ADVFN US – Market Content Editor
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Baosheng Signs AI Tourism Platform MOU to Expand AI Commercialization Strategy
Baosheng Media Group (NASDAQ:BAOS) has signed a non-binding memorandum of understanding (MOU) with Beijing Zhongcheng Kexin Technology Development Co., Ltd. to explore the development of an AI-powered marketing and service platform for tourist attractions, marking another step in the company’s AI commercialization roadmap. Key Investor Takeaways Why BAOS Stock Is in Focus Baosheng announced a…
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Digital Brands Group Expands AVO Collegiate Licensing Program and Appoints Former Vuori Executive to Board
Digital Brands Group (NASDAQ:DBGI) has appointed former Vuori Chief Digital Officer David Sosnowski to its Board of Directors while expanding its AVO collegiate licensing program from one to 22 university partnerships, positioning both initiatives ahead of the upcoming U.S. college football season. Key Investor Takeaways Why DBGI Stock Is in Focus Digital Brands Group announced…
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Alphabet stock gains on report of next-generation AI chip project
Alphabet Inc. (NASDAQ:GOOGL) shares rose 1.15% on Monday after a report said Google is developing a new generation of AI chips that could dramatically improve efficiency by embedding its Gemini artificial intelligence model directly into the chip architecture. According to The Information, the experimental initiative, known internally as “Frozen v2,” is intended to eliminate much…
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QumulusAI boosts AI infrastructure with major Nvidia Blackwell GPU order
QumulusAI (NASDAQ:QMLS) has announced the purchase of 1,632 Nvidia Blackwell B300 GPUs as part of a significant expansion of its AI cloud infrastructure, marking one of the company’s largest capacity investments to date. The order includes 204 Nvidia HGX B300 systems equipped with the latest Blackwell B300 GPUs, alongside an additional 192 Nvidia RTX PRO…
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AeroVironment stock rises after securing $117.3 million U.S. Army drone contract
AeroVironment Inc. (NASDAQ:AVAV) shares climbed 2.7% in premarket trading on Monday after the defense technology company announced it had been awarded a $117.3 million contract by the U.S. Army for its P550 unmanned aerial system. The agreement, issued under a Basic Ordering Agreement through the Army’s Unmanned Aircraft Systems Marketplace initiative, covers the delivery of…
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Monster Beverage stock downgraded by Deutsche Bank as valuation limits upside
Monster Beverage (NASDAQ:MNST) was downgraded to Hold from Buy by Deutsche Bank, with analysts arguing that the energy drink maker’s recent share price rally has left limited room for further gains despite the company’s continued operational strength. The brokerage also increased its price target to $98 but noted that the revised target represents only around…
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LXP Industrial stock rises as Brookfield and CPP Investments agree $5.2 billion buyout
LXP Industrial Trust (NYSE:LXP) shares gained 3.8% in premarket trading on Monday after Brookfield Asset Management (NYSE:BAM) and Canada Pension Plan Investment Board announced an agreement to acquire the industrial real estate company in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity. Under the terms of the definitive merger…
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IMAX stock gains after The Odyssey posts record opening weekend
IMAX Corporation (NYSE:IMAX) shares rose 4% after Christopher Nolan’s The Odyssey generated a record-breaking $52 million in global ticket sales across IMAX theatres during its opening weekend. Filmed entirely using IMAX 70mm cameras, The Odyssey accounted for 20% of the film’s worldwide opening box office. The release also set a new IMAX record for the…
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AMD stock climbs after Microsoft expands Azure AI partnership
Advanced Micro Devices (NASDAQ:AMD) shares gained 5% on Monday after Microsoft announced a major expansion of its strategic partnership with the chipmaker, positioning AMD’s latest AI hardware as a key component of Azure’s next-generation cloud infrastructure. At the centre of the agreement is Microsoft’s large-scale adoption of the AMD Helios Rackscale Solution, which will support…
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Wall Street futures rise as oil eases and investors prepare for tech earnings: Dow Jones, S&P, Nasdaq
Wall Street futures point to a stronger open U.S. stock futures traded higher on Monday, indicating Wall Street could begin the new week with gains after two consecutive sessions of sharp declines. Investors appear to be taking advantage of lower share prices following last week’s sell-off, with technology stocks leading the expected rebound. Nasdaq 100…