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An Hour AgoChina’s manufacturing facility exercise expands in March, shocking expectations China’s manufacturing facility exercise expanded in March, snapping a five-month streak in contraction territory and shocking expectations.The nation’s manufacturing buying supervisor’s index got here in at 50.8, in keeping with official knowledge.This compares with the 49.1 seen in February and the 49.9 anticipated by the Reuters ballot, which represents a contractionary determine.Individually, non-manufacturing PMI rose to 53.0, up from the 51.4 seen in January.— Lim Hui JieAn Hour AgoChina’s manufacturing facility exercise expands in March, shocking expectations China’s manufacturing facility exercise expanded in March, snapping a five-month streak in contraction territory and shocking expectations.The nation’s manufacturing buying supervisor’s index got here in at 50.8, in keeping with official knowledge.This compares with the 49.1 seen in February and the 49.9 anticipated by the Reuters ballot, which represents a contractionary determine.Individually, non-manufacturing PMI rose to 53.0, up from the 51.4 seen in January.— Lim Hui Jie2 Hours AgoCNBC Professional: This funds agency has Nvidia-like revenue margins and is extra sustainable, says fund managerThe fast rise in Nvidia’s share value amid the bogus intelligence hype has left some traders questioning the sustainability of the corporate’s valuation.With the inventory buying and selling at a lofty 2.5% free money move (FCF) yield for subsequent yr, some traders are urging warning. Traditionally, Nvidia traded at a 4% FCF yield earlier than the pandemic.As a substitute, Hannah Gooch-Peters, world fairness funding analyst at Sanlam Investments, believes there are different shares with a 60% working revenue margin, like Nvidia’s, which can be extra sustainable as funding alternatives.CNBC Professional subscribers can learn extra right here.— Ganesh Rao2 Hours AgoCNBC Professional: AI is power-intensive. Prime Morgan Stanley portfolio supervisor says that is a chance for one stockMany tech firms are quickly growing infrastructure for synthetic intelligence as they compete for dominance on this red-hot market.AI may be very power-intensive — and its energy wants are solely set to rise within the coming years.Morgan Stanley Funding Administration’s Aaron Dunn names one inventory to play the pattern.CNBC Professional subscribers can learn extra right here.— Weizhen Tan

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