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Stock Market 16 January 2026

BigBear.ai (BBAI) stock in focus before the open as $125 million notes convert — and a dilution vote looms

BigBear.ai (BBAI) stock in focus before the open as $125 million notes convert — and a dilution vote looms

New York, Jan 16, 2026, 09:28 EST — Premarket Shares of BigBear.ai Holdings, Inc slipped about 1.3% to $6.17 in premarket trading Friday after the company announced the full conversion of $125 million in convertible senior secured notes due 2029 into common stock. The move wiped out roughly $125 million in debt without a significant cash payout. Following the transaction, the company’s note-related debt shrank to around $17 million, linked to convertible notes maturing in December 2026.
16 January 2026
AMD stock price rises early as TSMC outlook lifts chipmakers, with tariffs hanging over AI chips

AMD stock price rises early as TSMC outlook lifts chipmakers, with tariffs hanging over AI chips

New York, January 16, 2026, 09:33 ET — Regular session Advanced Micro Devices shares climbed about 2% to $227.92 in early Friday trading, lifted by strength in the semiconductor sector. The rally came after contract chipmaker TSMC reported a record quarterly profit and forecasted a nearly 30% jump in 2026 revenue, backed by a hefty $52 billion to $56 billion capital-spending plan this year. “While the likes of Nvidia, Broadcom and AMD fight it out for chip supremacy, TSMC ultimately benefits as the key manufacturer of all their chips,” said Ben Barringer, head of technology research at Quilter Cheviot.
Atmos Energy warns Lubbock homeowners: roof repairs can raise carbon monoxide risk

Atmos Energy warns Lubbock homeowners: roof repairs can raise carbon monoxide risk

Lubbock, Texas, Jan 16, 2026, 07:34 CST Atmos Energy Corp on Thursday released safety guidance for Lubbock residents fixing roofs damaged by last year’s hailstorms. The company urged homeowners to have natural gas vents and piping inspected by licensed professionals. Customers were advised to reach out to a licensed plumber or heating contractor to ensure gas appliances and equipment are venting correctly.
16 January 2026
Wipro Q3 results: Profit slides 7%, ₹6 interim dividend declared as labour-code hit dents earnings

Wipro Q3 results: Profit slides 7%, ₹6 interim dividend declared as labour-code hit dents earnings

Wipro on Friday reported a 7% fall in third-quarter profit and declared an interim dividend of 6 rupees a share, as a one-time labour code charge weighed on earnings. The Bengaluru-based IT services firm forecast flat to 2% sequential growth in core IT services revenue for the March quarter. https://www.wipro.com/content/dam/nexus/en/investor/quarterly-results/2025-2026/q3fy26/press-release-q3fy26.pdf The numbers land in the middle of India’s earnings season, with investors scanning for signs that demand is holding up as clients trim non-essential technology work. Several companies have also started booking one-off costs tied to India’s new labour codes, making profit comparisons messier. https://www.reuters.com/world/india/indias-wipro-beats-third-quarter-revenue-view-2026-01-16/
Reliance Q3 results today: Jio, refining in focus as retail drag looms

Reliance Q3 results today: Jio, refining in focus as retail drag looms

Reliance Industries is set to report its December-quarter results later on Friday, with analysts looking for a modest pickup in earnings as gains in refining and telecom help offset slower retail trends. The report is a pulse-check for India’s biggest corporate bellwether at a moment when investors are split on what matters more: the near-term boost from better refining margins or the longer grind in consumer businesses.
16 January 2026
Wall Street futures rise as chip stocks jump; here’s the U.S. economic calendar today

Wall Street futures rise as chip stocks jump; here’s the U.S. economic calendar today

New York, January 16, 2026, 06:48 EST — Premarket U.S. stock index futures climbed Friday, driven by gains in memory-chip stocks as traders eyed upcoming factory data and Federal Reserve comments. By 5:52 a.m. ET, Dow E-minis had added 47 points, S&P 500 E-minis gained 20, and Nasdaq 100 E-minis jumped 148.25. Micron surged 6.4% in premarket trading, with Western Digital up 4.9% and Seagate rising 4.1%. Meanwhile, J.B. Hunt Transport Services dropped nearly 5% after reporting a decline in quarterly revenue. Investors are also awaiting December industrial production figures set for release later this morning.

Stock Market Today

  • IREN sinks 5.4% as Meta's AI cloud move weighs on sector
    July 1, 2026, 4:52 PM EDT. Shares of IREN Ltd (NASDAQ:IREN) dropped 5.4% to $43.28 on July 1 after reports surfaced that Meta Platforms (NASDAQ:META) might start selling unused AI computing power. That hit AI cloud infrastructure stocks across the board-CoreWeave and Nebius both tumbled more than 14%. IREN now trades for about 4.7 times its $3.1 billion in contracted ARR, well below Jefferies' $79 target which implies an 8.5x multiple. Investors are worried about a possible glut in GPU cloud supply, pressuring neocloud valuations. Meta hasn't confirmed the plans. Analysts say more capacity would affect neocloud players much more than established hyperscalers. While the rest of the group sold off, Meta gained 9.1% as expectations split between cloud names.
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