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Fidelity Bolsters Active ETF Team with State Street Hire
Fidelity International appoints Elisa Prezzavento as director of ETF product strategy, hiring from State Street to expand its active ETF lineup in Europe and Asia-Pacific.
Vertiv Stock Splits Opinion as AI Bets Diverge Among Funds
Vertiv (VRT) attracts divided institutional interest: New Age Alpha ups stake 466%, while two other funds reduce holdings. AI data center demand lifts Q1 sales 30%.
Bank of America Boosts Apple Target to $380 on AI Revenue Hopes
Bank of America raised its Apple price target to $380, betting on AI monetization via Siri. Shares edged higher, and split talk revived ahead of the developer conference.
Robinhood Clears Canadian Regulatory Hurdle, Eyes Growth Amid Crypto Revenue Dip
Robinhood Markets has secured regulatory approval to enter Canada through its acquisition of Coinsquare Capital Markets, with closing expected around June 1. The move comes as the company faces a 47% drop in crypto revenue.
Applied Digital Secures $7.5B AI Lease, Total Backlog Hits $31B
Applied Digital lands a $7.5B, 300MW lease with a major cloud provider, pushing its total contracted revenue to $31B and drawing bullish analyst upgrades.
SoFi Stock Drops 45% in 2026 as Loan Platform Concerns Mount
SoFi Technologies reported record Q1 results but shares remain under pressure, down 45% in 2026, as loan platform volume drops and guidance stays flat.
Uber's Bid for Delivery Hero Faces Investor Skepticism as Shares Trade Above Offer
Delivery Hero shares remain above Uber's €33 bid, with investors anticipating a higher offer amid competition from DoorDash and shareholder resistance.
ServiceNow Attracts Major Institutional Buying Amid AI Focus
Institutional investors boosted ServiceNow holdings in Q4, with three firms hiking stakes by up to 885%. The workflow software firm reported 22% revenue growth to $3.77 billion.
Alphabet's AI Rally Faces EU Antitrust Hurdle as Capex Risks Loom
Alphabet shares edge up pre-market as analysts raise price targets after strong Q1 earnings, but EU antitrust action and heavy capex spending test the AI-driven rally.
Strategy Inc. Halts Bitcoin Buys to Repurchase $1.5B Convertible Notes
Strategy Inc. paused bitcoin acquisitions to repurchase $1.5 billion of its 2029 convertible notes, paying $1.38 billion in cash. Shares fell 3% as bitcoin traded near $77,100.