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Investing News 4 February 2026

Sandisk stock sinks about 16% as AI-linked tech selloff bites; SNDK in focus

Sandisk stock sinks about 16% as AI-linked tech selloff bites; SNDK in focus

Sandisk Corp shares fell 16% to $584.85 in after-hours trading Wednesday, dropping $110.66 on heavy volume as traders retreated from AI-linked tech stocks. The decline followed a recent surge and came despite strong fundamentals and upbeat forecasts. U.S. markets closed lower, with tech stocks weighing on the Nasdaq. Alphabet shares also dipped ahead of earnings.
Apple stock climbs as tech selloff deepens; Alphabet earnings now the next test

Apple stock climbs as tech selloff deepens; Alphabet earnings now the next test

Apple shares rose 2.6% to $276.40 Wednesday, bucking a 1.5% Nasdaq drop, then slipped 0.3% after hours. The stock’s outperformance follows strong earnings and a new deal to integrate Google’s Gemini AI into Siri. Apple plans to delay a standard iPhone model in 2026 due to supply-chain issues, Nikkei Asia reported. Traders await Alphabet’s earnings for further signals on AI’s impact.
Micron stock sinks nearly 10% as AI-chip jitters flare — what to watch next

Micron stock sinks nearly 10% as AI-chip jitters flare — what to watch next

Micron shares fell nearly 10% in late trading Wednesday, closing at $378.50 after a volatile session. The drop followed a regulatory filing showing officer Sumit Sadana plans to sell 25,000 shares. Other chip stocks, including Nvidia and AMD, also declined as investors questioned the staying power of the AI rally. The PHLX semiconductor index finished sharply lower.
AMD stock dives 16% after guidance revives Nvidia worries and China boost questions

AMD stock dives 16% after guidance revives Nvidia worries and China boost questions

AMD shares fell 16.3% to $202.59 Wednesday after the company forecast a sequential revenue decline for the first quarter, citing uncertainty over China AI-chip shipments. Fourth-quarter revenue hit a record $10.27 billion, but the outlook projects around $9.8 billion. The company reported $390 million in China AI-chip revenue and flagged $440 million in inventory charges tied to U.S. export controls.
Why ESAB stock is jumping today: Eddyfi deal digested, early numbers set the tone

Why ESAB stock is jumping today: Eddyfi deal digested, early numbers set the tone

ESAB Corp shares surged 7.4% to $126.62 Wednesday, rebounding after a $1.45 billion deal to acquire Eddyfi Technologies. The company expects Eddyfi to add $270 million in 2026 revenue and plans to finance the purchase with cash, debt, and $318 million in equity. JPMorgan cut its price target to $130 but kept an “Overweight” rating. ESAB’s Q4 revenue guidance is $720–$722 million, with adjusted EPS of $1.34–$1.36.
Old Dominion Freight Line stock price jumps as ODFL beats Q4 estimates and raises dividend

Old Dominion Freight Line stock price jumps as ODFL beats Q4 estimates and raises dividend

Old Dominion Freight Line shares jumped 8.8% to $206.38 Wednesday after the company beat quarterly earnings estimates and raised its dividend. Fourth-quarter LTL tons per day fell 10.7%, but revenue per hundredweight rose 4.9% excluding fuel. Revenue dropped 5.7% to $1.31 billion, while the operating ratio worsened to 76.7%. The board set the new quarterly dividend at 29 cents per share.
DaVita stock price pops again as 2026 outlook fuels fresh Wall Street targets

DaVita stock price pops again as 2026 outlook fuels fresh Wall Street targets

DaVita shares rose 6.5% to close near $143.45 Wednesday after the company forecast 2026 adjusted EPS of $13.60–$15.00, above consensus. The stock surged 16% in after-hours trading Monday. Barclays and UBS raised their price targets, citing strong guidance and ongoing buybacks. DaVita reported Q4 revenue of $3.62 billion and said it repurchased 12.7 million shares in 2025.
Enact Holdings stock jumps 10% as ACT rallies on fresh buyback plan and earnings

Enact Holdings stock jumps 10% as ACT rallies on fresh buyback plan and earnings

Enact Holdings’ stock surged 10.5% to $44.58 after its board approved a new $500 million share repurchase plan, adding to an existing $350 million program. The company reported Q4 net income of $177 million and said it will maintain its $0.21 dividend, payable March 19. Genworth Holdings, which owns 81% of Enact, will sell shares back in proportion to open-market buybacks. The S&P 500 ETF fell 0.2%.
Confluent stock price today: CFLT stays just under IBM’s $31 offer as February deadlines near

Confluent stock price today: CFLT stays just under IBM’s $31 offer as February deadlines near

Confluent shares traded at $30.42 Wednesday, about 2% below IBM’s $31-per-share cash offer, as investors await a February 12 shareholder vote on the $11 billion deal. The U.S. antitrust waiting period expired January 12, but the merger still needs shareholder and further regulatory approval. Confluent will report earnings February 11 without a call or outlook. Trading volume surged to 53 million shares ahead of key dates.
Why Wells Fargo stock (WFC) is up today as the yield curve steepens — the next catalyst to watch

Why Wells Fargo stock (WFC) is up today as the yield curve steepens — the next catalyst to watch

Wells Fargo shares rose 1.2% to $93.44 by midafternoon Wednesday as U.S. bank stocks gained alongside a steeper Treasury yield curve. The KBW Nasdaq Bank Index advanced 1.23%. Wells Fargo priced 5.50% fixed-rate callable notes due 2046, per an SEC filing. The bank projects $50 billion in net interest income for 2026 and reported $612 million in severance costs tied to layoffs.
Amgen stock price jumps as earnings beat puts MariTide obesity bet back in focus

Amgen stock price jumps as earnings beat puts MariTide obesity bet back in focus

Amgen shares jumped 8.5% to $367.52 in afternoon trading Tuesday, outpacing a broader market decline. The company reported Q4 revenue up 9% to $9.9 billion and projected 2026 sales as high as $38.4 billion. Investors focused on late-stage trials for obesity drug MariTide. The FDA has requested withdrawal of Tavneos, but Amgen is refusing.
Chipotle stock rebounds from early drop as CMG traders rethink 2026 outlook

Chipotle stock rebounds from early drop as CMG traders rethink 2026 outlook

Chipotle shares rebounded to $40.00, up 2.1%, after dropping to $36.50 earlier Wednesday. The company reported Q4 revenue of $3.0 billion, but comparable sales fell 2.5% and transactions dropped 3.2%. Chipotle projects flat comparable sales for 2026 and plans 1–2% menu price hikes to offset rising costs, especially for beef. Investors await further details in the upcoming SEC filing.
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Stock Market Today

Keppel stock holds near 12-year high after profit jump, special dividend; buyback adds support

Keppel stock holds near 12-year high after profit jump, special dividend; buyback adds support

7 February 2026
Keppel shares closed at S$11.64 on Friday, up 0.17%, after surging 6.1% the previous day on stronger FY2025 profit and a larger dividend plan. The company bought back 151,400 shares for about S$1.74 million. Keppel reported a 29% rise in full-year profit to S$1.02 billion and proposed a total distribution of 47 cents per share, including a special dividend partly paid in Keppel REIT units.
ST Engineering stock price drops 2% to S$9.71 as drone-autonomy tie-up grabs attention

ST Engineering stock price drops 2% to S$9.71 as drone-autonomy tie-up grabs attention

7 February 2026
ST Engineering shares fell 1.9% to S$9.71 Friday, outpacing the Singapore market’s 0.8% drop amid a tech-led selloff. The company signed a deal with Shield AI at the Singapore Airshow to integrate autonomy software into its unmanned platforms and unveiled a small drone capable of carrying explosives. About 6.9 million shares traded as investors await full-year results on Feb. 27.
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