Bank of Ameri2026-09-21 03:33:51BofA says rising AI security fears are turning cybersecurity into a rare two-way winnerBank of America said in a Sept. 18, 2026 research note that growing concern over AI security is becoming a durable catalyst for cybersecurity stocks, as investors shift from worrying that AI could disrupt security software to recognizing that it creates new attack surfaces, new identities and new governance demands. The bank pointed to recent market performance as evidence that this repricing is already underway: over the past month, the HACK and CIBR cybersecurity ETFs rose 7.3% and 6.4%, compared with a 2.8% gain for the IGV software ETF and a 0.9% decline in the S&P 500. BofA raised its price targets on CrowdStrike, Okta and SailPoint, while keeping all three at Neutral. The firm argued that cybersecurity is one of the few sectors that can benefit from both positive and negative AI headlines. Negative developments raise awareness of threats and can support spending, while positive developments help validate the value of security investment. The report highlighted identity management as a core theme for protecting AI agents, which it said will need authentication, authorization, monitoring and governance. It also said platform security vendors such as CrowdStrike could benefit as enterprises look to integrate controls across identity, endpoints and networks. Even so, BofA said current share prices already reflect a meaningful amount of optimism.400
OpenAI2026-09-11 00:09:08OpenAI launches ChatGPT for Financial Services with built-in market data and GPT-6 AstraOpenAI on Sept. 10, 2026 introduced ChatGPT for Financial Services, a version of ChatGPT Work tailored for the financial services industry. The product combines built-in financial datasets with the reasoning capabilities of GPT-6 Astra to help teams handle research, financial modeling, and customized client materials. OpenAI said the product was shaped through design collaborations with Morgan Stanley and Evercore. The offering includes data from providers such as Daloopa, PitchBook, LSEG News, and Crunchbase. According to the announcement, the datasets cover earnings call transcripts, financial statements, company fundamentals, and information on private companies. OpenAI indexes and hosts the data and provides granular citations inside the product. ChatGPT for Financial Services also comes with native access to models including GPT-6 Astra, along with enterprise security and governance controls. Administrators can publish Excel, Word, and PowerPoint templates. OpenAI said customer data is not used for model training by default, and the product supports encryption, SSO, and SCIM. The initial rollout is focused on investment banking and equity research, and the service is available to eligible financial institutions.940
OpenAI2026-09-10 20:03:47OpenAI rolls out ChatGPT tool for financial institutions as it pushes deeper into enterpriseOpenAI has launched a new ChatGPT product aimed at financial institutions, targeting investment bankers and equity research professionals as it seeks wider adoption in enterprise settings. The company said the offering, described as a financial services tool, pulls together data from Daloopa, PitchBook, and London Stock Exchange Group news, and is paired with its new GPT-6 Astra model. OpenAI added that future generations of its AI models will also be integrated into the product. The dataset behind the tool includes earnings call transcripts, financial statements, and company fundamental information. It also comes with detailed citation features designed to let users trace the source of data points and analytical views. According to OpenAI, the product is intended to help financial teams conduct research more efficiently, build financial models, and prepare client materials that match institutional formatting requirements. OpenAI vice president of product Telly said the company is working to make ChatGPT "research like an analyst and support its conclusions like an analyst." The report added that OpenAI continues to expand its enterprise customer mix because those margins are higher than in its long-dominant consumer business.810
Robinhood2026-09-09 02:22:17StoneX starts coverage on Robinhood with a buy rating and a $170 targetStoneX analyst Mark Palmer has initiated coverage on Robinhood with a buy rating and a $170 price target, implying roughly 45% upside from Tuesday’s close of $117.34. Palmer said Robinhood is expanding beyond retail trading services and moving into exchange and blockchain infrastructure assets that carry software-like margins. He also highlighted Robinhood Chain, which launched its mainnet on July 1 and, over the past 24 hours, generated more gas-fee revenue than all other Ethereum Layer 2 networks combined. As of Sept. 3, the chain was producing about $4.59 million in daily fee revenue, while annualized revenue as of Aug. 29 was close to $39 million. StoneX projects Robinhood Chain could generate $980 million in revenue by fiscal 2029, with margins reaching 85%. In prediction markets, Robinhood traded 13.6 billion event contracts in the second quarter, including more than 5 billion tied to the World Cup alone, generating about $156 million in revenue, up 50% from the prior quarter. On Tuesday, Robinhood also announced partnerships with Crypto.com and OG.com, took stakes in both companies, and said it would route part of its event contracts to OG.com. Earlier, Bernstein analysts had also maintained an outperform rating on Robinhood with a $160 target.810
Morgan Stanle2026-09-08 04:33:14Morgan Stanley Keeps Neutral View on U.S. Semiconductor Equipment as Higher WFE Forecasts Fail to Lift ValuationsMorgan Stanley said in a Sept. 7 report that it is keeping an "equal-weight" stance on the U.S. semiconductor process equipment, or SPE, sector, even as wafer fab equipment, or WFE, forecasts continue to move higher. The bank framed the debate around a market that is willing to acknowledge stronger spending numbers but less willing to pay for incremental upside without firmer proof that the cycle can last. The report laid out seven core debates, including why SPE stocks have struggled to re-rate, how AI compute buildouts translate into WFE demand, what DRAM and HBM supply trends imply for process intensity, how Intel’s manufacturing strategy could reshape supplier share, and why subsystem names may be mispriced versus original equipment manufacturers. Morgan Stanley said buy-side expectations for 2027 and 2028 WFE appear fuller than its own forecasts, at a time when investors are valuing earnings on trough-cycle multiples. Among the names it highlighted were AEIS, MKS and ONTO, which it said are being priced as if earnings peak in 2027. The report also pointed to changes in inventory behavior, stronger process control intensity at Intel, and a narrower path for further upside if HBM roadmaps do not advance to 16 layers and beyond.1150
CoreWeave2026-08-14 08:03:08Morgan Stanley Keeps Equal-Weight on CoreWeave as Record 500MW Capacity Buildout Meets Debt and Customer Concentration RisksMorgan Stanley maintained an Equal-weight rating and a $99 price target on CoreWeave in its August review of the company’s second-quarter results, arguing that the GPU cloud provider is executing quickly in GenAI data center buildout but still faces valuation constraints from heavy leverage and concentrated customer exposure. In Q2, CoreWeave added 500MW of net active power, its largest quarterly increase on record and more than triple the year-earlier level, while management reiterated a goal of reaching at least 8GW by 2030. The company also raised guidance across capital spending, revenue and ARR, with FY26 revenue guidance moving to $12.4 billion-$13.2 billion and ARR guidance to $18.5 billion-$19.5 billion. Morgan Stanley pointed to Managed Inference ARR rising from $1 million to more than $100 million, with at least $250 million expected by year-end, as a sign that CoreWeave is extending beyond infrastructure rental into higher-margin software services. Even so, the bank said margin durability remains in question, free cash flow is expected to stay negative through 2028, and debt could reach about $38 billion by the end of 2026.530
Goldman Sachs2026-08-06 06:02:37Goldman Sachs Starts Coverage on SanDisk, Says Strong Q2 Was Overshadowed by Softer-Than-Hoped Q3 OutlookGoldman Sachs initiated coverage on SanDisk on Aug. 5 with a Buy rating and a $2,200 price target, arguing that the company’s long-term case remains intact even after guidance for the next quarter fell short of the market’s most optimistic expectations. According to the report summarized in the source article, SanDisk posted second-quarter revenue of $8.97 billion, ahead of Goldman’s $8.84 billion estimate and the broader market’s $8.71 billion view. Gross margin reached 84.6%, also topping expectations, while non-GAAP EPS came in at $39.25. The pressure point was guidance. SanDisk projected third-quarter revenue of $10.55 billion at the midpoint, below Goldman’s $11.65 billion forecast and the market’s $11.15 billion expectation. Midpoint EPS guidance of $45 matched the market more closely but trailed Goldman’s $49.95 estimate. Goldman said the likely near-term share reaction reflects an adjustment in expectations rather than a deterioration in fundamentals, especially after elevated optimism into the earnings release. The bank’s thesis centers on structural changes in NAND, rising AI data center demand, expanding enterprise SSD adoption, and the role of long-term agreements in improving revenue visibility and cash-flow predictability over time. Goldman also said SanDisk’s valuation leaves room for upside if those longer-term drivers play out.660
Mizuho2026-08-05 08:16:33Mizuho Reiterates Outperform on SpaceX (SPCX.O), $200 Price TargetMizuho Bank reiterated its Outperform rating on SpaceX (SPCX.O) with a $200 price target. The update came via Odaily's 7x24 newsflash; no further details were disclosed.2060
