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NASDAQ:ALGM 6 January 2026 - 29 January 2026

Allegro MicroSystems stock jumps on Q3 beat as traders chase the next catalyst

Allegro MicroSystems stock jumps on Q3 beat as traders chase the next catalyst

Allegro MicroSystems shares jumped 8.5% to $37.50 Thursday after reporting a 29% year-over-year rise in quarterly sales to $229.2 million and issuing strong March-quarter guidance. The stock outperformed the semiconductor sector, with rivals ON Semiconductor and NXP Semiconductors each down about 4%. Allegro forecast fourth-quarter sales of $230–$240 million and non-GAAP EPS of $0.14–$0.18.
29 January 2026
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Allegro MicroSystems stock jumps 6% as February Analyst Day sharpens focus on targets

Allegro MicroSystems stock jumps 6% as February Analyst Day sharpens focus on targets

Allegro MicroSystems surged 6.5% to $32.78 Wednesday after announcing an analyst day for Feb. 18 in Boston. The move outpaced chip sector peers as the Philadelphia Semiconductor Index fell 1.7%. Allegro will report Q3 results Jan. 29, with CEO Mike Doogue and CFO Derek D’Antilio set to host a call at 8:30 a.m. ET. The analyst day will be hybrid, with limited in-person attendance and a webcast.
14 January 2026
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Stock Market Today

  • Sandisk Stock Drops Amid Fears of Government Windfall Tax on AI Sector
    May 12, 2026, 11:38 AM EDT. Sandisk shares tumbled 5.8% following South Korean talks of a proposed special tax on AI firms to redistribute excess AI-era profits, signaling investor concerns about potential government interventions. Though the tax proposal remains unofficial and faces domestic pushback, it raises alarms about broader regulatory risks that could extend to Sandisk's key manufacturing markets like China and Japan. This move echoes past taxation debates around cryptocurrency gains, highlighting ongoing government interest in capitalizing on booming tech profits. Sandisk, an American company dominant in memory chips, now faces uncertainty not just from competitors but also from potential fiscal policies targeting AI profits globally.

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POET Stock Rebounds as New COO Gives AI-Photonics Rally a Fresh Test

POET Stock Rebounds as New COO Gives AI-Photonics Rally a Fresh Test

12 May 2026
POET Technologies named Sandeep Kumar as chief operating officer, triggering a 2.95% stock rise to $14.31 on heavy volume after shares hit $15.15 intraday. Kumar, formerly of Silicon Labs, will oversee Malaysia manufacturing as the company targets high-volume production. The move comes after Marvell canceled Celestial AI orders, which had weighed on the stock. Broader tech indices fell Tuesday, but POET shares outperformed.
IREN Stock Slips as Nvidia Deal Runs Into the Price of Building AI Capacity

IREN Stock Slips as Nvidia Deal Runs Into the Price of Building AI Capacity

12 May 2026
IREN shares fell about 2.4% to $53.80 Tuesday after the company priced an upsized $2.6 billion convertible-note sale, raising concerns over funding costs and dilution. The notes carry a 1% coupon and can convert at $73.07 per share. IREN reported a $247.8 million net loss last quarter. Peers Cipher Digital, Riot Platforms, and Marathon Digital also traded lower.
SMH vs SOXX vs SOXL: AI Chip ETF Rally Hits Its Hardest Test Yet

SMH vs SOXX vs SOXL: AI Chip ETF Rally Hits Its Hardest Test Yet

12 May 2026
The Direxion Daily Semiconductor Bull 3X Shares ETF fell 12.4% Tuesday morning in New York, while VanEck, iShares, and First Trust semiconductor ETFs dropped 3.5% to 4.5%. The declines followed a higher-than-expected U.S. inflation report and came after the S&P 500 and Nasdaq closed at record highs on Monday.

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Netflix stock jumps nearly 5% as Warner bidding war heats up — the next catalyst traders are watching

Netflix stock jumps nearly 5% as Warner bidding war heats up — the next catalyst traders are watching

25 February 2026
Netflix shares rose 5% to $81.92 Wednesday as investors reacted to a takeover battle for Warner Bros Discovery. Paramount raised its bid to $31 per share, topping Netflix’s $27.75 offer, and added a larger breakup fee. Warner will engage further with Paramount, while a shareholder vote on Netflix’s proposal is set for March 20. Antitrust scrutiny and investor concerns over deal financing remain.
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