Marvell Technology shares climbed more than 7% in premarket trading on ​Monday after the chipmaker was ​set to join the benchmark S&P 500 at ​the end of June, in the latest boost to a stock that has surged recently.

Its shares have gained about 59% since May 27 after the company forecast its ‌custom-chip business ⁠would surpass $10 billion ⁠in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called Marvell the ​next “trillion-dollar company.”

Investors closely monitor FII activity, as foreign institutional investors typically enter markets only after extensive research. While it is important to observe where FIIs are increasing their exposure, their selling trends can be equally insightful. Among the BSE large-cap pack, FIIs have steadily reduced their stakes in about 106 large-cap companies over the past two quarters, December 2025 (October to December) and March 2026 (January to March).
Looking at stock performance over the last six months, the majority of these companies delivered negative returns. Notably, around 13 large-cap stocks fell between 25% and 40% during this period. On the other hand, three stocks still managed to rally over 40% despite continuous FII selling. (Data source: ACE Equity)

Bevirs Law has had a presence in the town since 1910

One of Swindon’s oldest law firms is relocating from its town centre offices, it has announced. Bevirs Law, which has had a presence in the town since around 1910, has moved from Regent Circus to Newbridge Square.

The firm says the move will mean it has the capacity to expand its team and accommodate future growth.

“The move provides the firm with a more suitable, modern environment designed around a layout aimed at fostering closer team collaboration and improved communication across the firm’s legal departments,” the company said.

Newbridge Square is based by the new bus boulevard interchange and the train station.

“Moving from Regent Circus to Newbridge Square marks an exciting new chapter,” said Bevirs Law partner Claire Webb, who led the relocation project.

“The new layout is already making a noticeable difference to how our team interact and collaborate on a daily basis. Just as importantly, this new space gives us the room to expand.”

Bevirs Law was founded almost 150 years ago and is headquartered in Royal Wootton Bassett, with an office in Calne as well as Swindon.

There are 14 team staff based in the Swindon office across three departments: family care, private client and litigation. The firm is currently recruiting for its private client team, conveyancing team and commercial property team.

“Being situated right next to the new bus boulevard interchange and closer to the train station also means we are now in a highly accessible, central location that makes travelling to us much easier for our clients and staff alike,” added Ms Webb.

Rowan Burger

Good morning, everyone, and a very warm welcome to the Momentum Group Capital Markets Day 2026. My name is Rowan Burger. I’m Head of Strategic Finance, together with Mulalo Liphosa and [indiscernible], who are part of our Investor Relations team. And for those of you joining us online virtually, I’m very pleased to have you with us.

Please do participate online in the question session. Do not feel that you are not part of the occasion. And also, I’d like to extend a special welcome, not quite see all of them right now, but to our Africa chair people and the CEOs, they’re here to spend an Africa Chairperson’s Day with Jeanette tomorrow. So it’s nice for you to sort of spend some time with our investors and get to know a little bit more about the group.

Today, we have a very full program running from 9:00 this morning, a little bit after that until half past 4:00. We’ve designed this because we like you to interact with our executives. So with that in mind, we’ve tried to

Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, used her platform at the ET Alpha Summit to lay out a bold, long-term case for India, and to make a powerful argument for a new category of investment product that most retail investors are still waking up to. Talking to Kshitij Anand at the sidelines of the summit, Gupta talked about how financialisation of savings, defence and energy, and premium consumption are the structural trends that will define Indian wealth creation over the next 10 years.

Why Radhika Gupta is India’s biggest SIF bull

Specialised Investment Funds (SIFs) are designed to sit between mutual funds and portfolio management services, and Gupta, whose firm is currently the largest SIF manager in India, believes they solve a problem that no other product currently addresses well.
Her framework is simple. Every financial product succeeds only if it meets a genuine need. SIFs, she argues, deliver on three fronts: lower dependence on market beta, higher potential for alpha, and superior tax efficiency, a structure deliberately enabled by SEBI.

The real-world proof is in Edelweiss’s own launch. Their first SIF under the Altiva brand, designed to generate 9–10% pre-tax returns with capital gains efficiency over an 18 to 24-month horizon, is on track to become the fastest fund in the firm’s history to hit ₹5,000 crore in AUM.

“If you meet a need correctly, there is demand for it,” Gupta said. She added that she personally invested in the SIF for her own portfolio when she needed a two-year, low-equity-risk allocation, the strongest possible endorsement from a fund house CEO.

India’s economic case remains intact

On the broader economy, Gupta is measured but constructive. India is a 6–8% real growth economy, translating to 10–12% nominal growth, still among the fastest-growing major economies globally, even accounting for geopolitical headwinds, oil price volatility, and tariff-related uncertainty.
Her long-term bull case rests on four pillars: favourable demographics, continued economic reforms, deepening financialisation of household savings, and Indian entrepreneurship. She cited research showing that replacing American CEOs of S&P 500 companies with Indian CEOs would statistically generate alpha, a proxy for the quality of Indian management talent globally.

The 3 sectors to watch over the next decade

Gupta named three structural themes she believes will drive wealth creation in India through the 2030s.

Financialisation of savings: India’s asset management, wealth management, and capital markets ecosystem is still in its early stages. Mutual fund penetration remains low relative to GDP, and the runway for growth is significant.

Defence and energy: India’s defence indigenisation push and rising power consumption are long-duration structural trends with decades of investment ahead.

Premium and discretionary consumption: India has just 0.2 hotel rooms per thousand people against 15 in the US. Hospital beds stand at 0.4–0.5 per thousand, compared to 3–5 in developed markets. The gap between India’s aspiration and its infrastructure in tourism, healthcare, and experiential spending is enormous, and closing it will generate substantial wealth for investors positioned early.

A ₹600 crore revenue event from a single Coldplay concert in Ahmedabad, she noted, is a signal of where young India is heading.

NEW YORK — Teradyne Inc. (NASDAQ: TER) has emerged as a key beneficiary of the artificial intelligence boom in 2026, with strong demand for its semiconductor test equipment driving revenue growth and positioning the company as a critical player in the advanced chip supply chain.

As of early June 2026, shares trade around $148 after a solid year-to-date performance. The stock has benefited from rising AI infrastructure spending and broader semiconductor recovery, though it has experienced volatility typical of the technology hardware sector amid shifting investor sentiment.

Teradyne reported robust first-quarter 2026 results, with revenue increasing significantly year-over-year, led by its Systems Test Group and Semiconductor Test divisions. The company highlighted strong orders for high-performance computing and AI-related test solutions, reflecting robust demand from major chipmakers expanding production of advanced processors.

Analysts maintain a generally positive outlook. Consensus ratings lean toward Moderate Buy, with average 12-month price targets suggesting modest upside from current levels. Some firms have raised targets citing Teradyne’s leadership in testing high-bandwidth memory and complex system-on-chip designs essential for AI applications. Optimistic forecasts point to continued growth as data center buildouts accelerate.

The bullish case centers on secular tailwinds. Teradyne’s equipment is vital for ensuring quality and reliability in cutting-edge semiconductors used in AI training, autonomous vehicles and 5G infrastructure. As chip complexity increases, the need for sophisticated testing solutions grows, providing Teradyne with pricing power and sustained demand. The company’s diversification into robotics and industrial automation further supports long-term stability.

Management has expressed confidence in the outlook, emphasizing investments in next-generation test platforms and strategic acquisitions that enhance its technology portfolio. Strong free cash flow generation supports ongoing R&D, shareholder returns through dividends and potential share repurchases.

However, risks remain significant for potential buyers. The semiconductor industry is inherently cyclical, and any slowdown in AI spending or broader technology capex could pressure results. Competition from established players and emerging challengers adds execution risk. Valuation has expanded with recent gains, leaving limited margin for error if growth moderates.

For sellers or those on the sidelines, near-term uncertainty around global economic conditions and potential inventory corrections in the supply chain warrants caution. While fundamentals appear solid, elevated multiples reflect high expectations that could lead to volatility on any disappointing updates.

Investment decisions in 2026 hinge on several factors. Sustained AI investment by hyperscalers and semiconductor foundries supports a constructive view. Teradyne’s exposure to automotive electronics and industrial markets provides additional diversification beyond pure AI plays. Strong balance sheet and operational discipline further bolster resilience.

Broader market context includes ongoing technology sector rotation and macroeconomic influences. Interest rate trajectories and geopolitical developments affecting supply chains remain key variables. Teradyne’s performance has shown positive correlation with AI-related names but with lower volatility than pure memory or processor manufacturers.

Analyst sentiment has improved with recent earnings beats and upward revisions to forecasts. Institutional ownership remains healthy, reflecting confidence among professional investors. The company’s ability to deliver on guidance and maintain market share in critical test segments will be closely monitored.

For growth-oriented investors comfortable with technology cyclicality, selective buying on weakness may appeal. Conservative portfolios might prefer smaller positions or waiting for clearer confirmation of sustained AI demand. Diversification across semiconductor subsectors or technology hardware can help manage company-specific risks.

Teradyne’s long history of innovation in test and measurement positions it well for evolving industry needs. From traditional chip testing to advanced system-level solutions for AI and high-performance computing, the company continues adapting to technological shifts while maintaining strong profitability metrics.

As the year progresses, upcoming quarterly results and industry conferences will provide further insight into demand trends and competitive dynamics. Teradyne’s management team has a track record of prudent capital allocation and strategic foresight that supports long-term value creation.

Investors should weigh the compelling growth narrative against valuation and cyclical risks. Patient capital betting on continued AI expansion and semiconductor complexity may find current levels attractive, while others monitor for more favorable entry points during periods of market volatility.

Teradyne represents a high-quality play on the semiconductor ecosystem with particular strength in testing solutions essential for next-generation chips. Its diversified end-market exposure and technological leadership provide a solid foundation for navigating industry cycles while capitalizing on structural growth drivers.

The coming quarters will test the company’s ability to convert strong demand into consistent execution while managing supply chain and competitive pressures. For those aligned with its thesis, Teradyne offers meaningful participation in the AI infrastructure buildout and broader technology advancement. Prudent risk management and ongoing fundamental analysis remain essential for any investment decision.