Snowflake (SNOW) shares were up over 5% in Friday trading after HSBC upgraded the stock to buy from hold and raised its price target to $289 from $176.
Intraday trading volume stood at more than 13.3 million shares, against a daily average of roughly 7.5 million shares.
Price: $251.82, Change: $+12.62, Percent Change: +5.28%
Equity Residential (EQR) shares were over 1% lower in Friday trading after Piper Sandler downgraded the stock to neutral from overweight, and lowered its price target to $72 from $78.Trading volume stood at more than 1.5 million shares, compared with a daily average of about 2.6 million.Price: $65.49, Change: $-0.78, Percent Change: -1.17%
Universal Music's board has rejected Pershing Square's (PS) takeover proposal after determining that the offer undervalued the company and would not deliver superior value creation, the music company said Friday.Pershing Square declined to comment to.Price: $38.92, Change: $+0.31, Percent Change: +0.79%
(Updates with the company's response in the third paragraph.)Amazon.com (AMZN) has shut down an internal leaderboard tracking AI tool usage after some employees tried to boost their scores through unnecessary activity that increased the company's computing costs, the Financial Times reported Friday, citing two people familiar with the matter.Dave Treadwell, an Amazon senior vice-president, told staff the leaderboard had been created with "good intentions," but led to additional costs as employees engaged in "tokenmaxxing," or inflating their consumption of AI tokens, according to the report.An Amazon spokesperson toldin an emailed response that the internal dashboard was created by a group of employees to drive awareness about how AI can accelerate work and since then has been deprecated.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $270.53, Change: $-3.47, Percent Change: -1.27%