News
Cisco Systems Inc. shares have finally surpassed their dot-com era peak after more than 25 years. The stock reached $80.25 on Wednesday, driven by the current boom in artificial intelligence spending. This milestone marks a significant return for a company that was a bellwether of the original dot-com technological revolution.
Amtech Systems Inc. (ASYS) has released its annual Form 10-K report, revealing a challenging financial year with decreased revenue and significant net losses. The company is focusing on strategic initiatives like R&D, a semi-fabless manufacturing model, and real estate asset sales to navigate the highly cyclical semiconductor industry. Despite challenges, Amtech anticipates future growth driven by AI infrastructure, supply chain resiliency, and advanced mobility markets.
Wolfspeed (NYSE:WOLF) shares dropped 5.8% on Wednesday to $21.4450 on an 84% decline in trading volume, despite the company slightly beating quarterly revenue and EPS estimates. Analysts are mixed with a "Reduce" consensus rating and a $10.50 average price target, expecting significant full-year losses. Institutional investors have notably adjusted their stakes, with Vanguard increasing its holdings.
T-Mobile has been referred to the Federal Trade Commission and state Attorneys General by the National Advertising Division (NAD) after the company declined to participate in an inquiry regarding its 5G network capacity claims. The inquiry was initiated following a challenge from AT&T, which argued that T-Mobile's assertions of superior 5G capacity lacked substantiation. T-Mobile cited an ongoing federal lawsuit filed by AT&T against BBB National Programs as its reason for non-participation, leading NAD to escalate the matter to regulatory authorities for potential enforcement action.
Seagate Technology Holdings PLC (STX) saw its stock price rally by 5.68% on a strong trading day, outperforming the S&P 500 Index and the Dow Jones Industrial Average. The company's stock hit a new 52-week high of $298.92, surpassing its previous peak. This performance occurred during a positive overall market session.
Veea Inc. and Viasat Mexico have partnered to expand digital inclusion in underserved communities across Mexico. This collaboration integrates Veea’s VeeaONE intelligent edge platform with Viasat Mexico’s hybrid satellite and terrestrial infrastructure to deliver managed Wi-Fi and edge applications. Despite Veea's recent revenue growth, the company remains unprofitable and exhibits high stock volatility.
Uber Technologies Inc. shares (UBER) fell 5.51% to $84.16 on Wednesday, despite an overall positive trading session for the broader market. This marked the stock's second consecutive day of losses. The NASDAQ Composite Index and Dow Jones Industrial Average both saw gains.
Intuitive Surgical, Inc. announced that the U.S. FDA has cleared its da Vinci Single Port (SP) surgical system for expanded indications, including inguinal hernia repair, cholecystectomy, and appendectomy procedures. This clearance broadens the system's capabilities beyond its existing applications in urology, colorectal, thoracic, and transoral procedures. The da Vinci SP system offers enhanced visualization and precision through a single incision, aiding surgeons in complex anatomical spaces.
SailPoint, Inc. has released its Q3 10-Q report, demonstrating strong financial and operational performance with a 20% increase in total revenue to $281.9 million and an improved net loss position. The growth was primarily driven by subscription revenue, especially SaaS, and strategic initiatives including new product launches and expanding customer relationships. SailPoint highlighted its continued investment in AI, deeper penetration into international markets, and increasing SaaS offerings as key future strategies.
Absci Corporation has announced a partnership with U.S. soccer legend Landon Donovan to raise awareness about the emotional impact of androgenetic alopecia (AGA) and the need for better therapeutic options. Donovan, who will share his personal hair loss journey at an upcoming Key Opinion Leader seminar, aims to destigmatize the condition and support Absci's scientific approach to developing treatments. Absci's investigational antibody, ABS-201, designed with generative AI, targets prolactin receptors for hair follicle regeneration and is expected to have interim data from its Phase 1/2a HEADLINE study in the second half of 2026.
The west must not prevaricate when it comes to seizing Russian reserves
Ruchir Sharma