Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Wednesday, December 3rd, and I'm your host, Kim Kahn. Our top story so far.

The Trump administration is intensifying its focus on robotics as part of its broader initiative to accelerate the

development of artificial intelligence. Politico says that Commerce Secretary Howard Letnik is actively

engaging with leaders of the robotics industry, Andy is considering an executive order to advance

the sector's growth. This push aligns with efforts to compete with China, which leads the world

in industrial robotics deployment, with 1.8 million robots, four times the U.S. total.

Apptronic CEO Jeff Cardenas says,

It's important that we lean in, think about a national robotics strategy, and support this burgeoning industry in the U.S. so that we can remain competitive.

Also on the future front, get ready for the echoes of air

cabs on the beach. Archer Aviation unveiled plans for an air taxi network serving the Miami metro

area with flights connecting Miami, West Palm Beach, Boca Raton, and Fort Lauderdale. The network

will also run connecting air taxi flights between the region's three major international airports,

along with

strategic general aviation airports in the area. Among active stocks, Octa is choppy as investors

weighed Q3 numbers that beat estimates against the absence of fiscal 2027 guidance. Analyst Joseph

Gallo said while a revenue forecast was lacking, management endorsed its historical framework,

which would take it to 9% plus annual growth. Pure storage is plunging despite beating on revenue,

while Saga analyst Aaron Raker has reiterated his overweight rating, saying the stock is reacting

to missed upside expectations and no incremental hyperscale announcements, but the company's

hyperscale opportunity is progressing.

And microchip technology is rallying after the company's revised revenue and EPS outlook

...