AMD Shares Rally as Analysts Lift Price Targets Across the Board
The notes went out within hours of each other. Citi raised its target on AMD to $575, Bank of America to $560, TD Cowen to $600 and Mizuho to $615.…
Micron’s Free Cash Flow Is Set to Exceed All Prior Years Combined
The number that has Micron’s investors talking is not revenue, and it is not market share. It is free cash flow — the money left after capital spending — which…
Chip Stocks Split a Week After the Broadcom Selloff
The SOXX semiconductor ETF fell 10% in a single day on June 5, and the sector’s biggest names fell harder. AMD dropped 10.9%, Intel 11.3%, and the memory and equipment…
Meta Cuts Off Manus as It Unwinds a $2 Billion Deal
Inside Meta Platforms, the internal memo said it plainly: Manus is being “sunset.” Staff were told to migrate existing Manus projects onto Meta’s own systems and not to begin new…
Adobe’s CFO Exit Overshadows a Beat-and-Raise Quarter
The earnings release contained two stories. The one investors traded was buried near the bottom, three sentences long: Adobe’s chief financial officer, Dan Durn, was leaving in four days. Shares…
SpaceX’s Nasdaq Debut Becomes the Largest IPO in History
Gwynne Shotwell rang the opening bell at the Nasdaq MarketSite in Times Square, and a stock that investors had chased for years finally traded under a ticker. SPCX opened at…
Bezos’s Prometheus Raises $12 Billion to Engineer the Physical World
Jeff Bezos sat down with CNBC’s David Faber at Prometheus’s San Francisco headquarters and, for the first time, explained publicly what he is building with his money. The company he…
Google Finishes an $85 Billion Equity Raise for Its AI Buildout
Alphabet has completed the largest equity offering in its history, raising roughly $85 billion to fund the data centers, chips and power that its AI push requires. The capital is…
Broadcom’s $120 Billion Seat at the AI Financing Table
Broadcom makes the networking chips that move data inside AI data centers. Increasingly, it also helps pay for the data centers themselves. The company has participated in financing for artificial…
Meta Weighs a Stock Sale to Fund Its AI Push
Meta Platforms is considering raising tens of billions of dollars through a stock offering to help finance its artificial intelligence buildout, according to people familiar with the discussions. The talks…
