Amazon confirms 16,000 layoffs after ‘Project Dawn’ email slip as AI drive deepens
Amazon said on Wednesday it will cut about 16,000 corporate jobs, extending a restructuring that has already thinned its office ranks since October.
Meta’s $135B AI Spending Forecast Overshadows a Strong Q4 Beat at Facebook Parent
Meta forecast annual capital spending of $115 billion to $135 billion in 2026 on Wednesday, stepping up its push into artificial intelligence and putting a fresh spotlight on costs even after it beat Wall Street expectations for the holiday quarter. Shares were slightly lower in extended trading. https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx
Microsoft beats Azure in Q2, but MSFT stock drops after earnings as AI spending stays in focus
Microsoft just edged past expectations for Azure cloud growth in its fiscal second quarter, but the stock dropped over 7% in after-hours trading following the report. Azure revenue rose 39% in the October-December quarter, beating the Visible Alpha consensus of 38.8%, while total revenue increased 17% to $81.3 billion.
IBM earnings beat on AI-driven software demand — but Red Hat slowdown is the catch
IBM topped Wall Street forecasts for fourth-quarter revenue and profit on Wednesday, driven by increased demand for software that supports building and operating artificial intelligence systems.
Fed holds rates, S&P 500 flirts with 7,000 as AI bets and dollar swings collide
The Federal Reserve held interest rates steady on Wednesday and said inflation remained “somewhat elevated,” keeping investors guessing on when — or if — the next rate cut comes this spring.
UK FCA launches sweeping AI review for retail finance, sets Feb 24 deadline
Britain’s Financial Conduct Authority has kicked off the “Mills Review,” with executive director Sheldon Mills at the helm, to examine how advanced AI might transform retail financial services and impact consumers. The FCA set a deadline for responses on Feb. 24 and plans to present recommendations to its board by summer 2026. This initiative builds on earlier efforts like AI Live Testing and the Nvidia-supported “Supercharged Sandbox.”
Nvidia stock price rises on China H200 nod as AI chip shares keep Wall Street near 7,000
Nvidia shares climbed Wednesday following China's approval of purchases for the company’s H200 AI chips, fueling a surge in AI-related stocks that has kept the S&P 500 near the 7,000 level.
Texas Instruments stock jumps nearly 10% as AI data-center demand lifts chipmakers
Texas Instruments shares climbed roughly 9.8% to $215.89, building on a rally fueled by its recent quarterly forecast. Seagate Technology surged nearly 20%, while Intel added close to 11%, pushing chip stocks ahead.
Western Digital stock jumps 11% as Seagate’s AI-driven outlook ripples through storage names
Shares of Western Digital surged 11.3% to $281.31 on Wednesday, briefly hitting $281.61, as investors flocked to data-storage stocks following Seagate’s strong forecast linked to AI-driven demand. Seagate projected third-quarter revenue around $2.90 billion, plus or minus $100 million, with adjusted EPS of $3.40, plus or minus 20 cents. This comes after Seagate reported second-quarter revenue of $2.83 billion and adjusted EPS of $3.11.
Western Digital stock jumps 11% as storage shares rally on AI demand signals
Shares of Western Digital Corp jumped 11.2% to $280.94 in afternoon trading, extending a two-day rally and reaching a new intraday high of $281.61. Seagate Technology soared 19.7%, while Sandisk and Micron Technology gained 8.8% and 5.6%, respectively.
Mastercard stock price slips today as MA heads into earnings after Agent Suite AI rollout
Shares of Mastercard Inc slipped slightly on Wednesday, losing roughly 0.1% to hit $519.71. Earlier in the session, the stock fluctuated between $518.24 and $523.11.
Cloudflare stock drops as “Moltbot” AI-bot mania cools — what NET traders watch next
Cloudflare shares dropped 6.5% Wednesday, reversing a two-day rally fueled by AI buzz. The internet security company lost $13.39 to trade at $192.56 in midday New York trading, after hitting an intraday high of $212.36.
Seagate stock jumps 21% after forecast beat as AI storage demand tightens
Seagate Technology Holdings plc shares surged roughly 21%, hitting $448.79 in late morning trading Wednesday. The data-storage giant outperformed quarterly forecasts and projected revenue and profit for the current quarter that topped Wall Street’s predictions.
BigBear.ai stock pops early on AD Ports partnership — and a share-vote deadline is looming
Shares of BigBear.ai Holdings, Inc climbed in early trading Wednesday following news that AD Ports Group inked a partnership deal between its digital division, Maqta Technologies, and BigBear.ai’s U.A.E. operation. The stock gained 0.6% to $6.20, having spiked to $6.545 earlier, on volume near 25.9 million shares.
Meta stock price barely moves near $673 as earnings and AI spend take center stage
Meta Platforms shares were down 0.03% at $672.75 in morning trade on Wednesday, as investors held back ahead of the company’s quarterly results after the market closes.
Microsoft stock edges up as earnings near, with Azure growth and AI costs under the microscope
Microsoft Corp shares ticked up roughly 0.4% to $482.31 in early Wednesday trading, following a $480.58 close the previous day. The stock remains down about 0.6% year to date.
Apple stock price barely moves as earnings near; iPhone demand and AI push in focus
Apple shares edged up roughly 0.04% to $258.37 in early New York trading Wednesday, after hitting a session high of $258.95.
Micron stock jumps again as $24 billion Singapore fab plan fans AI memory shortage trade
Micron Technology, Inc. shares climbed another 3% in early trading Wednesday, following a 5.4% gain Tuesday that pushed the stock to $410.24.
Lantronix stock jumps 26% in premarket as drone-defense AI tie-up grabs attention ahead of earnings
Lantronix Inc shares surged roughly 26% in premarket trading Wednesday, building on gains driven by news of a new defense-focused partnership. The stock was last seen at $8.68, up from Tuesday’s close of $6.89.
Pinterest stock steadies premarket after AI-driven layoffs plan rattles investors
Pinterest shares held steady in early trading Wednesday, following a 9.6% drop on Tuesday that closed the stock at $23.41. Before the market opened, the shares were last seen trading near $23.41.
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