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Artificial Intelligence News 16 January 2026

AI stocks today: Micron jumps as chip names hold up after TSMC’s big AI spend signal

AI stocks today: Micron jumps as chip names hold up after TSMC’s big AI spend signal

Micron surged 5.6% to $355.58 Friday afternoon, leading gains in AI chip stocks after TSMC raised its 2026 revenue forecast and capex plan. Nvidia and AMD posted smaller increases. President Trump imposed a 25% tariff on some advanced AI chips, with exemptions for U.S. data centers. Lawmakers criticized continued Nvidia shipments to China under new rules.
16 January 2026
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IBM stock rises as ‘Sovereign Core’ puts AI data controls back in focus

IBM stock rises as ‘Sovereign Core’ puts AI data controls back in focus

IBM shares rose 2.2% to $304.48 in midday trading Friday after the company introduced its “Sovereign Core” software targeting enterprise and government control over data and AI systems. The tech preview launches in February, with general availability set for mid-2026. IBM said more details will come at a Jan. 27 summit. The stock moved as broader indexes were mixed.
16 January 2026
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GE Vernova stock jumps 6% as Trump-backed PJM power auction plan targets AI data-center demand

GE Vernova stock jumps 6% as Trump-backed PJM power auction plan targets AI data-center demand

GE Vernova shares surged 6.1% to $681.57 after the White House and PJM state governors proposed a $15 billion emergency auction to boost power supply for AI data centers. Constellation Energy, Vistra, and Talen Energy stocks fell sharply as investors weighed the impact of accelerated generation on prices. PJM and regulators are set to provide updates before GE Vernova’s Jan. 28 earnings.
16 January 2026
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Navitas Semiconductor stock jumps with chip sector as AI data-center power trade stays in play

Navitas Semiconductor stock jumps with chip sector as AI data-center power trade stays in play

Navitas Semiconductor shares jumped 8.6% to $10.86 by midday Friday, with volume reaching 17.1 million after TSMC’s earnings and capex plans lifted chip stocks. The stock hit an intraday high of $11.05. Traders watched for signs that data-center power projects could translate into orders. U.S. markets will be closed Monday for a holiday.
16 January 2026
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NuScale Power stock jumps as Washington’s AI power plan puts new reactors back in play

NuScale Power stock jumps as Washington’s AI power plan puts new reactors back in play

NuScale Power shares climbed about 6% to $20.03 by midday Friday, leading U.S. power stocks after White House efforts to shift more grid costs to data center operators. PJM grid states prepared to sign a two-year price cap deal at the White House, sources said. Traders watched for possible PJM auction changes affecting nuclear project economics. Volume in NuScale topped 20 million shares by early afternoon.
16 January 2026
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IREN stock jumps 11% as Microsoft AI cloud deal stays front and center

IREN stock jumps 11% as Microsoft AI cloud deal stays front and center

IREN Limited shares jumped 10.6% to $57.40 by midday Friday after the company disclosed a $9.7 billion GPU infrastructure contract with Microsoft. The deal, outlined in an SEC filing, involves phased deployments at IREN’s Texas data centers through 2031. Analyst Mike Colonnese raised his price target to $80, citing the Microsoft contract’s impact. IREN’s next earnings report is due Feb. 11.
16 January 2026
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Adobe stock drops again as AI pricing worries grow — here’s what traders watch next

Adobe stock drops again as AI pricing worries grow — here’s what traders watch next

Adobe shares fell about 2% to $298 in midday trading Friday, trailing a stronger market as investors questioned the pace of AI-driven growth. Oppenheimer downgraded the stock, citing risks to Adobe’s seat-based pricing model. Apple’s launch of a cheaper Creator Studio bundle added competitive pressure. Adobe’s next earnings call is set for March 12.
16 January 2026
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Salesforce stock slips again as AI “Cowork” jitters hit software names — what to watch next

Salesforce stock slips again as AI “Cowork” jitters hit software names — what to watch next

Salesforce shares fell 2% Friday to $228.57, underperforming the tech sector as investors worried that new AI agents could pressure subscription pricing. The decline weighed on the Dow, with Salesforce and UnitedHealth dragging the index lower. Analysts cited Anthropic’s product launches as a trigger for the sector’s selloff. Salesforce CEO Marc Benioff said AI tools have kept engineering headcount flat while boosting productivity.
16 January 2026
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Alphabet GOOG stock drops as AI copyright fight flares — what Wall Street watches next

Alphabet GOOG stock drops as AI copyright fight flares — what Wall Street watches next

Alphabet’s non-voting Class C shares fell about 1% to $330.00 in early Friday trading, underperforming the Nasdaq 100. The drop followed news that major book publishers joined a copyright lawsuit over Google’s AI training data and fresh concerns about limits to data-center expansion. A YouTube-BBC content deal could be announced next week. Alphabet’s earnings call is scheduled for February 4.
16 January 2026
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Stock Market Today

IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

7 February 2026
WASHINGTON, Feb 7, 2026, 06:23 (EST) A Treasury watchdog warned the U.S. Internal Revenue Service has entered the 2026 tax filing season short-staffed, raising the risk of delays for some refunds and longer waits for help. https://www.axios.com/2026/02/05/tax-refund-status-irs-delays-staffing The timing matters because the IRS is now accepting 2025 income-tax returns and expects about 164 million individual filings ahead of the April 15 deadline. Refunds are a big piece of household cash flow for many filers, and the IRS is also pushing taxpayers more firmly toward electronic payments this year. https://www.irs.gov/newsroom/irs-opens-2026-filing-season In a memo dated Jan. 26, the Treasury Inspector General for
Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

7 February 2026
Plug Power shares rose 11.6% Friday to $2.08 after a sharp drop the previous day, as attention shifted to a Feb. 17 shareholder vote on expanding authorized shares. The company failed to secure enough votes earlier this week and is urging overseas holders to participate. CEO Andy Marsh cited difficulties for European investors in casting ballots. A reverse stock split remains possible if the proposal fails.
AT&T stock price: T slips after $6.5B bond sale as payrolls, CPI loom next week

AT&T stock price: T slips after $6.5B bond sale as payrolls, CPI loom next week

7 February 2026
AT&T shares closed down 0.7% at $27.13 on Friday, underperforming the S&P 500’s 1.97% gain. The company completed a $6.5 billion global notes sale this week, with maturities from 2031 to 2056 and coupons between 4.4% and 6%. Investors await delayed U.S. jobs and inflation data, along with T-Mobile’s upcoming earnings update.
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