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Analog Devices climbed on Friday as a broad semiconductor rally lifted analog and power-chip makers, with its Alif SemiconductorAcquisitionadding to the story.
Akamai Technologies (NASDAQ:AKAM) rocketed on Friday after Anthropic signed a seven-year, $11.6 billion cloud services commitment with the company, one of the week's biggest AI deals.
Anthropic's $11.6 billion, seven-year cloud commitment to Akamai has room to expand to about $20 billion and includes warrants, features that helped send the stock soaring on Friday.
Apple (NASDAQ:AAPL) edged up to around $340 on Friday as megacap technology stocks powered the market higher, with a renewed patent deal with Qualcomm adding to the background noise.
● Zscaler shares plunged after Jefferies flagged execution risk tied to the company's chiefRevenueofficer transition, adding to pressure already building on the stock.
● Zscaler shares plunged despite a recent quarterly beat, withEarnings Per Shareof $1.19 against expectations of $1.08, as investors focused on a salesLeadershipchange instead.
● Tower Semiconductor shares climbed strongly after Mizuho initiated coverage at Outperform with a $300 price target, citing the company's position in silicon photonics.
● Tesla shares slid after BNP Paribas Exane cut its price target on the stock from $280 to $268 while keeping an Underperform rating.
● TheEuropean Uniondelayed a vote on Tesla's Full Self-Driving software, leaving investors unsure when the technology can roll out more widely in the region.
● Verisk Analytics dropped on worries about slower organic growth combined with concerns that mild weather could reduce insurance-related claims activity.
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