#citi

US Top News and Analysis | This metal just set a new record, boosted by AI data center demand. Citi says it’s time to 'chase the move higher' AI generated summary, Read the full article for complete information. Copper has hit fresh all‑time highs as demand from artificial‑intelligence data centers surges, with July‑dated futures finishing up 1.09% at $6,531 per metric ton and the London Metal Exchange price reaching a record $14,021 per metric ton. Citi strategist Charlie Massy‑Collier says the rally reflects both the energy‑transition and AI‑driven demand that has driven virtually all copper growth since 2022, as well as strategic inventory stockpiling that could further lift prices. He views the recent breakout above $13,500 as confirmation that a strengthening macro backdrop can sustain higher prices and projects copper could climb to around $15,000 per metric ton, about 7% above the latest close. To capitalize on the move, Massy‑Collier is purchasing a digital LME copper call option with a $15,250 strike expiring on Aug 5. Read more: https://www.cnbc.com/2026/05/12/this-metal-just-set-a-new-record-boosted-by-ai-data-center-demand.html #citi #LondonMetalExchange #AI #CharlieMassy_Collier

US Top News and Analysis | Amazon posted a blowout quarter. Why the Street says this is only the start of the stock's strong run AI generated summary, Read the full article for complete information. Amazon.com reported a strong first‑quarter earnings beat, posting $181.52 billion in revenue—above the $177.3 billion forecast—and earnings of $2.78 per share versus the $1.64 consensus estimate. AWS accelerated 28% quarter‑over‑quarter, driven by AI‑related workload shifts and its Trainium chip, while the company lifted its second‑quarter revenue outlook to $194‑199 billion. Although the stock initially rose more than 4% before retracing, analysts were upbeat: Barclays raised its target to $330, Citi to $285, Morgan Stanley to $330, Bernstein to $315, BofA to $310, Mizuho to $325, and Canaccord to $330, citing AWS’s AI‑driven growth, a robust retail business, expanding margins, and a strong backlog that position Amazon as a leading AI and e‑commerce player. Read more: https://www.cnbc.com/2026/04/30/amazon-had-a-blowout-quarter-the-street-sees-start-of-a-strong-run.html #Amazon #AWS #Barclays #Citi #MorganStanley #Microsoft #Alphabet #Meta #OpenAI #Mizuho #

US Top News and Analysis | Citi UK CEO: 'Phenomenal' market resilience is keeping recession risk at bay — for now AI generated summary, Read the full article for complete information. Citi UK CEO Tiina Lee told CNBC’s “Squawk Box Europe” that a recession is not her base‑case scenario and she expects global growth to stay fairly resilient through 2026, driven by a surprisingly strong U.S. economy and robust opportunities in AI, data‑infrastructure and energy, alongside record‑high M&A activity. While she warned that a prolonged Middle‑East conflict could push Brent crude above $120‑$150 a barrel and alter market dynamics, she remains confident in the durability of growth, noting North America as a crucial export market for multinational, especially Chinese, firms and highlighting the potential of UK‑China collaboration in clean‑energy, battery production and financial services. Read more: https://www.cnbc.com/2026/04/28/citi-tiina-lee-iran-recession-war-ai-data-energy-markets-economy.html #Citi #TiinaLee #NorthAmerica #ArtificialIntelligence