SEC subpoenaed Wall Street banks over AI hedge fund Situational Awareness's near-collapse
The regulator sought details on the fund's trades, leverage, and communications with lenders including Goldman Sachs, JPMorgan, Citigroup, and Bank of America
Raymond James upgraded AMD to Strong Buy from Outperform with a price target of $641, citing the company's data center positioning and market share gains. Wolfe Research upgraded Moderna to Peer Perform from Underperform, stating that the positive melanoma trial de-risks the intismeran platform. Wells Fargo upgraded Shift4 Payments to Overweight from Equal Weight with a price target of $59, anticipating an improved share setup post the Q2 report.
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- SEC reportedly subpoenas Wall Street banks over AI hedge fund Situational Awareness's near collapse cnbc.com
