Riot Platforms Stock Target Raised: Bitcoin Mining Sites Eyed for AI Conversion
Piper Sandler ups Riot Platforms price target to $25, citing potential hyperscaler deals to convert Texas bitcoin mining facilities into AI data centers.
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L'Oréal Acquires Kering Beauty for $4.66B: What It Means for the Luxury Market
L'Oréal buys Kering Beauty for $4.66B, gaining Creed and 50-year licenses for Gucci, Balenciaga beauty products. Coty faces major headwind losing Gucci brand.
Planet Labs Stock Gets Price Boost from Needham
Needham raises Planet Labs price target to $16, citing strategic satellite service focus and improving profitability through 2026.
Cleveland-Cliffs Explores Rare Earths After Beating Q3 Targets
Steel maker Cleveland-Cliffs beats Q3 earnings expectations and reveals rare-earth exploration plans at Michigan and Minnesota mines to reduce China dependence.
Citi Bullish on Kodiak AI: First Mover in Autonomous Trucking
Citi gives Kodiak AI a Buy rating with $13.50 target. The autonomous trucking company is the first to earn commercial revenue from driverless trucks in the Permian Basin.
iPhone 17 Launch Exceeds Expectations with 14% Sales Surge
Apple's iPhone 17 outsells iPhone 16 by 14% in first 10 days despite no AI upgrades. Strong demand in China for base model, US consumers favor Pro Max with carrier deals.