Today: 7 February 2026
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Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

Seagate stock slides nearly 9% as AI-storage rally cools; traders refocus on Friday data

Seagate stock slides nearly 9% as AI-storage rally cools; traders refocus on Friday data

New York, Jan 8, 2026, 14:34 EST — Regular session Seagate Technology Holdings fell 9.3% to $279.72 in afternoon trade, after swinging between $310.50 and $278.26. Western Digital dropped 8.0% and Sandisk fell 7.0% as the broader storage rally lost steam. The pullback follows a burst of buying earlier this week after comments from Nvidia CEO Jensen Huang at the CES show in Las Vegas pushed traders toward memory and storage names. Investopedia reported Huang told analysts AI-specific storage and memory are “a completely unserved market today,” and noted Seagate and Western Digital jumped on Tuesday before giving back part
8 January 2026
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Hycroft Mining stock drops nearly 13% as HYMC gives back a chunk of its latest run

Hycroft Mining stock drops nearly 13% as HYMC gives back a chunk of its latest run

New York, Jan 8, 2026, 14:30 EST — Regular session Hycroft Mining Holding Corporation shares slid $3.83, or 12.9%, to $25.91 in afternoon trading on Thursday. The stock earlier touched $29.70, before hitting a session low of $25.91. The move matters because Hycroft has become a high-beta trade, where financing headlines and project timelines can whip the stock around fast. In a December 15 filing, the company said it had released initial drill results from its 2025–2026 exploration program, keeping attention on what comes next. SEC Hycroft is not currently mining. It discontinued mining operations in November 2021 and has
8 January 2026
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Ciena stock tumbles 14% as AI-networking names retreat — what investors watch next

Ciena stock tumbles 14% as AI-networking names retreat — what investors watch next

New York, Jan 8, 2026, 13:42 EST — Regular session Ciena Corp (CIEN) shares were down about 14% at $222.73 on Thursday, after ending Wednesday at $259.27 and touching $260 earlier in the session. Roughly 2.8 million shares had changed hands by early afternoon. Optical peer Lumentum Holdings fell about 11% and Coherent slid roughly 9%, while Arista Networks was down about 5%. The networking-equipment maker has become a proxy for rising data traffic in cloud and AI data centers, and that can make the stock whip around when the wider market mood shifts. The group has been running hot,
8 January 2026
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Lumentum (LITE) stock plunges 11% as AI-optics names slide despite Needham’s $470 target

Lumentum (LITE) stock plunges 11% as AI-optics names slide despite Needham’s $470 target

New York, Jan 8, 2026, 13:58 EST — Regular session Lumentum Holdings Inc (LITE.O) shares slid 10.9% to $350.22 on Thursday, after topping $399.88 earlier in the session and then sinking as low as $343.41. More than 11 million shares had changed hands by early afternoon. The move mattered because it snapped a sharp run that has turned the stock into a high-beta proxy for data-center buildouts. Lumentum jumped 11.3% on Tuesday to close at $397.42, a reminder of how fast money has been moving through the AI-linked optics trade. Investors The selloff was not just about one name. The
8 January 2026
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Silicon Motion (SIMO) stock slides about 10% as chip trade cools — what’s next

Silicon Motion (SIMO) stock slides about 10% as chip trade cools — what’s next

New York, Jan 8, 2026, 14:17 EST — Regular session Silicon Motion Technology Corp shares fell about 10% on Thursday, giving back a chunk of a sharp two-day run in the Nasdaq-listed storage chip name. The stock was down 9.9% at $109.10 in afternoon trading, after touching $123 earlier in the session. The drop came as tech shares slipped more broadly, with traders looking ahead to Friday’s U.S. payrolls report after jobless claims rose modestly. Storage names also weakened; SanDisk fell about 10% while Western Digital and Seagate lost about 9% each. “Investors might be repositioning their holdings, so tech
8 January 2026
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Abivax stock slides 9% after Sofinnova flags $134m sale plan, with 2026 trial clock ticking

Abivax stock slides 9% after Sofinnova flags $134m sale plan, with 2026 trial clock ticking

PARIS, Jan 8, 2026, 20:02 (CET) — Market closed Shares in French biotech Abivax SA (ABVX.PA) closed down 9.49% at 99.20 euros on Thursday, after swinging between 112.40 euros at the open and a low of 94.20 euros. The stock slipped back under the 100-euro mark, with volume at about 246,000 shares, after a 6% rise the day before. MarketScreener The selling pressure comes as investors look ahead to key readouts for obefazimod, Abivax’s lead drug candidate for ulcerative colitis, a chronic inflammatory bowel disease. Abivax has told investors topline results from its Phase 3 maintenance study are expected in
8 January 2026
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Teleflex (TFX) stock dives on CEO exit and revenue forecast cut — what investors watch next

Teleflex (TFX) stock dives on CEO exit and revenue forecast cut — what investors watch next

New York, January 8, 2026, 14:02 EST — Regular session Teleflex Incorporated shares slid 11.7% to $111.76 by mid-afternoon on Thursday after the medical device maker disclosed a CEO exit and trimmed its revenue forecast. The company said it was “the right time to transition leadership” as it pushes through a portfolio shift. Teleflex Investors The drop matters because Teleflex is in the middle of a reset it has sold to investors as a cleanup job: slim down the company and lean harder into critical-care products. In December, Teleflex agreed to sell three businesses for $2.03 billion to sharpen its
8 January 2026
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Why Applied Optoelectronics (AAOI) stock is down today as tech pulls back

Why Applied Optoelectronics (AAOI) stock is down today as tech pulls back

New York, January 8, 2026, 13:44 (ET) — Regular session Applied Optoelectronics (AAOI.O) slid 14.9% to $32.40 in afternoon trading on Thursday after opening at $37.91, with about 6.2 million shares changing hands. The stock hit an intraday low of $31.70. The drop landed as investors trimmed exposure to big tech, leaving the Nasdaq down about 0.5% around midday even as the Dow rose. “Investors might be repositioning their holdings,” Joe Saluzzi, partner and co-founder at Themis Trading, said, adding it was too soon to call it a lasting rotation away from tech. Other optics and data-center networking names were
8 January 2026
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Regencell Bioscience (RGC) stock slides about 18% after five volatility halts on Nasdaq

Regencell Bioscience (RGC) stock slides about 18% after five volatility halts on Nasdaq

NEW YORK, January 8, 2026, 13:45 EST — Regular session Regencell Bioscience Holdings Limited shares were down 18.5% at $43.10 on Thursday, a sharp reversal after an early spike that pushed the Nasdaq-listed stock as high as $69.97. The shares opened at $62.00 and later fell to $36.01. The whipsaw matters because it comes on top of a two-day surge that has left little room for error. RGC jumped 60.1% on Wednesday and gained 22.2% on Tuesday, and it was still up about 30% from Tuesday’s close even after Thursday’s slide. The broader Nasdaq index was down about 0.6% on
8 January 2026
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Why Westlake stock is jumping today after its ACI deal filing

Why Westlake stock is jumping today after its ACI deal filing

NEW YORK, Jan 8, 2026, 13:30 EST — Regular session Westlake Corp (WLK) shares jumped 7.4% in early afternoon trading on Thursday, extending a sharp intraday rebound after the chemical maker disclosed it had completed an acquisition in its compounds business. The stock was up $5.51 at $79.98, after ending Wednesday at $74.47. The purchase matters now because Westlake is leaning harder into specialty compounds — plastics tailored for specific uses — as investors look for steadier earnings in a sector that can swing with construction demand and commodity chemical pricing. Compounding is the work of blending a base polymer
8 January 2026
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Floor & Decor stock jumps 7% today — here’s what traders are watching next

Floor & Decor stock jumps 7% today — here’s what traders are watching next

New York, January 8, 2026, 13:39 EST — Regular session Floor & Decor Holdings, Inc. (FND) shares climbed 7.1% to $69.32 in afternoon trade on Thursday, after touching an intraday high of $69.94 and trading more than 1.3 million shares. The move matters because Floor & Decor sits in the middle of the housing cycle: it sells hard-surface flooring and related materials, and demand tends to follow home sales and big renovation jobs. With rates wobbling near recent lows, traders are again testing the idea that 2026 could bring a steadier flow of projects. Mortgage rates stayed close to their
8 January 2026
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IREN stock jumps nearly 8% as AI data-center trade returns; earnings are the next test

IREN stock jumps nearly 8% as AI data-center trade returns; earnings are the next test

NEW YORK, January 8, 2026, 13:26 EST — Regular session Shares of IREN Ltd (IREN.O) rose $3.37, or 7.7%, to $46.99 in afternoon trading on Thursday. The Nasdaq-listed stock swung between $42.69 and $47.57. The move tracked fresh buying in power-hungry data-center names tied to artificial intelligence workloads. Applied Digital jumped more than 9% after it reported results and said it was in “advanced talks” with an investment-grade hyperscaler — industry shorthand for the biggest cloud firms. Barron’s CES in Las Vegas has kept the focus on how fast demand for AI hardware is spreading through the supply chain. Nvidia
8 January 2026
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Stock Market Today

Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

7 February 2026
Rio Tinto’s U.S. shares closed up 2.5% at $93.37 Friday after the company ruled out a merger with Glencore, triggering a six-month “no-bid” lockout under UK takeover rules. Both companies cited disagreements over valuation. Attention now turns to Rio’s Feb. 19 results and iron ore prices, which fell below $100 a tonne amid weak Chinese demand.
iFAST share price drops 3% as markets shut; earnings next week in focus

iFAST share price drops 3% as markets shut; earnings next week in focus

7 February 2026
iFAST shares fell 3.2% to S$9.64 in heavy trading Friday, closing near the day’s low as investors awaited FY2025 results due Feb. 12. The stock is about 13% below its 52-week high. iFAST recently agreed to buy a 30% stake in Financial Alliance for S$19.6 million, pending regulatory approval. Assets under administration stood at S$30.62 billion as of Sept. 30.
Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

7 February 2026
Sembcorp shares closed at S$6.05 on Friday, down 0.33%, as Singapore’s STI dropped 0.8%. Shareholders approved the A$6.5 billion Alinta Energy takeover on Jan 30, but the deal still faces regulatory and closing conditions. Sembcorp will release FY2025 results on Feb 25 before market open. Trading volume reached about 4.3 million shares.
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