B. Riley Adjusts Price Target on Alpha and Omega Semiconductor to $25 From $34
B. Riley has lowered its price target for Alpha and Omega Semiconductor Limited while maintaining a Neutral rating.
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Dow futures up 100 points as U.S. stock futures rise. Cerebras Systems Inc shares down after worse-than-expected quarterly sales. Other stocks also fall.
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B. Riley has lowered its price target for Alpha and Omega Semiconductor Limited while maintaining a Neutral rating.
U.S. stocks mixed as Dow fell ~100 points; Silence Therapeutics surged 125.7% on Merck KGaA buyout, while biotech and tech shares gained.
Stifel analyst Tore Svanberg maintains Alpha & Omega (NASDAQ:AOSL) with a Hold and lowers the price target from $38 to $34.
Investment research firm Culper Research has announced a short position in Cerebras Systems.
Cerebras Systems stock surged 10.1% after announcing a partnership with Oracle Cloud Infrastructure to offer its fast inference AI processing capabilities. The collaboration marks the third major cloud provider to integrate Cerebras' Wafer-Scale Engine, following AWS and Microsoft Azure. While the partnership validates Cerebras' technology and expands its enterprise customer access, the company remains a risky investment competing directly with Nvidia in a competitive AI chip market.
Cerebras Systems and Oracle have partnered to integrate Cerebras' high-speed AI inference capabilities into Oracle Cloud Infrastructure (OCI) to support enterprise and developer AI applications.