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Citigroup's CEO Jane Fraser announced plans to allocate more global roles to India, citing the country's strong talent pool and economic growth potential. She emphasized India's competitive advantage, driven by a skilled workforce and government investments in digitization and infrastructure, positioning it as a key player in the global economy. Fraser also reassured that the rise of artificial intelligence will create new job opportunities rather than threaten existing global capability centers in India.
UBS has identified improving risk-reward dynamics for leading AI semiconductor stocks, including Nvidia, Broadcom, TSMC, and ASML, driven by strong innovation and growth in AI computing demand. Despite market volatility, the firm believes the fundamentals of the AI industry remain robust, with Nvidia's upcoming Blackwell Ultra chip expected to sustain growth into 2026. UBS advises investors to capitalize on market fluctuations by purchasing quality AI stocks.
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%).
Taiwan has imposed a fine on a fintech firm from Singapore due to its connections with China. This action highlights ongoing tensions in the region regarding financial operations and regulatory compliance. The move reflects Taiwan's vigilance in monitoring foreign business ties that may pose risks.
Photronics, Inc. reported earnings of $0.52 per share for the last quarter, surpassing expectations of $0.47, with revenues of $212.14 million. Analysts project an annual EPS of 2.3, while DA Davidson raised its target price to $35.00, maintaining a "buy" rating. Institutional investors hold 88.38% of the company's stock, with recent insider sales totaling 209,000 shares.
MediaTek Inc's shares surged by 3.51% on March 18, 2025, following news of a collaboration with Google to develop a next-generation AI chip. The partnership focuses on the seventh-generation Tensor Processing Unit (TPU), set to launch next year, building on the sixth-generation TPU released recently.
Goldman Sachs has reaffirmed its Buy rating for Apple Inc., which focuses on designing, manufacturing, and marketing computer hardware and music support. The company's net sales are primarily driven by telephone products, particularly the iPhone, which accounts for 51.4% of sales, followed by peripheral devices, computers, and music support. Geographically, sales are led by the Americas at 42.7%, with significant contributions from Europe, Asia, and other regions.
Morgan Stanley reduced its target price on Westlake from $130 to $122, maintaining an "equal weight" rating, while JPMorgan Chase lowered its target from $135 to $110, upgrading to "neutral." Wells Fargo cut its target from $160 to $130 with an "overweight" rating, and Truist Financial adjusted its price objective from $168 to $166, keeping a "buy" rating. Analysts show a consensus rating of "Moderate Buy" with an average target price of $140.07, while Westlake recently reported earnings of $0.06 per share, missing estimates. The company declared a quarterly dividend of $0.525, with a yield of 1.95%.
Google is partnering with Taiwan's MediaTek to develop next-generation Tensor Processing Units (TPUs), with production anticipated next year. This collaboration will complement its ongoing work with Broadcom, chosen for MediaTek's strong ties with TSMC and cost advantages. The TPUs will support internal R&D and cloud clients, following a significant investment of $6-$9 billion in TPUs for 2024.
UBS is enhancing its unified global banking approach by integrating investment banking services with its wealth management division, particularly targeting entrepreneurial clients in Asia. This strategy aims to leverage the bank's extensive wealth management client base to drive investment banking growth, especially in regions like China, Australia, and Japan, where recent market rallies have spurred increased client interest in listings and fundraising. Building trust between wealth managers and investment bankers is crucial for the success of this initiative.
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Citigroup to Increase Global Roles in India Amid Economic Growth Confidence
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16:20 19.03.2025
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13:51 19.03.2025
nvidia maintains market leadership in graphics and computing solutions
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photronics reports earnings beat and analysts raise target price to thirty five
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MediaTek shares rise on collaboration with Google for AI chip development
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Goldman Sachs maintains buy rating for Apple amid diverse product sales
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westlake stock ratings and target price adjustments by major analysts
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08:22 18.03.2025
Google partners with MediaTek to develop next generation AI chips
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