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TezNewz delivers AI-scored financial news with impact ratings from -100 to +100. Latest stories cover Unknown sectors. Top impact story: "TSMC Mulls Advanced Chip Production At Japan Plant To Meet Soaring AI Demand: Report" with +75 impact score.
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Taiwan Semiconductor Manufacturing Co. (TSMC) is considering producing advanced 4-nanometer chips at its second plant in Japan to address the rising demand for AI products. The Kumamoto plant, initially set for 6-nm and 7-nm chip production, may face delays in its 2027 launch due to this potential shift. TSMC's net revenue for the latest quarter was NT$343.61 billion ($11.01 billion), reflecting a 24.5% year-over-year increase, while its stock has risen 53.85% year-to-date, despite a recent 2.22% drop to close at $310.14.
Loews Corporation announced that the Delaware Supreme Court ruled in its favor regarding the litigation over its 2018 acquisition of minority interests in Boardwalk Pipelines. The court found a breach related to the partnership agreement but remanded the issue of tortious interference back to the Delaware Court of Chancery. Previously, a 2021 ruling awarded $690 million to former minority unitholders, but this was reversed in December 2022, and the remaining claims were resolved in Loews's favor in September 2024. The plaintiffs have appealed this ruling.
Mizuho analyst Vijay Rakesh has initiated coverage on D-Wave Quantum (NYSE: QBTS) with an Outperform rating. The firm has set a price target of $46 for the stock.
Semiconductor stocks fell on Thursday following Oracle Corporation's mixed quarterly results, which included a 54% increase in adjusted earnings per share to $2.26 but lower-than-expected revenue of $16.06 billion. Oracle plans to increase capital expenditures by $15 billion in fiscal 2026 to address a record $523 billion backlog, primarily linked to AI infrastructure contracts. The broader chip sector is also facing geopolitical pressures from U.S. export controls on advanced semiconductors to China, contributing to the decline in stocks such as Nvidia, which dropped 1.37% to $181.26, and Oracle, which fell 12.38% to $195.40.
Mizuho analyst Vijay Rakesh has initiated coverage on Rigetti Computing (NASDAQ: RGTI) with an Outperform rating. The analyst has set a price target of $50 for the company's stock.
RedCloud Holdings (NASDAQ: RCT) reported a loss of $(0.74) per share for the first half of the year, an improvement from $(1.01) per share in the same period last year, reflecting a 26.73% decrease in losses. The company's sales reached $17.974 million, exceeding the analyst estimate of $10.900 million by 64.90%, and marking an 11.81% increase from $16.075 million in the prior year.
Mizuho analyst Vijay Rakesh has initiated coverage on IonQ (NYSE: IONQ) with an Outperform rating. The firm has set a price target of $90 for the company's stock.
Barrington Research analyst Alexander Paris has reiterated an Outperform rating on Franklin Covey (NYSE: FC) and maintained a price target of $22. No specific financial figures or strategic changes were mentioned in the article.
