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.

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's stock has reached an all-time high of $298.0 USD, reflecting a significant 202.49% increase over the past year and strong investor confidence. This milestone follows strategic financial moves, including a $500 million note exchange, and positive analyst upgrades based on improved supply-demand dynamics in the hard disk drive industry. Analysts from BofA Securities, TD Cowen, and Cantor Fitzgerald have raised price targets, anticipating continued growth for Seagate.

Western Digital Corporation (NASDAQ: WDC) has seen its stock rise by 7.32%, driven by positive industry momentum and strong analyst sentiment. Loop Capital, China Renaissance, BofA, and Citi have all raised price targets and issued "Buy" ratings, citing increased hard disk drive demand and effective cost strategies. The company's financial performance, marked by improving gross margins and robust cash flow, underpins these optimistic forecasts.

Adobe has projected its fiscal 2026 revenue and profit to exceed Wall Street expectations, driven by strong demand for its design tools and increased monetization of its artificial intelligence offerings. The company, which is heavily investing in generative AI with its Firefly tool, is also making strategic acquisitions like Semrush to bolster its position in the ad market amidst rising competition. Adobe plans to reformat its financial reporting to highlight subscription revenue and annual recurring revenue from fiscal 2026 onwards.

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.

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.

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) 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.

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.