Analyst Vivek Arya argues Micron’s sell-off is premature, citing AI-driven demand shifts not seen in prior cycles. Bank of America reiterated its $1,550 price target for Micron, implying 87% upside from the current $829.50, despite a 34% decline since June. Analyst Vivek A
DGB Investments, holding a 5% stake in Ethan Allen, pushes to replace the entire board amid a 1.8% share price gain. An activist investor has called for a complete replacement of Ethan Allen Interiors' board of directors. Doug Bergeron’s DGB Investments, which owns a 5% st
Walt Disney Co reports $2.06 adjusted EPS and $25.2B revenue, beating forecasts as streaming operating income doubles to $712M. Walt Disney Co posted fiscal third-quarter adjusted earnings per share of $2.06, a 28% year-over-year increase and above the $1.86 estimate. Reve
Aug 5 Anthropic said on Wednesday it is building an in-house team to design custom chips for its Claude AI models, confirming an earlier Reuters report, as the startup responds to a shortage of chips needed to power and develop more advanced AI systems. The company said it
Legacy Ridge Capital highlights ALGT’s $2.82 billion market cap and strong 52-week performance amid merger speculation. Allegiant Travel Company (NASDAQ:ALGT) closed at $105.09 on August 4, 2026, reflecting a $2.82 billion market capitalization. The stock posted a 108.93%
Third Point's flagship Offshore Fund returned 7.7% in Q2 2026, outperforming the Credit Suisse Event-Driven Hedge Fund Index's 3.3% return while underperforming the S&P 500's 15.2% gain and the MSCI World Index's 13.9% return. - The fund initiated a position in
Wall Street's major market averages pushed higher on Wednesday after traders received a softer-than-expected labor data report, which boosted investor sentiment. The blue-chip Dow (DJI) was +1.1%, the benchmark S&P 500 (SP500) was +0.6%, and the tech-focused Nasdaq Composi
Legacy Ridge Capital Partners’ Exit from Summit Midstream Corporation (SMC) Marks End of a Costly Mistake Legacy Ridge Capital Management, a Colorado-based hedge fund, released its mid-2026 investor letter. A copy of the letter can be downloaded here The letter repo
The closure marks the brand’s exit from its founding city as organized crime targets high-value outdoor gear for resale. The North Face has permanently closed its outlet store in Berkeley, California, citing persistent retail theft as a key factor. The location, operationa
Good morning. Stocks climbed higher at the open on Wednesday, pushing the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) to fresh highs, while SpaceX (SPCX) and AMD (AMD) stocks tumbled, as earnings failed to impress Wall Street But first, a check of the ma
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