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FICO surges 10% on AI restructuring, bank earnings loom

2026-10-13 · 2 min read

S&P 500 and Dow Jones futures are each edging up roughly 0.1%, while Nasdaq 100 futures are trading flat. FICO leads pre-market gainers, up 10.85% after announcing an AI-driven workforce reduction.

Top News

FICO  Fair Isaac Corporation
FICO surged 10.85% after reaffirming its FICO Scores on all broker credit pulls and announcing a 15% workforce reduction tied to an AI-driven restructuring (per Tickeron).
SMTC  Semtech Corporation
Semtech shares fell 10.15% after Northland Securities cut its rating to Market Perform, citing less attractive risk-reward post-rally and insider selling (per Northland Securities).
CIEN  Ciena Corp
Ciena Corp dropped 9.95% due to profit-taking after a recent rally and cautious commentary on AI spending in the optical and networking sector (per GuruFocus).
FRO  Frontline Ltd
Frontline Ltd gained 5.51% after BTIG raised its price target from $55 to $70 and reiterated a Buy rating, citing tight oil supply and firm tanker day rates (per BTIG).

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Trending on X

META  Meta Platforms Inc.
Meta Platforms rallied 3.38% after unveiling its latest AI model, Muse Wonder, which CEO Mark Zuckerberg claims puts Meta at the AI 'frontier' (per The Motley Fool).
MU  Micron Technology Inc
Micron Technology Inc fell 3.88% likely influenced by broader market trends or general sector sentiment.
ONDS  Ondas Holdings Inc.
Ondas Holdings Inc. moved -0.89% after the company and Palantir Technologies unveiled Regna AI, a new private company focused on developing AI models for defense and security (per 24/7 Wall St.).
MSFT  Microsoft Corporation
Microsoft Corporation rose 1.14% after unveiling its Azure Maia 300 chip, signaling a decisive push toward AI infrastructure self-sufficiency (per Investing.com).
IREN  IREN Ltd
IREN Ltd moved -1.11% after a report revealed Anthropic has quietly signed a multi-year AI cloud services deal with the company (per The Information).

AI Economy

META  Meta Platforms
Meta Platforms launched its Muse Wonder and Muse Wonder Full AI models, which CEO Mark Zuckerberg claims puts the company at the 'AI frontier' (per The Motley Fool).
MSFT  Microsoft
Microsoft unveiled its Azure Maia 300 chip at the OCP Global Summit, signaling a significant push toward AI infrastructure self-sufficiency (per Investing.com).
IREN  Anthropic / IREN
A report from The Information revealed that Anthropic has quietly signed a multi-year AI cloud services deal with IREN Ltd (per The Information).
ONDS  Ondas / Palantir
Ondas Networks announced a strategic partnership with Palantir Technologies to form Regna AI, focused on deploying AI models within secure environments (per 24/7 Wall St.).

Smart Money

MU  Micron Technology Inc
Micron Technology Inc is seeing analyst buys, likely influenced by broader market trends or general sector sentiment.

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AI Pick

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On Deck

JPM  JPMorgan Chase & Co earnings
Pre-market, $5.93 EPS est.
JNJ  Johnson & Johnson earnings
Pre-market, $2.52 EPS est.
UNH  UnitedHealth Group Incorporated earnings
Pre-market, $4.14 EPS est.
GS  Goldman Sachs Group Inc earnings
Pre-market, $12.86 EPS est.