SMIC stock jumps 4% in Hong Kong ahead of Tuesday results as chip sentiment steadies

Semiconductor Manufacturing International Corp’s Hong Kong-listed shares closed up 4.1% at HK$70.35 on Monday, after trading between HK$69.00 and HK$71.75 as investors positioned ahead of this week’s results.

Billionaires Buy These AI Stocks Up 2,000% — and It’s Not Nvidia or Broadcom

Billionaires Buy These AI Stocks Up 2,000% — and It’s Not Nvidia or Broadcom

Ken Griffin of Citadel and AQR’s Cliff Asness both picked up Palantir Technologies shares in the third quarter, according to a Monday report. The same analysis noted that Israel Englander and Steven Cohen increased holdings in Comfort Systems USA. Since January 2023, Palantir has surged close to 2,000%, while Comfort Systems is up roughly 970%.
Amazon’s $200 billion AI spending plan rattles tech stocks — what traders watch next week

Amazon’s $200 billion AI spending plan rattles tech stocks — what traders watch next week

Amazon.com is making waves with plans to pour around $200 billion into capex this year—think data centers, chips, the works. That figure “materially greater than consensus expected,” MoffettNathanson analysts noted. Still, CEO Andy Jassy pointed out: AWS is scaling up from a much bigger starting point than its cloud competitors.
Cloud computing stocks bounce back — SKYY jumps, but Amazon’s AI spending plan keeps nerves high

Cloud computing stocks bounce back — SKYY jumps, but Amazon’s AI spending plan keeps nerves high

Cloud computing names wrapped up Friday in the green, with key cloud ETFs notching gains—First Trust Cloud Computing ETF up 4.4%, WisdomTree Cloud Computing Fund ahead 3.5%, and Global X Cloud Computing ETF climbing 2.2%. Amazon, though, dropped 5.6% as investors balked at the mounting price tag of its AI buildout. Snowflake soared 7.5%, while Microsoft edged up 1.8%.
Big Tech stocks brace for AI spending scrutiny after Nvidia’s jump and Amazon’s drop

Big Tech stocks brace for AI spending scrutiny after Nvidia’s jump and Amazon’s drop

Big Tech walks into Monday divided: Friday’s bounce revived chip stocks, but Amazon sank as new concerns flared over AI infrastructure costs. The Dow topped 50,000 for the first time, with the S&P 500 rising 2% and the Nasdaq up a shade over 2%, thanks mostly to Nvidia and other semiconductors.
Amazon stock slides on $200 billion AI spending plan as Wall Street braces for jobs, CPI

Amazon stock slides on $200 billion AI spending plan as Wall Street braces for jobs, CPI

Amazon.com shares slid 5.6% to close at $210.32 on Friday, after the company warned about sharply higher spending tied to artificial-intelligence infrastructure. The stock faced more selling pressure as investors looked to Monday. “This trade has been volatile,” said Baird investment strategy analyst Ross Mayfield, citing the tension between expensive AI investments now and the promise of stronger demand down the line.
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AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Kodiak Gas Services

NYSE:KGS • Energy infrastructure 88/100 • ★★★★☆
#2 STRONG BUY

Neurocrine Biosciences

NASDAQ:NBIX • Healthcare 87/100 • ★★★★☆
#3 STRONG BUY

Alphabet Class A

NASDAQ:GOOGL • Communication services 85/100 • ★★★★☆
#4 BUY ON WEAKNESS

Applied Materials

NASDAQ:AMAT • Semiconductor equipment 84/100 • ★★★★☆
#5 ACCUMULATE

JPMorgan Chase

NYSE:JPM • Financials 80/100 • ★★★★☆
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Editorial model selection. Not personalised advice.