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"We see scope for further tech-led upside to S&P 500 7,750 and as high as 9,000," Evercore ISI strategist Julian Emanuel wrote in a Thursday note.
Anthropic PBC has signed a computing agreement with SpaceX to meet surging AI demand.
KEY POINTS
- Challenger data shows tech-sector layoffs have hit a three-year high despite broader job cuts receding.
- Datadog Inc. shares soared 31% after the company raised its outlook, leading software rallies.
- The gap between semiconductor and software stock performance is now the widest in over a year.
- Homebuilder stocks may react soon to potential housing affordability announcements hinted by FHFA head Bill Pulte.
COMPANIES
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