Wedbush Downgrades Tower Semiconductor: Valuation Concerns Amid Strong SiPh Growth
Wedbush lowers Tower Semiconductor rating to Neutral, citing valuation, but sees strong fundamentals in SiPh technology and limited upside from current estimates.
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Hurricane Melissa Forces Hyatt to Lower 2025 Financial Projections
Hyatt Hotels (H) reduces 2025 earnings forecast by $10 million following Hurricane Melissa damage in Jamaica. Seven properties remain closed until Q4 2026.
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.
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.