 |
|
|
|||||
AI powerhouse Nvidia reported quarterly earnings Wednesday that beat expectations, but shares slipped amid concerns about an AI chip spending bubble and the company's stalled business in China. - Fortune in play - The earnings report comes amid market worries about an AI spending bubble that could burst and hurt the chip giant's fortunes.
Category:
News and Media
Motilal Oswal Securities remains positive on India's consumer sector after a stable first quarter. The brokerage favors Hindustan Unilever, Godrej Consumer, and Marico. It anticipates a widespread recovery in fiscal year 2026. This recovery will be due to lower inflation and possible rate reductions. Tax advantages and robust festive season demand will also help.
Category:
News and Media
ByteDance, the parent company of TikTok, is planning a new employee share buyback, valuing the company at over $330 billion. This decision follows a 25% year-on-year surge in second-quarter sales, reaching approximately $48 billion, primarily driven by its China business. The buyback offers employees liquidity without an IPO, highlighting ByteDance's financial strength.
Category:
News and Media
All news |
||||||||||||||||||
|
||||||||||||||||||