Citi reiterated Buy on SanDisk stock with a $2,100 price target after Micron’s fiscal fourth quarter, and SanDisk stock is now trading below where it sat before the note landed. It closed 1 October at $1,787.69, up 2.75% on the day Citi published, and by midday Thursday it was at $1,737.50, down 2.81%. Analyst Atif
Seagate and Western Digital suffered double-digit losses on Friday after a report that Toshiba plans to spend about ¥60 billion, or roughly $380 million, to double hard-disk drive production capacity for AI data centers. Seagate closed October 2 at $807.62, down 14.59%, while Western Digital finished at $400.07, down 13.51%. The declines became substantially steeper
Binance is facing scrutiny from European regulators over its continued provision of cryptocurrency services in parts of the European Union after failing to secure a licence under the bloc’s Markets in Crypto-Assets Regulation (MiCA), according to the Financial Times. The review centres on Binance’s reliance on the reverse solicitation exemption, which allows customers in the
OpenAI put a near-frontier model into ChatGPT on Tuesday at a price it had already set the week before. GPT-6.1 Sol launched at DevDay on 29 September at $2 per million input tokens and $10 per million output tokens, one-fifth of GPT-6 Astra’s standard rates and the same list price GPT-6 Sol already carried. The
The Bitcoin price is set to close its best quarter in nine years on Wednesday, and it will still be down for the year. Per onchain data from TadingvView, Bitcoin trades near $82,985 at press time, down 0.57% on the day, leaving it up about 42% since 1 July after losses of 22.2% in the
Geely is taking a 30% stake in NIO’s battery-swapping and charging unit through a deal that values NIO Power at about RMB16 billion ($2.37 billion), but only RMB640 million ($94.8 million) of the consideration is cash. Under definitive agreements announced September 28, a Geely subsidiary will contribute its entire ownership of Yiyi Power, its commercial
The MiCA consultation that will shape the next version of Europe’s crypto rulebook closes on Wednesday night, and the European Banking Authority has just used it to ask for something the industry did not put on the table. Brussels is taking responses until 23:59 CEST on 30 September, after which the European Commission starts drafting.
Anthropic has committed $11.6 billion to Akamai Technologies for cloud computing over seven years and received a warrant that could ultimately give it roughly 5% of Akamai, tying one of the AI industry’s largest infrastructure contracts directly to the supplier’s equity. The warrant carries a common-share-equivalent exercise price of $111.33. Akamai closed Thursday at $110.41,
Oil traders spent Thursday repricing every new headline out of the Gulf, but prediction-market traders are still giving almost no chance that normal traffic through the Strait of Hormuz returns by the end of September. Brent settled September 24 at $106.60 a barrel, up 3.4%, while West Texas Intermediate gained 2.7% to $94.61. That was
Generative AI’s shift in game development is not a machine taking charge of a project. It is assistance moving into the tools where teams build, inspect and revise work. The 2025 GDC State of the Game Industry report found that more than 30% of developers used generative AI at work, with coding support and repetitive-task