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The Marked Chart Wire · Business
HotAnalyst Ratings
Investment firms updated ratings for companies like Astera Labs and Navitas Semiconductor, citing AI demand. Others, including Adobe and Flagstar, received downgrades due to growth concerns or rate pressures.
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Navitas
Navitas Semiconductor reported third-quarter revenue of $13.50 million, exceeding expectations by 4 percent. The company's loss per share of $0.04 also beat the consensus estimate by 25 percent.
HotAstera Labs
Astera Labs reported earnings per share of $1.32, exceeding the expected $1.19 by 11 percent.
HotCaitlin Clark
Dick's Sporting Goods and Foot Locker announced a multiyear endorsement deal with WNBA star Caitlin Clark. The agreement, which follows the launch of Nike's Caitlin 1 shoe, is the first individual athlete partnership for both retailers.
AMD
Bank of America reduced its price target for Advanced Micro Devices to $650 from the previous estimate of $720.
OpenAI
OpenAI has announced plans to acquire Pierre Computer Company.
European Chips Act
Synopsys will supply design software to the Europe Chips Joint Undertaking. The deal supports startups and researchers in creating processors for artificial intelligence and high-performance computing.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.