Citi analysts have identified Lumentum, Ciena, and Keysight as top picks in the communications equipment sector, citing projections for data center capital expenditure to grow over 80% in 2026 due to AI demand.
JPMorgan raised its ratings on industrial firms 3M and Emerson Electric to Overweight from Neutral ahead of earnings, citing improving growth prospects, strong backlogs, and expanding margins.
The Latvian government is in negotiations with an undisclosed strategic investor to shore up the finances of state-controlled carrier airBaltic as it faces mounting debt pressures and a looming bondholder meeting.
Chinese regulators have directed automakers to enhance product safety, quality control, and the reliability of autonomous driving systems, warning against 'irrational competition' amid an intense market price war.
Wall Street's main indexes fell at Friday's open, led by a sharp drop in the Nasdaq as investors continued to sell off semiconductor stocks and reacted to a weak forecast from Netflix.
Shares of the fast-casual chain jumped more than 15% after federal officials linked a Cyclospora outbreak to a competitor's supplier, removing a major overhang that had pressured the stock.
The luxury automaker is in discussions for new funding secured by company assets, a move that has prompted a group of existing bondholders to organize over fears their claims could be weakened.
Chinese firm Moonshot AI has released Kimi K3, a 2.8-trillion-parameter model whose performance rivals top US systems, forcing Wall Street to reassess the global AI landscape and putting pressure on tech stocks.
Shares of Netflix plunged in pre-market trading, falling below a key technical support level after the streaming giant issued a weaker-than-expected forecast and announced changes to its reporting metrics.
