BofA Upgrades CoreWeave to Buy with $100 Price Target
BofA reinstated CoreWeave (CRWV) at Buy, citing strong AI demand, proprietary software, and key partnerships with Nvidia and OpenAI in the $79B AI infrastructure market.
NOTRELOAD AI
Smithfield Beats Wall Street Again: Record Profits, Holiday Meat Boom, and Nathan’s Deal Fuel Growth
Smithfield Foods crushed Q4 expectations with strong sales and profit growth, fueled by packaged meats demand and cost savings. Shares jumped 8% premarket as the company raised its 2026 dividend.
Gilead Acquires Ouro Medicines for $2.18 Billion to Boost Autoimmune Pipeline
Gilead to acquire Ouro Medicines for $1.675B upfront + $500M milestones, adding clinical-stage BCMAxCD3 therapy gamgertamig for severe autoimmune conditions. Partnership with Galapagos announced.
Japan’s SMFG Moves Closer to Buying Jefferies
Sumitomo Mitsui (SMFG) is preparing a possible full takeover of Jefferies as the US investment bank’s shares fall 40%.
Apollo Limits Redemptions in Major Retail BDC Amid Private Credit Outflow Wave
Apollo Global limits withdrawals to 5% in Apollo Debt Solutions after 11.2% redemption requests hit private credit funds amid investor anxiety.
"We Either Build Terafab or We Don't Have the Chips": Musk's Massive Austin Fab to Deliver 1 Terawatt of Compute Yearly
Elon Musk announces Terafab, a $20-25B Tesla-SpaceX-xAI joint venture to build the world's largest chip fab in Austin, targeting 1 terawatt of AI compute yearly for robots, cars, and space.