Citi Sees Positive Catalyst for Baidu Shares Amid AI and Chip Plans
Citi starts a "90-day positive catalyst watch" on Baidu, keeping Buy rating with $181 target. AI revenue, Ernie model, and potential chip spin-off may boost investor confidence.
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Marvell Stock Drops as Microsoft–Broadcom Talks and Amazon Chip Loss Raise Concerns
Marvell Technology shares fell after reports of Microsoft exploring Broadcom for custom chips and a downgrade citing likely loss of Amazon’s future Trainium designs.
IBM Acquires Confluent for $11B to Power AI Applications
IBM announces $11 billion acquisition of Confluent to create a comprehensive data streaming platform for enterprise AI and real-time applications.
Intel May Manufacture Apple's iPhone Chips Starting in 2028
Intel could start producing non-Pro iPhone chips by 2028 using its 14A process, marking a major shift in Apple's manufacturing strategy while maintaining in-house chip design.
Parsons Stock Drops After Losing Air-Traffic Control Contract
Parsons (PSN) shares fell after losing the $12.5B air-traffic control modernization contract to Peraton, disappointing investors who expected the company to win.
Wells Fargo Upgrades Unity on Strong 2026 Mobile Ad Outlook
Wells Fargo upgrades Unity to Overweight with a new $51 price target, citing strong 2026 mobile game advertising tailwinds and growth potential.