Broadcom could rally from here as hyperscaler demand continues to increase, according to Jefferies. The bank reiterated its buy rating on the semiconductor stock and named it as a top pick. The bank also raised its price target to $480 per share from $415. Analyst Blayne Curtis’ updated price target represents upside of 32% from the stock’s Monday close. “While NVDA remains the leader and we still see upside there, AVGO has a greater magnitude of estimate upside as Google, Meta, and OAI ASICs ramp,” the analyst wrote. “Google has long been the main ASIC customer for AVGO but those…
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A volunteer displays information on the Supplemental Nutritional Assistance Program (SNAP) at a grocery store in Dorchester, Massachusetts, US, on Monday, Nov. 3, 2025. Mel Musto | Bloomberg | Getty ImagesA federal judge was asked Tuesday to effectively force the Trump administration to pay full SNAP benefits during the government shutdown, a day after the administration said that it would only pay half of those food stamp costs for November.Lawyers for plaintiffs in a lawsuit over the continuation of the SNAP benefits told the judge that the administration’s decision to pay partial benefits out of a contingency fund did not…
Independent candidate former New York Gov. Andrew Cuomo, Republican candidate Curtis Sliwa and Democratic candidate Zohran Mamdani participate in a mayoral debate, in New York, U.S. October 16, 2025.Angelina Katsanis | Via ReutersNew York City voters will elect a new mayor on Tuesday, as two well-known Big Apple names strive to beat a relative newcomer, Zohran Mamdani, a democratic socialist whose sudden political ascendance has drawn attention nationwide.Mamdani, the Democratic Party nominee, is facing off against former New York Gov. Andrew Cuomo, a longtime Democrat running as an independent, and Republican Curtis Sliwa, founder of Guardian Angels.The winner will replace…
Palantir’s stock fell 7% on Tuesday as Wall Street analysts raised concerns about the company’s elevated valuation and “Big Short” investor Michael Burry revealed a short position in the software company.During an interview with CNBC’s “Squawk Box” on Tuesday, CEO Alex Karp ripped into short sellers, calling their moves “market manipulation.”Karp called the positions “super triggering” and said they are “shorting one of the great businesses of the world.””Honestly, I think what is going on here is market manipulation,” Karp said. “We delivered the best results everyone, anyone’s ever seen.”The stock move overshadowed the company’s top-and-bottom-line beat and stronger-than-expected guidance.…
The logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is seen outside theri building as the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty ImagesMetsera on Tuesday said Novo Nordisk’s new bid for the obesity biotech is “superior” to a revised offer from Pfizer, escalating a heated tussle over the startup between the two pharmaceutical giants. Novo Nordisk’s new proposal values Metsera at up to $86.20 per share, for a total of around $10 billion. In a release,…
Citi is optimistic heading into CoreWeave’s next earnings report next week. In a Tuesday note, the bank maintained its buy rating on the cloud computing stock and raised its price target to $192 per share from $164. This revised forecast represents upside of 52%. Analyst Tyler Radke pointed to rising artificial demand as a tailwind for CoreWeave. CRWV YTD mountain CRWV YTD chart “In the near term, we see CRWV as one of the larger AI beneficiaries across our coverage. With recent deals signed with NVDA, META and an OpenAI expansion, we estimate ~85% QoQ backlog growth,” he wrote. “As…
Representation of Bitcoin cryptocurrency in this illustration taken Sept. 10, 2025. Dado Ruvic | ReutersBitcoin fell victim to a risk-off mood Tuesday with investors dumping the cryptocurrency as they grew increasingly concerned about the sustainability of AI stock values.Bitcoin was last trading at $103,952, down 2.5% on the day and around 6% in the past two days. Ether, the second-largest cryptocurrency by market capitalization, shed 2.5% on Tuesday and had lost more than 10% over two days to trade at $3,503.Although bitcoin’s safe haven status has grown lately, the token courts many of the same large investors as artificial intelligence…
New Jersey Republican gubernatorial candidate, Jack Ciattarelli (L), and New Jersey Democratic gubernatorial candidate Mikie SherrillGetty ImagesNew Jersey voters will decide Tuesday whether to elect Democratic candidate Mikie Sherrill or Republican challenger Jack Ciattarelli as their next governor.The race — one of just two U.S. gubernatorial elections this year — is seen as a bellwether for how President Donald Trump’s all-consuming presence is affecting support for Republicans nationally.The result also could help shape the electoral landscape for the 2026 midterms, when Democrats hope to retake control of at least one chamber of Congress.The former U.S. Navy helicopter pilot Sherrill has…
This is breaking news. Please refresh for updates.Palantir CEO Alex Karp ranted against short-sellers, calling out specifically Michael Burry after a filing revealed the investor of “The Big Short” fame had bets against the AI software company, as well as Nvidia, at the end of the last quarter.”The two companies he’s shorting are the ones making all the money, which is super weird,” Karp told CNBC’s “Squawk Box.” “The idea that chips and ontology is what you want to short is bats— crazy.””He’s actually putting a short on AI…It was us and Nvidia,” Karp added.Palantir shares slid roughly 8% in…
Here are Tuesday’s biggest calls on Wall Street: Bank of America reiterates Apple as buy The firm said it’s sticking with Apple after checks show App Store revenue grew . “For the month of October, App store rev increased +8.8% y/y globally, outpacing app store download growth of +0.4% y/y. Reiterate Buy on strong capital returns, eventually winner at AI at the edge & optionality from new products/markets. PO stays at $325 on 32x C27E EPS of $10.11.” Barclays reiterates Tesla as equal weight Barclays called the Tesla shareholder vote later this week “critical.” “Tesla’s upcoming Annual Shareholder Meeting will…
