Goldman Sachs Double Downgrades Best Buy to Sell, Cuts Price Target to $59
Goldman Sachs cut Best Buy to Sell, citing rising costs, weak demand, and slower growth hurting future sales and profits.
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Nike Shakes Up Innovation Team Again as Stock Hits 10-Year Low
Nike innovation chief leaves after less than a year amid falling sales, China struggles, and faster rivals; company reshuffles leadership.
Commvault Explores Sale After Takeover Interest from Thoma Bravo
Commvault may be sold as buyers show interest. Stock down on AI fears but revenue growing; Thoma Bravo among potential bidders.
TSMC Reports 35% Revenue Surge as AI Demand Stays Strong Despite Middle East War
TSMC sales jumped 35% as AI chip demand stays strong, easing fears of Middle East tensions slowing tech growth.
ServiceNow Hit by UBS Downgrade: Price Target Cut to $100
UBS downgraded ServiceNow to Neutral, citing AI competition worries; the stock is down sharply, but margins remain strong.
Anthropic Secures Major Compute Capacity from CoreWeave for Claude Expansion
Anthropic rents CoreWeave AI data centers with Nvidia chips to boost Claude’s speed, scale, and reliability as demand grows.