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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) Chip Industry Roadblocks —

Expanding U.S. chip manufacturing faces hurdles despite aggressive investment and political support. #Manufacturing
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3) US Chips Away at Dependency —

GlobalFoundries gets a $1.5 billion boost from US government to ramp up domestic semiconductor production. #Semiconductors
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2) Chevron Chills Inflation —

Chevron's investment in Venezuela helps cool the nation's inflation, leading to the lowest rate in a decade. #Inflation
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📰 BizToc.com Hourly News Flash

1) Capital One's Big Move —

Capital One plans to acquire Discover Financial, positioning for major expansion in consumer finance. #Acquisition
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AkhenOsiris
The "i told you so" chorus on this app when cyclicality catches up with NVDA will be an epic tidal wave, getting my 🍿 ready.

The damage to 🐻's up to now has also been epic, respect to those of you still pressing.

Persistent 🐻's since $200s: you'll need a 60% crash to have your point proven (has happened before, so not unprecedented).
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AkhenOsiris
$TSM $NVDA

MS - Trading Nvidia results through TSM

The U.S. investment bank said, in a note dated Feb. 18, that Taiwan Semiconductor Manufacturing (NYSE: TSM) is the sole supplier for Nvidia's (NASDAQ: NVDA) artificial intelligence graphics cards, and thus Nvidia’s guidance for the April quarter could be a key catalyst.

Morgan Stanley assigns a 20% probability that Nvidia’s quarterly guidance comes in above buy-side expectations of $24 billion, and expects TSMC’s shares to rise around 5% as a result.

It says there is a 60% chance that the guidance is in line with the $22-$24 billion expectations, which could be TSMC gains of up to 3%, while there’s a 20% chance that the guidance is below $22 billion, which would cause TSMC’s stock to fall 2%.
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AkhenOsiris
$NVDA

- Raised to $865 at Stifel Into EPS

- Raised to $835 at HSBC, 'Transition to re-rating as earnings upside peaks'
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) U.S. Bolsters EV Metal Stocks —

The U.S. moves to secure EV metals, reviving strategic stockpiles to compete in the global energy transition. #EVmetals
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3) Cross-Strait Tensions Rise —

Chinese Coast Guard escalates tensions by boarding a Taiwan tourist boat, sparking regional dispute. #Geopolitics
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BizToc
2) Wall Street's Climate Step Back —

JPMorgan and other Wall Street firms retreat from some climate commitments amid complex challenges. #Climate
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BizToc
📰 BizToc.com Hourly News Flash

1) Capital One's Discover Acquisition —

Capital One set to acquire Discover for $35 billion, reshaping the credit card landscape. #Acquisition
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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BizToc
4) Biden's Boost for Chip Production —

President Biden grants $1.5 billion to a chipmaker for manufacturing expansion in New York and Vermont, bolstering domestic chip supply. #ChipmakerFunding
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BizToc
3) Porsche Powers Up with New Hybrids —

Porsche expands its plug-in Panamera lineup, adding two new hybrids as it accelerates its electric transition strategy. #PorscheHybrids
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BizToc
2) Air Canada Pays Price for Chatbot Error —

Air Canada compensates customer after chatbot provides incorrect information, highlighting challenges in automated customer service. #AirCanadaChatbot
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BizToc
📰 BizToc.com Hourly News Flash

1) Microsoft's Multi-Billion AI Expansion in Spain —

Microsoft announces a $2.1 billion investment to boost its AI infrastructure in Spain, signalling a major commitment to European tech growth. #MicrosoftSpainAI
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