MarketCatalystGlobalstar received FCC authorization to operate its third-generation C-3 network across the U.S.: 48 low Earth orbit satellites, six in-orbit spares and about 90 ground antennas. The approval is a regulatory milestone, not a service launch.
Goldman Sachs upgraded CoreWeave to Buy, Morgan Stanley named Amazon a Top Pick with a $350 target, and Bernstein upgraded Datadog and lifted its target to $350. Plus eight upgrades, two initiations and the day's target changes.
Chip stocks rebounded after the Nasdaq's worst week since April 2025, Cleveland-Cliffs jumped about 10% to 13% on a Q3 earnings beat and Disc Medicine surged on Phase 3 results. Plus the week-ahead calendar & what to watch.
Anthropic announced plans to dedicate 5% of its shares to a new Public Benefit Fund, with potential increases tied to the company's valuation, expanding its commitments to AI safety and public welfare.
China's largest DRAM maker, CXMT, fell 6.5% Monday despite forecasting a sharp profit turnaround driven by surging AI demand and higher memory-chip prices.
Morgan Stanley expects AI infrastructure spending to jump about 60% to $1.58 trillion in 2027, with Nvidia capturing roughly $690 billion of it. The bank says AI will drive most of the S&P 500's earnings growth, but roughly half of the spending is expected to be debt-financed, and leases are hiding part of the bill.