E-Power Inc. has formed a strategic alliance with Raytel Electronics to co-develop and launch next-generation 800G and 1.6T high-speed optical modules tailored for AI data centers in North America. This partnership combines Raytel's advanced optical communication technology with E-Power's power management solutions to enhance data throughput and energy efficiency in AI infrastructure. The collaboration aims to address the growing demand for ultra-fast data transmission and stable power supply in AI clusters, positioning both companies to capitalize on the expanding market for high-speed optical transceivers, expected to exceed $35 billion by 2030. The joint effort will focus on the US market, integrating their technologies to optimize data center performance and power usage effectiveness.
AngioDynamics reported an 8% revenue increase to $86.6 million in Q4, driven by a 16.7% sales rise in its Med Tech division, notably from NanoKnife and AlphaVac products. H.C. Wainwright raised the price target from $16 to $19 and maintained a Buy ra...
PNC Financial Services Group reported Q2 2026 adjusted EPS of $4.85 and record revenue of $6.88 billion, surpassing analyst expectations. The growth was driven by a 15.5% rise in net interest income and a 31.4% increase in fee income, reflecting stro...
Greenlight, a leading cannabis operator, expanded its Ohio presence by opening four new dispensaries and adding in-state manufacturing, reaching the state's maximum allowed eight dispensaries. This move strengthens Greenlight's position in Ohio's lim...
Halper Sadeh LLC is investigating whether shareholders of Element Solutions Inc (ESI), Crinetics Pharmaceuticals (CRNX), and Solstice Advanced Materials (SOLS) are receiving fair treatment in their respective sale and merger transactions. The firm hi...
Investment banks Scotiabank and Bernstein have lowered their price targets for Comcast due to increased competition from new players like SpaceX's Starlink and valuation risks. Comcast is also undergoing a major strategic shift by spinning off its NB...
