News

Amtech: Fiscal Q4 Earnings Snapshot

Amtech Systems Inc. (ASYS) reported a fiscal fourth-quarter net income of $1.1 million, or 7 cents per share, adjusting to 10 cents per share. The company posted revenue of $19.8 million for the quarter, with its annual loss widening to $30.3 million on revenues of $79.4 million. Amtech anticipates revenue between $18 million and $20 million for the current quarter and has seen its shares climb 69% year-to-date.

Intuitive wins expanded FDA indications for da Vinci SP for trio of new procedures

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.

Amtech Systems Announces $5 Million Share Buyback

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.

Key facts: Intuit's Growth Fueled by Localization Strategy; Director Sells Shares

Intuit's growth is attributed to its asset-light localization strategy, high customer retention, and the successful integration of Credit Karma. This growth occurs as Director Richard L. Dalzell has initiated a plan to sell 999 shares of restricted stock.

AMTECH SYSTEMS INC SEC 10-K Report

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.

Intuitive Receives FDA Clearance for da Vinci SP Surgical System's Use in Inguinal Hernia Repair, Cholecystectomy, and Appendectomy Procedures

Intuitive (NASDAQ: ISRG) announced that its da Vinci Single Port (SP) surgical system has received FDA clearance for use in inguinal hernia repair, cholecystectomy, and appendectomy procedures, expanding its capabilities beyond existing clearances. This system allows surgeons to perform procedures through a single incision, offering enhanced visualization and precision, and is also approved in Europe, Japan, and Korea for various procedures. The company aims to advance less invasive surgical approaches, reducing recovery times and healthcare costs, supported by extensive peer-reviewed research.

Uber Technologies Inc. stock underperforms Wednesday when compared to competitors

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.

Wells Fargo CEO warns more job cuts coming as bank expands AI use

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.

T-Mobile US CEO stakes carrier’s 6G leadership goal

T-Mobile US CEO Srini Gopalan has declared the company's ambition to lead the industry in 6G development, building on its 5G successes. He emphasized the critical role of AI in 6G, particularly for operational efficiencies and enabling new applications like advanced automation and robotics that require low-latency "physical AI" capabilities. Gopalan also highlighted anticipated improvements in spectrum efficiency and cybersecurity through 6G, acknowledging the early stages of global standardization efforts.

Veea and Viasat Mexico Collaborate to Accelerate Digital Transformation Across Mexico's Underserved Communities

Veea Inc. and Viasat Mexico are collaborating to bring digital transformation to underserved communities across Mexico. This partnership integrates Veea's intelligent edge platform with Viasat's hybrid networks to provide managed Wi-Fi and edge applications, converting basic connectivity into comprehensive digital ecosystems. The initiative, beginning with a successful deployment in Cuetzalingo, aims to expand nationwide, fostering sustainable digital economies and improving access to education, healthcare, and commerce.

The west must not prevaricate when it comes to seizing Russian reserves

Ruchir Sharma