By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Chip Stocks Plunge as DeepSeek Develops Its Own AI Chip, Nasdaq Drops 1%
Chip stocks sank after Reuters reported China's AI startup DeepSeek is working on its own AI chip. The Nasdaq fell more than 1% and the Phil
Momenta Prices Hong Kong IPO at Top, Raises HK$5.89 Billion for AI R&D
Momenta Global priced its Hong Kong IPO at the top of its range, raising HK$5.89 billion. The company plans to invest about 60% of the proce
Georg Fischer Sells Foundry Unit for 220M Francs; Givaudan Buys Stake in Microcaps
Swiss stocks were little changed as industrial group Georg Fischer sold its aerospace foundry unit for 220 million francs, and fragrances ma
UK House Prices Rise 0.2% in June as Shell's Gas Outlook Lifts FTSE 100
Lloyds data shows UK house prices rose 0.2% in June, suggesting the market may be steadying as mortgage rates ease. Meanwhile, Shell climbed
Starlink Seen as Bigger Threat to Cable Broadband Than Wireless, Morgan Stanley Says
Morgan Stanley slashed price targets for Comcast, Charter, and major wireless carriers, but says Starlink's growth will hit cable broadband
European ADRs Slip as Nokia and Opera Decline, Natuzzi and DBV Technologies Gain
European stocks traded in the US as ADRs slipped 0.35% late Tuesday morning. Nokia and Opera declined, while Natuzzi and DBV Technologies po
S&P Global Restructures Reporting Segments Ahead of Mobility Spinoff; RBC Sees Limited Margin Impact
S&P Global is reorganizing its business reporting segments ahead of its planned Mobility spinoff. RBC Capital Markets says the changes shoul
Asia ADRs Slip 1.55% as Trident Digital Surges 50% and 111 Drops 11%
US-listed shares of Asian companies mostly fell Tuesday, dragging the S&P Asia 50 ADR Index down 1.55% to 2,883.19. Trident Digital Tech sur
Amazon Taps Bond Market for $25 Billion to Fuel AI Infrastructure Build-Out
Amazon is raising at least $25 billion through an eight-part bond sale to finance its AI infrastructure expansion. The move lets the tech gi
Oil Price Bounce on Strait of Hormuz Tensions Lifts Canadian Futures Ahead of Fed Minutes
Canadian stock index futures edged higher Tuesday as oil prices bounced on renewed shipping-risk jitters near the Strait of Hormuz. Traders
Onsemi Sells Two Chip Fabs, Targets $35 Million in Annual Savings
Onsemi is selling two chipmaking facilities as part of its cost-cutting strategy. The deals are expected to close over the next few months a
Dundee Commences C$85M Earn-In Drill Program at Westhaven's Spences Bridge Gold Project
Dundee has begun a 15,000-meter drill program at Westhaven Gold's Spences Bridge properties in British Columbia. The deal allows Dundee to e