ADVFN US – Market Content Editor
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Micron rises after brokers lift price targets on strong memory pricing outlook
Shares of Micron Technology (NASDAQ:MU) climbed more than 4% in premarket trading on Monday after several Wall Street analysts raised their price targets, citing continued strength in memory chip pricing and solid demand tied to artificial intelligence workloads. An analyst at RBC Capital Markets, Srini Pajjuri, lifted his target price to $525 from $425 while…
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AirSculpt Technologies postpones annual report filing; posts $151.8M in revenue
AirSculpt Technologies Inc. (NASDAQ:AIRS) said it will submit a Form 12b-25 to the U.S. Securities and Exchange Commission, allowing the company to delay the filing of its annual report by 15 days. The Miami Beach-based body contouring specialist stated that additional time is required to finalize the classification of inter-company transactions and balances for the…
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U.S. stocks poised to rebound as oil prices retreat: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures are signaling a strong start to Monday’s session, suggesting that markets may recover some of the losses recorded last week. The early momentum appears to be driven by a sharp decline in crude oil prices, which are down about 3.2% after surging 8.6% during the previous week. The drop in oil…
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Cannabix Technologies Launches Groundbreaking Marijuana Breath Test for Detecting Recent Cannabis Use
Cannabix Technologies Inc (USOTC:BLOZF) has announced the commercial launch of its long-anticipated Marijuana Breath Test (MBT) system, marking a major milestone in the evolution of cannabis detection technology. The Vancouver-based company revealed that it has begun a phased commercial rollout of the system, delivering initial units to select commercial customers across multiple industries while preparing…
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NESR wins $300 million in long-term cementing service contracts
National Energy Services Reunited Corp. (NASDAQ:NESR) said it has secured a series of multi-year cementing service agreements worth about $300 million, according to a company announcement. The contracts run for five years and cover projects in Kuwait and parts of North Africa. NESR delivers integrated energy services across the Middle East and North Africa. “Based…
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VNET Group tops revenue forecasts on strong AI-driven demand; shares rise
VNET Group, Inc. (NASDAQ:VNET) reported fourth-quarter revenue that came in above analyst expectations, supported by strong momentum in its wholesale data center segment, although earnings per share were slightly below forecasts. The company’s shares gained about 1% in premarket trading on Monday following the announcement. The carrier- and cloud-neutral data center services provider posted quarterly…
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Sable Offshore stock jumps after Trump administration orders drilling restart
Shares of Sable Offshore (NYSE:SOC) gained more than 6% in premarket trading on Monday after the Trump administration instructed the company to resume oil drilling activities off the coast of Southern California. U.S. Energy Secretary Chris Wright notified Sable Offshore late Friday that operations should restart at the Santa Ynez unit as well as the…
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Oil rally and geopolitical tensions shake markets, but JPMorgan advises buying weakness
Rising crude prices and growing geopolitical risks have started to pressure investor confidence, yet JPMorgan strategists say the broader market environment still supports using recent pullbacks as an opportunity to increase exposure to equities. “The initial consensus by most was to buy the dip, but since the 2nd weekend of conflict many pundits started to…
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Meta shares rise after report of potential 20% workforce reduction to manage AI spending
Shares of Meta (NASDAQ:META) moved higher in premarket trading on Monday following a report that the company is weighing substantial job cuts as it increases investment in artificial intelligence infrastructure. Reuters reported over the weekend, citing people familiar with the matter, that Meta is evaluating layoffs that could impact more than 20% of its workforce…
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Five key market drivers to watch in the week ahead
The ongoing conflict involving Iran and its impact on global oil prices remains the dominant theme for financial markets as the new trading week begins. However, investors will also be monitoring several other potential catalysts. Alongside developments in the Middle East, Nvidia (NASDAQ:NVDA) CEO Jensen Huang is scheduled to deliver a closely watched presentation on…