Wedbush analysts believe Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) has provided future certainty around graphics processing unit (GPU) demand following newly announced agreements that promise to substantially lift the company’s future GPU revenues.
In a note Wednesday, the analysts raised their target price on AMD to $270 per share from $190, while reiterating their ‘Outperform’ rating on the stock, based on the company’s likely revenue path over the next few years.
Hillenbrand Inc (NYSE: HI) announced on Wednesday an agreement to be acquired by private equity firm Lone Star Funds in an all-cash transaction valued at $32 per share, representing an enterprise value of about $3.8 billion.
Upon completion of the transaction, Hillenbrand will become a privately held company, and its shares will be delisted from the NYSE.
Progressive Corp (NYSE:PGR) shares fell nearly 8% to $221.97 in late-morning trading on Wednesday after the insurance company reported third quarter 2025 earnings that fell short of Wall Street expectations.
Progressive’s earnings per share for the quarter came in at $4.45, up from $3.97 a year earlier but missed the analyst consensus estimate by $0.85.
Dutch chip equipment maker ASML Holding NV (NASDAQ:ASML, ETR:ASME) said on Wednesday it is well positioned to navigate China’s new rare-earth export rules, as the company reported modest revenue growth and stronger-than-expected profits for the third quarter.
CFO Roger Dassen told Bloomberg the company had already secured sufficient rare-earth materials for the coming months, highlighting ASML’s long supply chain lead times.
Papa John's International Inc (NASDAQ:PZZA)'s shares jumped almost 9% after Apollo Global Management submitted a new, higher offer to acquire the pizza chain.
Apollo Global has offered $64 per share in an all-cash deal to take Papa John’s private.
Morgan Stanley (NYSE:MS) shares were up 6.7% on Wednesday morning after the bank’s third quarter earnings beat Wall Street expectations across all divisions, driven by strong trading, investment banking, and wealth management performance.
Earnings per share were $2.80, beating estimates of $2.10 and rising 49% from a year earlier.
Bank of America Corp (NYSE:BAC) on Wednesday reported better than expected financial results for its third quarter 2025, propelled by a 43% increase in its investment banking revenue.
The bank's total revenue for the quarter rose 10.8% year over year to $28.24 billion, exceeding the $27.5 billion analyst consensus estimate, according to a survey conducted by LSEG.
IXICO PLC (LSE:IXI, OTC:PHYOF) shares rose 12% to 13.45p after the neuroscience analytics company announced two new deals worth a combined £1.2 million, boosting its presence in the fast-growing field of blood-based biomarkers.
The AIM-listed group said it had secured a three-year contract with a leading global biopharma company to help validate a diagnostic blood test for an undisclosed neurodegenerative disease.