Kevin Smith

Expedia penalized, despite beating quarterly expectations

Expedia Group shares fell approximately 5% in after-hours trading, despite reporting quarterly results that exceeded expectations. The online travel group posted Q1 revenue of $3.43bn, up 15% y-o-y, compared to a consensus near $3.35bn. Adjusted EPS reached $1.96, significantly above the $1.41 expected by the market.

May 07, 2026 at 11:56 pm

Zoetis Plunges on Earnings Miss and Lowered Guidance

Zoetis shares tumbled on Wall Street following a quarterly release that calls into question the resilience of its historical growth engine. The stock plummeted 20%, marking the steepest decline in the S&P 500, and bringing its YTD losses to approximately 30% and 40% over the past twelve months.

May 07, 2026 at 11:52 pm

Goldman Sachs and McKinsey bring the AI boom back to its physical constraints

As tech giants ramp up their AI spending announcements, Goldman Sachs warns that the trend involves more than just purchasing chips or building new servers. In its baseline scenario, the bank estimates that AI infrastructure could require approximately $765bn in spending by 2026, rising to $1,600bn by 2031, representing nearly $7,600bn in cumulative investment between 2026 and 2031 across computing, datacenters, and energy.

May 07, 2026 at 11:48 pm

Goldman Sachs and McKinsey bring the AI boom back to its physical constraints

As tech giants ramp up their AI spending announcements, Goldman Sachs reminds investors that the challenge extends far beyond purchasing more chips or building new servers. In its baseline scenario, the bank estimates that AI infrastructure could require approximately $765bn in spending by 2026, rising to $1,600bn by 2031, representing nearly $7,600bn in cumulative investment between 2026 and 2031 across computing, data centers and energy.

May 07, 2026 at 11:44 pm

AppLovin slips despite earnings beat

AppLovin posted quarterly results that topped expectations, although this failed to reverse the pressure on its stock, which fell about 2% in after-hours trading on Wednesday. The group generated Q1 revenue of $1.84bn, up 59% y-o-y and up 11% sequentially, beating the consensus of $1.77bn. Diluted EPS reached $3.56, ahead of the $3.444 anticipated, while adjusted EBITDA rose to $1.56bn, representing an 85% margin and confirming the high profitability of its advertising engine.

May 07, 2026 at 05:41 pm

Campari disappoints but still top of the class

In a spirits sector that remains jittery, and which some fear is evolving along the same lines as big tobacco, news is currently being met with a certain sense of drama.

May 07, 2026 at 03:25 pm

Market Miscellany: AI continues to fuel market euphoria… but not for employees

While Wall Street celebrates artificial intelligence and robust corporate earnings, the US economy is sending more mixed signals. In the tech sector, layoffs are piling up, despite the AI-driven frenzy.

May 07, 2026 at 02:59 pm

Lufthansa still flying through turbulent zones

Airlines are facing cut-throat competition, extreme capital intensity and recurring conflicts, coupled with a frequently heavily unionized workforce.

May 07, 2026 at 01:05 pm

Bank of America data points to a stronger, but more unequal, US economy

Internal data from Bank of America shows a US economy that remains resilient, driven by employment and high incomes, yet weakened by gasoline prices and credit constraints.

May 06, 2026 at 11:56 pm

Marex slides despite record quarter as volatility outlook weighs

Marex, the global financial platform specializing in market access, clearing, market making, and hedging solutions, posted Q1 results that beat expectations. The Nasdaq-listed group reported revenue of $692.3m, up 48% y-o-y, surpassing the consensus of $682.7m. Adjusted EPS reached $1.57, ahead of the $1.38 anticipated.

May 06, 2026 at 11:52 pm

TrendForce raises 2026 capex forecasts for cloud giants to $830bn

As AI-related computing requirements continue to outpace initial projections, TrendForce now estimates that the world's nine leading cloud service providers are set to invest approximately $830bn in 2026. This forecast implies a 79% annual increase, up from a previous estimate of 61%, representing an 11% upward revision of the expected 2026 budget based on reported growth rates.

May 06, 2026 at 09:21 pm

Why investors love companies they do not understand

The harder a company is to understand, the more room it leaves for the imagination. Artificial intelligence, biotechnology, semiconductors, cybersecurity, quantum computing: markets love sectors where narratives can outpace income statements. Ambiguity thus becomes a financial asset. As long as the story is compelling, investors are willing to pay today for profits that might arrive tomorrow. Or indeed, not.

May 06, 2026 at 05:55 pm

Infineon: The Other Winner in AI

While market attention is monopolized by American artificial intelligence giants, Infineon Technologies continues a more discreet trajectory.

May 06, 2026 at 02:22 pm

Logitech continues to surprise

Operating in a challenging and extremely competitive sector, coupled with dominance from low-cost Asian manufacturers, the Swiss-listed, California-based computer peripherals specialist has long stood out thanks to its elite management.

May 06, 2026 at 02:03 pm

TotalEnergies' Windfall Profits: While Critics May Lack the Right Answers, At Least They're Asking the Right Questions

As with every energy crisis, the French energy group is drawing fire from a segment of the political establishment.

May 06, 2026 at 10:41 am

Infineon raises annual guidance, driven by AI demand

The German semiconductor manufacturer has reported higher quarterly results and raised its targets for 2026. The company is benefiting from the boom in AI-dedicated data centers, while its automotive order intake is showing signs of improvements.

May 06, 2026 at 10:14 am

OpenAI accelerates ChatGPT ad monetization

OpenAI has reached a new milestone in monetizing ChatGPT by announcing new ways to purchase and manage advertising campaigns on its conversational assistant. The group now lets advertisers to go through partners such as Dentsu, Omnicom, Publicis, WPP, Adobe, Criteo and StackAdapt, while progressively rolling out a beta version of Ads Manager in the US for direct ad purchases within ChatGPT.

May 06, 2026 at 07:46 am

Arista Networks down despite earnings beat

Arista Networks shares tumbled approximately 10% in after-hours trading on Wall Street yesterday, following a cautious guidance outlook, despite quarterly results that exceeded expectations. The specialist in networking equipment for data centers, cloud and artificial intelligence reported Q1 2026 revenue of $2.71bn, up 35.1% y-o-y and up 8.9% sequentially. The consensus anticipated about $2.62bn.

May 06, 2026 at 07:39 am

MPLX gains despite missing earnings estimates

MPLX LP shares rose 1.4% on Wall Street Tuesday following the release of Q1 results, despite reporting figures that fell short of expectations across key performance metrics.

May 05, 2026 at 10:44 pm

Goldman Sachs Sees European Electrification Driving a New Investment Cycle

Goldman Sachs believes that renewed energy tensions, fueled by the war in Iran and disruptions to oil and gas flows through the Strait of Hormuz, could accelerate Europe's shift toward electricity.

May 05, 2026 at 10:39 pm

What the oil futures curve is currently telling us

Spot prices, or front-month contracts, are generally the most closely watched by investors, although they are insufficient to understand market projections over time. To read trader expectations, one must look at the futures curve, i.e. the prices negotiated today for future delivery.

May 05, 2026 at 05:24 pm