By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Poste Italiane's €13 Billion TIM Bid Wins Board Backing, Aims to Build National Cloud
Telecom Italia's board has backed Poste Italiane's €13 billion takeover bid. The state-backed group aims to transform TIM into a digital and
DeepSeek Eyes $7 Billion Fundraise at $70 Billion Valuation Ahead of Shanghai IPO
DeepSeek, a Hangzhou-based AI startup, is reportedly weighing a new fundraise of up to 50 billion yuan at a valuation of about 500 billion y
S&P 500 Drops 1.6% as Tech Selloff Raises Doubts on AI Rally
The S&P 500 slid 1.6% last week as a selloff in tech stocks raised questions about the sustainability of the AI-driven rally. Applied Materi
Chip Stocks Slide 17% as Middle East Tensions Override Cooling Inflation
Chip stocks tumbled despite cooler inflation, with the VanEck Semiconductor ETF dropping 17% from its June 22nd high. Middle East tensions a
Netflix Revenue Miss and Reduced Disclosure Hit Stock, Weigh on Consumer ETFs
Netflix shares dropped 7.4% after the streamer missed Q2 revenue forecasts and said it will stop publishing its semi-annual engagement repor
Bright Horizons May Raise EPS Outlook on Backup Care Growth and Buybacks
UBS forecasts 19% Q2 Backup Care revenue growth for Bright Horizons, plus about $175 million in share buybacks. The combination could lead t
AI Trade Cools: Chip Stocks Slide, Nasdaq Drops 1.19% as Selloff Spreads
Chip stocks led a broad market selloff, pushing the Nasdaq down 1.19%. The Philadelphia Semiconductor Index fell 1% and is down about 17% in
ACI Worldwide Explores Sale of Billing Unit in Potential $1.5 Billion Deal
ACI Worldwide is weighing a sale of its billing unit, which could fetch about $1.5 billion, according to Reuters. The move would sharpen the
AI Chip Stocks Tumble as Leveraged Bets Unwind, Index Down 9% This Week
AI chip stocks hit a speed bump in July, with the Philadelphia SE Semiconductor Index down 9% this week. The pullback, driven by profit-taki
China's Xi Unveils Global AI Alliance as Beijing Pushes Open Models to Counter US Dominance
President Xi Jinping made his first appearance at China's flagship AI conference, unveiling a new global cooperation body. Chinese AI models
US Chip Stocks Plunge Into Bear Market Territory as AI Darlings Suffer Steep Losses
US chip stocks just suffered one of their worst weeks in more than a year, with the Philadelphia Semiconductor index down 10% and briefly en
European Stocks Slip as Tech Selloff Deepens, Oil Prices Rise Ahead of ECB Meeting
European stocks slipped Friday as tech shares sold off again and rising oil prices kept investors cautious. The STOXX 600 fell 0.34% ahead o