Wells Fargo's CEO announced that the bank anticipates further job reductions as it increases its adoption of artificial intelligence. The CEO believes this expansion of AI will enhance bank efficiency, though the local impact on Wells Fargo's largest employee base in Charlotte, which has approximately 27,000 workers, remains unaddressed by officials. The move comes amidst a lawsuit against the bank by former CEO Tim Sloan over stock awards.

Putnam Greene Financial Corporation has selected Jack Henry to modernize and standardize the technology infrastructure across its four subsidiary banks. The choice was driven by Jack Henry's modern core processing platform, which offers scalability, flexibility, and strong integration capabilities. This move aims to enhance digital experiences and solidify the holding company's technological landscape.

T-Mobile US (TMUS) is experiencing a volatile end to 2025, with its share price near 52-week lows despite strong fundamentals like record customer growth and raised guidance. Wall Street analysts remain largely bullish, with consensus price targets suggesting 25-40% upside, attributing the disconnect to sector headwinds and temporary market sentiment. The article details updated analyst ratings, insider activity, and T-Mobile's robust Q3 2025 performance, alongside its strategic growth drivers including 5G expansion, the UScellular acquisition, and AI integration.

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.

Intuitive (NASDAQ: ISRG) announced that its da Vinci single port (SP) surgical robot received expanded FDA clearance for inguinal hernia repair, cholecystectomy, and appendectomy procedures, adding to its existing indications. This marks the second FDA label expansion for da Vinci SP this year, highlighting Intuitive's commitment to advancing minimally invasive surgical options. The company continues to evolve the platform with new tools and capabilities to enhance patient care and reduce recovery times.

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.

Amtech Systems (ASYS) has announced a $5 million share repurchase program following strong financial results for Q4 2025, driven by demand for AI-related products. The company reported $19.8 million in net revenue and $1.4 million in non-GAAP net income, with AI infrastructure contributing over 30% to its Thermal Processing Solutions segment. Despite these positives, an analyst maintains a Hold rating with a $7.50 price target, citing ongoing operational inefficiencies and valuation concerns.

Bank of New York Mellon's stock reached an all-time high of $117.42, reflecting strong investor confidence with impressive 1-year and year-to-date returns. The company, which has a "GOOD" financial health rating and a 55-year history of dividend payments, is considered undervalued by InvestingPro analysis. Recent developments include a raised price target from TD Cowen, integration of Google Cloud AI, launch of a stablecoin reserves fund, and a decrease in its Prime Lending Rate.

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.

Applied Materials Inc. (AMAT) stock has hit an all-time high of $273.63 USD, boasting a $216 billion market capitalization and a 60.44% one-year return. Despite a premium P/E ratio of 31.4 and appearing slightly overvalued by InvestingPro, the company's "GREAT" financial health and 21 consecutive years of dividend payments, along with recent analyst upgrades, highlight its strong performance in the semiconductor industry.