Market Overview - European stocks are expected to open lower, with the U.K.'s FTSE index down 0.5%, Germany's DAX down nearly 1%, France's CAC 40 down 0.8%, and Italy's FTSE MIB also down by a similar amount, reflecting concerns over artificial intelligence and volatility in precious metals [1] - Asia-Pacific markets experienced declines, particularly in South Korea, as investors monitored gold and silver prices following significant drops [2] Precious Metals - Silver prices, which have more than doubled over the past 12 months, fell approximately 30% on Friday, marking the worst one-day performance since 1980, while gold dropped around 9% [3] Cryptocurrency - Bitcoin fell below $80,000 for the first time since April, indicating a shift in investor sentiment as they moved to reduce risk following the declines in precious metals [2][3] Corporate Developments - Nvidia's plans to invest $100 billion into OpenAI have stalled, with executives expressing doubts about the deal, raising questions about the sustainability of the artificial intelligence boom [3] Economic Data - Earnings reports are expected from Julius Baer Group, alongside data releases for German retail sales and Spanish new car sales [4]

Core Viewpoint - Sampo plc has been actively engaging in a share buyback program, acquiring a total of 211,286 shares on 30 January 2026, as part of a broader initiative to repurchase up to EUR 150 million worth of shares, which commenced on 6 November 2025 [1][2]. Group 1: Share Buyback Details - On 30 January 2026, Sampo plc acquired 211,286 A shares at an average price of EUR 9.42 per share across various markets [1]. - The buyback program was announced on 5 November 2025, with a maximum limit of EUR 150 million, in compliance with the Market Abuse Regulation [1]. - The buyback program is authorized by Sampo's Annual General Meeting held on 23 April 2025 [1]. Group 2: Ownership and Market Impact - Following the recent transactions, Sampo plc now owns a total of 15,079,201 A shares, which represents 0.56% of the total number of shares in the company [2]. - The shares were purchased across multiple exchanges, including AQEU, CEUX, TQEX, and XHEL, indicating a diversified approach to the buyback [1].

Core Insights - The market presents significant growth and value investment opportunities, particularly for stocks expected to perform well in 2026 [1] - A selection of stocks is highlighted as potential strong performers over the next few years [2] Company Summaries Taiwan Semiconductor Manufacturing (TSM) - Taiwan Semiconductor Manufacturing reported outstanding Q4 2025 earnings, with management forecasting nearly 30% revenue growth in 2026 [3] - The company anticipates its AI chip revenue will grow at a compound annual rate of nearly 60% from 2024 to 2029 [3] - Current market cap is $1.7 trillion, with a gross margin of 59.02% and a dividend yield of 0.93% [4][5] The Trade Desk (TTD) - The Trade Desk's stock has decreased by 75% from its all-time high, but it still remains a leading ad platform [6] - The company grew revenue by 18% in Q3, with Wall Street analysts projecting 16% growth for 2026 [8] - The current market cap is $15 billion, with a gross margin of 78.81% [7] Nebius (NBIS) - Nebius operates data centers equipped with advanced GPUs for AI workloads, offering a full-stack setup for clients [9] - Management forecasts significant growth, expecting annual revenue to rise from $551 million to between $7 billion and $9 billion by the end of 2026 [10] - The current market cap is $21 billion, with a gross margin of -1312.43% [10]

Core Insights - Xiaomi Corp's SU7 Ultra EV sales have significantly decreased, with only 45 units sold in December 2025, marking a sharp decline from previous months [2] - The cumulative sales of the SU7 Ultra have surpassed the target of 10,000 units set by CEO Lei Jun, despite the recent drop in monthly sales [2] - Sales figures for the SU7 Ultra were relatively stable between 2,000 to 3,000 units from March to August 2025, but began to decline sharply in September, with only 488 units sold that month [2] Company Performance - The SU7 Ultra EV recorded its first-ever profit from EV sales in the third quarter of 2025, indicating a brief period of financial success prior to the sales decline [1] - The drastic drop in sales to under 50 units in December raises concerns about the sustainability of the EV's market performance [1][2] Industry Context - The decline in sales for Xiaomi's SU7 Ultra EV may reflect broader challenges faced by electric vehicle manufacturers in maintaining sales momentum in a competitive market [3]

Core Insights - Electric vehicle maker Polestar has secured a $400 million equity investment from Feathertop Funding Limited, a special purpose entity consolidated by Sumitomo Mitsui Banking Corporation [1] Company Summary - The investment will support Polestar's growth and expansion plans in the electric vehicle market [1] - This funding is part of Polestar's strategy to enhance its production capabilities and accelerate the development of new models [1] Industry Summary - The electric vehicle industry continues to attract significant investments, indicating strong investor confidence in the sector's growth potential [1] - The partnership with Sumitomo Mitsui Banking Corporation highlights the increasing involvement of financial institutions in supporting electric vehicle manufacturers [1]

Group 1 - The article discusses the performance of various high-yield option ETFs and how different portfolio strategies can impact returns significantly [1] - It highlights the effectiveness of combining classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1] - A hybrid investment strategy that balances growth and income is presented as a method to achieve returns on par with the S&P 500 [1]

Wall Street’s apprehension about the cost of developing artificial intelligence technology has been simmering beneath the surface of the stock market for months. Now it’s starting to boil over.Microsoft Corp. reported solid earnings on Wednesday, but investors zeroed in on stagnating growth in its Azure cloud-computing business and the more than $100 billion it’s expected to dole out in capital spending this year. The next day, the stock tumbled 10%, and the selling continued on Friday, wiping out $381 bil ...

Core Viewpoint - CROSSJECT, a specialty pharmaceutical company, has announced the initiation of stock coverage by Portzamparc (BNP Paribas Group) with a "Strong Buy" recommendation and a target price of €4.50 [1]. Company Overview - CROSSJECT is developing emergency medicines utilizing its ZENEO® needle-free auto-injector technology, which allows for easy and instant delivery of drugs [2]. - The company is in advanced regulatory development for ZEPIZURE®, an injectable treatment for epileptic seizures, supported by a $60 million contract with BARDA [2][3]. - Other products in development include solutions for allergic shocks, adrenal insufficiencies, and various emergency indications [2].

Group 1 - The analyst has over a decade of experience researching various companies across different sectors, including commodities like oil, natural gas, gold, and copper, as well as technology firms such as Google and Nokia [1] - The analyst has transitioned from writing a blog to creating a value investing-focused YouTube channel, where extensive research on hundreds of companies has been conducted [1] - The analyst expresses a particular interest in covering metals and mining stocks, while also being comfortable with other industries like consumer discretionary/staples, REITs, and utilities [1]

Core Insights - Swiss bank Julius Baer reported a net profit of 764 million Swiss francs ($988 million) for 2025, which represents a 25% decrease from 2024 but is slightly above the consensus expectation of 679 million francs [1] Financial Performance - The net profit for 2025 was 764 million Swiss francs ($988 million) [1] - This figure indicates a decline of 25% compared to the previous year, 2024 [1] - The reported profit exceeded market expectations, which were set at 679 million francs [1]