Last week, on May 10, several #Chinese #semicap_stocks experienced notable sell-offs, with NAURA, AMEC, and #Piotech declining by -5.1%, -3.7%, and -2.6%, respectively. This decline was attributed to concerns stemming from #SMIC’s reported remarks during their 1Q24 earnings call regarding overcapacity and reduced capex for the following year. However, #analysts assert this interpretation is […]

  #Analysts at Piper Sandler reiterated an Overweight rating and $465 price target on Microsoft (NASDAQ:#MSFT) in a note Monday, telling investors that the #company’s security segment remains a “key growth vector with healthy secular tailwinds.” The firm estimates that Security has crossed over ~10% of sales with broad reach into approximately 1 #million customers

  In the ever-evolving landscape of #customer service and engagement, leveraging technology to drive growth and enhance customer experiences has become paramount for #businesses striving to stay ahead. One company that has exemplified this approach is Five9 (NASDAQ:#FIVN). Amidst a rapidly changing market, Five9 managed to achieve a remarkable 29% year-over-year growth, a feat attributed

  #usa_crews in Baltimore plan to set off controlled explosions on Monday to allow them to remove a portion of the collapsed Francis Scott Key Bridge from the bow of the massive container ship that toppled the span in March. The #detonations will break the #bridge’s truss into small sections, enabling salvage crews to use

  #Goldman Sachs strategists noted Monday that European markets are reaching new all-time highs, with the #STOXX_600 and #Euro_ Stoxx 50 up 10% and 14% year-to-date, respectively, outperforming both the S&P 500 and NASDAQ. #Markets in the UK, France, Italy, and Spain have hit new highs since the onset of COVID, they highlighted. The upsurge comes as the

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  #Wall_Street looks set to start the week on a positive note, but trading ranges are likely to be tight ahead of the release of key inflation data which could determine the market’s near-term direction. Arm Holdings is seen setting up a AI chip division, while #Chinese consumer inflation #rises once more.  1. #Futures edge

  #USA_stock futures edged higher Monday, with investors looking forward to more corporate earrings as well as key consumer inflation data. Here are some of the biggest premarket U.S. stock movers today: #Intel (NASDAQ:#INTC) stock rose 1.2% after the WSJ reported that the tech giant was in advanced talks with Apollo Global Management (NYSE:#APO) for the manufacture of

  #Vladimir_Putin tapped a civilian economist as his surprise new defence minister on Sunday in an attempt to gird Russia for economic war by trying to better utilise the defence budget and harness greater innovation to win in #Ukraine. More than two years into the conflict, which has cost both sides heavy casualties, Putin proposed

  #Inflation data from the world’s three #largest economies  #China, the #United_States and euro zone – sets the tone for world #markets this week, and Asia gets the ball rolling on Monday following the April figures out of #Beijing at the weekend. The general market #backdrop on Monday should be positive with a U.S. interest