SP Funds S&P Global Tech ETF(SPTE.US)

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SP Funds S&P Global Tech ETF
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TSMC CEO: Plans to build a "super-sized wafer fab cluster" in the U.S., will purchase an additional 900 acres if existing land is insufficient

Taiwan Semiconductor is accelerating its expansion plan in the United States, having invested $165 billion and purchased 900 acres of land in Arizona, planning to build a "super large wafer factory cluster." Capital expenditures are expected to reach $56 billion in 2026, with revenue growth approaching 30%. Taiwan Semiconductor's first factory in the United States has begun mass production, with progress exceeding expectations, demonstrating that its manufacturing capabilities can be replicated in the U.S

Wallstreetcn·
US
TSM
+4.44%
Wallstreetcn·
US
TSM
+4.44%

Syngenta Adopts SAP AI Solutions To Boost Farming Efficiency

Syngenta has partnered with SAP to integrate AI across its operations, modernizing processes with SAP Cloud ERP to enhance efficiency and innovation in agriculture. The partnership aims to support global agricultural growth and improve decision-making through advanced data analytics. SAP's stock is currently in a bearish trend, trading below key moving averages, with a recent decline of 8.75% over the past year. Traders should monitor key support and resistance levels as the stock shows signs of potential upward movement.

benzinga_article·
US
SAP
-1.27%
benzinga_article·
US
SAP
-1.27%

European Stocks Hit New Records

European stocks reached new record highs, with the STOXX 50 up 0.6% to 6,050 points and the STOXX 600 around 611 points. A weaker US core inflation rate of 2.6% alleviated fears of delayed Fed interest rate cuts. Positive sentiment was bolstered by Republican lawmakers' support for Fed Chair Jerome Powell amid a criminal investigation. Notable stock gains included Ørsted (+5.6%), SAP (+2.4%), and Eni (+2.0%), while Saint-Gobain (-4.4%) and Vinci (-3.7%) were among the biggest losers.

Trading Economics·
US
VCISY
-1.35%
US
SAP
-1.27%
Trading Economics·
US
VCISY
-1.35%
US
SAP
-1.27%

Tokyo Electron (OTCMKTS:TOELY) Sees Unusually-High Trading Volume - Time to Buy?

Tokyo Electron (OTCMKTS:TOELY) experienced a significant increase in trading volume, with 332,098 shares traded, a 50% rise from the previous session. The stock price rose to $123.00 from a previous close of $120.84. Analysts have upgraded the stock from 'hold' to 'strong-buy', with a consensus rating of 'strong buy'. The company reported earnings of $0.90 per share, exceeding estimates, and had a revenue of $4.27 billion. Tokyo Electron specializes in semiconductor and flat-panel display equipment and services.

Market Beat·
US
TOELY
+4.47%
US
SOXL
+4.88%
Market Beat·
US
TOELY
+4.47%
US
SOXL
+4.88%

NVIDIA Unveils Multi-Agent Intelligent Warehouse and Catalog Enrichment AI Blueprints to Power the Retail Pipeline

NVIDIA has launched Multi-Agent Intelligent Warehouse (MAIW) and Retail Catalog Enrichment AI Blueprints to enhance retail operations. The MAIW blueprint aims to streamline warehouse workflows by integrating AI to provide real-time operational intelligence, addressing issues like inventory management and staffing. The Retail Catalog Enrichment Blueprint utilizes generative AI to improve product onboarding and marketing by creating structured, localized content from sparse data. These innovations are designed to reduce integration costs and improve efficiency in the retail value chain, with demonstrations planned at the National Retail Federation's Big Show.

NVIDIA Blog·
US
NVDA
+2.13%
US
NVDL
+4.15%
HK
07788
+4.42%
NVIDIA Blog·
US
NVDA
+2.13%
US
NVDL
+4.15%
HK
07788
+4.42%
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