SpaceX deal to buy cellular spectrum lifts shares premarket
SpaceX shares rose premarket after the company reached a deal to buy cellular spectrum licenses. Tower operator stocks rose premarket, while major wireless carriers fell.
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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.