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A member of Commission VI DPR, Gde Sumarjaya Linggih, believes that PT Telkom Indonesia's (TLKM) spin-off of its fiber infrastructure business to InfraCo/TIF is a strategic move to address the digital divide and ensure equitable access to optimal services across Indonesia. This initiative is expected to boost efficiency in the telecommunications industry and foster a stronger digital ecosystem, potentially leading to broader infrastructure sharing. The digital economy is projected to be a significant contributor to the national economy, and this spin-off aims to act as a catalyst for its growth.
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.
Western Digital (WDC) stock achieved an all-time high of $178.51, reflecting significant investor confidence and strong market performance with a 227.28% increase over the past year. Analyst firms like BofA Securities, TD Cowen, UBS, and Baird have raised their price targets, signaling a positive outlook for the company driven by strategic advancements and favorable market conditions. The company's financial health is rated as "GREAT" by InvestingPro, indicating potential for continued growth.
Corning Inc. stock reached a 52-week high of $92.6 USD, climbing further to $92.83, reflecting strong investor confidence and a 93.87% appreciation over the past year. Despite trading above its Fair Value according to InvestingPro, analysts project further upside with a top price target of $109, driven by anticipation of their next earnings report on February 3, 2026. The company also reported strong Q3 2025 financial results and UBS raised its price target due to expected growth in Corning’s optical segment from data center expansion.
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.
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.
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.
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.
Intuitive (NASDAQ: ISRG) has announced that the U.S. FDA has cleared its da Vinci Single Port (SP) surgical system for expanded use in inguinal hernia repair, cholecystectomy, and appendectomy procedures. This expands on its existing clearances in urology, colorectal, thoracic, and transoral procedures. The da Vinci SP system allows surgeons to perform procedures through a single incision or natural orifice, offering enhanced visualization and precision, and is part of Intuitive's commitment to less invasive and profoundly better patient care.
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.
The west must not prevaricate when it comes to seizing Russian reserves
Ruchir Sharma