Richardson Electronics was upgraded to a soft Buy at around $16.56 following a strong Q4 fiscal 2026 performance, which included a 27.6% increase in revenue and a non-GAAP EPS of $0.21. The growth was driven by strong demand in semiconductor and RF/microwave sectors. Management expects continued growth into 2027, supported by new BESS shipments and a pipeline of over 50 opportunities, including a multi-million-dollar order expected in Q1 fiscal 2027. The stock valuation is currently full at about 43 times trailing earnings, but the risk/reward balance is favorable, leading the analyst to accumulate shares and sell puts targeting a sub-$16 average cost.
Tesla began offering rides in its new two-seat Cybercab in Austin, Texas, marking its first vehicle designed solely for autonomous driving without manual controls. The launch event was low-key, with no live footage or executive speeches, and the vehi...
RBC Capital Markets reaffirmed its 'outperform' rating on Oxford BioMedica, despite clinical trial pauses by partners Novartis and BMS. The broker views the trial halts as having limited financial impact, with only £10-16 million in annual clinical r...
Cheetah Mobile Inc., a China-based AI-focused IT company, will release its financial results for the second quarter of 2026 on September 11 before the U.S. market opens. The company will host a conference call for investors on the same day to discuss...
A Bitcoin wallet from the Satoshi era, dormant since 2011, moved 40 BTC worth about $3.09 million, showing a 2,571,899% gain. This move challenges a $293 billion class-action lawsuit in New York claiming dormant crypto is abandoned property. The tran...
Bitcoin surged past $80,000 following a 4.3% gain on Friday, extending a strong recovery that began in late August after a tough third quarter. Despite the rally, Fidelity warns the bear market might not be over, citing Bitcoin's historical four-year...
