Wall Street has gotten more bullish on Micron’s stock after its Q3 results, citing AI-chip demand fueled by data center growth and improved margins as key performance drivers.
The equity raise comes as Kratos expands its role in next-gen defense systems, including a new propulsion partnership with GE Aerospace and growing investor interest driven by bullish analyst coverage.
Bumble stock up after JPMorgan note. Analyst surprised by workforce reduction, but raised revenue outlook despite declining downloads and stagnant users.
Shares of online dating app Bumble (NASDAQ:BMBL)
jumped 17.2% in the morning session after the company announced a major restructuring plan that includes laying off approximately 30% of its global workforce and raising its financial outlook for the second quarter.
Broader markets outperformed, led by gains in IT, media, consumer durables, and auto stocks, while select stocks like MCX and IndiaMART rallied on positive brokerage commentary.
Senator Bernie Sanders (I-VT) is advocating for a 32-hour workweek, citing the potential for advancements in artificial intelligence and automation to provide workers with more personal time.
In a JPMorgan report, analyst Rajat Gupta discusses meetings with top management at Group 1 Automotive and Penske Automotive, highlighting industry trends and their stock ratings.
