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Yahoo
40 minutes ago
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Analysts Positive on Wipro Limited (WIT) Following Strong Q1 Earnings
With a share price under $10, strong hedge fund interest, and a low price-to-earnings ratio, Wipro Limited (NYSE:WIT) makes it onto our list of the . A close-up of a computer monitor showing a complex web of cloud-based technology. Following strong Q1 earnings, analyst sentiment improved, with firms like Morgan Stanley and Jefferies issuing bullish ratings on WIT. On July 18, 2025, Morgan Stanley increased its price target on the company from $3.07 to $3.30, maintaining an 'Equal Weight' rating. In addition to strong performance, the revision was driven by strong large-deal wins that are expected to drive its growth. On July 17, 2025, Wipro Limited (NYSE:WIT) announced financial results for Q1 ended June 30, 2025. Despite a 1.6% QoQ decrease, Wipro Limited (NYSE:WIT) reported revenue of $2.58 billion, an increase of 0.8% on a YoY basis. The IT services segment contributed significantly, seeing large deal bookings grow 131% YoY to $2.7 billion. Overall bookings went up by 50.7% YoY, reaching $5.0 billion. Furthermore, Wipro Limited (NYSE:WIT) improved its operating margins by 0.8% on a YoY basis, taking them to 17.3%. Meanwhile, net income rose to $388.4 million, while operating cash flows were well-maintained at 123.2% of net income. Adopting a cautious outlook due to macroeconomic uncertainties, Wipro Limited (NYSE:WIT) expects Q2 revenue between $2.56 and $2.61 billion. By offering 24/7 cloud-managed services, Wipro Limited (NYSE:WIT) helps businesses optimize hybrid and public cloud environments for efficient, scalable operations through cost tracking, automation, DevOps, containers, and performance monitoring. It is included in our list of the best cloud stocks. While we acknowledge the potential of WIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and Top 10 AI Infrastructure Stocks to Buy Now. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
Analysts Positive on Wipro Limited (WIT) Following Strong Q1 Earnings
With a share price under $10, strong hedge fund interest, and a low price-to-earnings ratio, Wipro Limited (NYSE:WIT) makes it onto our list of the . A close-up of a computer monitor showing a complex web of cloud-based technology. Following strong Q1 earnings, analyst sentiment improved, with firms like Morgan Stanley and Jefferies issuing bullish ratings on WIT. On July 18, 2025, Morgan Stanley increased its price target on the company from $3.07 to $3.30, maintaining an 'Equal Weight' rating. In addition to strong performance, the revision was driven by strong large-deal wins that are expected to drive its growth. On July 17, 2025, Wipro Limited (NYSE:WIT) announced financial results for Q1 ended June 30, 2025. Despite a 1.6% QoQ decrease, Wipro Limited (NYSE:WIT) reported revenue of $2.58 billion, an increase of 0.8% on a YoY basis. The IT services segment contributed significantly, seeing large deal bookings grow 131% YoY to $2.7 billion. Overall bookings went up by 50.7% YoY, reaching $5.0 billion. Furthermore, Wipro Limited (NYSE:WIT) improved its operating margins by 0.8% on a YoY basis, taking them to 17.3%. Meanwhile, net income rose to $388.4 million, while operating cash flows were well-maintained at 123.2% of net income. Adopting a cautious outlook due to macroeconomic uncertainties, Wipro Limited (NYSE:WIT) expects Q2 revenue between $2.56 and $2.61 billion. By offering 24/7 cloud-managed services, Wipro Limited (NYSE:WIT) helps businesses optimize hybrid and public cloud environments for efficient, scalable operations through cost tracking, automation, DevOps, containers, and performance monitoring. It is included in our list of the best cloud stocks. While we acknowledge the potential of WIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and Top 10 AI Infrastructure Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Cardinals listening to trade offers on All-Star closer
The St. Louis Cardinals could be gearing up towards a major sell-off at the trade deadline, including one of their key bullpen arms. Per Katie Woo of The Athletic, the Cardinals have been shopping around closer Ryan Helsley. After this season, Helsley will become an unrestricted free agent. 'Helsley, who wishes to remain in St. Louis, recently described his chances of being traded as '90 percent,' Woo wrote. 'The two-time All-Star closer is the longest-tenured Cardinal and expressed his hope for an extension in spring training. But the Cardinals' decline in July, combined with Chaim Bloom and a new front office taking over after the season, squashed all potential extension conversations.' Per Woo, while the Cardinals haven't officially declared that they are officially sellers, they have reached out to teams about Helsley, and other pitchers such as Steven Matz and Phil Maton. Additionally, JoJo Romero has been garnering interest as well. Helsley has pitched to a 3.00 ERA this season with 21 saves. With the Cardinals starting to slip further and further down the standings, the team could look to acquire assets in exchange for their top-tier closer. Helsley was an All-Star in 2022 and 2024. Up to this point, he has spent his entire seven-year career with the Cardinals. Now, it appears more likely than ever that the team will part with one of its mainstays in the back end of their bullpen for so long.