Citi upgrades AMD for GPU market potential while Honeywell targets $2-$4 billion in acquisitions to expand in industrial automation.
Citi upgraded Advanced Micro Devices Inc (AMD) to buy, citing its potential to secure a significant share of Meta Platforms Inc’s GPU demand. The upgrade highlights AMD’s growing role as a second source in the GPU market, a segment currently dominated by Nvidia Corp.
Honeywell International Inc (HON) plans to make $2-$4 billion in acquisitions to strengthen its position in the $35 billion industrial automation sector. The company sees fragmented market opportunities as a driver for mergers and acquisitions.
Novartis AG (NVS) reported positive Phase 1/2 trial results for its RNA therapy targeting facioscapulohumeral muscular dystrophy (FSHD), acquired via Avidity Biosciences. The success could bolster Novartis’s drug pipeline amid competitive pressures.