BlackRock Says Super-Rich Want Private Credit as PE Lags
Family offices want more of the private credit boom.
More than half of 175 family offices around the world are optimistic about private credit and almost one-third said they intend to increase allocations to the asset this year, the most of any type of alternative investment, according to a survey released Tuesday by BlackRock Inc. The super-wealthy also are increasingly bullish about infrastructure investing, with 30% saying they plan to commit more of their money to the market.
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Undervalued and Profitable: 2 Artificial Intelligence (AI) Stocks for Long-Term Portfolios
These companies supply critical components required in AI data centers and chips. These chipmakers are growing fast, and their remarkably cheap valuations make them worth buying right now. Both companies should keep growing at healthy rates long term, thanks to the AI-focused markets they serve. 10 stocks we like better than Micron Technology › A tried and tested way of making money in the stock market is by buying great companies that are tapping into a growing trend that also trade at attractive valuations and holding them for the long run. This strategy allows investors to benefit from secular growth opportunities and disruptive trends, as well as take advantage of the power of compounding. Artificial intelligence (AI) is turning out to be one such secular and disruptive trend that has the ability to supercharge the growth of many companies in the long run because of its ability to contribute trillions of dollars to the global economy. There are two companies benefiting big-time from the proliferation of AI. They also happen to be profitable and undervalued when we consider their impressive growth rates. They are Marvell Technology (NASDAQ: MRVL) and Micron Technology (NASDAQ: MU). Let's see why buying and holding these two names for the long run could turn out to be a smart move. AI has brought about a major turnaround in Marvell Technology's fortunes. The company, which manufactures application-specific integrated circuits (ASICs) and networking chips, finished fiscal 2025 (which ended on Feb. 1) with revenue growth of just 5% to $5.77 billion. Its generally accepted accounting principles (GAAP) net loss for the year stood at $1.02 per share. The company's tepid performance last year was the result of weakness in multiple end markets such as enterprise networking, carrier infrastructure, and consumer devices. However, the story has changed remarkably in the first quarter of fiscal 2026. Marvell's revenue for fiscal Q1 (which ended on May 3) shot up a remarkable 63% year over year to $1.89 billion. The company reported a GAAP net income of $0.20 per share as compared to a loss of $0.25 per share in the year-ago period. AI played a central role in driving this terrific turnaround as the demand for Marvell's custom AI processors increased dramatically, leading to a 76% year-over-year increase in its data center revenue to $1.44 billion. CEO Matt Murphy remarked on Marvell's May earnings conference call, "These strong results, along with our second-quarter guidance, are being driven by the rapid scaling of our custom AI silicon programs to high-volume production, along with robust shipments of our electro-optics products for AI and cloud applications." Importantly, Marvell expects its robust data center momentum to continue in the current and the next fiscal year, as well as in the long run. The company points out that it is deeply engaged with its AI customers for developing custom chips, and the good part is that they are working with Marvell to develop the next generation of custom AI processors as well. This explains why the company is confident it can sustain its AI-powered growth in the long run. Moreover, Marvell's focus on pushing the envelope on the product development front is expected to help it land a bigger share of the fast-growing custom AI processor market. The company pointed out last year that its AI-focused addressable market could grow to $75 billion in 2028 from $21 billion in 2023. It controlled 10% of this market at the end of 2023, according to its own estimates. However, third-party estimates suggest that Marvell's share of custom AI chips increased to 15% last year. Looking ahead, the company is aiming to capture more than 20% of this market. That could bring its AI revenue to more than $7.5 billion in the next three fiscal years (based on the $75 billion end-market estimate), which would be a major improvement over its fiscal 2025 AI revenue of over $1.5 billion. So, AI is set to move the needle in a big way for Marvell Technology going forward, allowing it to maintain healthy earnings growth levels. Marvell stock trades at just 22 times earnings right now. It makes sense to buy this semiconductor stock hand over fist since it is available at a solid discount to the tech-laden Nasdaq-100 index's earnings multiple of 31. The long-term opportunity in the custom AI chip market could help the chipmaker maintain elevated growth levels for a long time to come. Micron Technology made its name by supplying compute and storage memory chips that are used in computers and smartphones. The company got a serious boost recently from the deployment of some of its products in AI data centers. The high-bandwidth memory (HBM) manufactured by Micron plays a key role in AI accelerators such as graphics processing units (GPUs) and custom processors as it can transfer data at high speeds while keeping power consumption in check when compared to traditional memory. HBM ensures that a lot of data can be transferred quickly at low latency so that AI workloads can run smoothly. Not surprisingly, the size of the HBM that's being packed by AI chip designers into their accelerators is increasing. AMD, for instance, has increased the HBM capacity of its latest MI350 series of AI accelerators to 288 gigabytes (GB) from 256 GB on the previous MI325 series processors. The company plans to equip its next generation of MI400 accelerators with a whopping 432 GB of HBM next year. Even custom AI chip manufacturers such as Marvell and Broadcom are equipping their chips with HBM to speed up AI workloads and improve power efficiency. Not surprisingly, the HBM market's revenue is expected to soar to $86 billion in 2030 from just $1.8 billion in 2023, clocking a compound annual growth rate (CAGR) of 68%. Meanwhile, the adoption of AI in the smartphone and PC markets is going to be another tailwind for Micron, driving both volume and unit growth for the company. That's because AI-capable smartphones and PCs are equipped with more compute and storage memories, which should expand Micron's addressable market at a nice pace in the future. The good part is that the AI-driven growth of the memory market has already supercharged Micron's growth. Its revenue in the first six months of the current fiscal year has increased by 59% from the year-ago period. Moreover, Micron has swung to a GAAP profit of $3.08 per share in the first half of the fiscal year from a loss of $0.40 per share in the year-ago period. Consensus estimates expect Micron to deliver an impressive 439% jump in adjusted earnings this year to $7 per share, followed by a 58% increase next year. Micron stock trades at just 11 times forward earnings right now. So, buying this AI stock looks like a no-brainer as the bright prospects of the memory market could help it sustain healthy earnings growth levels in the long run as well, paving the way for more upside. Before you buy stock in Micron Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Micron Technology wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool recommends Broadcom and Marvell Technology. The Motley Fool has a disclosure policy. Undervalued and Profitable: 2 Artificial Intelligence (AI) Stocks for Long-Term Portfolios was originally published by The Motley Fool 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
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Best CD rates today, June 21, 2025 (best account provides 4.4% APY)
Find out how much you could earn by locking in a high CD rate today. The Federal Reserve cut its federal funds rate three times in 2024, so now could be your last chance to lock in a competitive CD rate before rates fall further. CD rates vary widely across financial institutions, so it's important to ensure you're getting the best rate possible when shopping around for a CD. The following is a breakdown of CD rates today and where to find the best offers. Generally, the best CD rates today are offered on shorter terms of around one year or less. Online banks and credit unions, in particular, offer the top CD rates. As of June 21, 2025, the highest CD rate is 4.4% APY, offered by Western Alliance Bank on its 3-month CD. There is a $1 minimum opening deposit required. Here is a look at some of the best CD rates available today: This embedded content is not available in your region. The amount of interest you can earn from a CD depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (CD interest typically compounds daily or monthly). Say you invest $1,000 in a one-year CD with 1.81% APY, and interest compounds monthly. At the end of that year, your balance would grow to $1,018.25 — your initial $1,000 deposit, plus $18.25 in interest. Now let's say you choose a one-year CD that offers 4% APY instead. In this case, your balance would grow to $1,040.74 over the same period, which includes $40.74 in interest. The more you deposit in a CD, the more you stand to earn. If we took our same example of a one-year CD at 4% APY, but deposit $10,000, your total balance when the CD matures would be $10,407.42, meaning you'd earn $407.42 in interest. Read more: What is a good CD rate? When choosing a CD, the interest rate is usually top of mind. However, the rate isn't the only factor you should consider. There are several types of CDs that offer different benefits, though you may need to accept a slightly lower interest rate in exchange for more flexibility. Here's a look at some of the common types of CDs you can consider beyond traditional CDs: Bump-up CD: This type of CD allows you to request a higher interest rate if your bank's rates go up during the account's term. However, you're usually allowed to "bump up" your rate just once. No-penalty CD: Also known as a liquid CD, type of CD gives you the option to withdraw your funds before maturity without paying a penalty. Jumbo CD: These CDs require a higher minimum deposit (usually $100,000 or more), and often offer higher interest rate in return. In today's CD rate environment, however, the difference between traditional and jumbo CD rates may not be much. Brokered CD: As the name suggests, these CDs are purchased through a brokerage rather than directly from a bank. Brokered CDs can sometimes offer higher rates or more flexible terms, but they also carry more risk and might not be FDIC-insured. This embedded content is not available in your region.
Yahoo
43 minutes ago
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India's Dhunseri Group to expand packaging films business
India-based Dhunseri Group is set to invest over Rs22bn ($254.4m) by the financial year 2028-29 to enhance its flexible packaging films business through both greenfield and brownfield projects, says Business Standard. The investment aims to expand production capacity and cater to the growing market demand. For the greenfield project in Kathua, Jammu and Kashmir, the group has earmarked an investment of about Rs12.4bn. Additionally, approximately Rs10bn will be allocated for the brownfield project at Panagarh in West Bengal. These expansions are expected to be carried out by Dhunseri Poly Films (DPFPL), a wholly-owned subsidiary of Dhunseri Ventures. Dhunseri Poly Films will expand its operations at Panagarh by installing at least two new production lines, one for biaxially oriented polyethylene terephthalate and another for biaxially oriented polypropylene (BOPP). The company already operates a unit at Panagarh. The capital expenditure for the new lines at the Panagarh facility is expected to be financed with a debt-equity ratio of 70:30. These lines are expected to be operational by 2029. The Panagarh plant, which commenced commercial production in December 2023, is now poised for further growth. The company will add two BOPP plants at Kathua. The commercial production from the greenfield plant at Kathua is expected to commence in 2027. Dhunseri Poly Films serves the domestic market while also exporting to Europe, Bangladesh, and Nepal, with these regions being the major overseas markets. For the financial year 2025, Dhunseri Ventures reported a net profit of Rs142.9bn and a revenue of Rs480.4bn, indicating a strong financial position to support the planned investments. "India's Dhunseri Group to expand packaging films business" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
