
BofA initiates coverage on Amkor with buy rating, price target $70
Amkor's strategic positioning in AI infrastructure and advanced packaging could significantly influence semiconductor industry dynamics.

Amkor's strategic positioning in AI infrastructure and advanced packaging could significantly influence semiconductor industry dynamics.

A Florida woman was allegedly stripped of more than $1.5 million in jewelry and precious metals and $280,000 in cash after scammers posing as bank employees convinced her that her accounts had been compromised. Treasure Island police arrested Alnesha Bianca Handy, 35, and James Arthur Graves Graham Jr., 24, in connection with the alleged scheme […]
The SEC subpoenaed Bank of America, Citi, Goldman and JPMorgan over the AI fund that lost 67% and sold to Citadel.

Ernst & Young and Bank of America have agreed to pay $2.5 million to settle a class-action lawsuit stemming from a 2023 data breach involving the MOVEit file transfer service. The settlement resolves allegations that the companies failed to adequately protect consumers’ personal information after a vulnerability in MOVEit Transfer was exploited. The security incident […]

The case highlights vulnerabilities in large-scale transactions, emphasizing the need for stricter controls to prevent insider trading and protect investors.

The convergence of spending patterns suggests a more equitable economic recovery, potentially stabilizing consumer markets and reducing inequality.

Rising bond yields could destabilize markets, prompting a shift to defensive assets and increasing fiscal and political pressures.

Ethereum is gaining momentum as BTC weakness and Bank of America’s rotation point to a broader altcoin shift.

An elderly Virginia woman lost $77,000 after scammers allegedly impersonated Amazon, Bank of America and the Federal Trade Commission (FTC) in a scheme designed to convince her that her identity had been tied to criminal activity. The Alexandria resident was first contacted June 26th by a woman calling herself “Anna Covery,” who claimed to work […]
BofA analyst Vivek Arya says Nvidia stock trades at up to a 50% discount and keeps a $350 target ahead of earnings.

Nvidia's potential stock surge highlights the transformative impact of AI on tech valuations, challenging market skepticism and growth perceptions.

BofA's significant reduction in Strategy shares highlights a cautious approach to volatile assets, potentially influencing institutional investment trends.

Gold's role as a hedge highlights investor caution amid economic uncertainty, potentially driving long-term shifts in asset allocation strategies.

BofA's AI tracker could drive transparency and standardization in AI model evaluation, influencing enterprise AI investment decisions.

Nebius' rapid growth and revised price target highlight the volatile nature of AI investments, posing a dilemma for investors amid contrasting market views.

The projected growth in the data-center market underscores the escalating demand for AI infrastructure, reshaping tech investment priorities.
Bank of America raised its 2030 server CPU market forecast to more than $210 billion this week and kept AMD as its top pick. The options market disagrees, with traders now holding more bearish contracts on AMD stock than bullish ones. AMD closed at $483.01 yesterday, roughly double its April price. Behind the rally, positioning

ERock's strategic positioning in AI power solutions could drive significant growth, contingent on Anthropic's IPO success and market dynamics.
BofA's Aditya Bhave defends the bank's three-hike Fed forecast after July's CPI report, saying tightening remains incomplete.

BofA's strategic move into India's lending market could reshape financial dynamics, signaling increased foreign investment and competition.