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German sportswear giant Adidas is benefiting from multiple structural growth drivers that should last well beyond the near-term boost offered by the ongoing FIFA World Cup , according to analysts at UBS. In a note Monday, the Swiss bank reiterated its “Buy” rating Adidas stock with a 12-month price target of 219 euros, implying upside of around from its July 3 closing price of 185.30 euros. Tournament tailwind Robert Krankowski, equity analyst at UBS in London, said the World Cup can serve as a critical growth catalyst for Adidas as it looks to strengthen its long-term positioning in the crucial…

Gabby Jones | Bloomberg | Getty ImagesAnthropic on Monday signed a 20-year lease to use a TeraWulf data center in Kentucky. The data center, located about an hour southwest of Louisville in Hawesville, will have capacity of around 400 megawatts with first power delivery expected in the second half of 2027. TeraWulf shares soared more than 16% in premarket trading. The lease is expected to generate around $19 billion in revenue over the initial term.”The Anthropic lease validates our strategy and establishes a long-duration revenue stream with one of the world’s leading AI companies,” CEO Paul Prager said. TeraWulf also…

Why is Lam Research stock surging today? Source link

With production capped at 80 units in total, final assembly of each 21C is performed largely by hand at Czinger’s Area 21 facility in Torrance, California. But Czinger Vehicles’ brand communications head Max Morice noted during a tour of the site that the company intends to move into higher-volume segments further down the road. And thanks to the lack of traditional tooling requirements, that transition should be fairly seamless. “The goal is for this manufacturing process to be the way everything is built,” Morice said. “It’s vehicle-agnostic, so you can build a Czinger, you can build parts for an Aston…

Mark Lazarus, chief executive officer of Versant, at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Wednesday, April 15, 2026. Aaron Schwartz | Bloomberg | Getty ImagesVersant Media Group, the owner of cable networks including CNBC, MS Now and the Golf Channel, has agreed to acquire golf simulation company Full Swing from private equity firm Bruin Capital for about $530 million in cash.The deal follows a template CEO Mark Lazarus has outlined to investors since Versant began trading as a public company in January following its spinout…

Toss reportedly postpones Nasdaq listing plans for 2026 Source link

Bentley is preparing to add a fourth model to its rarified lineup, and today we know what it will be called: the Torcal. The carmaker has been working on its first electric vehicle for a while now; it was seen testing in the Arctic Circle late last year, giving us a sneak peek at the interior. A few weeks ago, another example was spotted at the Nürburgring. Speculation had been mounting over what Bently would call its first battery EV—although sleuths spotted a European and UK trademark filing for Torcal earlier this year, the absence of a related US trademark…

ASML’s lithographic manufacturing technology could gain traction in part of the artificial intelligence industry, meaning the stock could see strong returns the near future, according to Bernstein. The investment firm has an outperform rating on ASML. It raised its price target on U.S.-listed shares to $2,623 from $1,971, implying 48% upside from Thursday’s close. “We materially increase our ASML topline forecasts following the unprecedented AI-driven expansion in both advanced logic and DRAM capacity,” analyst David Dai said Monday in a note to clients. “High Numerical Aperture Extreme Ultraviolet [HNA EUV] will likely be adopted first in [Dynamic Random-Access Memory] than…

Maersk, Hapag-Lloyd to resume sailings through Suez Canal for one of their services Source link

A Chinese smart-glasses maker founded by an Apple veteran has become a unicorn after a funding round with investors including Meituan and Tencent.Even Realities Technology raised $150 million in the pre-Series B round, giving it a valuation of $1 billion. Company’s founder and CEO Will Wang, who worked at Apple from 2016 to 2018 and was involved in the development and mass production of Apple Watch and iPhone, is eyeing the AI wearable market dominated by Meta Platforms.The company will use the funds to develop its next-generation smart glasses platform, deepen AI integration, scale up global operations and accelerate product…