GoKawiil
Tech News
CNBC's Jim Cramer outlined a busy week ahead featuring quarterly results from Goldman Sachs, Wells Fargo, JPMorgan Chase, Citigroup and Johnson & Johnson on Tuesday, followed by the Consumer Price Index report Wednesday and earnings from chip equipment maker ASML. He said stocks rallied Friday after a volatile week marked by high Treasury yields, rising oil prices and an AI stock pullback.
Wells Fargo removed 500 megawatts of expected capacity resales from its 2027 estimates for Meta, roughly $5 billion in revenue, saying the company will likely need that computing power for its Muse AI agent instead. The firm raised its price target on Meta to $1,000 from $796, implying about 35% upside from Monday's close.
A 50-year-old woman named Lipps was arrested at gunpoint by US Marshals in Tennessee while babysitting four children, after facial recognition software wrongly identified her as a fugitive wanted in North Dakota. She spent six months in jail in Tennessee before the mistake was corrected, and she is now suing the city of Fargo and the detective involved for $10 million.