Morgan Stanley Lowers Tesla Rating Despite Long-Term Optimism
Morgan Stanley downgrades Tesla to Equal Weight, citing high valuation and cautious EV outlook, even as it sees long-term leadership in autonomy, energy, and robotics.
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IBM Acquires Confluent for $11B to Power AI Applications
IBM announces $11 billion acquisition of Confluent to create a comprehensive data streaming platform for enterprise AI and real-time applications.
Intel May Manufacture Apple's iPhone Chips Starting in 2028
Intel could start producing non-Pro iPhone chips by 2028 using its 14A process, marking a major shift in Apple's manufacturing strategy while maintaining in-house chip design.
Anheuser-Busch Buys Majority Stake in BeatBox RTD Brand
Anheuser-Busch acquires 85% of BeatBox, a fast-growing ready-to-drink beverage brand, for up to $490M to expand its Beyond Beer portfolio with bold Party Punch flavors.
SoftBank Eyes DigitalBridge Acquisition to Boost AI Infrastructure Play
SoftBank is negotiating to buy DigitalBridge, a $108B private equity firm focused on data centers, as part of its aggressive AI infrastructure expansion strategy.
Needham Initiates Buy on Centrus Energy with $357 Price Target
Needham starts coverage of Centrus Energy with a Buy rating, highlighting its role in U.S. nuclear fuel security and strong growth potential.