Riot Platforms Stock Target Raised: Bitcoin Mining Sites Eyed for AI Conversion
Piper Sandler ups Riot Platforms price target to $25, citing potential hyperscaler deals to convert Texas bitcoin mining facilities into AI data centers.
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Citi Bullish on Kodiak AI: First Mover in Autonomous Trucking
Citi gives Kodiak AI a Buy rating with $13.50 target. The autonomous trucking company is the first to earn commercial revenue from driverless trucks in the Permian Basin.
iPhone 17 Launch Exceeds Expectations with 14% Sales Surge
Apple's iPhone 17 outsells iPhone 16 by 14% in first 10 days despite no AI upgrades. Strong demand in China for base model, US consumers favor Pro Max with carrier deals.
Skyworks Downgraded: Analyst Warns of iPhone Slowdown and China Headwinds
Mizuho downgrades Skyworks to Underperform, cutting price target to $60. Analyst cites iPhone unit decline, foldable delays, and fading China subsidies as key concerns.
Barclays Dramatically Cuts Rating on AST SpaceMobile Despite Strong Potential
Barclays downgrades AST SpaceMobile from Overweight to Underweight, maintaining $60 price target. Stock valuation concerns overshadow promising direct-to-cellular technology prospects.
Oracle Shares Surge After Revealing Strong AI Infrastructure Profit Margins
Oracle shares spike 4% after revealing 30-40% margins on AI infrastructure deals with OpenAI, Meta, and xAI. Company expects cloud revenue to hit $166B by 2030.