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NASDAQ:CAN News 8 December 2025

Canaan Inc (CAN) Stock: BTIG Buy Rating, Green Bitcoin Pivot and 2026 Forecasts — December 8, 2025

Canaan Inc (CAN) Stock: BTIG Buy Rating, Green Bitcoin Pivot and 2026 Forecasts — December 8, 2025

Canaan Inc. (NASDAQ: CAN), the Bitcoin mining hardware maker turned vertically integrated miner, is back in the spotlight on December 8, 2025 after BTIG launched coverage with a Buy rating and a $3.00 price target, implying several hundred percent upside from where the stock trades today. Investing At the same time, Canaan’s fundamentals have sharply improved, its energy strategy is…
8 December 2025
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Stock Market Today

  • Tech Stocks Plunge as AI Threatens Revenue Models in Enterprise Software
    February 5, 2026, 4:08 AM EST. Tech stocks plunged, wiping out $300 billion in market value, as traders realized AI's potential to slash revenues across enterprise software providers. Palantir executives stated AI can drastically reduce time for complex software tasks, threatening software-as-a-service (SaaS) businesses like Microsoft, Salesforce, and ServiceNow. Palantir's AI tool cuts SAP ERP migration time from years to weeks, signaling broad industry disruption. Analysts from Jefferies warned this could erode up to 70% of revenues for Indian IT firms reliant on application services, highlighting downside risks to valuations. The market reshapes amid fears that AI-driven efficiencies will undercut traditional tech revenue streams.
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