is one of the best telecom stocks to buy according to Wall Street analysts. On June 4, GCT Semiconductor Holding Inc. (NYSE:GCTS) announced a collaboration with Iridium Communications to integrate Iridium NTN Direct service into GCT's advanced GDM7243SL chipset. The partnership aims to expedite the development of a new Iridium network-enabled Narrowband Internet of Things (NB-IoT) chipset. The development will adhere to the requirements for 3GPP Release 19, which is the next phase of 5G Advanced technology to integrate satellite communications. Both companies will jointly explore opportunities, business models, specific use cases, and commercial deployment requirements for the new chipset. A technician inspecting a satellite dish, highlighting the Mobile Voice and Data Services scope. 3GPP Release 19 builds upon Release 18, which further enhances 5G networks with features like improved support for Non-Terrestrial Networks (NTNs) and satellite communications, network energy efficiency, and AI/ML integration. The functional freeze of features for Release 19 is expected by September this year, with the first Iridium NTN Direct-connected devices planned to be available in 2026. Iridium Communications Inc. (NASDAQ:IRDM) offers mobile voice and data communications services & products to businesses, the US & international governments, non-governmental organizations, and consumers. is a fabless semiconductor company that designs, develops, and markets ICs for the wireless semiconductor industry. While we acknowledge the potential of IRDM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
India Gazette
20-06-2025
- Business
- India Gazette
Govt imposes import restrictions on certain gold-containing precious metal alloys to prevent gold imports in disguised form
New Delhi [India], June 20 (ANI): The Ministry of Commerce and Industry has announced new import restrictions on certain precious metal alloys containing gold, as well as colloidal metals and chemical compounds. These steps have been taken to strengthen regulatory oversight and prevent misuse of trade channels for importing gold in disguised forms. The ministry in a statement stated that it 'has issued Notification No. 18/2025-26 dated 17th June 2025, to restrict import of alloys of Palladium, Rhodium, and Iridium containing more than 1 per cent gold by weight'. In an official notification dated June 17, 2025, the Directorate General of Foreign Trade (DGFT) issued Notification No. 18/2025-26 to restrict the import of alloys. This move is part of a broader strategy to regulate the import of precious metals and their alloys. This restriction expands the existing rule that earlier applied only to platinum, as outlined in Notification No. 60/2024-25 dated March 5, 2025. With this update, the government has now brought the entire Customs Tariff Heading (CTH) 7110 under the restricted import category at the 4-digit level. This ensures a uniform and consistent policy framework for all precious metals and their related alloys. However, the government has adopted a balanced approach by allowing the free import of alloys containing less than 1 per cent gold. This provision ensures that industrial and manufacturing sectors, including electronics, auto components, and specialised chemical industries, are not impacted. The aim is to maintain the smooth availability of essential raw materials while also keeping a check on gold misuse. In a separate notification, DGFT also issued Notification No. 19/2025-26 on the same date to restrict imports of colloidal metals and chemical compounds classified under CTH 2843. This measure was necessary to prevent the import of gold disguised as chemical compounds. To avoid disruptions for genuine industrial users, the import of these colloidal metals and compounds will be permitted against import authorisation for sectors such as electronics, electrical, and specialised chemical industries. This ensures that the needs of domestic industries are met without loopholes being exploited. The government's recent measures reflect a calibrated trade policy approach, balancing the ease of doing business for industry with tighter control to curb irregular gold imports. (ANI)
Economic Times
19-06-2025
- Business
- Economic Times
New curbs on gold import: Restrictions placed on certain forms of yellow metal
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The government has put in place restrictions on the import of specific colloidal precious metals to curb the unlawful entry of gold into India in liquid form, reports said on June may be noted here that colloidal precious metals refer to mixtures where nanoparticles of gold or silver are suspended in a an announcement, the Directorate General of Foreign Trade indicated that the import policy for items classified under CTH 2843 has been changed from free to restricted, effective to specialists and industry insiders, certain importers were exploiting this method to bring in goods from nations such as classification includes colloidal precious metals as well as both inorganic and organic compounds of precious another announcement, the Directorate specified that the importation of alloys containing Palladium, Rhodium, and Iridium which contain more than one percent gold by weight is now the months of April and May this fiscal year, gold imports saw a decline of 3.82 per cent, totaling $5.64 billion.
