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On May 14th, TSMC released presentation materials prior to a technology symposium, indicating that the global semiconductor market is projected to exceed $1.5 trillion by 2030, surpassing its previous forecast of $1 trillion. TSMC predicts that artificial intelligence (AI) and high-performance computing (HPC) will account for 55% of this $1.5 trillion market, followed by smartphones at 20% and automotive applications at 10%. TSMC stated that it is accelerating its capacity expansion in 2025 and 2026, and plans to build nine new wafer fabs and advanced packaging facilities by 2026.On May 14th, Baidu (09888.HK) opened 6.98% higher, reaching a high of HK$147.9. A research report released by Citigroup stated that Baidu Chairman and CEO Robin Li proposed at the BaiduCreate2026 launch event that artificial intelligence is shifting from a model-centric to an application- and agent-centric era. The era of AgenticAI has arrived, and Li proposed "daily active intelligent agents" as a new value metric to better reflect the productivity output of artificial intelligence. Citigroup believes that Baidu has demonstrated and positioned itself as a leader in the emerging "AgenticAI" era, possessing a clear strategy to transform its technology into commercial value.The main fuel oil contract fell by more than 2.00% during the day, and is currently trading at 4349.00 yuan/ton.According to the National Bureau of Statistics, the price of soybean meal (crude protein content ≥43%) in early May was 2,949.0 yuan/ton, a decrease of 0.3% compared with the previous period.May 14th - The China Federation of Logistics and Purchasing (CFLP) released its April China E-commerce Logistics Index today (May 14th). Data shows that e-commerce logistics volume maintained rapid growth in April, showing an overall steady upward trend. The April China E-commerce Logistics Index was 110.6 points, a slight increase of 0.3 points month-on-month. In April, express delivery companies maintained stable operations, and several supply-side indicators continued to improve. Among the sub-indices, the logistics timeliness index, fulfillment rate index, satisfaction rate index, personnel index, and load factor index all rebounded.

Oracle Sales And Earnings Exceed Forecasts Amid Cloud Surge

Aria Thomas

Jun 14, 2022 11:50

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Oracle Corp surpassed Wall Street projections for quarterly profit and sales on Monday, as demand for its cloud products surged in tandem with the industry-wide transition to cloud-based systems.


In extended trading, shares of the Austin, Texas-based corporation whose fourth-quarter sales increased by 5 percent soared by almost 12 percent.


Safra Catz, chief executive officer of Oracle (NYSE:ORCL), stated in a statement, "We think this revenue growth increase signals that our infrastructure business has entered a hyper-growth period."


Oracle, which projected a currency headwind of 5% in the fourth quarter, up from 2% to 3% in the third quarter, forecasts significant revenue growth in its cloud business despite growing inflation and a higher dollar.


Microsoft (NASDAQ:MSFT) in April and Salesforce (NYSE:CRM) Inc in May signaled a solid future for the cloud industry as corporations raise expenditure, but Microsoft reduced its fourth-quarter profit and sales prediction earlier this month owing to unfavorable currency exchange rates.


Oracle predicted a quarterly loss of $100 million in fiscal year 2023 due to the suspension of services in Russia.


However, the business anticipates first-quarter sales growth between 17 and 18 percent, thanks to its $28 billion purchase of healthcare IT provider Cerner Corp. (NASDAQ:CERN).


Oracle's prediction was released on a day when U.S. stock markets plummeted, with the S&P 500 confirming it was in a bear market, as investors feared that aggressive interest rate rises by the Federal Reserve may drive the country into recession.


The business anticipates adjusted first-quarter EPS between $1.04 and $1.08, compared to the average analyst expectation of $1.13.


According to IBES statistics from Refinitiv, revenue for the fourth quarter ended May 31 increased to $11.84 billion, above analysts' average forecast of $11.66 billion.


Excluding adjustments, the company's earnings per share were $1.54, above analysts' predictions of $1.37.


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