Barclays strategists have boosted their S&P 500 year-end 2026 target to 7,400, anticipating an 11.4% rise driven by megacap tech strength and a supportive monetary and fiscal outlook. They foresee faster tech earnings growth, though acknowledge potential headwinds for other sectors due to inflation and unemployment.Read More
Lenovo reported a 5% decline in its second-quarter profit, even as revenue rose to $20.5 billion, slightly above market expectations. Net profit came in at $340 million, missing analyst estimates.Read More
Excelsoft Technologies’ Rs 500-crore IPO is seeing strong investor interest, with retail and non-institutional segments oversubscribed on Day 1. The grey market premium suggests a potential listing gain. The company, a global learning and assessment SaaS provider, is raising funds for expansion. Despite robust financials, the IPO is considered aggressively priced, leading to a neutral...Read More
Vikram Solar’s three-month shareholder lock-in ends today, making 93 lakh shares worth Rs 275.7 crore eligible for trade. The newly listed firm, which debuted at Rs 340, is expanding aggressively across modules, cells and BESS, and recently posted sharp profit growth, though the stock remains 27% below its post-listing high.Read More
Shaadi, a leading Indian marriage matchmaking service, is gearing up for its initial public offering. The Mumbai-based company is in early-stage discussions with investment bankers about a potential listing. This move comes as India’s IPO market remains robust, with companies actively pursuing public offerings. Details regarding valuation and timing are still under consideration.Read More
The results calmed – at least temporarily – investor nerves frayed over concerns that an AI boom has outrun fundamentals. Global markets have looked to the chip designer to determine whether investing billions of dollars in AI infrastructure expansion has resulted in an AI bubble.Read More
On Wednesday, Nvidia provided a reminder of just how much the world craves those chips. The company said that in its most recent quarter, its profit was $31.9 billion, up 65% from a year ago and 245% from the year before that. Among the tech industry’s giants, only Google’s parent company, Alphabet, made more money...Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
