- Intel, Other Chip Stocks Cool Off After Dizzying Runup
May 12, 2026
Intel stock and shares of other semiconductor companies closed lower Tuesday after yesterday’s rally sent many of them to record highs. “A mildly risk-off tone has taken over after Monday’s record close,” Mizuho’s Managing Director of Equity Trading, Daniel O’Regan, wrote in a Tuesday morning note. Both the and were down by less than one percentage point Tuesday.
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- Intel, Other Chip Stocks Take a Chill Pill After Dizzying Runup
May 12, 2026
Intel stock and shares of other semiconductor companies were falling back Tuesday morning after a Monday rally that sent many of them to record highs. “A mildly risk-off tone has taken over after Monday’s record close,” Mizuho’s Managing Director of Equity Trading, Daniel O’Regan, wrote in a Tuesday morning note. Both the and were down about half a point Tuesday morning.
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- Why The Narrative Around Amundi (ENXTPA:AMUN) Is Shifting As Analyst Targets Diverge
May 12, 2026
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Amundi’s average fair value estimate has edged up from €81.99 to about €84.37 per share, keeping price targets in focus for anyone tracking the stock. Some analysts have lifted targets by roughly €1.50 to €7, while others have cut them by around €3.60 to €4. This reflects a mix of optimism and caution rather than a clear consensus. Read on to see how you can interpret these shifting targets and keep up with the evolving analyst story around Amundi.
Stay updated as the Fair Value for Amundi shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Amundi.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
Deutsche Bank lifted its Amundi price target by €7 in April 2026. This points to a more constructive view on the stock’s valuation and potential execution on its business plan. Barclays raised its target by €3, and Citi later added a further €1.50 increase, signaling that several banks see room for the shares to better reflect Amundi’s current positioning. Morgan Stanley most recently raised its target by €3.20 in May 2026, after having adjusted it lower in April. This suggests the firm now sees improved risk reward versus its earlier stance. RBC Capital took its target up to €76 from €71 in February 2026 while maintaining a Sector Perform rating, indicating the stock still fits within a neutral sector view even at a higher fair value.
🐻 Bearish Takeaways
RBC Capital and Morgan Stanley both cut price targets earlier in 2026, with reductions of about €4 and €3.60. This highlights ongoing concerns about valuation and the pace at which Amundi can deliver on growth expectations. Kepler Cheuvreux downgraded Amundi in early May 2026, reinforcing that not all analysts are comfortable with the current setup, especially when they weigh execution risks against recent target upgrades from other firms.
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How This Changes the Fair Value For Amundi
The average fair value estimate has moved from €81.99 to about €84.37 per share. Expected revenue growth remains sharply negative, shifting only slightly from a decline of about 19.18% to a decline of roughly 19.19%. The projected net profit margin has edged down from about 41.30% to around 40.71%. The forward P/E multiple used in valuations has gone from about 15.57x to roughly 14.95x. The discount rate applied in analyst models has moved from about 10.62% to roughly 10.14%.
Story Continues
Never Miss an Update: Follow The Narrative
Narratives connect a company’s business story with analyst forecasts and fair value estimates so you can see how the numbers line up with the underlying thesis. They refresh as new data and research come through, keeping the investment case current.
Head over to the Simply Wall St Community and follow the Narrative on Amundi to stay up to date on:
How growth in European ETFs, especially responsible investment products, feeds into expectations for future revenue and market share. The role of technology and Asian partnerships, such as the SBI tie up and Technology & Services business, in supporting earnings and margin assumptions. Key risks around higher French taxes, competitive pressure in Italy and Asia, and the impact of retail investors staying cautious about moving from treasury assets into investment funds.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AMUN.PA.
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- Elliptic Secures $120 Million Investment From Nasdaq Ventures, Deutsche Bank, One Peak and the British Business Bank
May 12, 2026 · businesswire.com
NEW YORK--(BUSINESS WIRE)--Elliptic, the global leader in digital asset decisioning, today announced the closing of a $120 million Series D fundraise led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank and the British Business Bank. The round values Elliptic at $670 million. These investors are among the most consequential institutions in global finance, together responsible for trillions in daily market activity, and they have placed their confidence in Elliptic. It is a si.
- ELLIPTIC SECURES $120 MILLION INVESTMENT FROM NASDAQ VENTURES, DEUTSCHE BANK, ONE PEAK AND THE BRITISH BUSINESS BANK
May 12, 2026
NEW YORK--(BUSINESS WIRE)--ELLIPTIC, THE GLOBAL LEADER IN DIGITAL ASSET DECISIONING, TODAY ANNOUNCED THE CLOSING OF A $120 MILLION SERIES D FUNDRAISE LED BY ONE PEAK, WITH PARTICIPATION FROM NASDAQ VENTURES, DEUTSCHE BANK AND THE BRITISH BUSINESS BANK. THE ROUND VALUES ELLIPTIC AT $670 MILLION. THESE INVESTORS ARE AMONG THE MOST CONSEQUENTIAL INSTITUTIONS IN GLOBAL FINANCE, TOGETHER RESPONSIBLE FOR TRILLIONS IN DAILY MARKET ACTIVITY, AND THEY HAVE PLACED THEIR CONFIDENCE IN ELLIPTIC. IT IS A SI.
- Amazon Kicks Off Debut Swiss Franc Bond Sale in Record Six Parts
May 12, 2026
(Bloomberg) -- Amazon.com Inc. has begun the sale of its first Swiss franc bonds as it looks to raise a record six-part deal in the currency.
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The company is selling debt due in three, six, nine, 12, 18 and 25-years, according to a person familiar with the matter who asked not to be identified.
It’s the latest in a series of jumbo bond sales by US cloud computing firms known as hyperscalers, as they pour hundreds of billions of dollars into AI infrastructure. Investors have so far been eager buyers, placing orders several times the size of recent offerings.
The borrowing-binge has seen the tech companies diversify beyond dollar debt. Google parent company Alphabet Inc. raised about 3 billion Swiss francs ($3.9 billion) in February, the most on record by a corporate borrower, while Amazon’s own debut euro bond in March was the biggest ever in that currency.
Between them, Amazon, Microsoft Corp., Alphabet, Meta Platforms Inc. and Oracle have forecast capital expenditures of about $725 billion in 2026. Seattle-based Amazon alone plans to spend $200 billion this year on data centers, chips and other equipment.
Amazon raised $54 billion in March, across US and European debt markets, garnering near-record demand even as concerns about the fallout of the US-Iran war rattled markets. It was preceded by Alphabet, which priced about $32 billion in dollar and euro notes in February, while Oracle Corp. raised $25 billion from a bond sale that attracted a record $129 billion of orders at its peak.
While the bond sales have been enthusiastically received, some investors are becoming concerned that the deluge of spending on AI may not pay off. Those worries were underscored late last month when data-center linked US corporate debt fell following a report that OpenAI had missed its own targets for users and sales.
Amazon’s cloud unit posted its fastest quarterly growth in more than three years, but capital spending of $44.2 billion to support that effort was more than analysts were expecting, a sign that build-out costs are higher than anticipated.
BNP Paribas SA, Deutsche Bank AG and JPMorgan Chase & Co. are managing Amazon’s Swiss franc transaction. It is expected to price later on Tuesday.
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- Amazon Taps Swiss Debt Market As $725 Billion AI Spending Wave Builds
May 11, 2026
This article first appeared on GuruFocus.
Amazon.com (NASDAQ:AMZN) is preparing to issue Swiss franc bonds for the first time, marking another step by Big Tech hyperscalers to broaden their funding base as artificial intelligence spending continues to rise. The company has mandated BNP Paribas SA, Deutsche Bank (NYSE:DB), and JPMorgan Chase (NYSE:JPM) for a six-part Swiss franc bond sale with maturities ranging from three to 25 years, according to a person familiar with the matter. The move could give Amazon access to a market where demand for high-grade US corporate issuers remains steady, while also allowing the company to tap multiple investor groups across different parts of the maturity curve.
Warning! GuruFocus has detected 4 Warning Sign with AMZN. Is AMZN fairly valued? Test your thesis with our free DCF calculator.
Amazon said the proceeds would be used for general business purposes, including supporting investment and capital expenditure, as well as repaying upcoming debt maturities. The potential Swiss franc debut comes after a wave of large European bond issuance from technology companies seeking to diversify beyond dollar debt while raising capital linked to AI infrastructure investment. Alphabet (NASDAQ:GOOG), Google's parent company, raised about 3 billion Swiss francs, or $3.9 billion, in February, the largest corporate borrowing ever in that market, while Amazon's debut euro bond in March set the same record for that currency.
The broader investment backdrop remains significant for investors. Amazon, Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), and Alphabet are planning to invest as much as $725 billion this year in AI data center equipment and other capital expenditure, a bigger total than previously expected. Apostolos Bantis, managing director of fixed income at Union Bancaire Privee Ubp SA, said the Swiss market continues to offer steady demand for high-grade names and a strong bid for familiar US corporate issuers. Bantis also noted that issuing several maturities at once can help borrowers reach different investor pockets, raise more money, and keep concessions tight while the window remains open.
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- Amazon Prepares to Issue Its First Swiss Franc Bond in AI Push
May 11, 2026
(Bloomberg) -- Amazon.com, Inc. is preparing to issue Swiss franc bonds for the first time, as Big Tech hyperscalers turn to new debt markets to fund artificial intelligence spending.
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Amazon has mandated BNP Paribas SA, Deutsche Bank AG and JPMorgan Chase & Co. for a six-part Swiss franc bond sale across maturities from three to 25 years, according to a person familiar with the matter who asked not to be identified.
A representative for Amazon did not immediately respond to a request for comment.
Tech companies have issued a series of bumper-sized bonds in Europe as they diversify beyond dollar debt to raise huge sums earmarked for investment in AI infrastructure. Google parent company Alphabet Inc. raised about 3 billion Swiss francs ($3.9 billion) in February, the most ever by a corporate borrower, while Amazon’s debut euro bond in March set the same record for that currency.
Amazon, Meta Platforms Inc., Microsoft Corp and Alphabet are planning to invest as much as $725 billion this year in AI data center equipment and other capital expenditure, a bigger tally than previously expected.
“The Swiss market continues to offer steady demand for high-grade names and a strong bid for familiar US corporate issuers,” said Apostolos Bantis, a managing director of fixed income at Union Bancaire Privee Ubp SA. “Issuing several maturities at once also lets borrowers tap different investor pockets, raise more money, and keep concessions tight while the window remains open,” Bantis added.
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- How The Euroapi (ENXTPA:EAPI) Investment Narrative Is Resetting Around Lower Analyst Targets
May 11, 2026
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Euroapi’s indicative fair value has been reset from €3.08 to €2.00, with current analyst targets clustering in a tighter range around €1 to €2. For you as an investor, that shift reflects a mix of more cautious and more conservative views, with bullish commentators pointing to lowered expectations and bearish voices highlighting weaker assumptions as key reasons for the new range. Read on to see how to track these changing signals and what to watch as the Euroapi story continues to evolve.
Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Euroapi.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
Even with a lower target, Deutsche Bank’s updated level at €1 still implies some value for Euroapi, which you might see as a signal that analysts are not writing the stock off entirely. The reset from €2 to €1 can be read as expectations being recalibrated, which sometimes reduces the risk of future negative surprises if the company meets or slightly exceeds these more cautious assumptions.
🐻 Bearish Takeaways
Deutsche Bank has cut its Euroapi price target from €2 to €1 and keeps a Sell rating on the stock, which points to concern around execution and the ability to support earlier valuation levels. The lower target suggests analysts at Deutsche Bank are more cautious on Euroapi’s growth prospects and pricing power, and see limited upside at current levels relative to the risks they highlight.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!ENXTPA:EAPI 1-Year Stock Price Chart
We've flagged 1 risk for Euroapi. See which could impact your investment.
What's in the News
Euroapi issued earnings guidance for fiscal 2026, giving you an early view of expected performance for the year ahead. The company expects 2026 net sales to be around 10% lower on a comparable basis than 2025, reflecting planned portfolio changes and shifts in demand. Management highlighted portfolio rationalisation as a key factor, with an expected impact of about €55 million to €60 million on 2026 net sales. Euroapi also pointed to reduced demand from Sanofi and the discontinuation of commercial CDMO contracts as additional pressures on 2026 net sales.
How This Changes the Fair Value For Euroapi
Fair value moved from €3.08 to €2.00, a reduction of about 35% in the reference level used by analysts. Forecast revenue growth was adjusted from about 72% to around 21%. The implied profit margin assumption rose from roughly 1.11x to about 1.72x. The future P/E multiple assumption was cut from about 34.8x to roughly 15.6x. The discount rate in models went from 5.98% to 6.47%.
Story Continues
Never Miss an Update: Follow The Narrative
Narratives link Euroapi’s business story to a structured set of assumptions on growth, margins, and risk. They update over time as new guidance, analyst views, and company actions come through.
Head over to the Simply Wall St Community and follow the Narrative on Euroapi to stay up to date on:
How capacity expansions and biotechnological process investments aim to support higher value API production and a shift toward complex products. The role of cost reductions, site divestments, and higher margin CDMO projects in the effort to improve profitability and earnings stability. Key threats from pricing pressure, customer concentration around Sanofi, CDMO project attrition, and higher regulatory and environmental costs.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include EAPI.PA.
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- How The Investment Story Is Shifting For Gamma Communications (LSE:GAMA) After Target Cut
May 10, 2026
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The latest update on Gamma Communications centres on a trimmed price target, with one research house moving its fair value estimate down by £0.60 to £13.99. Analysts describe this as a refinement to existing models that reflects a mix of confidence in the business model alongside caution around how future profits are framed. As you read on, you will see how this shift fits into the broader analyst narrative and what to watch as expectations continue to evolve.
Stay updated as the Fair Value for Gamma Communications shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Gamma Communications.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
Deutsche Bank’s updated price target of £13.99 still sits comfortably above the latest share price, which signals that its analysts continue to see underlying value in Gamma Communications even after refining their model. The decision to cut the target by only £0.60 suggests Deutsche Bank’s broader view on the business model remains intact, with the adjustment framed more as a clean up of assumptions rather than a change in stance.
🐻 Bearish Takeaways
By lowering its fair value estimate, Deutsche Bank is flagging some caution around how future profits are framed, which may reflect questions about how much investors should be willing to pay for the stock. The revised target underlines that execution on growth plans is being watched closely, and that any slip in profitability or customer trends could put further pressure on valuation assumptions.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!LSE:GAMA 1-Year Stock Price Chart
See how Gamma Communications' fair value stacks up across multiple valuation models — not just analyst targets.
What's in the News
Gamma Communications is reported by Bloomberg to be exploring a potential sale, putting the company in play for a possible change of ownership. The company has proposed total dividends of 22.2 pence per share for the year ended 31 December 2025, including a final dividend of 14.8 pence per share to be put to a vote at the 2025 AGM. Subject to shareholder approval, the proposed final dividend is scheduled for payment on 18 June 2026 to shareholders on the register at 5:00pm on 29 May 2026, with the company indicating no tax consequences for the Group from these payments. Gamma Communications has appointed Damien Maltarp as Chief Financial Officer, with a latest expected start date of September 2026. He will succeed Bill Castell, who plans to leave the Group on 31 March 2026 to take an executive role at a private equity backed business.
Story Continues
How This Changes the Fair Value For Gamma Communications
Fair value target has moved from £13.78 to £13.99, a change of about 1.5%. Revenue growth forecast has shifted from about 3.07% to 2.92%. Assumed net profit margin has adjusted from roughly 9.82% to 10.61%. Future P/E multiple has changed from about 22.5x to 21.3x. Discount rate assumption has moved from 7.20% to 7.38%.
Never Miss an Update: Follow The Narrative
Narratives connect Gamma Communications's business story to analyst forecasts and fair value, updating as new information comes in so you can see how the thesis is evolving. They help you link real world developments to the numbers analysts are using.
Head over to the Simply Wall St Community and follow the Narrative on Gamma Communications to stay up to date on:
How cloud adoption, hybrid work and the shift from legacy networks in markets such as Germany are feeding into expectations for recurring revenue growth. The role of recent European acquisitions, technology integration and partner platforms in supporting margin resilience across a broader customer base. Key risks around slower cloud uptake in some regions, integration complexity and the impact of lower margin service provider revenues on overall profitability.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include GAMA.L.
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