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XRP’s Wave 3 Incoming? Egrag Crypto Calls RSI Drop a Momentum Reset
CoinEdition·2026/02/06 05:27
Pieverse and TermMax Partner to Launch AI-Driven Fixed-Rate Yields for Agentic DeFi
BlockchainReporter·2026/02/06 05:00
Peter Schiff taunts Strategy as Bitcoin bet turns red
Grafa·2026/02/06 04:39

XRP retraces 61% from its peak – But THIS signal hints at deeper trouble
AMBCrypto·2026/02/06 04:03
Pump.fun acquires Vyper to expand cross-chain trading terminal
The Block·2026/02/06 03:30

$4mln Hyperliquid whale opens 3x SOL short – Trouble ahead for Solana?
AMBCrypto·2026/02/06 03:03

Is the “Perfect Storm” Here? Liquidations Explode as Bitcoin Bleeds Below $70K & DXY Rises
Coinpedia·2026/02/06 01:30

Former CFTC Chair Says XRP Became the Poster Child of the Warren–Gensler Crackdown on Crypto
Coinpedia·2026/02/06 01:30

Bitcoin Price Survival Test: Is a $53K Revisit Inevitable?
Coinpedia·2026/02/06 01:30
Flash
03:25
Mizuho, TD Cowen Raise Allegro Price Targets as Market Looks for AI Wave Beneficiaries Beyond Tech GiantsBlockBeats News, June 30th, on Monday, US stock sensor and power semiconductor solution provider Allegro MicroSystems (ALGM) rose by 14.7%, closing at $66.37 and reaching a historical high of $67.41 during the day. Mizuho Securities analyst Vijay Rakesh maintained the stock's "Outperform" rating and raised the target price from $54 to $67. The reason is that the company is benefiting from the surge in AI server demand for current sensors, fan drivers, and power semiconductors.
TD Cowen also identified Allegro as one of the "top picks" in mid-cap stocks, with a target price of $70. The firm believes that the electrification of vehicles, autonomous driving, and AI data centers are all long-term growth drivers for the company, with the data center business currently accounting for approximately 14% of Allegro's revenue.
Such rating adjustments indicate that Wall Street is looking for AI beneficiaries beyond NVIDIA and Micron. AI data centers not only require GPUs and high-bandwidth storage but also demand power supply, cooling, sensing, connectivity, and control systems. As capital expenditures shift from cloud providers' budgets to actual construction orders, more small and medium-sized hardware companies are being included in the AI trading landscape.
Analysts also noted that second-tier AI concept stocks typically have lower liquidity and greater valuation elasticity, making their stock prices more sensitive to brokerage ratings and target price adjustments. Allegro's rise reflects the market's optimism about the diffusion of the AI hardware supply chain and demonstrates investors' willingness to pay a higher premium for companies benefiting indirectly from AI.
03:11
Analysis: Excessive Weight of Chip Stocks Pushes South Korean Stock Market into the Danger ZoneBlockBeats news, on June 30, the global artificial intelligence boom has driven the share prices of Samsung Electronics and SK Hynix to historic highs this year, but this rally has also exposed the structural vulnerabilities of the Korean stock market, which is unaccustomed to sharp volatility. SK Hynix and Samsung now account for a record 60% combined weight in Korea's KOSPI Index, compared to about 40% two years ago. Baosheng Head of Equity Research Mathieu Lachet stated that the recent market trends are an important reminder of the risks of concentration. When investors' positions become crowded, periods of high volatility should be expected.
03:11
Prediction market index construction project Adjacent completes $2.5 million Pre-Seed funding roundForesight News reports that the prediction market index construction project Adjacent has completed a $2.5 million pre-seed funding round, with participation from Night Capital, VanEck, UFO Holdings, Maven 11, and DCG. The specific amount of financing has not yet been disclosed.
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