Nasdaq Futures Fall More Than 1% as AI Concerns Resurface
Nasdaq futures slid more than 1% on Thursday amid renewed pressure on high-growth stocks. Tesla and Meta earnings did little to ease concerns over AI spending, while oil prices rebounded.
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Bank of America lifts Soitec on margin outlook
Bank of America analysts raised Soitec to buy from neutral, saying photonics should significantly expand the French semiconductor-materials maker's gross margin over the coming years. They see gross margin rising to 29% in fiscal 2027, 39% in fiscal 2028 and 44% in fiscal 2029.
Citi sees Novo Nordisk sales slightly above consensus
Citi said Novo Nordisk's third-quarter sales could come in 1% above consensus, helped by a strong Wegovy pill launch in the U.K. The bank cut its target price to 296 kroner from 310 kroner and kept a neutral rating.