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Technology News News 28 January 2026 - 29 January 2026

Meta jumps, Microsoft slides: AI stocks hit a payback test before Wall Street opens

Meta jumps, Microsoft slides: AI stocks hit a payback test before Wall Street opens

Meta rose 7.9% in premarket trading after raising its spending outlook and posting stronger-than-expected revenue. Microsoft fell 6.4% as investors questioned cloud growth and mounting AI costs. U.S. AI stocks looked volatile ahead of Apple’s results. Stock index futures edged up after the Fed held rates steady.
29 January 2026
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Tesla stock steadies premarket as Musk’s $2 billion xAI bet meets a $20 billion spending surge

Tesla stock steadies premarket as Musk’s $2 billion xAI bet meets a $20 billion spending surge

Tesla shares rose 0.1% premarket to $431.46 after the company announced a $20 billion-plus 2026 capex plan and a $2 billion investment in Elon Musk’s AI startup xAI. Tesla will end Model S and X production, focus on Cybercab robotaxi and robotics, and reported Q4 revenue of $24.90 billion, down 3% year-on-year. Fourth-quarter deliveries fell 16% to 418,227 vehicles.
29 January 2026
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CoreWeave stock slips after Nvidia’s $2 billion stake as HSBC flags debt risk

CoreWeave stock slips after Nvidia’s $2 billion stake as HSBC flags debt risk

CoreWeave shares fell 2.6% to $106.02 after Nvidia disclosed an 11.5% stake through a $2 billion private share purchase. HSBC cut its price target, citing higher borrowing costs and a projected $9.8 billion liquidity shortfall in 2026. Nvidia shares rose 1.6%. Investors remain focused on CoreWeave’s funding needs and debt costs.
29 January 2026
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Seagate stock price jumps 19% after forecast beats; STX rides AI data demand

Seagate stock price jumps 19% after forecast beats; STX rides AI data demand

Seagate shares surged 19% to $442.93 in after-hours trading Wednesday after the company beat quarterly estimates and forecast stronger-than-expected revenue and profit for the next quarter. The company reported Q2 adjusted earnings of $3.11 per share on $2.83 billion in revenue, both above forecasts. Western Digital and Micron also rose sharply. Seagate announced a $0.74 per share dividend, payable April 8.
29 January 2026
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Oracle stock dips after TikTok outage explanation as traders size up Fed and what’s next

Oracle stock dips after TikTok outage explanation as traders size up Fed and what’s next

Oracle shares closed down 1.2% at $172.80 Wednesday, then edged up 0.2% after hours. The company blamed a weather-related power outage at a data center for U.S. TikTok disruptions. Trading volume jumped to 35.4 million shares, well above average. Investors are watching for signs of service stability and the next earnings report.
29 January 2026
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Intel stock price jumps 11% after report Apple, Nvidia weigh Intel foundry work

Intel stock price jumps 11% after report Apple, Nvidia weigh Intel foundry work

Intel shares surged 11% in after-hours trading Wednesday after a DigiTimes report said Apple and Nvidia may shift some 2028 chip production to Intel. CFO David Zinsner bought 5,882 shares last week. The Philadelphia Semiconductor Index rose 1.7% as chip stocks rebounded. ASML reported €13.2 billion in bookings and raised its 2026 sales outlook.
29 January 2026
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Meta’s $135 billion AI spending plan steals the show after strong Q4 earnings

Meta’s $135 billion AI spending plan steals the show after strong Q4 earnings

Meta forecast 2026 capital spending of $115 billion to $135 billion for its “superintelligence” AI initiative, above analyst estimates. The company expects first-quarter revenue of $53.5 billion to $56.5 billion. Shares rose nearly 9% in after-hours trading. Fourth-quarter revenue reached $59.89 billion, with net income at $22.77 billion.
28 January 2026
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IBM stock price jumps after hours as Q4 results lift AI and 2026 outlook

IBM stock price jumps after hours as Q4 results lift AI and 2026 outlook

IBM shares rose 7.8% to $317 in after-hours trading Wednesday after reporting fourth-quarter revenue of $19.7 billion, up 12%. The company projected over 5% revenue growth for 2026 in constant currency and expects about $1 billion more in free cash flow. Red Hat growth slowed to 10%, partly due to a late-2025 U.S. government shutdown. IBM’s $11 billion Confluent acquisition is set to close by mid-2026.
28 January 2026
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AI stocks swing after hours: Nvidia ticks up on China H200 nod as Microsoft, Meta and Tesla turn volatile

AI stocks swing after hours: Nvidia ticks up on China H200 nod as Microsoft, Meta and Tesla turn volatile

Nvidia rose 1.6% in after-hours trading after China approved H200 chip sales to ByteDance, Alibaba, and Tencent, sources said. Texas Instruments and Intel jumped nearly 10% and 11%, respectively, on strong data center demand. Microsoft, Meta, and Tesla shares fluctuated after earnings, with Microsoft’s cloud spending up sharply. The S&P 500 slipped 0.01% after the Fed held rates steady.
28 January 2026
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Tesla Q4 Earnings: Revenue Beats, Profit Sinks, and Musk’s xAI Bet Moves to Center Stage

Tesla Q4 Earnings: Revenue Beats, Profit Sinks, and Musk’s xAI Bet Moves to Center Stage

Tesla posted fourth-quarter revenue of $24.9 billion, beating forecasts, but net income plunged 61% to $840 million. The company confirmed a $2 billion investment in Elon Musk’s xAI and reported a 15.6% drop in vehicle deliveries. Automotive sales fell 11%, while energy storage revenue jumped 25%. The stock was little changed after hours.
28 January 2026
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Stock Market Today

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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