BUZZ-Caribou shares plunge as company explores sale and cancels cancer project

06:41 AM EDT, 10/07/2026 (MT Newswires) -- RWE Chief Executive Markus Krebber said any involvement by the German utility in Uniper would be limited after RWE and KKR (KKR) submitted a joint non-binding bid for the state-owned energy company, Bloomberg reported Wednesday. RWE is not targeting a takeover, given its significant position in Germany's energy market, Krebber said in an interview with Bloomberg. RWE did not immediately respond to MT Newswires' request for comment. (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.)

October 7 - Marvell Technology (MRVL.O) on Tuesday raised its fiscal 2028 revenue forecast to around $20 billions, beating Wall Street expectations, as surging artificial intelligence spending drives growing demand for the company’s custom data center chips. At least 11 analysts have raised their price targets; the median target price among 45 brokerages covering the stock is $325, according to Reuters data. Full speed ahead: Morgan Stanley (rated “Neutral”, target price $300) said the company's long-term targets are achievable in a potential $3 trillion AI infrastructure spending environment, but cautioned that the projected 55%-70% growth leaves almost no room for execution errors, setting a high bar for quarterly results. JPMorgan (“Overweight”, target price $360) noted: "The company is operating at full speed, and the upgraded outlook is not limited to a single product category or customer, but is supported by multiple growth drivers across the data center full stack.” TD Cowen (“Buy”, target price $350) stated that Marvell’s underlying growth momentum has fully shifted to its robust connectivity business, and the risks associated with its custom XPU projects have substantially eased. Melius Research (“Buy”, target price $445) believes that Marvell's market capitalization could reach $1 trillion if the company executes as planned. (For the convenience of non-English speakers, Reuters has automatically translated its report into several other languages. Due to possible errors in automated translation or the absence of required context, Reuters does not guarantee the accuracy of translated texts, which are provided only for reader convenience. Reuters assumes no liability for any damage or loss caused by use of the automated translation feature.)

October 7 - **Shares of AI data center infrastructure provider Penguin Solutions (PENG.O) rose 6.3% in pre-market trading to $68.26.** The company raised its fiscal 2027 net sales forecast to a midpoint of about $2.43 billion, up from the previous midpoint of about $2.17 billion; it expects fiscal 2027 revenues to grow 40% year-over-year, with a margin of error of ±10%. **Fiscal 2027 adjusted earnings per share (EPS) are projected at $4.45 (with a fluctuation of plus or minus $0.70), while consensus analyst expectations, according to LSEG data, were at $3.38.** The report shows Q4 revenue at $566.7 million and adjusted EPS at $1, both beating analyst estimates. **All seven brokerage firms covering the stock have a "buy" or higher rating; the median price target is $82.5.** As of the previous trading day’s close, PENG shares are up more than threefold this year, while the S&P 600 Small Cap Index .SPCY has risen just over 15% during the same period. (For the convenience of non-English speakers, Reuters provides automatic translations of its reports into several other languages. Due to the potential inaccuracy of automatic translations or missing context, Reuters does not guarantee the accuracy of these translated texts and provides them solely for the convenience of readers. Reuters assumes no liability for any damage or loss arising from the use of automatic translation features.)