Marvell Technology Acquires Celestial AI for up to $5.5B to Lead Optical Interconnect Technology
Marvell takes massive financial gamble on Celestial AI's optical interconnect technology with uncertain returns and delayed revenue timeline.
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Amazon Launches Trainium3 AI Chip to Challenge Nvidia's Dominance
Amazon Web Services unveils Trainium3, a cost-effective AI chip that's 4x faster than its predecessor, offering businesses an alternative to Nvidia's market-leading processors.
Stifel Upgrades Teradyne to Buy, Raises Price Target to $225
Stifel upgrades Teradyne to Buy from Hold, citing strong AI growth potential and favorable test revenue trends, raising price target from $162 to $225.
Bending Spoons to Acquire Eventbrite in $500M All-Cash Deal
Bending Spoons will acquire Eventbrite for $500 million, offering shareholders $4.50 per share. The deal aims to enhance Eventbrite with new features, AI tools, and improved event search, with closing expected in the first half of 2026.
Wedbush Names Unity a Top Pick with Higher $55 Price Target
Wedbush adds Unity to its "Best Ideas List", raises price target to $55, and highlights strong long-term growth potential driven by game engine leadership, mobile ads, and new payment solutions.
Credo Tech Q2 Profit Triples on AI Boom, Stock Surges
Credo Technology (CRDO) swings to $82.6M profit as Q2 revenue triples to $268M, driven by AI infrastructure demand. Stock jumps 15% on strong outlook.