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Jefferies: Lowered its price target for Boeing (BA.N) from $295 to $265.On September 22, Goldman Sachs issued a report expressing a positive view on Hua Hong Grace Semiconductor (01347.HK), forecasting revenue growth of 11% and 15% quarter-on-quarter in Q3 and Q4 of 2026, respectively, higher than the 9% quarter-on-quarter growth in Q2 of 2026. This growth is primarily driven by increased AI spending in China and customers domestic-first strategies to better secure supply. The report notes that Hua Hong continues to expand its capacity, maintaining high capacity utilization, driven by strong demand and technology node migration. Generative AI remains the main driver, boosting demand for embedded flash memory, NOR flash memory, and power management ICs. In September, Hua Hong completed the acquisition of a 97.5% stake in Huahong Microelectronics, which subsequently became a wholly-owned subsidiary and will be consolidated into the groups financial statements. The report anticipates that this acquisition will broaden Hua Hongs 12-inch manufacturing platform and support its long-term capacity and technology node expansion. The bank expects strong demand to support capacity utilization, average selling price, and gross margin. The company aims to increase 12-inch wafer capacity at Fab9A by approximately 40% by the end of Q3 2026 and reach full capacity in the first half of 2027. The bank maintains its "Buy" rating on Hua Hongs Hong Kong-listed shares with a 12-month target price of HK$335.The local governor stated that the Russian attack on Dnipro, Ukraine, resulted in three deaths.Russian Ministry of Defense: We attacked targets in Kyiv, Poltava, Odessa and Dnipropetrovsk.Russian Ministry of Defense: We have struck Ukrainian companies in the metallurgical, fuel, and energy sectors.

ADA Price Prediction: IOHK Updates and EMURGO Silence to Test $0.320

Cory Russell

Mar 06, 2023 16:54


ADA dropped on Saturday by 1.75%. Friday saw a drop of 2.28%, and ADA closed the day at $0.337. Despite the negative afternoon, ADA managed to stay above $0.330.


After a positive opening to the day, ADA increased to a peak of $0.347 before going back down. ADA declined to a late low of $0.331, falling shy of the First Significant Resistance Line (R1) at $0.356.


However, ADA found late support to finish the day at $0.337 while avoiding the First Significant Support Line (S1) at $0.326.


Input Output HK (IOHK) published its weekly development report on Friday. The report disappoints as the outlook worsens. The lack of new projects starting on the Cardano network in the previous week disappointed investors who were looking for project influx in the figures. It's possible that increased governmental and legislative monitoring is causing companies to postpone project openings. A clearer image will emerge from the project's financial data in the following weeks.


117 initiatives were started on the Cardano network, which is unaltered from February 24 according to the Weekly Progress update for March 3.


The overall number of Cardano network projects increased by four from the prior update to 1,209.


There were 5,953 Plutus screenplays in total, of which 797 were Plutus V2 scripts. There were 5,857 Plutus programs as of February 24.


Before the Vasil hard split, 98 projects had been released on Cardano, and 1,100 projects were developing on the Cardano network.


In addition, there were 7 million native tokens (7.83 million in the prior report), 62.2 million trades (61.8 million in the prior report), and 70,258 token policies (PR: 70,039).


Concerns about the SEC's emphasis on stablecoins will arise for EMURGO and the upcoming rollout of the USDA algorithmic stablecoin. The debut of EMURGO's Agricultural stablecoins on the Cardano network is planned for Q1 2023. As the first quarter draws to a close, a dearth of information would put customer interest to the test.


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