Broadcom Stock Soars on Custom AI Chip Momentum from Google's Gemini 3 Success
Broadcom gains as Google's acclaimed Gemini 3 AI model showcases custom chip potential, potentially challenging Nvidia's GPU dominance in AI infrastructure.
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Grindr Walks Away from $3.5B Buyout Deal Over Financing Concerns
Dating app Grindr ends take-private negotiations with major shareholders Ray Zage and James Lu, citing unclear financing for the $18/share deal valued at $3.46 billion.
JPMorgan Upgrades Baidu: Cloud and AI to Drive Growth
JPMorgan upgrades Baidu to Overweight, citing strong growth potential in cloud and AI, with a new price target of $188.
US Foods Ends Merger Talks with Performance Food Group, Announces $1.25B in Share Buybacks
US Foods terminates potential merger with Performance Food Group, reaffirms growth targets, and unveils $250M accelerated share repurchase plus new $1B buyback authorization.
Green Dot Splits into Two Companies in $690M Deal
Green Dot announces separation of fintech and banking operations through deals with Smith Ventures and CommerceOne Financial, valued up to $1.1 billion.
Wedbush Upgrades Carvana to Outperform as Shares Pull Back
Wedbush upgrades Carvana to Outperform with a new $400 price target, saying the recent pullback is overdone and offers a strong risk/reward opportunity.