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Stock Market News 12 January 2026

Revolution Medicines stock slips as Truist sticks to $99 target with Merck buyout talk in focus

Revolution Medicines stock slips as Truist sticks to $99 target with Merck buyout talk in focus

New York, Jan 12, 2026, 11:17 EST — Regular session Shares of Revolution Medicines (RVMD) slipped around 1.8% to $116.51 in early Monday trading, pulling back from a 52-week peak amid fresh analyst notes following a rollercoaster week of takeover rumors. The stock fluctuated between $113.47 and $119.58 during the session, pegging the company’s market cap at about $23 billion. The retreat follows a Wall Street Journal story revealing Merck’s ongoing talks to acquire Revolution in a deal pegged between $28 billion and $32 billion. The report suggests an announcement might arrive later this month but notes discussions remain tentative,
12 January 2026
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Costco stock rises as Wall Street wobbles — what to watch before CPI and Costco events

Costco stock rises as Wall Street wobbles — what to watch before CPI and Costco events

New York, January 12, 2026, 11:10 EST — Regular session Costco Wholesale Corporation shares climbed roughly 1.4% to $937.80 by late morning on Monday, hitting that price as a session high. The stock had started the day at $920.00. The warehouse club operator held up better than most consumer stocks as U.S. equities dropped following renewed political pressure on the Federal Reserve, stirring concerns about its independence. Consumer staples climbed, even as financials tumbled after President Donald Trump suggested capping credit-card interest rates for one year. (Reuters) Traders are gearing up for Tuesday’s U.S. consumer price index, or CPI, a
12 January 2026
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Applied Digital (APLD) stock is up again — what’s driving the move after hyperscaler leases

Applied Digital (APLD) stock is up again — what’s driving the move after hyperscaler leases

New York, Jan 12, 2026, 11:32 AM EST — Regular session Applied Digital Corporation shares climbed roughly 2.5% on Monday, buoyed by continued buying following last week’s quarterly report. The stock gained 93 cents to $38.61 in late morning trading, after fluctuating between $36.10 and $39.47 earlier in the session. This shift is crucial as investors chase scarce data-center power and long-term deals linked to AI workloads. It’s been a hot spot in U.S. tech stocks this month, attracting a lot of quick capital. Applied Digital finds itself smack in the middle of this. The company is still expanding, securing
12 January 2026
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NIO stock jumps nearly 6% as Firefly delivery milestone puts China EV demand back in focus

NIO stock jumps nearly 6% as Firefly delivery milestone puts China EV demand back in focus

New York, Jan 12, 2026, 11:16 AM EST — Regular session Shares of NIO Inc climbed roughly 5.8%, reaching $4.91 by late morning Monday, after briefly hitting $4.93 earlier. Around 23.6 million shares changed hands. The rally unfolds amid renewed jitters in U.S. equities over Fed and credit market news. Jordan Rizzuto, chief investment officer at GammaRoad Capital Partners, warned, “Any further meaningful moves towards less independence is not going to be viewed favorably by markets.” (reuters.com) China’s battery supply chain is back under the spotlight. Beijing’s move to phase out value-added tax export rebates on certain battery products pushed
12 January 2026
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Alibaba stock pops nearly 10% as Qwen AI tops 700 million Hugging Face downloads

Alibaba stock pops nearly 10% as Qwen AI tops 700 million Hugging Face downloads

NEW YORK, Jan 12, 2026, 11:08 EST Shares of Alibaba Group Holding (BABA.N) jumped nearly 9.8% to $165.68 in late morning trading Monday. The surge followed news that its Qwen open-source AI models surpassed 700 million downloads on Hugging Face, a platform where developers exchange and refine models. https://finance.yahoo.com/quote/BABA/ The number of downloads stands out as one of the rare public indicators investors can latch onto in the AI battle. This comes as Alibaba pushes to persuade markets that cloud computing and AI will drive a bigger share of its growth. Alibaba Cloud’s Qwen family topped 700 million downloads on
12 January 2026
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Alphabet hits $4 trillion mark as Google’s AI reboot wins back Wall Street

Alphabet hits $4 trillion mark as Google’s AI reboot wins back Wall Street

New York, January 12, 2026, 11:10 EST Alphabet reached a $4 trillion market value on Monday, marking a major shift in how investors view the Google parent amid the AI boom. (Reuters) The AI race has morphed into a spending war—chips, data centers, talent—and investors are backing the handful of companies they believe can bankroll this push while keeping margins intact. Alphabet’s leap also shakes up the upper ranks of global equities, having surpassed Apple in market cap last week. The company’s rebound also serves as a modest answer to a debate swirling since ChatGPT’s rise in 2022: did Google
12 January 2026
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SoFi stock swings on Trump’s 10% credit-card rate cap talk as CEO flags personal-loan upside

SoFi stock swings on Trump’s 10% credit-card rate cap talk as CEO flags personal-loan upside

New York, January 12, 2026, 11:12 (ET) — Regular session Shares of SoFi Technologies (SOFI.O) slipped roughly 1.7% to $26.94 by 11:12 a.m. ET on Monday, after earlier hitting $28.05. Traders initially jumped on a Washington-related headline, only to pull back soon after. The stock finds itself pulled in opposite directions. A cap on credit-card interest rates might squeeze banks and card issuers but could steer some borrowers toward personal loans — a core area for SoFi. The timing matters — the proposal dropped just as investors were digging into consumer credit trends and scouting fintech’s next growth area. Yet,
12 January 2026
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AMD stock jumps as Bernstein stays cautious on chipmaker and Wall Street frets Fed fight

AMD stock jumps as Bernstein stays cautious on chipmaker and Wall Street frets Fed fight

New York, Jan 12, 2026, 10:31 (EST) — Regular session Shares of Advanced Micro Devices were up 2.6% at $208.44 by 10:31 a.m. EST on Monday, even as the Nasdaq 100 tracker dipped slightly. The stock traded between $200.00 and $208.44. The move lands in a market that is quick to swing on chip names, where money has chased anything tied to artificial intelligence and then backed away just as fast. AMD sits near the center of that push-pull ahead of its next results. Bernstein analyst Stacy Rasgon reiterated “outperform” calls on Nvidia and Broadcom and wrote that AI spending
12 January 2026
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Plug Power stock rises as UBS conference nears and Jan. 29 vote raises reverse-split stakes

Plug Power stock rises as UBS conference nears and Jan. 29 vote raises reverse-split stakes

New York, Jan 12, 2026, 11:01 ET — Regular session Plug Power Inc (PLUG) shares climbed 4.1% to $2.28 by late morning on Monday, trading in a range from $2.14 up to $2.30. Roughly 28.4 million shares changed hands. Investors are zeroing in on Plug’s special meeting set for Jan. 29, where shareholders will vote on key charter amendments — notably raising authorized common shares from 1.5 billion to 3.0 billion. Plug warned that if the increase fails, it “will implement a reverse stock split” to free up shares needed to meet financial commitments and maintain operational flexibility. Back in
12 January 2026
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Alphabet stock’s $4 trillion flashpoint: Google’s AI refocus puts it back in the lead

Alphabet stock’s $4 trillion flashpoint: Google’s AI refocus puts it back in the lead

New York, January 12, 2026, 11:02 EST Alphabet surged past a $4 trillion market cap on Monday, highlighting the rapid shift in investor sentiment toward Google’s AI ambitions. https://www.reuters.com/business/alphabet-hits-4-trillion-valuation-ai-refocus-lifts-sentiment-2026-01-12/ This shift matters now as Big Tech’s AI spending spree bumps up against a crucial question: who can convert their hardware and models into steady cash flow, and who’s merely leasing pricey compute power from others. Alphabet shares dipped 0.3% to $327.47 in late morning trading. The stock has climbed roughly 65% over the last year and gained about 6% year-to-date in 2026. The rally has propelled Alphabet closer to Nvidia,
12 January 2026
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Nvidia stock wobbles after $1B Eli Lilly AI lab plan as CPI and TSMC loom

Nvidia stock wobbles after $1B Eli Lilly AI lab plan as CPI and TSMC loom

NEW YORK, Jan 12, 2026, 10:43 a.m. ET — Regular session Nvidia (NVDA.O), the world’s most valuable listed company, and Eli Lilly (LLY.N) said on Monday they will spend $1 billion over five years on a joint research lab in the San Francisco Bay Area, betting Nvidia’s next Vera Rubin AI chips can speed drug discovery. Nvidia shares were down 0.2% at $184.42 by 10:30 a.m. ET. (Reuters) The move gives Nvidia another lane to sell chips and software as investors debate how long the AI spending surge by Big Tech can stay at full tilt. For Lilly, it is
12 January 2026
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Strategy Inc stock ticks higher after $1.25 billion bitcoin buy funded by fresh share sales

Strategy Inc stock ticks higher after $1.25 billion bitcoin buy funded by fresh share sales

New York, Jan 12, 2026, 10:23 EST — Regular session Strategy Inc’s shares inched up 0.2% to $157.64 Monday morning following the company’s announcement that it tapped new share sales to finance another sizable bitcoin acquisition. The disclosure comes as bitcoin sits near $91,132, pushing investors to revisit a familiar dilemma: does Strategy’s “bitcoin-first” balance sheet provide an edge, or simply amplify volatility? Dilution is the key issue now. Strategy has been selling securities on the market, then using the proceeds to buy bitcoin. This effectively turns its stock into a leveraged proxy for bitcoin exposure. Strategy revealed in an
12 January 2026
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Stock Market Today

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026
LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:31 AM EST Dollar Dips as Stocks Rally and US Data Influences Fed Rate Expectations February 7, 2026, 12:18 AM EST. The **dollar index** fell 0.17%, pressured by a rebound in equity markets reducing demand for the safe-haven currency. Weaker-than-expected U.S. labor market data raised the odds of a Fed rate cut to 18% for March, though consumer sentiment improved to a six-month high, limiting losses. Hawkish comments from Atlanta Fed's Raphael Bostic emphasized maintaining restrictive monetary policy. The dollar faces medium-term weakness amid expectations for rate cuts
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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