AI infrastructure stocks rally on deal announcements from Qualcomm, Corning
CNBC·- Corning and Qualcomm announced major infrastructure deals with Verizon and Amazon, boosting Wall Street confidence in sustained data center spending and driving a rally in AI-related stocks. - Corning secured a multibillion-dollar partnership with Verizon to supply fiber-optic cables, while Qualcomm agreed to supply up to $60 billion in server chips to Amazon. - These agreements reinforce the broader AI infrastructure buildout and support projected market expansions, despite growing public opposition to local data center construction.Dow Jones Top Company Headlines at 7 PM ET: Ford's Use of Chinese Tech Called 'Unacceptable' by Transportation Secretary | Meta ...
MorningStar·- GE Aerospace agreed to acquire Consolidated Precision Products for $11.75 billion, while the U.S. government took minority equity stakes in three quantum-computing companies using a $300 million CHIPS Act deal. - Meta launched a new personal AI agent to monetize its investments, and Qualcomm partnered with Amazon to build data-center infrastructure. - Boston Scientific warned it would miss financial guidance due to a cyberattack, and Chime announced plans to acquire Stride Bank for $590 million.Advanced Micro Devies Upgraded, Eli Lilly Downgraded: Updated Rankings on Top Blue-Chip Stocks
InvestorPlace·- Louis Navellier revised the Stock Grader recommendations for 98 large blue-chip stocks based on institutional buying pressure and fundamental health data. - Advanced Micro Devices was upgraded to a strong rating, while Eli Lilly was downgraded to a strong rating in the latest rankings. - Investors are encouraged to review the updated list and utilize the proprietary screening tool to align their portfolios with current market ratings.