Latest news with #Nvidia-based
Business Wire
08-07-2025
- Business
- Business Wire
Schwab Trading Activity Index™: STAX Score Climbs Slightly After Three Months of Decline
WESTLAKE, Texas--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) increased slightly to 40.66 in June, up from its score of 39.68 in May. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending June 27, 2025, ranks 'low' compared to historic averages. 'One theme that carried throughout the June STAX period was the rotation into industrial and discretionary sectors and away from tech,' said Joe Mazzola, Head Trading and Derivatives Strategist at Charles Schwab. 'The industrial sector has been a top performer year-to-date, with all the talk of onshoring leading to increased infrastructure investment.' As the S&P 500 index (SPX) set new record highs in June and climbed more than 5%, Schwab clients gingerly dipped their toes in the water but stayed cautious. The STAX climbed for the first month after three straight declines, but by less than 2.5% and not much above May's two-year lows. The STAX improved the first three weeks of June but declined in the final full week of the month. And while up slightly on a month-to-month basis, the STAX remains well below its 2025 high of 51.94 posted in February and was outpaced by the SPX for the fourth straight month, hinting at prolonged caution by clients. Tech has now seen strong selling by clients since December, excepting a short period of optimism in late January and early February. Meanwhile, the trend toward buying of exchange-traded funds (ETFs) as opposed to individual stocks also remained popular, according to the June STAX data. 'For the fifth month in a row, information technology was the biggest net-sell sector on a dollar basis, and the reason we're seeing big net-outflows in tech is really Nvidia-based,' said Mazzola. 'This was the second month in a row of selling in Nvidia, and the selling came despite Nvidia's shares climbing around 15% during the period amid optimism about U.S. trade with China and rising demand for AI chips overall. Microsoft also saw net-selling as its shares hit new record highs. This could suggest clients getting nervous about the velocity of these moves and trimming into strength." Stock market volatility fell again in June, easing as investors expected positive outcomes on both the tariff and U.S. budget front and despite geopolitical rumblings centered on war in the Middle East. The CBOE Volatility Index ® (VIX) traded well below its historic average of 20 by late June. The May U.S. Nonfarm Payrolls report showed 139,000 jobs created, slightly above expectations but down from a revised 147,000 in April, as unemployment remained low at 4.2%. Participation in the labor market fell to 62.4% from 62.6%, a reversal from April's gain. Inflation reports in June offered fresh signs of price growth retreating, though not approaching the Federal Reserve's 2% target. The May Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) index generally featured price growth slowing from April, though core PCE that subtracts volatile food and energy prices rose 2.7% year over year, a slightly higher-than-expected reading. The Fed kept rates unchanged at its June meeting at a target range of 4.25% to 4.5%, where it's been since December. Personal income fell a sharp 0.4% in May while spending slipped 0.1%. The reduced spending could reflect demand having been pulled forward into earlier in the year by tariff-based inflation worries. Treasury note yields slipped in June, with the Treasury market gaining despite worries that the Republican budget plan could significantly raise U.S. debt (yields trade inversely to Treasuries). Yields fell below 4.3% for the benchmark 10-year note by late June, down about 30 basis points from a month earlier and not far from two-month lows. Popular names bought by Schwab clients during the period included: Tesla Inc. (TSLA) Palantir Technologies Inc. (PLTR) Inc. (AMZN) Alphabet Inc. (GOOGL) Circle Internet Group Inc. (CRCL) Names net sold by Schwab clients during the period included: NVIDIA Corp. (NVDA) Microsoft Corp. (MSFT) Coinbase Global Inc. (COIN) Meta Platforms Inc. (META) Intel Corp. (INTC) About the STAX The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX. For more information on the Schwab Trading Activity Index, please visit Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim ® or thinkorswim Mobile platforms. Investing involves risk, including loss of principal. Past performance is no guarantee of future results. Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type. Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. 0725-EH6Y
Associated Press
30-06-2025
- Business
- Associated Press
Sonim Technologies Provides Update on Letter of Intent for Reverse Takeover
San Diego, California--(Newsfile Corp. - June 30, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today issued an update regarding the Letter of Intent (LOI) for a proposed reverse takeover (RTO), as originally announced via press release dated June 25, 2025. The RTO is with a private US-based company (the 'Target') that is building out Nvidia-based High-Performance Computing (HPC) AI factories to support the hyper growth of cloud-based artificial intelligence (AI) workloads. Under the LOI, upon completion, Sonim shareholders will receive equity ownership in the combined company. While this equity ownership is currently valued at $17.5 million, Sonim shareholders will benefit from any future value appreciation of the combined entity. This announcement reflects Sonim's commitment to transparency as the transaction progresses. Further updates will be shared as more information becomes available. About Sonim Technologies Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit Media contact: Anette Gaven [email protected] P: 619-993-3058 Important Information and Where to Find It This press release may be considered to be a soliciting material in connection with the 2025 Annual Meeting of Stockholders. Sonim has filed with the SEC a definitive proxy statement on Schedule 14A, containing a form of WHITE proxy card, with respect to its solicitation of proxies for the 2025 Annual Meeting of Stockholders. Sonim's stockholders are strongly encouraged to read Sonim's definitive proxy statement (including any amendments or supplements thereto) and any other documents to be filed with the SEC carefully and in their entirety when they become available because they will contain important information. Stockholders may obtain a free copy of the definitive proxy statement, any amendments or supplements to the proxy statement, and other documents that Sonim files with the SEC at no charge from the SEC's website at Copies will also be available at no charge on Sonim's website at Additional Information and Where to Find It This communication relates to the proposed transaction involving Sonim. This communication does not constitute a solicitation of any vote or approval. In connection with the proposed transaction, Sonim plans to file with the SEC a proxy statement (the 'Proxy Statement') relating to a special meeting of its stockholders and may file other documents with the SEC relating to the proposed transaction, including a prospectus. This communication is not a substitute for the Proxy Statement or any other document that Sonim may file with the SEC or send to its stockholders in connection with the proposed transaction. Before making any voting decision, stockholders of Sonim are urged to read the Proxy Statement in its entirety when it becomes available and any other relevant documents filed or to be filed with the SEC and any amendments or supplements thereto and any documents incorporated by reference therein, because they will contain important information about the proposed transaction and the parties to the proposed Transaction. Any vote in respect of resolutions to be proposed at a stockholder meeting of Sonim to approve the proposed transaction or related matters, or other responses in relation to the proposed transaction, should be made only on the basis of the information contained in the Proxy Statement. Investors and security holders will be able to obtain the Proxy Statement and other documents Sonim files with the SEC (when available) free of charge at the SEC's website ( ) or at Sonim's investor relations website ( ) or by e-mailing Sonim to [email protected]. Participants in the Solicitation Sonim and its respective directors, executive officers, and other members of their management and employees, including Peter Liu (Chief Executive Officer and a director), Clay Crolius (Chief Financial Officer), and Sonim's directors-James Cassano, Mike Mulica, Jack Steenstra, and Jeffrey Wang-under SEC rules, may be deemed to be participants in the solicitation of proxies of Sonim's stockholders in connection with the proposed Transaction. Stockholders may obtain more detailed information regarding Sonim's directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, under the captions " Directors, Executive Officers, and Corporate Governance,' " Security Ownership of Certain Beneficial Owners and Management, " and " Certain Relationships and Related Party Transactions " of Sonim's definitive proxy statement for the 2025 Annual Meeting filed with the SEC on June 18, 2025. Any subsequent updates following the date hereof to the information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the proposed Transaction, if and when they become available. These documents will be available free of charge as described above. Forward-Looking statements This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the anticipated effects of the proposed transaction and the strategy of Sonim in connection with strategic alternatives, the growth of the AI market, the anticipated terms of the proposed transaction, and potential benefits of the proposed transaction to Sonim's stockholders. These forward-looking statements are based on Sonim's current expectations, estimates and projections, and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as 'achieve,' 'aim,' 'ambitions,' 'anticipate,' 'believe,' 'committed,' 'continue,' 'could,' 'designed,' 'estimate,' 'expect,' 'forecast,' 'future,' 'goals,' 'grow,' 'guidance,' 'intend,' 'likely,' 'may,' 'milestone,' 'objective,' 'on track,' 'opportunity,' 'outlook,' 'pending,' 'plan,' 'poised,' 'position,' 'possible,' 'potential,' 'predict,' 'progress,' 'promises,' 'roadmap,' 'seek,' 'should,' 'strive,' 'targets,' 'to be,' 'upcoming,' 'will,' 'would,' and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: the ability of Sonim to meet expectations regarding the timing and completion of the proposed transaction; the possibility that the LOI will not result in the definitive agreement; the possibility that the conditions to the closing of the proposed transaction are not satisfied, including the risk that the required approvals are not obtained, the Sonim Legacy Business Sale does not close, and that Sonim's stockholders do not approve the proposed transaction; the challenges of maintaining Nasdaq listing and the potential necessity to implement a reverse stock-split in order to remain listed on Nasdaq; the occurrence of any event, change or other circumstances that could result in the definitive agreement (if ever executed) being terminated or the proposed transaction not being completed on the terms reflected in the definitive agreement, or at all; potential litigation relating to the proposed transaction; the risk that the proposed transaction and its announcement could have adverse effects on the market price of Sonim's common stock; the risk that the current board of directors of Sonim loses the proxy contest and the new directors' slate determines to terminate the proposed transaction (whether at the state of LOI or definitive agreement); the effect of the announcement of the proposed transaction on the ability of Sonim to retain key personnel and maintain relationships with customers and business partners; the risk of unexpected costs or expenses resulting from the proposed transaction and the LOI; and other risks and uncertainties, including those described under 'Risk Factors' included in Sonim's most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at ). Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law. To view the source version of this press release, please visit
Yahoo
30-06-2025
- Business
- Yahoo
Sonim Technologies Provides Update on Letter of Intent for Reverse Takeover
San Diego, California--(Newsfile Corp. - June 30, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today issued an update regarding the Letter of Intent (LOI) for a proposed reverse takeover (RTO), as originally announced via press release dated June 25, 2025. The RTO is with a private US-based company (the "Target") that is building out Nvidia-based High-Performance Computing (HPC) AI factories to support the hyper growth of cloud-based artificial intelligence (AI) workloads. Under the LOI, upon completion, Sonim shareholders will receive equity ownership in the combined company. While this equity ownership is currently valued at $17.5 million, Sonim shareholders will benefit from any future value appreciation of the combined entity. This announcement reflects Sonim's commitment to transparency as the transaction progresses. Further updates will be shared as more information becomes available. About Sonim TechnologiesSonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit Media contact:Anette 619-993-3058 Important Information and Where to Find ItThis press release may be considered to be a soliciting material in connection with the 2025 Annual Meeting of Stockholders. Sonim has filed with the SEC a definitive proxy statement on Schedule 14A, containing a form of WHITE proxy card, with respect to its solicitation of proxies for the 2025 Annual Meeting of stockholders are strongly encouraged to read Sonim's definitive proxy statement (including any amendments or supplements thereto) and any other documents to be filed with the SEC carefully and in their entirety when they become available because they will contain important may obtain a free copy of the definitive proxy statement, any amendments or supplements to the proxy statement, and other documents that Sonim files with the SEC at no charge from the SEC's website at Copies will also be available at no charge on Sonim's website at Additional Information and Where to Find ItThis communication relates to the proposed transaction involving Sonim. This communication does not constitute a solicitation of any vote or approval. In connection with the proposed transaction, Sonim plans to file with the SEC a proxy statement (the "Proxy Statement") relating to a special meeting of its stockholders and may file other documents with the SEC relating to the proposed transaction, including a prospectus. This communication is not a substitute for the Proxy Statement or any other document that Sonim may file with the SEC or send to its stockholders in connection with the proposed transaction. Before making any voting decision, stockholders of Sonim are urged to read the Proxy Statement in its entirety when it becomes available and any other relevant documents filed or to be filed with the SEC and any amendments or supplements thereto and any documents incorporated by reference therein, because they will contain important information about the proposed transaction and the parties to the proposed Transaction. Any vote in respect of resolutions to be proposed at a stockholder meeting of Sonim to approve the proposed transaction or related matters, or other responses in relation to the proposed transaction, should be made only on the basis of the information contained in the Proxy Statement. Investors and security holders will be able to obtain the Proxy Statement and other documents Sonim files with the SEC (when available) free of charge at the SEC's website ( or at Sonim's investor relations website ( or by e-mailing Sonim to ir@ Participants in the SolicitationSonim and its respective directors, executive officers, and other members of their management and employees, including Peter Liu (Chief Executive Officer and a director), Clay Crolius (Chief Financial Officer), and Sonim's directors-James Cassano, Mike Mulica, Jack Steenstra, and Jeffrey Wang-under SEC rules, may be deemed to be participants in the solicitation of proxies of Sonim's stockholders in connection with the proposed may obtain more detailed information regarding Sonim's directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, under the captions "Directors, Executive Officers, and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management," and "Certain Relationships and Related Party Transactions" of Sonim's definitive proxy statement for the 2025 Annual Meeting filed with the SEC on June 18, subsequent updates following the date hereof to the information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the proposed Transaction, if and when they become available. These documents will be available free of charge as described above. Forward-Looking statementsThis communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the anticipated effects of the proposed transaction and the strategy of Sonim in connection with strategic alternatives, the growth of the AI market, the anticipated terms of the proposed transaction, and potential benefits of the proposed transaction to Sonim's stockholders. These forward-looking statements are based on Sonim's current expectations, estimates and projections, and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "achieve," "aim," "ambitions," "anticipate," "believe," "committed," "continue," "could," "designed," "estimate," "expect," "forecast," "future," "goals," "grow," "guidance," "intend," "likely," "may," "milestone," "objective," "on track," "opportunity," "outlook," "pending," "plan," "poised," "position," "possible," "potential," "predict," "progress," "promises," "roadmap," "seek," "should," "strive," "targets," "to be," "upcoming," "will," "would," and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: the ability of Sonim to meet expectations regarding the timing and completion of the proposed transaction; the possibility that the LOI will not result in the definitive agreement; the possibility that the conditions to the closing of the proposed transaction are not satisfied, including the risk that the required approvals are not obtained, the Sonim Legacy Business Sale does not close, and that Sonim's stockholders do not approve the proposed transaction; the challenges of maintaining Nasdaq listing and the potential necessity to implement a reverse stock-split in order to remain listed on Nasdaq; the occurrence of any event, change or other circumstances that could result in the definitive agreement (if ever executed) being terminated or the proposed transaction not being completed on the terms reflected in the definitive agreement, or at all; potential litigation relating to the proposed transaction; the risk that the proposed transaction and its announcement could have adverse effects on the market price of Sonim's common stock; the risk that the current board of directors of Sonim loses the proxy contest and the new directors' slate determines to terminate the proposed transaction (whether at the state of LOI or definitive agreement); the effect of the announcement of the proposed transaction on the ability of Sonim to retain key personnel and maintain relationships with customers and business partners; the risk of unexpected costs or expenses resulting from the proposed transaction and the LOI; and other risks and uncertainties, including those described under "Risk Factors" included in Sonim's most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law. To view the source version of this press release, please visit 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
28-05-2025
- Business
- Yahoo
What's Fueling Wall Street's 90-Day Optimism on Amphenol (APH)?
We recently published a list of . In this article, we are going to take a look at where Amphenol (NYSE:APH) stands against other AI stocks that are on analyst's radar today. On May 27, Citi raised the firm's price target on Amphenol (APH) to $100 from $85 and kept a 'Buy' rating on the shares. Amphenol Corporation designs, manufactures, and markets electrical, electronic, and fiber optic connectors. The firm also introduced a '90-day short-term positive outlook' on the stock, citing growing demand for connectors on NVLink Fusion. A team of technicians assembling a complex electrical connector in a factory environment. The analyst told investors in a research note that an improving artificial intelligence outlook and expansion of Nvidia's proprietary interconnect technology, NVLink, to other manufacturers is likely to improve the demand for current high-speed, low-latency connectors that are used in the existing Nvidia-based GB200 AI systems. This is good news for connector companies such as Amphenol, which has a leading share in the high-speed low low-latency interconnect market. Overall, APH ranks 8th on our list of AI stocks that are on analyst's radar today. While we acknowledge the potential of APH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-05-2025
- Business
- Yahoo
What's Fueling Wall Street's 90-Day Optimism on Amphenol (APH)?
We recently published a list of . In this article, we are going to take a look at where Amphenol (NYSE:APH) stands against other AI stocks that are on analyst's radar today. On May 27, Citi raised the firm's price target on Amphenol (APH) to $100 from $85 and kept a 'Buy' rating on the shares. Amphenol Corporation designs, manufactures, and markets electrical, electronic, and fiber optic connectors. The firm also introduced a '90-day short-term positive outlook' on the stock, citing growing demand for connectors on NVLink Fusion. A team of technicians assembling a complex electrical connector in a factory environment. The analyst told investors in a research note that an improving artificial intelligence outlook and expansion of Nvidia's proprietary interconnect technology, NVLink, to other manufacturers is likely to improve the demand for current high-speed, low-latency connectors that are used in the existing Nvidia-based GB200 AI systems. This is good news for connector companies such as Amphenol, which has a leading share in the high-speed low low-latency interconnect market. Overall, APH ranks 8th on our list of AI stocks that are on analyst's radar today. While we acknowledge the potential of APH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
