Chip Giants Intel and AMD Discuss Surprise US Manufacturing Partnership
Chip rivals Intel and AMD are in talks for Intel to make some of AMD's chips in the US. Intel needs a win, but its tech lags TSMC.
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Amazon is Doubling Down on Groceries with a New Private-Label Collection
Amazon launched Amazon Grocery, a new private-label food brand (1000+ items) replacing Fresh/Happy Belly. Most items are under $5. Rivals slipped.
Reddit Stock Impacted by User and ChatGPT Data Decline
"Reddit stock is stressed." Daily users are declining, and ChatGPT cites Reddit content much less, dropping from 29.2% to 5.3%, according to RBC Capital.
AeroVironment: Defense Tech, Major Contracts, and Sky-High Stock Ratings
AVAV won a huge $499M US Air Force contract for soldier safety gear (EMS protection). Analysts raised stock target price to $365 on high defense spending.
Peloton is Revamping its Equipment, Launching a Commercial Unit, and Raising Prices
Ahead of the holidays, Peloton upgrades equipment with AI and swivel screens, launches durable gym gear (Pro Series), and raises all hardware and membership prices.
Barclays Downgrades ViaSat Amid Competition Fears
Analyst cut ViaSat rating due to high price and "limited growth" from competition. Breakup might hit $36, but it's risky.