ADVFN US – Market Content Editor
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U.S. trade deficit widens sharply in May as imports jump and exports decline
U.S. trade gap expands significantly in May The U.S. trade deficit widened sharply in May as imports increased while exports declined, according to data released on Tuesday by the Commerce Department. The trade gap expanded to $77.6 billion in May from a revised $54.6 billion in April. Economists had forecast the deficit would rise to…
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Wall Street set for softer open as technology stocks retreat: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures pointed to a weaker start on Tuesday, with markets expected to surrender part of Monday’s gains as renewed selling pressure emerged across the technology sector. Samsung sell-off dents AI sentiment Technology shares looked set to lead the decline after South Korean memory chip giant Samsung Electronics suffered a near 7% drop…
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BofA resumes Adobe coverage with Underperform rating despite low valuation (ADBE)
Bank sees AI creating long-term competitive challenges Bank of America has reinstated coverage of Adobe (NASDAQ:ADBE) with an Underperform rating and a $190 price target, arguing that while the stock appears inexpensive, the company’s competitive position is increasingly under pressure from generative artificial intelligence. Analysts led by Tal Liani based the valuation on seven times…
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Nvidia shares edge lower after report says DeepSeek is developing an in-house AI chip (NVDA)
Report points to DeepSeek’s custom chip ambitions Nvidia (NASDAQ:NVDA) shares fell 1.6% in premarket trading on Tuesday after a Reuters report said Chinese artificial intelligence startup DeepSeek is designing its own semiconductor for AI computing, a move that could reduce its reliance on hardware supplied by Nvidia and Huawei. According to sources familiar with the…
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RBC raises Tesla price target on potential SpaceX deal speculation (TSLA)
RBC increases target to $500 RBC Capital has raised its price target for Tesla (NASDAQ:TSLA) to $500 from $475, reflecting both a revised standalone valuation and an additional premium linked to a potential merger with SpaceX (NASDAQ:SPCX). Analyst Tom Narayan said the updated target incorporates “a 25-30% premium to current trading levels (and a 15%…
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Cloudflare climbs after Scotiabank upgrades stock on AI growth prospects (NET)
Scotiabank turns bullish on Cloudflare Cloudflare Inc. (NYSE:NET) shares gained 3% on Tuesday after Scotiabank upgraded the stock to Sector Outperform from Sector Perform, citing growing confidence in the company’s long-term position within AI infrastructure. Analyst Patrick Colville also increased his price target to $300 from $225, pointing to several catalysts that could support stronger…
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Visa shares slip as banks reportedly consider acquiring Fiserv debit network (V)
Payment stocks decline following reports of bank discussions Visa (NYSE:V) shares fell 2.3% in premarket trading on Tuesday, while Mastercard (NYSE:MA) declined 1.8% after reports that several major US banks have explored acquiring a debit payments network owned by Fiserv (NYSE:FI). According to The Wall Street Journal, ownership of the network could allow banks to…
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Amazon launches multi-tranche bond offering targeting at least US$25 billion (AMZN)
Company taps debt markets with eight-part bond sale Amazon.com Inc. (NASDAQ:AMZN) has launched an eight-part US investment-grade bond offering, seeking to raise at least US$25 billion through securities with maturities ranging from three to 40 years. The offering includes several tranches scheduled to mature on 9 July in their respective maturity years, including a three-year…
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Certara teams up with Nvidia to strengthen AI platform with BioNeMo toolkit (CERT)
Partnership expands AI capabilities for drug development Certara, Inc. (NASDAQ:CERT) has announced a collaboration with Nvidia (NASDAQ:NVDA) to integrate the Nvidia BioNeMo Agent Toolkit into its artificial intelligence platform, bringing together Certara’s biosimulation technology, regulatory expertise and proprietary data with advanced agentic AI capabilities. According to the company, the BioNeMo Agent Toolkit will become one…
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Palladyne AI gains after landing US Air Force contract for autonomous swarm technology (PDYN)
Defence agreement valued at US$4.2 million Shares of Palladyne AI Corp. (NASDAQ:PDYN) rose 4% on Tuesday after the company announced it had secured a US$4.2 million contract with the US Air Force Research Laboratory (AFRL) to support the development of advanced autonomous swarming capabilities for integrated multi-domain military operations. The programme, known as Hierarchical Adaptive…