HSBC raises Broadcom’s fiscal 2026 ASIC revenue estimate to $46 billion, 23% above consensus, driving a price target increase. HSBC increased Broadcom’s (AVGO) price target to $600 from $450, citing a sharp upward revision in custom AI chip revenue projections. The firm no
Micron shares surge nearly 100% in a month, crossing $1 trillion market cap as AI demand drives upgrades and valuation debates. Micron Technology (NASDAQ: MU) will report fiscal third-quarter earnings on June 24, following a nearly 100% stock surge over the past month. The
Over 1,000 current and former employees seek lower fees for tax and wealth management services before the company’s public listing. More than 1,000 SpaceX employees and alumni are negotiating bulk discounts on wealth management and tax-planning services as they prepare for
XAG/USD falls to $73.46 after US-Iran clashes fuel speculation of central bank tightening, weighing on non-yielding metals. Silver prices plunged more than 2% to $73.46 on Wednesday, retreating from a peak near $75.30. The decline follows overnight military exchanges betwe
ACHR stock rose after completing FAA certification phase 3 and targeting 2024 commercial launch and 2028 Olympics debut. Shares of Archer Aviation (ACHR) climbed 18.6% in May, driven by regulatory advancements and defense sector momentum. The company completed phase 3 of F
Super Micro Computer Sinks 9%, Gorilla Technology Tumbles 20% Despite $2 Billion India AI Infrastructure Deal Quick Read - GRRR dropped 20% and SMCI fell 9% on a $2 billion India AI deal, as dilution fears overshadowed the strategic win. - A $2 billion commitment against Gorilla...</stron
Eli Lilly's $1 trillion market cap may overtake SpaceX's expected $1.8 trillion IPO valuation amid historical IPO underperformance trends. An analyst predicts Eli Lilly will exceed SpaceX’s valuation within two years, despite SpaceX’s anticipated $1.8 trillion IPO, one of
For most of last week, oil was sliding down and energy stocks followed in the same direction. Traders had bet a U.S.-Iran deal would calm the region and reopen shipping lanes, so crude price fell lower for days, and Exxon Mobil (XOM) fell with it, closing red for seven str
Rush Order and Encore Fulfillment expand operations to improve delivery speeds for 93% of the US population within two days. Two e-commerce logistics providers, Rush Order and Encore Fulfillment, have expanded their US warehouse capacity in the Great Plains region. Rush Or
Autonomous vehicles have gained prominence in recent years as advances in AI technology have brought true self-driving cars closer to reality. Companies such as Tesla and Waymo have been deploying autonomous vehicles on public roads, while pilot programs and commercial ser
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