Micron’s stock falls but is spared the worst of the memory-chip selloff
Shares of Sandisk and Western Digital fell hard after investors were left unimpressed by those companies’ earnings reports.
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AIP completes take-private buyout of medical tech firm Avanos Medical
David Pacitti serves as CEO of Avanos Avanos Medical was founded in 2014 American Industrial Partners has completed its previously announced take-private acquisition of Avanos Medical, a Alpharetta, Georgia-based medical technology company. The transaction puts Avanos at a valuation of approximately $1.272 billion. According to the terms of the deal, Avanos stockholders will receive $25…
Europe’s long, hot summer leads to thousands evacuated and fire operators dead
A record-breaking hot and dry summer tightened its grip on Europe on Monday, as water-dropping planes swooped over a major wildfire in Greece, firefighters in France sought to stabilize a blaze in Provence, and much of the United Kingdom recorded its driest July in nearly two centuries. Wildfires west of Athens jumped containment lines a…
Texas, Louisiana Face Searing Heat Wave Exacerbated by Storm
Texas and Louisiana are sweltering under dangerous heat exacerbated by Tropical Storm Bertha, which made landfall Wednesday afternoon and is helping push Texas electricity demand to another record. Heat index temperatures in eastern Texas and northwest Louisiana may reach 120F (49C), according to the National Weather Service. An extreme heat warning remains in effect across…
Jefferies analyst calls out ‘simple-minded’ criticism of SpaceX’s governance
Investors who blacklist Space Exploration Technologies Corp. out of governance qualms are too hung up on box-checking and risk depriving themselves of long-term financial gains, according to Aniket Shah of Jefferies. “The idea that there’s an — in quotes — acceptable form of good governance” is one that “I highly question,” said Shah, who is…
CXMT’s stellar debut sets stage for next test against memory giants
CXMT‘s blockbuster Shanghai debut has put it in the spotlight, but analysts say closing the technology gap in advanced memory chips, not investor enthusiasm, will determine whether it can challenge the global market leaders. The Chinese memory maker’s nearly 466% surge in its Monday market debut has fueled optimism that Beijing’s years-long push to build…
Wall Street’s Average Price Target for AMD Implies Only 9% Upside. Is the Stock a Buy, Sell, or Hold?
Yes — by the numbers, Wall Street is treating Advanced Micro Devices (AMD -5.09%) as close to fully valued going into next week’s report. The average price target on the stock is $570.60, about 9% above Friday’s close of $521.95. That cushion is thin for a stock this well-liked. Of the 51 analysts covering AMD,…
