Hong Kong’s technology infrastructure is undergoing a major transformation as local government and businesses replace Western products with domestic alternatives, driven by closer integration with mainland China and rising geopolitical risks, according to tech experts. US tech giants like Microsoft have long “served as the bedrock of Hong Kong’s digital landscape”, but that dominance is…
Amazon has been a longtime stock market leader. While I’d still consider it to be one, there are other companies growing much faster that are nipping at its heels and could overtake Amazon in terms of market cap over the next three years. The candidates? Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor (NYSE: TSM). Both of these…
China has reportedly banned several American and Israeli cybersecurity firms, including VMware, Palo Alto Networks, and Fortinet, citing national security concerns. Beijing fears the software could transmit confidential data abroad, aligning with its broader push to replace Western technology with domestic alternatives amid escalating US-China tech tensions. China has reportedly banned several American and Israeli…
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 3.3% in the morning session after a broader pullback sparked by reports that China banned its major tech firms from buying U.S. artificial intelligence chips. The negative sentiment weighed heavily on the Nasdaq, with the news first hitting chipmaker Nvidia and then rippling out to…
The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Melius Research upgraded GE Vernova (GEV) to Buy from Hold with a $740 price target. The firm sees upside to…
Bullish sentiment towards stocks is rampant in the US, as one Wall Street strategist after another raises their target for an S&P 500 Index that is repeatedly setting records. Yet as optimism about further gains has solidified into something resembling a consensus, even the most bullish are clear-eyed about a growing list of issues that…
By Noel Randewich and Lewis Krauskopf (Reuters) -Wall Street’s “AI trade” has propelled the market to record highs this year, and Oracle’s stunning share-price gains are giving investors another reason to back the trade. Oracle shares jumped 36% on Wednesday after the company pointed to a demand surge from AI firms for its cloud services….
Aug 31, 2025 Markets face a critical four-day trading week following Friday’s volatility in technology stocks, which saw AI-related shares retreat despite the S&P 500 ($SPX) reaching new highs earlier in the week. According to a Yahoo Finance report, the selloff was triggered by concerns over China’s semiconductor ambitions, particularly reports that Alibaba is developing…
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 4.2% in the morning session after stocks in the semiconductor sector pulled back, driven by underwhelming news from key industry peers. The decline appears linked to investor reaction to AI-chip leader Nvidia’s recent earnings report, which, despite a positive forecast, failed to exceed Wall Street’s…
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 3.1% in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market’s largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the “AI trade,” which…