The Latest Breaking News from Bank of America Securities

Amid the ongoing rally of AI chip stocks in 2024, a Bank of America Securities analyst just highlighted five AI-focused chip companies for investors still seeking exposure to this breakout industry.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +1.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.24%, and the Nasdaq 100 Index ($IU ) (QQQ ) closed up +1.22%. Stock indexes Wednesday posted moderate gains, with the S&P...

The team, worth an estimated $5.6 billion, could soon be for sale, after owners Dan and Tanya Snyder said they have hired Bank of America Securities to "consider potential transactions."

Holley Inc. (NYSE: HLLY) is poised to benefit from the significant whitespace in the $35 billion performance automotive aftermarket, while there is also potential for acquisition-driven upside, according to Bank of America Securities.

Exelixis is the IBD Stock Of The Day as it adds onto a lengthy consolidation ahead of a key test for its headliner cancer treatment.

Domino’s Pizza Inc’s (NYSE:DPZ) store operator in China, DPC Dash, is planning to go public on the Hong Kong stock exchange, CNBC reported. Domino’s Pizza has a 15.7% stake in DPC as of the filing date through wholly-owned entities, the report added. Bank of America Securities is the sole sponsor of the listing, the…

Bank of America Securities downgraded Astra Space Inc (NASDAQ: ASTR) to Underperform and lowered its price target from $7 to $4 based on the company’s repeated problems with rocket launches and an ongoing criminal investigation of two executives.