Nasdaq 100 Falls as Hot PCE Inflation Stirs Rate-Hike Bets: Stock Market Today

OpenAI, Anthropic Slowdown Call Won't Derail AI Infrastructure Demand, Why One Fund Manager Sees No Spending Pause in Sight

Gabelli Funds PM Hendi Susanto says AI infrastructure demand remains strong despite slowdown calls, with supply tight through 2027.

CIEN's New Venture Fund: Can it Turn AI Networking Into Growth Engine?

Ciena Corporation launched Ciena Ventures, a $200 million corporate venture capital program focused on next-generation connectivity technologies including networking infrastructure, data centers, and optical interconnects. The company expects its addressable market to reach $50 billion by 2029 driven by AI-driven bandwidth demand, with fiscal 2027 revenue projected to grow at least 30% to $8.3-$8.4 billion. However, Ciena faces intense competition from Cisco and Arista Networks in the AI networking space.

RBC Capital Maintains Outperform on Anglogold Ashanti, Raises Price Target to $119

RBC Capital analyst Josh Wolfson maintains Anglogold Ashanti (NYSE:AU) with a Outperform and raises the price target from $111 to $119.

JP Morgan Maintains Overweight on Anglogold Ashanti, Raises Price Target to $140

JP Morgan analyst Patrick Jones maintains Anglogold Ashanti (NYSE:AU) with a Overweight and raises the price target from $134 to $140.

Shares of precious metal-related companies are trading lower in response to surging oil prices and Friday's economic data, which spurred Fed rate hike expectations. The commodity may be experiencing weakness in response to a stronger dollar. (edited)

Argus Research Reiterates Hold on Bath & Body Worksto Hold

Argus Research analyst Taylor Conrad reiterates Bath & Body Works (NYSE:BBWI) from Hold to Hold.