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.
Intuit Inc. director Scott D. Cook executed significant stock sales on December 8th and 9th, totaling over $98 million, through a pre-arranged trading plan. Despite recent strong financial results for Intuit, including an 18% revenue increase and outperforming forecasts in its QuickBooks Online and Credit Karma segments, some analysts have adjusted price targets with both positive and mixed outlooks. The company also announced a partnership with the 2028 Olympic and Paralympic Games, securing naming rights for a key venue.
McDonald's Netherlands recently pulled its AI-generated "It's the Most Terrible Time of the Year" ad after it received criticism, particularly in the United States. This article questions whether the decision to remove the ad was the right call and prompts readers to vote. It highlights the ongoing discussion surrounding AI-generated content in advertising.
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.
Keysight Technologies Inc. (NYSE:KEYS) stock has hit an all-time high of $212.98 USD after a 24.61% increase over the past year and a 31.02% YTD return, driven by strong financial results and strategic initiatives. Despite trading at a high P/E ratio, analysts from UBS, Wells Fargo, Jefferies, and Baird have increased price targets due to robust performance, especially in AI and data center demand. InvestingPro suggests the stock might be overvalued, with RSI indicating overbought conditions.
Adobe reported better-than-expected financial results, driven by increasing demand and rapid adoption of its artificial intelligence products. This positive performance has led to a climb in Adobe's stock.
Intuitive (NASDAQ: ISRG) has received FDA clearance for its da Vinci Single Port surgical system for use in inguinal hernia repair, cholecystectomy, and appendectomy procedures. This expands the system's capabilities beyond its existing approvals for urology, colorectal, thoracic, and transoral procedures. The da Vinci SP system allows surgeons to perform procedures through a single incision with advanced precision, supported by over 500 peer-reviewed publications.
TD Cowen analyst Shaul Eyal reiterated a Buy rating for SailPoint, Inc. (SAIL) with a $30.00 price target. This comes after the company reported quarterly revenues of $230.47 million and a GAAP net loss of $187.31 million. Despite some negative insider sentiment with recent share sales, the analyst consensus remains a "Strong Buy" for SAIL.
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.
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.
The west must not prevaricate when it comes to seizing Russian reserves
Ruchir Sharma