SAN•Santander said it built AI capabilities using NVIDIA infrastructure; bids for Tubos Reunidos’ assets envisage workforce cuts, while Jefferies raised its Endesa target price and cut its Ence target price.
Santander said it built AI capabilities that improve performance and lower costs using NVIDIA AI infrastructure. Five bids for Tubos Reunidos’ assets envisage cuts to its 1,300-strong workforce and changes to working conditions; only one offers to acquire both plants for a symbolic 1 euro, Spanish newspaper Cinco Dias reported.
Jefferies raised its target price for Endesa to €37 from €35 and cut its target price for Ence to €2.60 from €2.85.
