{
}
Huawei's new semiconductor, the Ascend 910C, reportedly achieves 60-80% of NVIDIA's H100 performance at a significantly lower cost, challenging the dominance of U.S. tech giants. Meanwhile, U.S. export controls aim to limit China's access to advanced AI chips, as companies like DeepSeek disrupt the market with competitive, lower-cost alternatives. The ongoing race for AI supremacy highlights the shifting dynamics in global technology, with both U.S. and Chinese firms vying for leadership.
Wall Street analysts express concern for Elon Musk as Slate Auto launches an affordable electric truck starting at $25,000, potentially undermining Tesla's market position. With Tesla's stock down over 27% and challenges in selling the Cybertruck, experts warn Musk may need to act quickly to regain consumer interest amid increasing competition from other EV manufacturers.
Southeast Asia's startup ecosystem is recalibrating as it faces a cooling phase after a decade of growth, with a focus on overcoming challenges and exploring new opportunities. Notably, Bukalapak's pivot from physical goods to virtual products has led to a remarkable turnaround, with Q1 2025 revenue rising 37% year on year to US$90 million and a net profit of US$7 million. Meanwhile, Grab's financial health remains strong, with a projected 3% increase in adjusted earnings for 2025, despite macroeconomic concerns.
At the WAVES 2025 summit in Goa, Shraddha Kapoor and Instagram Head Adam Mosseri discussed India's pivotal role in the digital revolution, emphasizing its mobile-first approach and diverse creator ecosystem. Kapoor highlighted the significance of multilingual content and cultural inclusivity, while sharing Maharashtra's culinary heritage by offering Mosseri homemade puran poli, symbolizing the blend of tradition and digital interaction.
Chinese investors continue to accumulate gold despite a recent price correction, with buying interest expected around $3190. Meanwhile, the USD/JPY has strengthened following the Bank of Japan's decision to maintain interest rates at 0.5%, while the Fed and BoE prepare for key rate decisions amid mixed economic signals. The Hang Seng Index rose 2.4% on optimism from China's economic support measures, despite a contraction in US GDP.
Warren Buffett's "Buffett Indicator," which compares the total value of U.S. publicly traded companies to the country's GDP, signals that equities may be attractively priced at around 180%. This level, reminiscent of past market bubbles, comes as the S&P 500 has rebounded 12% from April lows, despite ongoing concerns about global trade tensions. Traders are keenly observing Berkshire Hathaway's upcoming annual meeting for potential insights into Buffett's investment strategies amid a recovering market.
Berkshire Hathaway's annual shareholders' meeting is set for May 3, 2025, where Warren Buffett will discuss Q1 earnings and address shareholder questions. Key topics include expected earnings per share, updates on major stock holdings, cash reserves, succession plans, and investment strategies amid market volatility. The event will be broadcast live on CNBC.
Google has lifted a seven-year ad restriction on IG France, resulting in doubled monthly visibility and account openings. Meanwhile, Costas Cleanthous, co-founder of XM, is acquiring a 55% stake in Ancoria Bank in Cyprus, while brokers are moving away from Discord due to compliance challenges. In financial reports, Plus500 and CFI Financial Group showed strong performance, while XTB faced a decline in net profit despite a growing client base.
Brokers and prop firms are shifting away from Discord due to compliance challenges, with many realizing they lack essential client data. Meanwhile, Google has lifted ad restrictions on IG France, resulting in doubled visibility and account openings. In Cyprus, XM's co-founder is acquiring a 55% stake in Ancoria Bank, while UPS plans to cut Amazon shipments by over 50% and Kohl’s has fired CEO Ashley Buchanan for unethical vendor relationships, causing a stock surge.
UBS analyst Stephen Ju has reiterated a "Buy" rating for Amazon (AMZN) while adjusting the price target from $253.00 to $249.00, reflecting a 1.58% decrease. Despite this revision, the maintained rating suggests confidence in Amazon's future potential.The average price target from 67 analysts stands at $244.34, indicating a potential upside of 28.62% from the current price of $189.98. Additionally, the consensus recommendation from 73 brokerage firms is 1.8, suggesting an "Outperform" status for the stock.
Amazon.com, Inc.
Companies
| Symbol | AMZN |
| Name | Amazon.com, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Retailing |
| Industry | Internet & Direct Marketing Retail |
| Market | NASDAQ Global Select |
| Country | United States |
| State | WA |
| City | Seattle |
| Zipcode | 98109-5210 |
| Website | http://www.amazon.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
US Export Controls Tighten on AI Chips Amidst Huawei and Nvidia Rivalry
NVIDIA Corporation
Amazon.com, Inc.
Huawei Technologies CO. Ltd.
DeepSeek R1 USD
Alibaba Group Holding Limited
Tencent Holdings Limited
USA
CHN
SAU
ARE
Donald Trump
Jensen Huang
Ren Zhengfei
Liu Zhongmin
Show more
08:37 10.06.2025
rival startup launches affordable electric truck challenging tesla's market dominance
United States Dollar
Hyundai Mobis Co.,Ltd
Rivian Automotive, Inc.
Tesla, Inc.
Amazon.com, Inc.
USA
Elon Musk
Jeff Bezos
Show more
12:45 05.05.2025
grab's financial growth continues amid market uncertainties and evolving ride-hailing landscape
United States Dollar
Amazon.com, Inc.
Apple Inc.
Grab2Go AS
Google Inc.
General Motors Co
Walmart Inc.
VNM
MYS
USA
IND
SGP
IDN
Samreen Hussain
Albinder Dhindsa
Show more
09:00 05.05.2025
shraddha kapoor and adam mosseri discuss india's digital leadership at waves 2025
SoftBank Corp.
Alphabet Inc.
Microsoft Corporation
Amazon.com, Inc.
Oracle Power plc
Metagenomi, Inc.
CHN
IND
Shraddha Kapoor
Adam Mosseri
Show more
07:58 05.05.2025
trade tensions ease as key central banks prepare for rate decisions
United States Dollar
Japanese Yen
Chinese Yuan
British Pound Sterling
Microsoft Corporation
Advanced Micro Devices, Inc.
Apple Inc.
Coinbase Global, Inc.
The Walt Disney Co
Amazon.com, Inc.
Metagenomi, Inc.
CHN
USA
JPN
GBR
Howard Lutnick
Show more
03:16 05.05.2025
buffett indicator signals potential buying opportunity as us stocks rebound
Apple Inc.
Microsoft Corporation
Meta Platforms Inc
Amazon.com, Inc.
JPN
USA
Warren Buffett
Donald Trump
Adam Sarhan
Show more
14:02 03.05.2025
Berkshire Hathaway annual meeting highlights key insights from Warren Buffett
United States Dollar
Visa Inc.
American Express Co
Coca-Cola FEMSA, S.A.B. de C.V.
Amazon.com, Inc.
Apple Inc.
Citigroup Inc.
Bank of America Corporation
USA
Warren Buffett
Ajit Jain
Greg Abel
Show more
10:04 03.05.2025
financial updates google lifts ad ban ups cuts ties with amazon
Polish Złoty
British Pound Sterling
Plus500 Ltd.
Amazon.com, Inc.
Kohl's Corp
XTB S.A.
Ancoria Bank Ltd.
IG Group Holdings plc
Desmond Leong
Charalambos Panayiotou
Ashley Buchanan
Costas Cleanthous
Ambroise Lion
Show more
06:00 03.05.2025
brokers shift from discord as compliance challenges rise in trading community
Polish Złoty
British Pound Sterling
Euro
United States Dollar
Plus500 Ltd.
Amazon.com, Inc.
Kohl's Corp
XTB S.A.
Ancoria Bank Ltd.
IG Group Holdings plc
GBR
Desmond Leong
Charalambos Panayiotou
Ashley Buchanan
Costas Cleanthous
Ambroise Lion
Show more
06:00 03.05.2025
ubs maintains buy rating for amazon despite slight price target reduction
00:32 03.05.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: