Samsung Hikes Memory Chip Prices Up to 60%; Micron Spikes
Samsung raised memory chip prices by up to 60% due to the AI data center building race, leading to severe shortages and higher costs for tech products globally.
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Topgolf Callaway in Talks to Sell Topgolf Unit for $1 Billion
Topgolf Callaway Brands explores selling its Topgolf entertainment business to private equity firm Leonard Green for approximately $1 billion as part of division split strategy.
Loop Capital Upgrades Shake Shack to Buy with Higher $127 Target
Loop Capital upgrades Shake Shack to Buy, raising its price target to $127. The firm says growth concerns are overstated and expects steady expansion and strong returns.
Jefferies Upgrades Gap to Buy as Turnaround Gains Momentum
Jefferies upgrades Gap to Buy with a new $30 price target, citing strong brand turnaround, rising momentum at Athleta, and big potential in the beauty segment.
Applied Materials Stock Drops 6% on China Export Curb Concerns
Applied Materials forecasts reduced China spending in 2026 due to U.S. export restrictions, causing shares to fall 6%. Company expects recovery in second half of 2026.
Warner Bros. Discovery Attracts Bids from Paramount, Comcast, and Netflix
Warner Bros. Discovery faces acquisition interest from Paramount, Comcast, and Netflix as the media giant seeks buyers by year-end. First-round bids due November 20.