In today’s briefing:
- Ohayo Japan | Fed Holds Steady
- Japan Morning Connection: Big Boosts to AI Capex Plans for MSFT and META Will Lift Japan SPE
- Is 14A on the Chopping Block, or Is Intel Raising the Stakes for a Whale
- Sustainable Investing Surveyor – Focus on BNRG – Jul 28, 2025
Ohayo Japan | Fed Holds Steady
- The S&P 500 slipped 0.2% and the Dow fell 0.4%, while the Nasdaq gained 0.1%. Earlier gains faded as Powell emphasized the need to keep long-term inflation expectations anchored
- The Fed’s decision to hold rates was not unanimous, with Christopher Waller and Michelle Bowman favouring a 25-basis point cut, marking the most dissent at a policy meeting since 1993.
- Meta and Microsoft beat earnings expectations on strong advertising and cloud revenue, with upbeat guidance and AI-driven growth pushing shares up over 8% and 6%, respectively.
Japan Morning Connection: Big Boosts to AI Capex Plans for MSFT and META Will Lift Japan SPE
- Teradyne +18.9% on a solid beat so watch testing peers Advantest, Micronics and Tera Probe for upside.
- Marvell +7% on the potential for greater MSFT sales should also help ASIC peer Socionext.
- ARM and Qualcomm both down after hours on numbers, dampening the mood for smartphone related (and Softbank).
Is 14A on the Chopping Block, or Is Intel Raising the Stakes for a Whale
- Engineering work continues on the 14A, but further capacity expansion is on hold until a major external customer commits.
- CEO Lip-Bu Tan is prioritising balance sheet strength and shareholder returns after years of aggressive capex.
- Intel would only expand PPE upon firm commitments, ensuring any new foundry capacity is tied to revenue certainty.
Sustainable Investing Surveyor – Focus on BNRG – Jul 28, 2025
- This week, we are introducing modifications to our WTR Sustainable Investing Index.
- Please see “About the WTR Index” on this page for the new description.
- Aside from changes to the sector and sub-sector groupings, we now include only stocks with market caps greater than $2.0 million and less than $10 billion, so the new index reflects small- cap and mid-cap companies.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
