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Broadcom’s custom chips could be a game-changer
Broadcom’s (NASDAQ: AVGO) custom chips could emerge as a game changer for the chipmaker as data centers need them to operate artificial intelligence models. Broadcom’s revenue has jumped due to the higher sales of its AI chips, said Broadcom Chief Executive Hock Tan. The increase in the use of AI chips is due to the […]
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BNY Mellon banks big profits through custody
It’s been a banner year for bank stocks, with the KBW Nasdaq Bank Index jumping 32% year to date, easily beating the S&P 500’s 18% advance. Bank of New York Mellon (NYSE: BK) shares have done even better, surging 54% to a market capitalization of $82 billion. So what has driven the oldest U.S. bank […]
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Cummins isn’t just engines: It’s AI too
Plenty of companies you might not expect are reaping major rewards from the artificial intelligence boom. Cummins (NYSE: CMI), one of the world’s biggest truck engine makers, is one of them. Demand for truck engines is weak now, thanks to the manufacturing sector’s stagnation. But Cummins also has a power systems segment, which has proven […]
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Industrial gas titan Linde withstands tough environment
You probably don’t spend a lot of time thinking about industrial gases: they aren’t a particularly sexy segment of the economy. But Linde (NASDAQ: LIN), the world’s largest industrial gas supplier, is a company worth looking at. It provides oxygen, nitrogen, hydrogen, carbon dioxide, and helium. It also provides equipment used in industrial gas production. […]
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Eli Lilly’s drug pipeline provides higher-margin opportunities
Eli Lilly’s (NYSE: LLY) latest drug, which is undergoing Phase 3 trials, has several promises in store for patients — helping them lose a significant amount of weight while also avoiding pain in their knees. The results from its most recent study showed that after one year of taking Retatrutide, patients lost up to 28.7% […]
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Bath & Body Works CEO has a new turnaround plan
The new CEO of Bath & Body Works (NYSE: BBWI) plans to reduce the number of products sold in its stores and focus on its more popular items that appeal to its most loyal customers. Daniel Heaf, who started his tenure as CEO in May, plans to revamp the fragrance, soap, and candle company’s inventory, […]
