Broadcom reported strong quarterly results with significant AI semiconductor revenue growth, but its guidance fell short of market expectations, causing its stock to dip after hours. The company reiterated its AI revenue targets and announced new deals with major tech firms.
Home Depot reported Q1 revenue of $41.77B, beating estimates, but EPS declined slightly. Same-store sales missed expectations amid rising interest rates, leading to a price target cut. The company reaffirmed its 2026 forecast.
Australia's major banks, including CBA, Westpac, NAB, and ANZ, have experienced significant share price drops in May following a recent budget and quarterly results. CBA shares have fallen over 8%, with a notable 10.4% drop on May 13th. The broader ASX 200 index has also declined over 3% this month.
Bernstein analysts believe Figure Technology Solutions is becoming a unique blockchain marketplace, with its Q1 earnings beating estimates. They see its stock reflecting real-time blockchain loan volumes and anticipate strong Q2 growth.
Bernard Arnault, CEO of LVMH, emphasizes patience and long-term orientation over short-term quarterly gains, focusing on trust, quality, and brand-building.
Morgan Stanley maintained overweight on Bajaj Finance (target Rs 1,120) with Q4FY26 adjusted PBT up 26% YoY; Jefferies set buy on Navin Fluorine (target Rs 8,385) citing 19% EBITDA and 30% PAT growth; HSBC upgraded IIFL Finance (target Rs 550) with 18% RoE; JP Morgan neutral on Federal Bank (target Rs 305) with 11% profit growth; Nomura buy on Waaree Engineering (target Rs 3,750) despite margin pressures.
The four major tech hyperscalers—Amazon, Alphabet, Meta, and Microsoft—are reporting quarterly earnings this week as OpenAI, valued at over $850 billion, has become a critical market mover. OpenAI faces a legal battle with Elon Musk while dealing with a Wall Street Journal report of missed revenue projections. Microsoft has invested $13 billion in OpenAI, while Amazon recently committed $50 billion and announced OpenAI models will be available on AWS.
