Top Companies' AI Moves

Today's Stories

1. 1

   Sandisk Jumps 6.6% as Rosenblatt Sets $2,400 Target

   Rosenblatt initiated coverage of Sandisk with a Buy rating and a $2,400 price target. The stock surged roughly 6.6% to $1,884.05. The initiation put the stock within striking distance of a fresh target. It also shows the market has already priced in a large part of that bullish call.

   The remaining upside hinges on strong NAND pricing, disciplined industry supply and a richer enterprise mix. Watch whether execution, not scarcity headlines, closes the gap to $2,400.

2. 2

   Meta AI agent wins over NYT columnist

   A New York Times columnist gave control of everyday tasks to Meta's AI agent and came away impressed. Meta has a viable consumer AI assistant despite past mixed reception, showing its AI push can deliver real utility.

   Whether Meta can sustain this quality as it scales to hundreds of millions of users, and how rivals respond.

3. 3

   Visa says only 11% of small merchants are AI-agent ready

   Visa's Sara Craven told PYMNTS that just 11% of small- to medium-sized businesses qualify as agent-ready, versus 19% of large merchants. Craven said small businesses can pivot and learn faster, so the readiness gap is not fixed — a hedge, not a guarantee they close it.

   The opportunity hinges on whether merchants make product descriptions, inventory, sizes, prices and payment options readable to AI before the shopper reaches checkout.

4. 4

   Wells Fargo, bank stocks fall as Meta's Muse fuels AI fears

   Wells Fargo and other bank stocks fell as Meta's Muse added fuel to AI fears, Barron's reported. The reaction suggests investors are reading Meta's Muse as a broader AI signal that spills over into bank shares.

   Whether the pullback in bank stocks tied to Meta's Muse continues or reverses.

5. 5

   SanDisk pins forecast on New Business Models contracts

   SanDisk now sells much of its output through multiyear New Business Models contracts with eight Datacenter and Edge customers, running over four years on a weighted average. Management expects these contracts to cover more than half of SanDisk's bits in fiscal 2027 and about two-thirds in fiscal 2028, fixing much of the volume behind its forecast, though pricing is only partly fixed.

   The test is whether floor-price margins carry the forecast if flash prices slide toward contract floors; 11 analyst estimates for fiscal 2028 range from $179.38 to $331.57 a share.

6. 6

   Applied Materials at 38.1x vs sector 47.0x

   Applied Materials trades near US$444.57 at about 38.1x earnings, below the semiconductor sector average of roughly 47.0x and the peer group at about 41.8x, per the report. That discount suggests the market is not fully pricing management's commentary on orders and long-term tool commitments into the P/E, even after a 233.2% three-year return, according to the article.

   Whether current earnings can carry that kind of share price performance — the test is whether those commitments show up in revenue and profit potential over time.