On Friday, FIIs sold domestic shares to the tune of Rs 4,440.47 crore while domestic institutional investors (DIIs) were net buyers at Rs 6,003.53 crore.

DIIs throwing around their weight on Friday, helped the benchmark indices end with gains though they were capped amid strong selling pressure in pharma & health stocks while financials helped bulls to ride the tide. While Nifty gained 64.60 points or 0.27% to close at 23,719.30, the BSE Sensex settled at 75,415.35, up 231.99 points or 0.31%.

Commenting on the current FII trends, Pabitro Mukherjee, Associate Vice President – Research at Bajaj Broking said the investor sentiment remains cautious due to persistent geo-political tensions, which continued to keep crude oil prices elevated.

“The Indian Rupee further weakened during the week, slipping to a fresh all-time low against the US Dollar. Meanwhile, a sharp rise in bond yields, driven by concerns over rising inflation and the possibility of prolonged higher interest rates, kept investors on edge. Overall, global uncertainty and macroeconomic headwinds led to cautious trading activity across the markets. Looking ahead, institutional flows are likely to remain sensitive to developments around US–Iran tensions, oil-price movement,” he said.

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Outlook

Bajaj Broking has said institutional activity is expected to be largely driven by global developments, going forward. The progress or deterioration of the U.S.–Iran negotiations will remain a key factor to monitor, he said, outlining significant implications for geopolitical stability and the potential impact on crude oil price volatility.

FIIs in 2026

War-induced sell-off in March made it the worst month this year, witnessing an exodus worth Rs 1,17,775 crore. April was not kind too, with outflows of Rs 60,847 crore. Foreign investors turned net buyers in February, buying shares worth Rs 22,615 crore in the domestic markets so far. In January, they sold Rs 35,962 crore worth of shares.

In 2025, the FIIs buying trends remained patchy, but the overall trend was bearish. They took Rs 1,66,286 crore from Indian markets as trade deal delay and premium valuations weighed on the sentiments.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

TORRANCE, Calif. — Navitas Semiconductor Corporation shares surged 19.98% to close at $29.25 on May 22, 2026, as the gallium nitride and silicon carbide power semiconductor specialist continued to benefit from momentum in artificial intelligence infrastructure and multiple analyst price target increases.

The stock traded as high as $29.54 during the session before pulling back slightly in after-hours trading to around $29.01. The move extended recent gains tied to the company’s pivot toward high-power markets.

Recent Analyst Actions

Several firms raised price targets in early May 2026. Needham increased its target to $21 from $13. Baird raised its target to $20 from $9. Morgan Stanley lifted its target to $12.50 from $4.20, and Rosenblatt moved to $13 from $7.

The company is scheduled to participate in upcoming investor conferences, contributing to positive sentiment.

Q1 2026 Financial Results

Navitas reported first-quarter 2026 revenue of $8.6 million on May 5, up 18% sequentially from $7.3 million in the fourth quarter of 2025 but down from $14.0 million in the year-ago period. The sequential increase was driven by higher contributions from high-power markets, including AI data centers, grid and energy infrastructure, and industrial electrification.

Non-GAAP gross margin expanded to 39.0%. The company reported a GAAP net loss of $33.8 million, or $0.15 per share, compared with a $16.8 million loss, or $0.09 per share, in the prior-year quarter. On a non-GAAP basis, the loss per share was $0.04, beating consensus estimates of $0.05.

For the second quarter of 2026, Navitas guided revenue to $10.0 million, plus or minus $0.5 million, representing sequential growth of over 16% at the midpoint. Non-GAAP gross margin is expected at 39.25%, plus or minus 75 basis points.

Strategic Shift to High-Power Markets

Navitas has focused on its “Navitas 2.0” strategy, emphasizing high-power GaN and SiC solutions for AI data centers and energy infrastructure while reducing exposure to lower-margin consumer and mobile segments. High-power markets represented a larger portion of revenue in the first quarter.

The company highlighted new 800V solutions for AI data centers and grid infrastructure at PCIM 2026. These include SST solutions for medium-voltage to high-voltage DC conversion and power delivery boards.

Partnerships and Product Developments

Navitas has secured design wins and partnerships supporting AI power efficiency. A partnership with Cyrient in India for GaN-based products targeted next-generation power applications, including AI infrastructure and industrial systems.

The company continues to advance its GeneSiC silicon carbide platform alongside GaNFast gallium nitride technology for data center and electrification needs.

Capital Markets Activity

In May 2026, Navitas completed a $122 million ATM equity offering and launched a new $125 million ATM program. It also filed a $250 million mixed securities shelf.

The company ended the first quarter with approximately $223.4 million in cash, cash equivalents and restricted cash.

Market Position

Navitas operates in the power semiconductor sector, competing in high-growth areas driven by AI power demands. The company’s technology focuses on efficiency improvements critical for data centers and renewable energy applications.

Shares have shown significant volatility in 2026, with strong year-to-date performance reflecting investor interest in AI-related power solutions. The stock has traded well above prior-year levels amid sector tailwinds.

Analyst Consensus

As of mid-May 2026, analysts maintained a range of ratings with upward revisions. Price targets varied widely, reflecting differing views on execution of the high-power strategy and revenue ramp.

Revenue forecasts for 2026 were upgraded by an average of 12% in recent weeks, according to some tracking services.

Broader Industry Context

Demand for efficient power semiconductors has risen with AI data center expansion. Navitas has positioned itself through product launches and customer engagements in energy infrastructure and performance computing.

The company added Gregory M. as a veteran independent director in early May to support its transformation.

Navitas plans to report second-quarter 2026 results in early August. Management has emphasized disciplined spending and R&D investment in high-power initiatives.

This report compiles information from company announcements, financial filings and market data available through May 22, 2026. Stock prices and projections remain subject to market conditions and future results.

NEW YORK — Intel Corp. and International Business Machines Corp. showed contrasting performances through mid-2026 as investors compared Intel’s semiconductor recovery efforts against IBM’s steady software, infrastructure and quantum computing progress.

As of May 22, 2026, Intel shares closed at $118.50. IBM shares closed at $252.97.

Intel reported first-quarter 2026 revenue of $13.6 billion, up 7% year-over-year. The Data Center and AI segment grew 22% to $5.1 billion. The company posted a GAAP net loss of $3.7 billion, or $0.73 per share, due to restructuring charges. Non-GAAP earnings per share were $0.29.

Intel guided second-quarter 2026 revenue between $13.8 billion and $14.8 billion. The company highlighted progress on its 18A process and AI CPU sales.

IBM posted first-quarter 2026 revenue of $15.9 billion, up 9% year-over-year, or 6% at constant currency. Software revenue reached $7.05 billion, up 11%. Infrastructure revenue increased 15% to $3.33 billion. Consulting revenue grew 4% to $5.27 billion.

IBM reported GAAP net income of $1.2 billion, or $1.28 per share. Operating non-GAAP earnings per share were $1.91. Free cash flow reached $2.2 billion. The company reiterated full-year 2026 expectations for more than 5% revenue growth at constant currency.

Valuation and Analyst Consensus

Analysts assigned Intel a consensus Hold rating with average price targets in the $70 to $81 range in some reports, though recent momentum pushed shares higher. Intel shares showed strong recovery from 2025 lows.

IBM carried a Moderate Buy consensus with an average 12-month price target near $294, suggesting potential upside. Some targets reached $360.

IBM showed higher revenue, earnings and net margins than Intel in the most recent quarter. IBM’s net margin was 15.61% compared to Intel’s negative figures in the period.

Business Strategies

Intel focused on regaining AI server share and advancing its foundry business under CEO Lip-Bu Tan. The company reported sold-out AI CPU capacity and explored partnerships, including with Tenstorrent. Challenges persisted in foundry profitability.

IBM emphasized hybrid cloud, Watsonx AI tools and quantum computing. The company announced plans for a U.S. quantum chip foundry and reported strong mainframe performance with the z17 model. Software and infrastructure drove growth.

Financial Metrics

Intel’s stock exhibited high volatility with a significant rebound in 2026. Operating cash flow in Q1 was $1.1 billion, with adjusted free cash flow negative due to capital expenditures.

IBM maintained stable financials with consistent profitability. Operating gross profit margin reached 57.7% in Q1 2026, up 110 basis points year-over-year.

Dividend and Returns

Both companies maintained dividends. IBM offered a yield around 3% with a history of consistent payments. Intel’s dividend faced scrutiny amid earlier losses but continued.

Risks and Outlook

Intel projected sequential revenue growth in client and data center segments for Q2, driven by supply and pricing. Risks included foundry execution and AI chip competition.

IBM projected continued software acceleration and free cash flow growth. Risks involved consulting execution and broader AI commercialization timelines.

Intel showed higher cyclical exposure compared to IBM’s enterprise focus. Stock movements in 2026 reflected these differences, with Intel displaying sharper rebounds.

Upcoming earnings include Intel in late July 2026 and IBM around July 22, 2026. Supply chain developments, AI adoption and quantum initiatives will influence both stocks through the remainder of 2026.

This comparison draws from company reports, analyst consensus and market data available through May 23, 2026. Investment decisions require individual assessment and professional advice. Actual results may vary based on economic conditions and execution.

This article was written by

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