NASDAQ SET FOR 30,000 AS TECH, CHIPS SURGE
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Wedbush Securities analyst Dan Ives predicts the Nasdaq will reach 30,000 within six to nine months, driven by momentum in Big Tech and semiconductor sectors. The forecast follows growing investment in AI infrastructure and chip development.
■ MORE FROM THE BUSINESS DESK
Atlas Copco AB exceeded order expectations as its chipmaking-focused business accelerated, positioning the Swedish industrial firm as a major beneficiary of the artificial intelligence infrastructure wave.
Venture firm Greylock deliberately limited its new fund to $1.5 billion despite having capacity to raise more, prioritizing deeper founder partnerships over larger asset pools.
Data center firm Csquare Inc. priced its initial public offering at $21 per share, below its previously marketed range. The pricing signals a more cautious reception in the current market environment.
The FCC is preparing to eliminate longstanding regulations that limit how many local television stations a single company can own. The changes could pave the way for broadcast TV consolidation.