During the quarter, licensing revenue increased 56% to $515 million, reflecting deeper relationships and growing interest in AI-optimized systems. Profitability also increased, with adjusted earnings per share (EPS) rising by 30% to $0.39. Beyond the data center, Arm is expanding its AI footprint into edge devices and automotive systems. Strategic collaborations with Meta (META) and Samsung aim to boost AI efficiency across wearables and flagship smartphones, while new platforms such as Lumex CSS provide po ...

Dilok Klaisataporn / Shutterstock.com Quick Read ACWX gained in 2025 as US dollar weakness amplified returns from international stocks for dollar-based investors. The fund holds $7.3B across 2,000 non-US stocks with a 0.32% expense ratio and just 12% in top 10 holdings. IXUS offers nearly identical exposure at 0.07% compared to ACWX’s 0.32% fee. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than e ...

SILICON VALLEY, Calif.--(BUSINESS WIRE)--Payactiv is now officially listed on the SAP® Store for SAP SuccessFactors HCM customers. ...

Diversification is usually a winning investment strategy, and that's proven especially true in 2025 when international stocks largely outperformed U.S. equities. While the S&P 500 is up about 15% this year, stocks in Spain have surged 40%, and South Korea is up 65%.Despite the tariff woes with the U.S., its largest trading partner, Canada’s stock market has doubled the S&P 500’s stock performance this year.And all signs point to this trend continuing, and even strengthening, in 2026.Now, getting exposure to ...

2025年12月17日 国泰君安期货商品研究晨报-贵金属及基本金属 观点与策略 期货研究 商 品 研 究 商 品 研 究 2025 年 12 月 17 日 黄金：失业率上行 白银：高位调整 | 黄金：失业率上行 | 2 | | --- | --- | | 白银：高位调整 | 2 | | 铜：美元承压，支撑价格 | 4 | | 锌：内外盘共振 | 6 | | 铅：缺乏驱动，价格震荡 | 8 | | 锡：供应再出扰动 | 9 | | 铝：横盘震荡 | 11 | | 氧化铝：小幅反弹 | 11 | | 铸造铝合金：跟随电解铝 | 11 | | 铂：向上势头偏强 | 13 | | 钯：连续破位冲击前高 | 13 | | 镍：过剩结构性转向，关注印尼政策风险 | 15 | | 不锈钢：供需双弱运行，钢价低位震荡 | 15 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 刘雨萱 投资咨询从业资格号：Z0020476 liuyuxuan023982@gtjas.com 【基本面跟踪】 贵金属基本面数据 | 贵金属基本面数据 | | | | | | | --- | --- | --- | --- ...

The White House has launched the U.S. Tech Force to recruit around 1,000 engineers to build next-gen government technology. The Tech Force will address a range of administrative challenges at different government organs, and private sector giants, including popular crypto companies like Coinbase (Nasdaq: COIN) and Robinhood Markets (Nasdaq: HOOD), have decided to participate in the program. Related: Trump considers another controversial crypto pardon Founded in 2012, Coinbase is the largest crypto tradi ...

Magellan Asset Management, an investment management company, released the third quarter 2025 investor letter for “Magellan Global Fund”. A copy of the letter can be downloaded here. The fund focuses on outstanding companies at attractive prices and, at the same time, leverages a deep understanding of the macroeconomic landscape to manage risk. As measured by the MSCI World Index in USD, the global equities rose 7.3% in the September quarter. The portfolio underperformed the index in the quarter due strong p ...

Core Insights - SAP SE is a leading global provider of enterprise application software, competing with Oracle and Microsoft in the enterprise software market [1] - Citigroup maintains a "Buy" rating for SAP but has lowered its price target from EUR 295 to EUR 280, reflecting a more conservative outlook [2][6] - The current stock price of SAP is $246.60, showing a slight increase of $0.72 or approximately 0.29% [2][6] Market Performance - SAP's market capitalization is approximately $287.35 billion, with a trading volume of 779,300 shares [3] - Over the past year, SAP's stock has fluctuated between a high of $313.28 and a low of $233.51, indicating significant volatility [3] Product Development - DataXstream LLC's OMS+ Cross-Channel Order Management platform for SAP S/4HANA Cloud Private Edition has received Premium Re-Certification, confirming it meets SAP's highest standards [4] - This achievement highlights SAP's commitment to high standards and innovation in its product offerings, which may influence investor sentiment [5]

Summary of Astera Labs FY Conference Call Company Overview - **Company**: Astera Labs (NasdaqGS: ALAB) - **Date of Conference**: December 11, 2025 Key Industry Insights - **AI Investment Cycle**: The company believes it is in the early stages of a significant AI investment cycle, requiring increased compute power and connectivity to enhance AI systems' efficiency [3][4][5] - **Connectivity Challenges**: Astera Labs is focused on solving connectivity issues among GPUs, CPUs, and XPUs, which are critical for AI applications [6][10] Core Business Developments - **Memory Solutions**: Astera is addressing memory bottlenecks in AI applications through partnerships, particularly with Microsoft, to implement CXL technology for improved memory efficiency [11][12] - **Taurus Growth**: The Taurus segment is expected to be a major growth driver, with a ramp-up in 400 gig and 800 gig solutions anticipated in the upcoming quarters [20][21] - **Aries Platform**: The Aries platform is seeing growth due to the transition from Gen 5 to Gen 6 retimers, with significant demand from hyperscalers [25][26] Financial Performance and Projections - **Gross Margins**: Astera aims for a long-term gross margin model of 70% and operating margins of 40%, with current performance exceeding these targets [95] - **Cash Flow and Investments**: The company is profitable and building a strong balance sheet, with plans for strategic M&A and initiatives rather than immediate returns to investors [96] Competitive Landscape - **CXL and Memory Efficiency**: CXL technology is positioned as a second tier of memory to support larger AI models, with initial deployments in general-purpose computing [12][15] - **Market Positioning**: Astera is confident in its competitive position within the evolving AI landscape, particularly with the introduction of UALink switches expected in 2026 [66][67] Future Outlook - **Optical Technology**: The company sees significant potential in optical technology for scaling up architectures, with expected developments around 2028-2029 [88][89] - **Ecosystem Coexistence**: Astera anticipates a fractured market where multiple protocols (NVLink, PCI Express, UALink, Ethernet) will coexist, allowing for diverse customer needs [72][76] Additional Insights - **Customer Engagement**: Astera is engaged with over 10 customers on the Scorpio X family, indicating strong interest and potential for future growth [36][42] - **Strategic Focus**: The company remains focused on PCI Express and transitioning to UALink, with no immediate plans to enter the Ethernet switching market due to competitive challenges [82][84] This summary encapsulates the key points discussed during the Astera Labs FY Conference, highlighting the company's strategic direction, market positioning, and future growth opportunities.

Core Insights - DataXstream LLC has announced that its OMS+ Cross-Channel Order Management platform for SAP S/4HANA Cloud Private Edition has achieved Premium Re-Certification for SAP Endorsed Apps, confirming compliance with SAP's highest standards [1] Group 1 - The OMS+ platform meets SAP's standards for security, cloud delivery, responsible AI, and clean core aligned architecture [1]