Bank of America raised its outlook for Sandisk (SNDK), citing expectations that tight NAND memory supply will support stronger pricing into 2027.The brokerage lifted its price target on Sandisk to $2,500 from $2,100 while maintaining its Buy rating, according to a Wednesday research note.Bank of Am…
Palantir Technologies NASDAQ:PLTR climbed in Wednesday trading after investors rotated back into artificial intelligence software stocks, while fresh developments involving Nvidia NASDAQ:NVDA and investor Michael Burry (Trades, Portfolio) added to the momentum.Shares of Palantir Technologies NASDAQ…
Micron Technology (MU, Financials) has signed a long-term Strategic Customer Agreement with General Motors (GM, Financials), giving the automaker a dedicated supply of memory and storage products while strengthening Micron's strategy of securing long-term customer commitments.The agreement will sup…
Apple (AAPL, Financials) is facing new pressure in Russia after the country's antitrust regulator accused the company of discriminating against local search engines and software.Russia's Federal Antimonopoly Service said Apple must address the alleged violations by July 15. If it does not, the comp…
Palantir (PLTR, Financials) rose Wednesday after CEO Alex Karp criticized the way major AI labs charge for their models, saying enterprise customers are growing frustrated with rising token costs.Speaking on CNBC, Karp said the pricing structure used by companies such as OpenAI and Anthropic has cr…
Micron Technology NASDAQ:MU signed a long-term Strategic Customer Agreement with General Motors NYSE:GM, expanding the memory maker's push to lock in revenue through multi-year supply deals.The agreement will supply GM with memory and storage platforms used in vehicle production. It is one of 16 SC…
Meta Platforms NASDAQ:META climbed more than 10% on Wednesday after a report said the social media company is developing a cloud computing business that would monetize surplus artificial intelligence computing capacity.The report said Meta Platforms NASDAQ:META is creating a dedicated business unit…
Sandisk NASDAQ:SNDK fell more than 8% Wednesday even after Bank of America raised its price target, as broader weakness in AI and memory stocks outweighed the bullish call.BofA lifted its Sandisk target to $2,500 from $2,100 and kept a Buy rating, citing a NAND supply-demand imbalance that could la…
ByteDance is accelerating its Brazil expansion with a major data center project in Ceara state, where hundreds of workers are building what could become TikTok owner's largest data center complex outside China. The project carries an estimated price tag of 200 billion reais ($39 billion), with plan…
Shares of AI infrastructure and semiconductor companies declined Wednesday after a report said Meta Platforms (META) is exploring a cloud infrastructure business that would offer external customers access to AI computing power and models.The report sparked broad selling across AI-related names. Nvi…
Meta Platforms NASDAQ:META reportedly explored buying Kalshi before deciding to build its own prediction-market product, Arena.According to NPR, Mark Zuckerberg discussed a possible acquisition with Kalshi CEO Tarek Mansour last year as prediction markets gained popularity. A deal never happened, t…
TikTok is considering cutting about 300 jobs at its European hub in Dublin as the company moves toward another restructuring round after a similarly sized wave of layoffs last year. The ByteDance-owned tech firm may reshape its AI data service and operations team while consolidating quality assuran…
AI infrastructure and semiconductor stocks sold off Wednesday after reports that Meta Platforms NASDAQ:META is exploring a cloud business that would sell excess AI computing capacity and models to outside customers.The report lifted Meta shares about 8%, but it pressured companies already competing…
Alphabet NASDAQ:GOOG could be facing renewed pressure in the AI race as Google's coding tools appear to be losing ground to OpenAI and Anthropic. Even after Gemini 3 helped Google catch up on key AI benchmarks last year, the company is now facing questions around AI coding, one of the most importan…
Digital infrastructure services firm ITG Inc. NASDAQ:ITG raised $312.2 million in its US IPO after selling 19.5 million shares at $16 each, below the marketed range of $19 to $22. The pricing gives ITG a market value of $1.94 billion, based on the outstanding share count listed in its filings. The…
Neon has secured the release rights to Artificial, an upcoming film focused on OpenAI and Chief Executive Officer Sam Altman, adding another high-profile technology story to the independent distributor's lineup. The movie follows what IMDb describes as the confusing firing and rehiring cycle involv…
Kura Sushi NASDAQ:KRUS is aiming to accelerate its US expansion as Japanese restaurant chains increasingly look overseas for growth. CEO Hajime Uba said the company wants to grow its US store count by 20% a year, with locations expected to surpass 100 this year and a longer-term target of about 300…
Microsoft (MSFT, Financials) is reportedly preparing another round of layoffs as it keeps a close eye on costs.Business Insider reported that the company could announce layoffs as early as next week. The cuts are expected to affect fewer than 2.5% of Microsoft's workforce.That may sound small, but…
Meta Platforms (META, Financials) will have to keep fighting a lawsuit that accuses Facebook and Instagram of harming children.A federal judge in California rejected Meta's request to dismiss claims from 29 U.S. state attorneys general. The states say Meta designed its platforms to encourage compul…
Nike NYSE:NKE shares fell about 3% on early Wednesday after the sportswear company reported fiscal fourth-quarter revenue and earnings that exceeded Wall Street expectations, while warning that sales may continue to face pressure in the current quarter.Nike reported revenue of $11 billion, down 1…
