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The Latest Breaking News from Bank of America Securities

Meta Preps Major Metaverse Cuts, Analysts Predict Earnings Pop

Wall Street analysts rerated Meta Platforms Inc (NASDAQ:META) after the company said that it is considering cutting up to 30% of its 2026 Metaverse budget, primarily targeting the Quest virtual reality unit and Horizon Worlds, which account for the bulk of metaverse-related investment.

Benzinga

Workday Stock Is 'Undervalued,' Poised For Growth: Analyst

Workday, Inc (NASDAQ:WDAY) continues to show solid deal momentum, according to Bank of America Securities analyst Brad Sills.

Benzinga

AMD Sets Ambitious AI, Earnings Goals Through 2030

Advanced Micro Devices, Inc’s (NASDAQ:AMD) 2025 Financial Analyst Day in New York outlined aggressive growth targets powered by soaring demand for artificial intelligence graphics processing units (GPUs) and Datacenter central processing units (CPUs).

Benzinga

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Amazon's Cloud Division Faces New AI Competition from Microsoft and Google

Amazon Web Services (AWS), a leading cloud computing provider, finds itself in the crosshairs after a difficult week that highlighted its growing challenges in the age of artificial intelligence.

Benzinga

AI's $1.2 Trillion Growth Will Rest On Data Centers And Power, Not Financing Schemes

Investor fears about vendor financing in the U.S. semiconductor industry are overstated, according to Bank of America Securities analyst Vivek Arya.

Benzinga

Oklo Stock Is Sliding Tuesday: What's Going On?

Shares of Oklo Inc (NASDAQ:OKLO) are trading lower Tuesday after Bank of America Securities downgraded the nuclear energy company from Buy to Neutral, citing valuation concerns. Here’s what investors need to know.

Benzinga

Apple's iPhone 17 Impresses On Design, But Analysts Say AI Still Lags

Wall Street analysts praised Apple's (NASDAQ:AAPL) iPhone 17 event for delivering thinner designs, upgraded cameras, and tighter AI-health integration, but cautioned that innovation remains incremental.

Benzinga

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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

Benzinga

Big Trouble At Lockheed As Classified Program Blowups Trigger Billions In Losses

Lockheed Martin Corp. (NYSE:LMT) reported $1.8 billion in charges in the second quarter, led by a classified Aeronautics program and two Rotary and Mission Systems projects, prompting Bank of America Securities (BofA) analyst Ronald J. Epstein to trim his outlook.

Benzinga

CoreWeave, Applied Materials And Hims & Hers Are Among Top 10 Large Cap Losers Last Week (August 11-August 15): Are The Others In Your Portfolio?

These ten large-cap stocks were the worst performers last week. Are they a part of your portfolio?

Benzinga

What's Going On With Coherent Stock On Thursday?

Coherent Corp. (NYSE:COHR) shares plummeted on Thursday after the company announced it will sell its aerospace and defense unit to Advent for $400 million.

Benzinga

Amazon's Grocery Delivery Expansion Seen As Game-Changer In $90-Billion Online Market Opportunity

Amazon.com (NASDAQ:AMZN) continued to trade higher on Thursday, fueled by investor optimism surrounding its U.S. grocery delivery service expansion to all customers in over 3,500 cities. Previously limited mainly to Prime members, the service now offers same-day delivery from Amazon Fresh and Whole Foods to everyone, with lower fees for Prime…

Benzinga

Spotify's Subscriber Boom Can't Hide Ad Woes: Analyst

Wall Street analysts rerated Spotify Technology (NYSE:SPOT) after the company’s quarterly results. The stock gained on Wednesday.

Benzinga

Netflix's Blockbuster Profits Overshadowed By 'Anemic' Engagement

Despite delivering a robust second-quarter earnings report that surpassed analyst expectations and raised full-year guidance, Netflix (NASDAQ:NFLX) stock dipped over 5% on Friday, leaving investors to weigh strong financials against underlying concerns.

Benzinga

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Benzinga

Expedia Gears Up For Takeoff As Travel Bookings Bounce Back

Expedia Group Inc. (NASDAQ:EXPE) is drawing fresh optimism from Wall Street amid signs of a rebound in U.S. travel demand.Bank of America Securities (BofA) analyst Justin Post reiterated the Buy rating on Expedia Group, with a price forecast of $211. Post maintains a positive stance on Expedia, noting that a mild…

Benzinga

Crocs To Sacrifice Sales To Protect Margins, Analyst Cuts Price Target

Crocs Inc's (NASDAQ:CROX) management is likely focusing on keeping inventory clean against a softer wholesale backdrop, rather than trying to meet sales targets, in order to help protect margins, according to Bank of America Securities.

Fortune

DOGE’s claimed contract savings of $24.8 billion are ‘overstated,’ BoA says

The cost-cutting team claims to have saved around $24.8 billion in contract cancellations and renegotiations as of March 30, up from $21.6 billion last week.

Barchart

This 'Mag 7' Stock Could Rise Another 21%, Says Bank of America

A Bank of America analyst believes Apple’s growth and fiscal strategies will continue to work in its favor, boosting the stock price.

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Barchart

5 Top AI Chip Stocks to Buy This April

Amid the ongoing rally of AI chip stocks in 2024, a Bank of America Securities analyst just highlighted five AI-focused chip companies for investors still seeking exposure to this breakout industry.

Barchart

Stocks Rally on Hopes for Progress on U.S. Debt Ceiling Negotiations

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +1.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.24%, and the Nasdaq 100 Index ($IU ) (QQQ ) closed up +1.22%. Stock indexes Wednesday posted moderate gains, with the S&P...

Barchart

Stocks Advance on Hopes for Debt Ceiling Progress

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.28%. U.S. stocks this morning are moderately higher on hopes...

The Independent UK

Dan Snyder hires firm to ‘explore’ sale of Washington Commanders

The Bank of America Securities have been hired to ‘consider potential transactions’

Chicago Sun-Times

Snyders could be considering selling the NFL’s Washington Commanders

Dan and Tanya Snyder said they have hired Bank of America Securities to “consider potential transactions.”

The Guardian - US

Snyder hires BofA Securities to explore possible sale of scandal-hit Commanders

The Washington Commanders announced on Wednesday that the team and its owners have hired Bank of America Securities to ‘consider potential transactions’

WEKU

Washington Commanders owners are exploring a potential sale of the NFL team

The team, worth an estimated $5.6 billion, could soon be for sale, after owners Dan and Tanya Snyder said they have hired Bank of America Securities to "consider potential transactions."

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