Shares of Taiwan Semiconductor (TSM) and Micron Technology (MU) are trading higher as financial firms upgraded the stocks on continued interest in AI. Bank of America has lifted the price target of Taiwan Semiconductors from $760 to $880 per share and maintained a Buy rating, citing increased demand for advanced materials produced by the company. Morgan Stanley has lifted the price target of Micron to $78 per share, pointing to demand in the high bandwidth memory space that is priced into shares. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for these companies. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Shares of Taiwan Semiconductor (TSM) and Micron Technology (MU) are trading higher as financial firms upgraded the stocks on continued interest in AI.
Bank of America has lifted the price target of Taiwan Semiconductors from $760 to $880 per share and maintained a Buy rating, citing increased demand for advanced materials produced by the company. Morgan Stanley has lifted the price target of Micron to $78 per share, pointing to demand in the high bandwidth memory space that is priced into shares.
Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for these companies.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino
Reuters
Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the years to come, its chairman told the NZZ newspaper on Sunday. UBS, which took over former rival Credit Suisse last June, wants to expand its U.S. wealth-management business through potential M&A in three or four years, Colm Kelleher said. Since rescuing Credit Suisse, UBS has faced criticism over a $1.6 trillion-plus balance sheet that is nearly twice the size of the Swiss economy and has prompted the country to review its regulation of systemically important banks.
Bloomberg
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