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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 that it will present positive Phase 2 lifileucel results in previously treated metastatic NSCLC, alongside a precision-medicine update, has sparked attention around the therapys potential beyond melanoma. Traders are largely bullish, while some caution that detailed efficacy results have not been disclosed and buyout or short-squeeze claims remain speculation.

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 earnings miss and heavy AI infrastructure spending, which weighed on cash flow, drove the selloff; traders also debated softer search and advertising trends against strong Google Cloud growth. The reaction is split between concerns that spending may not deliver returns soon and dip-buying optimism about Alphabets AI and cloud prospects.

Alphabet Inc - Ordinary Shares - Class C

Alphabets earnings miss and heavy AI infrastructure spending, which pressured cash flow, are driving the selloff. Traders are split between concerns about spending, search growth and AI returns, and dip-buying arguments that strong cloud growth and long-term AI potential outweigh the setback.

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 reportan earnings miss and softer forward contract-growth guidance despite revenue growth and a higher AI targetsparked a sharp selloff. Traders debate whether the outlook signals slowing growth and AI-driven pressure on software, or whether the market overreacted to a strong underlying business.

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 fueled attention, with traders debating the strategic fit in AI data-center optics. The talks remain unconfirmed and no final deal has been reached; some traders are optimistic about a takeover, while others question the financing and warn the rumor-driven move may fade.

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 stronger-than-expected guidance helping ease concerns about AI infrastructure spending. Traders reacted positively, though some questioned the scale and returns of continued capex as the after-hours gains faded amid broader tech volatility.

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

Trian and its partners non-binding proposal to take Wendys private is driving attention, with the board reviewing the offer and no guarantee a deal will proceed. Many traders view it as a lowball bid and argue for a higher offer, while others doubt a deal or bidding war will materialize; short-squeeze speculation is also prominent.

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

VKTX is drawing attention after its quarterly update and conference call, with traders focused on the longer-than-expected path to VK2735 commercialization and the lack of a partnership or buyout announcement. The debate centers on whether the company should commercialize independentlyraising concerns about cash burn and dilutionor partner or sell, while bulls point to advancing Phase 3 trials and a substantial cash runway.

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 quarterly report triggered a sharp selloff despite beating headline estimates and raising its overall outlook; traders focused on weaker gross margins, decelerating billings and product growth, and a reduced services forecast. The debate is whether the reaction is an overcorrection to a strong quarter or a justified reset for a richly valued stock facing slower growth.

Oracle Corp. engages in the provision of products and services that address aspects of corporate information technology environments, including applications and infrastructure technologies. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers enterprise applications and infrastructure technologies through cloud and on-premise deployment models including cloud services and license support offerings. The Hardware segment provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management, and other hardware-related software. The Services segment offers consulting, advanced support, and education services. The company was founded by Lawrence Joseph Ellison, Robert Nimrod Miner, and Edward A. Oates on June 16, 1977 and is headquartered in Austin, TX.

Oracle Corp.

Oracles investor-day outlookprojecting strong long-term growth, a path to positive free cash flow, and a cap on additional financinghelped ease concerns about the debt and spending behind its AI data-center buildout and drove a sharp rally. Traders largely welcomed the guidance, while skeptics questioned whether Oracle can execute and sustain the gains.

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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.

Yes, the bottom is in

No, more downside ahead

Too early to tell

Depends on the stock

Neocloud stocks like $NBIS, $CRWV, $IREN, and $APLD are rebounding after a brutal October. Have they bottomed?

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