Nokia Becomes an Optical Powerhouse: BofA Upgrades Stock to Buy
Bank of America upgraded Nokia to Buy, raising target to €10.70, citing AI-driven demand, cost cuts, and growth in optical networks.
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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.
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.