TSMC (TSM)
Taiwan Semiconductor Manufacturing Company's sales rose nearly 60% in April from a year earlier as the company rode a wave of sustained demand for advanced semiconductors used in artificial intelligence (AI) hardware.
The world's largest contract chip maker announced consolidated sales in April of approximately NT$236.02 billion (£5.7 billion/$7.2 billion), an increase of 59.6% from April 2023. In comparison, the year-on-year increase in March 2024 was 34.3%.
The company is the sole manufacturer of cutting-edge training chips for Nvidia (NVDA). TSMC also manufactures semiconductors for Apple (AAPL).
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Last month, TSMC unveiled its latest semiconductor processes, advanced packaging and other technologies to power the next generation of AI innovation.
CEO CC Wei said, “We are entering an AI-powered world, where artificial intelligence runs not only in data centers, but also in PCs, mobile devices, cars, and even the Internet of Things.” .
Novavax (NVAX)
Novavax shares announced the company had signed a $1.2bn (£957m) deal with French drugmaker Sanofi (SAN.PA) to co-commercialize its coronavirus vaccine from next year. As a result, the stock rose in pre-market trading.
Novavax will receive $500 million upfront and $700 million in development, regulatory and launch milestones, according to a statement.
This total is roughly double Novavax's current market capitalization of $627 million.
Sanofi will also acquire a minority stake of approximately 5% in Novavax. Novavax will benefit from double-digit royalties from sales of the COVID-19 jab and combination shots using its technology.
There were turbulent times for Novavax. Its market value soared to more than $40 billion at the height of the pandemic, driven by investor excitement over coronavirus relief measures. But since then, it has fallen by almost 99%.
Anglo American (AAL.L)
Rival Rio Tinto (RIO.L) is reportedly considering a takeover bid for British mining company Anglo American, which is currently targeted by BHP (BHP.L) for a £31bn takeover. As a result, the mine's stock price rose.
Rio's “management did not rule out the possibility of involvement of part or all of the mining group and continued to review the situation on a day-to-day basis,” the Australian Financial Review reported.
Anglo rejected BHP's proposal, saying it was opportunistic and significantly undervalued British companies. Under UK takeover rules, BHP has until May 22 to make a formal takeover offer.
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“Anglo American's share price has risen following reports that Rio Tinto was also considering a takeover following the rejection of BHP's offer. At the moment, M&A speculation is helping to maintain support for Anglo shares. Victoria Scoler, head of investment at Interactive Investor, said.
BHP and Rio have a close working relationship on Escondida and Resolution Copper. One option for Rio is to informally support BHP's bid for Anglo by acquiring assets BHP doesn't want, such as Anglo's diamond business, AFR writes.
Glencore is also considering options for its approach to Anglo, Reuters reported earlier in the month, a move that could spark a bidding war.
The owner of airlines British Airways and Aer Lingus said profits have soared in recent months due to higher sales and lower fuel costs.
International Airlines Group (IAG) reported operating profit of €68m (£58.5m) for the first three months of this year, up from €9m (£7.7m) reported this time last year. Did.
Total revenue also jumped to €6.4bn (£5.5bn) from €5.9bn (£5.1bn) last year, while fuel costs fell by around 5% on the previous year due to lower average prices and improved aircraft delivery efficiency. .
IAG said the improvement in profits and sales was due to increased demand across its airlines, including Iberia and Vueling Airlines.
It also emphasized that leisure travel continues to recover.
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