Major AI Compute Partnership Boosts Rackspace Stock Rackspace Technology (NASDAQ:RXT) shares surged 30% on Tuesday after the company announced a definitive agreement with AMD (NASDAQ:AMD) to deploy 30 megawatts of AI computing infrastructure powered by AMD technology. The
The AI optical parts maker targets a mid-July listing, potentially the city’s largest this year, after strong investor demand. Zhongji Innolight, a Chinese manufacturer of optical modules for AI data centers, plans a Hong Kong share sale aiming to raise up to $7 billion as
Gold extends recovery above $4,300 with Fed decision, US-Iran deal in focus Gold (XAU/USD) holds above the $4,300 mark on Tuesday as traders await further details on the peace framework between the United States (US) and Iran. At the time of writing, XAU/USD trades around
Mobileye Moves Into Autonomous Ride-Hailing Market Mobileye (NASDAQ:MBLY) shares gained 5% on Tuesday after the autonomous driving specialist revealed plans to build and operate its own robotaxi business. The company said it intends to expand beyond its traditional role as
Analyst raises RACE price target to €380, seeing 24% upside after a 26% share decline despite limited earnings cuts. Morgan Stanley upgraded Ferrari (RACE) to Overweight and lifted its price target to €380 from €330, citing excessive investor punishment over the Luce EV ba
Futures for the Dow Jones Industrial Average and other major stock indexes traded higher Tuesday as Wall Street awaited the start of the Federal Reserve's two-day policy meeting. Meanwhile, Space Exploration Technologies (SPCX) — known as SpaceX — was a big winner yet agai
Analyst Matthew VanVliet reaffirms Buy rating on CRM with a $250 price target, citing significant growth potential in cloud software. Cantor Fitzgerald analyst Matthew VanVliet maintained a Buy rating on Salesforce Inc. (NYSE:CRM) and set a $250 price target, implying a 52
Nutanix reports $703 million revenue, exceeding consensus Nutanix reported revenue of $703 million for Q3 2026, beating the Wall Street consensus of $690 million. The company's earnings per share came in at $0.47, exceeding estimates of $0.36. The company's free cas
Zscaler Inc. (NASDAQ:ZS) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On June 10, Shrenik Kothari, an analyst at Robert W Baird, reiterated a Buy rating on Zscaler Inc. (NASDAQ:ZS) and set a price target of $230. The firm's price target offe
Atlassian Corporation (NASDAQ:TEAM) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On June 9, Ryan MacWilliams of Wells Fargo assigned a Buy rating to Atlassian Corporation (NASDAQ:TEAM) while increasing the price target He raised the firm's p
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