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Xtend, Quantum Systems Collaborate on Autonomous Defense Systems

Xtend AI Robotics (XTND) and Quantum Systems said Thursday they are collaborating to develop integrated autonomous mission systems for defense, homeland security and public safety customers.Under their partnership, Xtend's XOS operating system and autonomous capabilities will be integrated into Quantum Systems' Mosaic UXS mission software ecosystem, enabling interoperability across sensing, swarming and strike, the companies said.The companies said they are already supporting a joint autonomous systems program for a European NATO customer, with additional customer programs and demonstrations planned for 2026 and beyond.Xtend shares were up 3% in Thursday trading.Price: $4.96, Change: $+0.15, Percent Change: +3.01%

$XTND

Wire13d ago

Apple's Foldable Duo Represents 'Notable Form-Factor Change' for iPhone Lineup, UBS Says

Apple (AAPL) new foldable iPhone represents a "notable form-factor change" for the iPhone lineup, while $100 price increases for the Pro and Pro Max models strike a reasonable balance between demand and rising component costs, UBS Securities said in a report emailed Thursday.The three model lineup was "largely" as expected, the firm said, adding that the initial demand for the Duo could be strong among "existing Apple customers," with more than 5 million units potentially sold in fiscal 2026.The firm said incremental units could be about 6 million, or roughly a 2% tailwind to the 261 million iPhone units forecast for fiscal 2026, if more Pro, Pro Max customers are drawn into the new form factor. It left iPhone estimates "unchanged," forecasting fiscal 2026 iPhone revenue of $252.4 billion and unit sales of 261 million.The firm noted Apple raised Pro and Pro Max prices by $100, in-line with its expectations. While this price increase does not fully offset rising memory costs, a larger $200 increase would have materially weakened demand, according to the note.UBS kept its neutral rating on Apple, with a price target of $296 per share.Price: $321.95, Change: $+6.61, Percent Change: +2.10%

$AAPL

Wire13d ago

Salesforce Enters Partnership With FIDE

Salesforce (CRM) said Thursday it has entered into a multiyear partnership with the International Chess Federation, or FIDE, making it the title sponsor and technological partner of the organization.The company said it will use its Agentforce 360 portfolio, including Slack and Data 360, to unify every layer of the organization's operations, player rankings, and fan connections onto a single platform.The collaboration will introduce an AI-powered Chess Concierge Agent that will provide information on ratings, rules, and live tournament status in any language, Salesforce said.The partnership covers the 2026 and 2028 world championship matches, the 2027 women's match, and the world rankings, the company said.Price: $244.57, Change: $+0.41, Percent Change: +0.17%

$CRM

Wire13d ago

Uber Shares Rise After CEO Buys $10 Million in Stock

Uber Technologies (UBER) stock rose 2.8% in Thursday trading after a regulatory filing showed CEO Dara Khosrowshahi bought 141,000 shares for about $10 million.Intraday volume topped 20.3 million shares, compared with the daily average of 19.3 million.Price: $73.05, Change: $+1.97, Percent Change: +2.77%

$UBER

Wire13d ago

Aviat Networks Shares Rise on $35 Million to $40 Million in Orders From North American Customer

Aviat Networks (AVNW) shares rose 5.8% in Thursday trading, a day after the company received orders though its US affiliate totaling $35 million to $40 million from an existing North America client.The timing, scale, and scope of future deployment decisions depend on the undisclosed client's internal planning and market conditions, Aviat said Wednesday in a regulatory filing.Price: $20.16, Change: $+1.11, Percent Change: +5.83%

$AVNW

Wire13d ago

Digital Bank Nu Starts US Operations

Nu Holdings (NU) said Thursday it has started operations in the US with the launch of a full suite of financial products.The company, a digital bank in Latin America, also said it is introducing Nu Global, a new multi-currency account with free money transfers available in over 35 countries.Price: $15.18, Change: $+0.18, Percent Change: +1.17%

$NU

Wire13d ago

American Eagle Outfitters' Long-Term Thesis Intact Despite Near-Term Pressures, UBS Says

American Eagle Outfitters (AEO) is positioned for improving fundamentals in H2, supported by continued Aerie growth and improving trends at the company, UBS said in a note Wednesday.UBS said Aerie remains a strong growth story, with revenue up 25% and comps up 19% in the quarter. The brokerage sees further runway for OFFLINE, while bra innovation and intimates share gains could provide additional growth.While inventory cleanup, markdowns and elevated selling, general, and administrative expenses remain headwinds, UBS said women's denim and traffic trends are improving, with American Eagle tracking about flat in Q3 after a 1% comp decline in Q2.UBS raised its 2026 sales growth outlook by 120 basis points but cut 2027-2028 EPS estimates by 5%-6% as it reverses the non-recurring tariff refund benefit and flow through its assumptions for lower AE growth and higher SG&A into the outer years.UBS maintained the company's buy rating and lowered its price target to $27 from $31.Price: $14.37, Change: $-2.52, Percent Change: -14.92%

$AEO

Wire13d ago

Lockheed Martin Wins $114 Million US Space Force Contract to Modernize GPS Ground Segment

Lockheed Martin (LMT) said Thursday it has been awarded a $114 million contract by the US Space Force to modernize the GPS ground segment.The contract entails two task orders, with the first $96 million task order to upgrade the current GPS ground system to control the GPS IIIF payload, enabling the system to operate the next-generation IIIF satellites, Lockheed Martin said.Additionally, under the second $17.5 million task order, Lockheed Martin will begin a three-phase comprehensive technology refresh of GPS ground hardware and software, according to a statement.Price: $530.23, Change: $+5.77, Percent Change: +1.10%

$LMT

Wire13d ago

American Water Works Sees Declining Regulatory Risk as Merger Advances, UBS Says

American Water Works (AWK) is entering a period of declining regulatory risk as it advances toward closing its merger with Essential Utilities (WTRG) without a pending water case in the largest Pennsylvania jurisdiction for either company, UBS Securities said in a note Thursday.The investment firm said remaining approval risk is limited, with orders or settlements now pending in six of the eight jurisdictions needed to close the deal. UBS is watching a proposed decision on the merger in Illinois due Friday, though it noted the state's "no harm" standard narrows the range of possible outcomes, and it expects a workable recommendation.UBS said the merger remains on track to close by the end of the first quarter of 2027 and would be 5% accretive to earnings before synergies, while expanding American Water's growth territory and offering optionality through a potential post-closing sale of Peoples Gas.The brokerage is also tracking details of a settlement reached in the Pennsylvania review, expected Sept. 15.UBS reiterated its buy rating on the stock and raised the price target to $162 from $156.Price: $141.21, Change: $+0.88, Percent Change: +0.63%

$AWK$WTRG

Wire13d ago

Ford Motor to Invest $1 Billion in New Paint Shop at Kentucky Truck Plant

Ford Motor (F) plans to invest $1 billion on a new paint shop at its Kentucky Truck Plant in Louisville, the company's largest and highest-revenue US manufacturing plant.Groundbreaking is expected late this year, Ford said Wednesday in a statement.Price: $13.91, Change: $+0.46, Percent Change: +3.42%

Wire13d ago

FingerMotion Signs Binding MoU for Powered Land Site in Alberta

FingerMotion (FNGR) said Thursday it has entered into a binding memorandum of understanding to acquire the land rights and permitting for a 9.9-megawatt, behind-the-meter power generation and compute site in Newell, Alberta.The site is adjacent to a third-party, operating natural gas facility, with established road access and an identified route to carrier fiber, the company said. Financial terms were not provided.The company said it is targeting a fully permitted site within 120 days of release to work.Shares were up over 4% in afternoon trading.Price: $0.19, Change: $+0.01, Percent Change: +4.19%

$FNGR

Wire13d ago

Microsoft, Talkdesk Expand Collaboration for Azure-Backed Software Purchases

Microsoft (MSFT) and Talkdesk have expanded their collaboration, allowing enterprise clients to buy Talkdesk's customer experience automation software with existing Azure cloud spending commitments, Talkdesk said Thursday.The expanded distribution arrangement consolidates corporate purchasing and billing operations into a single Microsoft invoice, allowing organizations to bypass delays caused by vendor onboarding, legal reviews and purchasing approvals, the company said.Price: $492.44, Change: $+0.79, Percent Change: +0.16%

$MSFT

Wire13d ago

Meta Platforms' Weak Trust Score Could Limit Muse Adoption, Oppenheimer Says

Meta Platforms' (META) Muse personal AI agent received positive investor feedback, but the company's weak trust score could limit its adoption by consumers, Oppenheimer said in a note Wednesday.The investment firm said it believes not enough consumers would be willing to pay for Muse and that paying users already subscribe to Gemini or ChatGPT. Muse is not as useful without full password sharing for e-commerce and online services, but not enough consumers trust Meta with passwords, according to the note.Citing its US consumer survey, Oppenheimer said only 8% of the respondents said they would trust Meta with passwords, compared with 30%, 23%, and 16% for Google, Apple and ChatGPT, respectively.Justifying the 20% earnings per share upside requires approximately $22 billion in incremental operating income, or $27.5 billion AI agent revenue assuming an 80% incremental margin, the investment firm said. At $20 per month, Meta would need 115 million paying subscribers for Muse, compared with 33 million to 88 million for ChatGPT, the firm added.Oppenheimer reiterated its perform rating on Meta Platforms.Price: $653.62, Change: $-0.07, Percent Change: -0.01%

$META

Wire13d ago

Market Chatter: Google, Fanuc Partner on AI-Backed Automated Welding System

Alphabet's (GOOG, GOOGL) Google and Japanese automation company Fanuc collaborated on an automated welding system backed by artificial intelligence and is slated for release in December, Nikkei Asia reported Thursday.The system uses AI-backed robots that leverage Google's Gemini Enterprise AI platform, allowing the robots to work from actual blueprints, according to the report. The system will be offered by subscription, Nikkei said, noting that pricing details are not yet announced.Google and Fanuc did not immediately respond to' requests for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $328.28, Change: $-0.10, Percent Change: -0.03%

$GOOG$GOOGL

Wire13d ago

Cytokinetics Has Advantage in Bristol-Myers Squibb Patent Dispute, RBC Says

Cytokinetics (CYTK) likely has the upper hand in its patent dispute with Bristol-Myers Squibb (BMY) related to a patent for methods of treatment with cardiac myosin inhibitors, or CMIs, RBC Capital Markets said in a note Thursday.The investment firm said it hosted a call with a legal expert on the declaratory judgment filing by Cytokinetics against a Bristol-Myers Squibb patent for methods of treatment with CMIs. The investment firm added that the preemptive declaratory judgment seeks to prevent potential infringement claims by Bristol-Myers Squibb.RBC said its legal expert believes Cytokinetics has the upper hand given the way aficamten's label is written, which could allow the company freedom to operate, although Bristol-Myers Squibb could seek to have the case dismissed for lack of standing.RBC said, however, that a resolution for the case may be "years away" and investors should focus on Cytokinetics' near-term dynamics.The investment firm said it remains bullish on the launch of Cytokinetics' aficamten, which may be on track to reach $135 million in 2026 sales, and it expects Cytokinetics' shares to start better reflecting the commercial opportunity as well as a future label expansion.RBC has an outperform rating on Cytokinetics and a $112 price target.Price: $74.62, Change: $+0.51, Percent Change: +0.69%

$BMY$CYTK

Wire13d ago

Aehr Poised for AI-Driven Inflection as Rising Chip Value Raises Cost of Late Failures, Oppenheimer Says

Aehr Test Systems (AEHR) is positioned for an artificial intelligence-driven inflection as rising chip power and package value increases the cost of late failures, Oppenheimer said in a Thursday note.The company's package-level burn-in platform Sonoma is ramping manufacturing with a leading hyperscaler through a record $41 million order, while its wafer-level burn-in platform FOX-XP recently entered high-volume manufacturing with a major AI processor, including a $22 million follow-on, according to the note.Oppenheimer said that in the near-term, it expects fiscal Q2 2027 revenue of $43.7 million, exceeding the $37 million consensus forecast, with H1 revenue slated to be $70.9 million versus the Wall Street estimate of $63 million, on account of Sonoma backlog."Longer term, FOX can step-function higher, as wafer volume and burn-in intensity rise, particularly if the second AI processor moves into [high-volume manufacturing]," Oppenheimer said.Oppenheimer initiated coverage on the company with an outperform rating and a $120 price target.Price: $99.08, Change: $+3.52, Percent Change: +3.68%

$AEHR

Wire13d ago

Alphabet's Google Enters Five-Year Carbon Credit Agreement With Mitti Labs

Alphabet's (GOOG, GOOGL) Google entered a five-year carbon credit agreement with Mitti Labs to help it ramp up climate-smart agriculture across 100,000 hectares of smallholder rice farms in India, the climate-technology startup said Thursday.By transitioning farmers to water and methane-savings irrigation practices, the deal will focus on eliminating three million tons of near-term warming impact while conserving water across the country, according to a statement.Under the agreement, Mitti Labs will deliver one million high-integrity credits to Google by 2030, according to the company.Price: $327.49, Change: $-0.89, Percent Change: -0.27%

$GOOG$GOOGL

Wire13d ago

Market Chatter: VinFast Auto in Talks With Suppliers to Develop Two EVs in India

VinFast Auto (VFS) has started discussions with suppliers to develop two new electric vehicle models in India, Reuters reported Thursday, citing people familiar with the matter.The models have internal codenames of VF X and VF Y, the report stated.The company aims to sell the VF X model as an entry-level product, priced below $12,000, Reuters reported.VinFast intends to develop a model that is smaller than its VF 6 crossover SUV but a little bigger than its VF 3 two-door SUV, the report added.VinFast did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$VFS

Wire13d ago

PACCAR Offers Strong Cyclical Tailwinds, RBC Says

PACCAR (PCAR) is a "quality" operator with strong cyclical tailwinds but the stock has underperformed the sector since late July despite positive earnings momentum, RBC Capital Markets said in a Thursday research report."This creates an attractive entry point for a stock highly geared to the nascent North American recovery," the report said.Following an analysis of market order data and its profit history, the note said this upcycle has a long way to run and consensus looks too low.RBC analysts raised their fiscal 2027 and 2028 EPS forecasts by 10% and 18%, respectively.They upgraded the stock to outperform from sector perform and increased their price target to $150 from $130.Price: $122.76, Change: $+0.88, Percent Change: +0.72%

$PCAR

Wire13d ago

Regeneron Pharmaceuticals More Likely to Retain Eylea HD Patent, RBC Says

Regeneron Pharmaceuticals' (REGN) patent on Eylea HD is more likely to be retained, with the Patent Trial and Appeal Board, or PTAB, due to issue a final decision on an ongoing patent dispute by March 2027, RBC Capital Markets said in a Thursday note.The patent, which covers Eylea HD's formulation and method of treatment, was issued in 2024 and is set to expire May 10, 2039, according to the note. Alvotech (ALVO) has challenged the patent, with the PTAB to hear arguments on Dec. 4 and issue a decision by March 3, 2027, the brokerage said."Our read and feedback suggests Regeneron is likely in a stronger position, particularly against Alvotech's prior art arguments," RBC said. The patent serves as the company's strongest defense for Eylea HD, blocking potential biosimilars, the investment firm noted.RBC has a sector perform rating on Regeneron Pharmaceuticals, with a $737 price target.Price: $795.00, Change: $-12.65, Percent Change: -1.57%

$ALVO$REGN

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