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  • Business
    Investing.com

    Exclusive: Whitestone REIT 'carefully considering' MCB's $15/share takeover offer

    Investing.com -- Whitestone REIT (NYSE:WSR) "will carefully consider" the $15-per-share offer officially made by MCB Real Estate earlier this week, which values the shopping mall operator at around $1.45 billion, the company told Investing.com exclusively.

  • Business
    Investing.com

    Scotiabank Starts big tech coverage: Amazon and Google Outperform, Meta Neutral

    Investing.com -- Scotiabank initiated coverage on three major tech giants—Alphabet (Google (NASDAQ:GOOGL)), Amazon (NASDAQ:AMZN), and Meta Platforms—assigning Sector Outperform (Buy) ratings to Google and Amazon, while rating Meta Platforms (NASDAQ:META) as Sector Perform (Neutral).

  • Business
    Investing.com

    This chip company has a 'multi-year $100-$125bn AI opportunity': BofA

    In a note Friday, Bank of America analysts highlighted Broadcom (NASDAQ:AVGO)'s promising position in the AI space, projecting a significant long-term opportunity. During a meeting with Broadcom’s CEO Hock Tan, CFO Kirsten Spears, and IR head Ji Yoo, BofA reaffirmed its Buy rating on the stock and raised its price target to $215, citing a “multi-year $100-$125bn AI opportunity.” According to the BofA report, Broadcom’s AI opportunity is growing rapidly, with AI-related revenues expected to make up $12 billion or 24% of the company’s sales in FY24.