Flash News

TREE NEWS reports: Nearly half of S&P/ASX 200 companies reported profit surprises, with beats outpacing misses by 1.5 times, Bloomberg data shows. The strong results pushed the benchmark index to a record high in early August before gains narrowed, closing the month up 1.1%. MST Financial’s Hasan Tevfik remains optimistic, expecting earnings to continue beating expectations.

TREE NEWS update: Broadcom CEO Hock Tan said the company expects AI chip revenue to reach approximately $115 billion in 2027 and $230 billion in 2028. By the end of 2027, Broadcom aims to deliver third-generation chips to Meta. Tan also projects earnings per share of $30 in fiscal 2028.

TREE NEWS update: Broadcom’s CEO announced the company is collaborating with OpenAI to develop a third-generation XPU. The partnership aims to advance custom AI accelerator technology for OpenAI’s infrastructure needs. No additional details on timeline or specifications were provided.

TREE NEWS update: Broadcom CEO Hock Tan said the new Google TPU chip is as good as or better than Nvidia’s Vera Rubin, as the company begins volume shipments of the next-gen TPU 8I to Google this quarter, with increased deliveries expected in Q4. Broadcom also plans to accelerate Ironwood chip shipments to Anthropic and mass-produce Meta’s custom MTIA accelerator in Q4. The company raised its fiscal 2026 AI revenue guidance to $58 billion, up 186% year-over-year.

TREE NEWS reports: US stock index futures ended higher on Wednesday, September 2, with S&P 500 futures up 0.39%, Dow futures up 0.60%, and Nasdaq 100 futures up 0.06%. Russell 2000 futures gained 1.22%.

TREE NEWS reports: On Wednesday (Sept. 2), the US memory chip and hardware supply chain index rose 0.76% to 95.85 points, holding firm at high levels for most of the session. The index’s performance reflected steady demand in the sector.

TREE NEWS reports: RBC Capital Markets strategists said the Treasury’s expanded buyback plan still has a ‘positive effect’ on long-dated debt, even though 30-year yields have returned to levels seen before the announcement. In a Wednesday note, they noted long-end yields largely rose with oil prices, while long-end swap spreads have held gains since the plan was unveiled, so the program is ‘not entirely wasted.’

TREE NEWS reports: The Magnificent 7 index of top US tech stocks rose 0.87% to close at 226.71 points on Wednesday, after early gains and narrow high-level trading. The mega-cap tech index also advanced 0.58% to 445.95 points.

TREE NEWS update: Microsoft has reaffirmed its fiscal fourth-quarter Azure revenue outlook at $29.42 billion, aligning with prior guidance. The statement was made in an official announcement, confirming the company’s cloud segment performance expectations.

TREE NEWS reports: Snowflake shares surged over 22% in after-hours trading following a quarterly report described as “healthy,” with momentum in AI coding. The strong performance signals robust demand for the company’s data cloud platform and its AI-driven product initiatives.

TREE NEWS reports: On Wednesday, gold ETFs closed up 1.52%, while Russell 2000 ETFs rose 1.18% and yen long ETFs gained 0.93%. Emerging market ETFs added 0.57%, and Dow, S&P 500, convertible bond, Brent oil, and long-term Treasury ETFs gained up to 0.54%. Euro long ETFs fell 0.03%, dollar index long ETFs dropped 0.14%, and real estate ETFs declined 0.54%.

TREE NEWS reports: Broadcom (AVGO) reported fiscal Q3 adjusted net revenue of $29.59 billion, beating the $29.45 billion estimate, with semiconductor solutions revenue at $20.84 billion and AI semiconductor revenue at $16.7 billion, both above expectations. However, the company guided Q4 revenue to approximately $34.8 billion, below the $35.05 billion consensus, sending shares down 4% in after-hours trading.

TREE NEWS reports: On Wednesday, September 2, most US sector ETFs rose, with regional banks up 2.23%, banking ETFs up 2.09%, global airlines up 1.58%, biotech up 1.41%, semiconductors up 0.96%, global tech up 0.27%, and internet up 0.09%. Tech sector ETF fell 0.02%.

TREE NEWS reports: Snowflake’s stock surged 18% in after-hours trading on Wednesday. The move follows the company’s latest earnings report, which showed stronger-than-expected revenue growth. Investors reacted positively to the cloud data platform’s performance and outlook.

TREE NEWS reports: C3.ai reported fiscal first-quarter revenue of $52.4 million, slightly above analyst expectations of $52.3 million. The company maintained its full-year revenue forecast of $210-$240 million, versus consensus of $227.2 million. For the second quarter, it guided revenue of $51-$55 million, below the $56.8 million analysts had projected.

TREE NEWS reports: Hewlett Packard Enterprise (HPE) reported fiscal third-quarter net revenue of $12.21 billion, beating analyst expectations of $11.9 billion. The company raised its full-year adjusted EPS guidance to $3.75-$3.85, up from its prior forecast of $3.35-$3.45.

TREE NEWS reports: Among the S&P 500’s 11 sectors, materials rose 1.54%, telecom gained 1.16%, information technology/tech added 0.33%, energy edged up 0.32%, while real estate fell 0.79%.

TREE NEWS reports: On Wednesday, September 2, the Bloomberg Electric Vehicle Price Return Index dropped 1.65% to 3,385.97 points. The index opened lower in the Asia-Pacific session and declined sharply between 08:00 and 10:00 Beijing time, before gradually recovering slightly in a sustained low-level range.

TREE NEWS reports: Palo Alto Networks (PANW) fell 9.3% in trading, marking its worst single-day performance in more than two years. The decline follows the company’s latest earnings report, which showed slowing billings growth. Investors reacted negatively to the guidance, sending shares down sharply.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed roughly flat in preliminary trading. Among popular Chinese ADRs, Canadian Solar rose 5.5%, Meituan gained 4.4%, Xiaomi added 2.2%, while Alibaba and ASE fell 0.9%. ETFs CQQQ dipped 0.1% and KWEB edged up 0.1%.