Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.

68% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5 Top Stories

Intel CHIPS Cash

Every day, we handpick the 5 Top Stories stock market investors need to know. In 5 minutes, you’ll learn the stocks, CEOs, and money managers moving markets.

Intel CHIPS Cash

With $8.5bn in grants and up to $11bn in loans, Intel [INTC] has become the first company to sign a preliminary CHIPS Act package for advanced chipmaking facilities. The US Commerce Department announced Wednesday that the package will boost Intel’s $100bn in US investments, including at large-scale plants in Arizona and Ohio. Meanwhile, the Biden administration is considering blacklisting Chinese semiconductor firms linked to Huawei.

Major AI-Adjacent IPO

Astera Labs priced its IPO at $36 a share on Tuesday. This was well above its target range, which it had boosted on Monday to $32–34 a share. Shares in the firm were set to start trading on Wednesday under the ticker ALAB. Astera produces connectivity hardware for cloud computing data centres; artificial intelligence (AI) has massively increased traffic at such centres. The company made 271 mentions of “AI” in its most recent filing with the US Securities and Exchange Commission (SEC), TechCrunch reported.

China Revives Defunct EV-Makers

Three defunct electric vehicle (EV) firms are being given a second chance. One of them, Zhidou, which went bankrupt in 2019, has been restructured under the guidance of Geely [0175:HK], and will launch a new EV called Zhidou Rainbow in April. Meanwhile, Tesla [TSLA] is to hike the price of China-produced Model Y vehicles beginning on 1 April, Reuters reported.

Samsung Up 5% On Nvidia Mention

“Samsung is very good, a very good company,” said Jensen Huang, CEO of Nvidia [NVDA], during a media briefing earlier this week. Huang also hinted that his company is evaluating the South Korean giant’s new generation of high-bandwidth memory chips for its graphics processing units. Samsung shares were up 5% Wednesday on the news. According to Reuters, the firm expects to make $100m in revenue from its next line of advanced chip-packaging products.

Tencent Announces $12.8bn in Buybacks

Tencent [TCEHY] announced Wednesday it is planning to double its stock buyback program to over $12.8bn in 2024, after reporting a lower-than-expected 7% increase in revenue. The news could bring hope to investors concerned about the decline of growth experienced by the tech giant during a Chinese economic downturn. Tencent rivals Alibaba [BABA] and JD.com [JD] have made similar moves.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

Latest articles