BlackRock's iShares Bitcoin Trust (IBIT) attracted $3.7 billion in net inflows in the latest quarter, raising its assets under management to $62.6 billion. This surge highlights IBIT's dominance in the US spot Bitcoin ETF market, as many competitors face net outflows. The fund's growth is driven by both fresh investor capital and Bitcoin price increases, making it the primary gateway for institutional Bitcoin exposure in the US. Sustained inflows also create consistent buying pressure on Bitcoin, supporting its market demand.
Roivant Sciences saw its price target raised to $52 by Jefferies, reflecting a 24.7% potential gain, following positive Phase 2 trial results for mosliciguat, a drug treating pulmonary hypertension linked to interstitial lung disease. The trial showe...
EVI Industries reported Q4 revenue of $121.87 million, surpassing analyst expectations of $117.1 million, and achieved a record fiscal year revenue of $446.6 million, marking a 15% increase year-over-year. The company met earnings per share forecasts...
Lakeland Industries continues to face profitability challenges with a projected negative EPS of -$0.06 and recent unprofitability. However, the company secured important contracts with the Hong Kong Government Flying Service and Airports of Thailand,...
Nvidia Corporation and Broadcom Inc. have reported exceptional earnings and optimistic guidance, driven by surging AI capital expenditures from major hyperscalers. Spending by the top six hyperscalers could exceed $1.3 trillion by 2027, fueling growt...
SpaceX shares rose 4% following Pivotal Research's initiation of coverage with a Buy rating and a $220 price target, significantly above current levels. The boost reflects strong growth in SpaceX's AI compute, Starlink, and launch businesses, with Q2...
