Core Argument - Broadcom Inc. (AVGO) is assigned a Buy rating based on its dual-engine business model, which includes the commercialization of XPUs and the VMware backlog [1] Business Model - The first engine of Broadcom's business model is the accelerating commercialization of XPUs, indicating a strong growth potential in this area [1] - The second engine is the VMware backlog, which suggests a robust pipeline of future revenue opportunities [1]

Core Argument - Broadcom Inc. (AVGO) is assigned a Buy rating based on its dual-engine business model, which includes the commercialization of XPUs and the VMware backlog [1] Business Model - The first engine of Broadcom's business model is the accelerating commercialization of XPUs, indicating a strong growth potential in this area [1] - The second engine is the VMware backlog, which suggests a robust pipeline of future revenue opportunities [1]

Core Viewpoint - A securities class action lawsuit has been filed against Sprouts Farmers Market, Inc. for allegedly misleading investors regarding its growth and stability during a challenging macroeconomic environment [1][2]. Allegations Against Defendants - The lawsuit claims that Sprouts made false or misleading statements about its business performance, including: - Overstating growth and stability despite macroeconomic challenges [2]. - Misrepresenting the resilience of its consumer base, which reportedly reduced spending [2]. - Failing to deliver on growth projections that were deemed overly optimistic [2]. - Overall, the positive statements made by the company lacked a reasonable basis and were materially false [2]. Lead Plaintiff Process - Investors in Sprouts have until January 26, 2026, to apply to be appointed as lead plaintiffs, representing the class in the lawsuit [3]. - The lead plaintiff will direct the litigation and select counsel to represent the class, but participation as a lead plaintiff does not affect the ability to share in any recovery [3]. Law Firm Background - Kessler Topaz Meltzer & Check, LLP is a prominent law firm specializing in securities-fraud class actions and has a history of significant recoveries in securities litigation [4]. - The firm represents both individual and institutional investors and has received numerous accolades for its work in this field [4].

Rakuten Group, Inc., Rakuten Payment, Inc., Uber Japan Co., Ltd., and Uber Eats Japan, Inc. have revealed plans to augment their strategic alliance by incorporating Rakuten ID. This joint venture connects Uber, a prominent mobility and delivery platform in Japan, with Rakuten ID, an essential element of the Rakuten Ecosystem. The objective is to cultivate new value via Rakuten Points, one of Japan’s most substantial loyalty programs.Strategic Partnership and Loyalty Program IntegrationThe Uber Japan mobilit ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Core Insights - Nvidia's strong third-quarter fiscal 2026 earnings have led to a series of analyst upgrades, with a consensus target price of $256.95, representing a potential upside of over 45% from its closing share price on December 16 [1][3]. Demand Visibility - Nvidia has reported an unprecedented order visibility of $500 billion for its Blackwell and Rubin systems from early 2025 to the end of 2026, with approximately $150 billion already shipped [4][7]. - The company has entered partnerships that could further enhance its demand visibility beyond the $500 billion mark, including a collaboration with the Saudi Public Investment Fund's AI company, HUMAIN, to deploy 400,000 to 600,000 GPUs over three years [6][7]. Revenue Potential - Analysts suggest that Nvidia's revenue estimates may be conservative given the strong demand visibility [8]. - The U.S. government's approval for Nvidia to sell advanced H200 chips to China could significantly impact revenue, potentially adding $25 billion to $30 billion annually, as the Chinese market previously contributed 20% to 25% of Nvidia's data center sales [9]. Product Innovation - Nvidia's aggressive product cadence, with GPU architecture refreshes every 12 to 18 months, is accelerating the global silicon replacement cycle [10][11]. - The company plans to launch new GPU architectures, including Rubin in 2026 and Feynman by 2028, which are expected to drive further demand [10]. Supply Chain Management - Nvidia has secured purchase commitments worth $50.3 billion, including long-term contracts for critical components, which helps optimize costs and maintain strong margins [13]. - The company is projected to capture approximately 60% of the global demand for Chip-on-Wafer-on-Substrate (CoWoS) packaging wafers by 2026 [12]. Software Ecosystem - Nvidia has developed a robust software ecosystem around its CUDA stack, which is crucial for building a loyal customer base, with over 5 million developers utilizing the platform [14]. Valuation Metrics - Despite strong growth prospects, Nvidia is trading at 23.1 times forward earnings and a price-to-earnings-to-growth ratio of 0.48, which are considered modest given its revenue visibility and product innovation [16]. - Revenue projections indicate growth from nearly $213 billion in fiscal 2026 to approximately $555.5 billion by fiscal 2031, suggesting significant long-term potential [17]. Market Opportunity - Nvidia anticipates the annual AI infrastructure opportunity to be worth $3 trillion to $4 trillion by 2030, with the potential to capture 20% to 25% of this market, leading to annual revenues between $600 billion and $1 trillion [18].

Join our daily newsletter At The Bell to receive exclusive market insightsGood afternoon, and welcome to Wednesday’s Market Close. Not long ’til the Christmas holidays now, though JD has snuck in some leave a week early, so I’ll be taking you through Closes as well as my Opens until January.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.Honestly, not the most interesting trading day I could’ve jumped in ...

Core Insights - OpenAI is in discussions with Amazon for a potential investment exceeding $10 billion, which would involve the use of Amazon's AI chips [2] - The talks follow OpenAI's restructuring in October and its partnership with Microsoft, allowing more freedom to raise capital and collaborate with other companies in the AI sector [2][3] - Microsoft has invested over $13 billion in OpenAI since 2019 but no longer has a first refusal right for being OpenAI's compute provider, enabling OpenAI to work with third parties [3] Investment Landscape - Amazon has previously invested at least $8 billion in AI rival Anthropic and is looking to increase its presence in the generative AI market [4] - Microsoft announced a plan to invest up to $5 billion in Anthropic, while Nvidia is set to invest up to $10 billion in the same startup [4] AI Infrastructure Development - Amazon Web Services (AWS) has been developing its own AI chips since 2015, with its Inferentia and Trainium chips becoming essential for AI companies [5] - OpenAI has made over $1.4 trillion in infrastructure commitments recently, including a $38 billion capacity purchase from AWS, marking its first contract with a leading cloud infrastructure provider [6] - OpenAI also completed a secondary share sale totaling $6.6 billion, allowing employees to sell stock at a valuation of $500 billion [6]

Markets opened marginally higher on Wednesday, attempting a recovery after sharp losses in the previous session, as benchmark indices traded in a narrow range amid mixed global cues and persistent foreign institutional investor outflows. The BSE Sensex, which closed at ₹84,679.86 on Tuesday, opened at ₹84,856.26 and was trading at ₹84,685.74, up 5.88 points or 0.01 per cent at 9.55 a.m. The NSE Nifty 50, which closed at 25,860.10, opened at 25,902.40 and was trading at 25,868.55, up 8.45 points or 0.03 per ...

Core Insights - OpenAI is in early-stage discussions to raise at least $10 billion from Amazon.com Inc., which could strengthen the relationship between OpenAI and Amazon, the largest cloud-computing provider in the world [1] Group 1 - The potential investment from Amazon could significantly deepen ties between OpenAI and Amazon's cloud services [1] - This funding round is expected to enhance OpenAI's capabilities and resources in artificial intelligence [1] - The discussions indicate a growing interest from major tech companies in investing in AI technologies [1]