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Iovance Biotherapeutics, Inc. engages in the development and commercialization of cell therapies using autologous tumor-infiltrating lymphocytes (TIL) for the treatment of cancer. Its products include Amtagvi (lifileucel), and Proleukin (aldesleukin). The firm also develops investigational TIL therapies for other solid tumor cancers. The company was founded by Robert T. Brooke on September 17, 2007 and is headquartered in San Carlos, CA.

Iovance Biotherapeutics Inc

Iovances announcement of positive IOV-LUN-202 Phase 2 results in previously treated metastatic NSCLC and a webcast to discuss the data has driven attention, with traders focused on whether lifileucel could expand beyond melanoma and whether precision-based patient selection strengthens the case. The community is broadly enthusiastic, but speculation about improved response rates, an earlier FDA path, and a short squeeze remains unconfirmed pending detailed data.

Alphabet, Inc. is a holding company, which engages in software, health care, transportation, and other technologies. It operates through the following segments: Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services, such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment refers to infrastructure and platform services, collaboration tools, and other services for enterprise customers. The Other Bets segment relates to the sale of healthcare-related services and internet services. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Alphabet Inc - Ordinary Shares - Class A

Alphabet Inc Class A

Alphabets quarterly results sparked a sharp selloff as investors focused on the earnings shortfall, negative free cash flow, and expectations for significantly higher AI infrastructure spending, despite rapid Google Cloud growth. Traders are split between viewing the drop as a buying opportunity and worrying that capex, weaker advertising and search trends, and uncertain AI returns could pressure the business.

Alphabet Inc - Ordinary Shares - Class C

Alphabets earnings disappointment and heavy AI infrastructure spending, which weighed on profits and cash flow despite strong Google Cloud growth, are driving the discussion. Traders are split between viewing the selloff as an overreaction and worrying that rising costs, slowing search growth, and AI competition could undermine returns.

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment is composed of products and services relating to productivity, communication, and information services such as Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of public, private, and hybrid server products and cloud services for businesses and developers, as well as enterprise and partner services. The More Personal Computing segment refers to products and services including Windows operating system, Windows cloud services, Surface, HoloLens, personal computer accessories, Xbox hardware, Xbox Cloud Gaming, Microsoft News, and Microsoft Edge. The company was founded by Paul Gardner Allen and William Henry Gates, III in 1975 and is headquartered in Redmond, WA.

Microsoft Corporation

Microsoft Corp

Microsofts quarterly results beat expectations, with accelerating Azure growth and a stronger outlook; traders also welcomed capital spending coming in below expectations. The initial bullish reaction faced a sell-the-news counterpoint, as some debated whether AI investment can translate into durable cash flow and the shares gave back part of their after-hours gains.

Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Cloud and Networking, and Industrial Tech segments. The Cloud and Networking segment refers to a portfolio of optical and photonic components, modules, and subsystems. The Industrial Tech segment includes solid-state lasers, kilowatt-class fiber lasers, ultrafast lasers, diode lasers, and gas lasers. The company was founded in 1979 and is headquartered in San Jose, CA.

Lumentum Holdings Inc

Reports that Marvell is in advanced talks to acquire Lumentum have driven attention, with traders debating whether the reported deal will materialize and how Marvell would finance it. The potential tie-up is seen as a strategic move in AI data-center optics, but no agreement is final.

ServiceNow, Inc. engages in the provision of an end-to-end workflow automation platform for digital businesses. Its Now Platform is a cloud-based solution embedded with artificial intelligence (AI) and machine learning (ML). The company was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, CA.

ServiceNow Inc

ServiceNows mixed quarterly resultsan earnings miss and softer forward contract-growth guidance despite revenue growth and a raised AI sales targettriggered a sharp selloff. Traders are divided between concerns about slowing software growth and AI disruption, and buyers who view the drop as an overreaction to strong AI demand and business momentum.

SELLAS Life Sciences Group, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of immunotherapeutic for cancer indications. Its product pipeline includes galinpepimut-S. The company was founded by Angelos M. Stergiou on April 3, 2006 and is headquartered in New York, NY.

SELLAS Life Sciences Group Inc

SELLAS said its Phase 3 REGAL trial of the AML vaccine GPS reached the prespecified 80th event, triggering final analysis ahead of topline results expected this quarter. The stocks sharp decline after the milestone has fueled debate: some traders view it as a sell-the-news reaction before a binary data readout, while others warn the trials efficacy remains uncertain.

Viking Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of therapies for metabolic and endocrine disorders. The company was founded by Brian Lian and Michael A. Dinerman on September 24, 2012 and is headquartered in San Diego, CA.

Viking Therapeutics Inc

Vikings Q3 results and conference-call comments have focused attention on VK2735s commercialization timeline, with the CEOs estimate of roughly two and a half years to launch prompting criticism that the company is moving too slowly. Investors are also debating cash burn and dilution risk, and whether Viking will pursue a partnership or commercialize independently; bullish voices point to the obesity drugs ongoing Phase 3 program and future data as reasons for patience.

The Wendy’s Co. engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S. The Wendy’s International segment is involved in the operation and franchising of Wendy’s restaurants in countries and territories other than the U.S. The Global Real Estate and Development segment focuses on real estate activity for owned sites and sites leased from third parties. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.

Wendy`s Co - Ordinary Shares - Class A

Wendy's Co

Wendys shares jumped on a Trian-led groups proposal to take the company private. Traders largely view the offer as too low and anticipate board resistance or a higher bid, while others warn the proposal could cap gains or fall through; short-squeeze speculation is also common.

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. Its product portfolio includes network security, secure access service edge, enterprise networking, security operations, application security, and operational technology. The company was founded by Ken Xie and Michael Xie in November 2000 and is headquartered in Sunnyvale, CA.

Fortinet Inc

Fortinets sharp post-earnings selloff is dominating discussion: despite an EPS and revenue beat and higher full-year revenue guidance, traders are focused on a reduced service-revenue outlook and signs of slowing growth amid a high valuation. Bulls call the drop an overreaction to otherwise solid results, while bears see the forecast and growth concerns as justification; the decline is also weighing on cybersecurity peers.

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WDC's Pricing-Driven Earnings Beat Divides Wall Street — Analysts Warn Rising Capex, Potential Supply Increases Could Pressure Valuations

Equity

Western Digital's December-quarter earnings guidance topped estimates, but analysts remain divided over whether strong hard disk drive pricing and elevated margins can persist.

CRWV CEO Says ‘No Reduction In Orders’ As CoreWeave Rolls Out Nvidia Vera Rubin AI Systems 

In an interview with CNBC, CoreWeave CEO Mike Intrator said tighter restrictions could change where AI infrastructure is built without reducing underlying demand for computing capacity.


CRWV Stock Gets An 'Outperform' Rating – William Blair Says Rapid Scaling Of AI Is Creating Substantial Demand 

JPMorgan and UBS have also recently issued bullish calls on CoreWeave, pointing to strong AI compute demand, premium pricing and rising revenue per gigawatt.


Akamai-Anthropic Deal’s Magnitude Is Impressive, Says Piper Sandler – Sees It Shift From Being A Value Asset To A Hypergrowth One

According to TheFly, Piper Sandler believes that Anthropic’s commitment could drastically alter Akamai’s financial profile, with Cloud Infrastructure Services potentially surpassing Security by late 2028.

TSEM Stock Gets A Price Target Hike: Tower Semiconductor Positioned For AI’s Silicon Photonics Boom, Says Mizuho

Mizuho initiated coverage of Tower Semiconductor with an ‘Outperform’ rating and a $300 price target.


CRWV Stock Gets JPMorgan Upgrade Despite 'Lackluster' Share Performance, Investor Concerns Around Capital Intensity 

JPMorgan analyst Samik Chatterjee cited a favorable pricing backdrop for AI compute and strong demand for CoreWeave’s infrastructure.


Credo Targets Growing AI Bandwidth Demands With 1.6T Optical Solutions — To Showcase New Modules At ECOC 2026

Credo is expanding its optical portfolio as larger AI clusters drive demand for faster, more reliable connections between computing systems.

Barclays Sees 41% Upside In TSEM Stock As It Initiates Coverage — Says Firm's ‘Well Placed,’ Offers Agnostic Exposure

Barclays sees Tower Semiconductor as a leading silicon photonics foundry positioned to benefit as optical becomes one of the fastest-growing semiconductor end markets, per TheFly.

CRWV Stock: CoreWeave Secures $3.7B For AI Expansion With Convertible Debt Deal

The notes carry a 2.875% annual interest rate and mature in 2033. 


CoreWeave Lands Higher-Priced AI Compute Deals – And Seeks $3B More To Fund Expansion

CoreWeave said it signed short-term third-quarter compute contracts at roughly $40 million per megawatt.


BlackRock ETF Trust - iShares A.I. Innovation and Tech Active ETF

Bullish Sentiment

<ul class="summary-bullets"><li>UBS warned that rising capital expenditures and accelerating industry supply could pressure hard disk drive stock valuations.</li><li>Goldman Sachs said elevated near-term capital spending and potential capacity increases by rivals could pressure WDC’s valuation and shares.</li><li>Western Digital's revenue rose 55% year over year to $4.38 billion, while adjusted EPS surged to $4.64.</li></ul>Western Digital Corp. (WDC) drew mixed analyst reactions on Friday despite strong fiscal first-quarter earnings and guidance, as concerns over rising capital expenditures and potential increases in industry supply raised questions about the stock’s valuation.Morgan Stanley raised its price target to $668 from $643 and maintained an ‘Overweight’ rating, saying Western Digital delivered a “strong, pricing-driven beat”. The firm highlighted robust December-quarter earnings guidance, but cautioned “the market continues to be fickle,” according to the note cited by TheFly.UBS, however, lowered its target to $435 from $470 and kept a ‘Neutral’ rating. Despite acknowledging strong results and supply-constrained demand, the firm warned that rising capital expenditures, accelerating supply and uncertainty over demand beyond the current cycle could lead to further valuation compression.As of this writing, <a href="https://stocktwits.com/symbol/WDC">WDC stock</a> was down more than 4% in Friday’s premarket, on track to extend the previous session’s 6.4% decline. It was also among the top trending tickers on Stocktwits.&nbsp;<h2 class="st-heading-2">Citi Backs Demand Outlook, Goldman Flags Valuation Risks</h2>Citi maintained its ‘Buy’ rating, saying Western Digital's strong quarter reinforced its positive outlook on the hard disk drive (HDD) storage cycle. The firm, however, lowered the price target, citing a reduced peer valuation multiple, per TheFly.Goldman Sachs said WDC shares could trade modestly lower despite strong quarterly results and guidance well above consensus, as elevated near-term capex and potential capacity increases by competitors could limit valuation multiples.The firm noted that management continues to expect sustained demand, constrained industry supply, and further growth in revenue, margins, and earnings.<div><figure class="table"><table class="ck-table-resized"><colgroup><col><col><col><col><col></colgroup><tbody><tr><td>Analyst Firm</td><td>Rating</td><td>New Target</td><td>Previous Target</td><td>% Change From Last Close (Oct. 22)</td></tr><tr><td>Baird</td><td>Outperform</td><td>$900</td><td>$630</td><td>+154.1%</td></tr><tr><td>Morgan Stanley</td><td>Overweight</td><td>$668</td><td>$643</td><td>+88.6%</td></tr><tr><td>Citi</td><td>Buy</td><td>$660</td><td>$740</td><td>+86.3%</td></tr><tr><td>Goldman Sachs</td><td>Neutral</td><td>$540</td><td>$615</td><td>+52.5%</td></tr><tr><td>UBS</td><td>Neutral</td><td>$435</td><td>$470</td><td>+22.8%</td></tr></tbody></table></figure></div><h2 class="st-heading-2">WDC Forecasts Stronger Revenue Growth And Margins</h2>Western Digital's fiscal first-quarter (Q1) revenue rose 55% year over year to $4.38 billion, beating the $4.14 billion analyst consensus tracked by FiscalAI. Adjusted EPS surged to $4.64, exceeding the consensus estimate of $4.10.The company forecast fiscal second-quarter (Q2) revenue of $5 billion to $5.2 billion, representing approximately 69% year-over-year growth at the midpoint. The company expects adjusted gross margin of 60% to 61% and adjusted EPS of $5.60 to $6.<h2 class="st-heading-2">Retail Investors’ Sentiment Around WDC Stock</h2>Despite the recent selloff, retail investors’ sentiment around WDC stock flipped to the ‘bullish’ territory amid ‘high’ levels of message volume.<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_10_23_170834_f47281e8be.png" alt="Screenshot 2026-10-23 170834.png" width="815" height="421"><figcaption>WDC stock retail sentiment on October 23, as of 08:00 a.m. ET | Source: Stocktwits</figcaption></figure>So far this year, WDC shares have surged nearly 89%. By comparison, the iShares AI Innovation and Tech Active ETF (<a href="https://stocktwits.com/symbol/BAI">BAI</a>), which holds the stock, has risen over 18% over this period.See Also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/cathie-wood-s-ark-loads-up-38-110-meta-shares-across-3-et-fs-despite-mounting-ai-spending-concerns/cZxyX6URBxa">Cathie Wood's ARK Loads Up 38,110 Meta Shares Across 3 ETFs Despite Mounting AI Spending Concerns</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A person holds a smartphone displaying the Western Digital logo. (Photo credit should read CFOTO/Future Publishing via Getty Images)

Western Digital Corp. (WDC) drew mixed analyst reactions on Friday despite strong fiscal first-quarter earnings and guidance, as concerns over rising capital expenditures and potential increases in industry supply raised questions about the stock’s valuat

WDC's Pricing-Driven Earnings Beat Divides Wall Street — Analysts Flag Rising Supply, Valuation Risks

iShares A.I. Innovation and Tech Active ETF

Western Digital Corp.

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