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Artificial Intelligence News 12 January 2026

Credo Technology (CRDO) stock climbs as AI-chip trade stays hot; Needham conference next

Credo Technology (CRDO) stock climbs as AI-chip trade stays hot; Needham conference next

NEW YORK, Jan 12, 2026, 15:19 EST — Regular session Shares of Credo Technology Group Holding Ltd climbed 3.1% to $155.10 in Monday afternoon trading, bouncing between $145.35 and $156.43 earlier. The Nasdaq-listed company, with a market cap near $32.5 billion, trades at a triple-digit trailing price-to-earnings ratio as AI-driven semiconductor enthusiasm pushes valuations higher. Credo’s recent rally is significant given its role in data center infrastructure, where it sells high-speed connectivity equipment built to handle growing data loads while cutting power use. That niche is often viewed by investors as a gauge for how long major cloud and AI
12 January 2026
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Thermo Fisher (TMO) stock slips after COO exit disclosed; AI lab deals put focus on JPM talk

Thermo Fisher (TMO) stock slips after COO exit disclosed; AI lab deals put focus on JPM talk

New York, Jan 12, 2026, 13:50 EST — Regular session Shares of Thermo Fisher Scientific dropped Monday following a regulatory filing revealing that its chief operating officer plans to exit later this quarter amid a reshuffle of the company’s senior leadership. The stock slipped 1.8% to $607.56, cooling off from an earlier high of $624.14. The management shake-up hits amid a hectic period for healthcare stocks, as investors seek clarity on biopharma budgets and lab equipment demand. Thermo Fisher, a key player in life-sciences tools, is pushing further into data and automation, areas that have been drawing steady interest throughout
12 January 2026
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Nvidia stock gains on Eli Lilly $1 billion AI lab plan as traders eye TSMC, earnings

Nvidia stock gains on Eli Lilly $1 billion AI lab plan as traders eye TSMC, earnings

New York, January 12, 2026, 12:53 EST — Regular session underway. Nvidia shares climbed roughly 0.8% Monday following news the chipmaker and Eli Lilly plan to pour up to $1 billion into an AI lab designed to accelerate drug discovery over the next five years. Nvidia closed at $186.37, while Lilly edged up about 0.2% to $1,066.14. (Reuters) Wall Street is leaning back into the AI trade that powered last year’s rally, even as investors prepare for Tuesday’s U.S. inflation report and the kick-off of major bank earnings. The S&P 500 hovered near record levels with little movement, while the
12 January 2026
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Apple Picks Google Gemini for Siri — and Alphabet Stock Flirts With $4 Trillion

Apple Picks Google Gemini for Siri — and Alphabet Stock Flirts With $4 Trillion

NEW YORK, January 12, 2026, 12:05 EST Alphabet shares edged higher Monday after the Google parent announced Apple will integrate its Gemini AI models into a revamped Siri under a multi-year agreement. In midday New York trading, Alphabet’s Class A shares climbed about 0.4% to $329.74. https://www.reuters.com/business/google-apple-enter-into-multi-year-ai-deal-gemini-models-2026-01-12/ The deal embeds Google’s AI more firmly into consumer gadgets just as investors demand evidence that hefty AI investments are driving real-world adoption, beyond flashy demos. It also expands Alphabet’s opportunity to market tools and cloud computing to developers leveraging those models. Apple’s installed base is the prize, and Google takes the spot
12 January 2026
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Lumentum stock drops 5% in late morning trade as AI optics bets cool ahead of earnings

Lumentum stock drops 5% in late morning trade as AI optics bets cool ahead of earnings

New York, Jan 12, 2026, 11:53 AM ET — Regular session Lumentum Holdings shares dropped 5.4% to $332.28 in late-morning trading Monday, lagging behind a mostly flat U.S. market. The stock slipped $19.14 from its previous close and earlier dipped as low as $323.24. This move is significant since Lumentum has become a swift, occasionally volatile stand-in for AI data center spending. The company sells optical components—the lasers and photonics that drive data through fiber—and that connection to cloud infrastructure projects has turned its stock into a hotspot for fast cash. Lumentum will report fiscal second-quarter results on Feb. 3
12 January 2026
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Palantir stock edges up after Citi upgrade as Wall Street tests the AI trade again

Palantir stock edges up after Citi upgrade as Wall Street tests the AI trade again

New York, Jan 12, 2026, 11:48 AM EST — Regular session Palantir Technologies Inc. shares edged up Monday following a Citi upgrade of the data analytics company, maintaining investor interest after a stellar 2025 performance. The stock climbed roughly 0.4% to $178.21, bouncing between $174.03 and $182.48 during the session. This shift is significant since Palantir is a key player in the market’s race into enterprise AI software—a crowded space with sky-high expectations. Minor tweaks to Wall Street’s 2026 growth forecasts can still move the stock sharply. The timing couldn’t be more awkward. The stock’s recent rally has nudged cautious
12 January 2026
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Alibaba stock pops nearly 10% as Qwen AI tops 700 million Hugging Face downloads

Alibaba stock pops nearly 10% as Qwen AI tops 700 million Hugging Face downloads

NEW YORK, Jan 12, 2026, 11:08 EST Shares of Alibaba Group Holding (BABA.N) jumped nearly 9.8% to $165.68 in late morning trading Monday. The surge followed news that its Qwen open-source AI models surpassed 700 million downloads on Hugging Face, a platform where developers exchange and refine models. https://finance.yahoo.com/quote/BABA/ The number of downloads stands out as one of the rare public indicators investors can latch onto in the AI battle. This comes as Alibaba pushes to persuade markets that cloud computing and AI will drive a bigger share of its growth. Alibaba Cloud’s Qwen family topped 700 million downloads on
12 January 2026
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Alphabet hits $4 trillion mark as Google’s AI reboot wins back Wall Street

Alphabet hits $4 trillion mark as Google’s AI reboot wins back Wall Street

New York, January 12, 2026, 11:10 EST Alphabet reached a $4 trillion market value on Monday, marking a major shift in how investors view the Google parent amid the AI boom. (Reuters) The AI race has morphed into a spending war—chips, data centers, talent—and investors are backing the handful of companies they believe can bankroll this push while keeping margins intact. Alphabet’s leap also shakes up the upper ranks of global equities, having surpassed Apple in market cap last week. The company’s rebound also serves as a modest answer to a debate swirling since ChatGPT’s rise in 2022: did Google
12 January 2026
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Alphabet stock’s $4 trillion flashpoint: Google’s AI refocus puts it back in the lead

Alphabet stock’s $4 trillion flashpoint: Google’s AI refocus puts it back in the lead

New York, January 12, 2026, 11:02 EST Alphabet surged past a $4 trillion market cap on Monday, highlighting the rapid shift in investor sentiment toward Google’s AI ambitions. https://www.reuters.com/business/alphabet-hits-4-trillion-valuation-ai-refocus-lifts-sentiment-2026-01-12/ This shift matters now as Big Tech’s AI spending spree bumps up against a crucial question: who can convert their hardware and models into steady cash flow, and who’s merely leasing pricey compute power from others. Alphabet shares dipped 0.3% to $327.47 in late morning trading. The stock has climbed roughly 65% over the last year and gained about 6% year-to-date in 2026. The rally has propelled Alphabet closer to Nvidia,
12 January 2026
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Nvidia stock wobbles after $1B Eli Lilly AI lab plan as CPI and TSMC loom

Nvidia stock wobbles after $1B Eli Lilly AI lab plan as CPI and TSMC loom

NEW YORK, Jan 12, 2026, 10:43 a.m. ET — Regular session Nvidia (NVDA.O), the world’s most valuable listed company, and Eli Lilly (LLY.N) said on Monday they will spend $1 billion over five years on a joint research lab in the San Francisco Bay Area, betting Nvidia’s next Vera Rubin AI chips can speed drug discovery. Nvidia shares were down 0.2% at $184.42 by 10:30 a.m. ET. (Reuters) The move gives Nvidia another lane to sell chips and software as investors debate how long the AI spending surge by Big Tech can stay at full tilt. For Lilly, it is
12 January 2026
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Eli Lilly stock edges up as $1 billion Nvidia AI lab plan hits JPM spotlight

Eli Lilly stock edges up as $1 billion Nvidia AI lab plan hits JPM spotlight

New York, Jan 12, 2026, 10:58 EST — Regular session Eli Lilly’s stock climbed in early trading Monday following the announcement that the drugmaker and Nvidia plan to invest roughly $1 billion over five years in a joint research lab focused on accelerating drug discovery. The news comes as executives and investors gather at the J.P. Morgan Healthcare Conference in San Francisco, where buzz around drug pipelines can quickly shift valuations in a sector still relying on a handful of blockbuster drugs. AI is increasingly woven into the narrative, particularly for firms eager to prove they can go beyond their
12 January 2026
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Google Gemini adds Walmart checkout: Alphabet’s new AI shopping push puts GOOGL stock in focus

Google Gemini adds Walmart checkout: Alphabet’s new AI shopping push puts GOOGL stock in focus

NEW YORK, Jan 12, 2026, 10:02 EST Walmart shares gained roughly 2% Monday as Alphabet slipped, following news the retailer’s shopping experience will be integrated into Google’s Gemini assistant. Shoppers can now build carts and complete checkout without leaving the chat interface. “We aren’t just watching the shift, we are driving it,” said John Furner, Walmart U.S. chief and incoming CEO. (https://corporate.walmart.com/news/2026/01/11/walmart-and-google-turn-ai-discovery-into-effortless-shopping-experiences) Google’s latest move is crucial as it aims to lock in high-intent shopping—and the ads tied to it—within its AI platforms, responding to consumers shifting from keyword searches to conversational tools. The company introduced the Universal Commerce Protocol,
12 January 2026
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Stock Market Today

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026
LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:46 AM EST Sensex and Nifty Bounce Back Amid IT Sector Weakness, Eyes on US-India Trade Deal February 7, 2026, 12:46 AM EST. India's Sensex rose 0.3% to 83,580.40 and Nifty gained 0.2% to 25,693.7 on Friday, recovering from early losses. The Nifty IT index dropped 1.5%, extending a weekly fall of 5%, pressured by a global tech sell-off linked to rising AI spending and competition. Foreign investors bought equities worth ₹1,951 crore, while domestic institutions sold ₹1,265 crore. The market is cautiously awaiting details of the US-India
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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