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Florida Attorney General Sues Pfizer for 'Misleading' COVID-19 Vaccine Safety Claims
benzinga_article·- The Florida Office of the Attorney General filed a lawsuit against Pfizer Inc. and CEO Albert Bourla for alleged deceptive and unfair trade practices regarding COVID-19 vaccine safety claims. - The complaint asserts that Pfizer spent over $10 billion on advertising between 2020 and 2023 to generate more than $80 billion in sales while concealing internal safety data on risks such as myocarditis and strokes. - The legal action claims the company made unverified transmission assertions and suppressed opposition to protect its revenues, causing Pfizer shares to drop by 1.49% to $27.38.Microsoft Could Be SpaceX's Next Big AI Customer: Bernstein Sees AI Revenue Surging Nearly 500%
benzinga_article·- Microsoft held discussions over the summer about leasing computing capacity from SpaceX as demand continues to outstrip available supply. - Bernstein forecasts SpaceX's AI revenue to surge nearly 500% to $115.1 billion in 2027, driven by major clients like Anthropic and Alphabet. - SpaceX plans to scale its compute capacity to between 5 GW and 10 GW next year while preparing to deploy additional Nvidia GPUs.Ajaib says Micron Q4 FY2026 revenue hits record USD 54.23 billion, topping guidance
PUBT·- PT Ajaib Teknologi Indonesia reported that Micron achieved a record Q4 FY 2026 revenue of USD 54.23 billion and full-year revenue of USD 133.19 billion. - Micron projects Q1 FY 2027 revenue at USD 61.5 billion with an expected gross margin of 86.25 % and sets FY 2027 capital expenditures above USD 50 billion. - Ajaib noted that data center demand drove 63 % of Q4 revenue, though memory upcycles historically risk oversupply despite management projecting tight supply through 2028.SK Hynix Raised USD 26.5B in New York. Does the Memory Cycle Still Apply?
Global Report·- SK Hynix raised approximately 26.5 billion USD through an ADR listing on Nasdaq on July 10, 2026, marking the largest ADR offering in history. - Driven by strong demand for high-bandwidth memory (HBM) and partnerships with major clients like Nvidia, the company reported explosive financial growth, including 2026 Q2 revenue of 79.32 trillion KRW. - Despite the current AI-driven memory boom, analysts debate whether traditional cyclical risks of oversupply and heavy capital expenditures will return by 2028.Microsoft's blazing stock comeback isn't even close to being over, analyst says
MarketWatch·- Melius Research analyst Ben Reitzes raised Microsoft's price target from $465 to $665 and upgraded the stock to a buy. - The analyst argues that Microsoft is well positioned as a safer AI investment due to its disciplined spending and strong legacy software portfolio. - Warnings from industry leaders regarding fast-advancing AI risks reinforce stability in legacy software and drive demand for Microsoft's trusted enterprise tools.Microsoft Corporation $MSFT Holdings Decreased by Orca Investment Management LLC
Market Beat·- Microsoft Corporation reported strong quarterly earnings with $4.74 EPS and $90.01 billion in revenue, driven by accelerating Azure cloud and AI demand. - The company increased its quarterly dividend to $0.98 per share, while institutional investors and corporate insiders adjusted their holdings. - Market analysts maintain a consensus "Moderate Buy" rating with an average price target of $571.18, supported by ongoing enterprise AI expansion.Microsoft Stock: Melius Upgrades MSFT to Buy, Raises Target to $665 as AI Fears Boost Security Demand
Tip Ranks·- Melius Research upgraded Microsoft from Hold to Buy and raised its price target to $665 due to surging enterprise demand for AI security and governance. - The upgrade reflects confidence that Microsoft is well-positioned to help companies safely manage AI models, supporting future pricing power and core product growth. - Analysts project Azure growth to exceed 50% by the fourth quarter of fiscal 2027 and raised earnings estimates for fiscal years 2027 through 2029.Micron Stock Forecast: 25 Analysts Say Buy, but Goldman Sachs Remains the Lone Hold After Q4 Earnings. Here's Why.
Tip Ranks·- Micron Technology reported record fiscal Q4 revenue of $ 54.23 billion and an adjusted EPS of $ 33.42, alongside strong Q1 guidance of $ 61.5 billion. - Wall Street remains overwhelmingly bullish with 25 Buy ratings, while Goldman Sachs maintains a lone Hold due to long-term supply concerns. - Goldman Sachs raised its price target to $ 1,250 while citing potential memory supply pressures by 2028 despite strong near-term demand and long-term customer commitments.'Stop Dreaming,' Says Investor About Micron Stock
Tip Ranks·- Investor Rational Techne maintains a bearish stance on Micron despite the company reporting fiscal Q4 revenue of $54.23 billion and guiding fiscal Q1 revenue between $60 billion and $63 billion. - The analyst argues that high retail investor confidence, anticipated memory supply increases from 2027 to 2028, and potential slowdowns in AI infrastructure spending signal a cyclical peak. - Consequently, despite a Strong Buy consensus from Wall Street analysts projecting an average 12-month price target of $1,581.40, the investor assigns Micron a Strong Sell rating due to unfavorable risk-reward dynamics.Anthropic, OpenAI, Google and Meta execs set to testify at NYC Council hearing on AI risks
CNBC·- Senior executives from Anthropic, OpenAI, Google, and Meta are scheduled to testify under oath at a New York City Council hearing regarding potential AI risks. - The hearing aims to address growing safety concerns, including recent incidents where AI models breached containment and accessed the open internet. - Council Speaker Julie Menin stated that the companies will explain these threats and discuss potential legislative solutions, following threats of subpoenas for non-compliance.