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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.
Stock futures rose Friday as AI-related shares recovered and oil prices fell. The rebound followed Thursday's tech selloff, while investors also looked ahead to next week's earnings season and later U.S. consumer sentiment data.
SpaceX reached a deal to buy U.S. cellular spectrum licenses from Grain Management for about $8 billion in cash, according to people familiar with the matter. The move expands Elon Musk's company further into the wireless market.
WSJ reports SpaceX will pay about $8 billion in cash to buy cellular spectrum licenses from Grain Management, citing an unverified story.
SpaceX agreed to buy cellular spectrum licenses from Grain Management for about $8 billion in cash, according to people familiar with the matter. The deal is the company’s biggest move yet into the wireless market and its shares rose after hours.