XRP spot exchange-traded funds are heading toward their first recorded weekly net outflow, according to recent flow data. The shift suggests cooling investor appetite after a period of consistent inflows into XRP-linked products. XRP spot ETFs are showing signs of strain for the first time since their launch. After weeks of steady inflows, the products [...]
China's leading e-commerce company is reportedly considering a spinoff and separate listing for its chip-making unit, following a similar plan by Baiduimage credit: Bamboo WorksKey Takeaways:Alibaba is reportedly weighing a plan to spin off and list its T-Head unit, hoping to join the ranks of other Chinese AI chipmakers with extremely high valuationsShares of rival chipmaker Biren have nearly doubled since their Jan. 2 Hong Kong trading debut, while Moore Threads is up nearly fivefold since its December Shanghai listingIf opening one lock doesn't work, then try another. That seems to be the latest story at e-commerce giant Alibaba Group Holding Ltd. (NYSE:BABA) ( 9988.HK), which is reportedly considering a spinoff and separate listing for T-Head, its chip-making division.If it happens, the spinoff, often called "unlocking shareholder value," would come nearly three years after the company announced a much bigger plan to split itself into its six main divisions and make separate listings for some or all of those. Company watchers will know that plan ultimately got scrapped, and Alibaba has largely remained intact in its current form since then.Somewhat ironically, the T-Head division now being planned for a potential spinoff is closely tied to Alibaba's Cloud Intelligence Unit, though T-Head's website only describes itself as "a wholly-owned semiconductor chip business entity of Alibaba Group." The cloud unit was one of the first of Alibaba's six units to scrap its spinoff under the original breakup plan. At the time, one of the stated reasons was U.S. restrictions that banned Chinese companies from buying advanced AI chips from Nvidia (NVDA.US) and other U.S. suppliers.T-Head and a growing group of other Chinese chip startups are working hard to fill that gap by developing their own AI chips, formally known as graphics processing units (GPUs). Some of those companies are parts of larger names like Huawei's HiSilicon and Baidu's (NASDAQ:BIDU) (9888.HK) Kunlunxin.Others are standalone startups like Moore Threads (688795.SH), Cambricon (688256.SH) and Biren (6082.HK), whose shares have all soared lately. Since its listing on Jan. 2, Biren's shares have nearly doubled. Moore Threads are up more than fivefold since their December IPO. All three companies have triple-digit price-to-sales (P/S) ratios, with Moore Threads and ...Full story available on Benzinga.com
WBH Advisory Inc. boosted its holdings in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG – Free Report) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 804,729 shares of the company’s stock after acquiring an additional 74,480 [...]
WBH Advisory Inc. raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 687.4% in the 3rd quarter, Holdings Channel reports. The fund owned 12,079 shares of the company’s stock after acquiring an additional 10,545 shares during the period. WBH Advisory Inc.’s holdings in iShares MSCI USA Momentum Factor ETF [...]
WBH Advisory Inc. boosted its position in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report) by 6.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 211,026 shares of the company’s stock after buying an additional 12,181 shares during the period. Vanguard Total Stock Market ETF comprises about 5.3% of WBH Advisory [...]
WBH Advisory Inc. increased its stake in shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS – Free Report) by 32.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 156,199 shares of the company’s stock after acquiring an additional 38,472 shares during the period. WBH Advisory [...]
Spotify Technology, Franco-Nevada, Roku, Confluent, and NetEase are the five Streaming stocks to watch today, according to MarketBeat’s stock screener tool. Streaming stocks are shares of companies whose core business is delivering digital audio, video, or live content over the internet to subscribers or users (examples include Netflix, Spotify, Roku, and Disney+). Investors in these [...]
Verus Financial Partners Inc. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 30,272 shares of the exchange traded fund’s stock, valued at approximately $2,203,000. A number of [...]
WBH Advisory Inc. lessened its stake in shares of Vanguard Health Care ETF (NYSEARCA:VHT – Free Report) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,633 shares of the company’s stock after selling 2,517 shares during the period. Vanguard Health Care ETF comprises approximately [...]
Wendell David Associates Inc. boosted its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 27.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,420 shares of the electronics maker’s stock after purchasing an additional 11,150 shares during the period. Wendell David Associates Inc.’s holdings in Amphenol were worth $6,487,000 at the [...]
WBH Advisory Inc. boosted its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Free Report) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 637,639 shares of the company’s stock after acquiring an additional 44,720 shares during the [...]
White Gold (CVE:WGO – Get Free Report) was upgraded by stock analysts at Clarus Securities to a “moderate buy” rating in a report issued on Wednesday,Zacks.com reports. White Gold Stock Performance Shares of WGO opened at C$1.78 on Wednesday. The stock has a market capitalization of C$394.16 million, a price-to-earnings ratio of -178.00 and a [...]