Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
BofA raised its price target for SanDisk (SNDK) to $2,100 from $1,550, pointing to tighter NAND market conditions and SanDisk’s growing set of multi-year “new business model” supply agreements.
THE APEX TIMES
THE APEX TIMES
Dan Ives says Apple is finally stepping decisively into AI monetization, estimating the shift could add $75 to $100 per share and $15 billion to $20 billion in annual services revenue over time.
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In post-hoc data from two Phase 3 trials, women taking Foundayo (orforglipron) showed weight loss benefits in perimenopause and post-menopause, including results up to 30.4 pounds in one subgroup at the highest dose.
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The Portsmouth, R.I., expansion is designed to increase capacity for Lower Tier Air and Missile Defense Sensor (LTAMDS) testing and raise output of Patriot GEM-T subcomponents, supporting work for the U.S. Army and international customers.
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A new market-focused push to “move past” Intel centers on two major equity backers, but Intel’s most recent filings still show heavy capital spending and continuing losses at its foundry unit.
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A Yahoo Finance report suggested that limited Blackwell availability is tied to stronger-than-expected customer pull, aligning with Nvidia’s own messaging that advanced AI architectures remain supply constrained even as demand stays robust.
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A reported deal announcement points to Alphabet’s Google looking to broaden its AI chip supply using Intel’s contract manufacturing push.
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Wedbush says WWDC is the first step toward a foundational consumer AI platform that brings Google’s Gemini into Apple’s ecosystem, as Apple unveils a new Siri and a privacy-first next-generation Apple Intelligence architecture.
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Ahead of SpaceX’s Nasdaq listing, a Yahoo Finance market note pointed to “unusual” conditions that could intensify typical IPO volatility, using past trading patterns from Google, Palantir and Meta/Facebook as reference points.
