Meta Platforms (META) is positioning itself for further upside as it taps a new subscription-based revenue stream, Truist analysts led by Youssef Squali told clients in their latest research note.Squali maintains a “buy” rating on the tech behemoth, with an $840 price target indicating potential upside of more than 40%…
BYD Chairman Wang Chuanfu has said the Chinese electric vehicle maker aims to become the world’s largest automaker within the next five years, outlining an ambitious growth target as the company faces slowing domestic demand and pressure on its share price.Speaking at BYD’s annual shareholder meeting at the company’s headquarters…
Rolls-Royce share price has lost the momentum it had last year as it faces some major external challenges that threaten its profit targets. RR has remained inside the narrow range between 1,095p and 1,340p since February. Still, this consolidation may lead to a strong rebound in the coming weeks as…
Asian semiconductor and technology stocks resumed their decline on Wednesday, tracking overnight weakness on Wall Street as concerns over artificial intelligence-related valuations continued to weigh on investor sentiment.The losses came after a brief rebound in chipmakers lost momentum, with investors increasingly questioning whether the sector’s rapid gains have outpaced underlying…
UK equity markets remained close to three-week lows on Wednesday as investors weighed ongoing geopolitical risks in the Middle East, corporate earnings developments, and the potential implications of upcoming US inflation.The benchmark FTSE 100 and the mid-cap FTSE 250 indexes both posted modest gains in early trading.By 0752 GMT, the…
Shares of Duolingo (DUOL) moved higher on Monday as investors returned to growth-oriented technology stocks.Improving sentiment across the broader market also helped lift software names that have suffered steep declines over the past year.The language-learning platform gained more than 8.8% during the session, outperforming a Nasdaq rally of about 2.2%.…
Inno Holdings (INHD) experienced a nearly 20x rally on Monday morning after announcing a new deal with a Hong Kong-based artificial intelligence (AI) service provider.The company has signed a $3 million Development Services Agreement with the said provider to build a specialized, automated sales agent system tailored for its used…
Shares of Tango Therapeutics (TNGX) surged more than 51% on Monday after the clinical-stage biotechnology company reported encouraging early-stage trial results for its experimental cancer treatment, vopimetostat.The drug was tested in combination with Revolution Medicines’ daraxonrasib.The sharp rally pushed the stock toward a record closing high and marked one of…
US stocks ended mostly higher on Monday as investors returned to semiconductor shares following last week’s sharp selloff, while signs of easing tensions between Iran and Israel helped improve overall market sentiment.The Nasdaq Composite led the gains, advancing 0.86% to close at 25,929.66, while the S&P 500 added 21.99 points,…
South Korea’s benchmark Kospi index has emerged as one of the standout performers this year – capturing headlines with record year-to-date gains of more than 70%.Yet, this meteoric rise has triggered a mass departure of foreign institutional capital, with investors offloading billions of dollars in domestic stocks.Net foreign outflows reached…