Section
The latest stocks coverage from the TrustFinance editorial desk.
Morgan Stanley raised its rating on the payments processor to Overweight from Equal-weight and boosted its price target to $100, citing an attractive valuation and signs of improving performance at its Worldpay unit.
According to a Bank of America note, private health-tech firm OpenEvidence has doubled its annualized revenue to nearly $300 million, signaling increased competitive pressure on rival Doximity (NYSE: DOCS) in the pharmaceutical advertising market.
Tempus AI announced it will acquire cancer diagnostics firm Personalis for approximately $1.5 billion, a strategic move to integrate Personalis's testing capabilities into its artificial intelligence platform.
IREN Limited (NASDAQ:IREN) saw its stock rise after announcing $2.8 billion in new AI cloud service contracts and increasing its 2026 annualized revenue target to over $4 billion, citing strong demand.
The British startup secured backing from investors including the UK government and Jeff Bezos's fund to develop its AI platform for creating novel materials for the semiconductor and clean energy industries.
Redwire Corporation (NYSE: RDW) announced a major expansion of its Huntsville, Alabama campus to scale up production of unmanned aircraft and space infrastructure, a move that sent its shares up 3%. The project is supported by $8.5 million in local incentives and is expected to create 150 jobs.
A growing number of governments and regulators are imposing moratoriums and restrictions on new data center construction. The measures address mounting concerns over the immense strain the AI-powered facilities place on electricity grids, water supplies, and land.
Domino's Pizza shares rallied after beating lowered second-quarter expectations, while Hut 8 jumped on a multi-billion dollar data center lease, highlighting key drivers as investors brace for a heavy week of corporate earnings.
Shares of Robinhood Markets (HOOD) gained in pre-market trading, supported by a series of positive analyst actions, including a notable price target increase from Goldman Sachs, as investors anticipate the company's quarterly results.
