FMP
Oct 21, 2024 5:50 PM - Davit Kirakosyan
Image credit: FMP
Lumen Technologies (NYSE:LUMN) saw its shares surge by more than 15% intra-day today following the announcement of a strategic collaboration with
Meta Platforms (NASDAQ:META) designed to significantly expand network capacity to support Meta’s rapidly growing artificial intelligence (AI) infrastructure.
The partnership will tap into Lumen’s Private Connectivity Fabric, providing Meta with enhanced interconnection capabilities and greater bandwidth flexibility. This boost is aimed at enabling Meta to meet the increasing demands for AI-driven services, which are critical to its long-term vision of advancing AI technology for a more connected world.
This move underscores the escalating demand for infrastructure as AI applications continue to evolve, tackling complex tasks like real-time language translation and image generation. Through this initiative, Meta will gain access to both existing and new fiber routes between data centers, ensuring it can seamlessly scale to meet the needs of billions of users worldwide.
Oct 21, 2024 1:08 PM - Alex Lavoie
On October 21, 2024, Cantor Fitzgerald maintained its "Overweight" rating for CVRx, Inc. (NASDAQ: CVRX), a company specializing in medical devices. The stock was held at a price of $10.55. CVRx focuses on innovative therapies for heart failure, with its flagship product being Barostim, a baroreflex ...
Oct 21, 2024 1:53 PM - Davit Kirakosyan
SolarEdge Technologies (NASDAQ:SEDG) shares dropped more than 4% intra-day today after TD Cowen downgraded the company to Hold from Buy, citing persistent challenges in European markets that are expected to delay the company’s recovery in terms of volume, margins, and free cash flow. Along with the ...