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Business News News 16 January 2026 - 17 January 2026

Western Digital (WDC) stock price: Analysts lift targets as SanDisk stake sale, earnings loom

Western Digital (WDC) stock price: Analysts lift targets as SanDisk stake sale, earnings loom

New York, January 16, 2026, 19:13 EST — After-hours trading session Western Digital shares slipped 0.2% in after-hours trading Friday, despite price target upgrades from Evercore ISI and Susquehanna. Evercore bumped its target to $230 from $190, while Susquehanna raised theirs sharply to $205 from $135. (TipRanks) The calls arrive just before a holiday-shortened week, as U.S. equity and options…
17 January 2026
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Salesforce stock slides to $227 after insider sale filing, with Davos AI showcase next week

Salesforce stock slides to $227 after insider sale filing, with Davos AI showcase next week

NEW YORK, Jan 16, 2026, 17:58 EST — After-hours Salesforce shares slipped roughly 2.8%, ending Friday at $227.11. After-hours, they inched up slightly, trading at $227.20. During the session, the stock fluctuated between $226.76 and $235.05, with about 13.8 million shares changing hands. (Public) The shift comes as investors grow cautious of lofty tech valuations and question how fast AI…
17 January 2026
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Micron stock jumps nearly 8% on New York megafab move and insider buying

Micron stock jumps nearly 8% on New York megafab move and insider buying

NEW YORK, January 16, 2026, 16:15 EST — After-hours Shares of Micron Technology (MU.O) climbed 7.8%, ending Friday at $362.75, after reaching an intraday high of $365.59. Micron’s surge is key, placing it at the heart of the market’s current chip crunch—not processors, but memory. Traders are betting supply will remain tight despite shifting demand. Much of the discussion centers…
16 January 2026
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Microsoft stock rises after OpenAI’s ChatGPT ad test plan, as Europe probes loom

Microsoft stock rises after OpenAI’s ChatGPT ad test plan, as Europe probes loom

New York, January 16, 2026, 16:04 EST — After-hours Microsoft shares ended higher on Friday after Microsoft-backed OpenAI said it would start testing ads in ChatGPT, a shift that could open a new revenue line for one of the company’s most watched partners. (Reuters) The move lands as investors reassess how quickly AI products can pay for the data-center buildout…
16 January 2026
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Cisco stock price edges up as CSCO sets Feb. 3 AI Summit with Nvidia’s Huang and OpenAI’s Altman

Cisco stock price edges up as CSCO sets Feb. 3 AI Summit with Nvidia’s Huang and OpenAI’s Altman

New York, Jan 16, 2026, 15:08 EST — Regular session Cisco Systems (CSCO.O) shares edged higher on Friday after the networking gear maker said it will hold its second annual AI Summit on Feb. 3, with Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman among the speakers. The stock was up about 0.2% at $75.42 in afternoon trading. (Cisco…
16 January 2026
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Verizon stock slips as Frontier deal nears the finish line after California OK

Verizon stock slips as Frontier deal nears the finish line after California OK

NEW YORK, Jan 16, 2026, 15:00 EST — Regular session Shares of Verizon Communications slipped roughly 0.7% to $39.08 in Friday afternoon trading. The drop came after California regulators gave the green light to Verizon’s $20 billion acquisition of Frontier Communications, removing the final big obstacle before the deal wraps up next week. (Reuters) Verizon secured the green light as…
16 January 2026
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Coca-Cola stock edges higher as CEO switch and new digital chief land on investors’ radar

Coca-Cola stock edges higher as CEO switch and new digital chief land on investors’ radar

New York, Jan 16, 2026, 13:40 EST — Regular session Shares of The Coca-Cola Company ticked up roughly 0.3% to $70.67 on Friday, edging up from Thursday’s close at $70.48. KO has been confined to a narrow range as investors weigh the implications of a leadership shakeup that sets a CEO handover for March in motion. The timing is key…
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

New York, Jan 16, 2026, 1:12 PM (EST) — Regular session. International Business Machines (IBM) shares rose about 2.2% to $304.48 in midday trade on Friday, up $6.53 from the prior close. The stock ranged between $298.81 and $306.12 as the Nasdaq 100-tracking Invesco QQQ slipped and the SPDR S&P 500 ETF held near flat. The move comes as IBM…
16 January 2026
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Riot Platforms stock jumps on AMD Texas data-center lease that could reach $1 billion

Riot Platforms stock jumps on AMD Texas data-center lease that could reach $1 billion

New York, Jan 16, 2026, 12:04 PM ET — Regular session Riot Platforms (RIOT) shares surged Friday following news that the bitcoin miner secured a long-term data-center lease with Advanced Micro Devices and acquired the land beneath a crucial Texas location. The stock climbed 12.6% to $18.65. The deal is significant as Riot aims to grow revenue streams beyond bitcoin…
16 January 2026
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Redwire stock jumps 12% as AE Industrial-linked holder discloses $150 million share sale

Redwire stock jumps 12% as AE Industrial-linked holder discloses $150 million share sale

New York, Jan 16, 2026, 11:38 EST — Regular session Redwire Corporation shares climbed on Friday, adding to a choppy run for the space and defense technology company as investors digested a fresh disclosure of large shareholder selling. The stock was up $1.32, or about 12.2%, at $12.18 in late morning trade, after swinging between $10.60 and $12.44. The move…
16 January 2026
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Ford stock slips on report of BYD hybrid-battery talks as politics crowd the trade

Ford stock slips on report of BYD hybrid-battery talks as politics crowd the trade

New York, January 16, 2026, 11:13 ET — During the regular session Ford Motor shares slipped about 0.9% to $13.68 on Friday following a report that the automaker is in talks with China’s BYD over a battery supply deal for certain hybrid models. (Yahoo) (Reuters) The chatter matters now because Ford is pushing harder into hybrids — gas-electric models —…
16 January 2026
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Walmart stock slips as CEO shake-up lands ahead of Nasdaq-100 entry

Walmart stock slips as CEO shake-up lands ahead of Nasdaq-100 entry

New York, Jan 16, 2026, 11:09 EST — Market open for regular trading. Shares of Walmart Inc. dipped 0.3% to $118.82 on Friday following the company’s announcement of new leadership changes ahead of its CEO handover. Walmart tapped longtime executive David Guggina to lead its U.S. operations, taking over for John Furner, who is set to become CEO later this…
16 January 2026
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Stock Market Today

  • SoundHound AI Stock Poised for Strong Growth in 2026 Amid Market Dip
    February 2, 2026, 6:14 AM EST. SoundHound AI (SOUN) shares have fallen to their lowest level in over a year, presenting a potential buying opportunity in the small-cap AI application space valued at $3.6 billion. The company develops software that integrates generative AI with audio recognition, targeting sectors like restaurant drive-thrus and vehicle assistants. Q3 revenue rose 68%, supported by new contracts including a French insurer and major financial institutions. Despite promising growth forecasts of 37% revenue increase in 2026, the stock's upside hinges on consumer acceptance of AI-powered customer service agents, a factor outside the company's control. Trading at 27 times sales, the stock is not cheap but remains attractive relative to its historical valuations.
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