Analysts at Bernstein have designated Montage Technology as their top pick in China's semiconductor sector, citing its strategic position in the AI server supply chain and issuing a significant price target increase.
Emerging markets asset manager Ashmore Group reported a $1.3 billion net inflow for its latest quarter, nearly double analyst expectations and reversing a period of client withdrawals.
The luxury retailer reported an adjusted operating profit of £155 million, surpassing analyst expectations, as strong sales to affluent American consumers continued into the new fiscal year.
The Swedish plastics technology developer reported an 11% year-over-year increase in second-quarter net sales, marking a new company record. Nexam Chemical also swung to a profit, posting adjusted earnings per share of SEK 0.03.
China's smartphone market contracted by 4.3% year-over-year in the second quarter, marking the fifth consecutive quarterly decline as rising component costs forced price hikes across most Android brands, according to data from IDC.
The Swedish industrial technology firm reported second-quarter net sales of SEK 991 million, surpassing analyst estimates, driven by robust order growth in the Asia-Pacific region.
The Swedish telecom equipment maker reported second-quarter adjusted EBITA above analyst expectations, driven by higher-than-forecast gross margins. Net sales fell short of consensus due to a drop in patent-licensing revenue compared to the prior year.
Speaking at a corporate conference, SoftBank CEO Masayoshi Son projected that artificial intelligence development will require $5 trillion in investment each year by 2040 and called concerns of a market bubble 'absurd.'
China's smartphone market contracted in the second quarter, but Apple and Huawei were notable exceptions, posting double-digit growth in shipments and expanding their market share, according to data from research firm IDC.
