Microsoft and Google decline over 1% each while Eli Lilly jumps 4% on strong clinical trial results and sector rotation. Technology stocks led losses in today’s session, with Microsoft (MSFT) down 1.11% and Alphabet (GOOGL) falling 2.01%. Investors cited concerns over elev
Quick Read - Bank of America raised Affirm’s (AFRM) price target to $88 from $82 on strong Q3 beat-and-raise results and maintained its Buy rating. - Affirm’s valuation at 37x forward P/E already prices execution, so upside hinges on durable GMV growth and unit economics rather...</strong
Court converts haircare brand’s Chapter 11 filing to Chapter 7, ending operations and appointing a trustee to distribute remaining assets. Adwoa Beauty, a textured haircare brand, will liquidate after a court converted its Chapter 11 bankruptcy to Chapter 7. The ruling end
US markets head into the new week with inflation data, AI enthusiasm, and a fresh batch of corporate earnings all competing for investors’ attention after major indexes recently pushed back toward record highs. The biggest event on the calendar will arrive Tuesday with the
Amazon’s custom AI chips see triple-digit revenue growth, with a $225 billion backlog driving demand beyond internal use. Amazon’s AI chip business has surged, with a $225 billion backlog and an annual revenue run rate exceeding $20 billion. CEO Andy Jassy revealed nearly
NVIDIA gains a five-year option to buy 30 million Iren shares at $70 each, bolstering AI infrastructure collaboration. NVIDIA and Iren announced a strategic partnership on May 7, 2026, to deploy up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure. The deal includes a
Northland and Jefferies raise MTSI targets to $375 and $450 respectively following better-than-expected fiscal Q2 results and Q3 outlook. Northland analyst Tim Savageaux increased MACOM Technology Solutions Holdings' (NASDAQ:MTSI) price target to $375 from $300, maintainin
Astera Labs, Inc. (NASDAQ:ALAB) is one of the On May 6, 2026, Needham raised the firm’s price target on Astera Labs, Inc. (NASDAQ:ALAB) to $260 from $220 while maintaining a Buy rating. The firm said the company delivered another significant beat-and-raise quarter, driven
ON Semiconductor Corporation (NASDAQ:ON) is one of the On May 5, 2026, Roth Capital raised the firm’s price target on ON Semiconductor Corporation (NASDAQ:ON) to $125 from $70 while maintaining a Buy rating. The firm said Q1 revenue came in ahead of consensus expectations
GLOBALFOUNDRIES Inc. (NASDAQ:GFS) is one of the On May 7, 2026, GLOBALFOUNDRIES Inc. (NASDAQ:GFS) said during its Investor Day that it sees durable growth opportunities tied to AI-centric markets, supported by an expanding technology roadmap focused on scaling AI data centers...<
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