$Palantir Technologies Inc.(PLTR)$ PLTR‘s priceBig data and analytics playerPalantir Technologies stock(NYSE:PLTR) has rallied by almost 20% over the last month, considerably outperforming the S&P 500 which was up by just about 3% over the same period. There are a couple of factors driving the recent gains. Firstly, investors are likely seeing a lot more value in Palantir stock, which now remains down by over 50% year-to-date, and by almost 75% from its 2021 highs. Palantir has also struck up multiple deals of late with clients including auto major Stellantis, waste and recycling software provider Rubicon Technologies, and global commodities trader Trafigura. The company’s government business also won a large follow-on contract from U.S. Spa

$Sea Ltd(SE)$Singtel (SGX: Z74)Singtel has entered a share purchase agreement to acquire an additional 3.78% stake in its Thai associateIntouch Holdings Public Company Limited(“Intouch”) (BKK: INTUCH).The consideration payable is approximately S$330 million and will be paid for in cash.The purchase price was set at a 5% discount to the volume-weighted average price for Intouch’s shares.Singtel currently owns 21.21% of Intouch and this acquisition will raise its ownership stake to 24.99%.This move represents Singtel’s commitment to the Thai market and reinforces the telco’s position as two of the largest shareholders of the Intouch, alongsideGulf Energy(BKK: GULF).Through its increased stake in Intouch, Singtel will also increase its economic interest i

$Netflix(NFLX)$ NELX slumpsNFLX Stock Slumps as Goldman Sachs Says Netflix Is a ‘Sell’. The firm expects economic weakness and tougher competition will hurt NFLX stock. Goldman Sachs lowered its rating onNetflix(NFLX) to "sell" from "neutral." NFLX stock is sinking following the downgrade. As reasons for the move, the firm cited upcoming economic weakness and increased competition. Source: Kaspars Grinvalds / Shutterstock.comNetflix(NASDAQ:NFLX) stock is tumbling today after Goldman Sachslowered its ratingon NFLX to “sell” from “neutral.” The firm also slashed its price target on the shares to $186 from $265.Goldman cut its estimates for Netflix to reflect a deterioration in the firm’s macro outlook, analyst Eric Sheridan explained. More sp

Key takeawaysMost tech stocks faced severe challenges in 2022, including supply chain bottlenecks, closing factories and decreased demand due to inflationCompanies like Tesla and Netflix experienced significant hits to their stock pricesThe FAANG companies have been trending in a positive direction over the last few months, and analysts are hopeful they can continue the trend in light of recent layoffs and decreased recessionary fearsInvestors and analysts use the acronym FAANG to refer to five of the best-performing, tech-focused stocks of recent years. These include Meta Platforms (Facebook), Amazon, Apple, Netflix and Alphabet (Google). Every FAANG stock trades on the Nasdaq and is part of the S&P 500 Index.2022 was a particularly rough year for the FAANG stocks, with all five of th

$XIAOMI-W(01810)$Xiaomi recommitted itself to protecting customer dataXiaomi recommitted itself to protecting customer data during its annual Security and Privacy Awareness Month completed today. It held employee training events and expert seminars at the Xiaomi Technology Park in Beijing, China and at Xiaomi’s Technology Operation Center in Singapore.This was the third consecutive year that it held special classes for its engineers and other employees and led discussions with industry executives, IT security experts, and the public about the importance of data security and user privacy protection. Xiaomi also released updated white papers on security and privacy along with its annual transparency report detailing its data security activities.The pu

$Micron Technology(MU)$ MicronTechnology expects long-term revenue percentage growth in the high single digits, and above the overall semiconductor industry, the memory chip company said Thursday. DREAMSTIME Micron (ticker: MU) told investors and analysts at a San Francisco meeting that it sees strong growth for both DRAM and NAND memory chips in the years ahead. Growth will be driven in particular by rising demand from the automotive, data center, and industrial end markets, reducing Micron’s reliance on the PC and smartphone markets. Micron CEO Sanjay Mehrotra said in a presentation that the company expects bit growth in the mid-to-high teens for DRAM, and in the high 20s for NAND on an annual basis through 2025. The overall memory industry should re

$Apple(AAPL)$   Stock market Shares of Apple Inc.AAPL,+0.11%inched 0.11% higher to $140.52 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite IndexCOMP,+1.51%rising 1.51% to 11,434.74 and the Dow Jones Industrial AverageDJIA,+0.60%rising 0.60% to 32,120.28. Apple Inc. closed $42.42 short of its 52-week high ($182.94), which the company reached on January 4th. Apple’s Stock Can’t Keep Up With the Market. iPhone Doubts May Be Why. Investors are getting a little jittery about the outlook for iPhone sales. Apple generates more than half of its revenue from the smartphones, without even counting the billions of dollars brought in by the App Store and the growing suite of i

$OVERSEA-CHINESE BANKING CORP(O39.SI)$ KUALA LUMPUR: OCBC Bank will be increasing its base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25 per cent tomorrow (May 18) following Bank Negara Malaysia’s announcement of a hike in the overnight policy rate (OPR) to 2 per cent from 1.75 per cent. OCBC Bank CEO Datuk Ong Eng Bin KUALA LUMPUR: OCBC Bank will be increasing its base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25 per cent tomorrow (May 18) following Bank Negara Malaysia’s announcement of a hike in the overnight policy rate (OPR) to 2 per cent from 1.75 per cent. OCBC Bank chief executive officer Datuk Ong Eng Bin said the increase in the OPR was a move by the central bank to curb inflationary

$ARK Innovation ETF(ARKK)$Concourse Financial Group Securities Inc. lessened its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF–Get Rating) by 80.0% during the first quarter,HoldingsChannelreports. The firm owned 1,288 shares of the company’s stock after selling 5,164 shares during the period. Concourse Financial Group Securities Inc.’s holdings in ARK Fintech Innovation ETF were worth $37,000 as of its most recent SEC filing.A number of other hedge funds and other institutional investors also recently modified their holdings of ARKF. Commonwealth Equity Services LLC lifted its stake in shares of ARK Fintech Innovation ETF by 12.6% in the first quarter. Commonwealth Equity Services LLC now owns 343,771 shares of the company’s stock wort