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Citi Raises AMD Target to $800 on Meta Muse CPU Boom, October 7
Citi analyst raises AMD price target 39% to $800 after Meta Muse launch. CPU market seen expanding to $300B by 2030. AMD stock hits record high at $649.42.
AMD Hits $1 Trillion Market Cap as Meta Muse Drives CPU Demand Surge
AMD stock jumps 2.8% to $649.42 as Meta Muse and OpenAI Dots AI agents run on AMD EPYC CPUs, lifting the chipmaker into the trillion-dollar market cap club and outpacing tech megacaps.
ASOS Stock Plunges 9.6% After Hackers Send Ransom Demand via App
ASOS shares fell 9.6% after hackers sent a ransom demand via push notification to app users, claiming access to basic customer information including names and contact details.
Nobel Physics Prize Goes to Francis Halzen for Antarctic Neutrino Discovery
Francis Halzen wins 2026 Nobel Prize in Physics for detecting high-energy neutrinos at the South Pole’s IceCube Observatory. Japanese scientists contributed to the 14-nation project.
Citi Tops Global IPO Underwriting, Overtakes Goldman Sachs in 2026
Citigroup takes top spot in global IPO underwriting through September 2026, ahead of Goldman Sachs, after advising on SK Hynix $26.5B and SpaceX $86B listings.
Rachel Jupp Appointed BBC News Director After Year-Long Vacancy
Rachel Jupp, former Panorama editor, appointed BBC News director on October 5. She leads 4,500 staff and earns £400,000 annually as BBC faces major job cuts and trust challenges.
Suboo Fashion Label Collapses into Liquidation with $655k Debt
Suboo, the Australian fashion label worn by Gigi Hadid and Kendall Jenner, has collapsed into liquidation with $655,000 in debts after 14 years in business.
Deluge Raises S$23.4M in SGX IPO as Fire Safety Rules Tighten October 6
Deluge raises S$23.4M in SGX IPO priced at S$0.60 per share. The fire-protection firm holds 8.3% of Singapore’s market and eyes regional expansion as Malaysia tightens fire safety rules for 9,451 buildings.
ASOS Stock Plunges 14% After Hackers Send Ransom Demand via App
ASOS shares fell 14% after hackers sent customers a ransom demand via push notification on October 6. The company says payment data was not affected and its website remains operational.