For Jensen Huang, the CEO of Nvidia, and his management team, “it’s about winning in the trenches,” according to Mark Urquhart, a partner at investment management firm Baillie Gifford. Urquhart, who has tracked the chip market for nearly 30 years, leads the firm’s Long Term Global Growth team, which typically holds companies for exceptionally long periods, averaging 8 to 10 years. He spoke to CNBC’s “Squawk Box Asia” about his roster of high-conviction holdings, which span Nvidia, TSMC, and luxury brands such as Moncler. Staying with Nvidia Nvidia remains one of Baillie Gifford’s highest-conviction holdings, despite the recent tech selloff. The firm has owned the stock for almost…
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U.S. President Donald Trump shakes hands with Saudi Crown Prince Mohammed Bin Salman during a welcoming ceremony in Riyadh, Saudi Arabia, May 13, 2025.Bandar Algaloud/courtesy Of Saud | Via ReutersU.S. President Donald Trump is set to meet with Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday, with the leaders expected to discuss the deepening of trade and technology ties, artificial intelligence, security and nuclear energy.The trip follows Trump’s visit to Saudi Arabia in May in which the kingdom made a $600 billion trade and investment commitment to the U.S. Analysts say Trump will be looking to cement those pledges…
European bourses are expected to open lower on Tuesday as global markets pull back on renewed concerns over AI-linked stocks. Source link
As concerns over a U.S. tech bubble linger, investment strategists are mapping out various diversification plays on both sides of the Atlantic to shore up portfolios against a sharp market correction. Market pros told CNBC that European equities, government bonds and value stocks all offer advantages amid valuation concerns in the artificial intelligence space. Arnaud Girod, head of economics and cross asset strategy at Kepler Cheuvreux, said Monday that he believes the recent pressure in certain AI-linked U.S. tech stocks is likely to continue, noting that a downturn will hit semi-conductors in particular. Speaking with CNBC’s ” Europe Early Edition…
A promotion can feel like a green light to upgrade your lifestyle. But before you make any big purchases or or open new accounts, take a look at what that increased income means for your budget, your tax liability and your long-term financial goals.”One of the biggest mistakes people make after receiving a raise or income boost is making drastic changes to their budget,” says Chloe Moore, a certified financial planner and founder of Atlanta-based Financial Staples.”A lot of times they don’t fully understand how that raise affects their take-home pay or tax situation,” Moore adds. “They jump straight into…
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural stylesGeorge Pachantouris | Moment | Getty ImagesAsia-Pacific markets fell Tuesday, following a tech-led slide on Wall Street.Japan’s benchmark Nikkei 225 slid 0.92%, while the Topix declined 0.6%. South Korea’s Kospi was 0.64% lower while the small-cap Kosdaq slid 0.58%.Hong Kong’s Hang Seng index lost 0.86%, while mainland CSI 300 was flat.Australia’s benchmark S&P/ASX 200 fell 0.76%.Yields on Japan’s 20-year government bond rose almost 4 basis points to 2.78%, the highest since July 1999, data from LSEG showed. Yields on the 10-year government bond rose around 2 basis points…
Gold prices have been smashing new records this year, and a growing cadre of wealthy investors and family offices are no longer content to let their gold bars sit idle in vaults. They are leasing their bullion to refiners, jewelers, and fabricators for interest, defying gold’s reputation as a non-yielding asset. “We’ve got a whole bunch of phone calls with people saying, I have $2 million of gold bars, I have a million dollars-worth of gold bars. Can you lease it out for me?” said Gaurav Mathur, founder of SafeGold. “What’s changed very substantially in the last few months is…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast Money’Mad Money’ host Jim Cramer joins ‘Fast Money’ traders to talk the state of play in the markets as Big Tech weighs on markets.04:514 hours ago Source link
A broadcast screen at the Bombay Stock Exchange (BSE) in Mumbai, India, on April 3, 2025, displays news of U.S. President Donald Trump announcing sweeping new trade tariffs. Nurphoto | Nurphoto | Getty ImagesIndia’s goods trade deficit hit an all-time high of $41.7 billion in October as gold imports surged on festive season demand, while exports to U.S. bore the brunt of steep tariffs.The deficit, which was sharply wider than Reuters poll estimates of $28.8 billion, topped the previous all-time high of $37.8 billion in November 2024, according to LSEG data.During October, India imported gold worth of $14.7 billion, up…
Stephen Gengaro, Stifel, joins ‘Fast Money’ to talk his bullish take on Tesla. Source link
