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AI Technology News 3 February 2026 - 5 February 2026

Bitcoin breaks below $71,000 as AI tech rout drags down crypto markets

Bitcoin breaks below $71,000 as AI tech rout drags down crypto markets

Bitcoin fell below $71,000 Thursday, hitting $70,129—its lowest since November 2024—as tech stocks slumped and nearly $770 million in crypto positions were liquidated in 24 hours. The broader crypto market lost almost $500 billion in a week, with bitcoin down 20% over that period. Thin liquidity and leveraged bets worsened the drop. Traders watched Alphabet’s capital spending and chipmaker AMD’s 17% plunge.
5 February 2026
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Xero share price steadies after 16% rout as investors weigh AI pitch and Melio timeline

Xero share price steadies after 16% rout as investors weigh AI pitch and Melio timeline

Xero shares closed up 1.6% at A$82.09 Thursday, recovering some ground after a 15.9% plunge Wednesday. The rebound followed Xero’s announcement of its AI roadmap and U.S. payments push with Melio. Investors are watching if gains hold ahead of Xero’s May 14 earnings. Australia’s tech sector saw sharp declines this week amid concerns over AI’s impact on software firms.
5 February 2026
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Teradyne stock drops nearly 5% after AI-fueled rally cools, Northland flags valuation

Teradyne stock drops nearly 5% after AI-fueled rally cools, Northland flags valuation

Teradyne shares fell 4.9% to $269.07 at Wednesday’s close, retreating after a sharp post-earnings rally. The company reported a 44% jump in Q4 revenue to $1.083 billion, driven by AI demand, and issued guidance above Wall Street estimates. Northland downgraded the stock on valuation concerns. The drop came as chip stocks slid broadly, with AMD plunging 17% and Nvidia also down.
5 February 2026
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Nvidia stock falls late Wednesday as AI jitters hit chips; OpenAI talks, Feb. 25 earnings in focus

Nvidia stock falls late Wednesday as AI jitters hit chips; OpenAI talks, Feb. 25 earnings in focus

Nvidia shares fell 2.7% to $175.52 Wednesday, trailing a 5.4% drop in the Philadelphia SE Semiconductor Index after AMD’s weak outlook triggered a sector selloff. Traders cited renewed AI-driven selling pressure. Nvidia’s rumored $20 billion OpenAI investment and its Feb. 25 earnings are in focus. CEO Jensen Huang dismissed fears that AI advances could disrupt the broader tech stack.
4 February 2026
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S&P Global (SPGI) stock price drops again: Mobility Global spin-off plan and AI fears in focus

S&P Global (SPGI) stock price drops again: Mobility Global spin-off plan and AI fears in focus

S&P Global shares fell 2.7% to $455.41 by midday Wednesday, extending a 10% drop from the previous session after the company detailed its Mobility unit spin-off and rebrand. Investors cited concerns over AI competition and sector-wide selling following Anthropic’s new plug-ins. S&P Global reports earnings Feb. 10. MSCI and Moody’s also declined.
4 February 2026
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Teradyne stock slides after AI-driven outlook rally — what traders watch next

Teradyne stock slides after AI-driven outlook rally — what traders watch next

Teradyne shares fell about 4% to $271.69 by midday Wednesday, pulling back after a surge on strong quarterly results and an upbeat Q1 forecast. The company reported Q4 revenue of $1.083 billion and projected Q1 revenue between $1.15 billion and $1.25 billion. CEO Greg Smith cited AI-driven demand as a key growth factor. Teradyne will present at SEMICON Korea on Feb. 11 and the Chiplet Summit on Feb. 17.
4 February 2026
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Dow Jones today: Dow edges higher as Lilly, Super Micro cushion Wall Street after AI software rout

Dow Jones today: Dow edges higher as Lilly, Super Micro cushion Wall Street after AI software rout

The Dow rose 0.4% at Wednesday’s open, led by gains in Eli Lilly and Super Micro Computer after strong earnings. The Nasdaq slipped 0.27% as investors remained wary of software stocks amid AI disruption fears. ADP reported U.S. private payrolls rose by just 22,000 in January, missing forecasts. President Trump signed a bill ending the partial government shutdown, but funding for Homeland Security runs out February 13.
4 February 2026
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Nvidia stock steadies before the open as OpenAI chip doubts keep NVDA traders jumpy

Nvidia stock steadies before the open as OpenAI chip doubts keep NVDA traders jumpy

Nvidia shares rose 0.4% to $181.05 in U.S. premarket trading Wednesday, rebounding after a 2.8% drop. The move follows a broader tech selloff and comes as Nvidia nears a $20 billion investment in OpenAI’s funding round, according to a source. CEO Jensen Huang downplayed fears that AI will replace software tools. AMD fell nearly 7% after a weak sales forecast, while Intel confirmed a push into data center GPUs.
4 February 2026
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Lumentum stock jumps after earnings beat, AI optics demand lifts outlook

Lumentum stock jumps after earnings beat, AI optics demand lifts outlook

Lumentum Holdings shares jumped 3% after hours Tuesday, closing at $435.10, after adjusted earnings of $1.67 per share and $665.5 million revenue beat estimates. The company forecast March-quarter revenue up to $830 million and reported an optical-switch backlog over $400 million. Shares swung sharply after the report, following a volatile session for tech stocks.
4 February 2026
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AMD stock slides after earnings beat: AI-chip demand is strong, but Wall Street wants more detail

AMD stock slides after earnings beat: AI-chip demand is strong, but Wall Street wants more detail

AMD shares fell about 5% in after-hours trading Tuesday, despite first-quarter revenue guidance of $9.8 billion topping estimates. The stock closed regular trading at $242.21, down 1.65%, then slid to $229.94. Investors are focused on AI chip supply, China exposure, and memory constraints ahead of the company’s conference call.
3 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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