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The post Wall Street analysts set INTC stock price for 12 months appeared on BitcoinEthereumNews.com. As Intel Corp. (NASDAQ: INTC) stock signals a potential cycle top, two more Wall Street analysts have assigned a neutral rating. Ruben Roy, a Wall Street analyst at Stifel Nicolaus, assigned a ‘Hold’ rating for INTC stock on July 10 in a note to clients. However, Roy raised his 12-month target price for Intel stock to $120 from $75, signaling a potential 9.94% upside. The analyst noted that the company remains heavily reliant on the commentaries on central processing units (CPUs) and graphics processing units (GPUs). Furthemore, INTC stock is among the AI stocks that benefited from the significant ongoing investors’ AI buildout. “We expect the stock to move more on end-demand comments (ASPs and volumes) tied to server CPUs and to supply-side comments (yields and volumes) on the GPU side of the business,” Roy stated. Meanwhile, Aaron Rakers, an analyst at Wells Fargo & Co. (NYSE: WFC),
Read full articleBitcoin miner Cleanspark (Nasdaq: CLSK) purchased 454 BTC worth about $29 million on July 7, lifting its treasury to 13,924 BTC even as much of the mining industry sells coins to survive the bear market. Swimming Against The Tide The purchase was made at an average price of roughly $64,000 per coin, according to trackers, […]
Wallet in Telegram is offering tokenized access to SK Hynixs U.S. listing through xStocks as the AI memory leader makes its Nasdaq debut. The post Wallet in Telegram brings SK Hynix listing onchain through xStocks appeared first on Crypto Briefing.
The post Why This Nasdaq Bitcoin Company Just Sold $87 Million Worth of BTC appeared on BitcoinEthereumNews.com. The post Why This Nasdaq Bitcoin Company Just Sold $87 Million Worth of BTC appeared first on Coinpedia Fintech News Nasdaq-listed company Empery Digital has sold a large chunk of its Bitcoin holdings to raise cash, according to a filing with the US Securities and Exchange Commission. At the time of writing, Bitcoin price is up by more than 2.20% and is trading slightly below the $64,000 mark. What happened Empery Digital sold 1,400 Bitcoin … Source: https://coinpedia.org/news/why-this-nasdaq-bitcoin-company-just-sold-87-million-worth-of-btc/
Empery Digital sold 1,400 BTC at an average price of $62,200, raising $87.1M. The company will use proceeds for debt repayment, property deals, and legal expenses. Empery Digital is shifting focus toward AI data centers and energy infrastructure. Empery Digital has sold 1,400 Bitcoin for approximately $87.1 million as the Nasdaq-listed company redirects capital toward […] The post Empery Digital Sells 1,400 BTC to Repay Debt and Fund AI Expansion appeared first on Live Bitcoin News.
The post SK Hynix Shatters Records with $26.5B US IPO Debut appeared on BitcoinEthereumNews.com. TLDR Friday’s session saw the Dow rise 0.1%, S&P 500 remain unchanged, and Nasdaq decline 0.2% South Korean chipmaker SK Hynix secured $26.5 billion through its American stock offering, setting an all-time record for foreign companies Semiconductor sector experienced downward pressure before SK Hynix’s Nasdaq trading debut Crude oil maintained levels around $72 per barrel as Strait of Hormuz shipping experienced renewed disruptions Delta Air Lines exceeded profit forecasts but shares declined due to elevated fuel expenditures American equity markets displayed varied performance Friday morning as market participants focused on an unprecedented Wall Street milestone. South Korean memory semiconductor manufacturer SK Hynix commenced Nasdaq trading following a record-shattering $26.5 billion American stock offering. This unprecedented capital raise establishes a new benchmark as the most substa
The SK Hynix IPO may shift global investment focus towards US markets, potentially impacting capital flows into alternative assets like crypto. The post Nasdaq president says SK Hynix listing is sparking a wave of global IPO interest appeared first on Crypto Briefing.
The post Empery Digital sells 1,400 BTC for $65M to fund AI pivot appeared on BitcoinEthereumNews.com. Empery Digital (NASDAQ: EMPD) sold 1,400 Bitcoins from the stash it built throughout 2025 at an average of $62,200 a coin, raising about $87.1 million to invest in AI data centers and pay down debt. The Nasdaq-listed company started the sale in May and is now left holding 1,514 BTC. Why did Empery Digital sell its Bitcoin? Barely one year ago, Empery Digital rebranded from Volcon Inc. and changed its whole business plan from electric vehicles to focusing on holding Bitcoin. Now, it is walking away from that strategy to chase the booming demand for AI computing power. Why? The simple answer is that its Bitcoin investment lost a lot of value. Cryptopolitan previously reported that Empery bought most of its Bitcoin when prices were around $117,000 per coin. However, when prices fell below $70,000 earlier this year, those holdings dropped more than 40% in value. The company revealed in an
SK hynix's Nasdaq debut highlights the escalating demand for AI infrastructure, potentially reshaping global tech investment dynamics. The post SK hynix surges to $170 on Nasdaq debut, topping SpaceX’s opening day pop appeared first on Crypto Briefing.
