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Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Tuesday that first-quarter profit more than doubled on robust demand for artificial intelligence servers and after coming off a low base a year ago. Net profit for January-March for Apple's top iPhone assembler likely came in at T$29.3 billion ($904.6 million), according to an LSEG consensus estimate of 15 analysts. That would represent a 129% increase from the same period a year ago when profit sagged after the company took a T$17.3 billion writedown related to its 34% stake in Japanese electronics maker Sharp Corp. It would also mark a third consecutive quarter of profit growth...
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Baron Global Advantage Fund gained 3.6% during the first quarter, compared to the 8.2% gain for the MSCI ACWI Index, and the 9.5% gain for the MSCI ACWI Growth Index, the Fundâs benchmarks...
Continue ReadingMeta delivered strong Q1 performance and growth, highlighting the importance of investing in AI for future success. Find out why META stock is a Buy...
Continue Reading(Bloomberg) -- President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.Most Read from Bloomberg‘Seriously Underwater’ Home Mortgages Tick Up Across the USApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVMarjorie Taylor Greene Finally Got What She Deserved: DefeatMicrosoft...
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Social media giant Meta Platforms (NASDAQ:META) has grown remarkably, soaring approximately 490% in under two years. However, Meta recently saw its most significant market cap decline since 2022, shedding around $200 billion following its Q1 results. The stock received downward revisions in target prices across Wall Street. The crucial question now is whether to buy or sell. Personally, I view this as an opportunity to invest in the stock based on its AI-based growth trajectory. I believe it can...
Continue ReadingA bipartisan group of lawmakers unveiled a bill late Wednesday that would make it easier for the Biden administration to impose export controls on AI models, in a bid to safeguard the prized U.S. technology against foreign bad actors. The bill, sponsored by House Republicans Michael McCaul and John Molenaar and Democrats Raja Krishnamoorthi and Susan Wild, would also give the Commerce Department express authority to bar Americans from working with foreigners to develop AI systems that pose risks to U.S. national security. The legislation aims to bulletproof any future AI export regulations from legal challenges and was crafted with input from Biden administration officials...
Continue ReadingAn Apple spokesperson declined to comment but directed inquiries to the Ad Age report. The advertisement titled "Crush" has over a million views on Apple's YouTube channel and was shared by CEO Tim Cook on social media platform X. It shows a variety of creative tools and objects such as a camera, guitar, piano and paint being destroyed by an industrial crusher...
Continue ReadingApple apologized on Thursday after an advertisement for its latest iPad Pro model sparked criticism by showing an animation of musical instruments and other symbols of creativity being crushed, Ad Age magazine reported. An Apple spokesperson declined to comment but directed inquiries to the Ad Age report. The advertisement titled "Crush" has over a million views on Apple's YouTube channel and was shared by CEO Tim Cook on social media platform X. It shows a variety of creative tools and objects such as a camera, guitar, piano and paint being destroyed by an industrial crusher...
Continue ReadingBaron Durable Advantage Fund (Inst.) gained 10.9% during Q1 2024, slightly ahead of the 10.6% gain for the S&P 500 Index. Click here to read the full letter...
Continue ReadingA bipartisan group of lawmakers unveiled a bill late Wednesday that would make it easier for the Biden administration to impose export controls on AI models, in a bid to safeguard the prized U.S. technology against foreign bad actors. The bill, sponsored by House Republicans Michael McCaul and John Molenaar and Democrats Raja Krishnamoorthi and Susan Wild, would also give the Commerce Department express authority to bar Americans from working with foreigners to develop AI systems that pose risks to U.S. national security. Reuters reported on Wednesday that the United States is poised to open up a new front in its effort to safeguard U.S. AI from China and Russia with preliminary plans to impose export controls on the most advanced proprietary AI Models...
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