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Nvidia’s Huang Ignites Asia Tech Rally With AI, Robots Vision
Bloomberg128d agobullish
Nvidia’s Huang Ignites Asia Tech Rally With AI, Robots Vision

(Bloomberg) -- The latest report from Nvidia Corp. may have left its investors wanting more but it gave a jolt to the shares of a broad swath of Asian tech companies. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockSpaceX Shows $4.3 Billion Loss as Musk Targets Record IPOIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go MainstreamA B

Samsung shares soar as strike averted, but bonuses of $416,000 for some stoke concern
Reuters128d agobullish
Samsung shares soar as strike averted, but bonuses of $416,000 for some stoke concern

Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to ‌avert a strike, although the terms which included bonuses of around $416,000 for some workers ‌gave rise to some concern. A planned 18-day strike by some 48,000 union members has now been suspended, while the agreement, which ​was mediated by the government, is put to a vote between May 22 and May 27. The deal sparked relief across South Korea.

Michael Burry buys beaten-down, forgotten fintech stock
TheStreet128d agobullish
Michael Burry buys beaten-down, forgotten fintech stock

While the rest of the market has been chasing AI, Michael Burry spent his Monday evening on Substack explaining why he has been buying the stocks everyone else is ignoring. He has a name for what he is seeing. And it is not a phrase Wall Street has used before. Burry disclosed in a Substack post on ...

Asian shares surge after oil prices slip and Wall Street resumes its AI rally
Associated Press128d agobullish
Asian shares surge after oil prices slip and Wall Street resumes its AI rally

Shares rallied Thursday across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back. The advance was also powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%. Nvidia has been one of the biggest beneficiaries from the boom in artificial intelligence, thanks to powerful demand for its high-end AI chips.

Samsung Electronics' shares jump after tentative wage deal suspends strike
Reuters128d agobullish
Samsung Electronics' shares jump after tentative wage deal suspends strike

Samsung Electronics' shares rose as much as 6.5% in morning trade on ‌Thursday after the tech giant and its ‌South Korean union reached a tentative pay deal, potentially averting a ​strike that had threatened to hit the economy and undermine global chip supply chains. The union said the planned 18-day strike by nearly 48,000 members would be suspended ‌while the tentative 11th-hour ⁠deal is put to a vote between May 22 and 27. Ryu Young-ho, a senior analyst at NH Investment & Securities, said investors were relieved ​that uncertainty ​surrounding the prospect of ​a strike had eased.

Scion Group & Ares Management Team Up to Buy $910M in Student Housing
Bloomberg128d agobullishVIDEO
Scion Group & Ares Management Team Up to Buy $910M in Student Housing

Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of tuition, as his company announces a deal with Ares Management to but $910M in student housing properties. Bronstein, joined by Bloomberg's Norah Mulinda, said that his investment is aimed at providing a wide net of locations and price points in the student housing market.

Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback
Reuters129d agobullish
Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback

Nvidia forecast second-quarter revenue above Wall Street expectations on Wednesday, and announced an $80 billion share repurchase program. Shares of the company ‌were marginally down in extended trading. The world's most valuable company expects ‌revenue of $91 billion, plus or minus 2%, compared with estimates of $86.84 billion, according to data compiled by ​LSEG.

Goldman Sachs reveals lurking risks as stock market surges
TheStreet129d agobullish
Goldman Sachs reveals lurking risks as stock market surges

The S&P 500 is up roughly 10% in 2026. Global earnings are being revised higher. Corporate capital spending is at levels not seen in decades. Goldman Sachs published a global strategy note on May 19 that agrees with all of that. And then it explains why the rally may be more fragile than it ...

Cava Stock Looks Spicier But Undercooked After Earnings Beat
Investor's Business Daily129d agobullish
Cava Stock Looks Spicier But Undercooked After Earnings Beat

Cava stock jumped on Wednesday after the fast-growing Mediterranean chain posted stronger-than-expected sales, traffic and earnings growth. Cava Group revenue growth was the fastest since the third quarter of 2024, while same-store sales growth was the best in a year. Restaurant Dive said that Cava's traffic and sales trends "far outpaced its fast casual rivals," noting that Sweetgreen and Wingstop posted some of their worst-ever comparable-store sales gains in Q1.