AlphaValue lowers BNP Paribas target price to 101 euros

Foxconn Technology, a partner of Nvidia, reported better-than-expected quarterly revenue, indicating that global spending on artificial intelligence infrastructure remains high. For the three months ending in September, Foxconn's revenue reached 3.03 trillion New Taiwan dollars ($95.4 billions), a year-on-year increase of 47%, surpassing analysts' average estimate of 2.83 trillion New Taiwan dollars. Foxconn's strong sales growth follows Micron Technology's optimistic earnings outlook last week, further demonstrating that capital expenditure in the AI sector continues to rise. Meanwhile, industry executives such as OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have recently called for slowing the development of emerging AI technologies to ensure they remain under human control. As an assembly partner for Nvidia servers, Foxconn has benefited over the past two years from global cloud computing infrastructure construction. With rising concerns among investors about overcapacity, increasing debt levels, and regulatory hurdles, Foxconn's sales performance is also seen as an important indicator of the AI industry's overall health. The company’s share price has risen about 10% so far this year.

Spot platinum has just surpassed the $1,730.00/ounce mark, now trading at $1,730.50/ounce, up 1.78% on the day. The main Nymex platinum futures contract is now priced at $1,740.0/ounce, up 2.35% on the day.

ECB's Nagel: Central banks have ample reasons to diversify their assets into gold.

European Central Bank’s Nagel: The inflation outlook in the eurozone is mainly subject to upside risks.