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President Donald Trump signaled he may approve Nvidia's sale of a scaled-down Blackwell AI chip to China with performance cuts of up to 50%, while defending a rare deal requiring Nvidia and AMD to give the U.S. 15% of their China sales amid ongoing national security concerns.
The financial markets are abuzz with significant movements in key sectors this week, as reports of a high-stakes White House visit by Intel's CEO sent its stock soaring, while production delays at a major Chinese mine ignited a rally among global lithium producers. These distinct events, though unrelated, underscore the
Wall Street's leading financial institutions, Citi (NYSE: C) and UBS (NYSE: UBS), have significantly raised their year-end targets for the S&P 500 (SPX), signaling a robust and increasingly optimistic outlook for the U.S. equity market. This wave of bullish sentiment is primarily fueled by a stronger-than-anticipated corporate earnings
President Donald Trump's assertive tariff policies continue to send ripples through global financial markets, most recently highlighted by an unprecedented agreement with leading semiconductor manufacturers and a dramatic swing in gold prices. The administration's ongoing use of import taxes, which have pushed the average U.S. tariff rate to its
The U.S. stock market is experiencing a period of cautious trading, with major indexes pulling back slightly from their recent highs as investors brace for crucial inflation data set to be released this week. This subdued sentiment reflects a broader anxiety on Wall Street regarding the trajectory of inflation
Shares of aerospace and defense company Curtiss-Wright (NYSE:CW)
jumped 3.9% in the afternoon session after the company announced a $200 million expansion of its 2025 share repurchase program, increasing its expected annual buybacks to $266 million for the year. Share repurchase programs reduce the number of shares outstanding, which can increase earnings per share and signal management's confidence in the company's value. The move is supported by strong financials, with CEO Lynn M. Bamford noting the company is "compounding earnings at a mid-teens pace over time, and delivering strong and consistent free cash flow generation." This follows the company's recent decision to raise its full-year 2025 guidance after strong second-quarter results. Adding to the positive momentum, Curtiss-Wright also announced it was selected by Rheinmetall to provide its turret drive stabilization system for the new KF51 Panther Main Battle Tank.
Shares of theater company AMC Entertainment (NYSE:AMC) jumped 3.2% in the afternoon session after it reported strong second-quarter financial results that surpassed analyst expectations for both revenue and earnings. The company reported second-quarter revenue of $1.40 billion, a 35.6% increase from the previous year, beating analysts' consensus estimate of $1.36 billion. On the profitability front, AMC broke even with an adjusted earnings per share of $0.00, which was a strong performance compared to Wall Street's expectation of a loss. The company's financial recovery was further underscored by a positive free cash flow of $88.9 million, a sharp turnaround from a negative $79.2 million in the same quarter last year.
Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 3.7% in the afternoon session after it announced the expansion of its NVIDIA Blackwell system portfolio with new advanced cooling systems designed for AI factories. The technology company announced two new additions to its lineup: a 4U liquid-cooled system and an 8U air-cooled variant, both powered by NVIDIA's Blackwell architecture. These systems are specifically designed for the heavy workloads of large-scale AI training and cloud-scale inference. According to the company, the new products aim to streamline deployment and reduce operational expenses by simplifying cabling and improving thermal efficiency. CEO Charles Liang stated that the new systems will help achieve "greater power savings and faster time to online for AI Factory deployments," positioning the company to capitalize on the growing demand for powerful and efficient AI infrastructure.
Wall Street is navigating a nuanced start to the week, with U.S. stock futures generally pointing higher, signaling a cautious yet optimistic sentiment among investors. This comes on the heels of a robust performance by major U.S. indexes last week, which saw the Nasdaq Composite (NASDAQ: COMP) achieve
As the curtain falls on another corporate earnings season, the S&P 500 has delivered a performance that has largely exceeded initial expectations, painting a picture of surprising corporate health amidst a complex economic landscape. Companies across various sectors have reported significant year-over-year profit and revenue growth, providing a much-needed
The financial markets are currently witnessing a stark divergence in corporate fortunes, highlighted by the recent earnings reports of two prominent technology companies. C3.ai (NYSE: AI), an enterprise AI software provider, has experienced a significant stock tumble following a warning of a potential operating loss and a critical assessment
The intricate dance of U.S.-China trade relations has taken a new, unprecedented turn, marked by a novel revenue-sharing agreement for American tech giants and a renewed push for agricultural purchases. In a significant development, chipmakers Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have reportedly agreed to
The financial markets are abuzz with renewed optimism for a potential interest rate cut by the Federal Reserve in September 2025. This sentiment has been significantly fueled by a weaker-than-expected jobs report for July, which painted a picture of a cooling labor market. Coupled with supportive comments from key Federal
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