STMicroelectronics Scores Major AI Chip Deal with Amazon
STMicroelectronics shares jump 7% after securing multibillion-dollar AWS partnership to supply AI data center chips, marking European chipmaker's entry into booming AI infrastructure market.
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Morgan Stanley Starts Coverage on Mara Holdings with Cautious Outlook
Morgan Stanley gives Mara Holdings (MARA) an Underweight rating and $8 target, citing bitcoin mining economics and limited upside from data center transitions.
Kroger Taps Former Walmart and Airline CEO as New Leader
Kroger plans to hire Greg Foran, ex-Walmart US chief and Air New Zealand CEO, as new CEO following Rodney McMullen's departure after board investigation.
SoFi Stock Upgrade to Outperform: $30 Target After Pullbacks
Citizens analyst upgrades SoFi with a $30 target, citing growth potential and technical-driven selloff rather than fundamental weakness.
DraftKings Teams Up With Crypto.com for Expanded Prediction Markets
DraftKings (DKNG) partners with Crypto.com to expand prediction markets, adding player-specific sports contracts and new categories including politics and entertainment.
Apple Bucks Big Tech's AI Spending Frenzy While Cloud Backlogs Hit $1.1 Trillion
While Amazon, Google, Meta, and Microsoft pour record billions into AI infrastructure, Apple takes a different approach—and Big Tech cloud backlogs reach unprecedented levels.