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Stock Market 3 February 2026 - 4 February 2026

Western Digital stock jumps after $4 billion buyback boost and 100TB drive roadmap

Western Digital stock jumps after $4 billion buyback boost and 100TB drive roadmap

Western Digital Corporation shares jumped 7.4% to $290.24 in after-hours trading Tuesday, following the company’s announcement of an additional $4.0 billion share buyback authorization. During the session, the stock fluctuated between $272.11 and $296.27. The company said it could repurchase shares either on the open market or privately, including through a Rule 10b5-1 prearranged trading plan, and retains the option to pause or halt the program at any time.
4 February 2026
Intel stock rises after CEO flags a new GPU push to take on Nvidia

Intel stock rises after CEO flags a new GPU push to take on Nvidia

Intel shares ticked up about 0.9% to $49.25 in after-hours trading Tuesday after CEO Lip-Bu Tan spoke to Reuters. He disclosed Intel’s plans to build graphics processing units for data centers and confirmed they’ve brought on Qualcomm veteran Eric Demmers as chief GPU architect. “I just hired the chief GPU architect, and he’s very good,” Tan said. He added that Intel is already talking with several customers and expects volume production using its 14A process to accelerate later in 2026.
Dow Jones slips 167 points on AI disruption fears; Alphabet, Amazon earnings next

Dow Jones slips 167 points on AI disruption fears; Alphabet, Amazon earnings next

The Dow Jones Industrial Average dropped 166.67 points Tuesday, closing down 0.34% at 49,240.99 as tech and software stocks came under pressure amid renewed worries about AI squeezing profit margins. “We’re seeing a lot of software companies across the spectrum get hit,” said Art Hogan, chief market strategist at B. Riley Wealth. The S&P 500 fell 0.84% to 6,917.81, while the Nasdaq slid 1.43% to 23,255.19. Merck bucked the trend, rising 2.2% after reporting results, and PepsiCo surged 4.9% following announcements of price cuts on brands like Lay’s and Doritos.
Tesla stock barely moves after-hours as $41,990 Model Y AWD debuts — what TSLA traders watch next

Tesla stock barely moves after-hours as $41,990 Model Y AWD debuts — what TSLA traders watch next

Tesla’s stock barely moved in after-hours trading Tuesday, shortly after the company unveiled a new all-wheel-drive Model Y variant priced at $41,990 on its U.S. website. Shares ticked up 0.1% to $421.83, having fluctuated between $413.69 and $428.42 during the day. Rivian dipped 0.2%, while Lucid climbed 2.0%. This launch comes on the heels of Tesla’s October introduction of cheaper “Standard” Model Y and Model 3 versions, roughly $5,000 less than previous base prices, following the September expiration of the $7,500 federal EV tax credit under the Trump administration. Analysts caution that a shift toward more affordable models could squeeze margins, or profit per car.
Abbott (ABT) stock slips on FDA warning letter over FreeStyle Libre testing; dates to watch

Abbott (ABT) stock slips on FDA warning letter over FreeStyle Libre testing; dates to watch

Shares of Abbott Laboratories dipped 0.6% to $108.77 Tuesday afternoon after the U.S. Food and Drug Administration issued a warning letter to Abbott Diabetes Care. The letter, dated Jan. 23, criticized the company’s process for verifying the accuracy of its FreeStyle Libre continuous glucose monitors. Specifically, the FDA said Abbott failed to ensure key accuracy specs were passed to third-party manufacturers and released finished devices without conducting accuracy tests at launch. Abbott has 15 business days to respond. Earlier, the stock had fallen as much as 2.9%.
3 February 2026
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