The South Korean automotive giant is acquiring SoftBank's remaining stake in the U.S. robotics firm to accelerate the integration of advanced automation in its manufacturing facilities.
UBS analysts have increased their 12-month price target for Advanced Micro Devices to $700, citing growing confidence in the company's AI accelerator roadmap and potential for significant GPU revenue growth through 2027.
South Korea's benchmark KOSPI index plunged on Thursday, driven by a sharp sell-off in heavyweight semiconductor stocks like Samsung and SK Hynix. The decline brought the market close to the 8% threshold that would trigger a market-wide trading halt.
Tennessee-based nuclear fuel producer Standard Nuclear, Inc. has priced its initial public offering of 10 million shares at $15.00 each, targeting a $150 million capital raise before its market debut on the NYSE.
Shares of the Chinese short-video platform surged after UBS added the company to a key focus list, while ongoing share repurchases provided further support following a recent sell-off.
The U.S. Department of Justice has sentenced two former New York-based employees of TD Bank to prison for their roles in separate schemes involving money laundering and wire fraud, according to a recent statement.
U.S. stock futures were flat as softer-than-expected inflation data tempered Fed rate hike fears, but ongoing geopolitical tensions and a sell-off in semiconductor stocks capped investor sentiment.
The investment bank added the two tech giants to its China Global Equity Focus List and increased its portfolio weighting in Alibaba and Ping An, citing strong prospects in artificial intelligence and an improving competitive landscape.
Pharmaceutical giant Eli Lilly is reportedly in advanced negotiations to purchase AtaiBeckley, a developer of psychedelic therapies valued at around $2 billion. The potential deal would expand Lilly's neuroscience portfolio with a focus on treatment-resistant depression.
