Wedbush Downgrades GlobalFoundries to Neutral as Recovery Timeline Slows
Wedbush cuts GlobalFoundries to Neutral, lowering its price target to $40 as weak auto and industrial demand delays recovery catalysts.
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TeraWulf Stock Gets Major Boost from Analyst Upgrade
Keefe Bruyette upgrades TeraWulf to Outperform, raising its price target to $24 and highlighting strong growth potential from its business shift.
ByteDance Plans $14 Billion Nvidia Chip Investment for 2026
ByteDance to increase AI chip spending to 100 billion yuan ($14 billion) in 2026, up from $85 billion yuan in 2025, while developing its own processors to reduce costs.
Nike CEO Elliott Hill Buys $1 Million in Company Stock as Insider Confidence Grows
Nike CEO Elliott Hill purchased $1 million worth of NKE shares at $61.10, while Chairman Emeritus Phil Knight acquired 4.5 million convertible shares, signaling insider confidence.
Flushing Financial Stock Drops 9% on OceanFirst Merger News
Flushing Financial shares tumbled nearly 9% after announcing its acquisition by OceanFirst Financial in a $579 million deal backed by Warburg Pincus investment.
Nvidia in Advanced Talks to Acquire Israeli AI Startup AI21 Labs for $2-3B
Nvidia is reportedly negotiating to buy AI21 Labs for up to $3 billion, primarily for its 200-strong AI talent pool, marking another major Israeli tech acquisition.