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Business Trends News 30 January 2026 - 7 February 2026

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

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.
7 February 2026
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Verizon stock price snaps 7-day run as consumer chief exit sharpens focus on turnaround

Verizon stock price snaps 7-day run as consumer chief exit sharpens focus on turnaround

Verizon shares fell 1.7% to $46.31 Friday, ending a seven-session rally and closing about 2.7% below Thursday’s one-year high. The dip follows news that consumer chief Sowmyanarayan Sampath will step down, with Alfonso Villanueva named interim head. Verizon has climbed 16% since January 29 amid strong subscriber growth and a $25 billion buyback plan.
7 February 2026
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IBM stock slides again as AI disruption fears grip software; Confluent vote nears

IBM stock slides again as AI disruption fears grip software; Confluent vote nears

IBM shares fell 1.8% to $289.05 Wednesday, extending an 8% slide since Monday amid a global software selloff tied to AI disruption fears. Confluent, which IBM plans to acquire, disclosed lawsuits and shareholder demands over its merger proxy, but said it will issue supplemental disclosures. IBM declared a $1.68 per share dividend, payable March 10. Confluent shareholders will vote on the deal February 12.
5 February 2026
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Marvell Technology stock slips as Celestial AI deal dilution meets a wider chip selloff

Marvell Technology stock slips as Celestial AI deal dilution meets a wider chip selloff

Marvell Technology shares fell about 2% to $74.06 Wednesday after the company closed its $1 billion acquisition of Celestial AI and warned of higher short-term costs and share dilution. Marvell issued over 24 million unregistered shares for the deal and may issue more if revenue targets are met. Investors are watching for signs of demand and integration ahead of the company’s earnings report.
4 February 2026
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Spotify stock sinks 6% in New York trade as tech rout deepens and Checkout.com deal lands

Spotify stock sinks 6% in New York trade as tech rout deepens and Checkout.com deal lands

Spotify shares fell 5.6% to $447.41 Wednesday afternoon, hitting a low of $440.75 as tech stocks slid. The drop follows Checkout.com’s announcement of a global acquiring partnership with Spotify. Investors are focused on next week’s quarterly report for signs on pricing and subscriber trends. About 4.4 million shares changed hands by mid-afternoon.
4 February 2026
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IBM stock price slides again as AI disruption fears hit software, IT services

IBM stock price slides again as AI disruption fears hit software, IT services

IBM shares fell $9.19, or 3.1%, to $285.12 Wednesday amid heightened concerns over AI competition and a weak outlook from Gartner. The selloff followed Anthropic’s launch of new AI tools and a sharp drop in Gartner’s consulting revenue. Investors are watching IBM’s upcoming earnings and February dividend record date. U.S. equities also declined Tuesday as tech sector worries spread.
4 February 2026
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AST SpaceMobile stock rebounds nearly 7% as Musk’s SpaceX-xAI deal lifts space names

AST SpaceMobile stock rebounds nearly 7% as Musk’s SpaceX-xAI deal lifts space names

AST SpaceMobile shares rose 6.8% to $111.61 Tuesday afternoon, rebounding after a previous drop. The move followed news of a SpaceX-xAI merger, which lifted the broader space sector. Around 11.6 million AST shares traded as investors looked ahead to the company’s BlueBird 7 satellite launch, scheduled for late February.
3 February 2026
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Unity stock price plunges as Google rolls out Project Genie AI world tool

Unity stock price plunges as Google rolls out Project Genie AI world tool

Unity Software shares fell 24.2% to $29.10 in after-hours trading Friday after Google announced “Project Genie,” a tool for generating interactive worlds from text or images. The drop erased nearly $3 billion in market value. Investors are watching Unity’s Feb. 11 earnings for signs of how the company will respond to new AI competition.
31 January 2026
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Amazon stock ticks up after $50 billion OpenAI talks put AI spending back in focus

Amazon stock ticks up after $50 billion OpenAI talks put AI spending back in focus

Amazon shares rose 0.5% to $242.94 after Reuters reported the company may invest up to $50 billion in OpenAI. The stock moved between $238.51 and $243.29 in early trading. Amazon has cut about 30,000 corporate jobs since October and plans to shut its Fresh and Go stores. Quarterly earnings are due Feb. 5.
30 January 2026
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BitMine Immersion (BMNR) stock tumbles 10% as president exit filing hits and crypto slides

BitMine Immersion (BMNR) stock tumbles 10% as president exit filing hits and crypto slides

BitMine Immersion Technologies (BMNR) fell 10% to $26.70 Thursday after an SEC filing showed President Erik Nelson was fired without cause and will receive $605,000 in severance. The drop followed sharp declines in ether and bitcoin prices. BMNR traded nearly 58 million shares, swinging between $29.15 and $26.03. Investors are watching dilution risk after shareholders approved raising authorized stock to 50 billion shares.
30 January 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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