BlackJack3D A host of semiconductor companies well positioned in the artificial intelligence race surged ahead of the market on Monday, as sector demand is poised to accelerate further in the quarters ahead. Super Micro Computer (NASDAQ:SMCI) was leading the pack as it surged nearly 7% by early afternoon trading. “TheContinue Reading
Nikada Tencent’s (OTCPK:TCEHY) (OTCPK:TCTZF) new game Dungeon & Fighter Mobile retained its place as China’s top-grossing game in spite of the launch of a major competitor from Mihoyo, Bloomberg News reported. Zenless Zone Zero, or ZZZ, generated in $3.4M from iPhone players in China on July 4, compared to theContinue Reading
Home improvement and building stocks were under pressure Monday after construction spending was unexpectedly soft in May, down 0.1% from a revised 0.3% increase the month prior. The data weighed on stocks in the category with Home Depot (NYSE:HD) and Lowe’s (LOW) down 2% and 3%, respectively at the closeContinue Reading
Akacin Phonsawat/iStock via Getty Images May Construction Spending: +0.1% M/M to $2,139.8B vs. +0.3% expected and -0.1% in April. The May figure is 6.4 percent above the May 2023 estimate of $2,011.8 billion Spending on private construction was at a seasonally adjusted annual rate of $1,652.1 billion, 0.3 percent belowContinue Reading
As the outcome of the election reverberates through the economy and societal landscape of the country, it also has an impact on consumer spending. Wells Fargo analyst Ike Boruchow examines the trends in softlines spending – clothes, bedding, footwear, jewelry – during the year of a presidential election, and howContinue Reading
Artificial intelligence spending could rise $60B year-over-year in 2024, bringing the total to roughly $167B since the AI craze started, Barclays estimates. And although the spending frenzy has shown no signs of slowing down, the investment firm wonders when enough is enough. Spending for the big hyperscalers like Google (GOOG)Continue Reading
jewhyte Microsoft (NASDAQ:MSFT) has been at the forefront of the generative artificial intelligence revolution, and a deeper dive suggests that the efficiency of its spending is close to year four or five of its Azure build out, Goldman Sachs analysts said. Despite the fact Microsoft is roughly a year intoContinue Reading
