$Intel(INTC)$ The CEO of Nvidia sent a big signal to the world this week. Intel might be on its way to becoming a viable manufacturing alternative to Taiwanese chip maker Taiwan Semiconductor Manufacturing. On Tuesday during a Q&A session with reporters in Taiwan, Nvidia (ticker: NVDA) CEO Jensen Huang was asked if the chip maker is looking to diversify its supplier base given the rising tensions between the U.S. and China. The executive noted Nvidia’s close and long-term relationship with TSMC (TSMC), along with Samsung (005930.Korea), for manufacturing its chips.
There's no sugarcoating it: PayPal stock has been a terrible investment over the last 18 months. In fact, shares are down 68% over that period. Nevertheless, this presents an opportunity for investors willing to play the long game. PayPal isn't some newly minted fintech. The company goes back 25 years, even though it didn't go public until 2015. It operates a global platform that facilitates digital and mobile payments. And while its platform isn't without competition, it remains lucrative. PayPal earned $795 million in net income in its most recent quarter (the three months ending March 31). It also generated almost $5.8 billion in free cash flow over the last 12 months.
$XPeng Inc.(XPEV)$ XPeng reported a net loss of RMB 2.34 billion for the first quarter, compared to market expectations of a net loss of RMB 1.898 billion and a net loss of RMB 1.7 billion for the same period last year. It reported an adjusted loss of RMB1.28 per share for the first quarter. Previously announced data showed that XPeng delivered 18,230 vehicles in the first quarter, slightly above the lower end of the guidance range of 18,000 to 19,000 vehicles. The company previously guided for first-quarter revenue of RMB 4 billion to RMB 4.2 billion, down about 43.7 percent to 46.3 percent year-on-year. XPeng deliveries have been weak since the second half of last year, with the G9 launch in September failing to ge
$Meta Platforms, Inc.(META)$ Shutterstock on Tuesday said it agreed to buy Giphy from Facebook parent Meta Platforms for $53 million in net cash, ending a yearslong legal battle that forced the sale of the social-media animated-images company. Shutterstock, a New York provider of licensed content, said the deal adds a mobile content platform with 1.7 billion daily users and global partners that include Instagram, Facebook, WhatsApp, Microsoft, TikTok, Samsung, Twitter, Slack and Discord. Meta last year said it would sell Giphy after the U.K.’s top competition authority affirmed an earlier order to undo its 2020 acquisition of the company for $315 million.
$Apple(AAPL)$ offers consistent gains and unrivaled brand loyalty This month, Apple's stock surpassed its year-over-year record high price of $174, achieved in August 2022, by inching over $175. While a stock reaching such heights might suggest it's too expensive, Apple shares continue to be a buy thanks to their consistent and reliable growth. In the last five years alone, the company's stock has risen 276% despite having to contend with a global pandemic and an economic downturn.
$Alibaba(BABA)$ Alibaba Group Holding Limited's growth slowed to 2% in the March quarter, underperforming consensus revenue estimates. Alibaba full-year growth was the slowest in almost a decade, underscoring the weight of ongoing macroeconomic, regulatory, and geopolitical pressures on the underlying business. Alibaba management has confirmed plans to pursue capital-raising activities for its cloud, logistics, international commerce, and retail grocery businesses, which the market had speculated about in recent weeks. But the market's muted response post-earnings implies there is much work left to be done at Alibaba to restore its battered credibility and investor confidence in the stock.
$SINGAPORE AIRLINES LTD(C6L.SI)$ Singapore Airlines Group (OTCPK:SINGY) (OTCPK:SINGF) on Tuesday said it had canceled orders for eight 737-8 passenger jets from Boeing (NYSE:BA). The carrier also said it had changed an order for three 787-9 Dreamliners to the bigger 787-10 configuration of the widebody plane. "These adjustments are in line with the group’s long-term fleet renewal strategy, and support its projected operational requirements," Singapore Airlines (OTCPK:SINGY) (OTCPK:SINGF) said in a statement about its full-year results. "Following these adjustments, the group currently has 100 aircraft in its order book."
$Tesla Motors(TSLA)$ Tesla Inc CEO Elon Musk will be under pressure to address investor concerns about the lack of a clear successor, softening demand and delays of some new models when he speaks at the electric-car maker's annual shareholder meeting on Tuesday. The billionaire entrepreneur, also the top boss of Twitter, last week announced that NBCUniversal's former advertising head Linda Yaccarino will succeed him as Twitter CEO and that he will focus on products and technology at the social media firm. Musk said the move would allow him to devote more time to the electric carmaker, but his commitments to other ventures such as a new AI startup remain a worry.
$Alibaba(BABA)$ Alibaba, as the most dominant consumer company in China, is benefiting enormously from the country's re-opening. The current valuation implies most of the business is worthless, providing a large upside and a margin of safety for investors. Chinese leadership needs a strong economy, and Alibaba is at the center of it. The valuation more than compensates investors for the risk of investing in China
$Apple(AAPL)$ Apple in the coming weeks is expected to unveil what is perhaps the most experimental, unconventional product in its history: a so-called mixed-reality headset that resembles a pair of ski goggles and comes with a battery pack, people familiar with the matter say. Apple's launch plans break many of its traditions and rules about new products that have become the industry gold standard. Unlike other Apple products, the device is debuting in a still-experimental mode. Apple predicts slower adoption for the headset compared with the Apple Watch or the iPhone, both of which quickly became consumer must-haves. Taking seven years in development before hitting the market, it will be one of the most complex con