Albert Edwards, the Global Strategist at Société Générale, has raised a red flag on the current state of the U.S. equity market. He believes that the market, largely driven by tech and AI, is in the throes of a dangerous bubble that could have dire consequences.Market Growth Masks Deeper RisksEdwards, known for his bearish outlook, drew parallels between the current market situation and the dot-com bubble of the late 1990s. In an interview with Fortune, he pointed to the soaring valuations of tech companies ...

Core Insights - Nvidia reported third-quarter revenue of $57 billion, reflecting a 62% year-on-year increase [2] - The company is heavily reliant on TSMC for its advanced chips, which poses significant geopolitical risks [5][8] Company Dependency - Nvidia's valuation reached $4.3 trillion, with its key products (H100, H200, Blackwell) dependent on TSMC's facilities in Taiwan [3] - Over 90% of the world's advanced chips are produced in Taiwan, making Nvidia's supply chain vulnerable to geopolitical tensions [4][5] Geopolitical Risks - Tensions in the Taiwan Strait have escalated, with increased military exercises and diplomatic pressure in 2025 [8] - A limited blockade by China could halt TSMC exports, disrupting over 90% of leading-edge chip production globally [8][9] Supply Chain Vulnerability - Nvidia sources 100% of its top-tier GPUs from TSMC, with no alternative sources for advanced production until at least 2027 [7] - The sophisticated packaging required for Nvidia's GPUs is also concentrated in Taiwan, further increasing dependency [7] Market Impact - A disruption lasting six months could halve Nvidia's projected revenue of $300 billion, leading to a $75 billion decrease in earnings [14] - Nvidia shares currently trade at around 43x forward earnings, which could compress significantly in the event of supply chain disruptions [11] Potential Beneficiaries - Companies like Intel and Samsung may benefit from a global re-shoring trend, as every viable fab becomes crucial [15] - ASML and Applied Materials, key suppliers in chip fabrication, will also gain regardless of location due to increased demand for fabrication tools [15]

Last Updated: 41 min ago Bitcoin Stays Under Pressure After Recent Selloff LIVE S&P 500 Set to Open Up as Market Bets on Fed Rate Cuts Customer Center By Renae Dyer, Dow Jones Newswires Bitcoin remained under pressure after the cryptocurrency hit a seven-month low on Friday. The selloff reflects a combination of broader risk aversion and recent comments from Federal Reserve officials raising doubts over another interest-rate cut in December, Deutsche Bank analysts said in a note. It also reflects stalled re ...

Core Insights - Actor Rob Lowe has successfully sold his Beverly Hills estate after more than a year on the market, but at a significantly reduced price compared to his original asking price [1] Group 1 - The property was listed for sale for over a year before it was finally sold [1] - The sale price reflects a substantial reduction from the initial asking price, indicating a shift in market conditions or buyer interest [1]

Core Insights - The European Commission has approved a €450 million ($518 million) subsidy for onsemi to establish a silicon carbide (SiC) semiconductor fabrication facility in Czechia, part of a larger €1.64 billion investment [1][4][5] - The new plant in Rožnov pod Radhoštěm will be the first integrated SiC device manufacturing site in the EU, handling all stages of production from crystal growth to finished semiconductors [2][3] - The project aims to strengthen the EU's semiconductor value chain and reduce reliance on non-European supply sources, with public funding deemed necessary for the investment to proceed [4][5] Company Developments - onsemi's existing operations in Czechia include silicon crystal growth and wafer manufacturing, and the new facility will enhance these capabilities with vertically integrated SiC production [3] - The facility will focus on producing SiC power devices, which are essential for applications in electric vehicles, renewable energy systems, and industrial power electronics [3][6] - The company has committed to ensuring a broader impact on the EU semiconductor ecosystem and will contribute to the development of next-generation 200 mm SiC technology [6][7] Industry Implications - The project is expected to improve the resilience of manufacturing industries in the EU and reduce external dependency on semiconductor supplies [6] - The chips produced at the new plant are crucial for green technologies, supporting Europe's energy transition and green initiatives [6] - onsemi will prioritize orders during supply shortages as specified in the European Chips Act, indicating a commitment to the EU semiconductor strategy [7]

Bayer shares surged on Monday after the company reported encouraging late-stage clinical trial results for its experimental cardiovascular drug asundexian, offering a rare boost for a pharmaceutical division that has struggled with setbacks and mounting litigation costs. The stock rose more than 9% and traded at €30.30—its highest level in over a week. ...

Core Viewpoint - Ooma, Inc. has signed a definitive agreement to acquire Phone.com for approximately $23.2 million in cash, aiming to enhance its position in the small and medium-sized business (SMB) communications market [1][3][7] Acquisition Details - The acquisition is expected to close in the fourth quarter of Ooma's fiscal year 2026, pending regulatory approvals and customary closing conditions [3][4] - Phone.com is projected to generate annual revenues of $22-$23 million and adjusted EBITDA of $1.0-$1.5 million based on current run rates [4][7] - The cash purchase price reflects an approximate 1.0x revenue multiple based on Phone.com's current run rate [7] Strategic Implications - This acquisition is part of Ooma's strategy to extend its leadership in serving SMB customers and is expected to add approximately 87,000 business users [6][7] - Ooma plans to finance the acquisition through a combination of cash on hand and bank debt [4][7] - The integration of Phone.com is anticipated to create synergies and enhance Ooma's overall business value [6][7] Company Background - Phone.com, founded in 2006, serves approximately 36,000 customers and 87,000 users across North America, focusing on cloud communications for SMBs [5][6] - Ooma provides a range of communication services, including Ooma Office, which is designed for small to medium-sized businesses [11]

Investors are warming up to exchange-traded funds, so much so that many fundholders say they’re on the way to portfolios 100% loaded with ETFs. That’s the takeaway from a new Schwab Asset Management study that concludes 62% of ETF investors “envision putting their entire investment portfolios into ETFs, with 50% saying they could be fully invested in ETFs in the next five years.” That could be a leading-edge issue on the consumer investment front, as 66% of ETF investors included in Schwab Asset Manageme ...

XIAMEN, China, Nov. 24, 2025 /PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a consumer-oriented technology company in China, today announced its unaudited financial results for the quarter ended September 30, 2025. Accessibility StatementSkip Navigation Third Quarter 2025 Financial Highlights: We continued to execute our business transition, with the winding down of our last-mile delivery business to its final stage while maintaining a healthy balance sheet by pursuing efficient ...

Core Insights - Amazon's cloud business, particularly AWS's Bedrock service, is facing significant capacity constraints that have led to lost revenue opportunities and customer migration to competitors like Google Cloud [2][3][5] Capacity Constraints - Bedrock has encountered "critical capacity constraints," resulting in customers like Epic Games and Vitol considering alternatives, leading to tens of millions in lost or delayed revenue [2][3][4] - The capacity issues have affected various industries, including finance, gaming, and tech, with companies like HelloFresh and Ryanair also impacted [12][13] Revenue Impact - The document revealed that delays in quota approvals have led to at least $52.6 million in projected sales being postponed, with specific projects like Epic Games' $10 million Fortnite project being shifted to Google Cloud [3][4] Infrastructure Expansion - Amazon CEO Andy Jassy emphasized the urgent need to ramp up cloud infrastructure, particularly for AI, stating that AWS has added over 3.8 gigawatts of power in the past year and plans to double its capacity again by 2027 [9][10] Customer Migration - Customers are migrating workloads away from Bedrock due to latency and feature parity issues, with companies like Thomson Reuters and Figma opting for Google Cloud or Anthropic's own platform [16][17] - Financial startup TainAI shifted 40% of its workloads from Bedrock to Google's Gemini Flash, saving $85,000 daily, highlighting the competitive pressure AWS faces [21] Competitive Landscape - Bedrock is losing ground to Google's Gemini models, which offer larger quota limits and better performance, raising concerns about AWS's cohesive product vision for AI inference [19][20][21] - The document warns that without a clear strategy, AWS risks missing out on lucrative opportunities in the AI market [22]