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Huawei Technologies Co. reported its first quarterly net loss in years, posting a loss of approximately 300 million yuan for the December quarter, despite a 9.5% rise in revenue to about 276 billion yuan. The company invested heavily in R&D, spending 179.7 billion yuan, driven by US sanctions and a focus on future-oriented projects, including advancements in chipmaking and AI. Overall, Huawei's net profit for the year fell 28% to 62.6 billion yuan, with significant contributions from its ICT infrastructure and consumer products.
Huawei Technologies Co reported its first quarterly net loss in years, posting a deficit of about 300 million yuan despite a 9.5% revenue increase to approximately 276 billion yuan. The loss is attributed to heavy investments in research and development, particularly in electric vehicles and chips, amid ongoing US sanctions. While the consumer business grew 38% and the smart driving solutions became profitable, the company faces challenges as the US pressures European carriers to limit business with Huawei.
CoreWeave Inc. made its public debut with an IPO, as CEO Michael Intrator defended the company's client concentration due to significant deals with Microsoft, highlighting long-term growth potential. In a major acquisition, Elon Musk's xAI purchased social media platform X for $33 billion, creating a combined entity valued at $80 billion. Microsoft's CEO Satya Nadella urged his team to accelerate innovation in response to China's DeepSeek, while Huawei has reportedly doubled its AI chip yields despite US sanctions, positioning itself as a formidable tech player. Additionally, Google introduced Gemini 2.5 Pro, its most advanced AI model, capable of thoughtful responses to complex queries.
Intel is revamping its chip design and foundry strategy under new CEO Lip-Bu Tan, aiming to attract major clients like Nvidia and Broadcom. The company is advancing its 18A manufacturing process and enhancing packaging innovations to compete with TSMC. Tan's leadership has already boosted Intel's stock by approximately 25%, with a focus on AI chip production and a significant overhaul of Intel Foundry.
On September 30, 2024, Barclays PLC acquired 2,134,229 shares of Nabors Energy Transition Corp at $10.99 per share, marking a strategic move to diversify its investment portfolio. This acquisition, constituting 0.01% of Barclays' holdings, aligns with its focus on technology and consumer cyclical sectors. Despite Nabors' mixed financial metrics, the investment positions Barclays to benefit from potential future mergers or acquisitions in the energy transition sector.
On September 30, 2024, Barclays PLC acquired 1,415,936 shares of SIM Acquisition Corp I at $9.9915 per share, marking a strategic entry into the recently public blank check company. This investment aligns with Barclays' focus on technology and consumer cyclical sectors, enhancing its portfolio diversification. Following the acquisition, SIMA's stock has seen a modest increase, reflecting potential growth opportunities as it seeks to identify promising businesses.
UBS has upgraded NVIDIA Corp to a 'Buy' rating, signaling a positive outlook for the company's stock. However, the information provided is for informational purposes only and does not constitute a recommendation to buy or sell securities. Investors are reminded of the risks involved, including the potential total loss of capital.
NVIDIA Corporation, a leader in programmable graphics processors, generates 77.8% of its net sales from computing and networking solutions, including data center platforms and AI infrastructure. The remaining 22.2% comes from graphics processors for PCs and gaming. Geographically, 44.3% of sales are in the U.S., followed by Taiwan (22%) and China (16.9%).
UBS has upgraded NVIDIA Corp to a 'Buy' rating, indicating a positive outlook for the company's stock. However, the information provided is for informational purposes only and does not constitute a recommendation to buy or sell securities. Investors are reminded of the risks involved, including the potential total loss of capital.
NVIDIA Corporation leads in the design and marketing of programmable graphics processors, with 77.8% of sales from IT and networking solutions, including data centers and AI infrastructure. The company also generates 22.2% of revenue from graphics processors for gaming and professional use. Geographically, 44.3% of sales come from the USA, followed by Taiwan (22%) and China (16.9%).
NVIDIA Corp
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
huawei reports first quarterly loss amid increased research and development spending
18:00 31.03.2025
huawei reports first quarterly loss amid heavy research spending and sanctions
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11:10 31.03.2025
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11:19 25.03.2025
barclays expands portfolio with nabors energy transition corp acquisition
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11:48 22.03.2025
ubs upgrades nvidia to buy amid market uncertainties
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nvidia maintains market leadership in graphics and computing solutions
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ubs upgrades nvidia to buy amid market uncertainties
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nvidia corporation leads in graphics processors and data center solutions
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