Shares of Coca-Cola have surged 20% year-to-date, prompting investors to weigh the company's strong pricing power and growth from its Fairlife brand against a high valuation and emerging operational risks.
Mizuho analysts recommend buying the recent dip in Synopsys and Cadence, arguing that the market has overreacted to a new Chinese AI model which they see as a catalyst, not a competitor, for the electronic design automation sector.
The Greek stock market closed slightly higher on Monday, with the Athens General Composite index gaining 0.11%, supported by advances in the banking, construction, and travel sectors.
Alphabet is developing a new server chip, dubbed 'Frozen v2,' that embeds parts of its Gemini AI model directly into the hardware to boost efficiency, according to a report from The Information. The news sent Alphabet shares up 3.3%.
SpaceX shares have fallen more than 10% below their IPO price, and investors are now bracing for a major lockup expiry in early August that could release $123 billion worth of shares into the market.
Israel's benchmark TA-35 index ended Monday's session down 0.11%, as losses in banking, financial, and insurance stocks offset gains in other sectors. The broader market saw more declining stocks than advancing ones.
Norway's benchmark stock index, the Oslo OBX, ended Monday's session in negative territory, weighed down by losses in the media, transport, and diversified financials sectors. The index fell 0.35% amid broader market declines.
Shares of the AI infrastructure company jumped over 10% after it signed a second major lease, fully contracting its 1-gigawatt Beacon Point campus and bringing its total portfolio contract value to $26.6 billion.
The biopharmaceutical firm's shares declined after it filed to sell up to $150 million in stock through an at-the-market program, a move that could dilute existing shareholders. Proceeds are earmarked for the potential launch of its Viaskin Peanut allergy treatment.
