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Iraqi authorities stated that the Hamlin oil field aims to achieve a production capacity of 140,000 barrels per day and an average daily natural gas production of 40 million cubic feet.

2026-07-09

Iraqi authorities stated that the Hamlin oil field aims to achieve a production capacity of 140,000 barrels per day and an average daily natural gas production of 40 million cubic feet.

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2026-07-09

FTSE China A50 Index futures rose 3%.

FTSE China A50 Index futures rose 3%.
2026-07-09

NVIDIA has materially underperformed the broader chip sector year-to-date, but BofA calls the weakness a more attractive buy than a risk signal. Analyst Vivek Arya concedes real investor concerns — notably rising HBM costs — but says the market has o

NVIDIA has materially underperformed the broader chip sector year-to-date, but BofA calls the weakness a more attractive buy than a risk signal. Analyst Vivek Arya concedes real investor concerns — notably rising HBM costs — but says the market has overreacted and underestimated NVIDIA's pricing power, scale and roughly $119 bln of supply commitments. He expects next‑generation Rubin pricing could be meaningfully higher than current Blackwell products, allowing the company to offset higher HBM costs and sustain gross margins in the mid‑70s pct range. Arya also downplays custom‑chip competition (e.g., Google/Broadcom TPU), noting TPU has existed for >10 years while NVIDIA GPU revenue grew ~700x; he projects NVIDIA will capture about 65–70% of hyperscaler AI infrastructure spend over the long term. NVIDIA trades at a forward P/E of ~18.69x, roughly half its 10‑year average and near an 11‑year trough.
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