Enphase Energy Cuts 160 Jobs as Solar Tax Credit Expires
Enphase Energy announces 6% workforce reduction and restructuring plan following expiration of federal solar tax credit. Stock drops 3.7% premarket.
Enphase Energy announces 6% workforce reduction and restructuring plan following expiration of federal solar tax credit. Stock drops 3.7% premarket.
Nvidia purchases $2 billion CoreWeave stake at $87.20/share to build 5 gigawatts of AI factories by 2030, nearly doubling investment in AI infrastructure partner.
JPMorgan lifts Apple price target to $315, citing strong iPhone 17 demand despite higher memory costs, and maintains an Overweight rating.
Needham upgrades AppLovin to Buy, raising its price target to $700 and boosting 2026 e-commerce revenue forecasts due to stronger advertiser growth.
Baker Hughes reports 11% profit increase in Q4 2025 as gas technology equipment demand offsets weakness in oilfield services business.
Samsung Electronics will begin producing HBM4 memory chips for Nvidia next month, intensifying competition with Micron and SK Hynix in the booming AI chip market.