Shares of Nebius Group rallied after Freedom Capital upgraded the stock to Buy, citing a more attractive valuation following a recent pullback. The firm also raised its price target to $200, pointing to strong fundamentals ahead of Q2 earnings.
Taiwan has indicted a former employee of chip giant TSMC for allegedly stealing sensitive trade secrets, marking the first prosecution under laws protecting the island's 'national core technologies.'
Bank of America Securities has restarted coverage on four European business services firms, initiating Buy ratings on Experian, Rentokil, and D'Ieteren, while assigning an Underperform rating to distributor Bunzl.
Semiconductor companies are projected to deliver nearly half of the S&P 500's second-quarter profit growth, but the sector's recent sharp downturn and heightened volatility have investors questioning if even blockbuster earnings can sustain the AI-driven rally.
Shares of distribution and outsourcing company Bunzl PLC fell after Bank of America initiated coverage with a bearish outlook, citing valuation concerns and the impact of M&A charges on its reported earnings.
Shares of distribution and outsourcing group Bunzl declined after Bank of America reinstated coverage with a bearish outlook, citing valuation concerns and the impact of M&A accounting on the company's reported earnings.
The launch of a powerful new AI model from Chinese startup Moonshot AI is expected to significantly increase demand for high-capacity memory, benefiting major suppliers like SK Hynix and Samsung Electronics, according to market analysis.
Shares of the Swiss HVAC component manufacturer fell sharply after the company warned of slowing growth in the second half of the year, despite reporting first-half results that surpassed analyst estimates.
Strategists at JPMorgan argue that the recent 20-50% pullback in AI-related semiconductor stocks presents a compelling tactical opportunity, citing a disconnect between falling prices and resilient earnings fundamentals.
