Today: 7 February 2026
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Amazon stock slides as $200 billion AI spending plan spooks investors

Amazon stock slides as $200 billion AI spending plan spooks investors

Amazon shares fell 6.3% to $208.58 Friday after the company announced $200 billion in 2026 capital spending, up over 50% from last year. The move raised investor concerns about delayed returns from AI investments. Several brokerages cut price targets, citing pressure on free cash flow. The S&P 500 software and services index has lost about $1 trillion in value since January 28.
6 February 2026
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Tower Semiconductor stock jumps again on Nvidia 1.6T optics tie-up as earnings loom

Tower Semiconductor stock jumps again on Nvidia 1.6T optics tie-up as earnings loom

Tower Semiconductor shares surged 8.9% to $140.53 Friday after the company disclosed new details on 1.6-terabit optical modules developed with Nvidia for AI data centers. The company withheld production and commercial timelines, leaving revenue impact unclear. Investors await further information in Tower’s Feb. 11 earnings report. Chip stocks broadly rallied, with the Philadelphia SE Semiconductor index up 4.6%.
6 February 2026
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McKesson stock falls today after 16% earnings surge as traders reassess guidance and spinoff clock (MCK)

McKesson stock falls today after 16% earnings surge as traders reassess guidance and spinoff clock (MCK)

McKesson shares fell 2.1% to $937.31 Friday, retreating after a 16.5% surge on an upgraded 2026 profit forecast and plans to spin off its medical-surgical division. Quarterly revenue rose 11% to $106.2 billion, with adjusted EPS up 16% to $9.34. The company filed an automatic shelf registration for future securities sales. TD Cowen raised its price target to $1,012, citing strong oncology and prescription-tech results.
6 February 2026
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Lumentum stock jumps nearly 8% as AI capex wave lifts optics names into the weekend

Lumentum stock jumps nearly 8% as AI capex wave lifts optics names into the weekend

Lumentum Holdings shares surged 8% to $544.68 Friday after reporting fiscal Q2 revenue of $665.5 million and a backlog topping $400 million for optical circuit switches. The company expects Q3 revenue between $780 million and $830 million. Traders cited strong AI-driven demand but flagged risks if cloud customers pause orders. Lumentum will brief investors at the OFC conference on March 17.
6 February 2026
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Citigroup stock jumps 6% as report signals endgame for long-running consent orders

Citigroup stock jumps 6% as report signals endgame for long-running consent orders

Citigroup shares jumped 6.2% to $122.88 Friday after reports the bank expects to finish key consent-order tasks by year-end. CEO Jane Fraser said the project is 80% complete, pending regulatory approval. Citi also announced plans to redeem $2.3 billion in Series X preferred stock and will match the U.S. government’s $1,000 “Trump Account” contribution for eligible employees’ families.
6 February 2026
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Intuit stock rises nearly 2% as ChatGPT apps go live — what INTU investors watch next

Intuit stock rises nearly 2% as ChatGPT apps go live — what INTU investors watch next

Intuit shares rose nearly 2% to $443.45 Friday afternoon after touching $447.92, rebounding with tech stocks following a steep AI-driven selloff. The company announced its apps are now available inside ChatGPT, stressing user data privacy. Investors await Intuit’s quarterly results and outlook on Feb. 26. The S&P 500 software and services index remains down about 13% for the week.
6 February 2026
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Stellantis stock price plunges as €22.2 billion EV reset charge jolts investors

Stellantis stock price plunges as €22.2 billion EV reset charge jolts investors

Stellantis shares plunged 24% in New York to $7.21 after a €22.2 billion writedown tied to scaling back electric-vehicle plans. The company will not pay a 2026 dividend and expects a €19–21 billion net loss in the second half of 2025. Stellantis agreed to sell its 49% stake in Canadian battery joint venture NextStar Energy to LG Energy Solution, pending approval.
6 February 2026
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ALGN stock jumps again as Align Technology rides Invisalign earnings beat and fresh analyst targets

ALGN stock jumps again as Align Technology rides Invisalign earnings beat and fresh analyst targets

Align Technology shares rose about 4% to $182.70 by midday Friday, following a strong earnings report and record clear-aligner shipments. The company posted Q4 revenue of $1.05 billion and non-GAAP earnings of $3.29 per share, with 676,900 cases shipped. Align forecast Q1 revenue between $1.01 billion and $1.03 billion. The stock jumped 11% in the previous session.
6 February 2026
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Seagate stock price jumps 5% as Citi lifts target; STX steadies after a choppy week

Seagate stock price jumps 5% as Citi lifts target; STX steadies after a choppy week

Seagate shares jumped nearly 5% to $425.61 midday Friday after Citigroup raised its price target to $480, maintaining a buy rating. The stock swung between $400.52 and $428.90 during the session, rebounding from a 3% drop Thursday. Other storage stocks, including Western Digital and Pure Storage, also rose. Trading volume in Seagate exceeded its 50-day average.
6 February 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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