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Technology News News 5 February 2026

Qualcomm stock price tumbles on weak forecast as memory crunch hits handset outlook

Qualcomm stock price tumbles on weak forecast as memory crunch hits handset outlook

Qualcomm shares fell 9.5% to $134.68 Thursday morning after the company forecast weaker-than-expected revenue and profit, citing a global memory chip shortage. The stock touched $129.98 as the iShares Semiconductor ETF dropped 1.5%. CEO Cristiano Amon said the supply crunch is hurting handset chip sales, a trend expected to last into 2027. Several major banks cut their price targets following the results.
5 February 2026
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Palantir stock drops again as AI jitters and valuation doubts bite after earnings whipsaw

Palantir stock drops again as AI jitters and valuation doubts bite after earnings whipsaw

Palantir shares fell 6.8% to $130.11 Thursday morning, extending a two-day slide that erased most of Tuesday’s rally. The drop follows a 12% plunge Wednesday amid concerns over AI-driven valuations and sector volatility. Director Alexander D. Moore disclosed selling 20,000 shares last week. Investors await U.S. economic data next week that could shift rate expectations for growth stocks.
5 February 2026
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Nvidia stock price edges up as Huang calls AI disruption fears “illogical”

Nvidia stock price edges up as Huang calls AI disruption fears “illogical”

Nvidia shares rose 0.8% to $175.60 Thursday, even as the S&P 500 software and services index lost over $800 billion in value in six sessions amid AI disruption fears. Alphabet projected 2026 capital spending of up to $185 billion, rattling markets and sending the Nasdaq down 1.36% at the open. Microsoft fell 2.6%, while AMD and Broadcom gained. OpenAI launched its Frontier agent service for enterprises.
5 February 2026
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Dow Jones drops nearly 300 points as Alphabet AI spending plan rekindles tech jitters

Dow Jones drops nearly 300 points as Alphabet AI spending plan rekindles tech jitters

The Dow fell 298 points to 49,203 Thursday morning, pulled down by Amazon and Microsoft as tech stocks slumped. Alphabet projected 2026 capital spending could double to as much as $185 billion, raising investor concerns. Qualcomm warned of missing earnings forecasts, sending shares lower. January layoffs hit 108,435, the highest for the month since 2009, with UPS and Amazon leading cuts.
5 February 2026
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Apple stock price hovers near $276 as AI spending jitters hit tech; key dates ahead for AAPL

Apple stock price hovers near $276 as AI spending jitters hit tech; key dates ahead for AAPL

Apple shares slipped 0.02% to $276.45 in early Thursday trading after a 2.6% gain the previous day. The stock moved between $275.89 and $279.40 amid broader tech caution following chip and AI spending concerns. Apple’s dividend record date is Feb. 9, with its annual meeting set for Feb. 24. The company’s market value stands near $3.9 trillion.
5 February 2026
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AMD stock price steadies after 17% wipeout as China AI-chip boost gets rechecked

AMD stock price steadies after 17% wipeout as China AI-chip boost gets rechecked

AMD shares rose 1.3% to $202.82 in early Thursday trading, rebounding after a 17.3% plunge the previous day. The company’s Q1 revenue forecast, factoring in lower MI308 shipments to China, signals a slight sequential decline. AMD reported $10.3 billion in Q4 revenue, boosted by $390 million in China AI-chip sales. The company also filed an amended annual report after finding a disclosure error.
5 February 2026
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Tesla stock drops nearly 4% as Volkswagen takes Europe EV crown and tech selloff bites

Tesla stock drops nearly 4% as Volkswagen takes Europe EV crown and tech selloff bites

Tesla shares fell 3.8% to $406.01 in early New York trading Thursday after Volkswagen overtook Tesla in Europe’s battery-electric vehicle sales for 2025, according to JATO Dynamics. Tesla’s European registrations dropped 27% year-on-year, while UK January sales plunged 57%. Investors also weighed mixed signals from China and renewed U.S. regulatory scrutiny of self-driving technology.
5 February 2026
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Snap stock jumps in premarket after buyback plan, but revenue outlook trails Wall Street

Snap stock jumps in premarket after buyback plan, but revenue outlook trails Wall Street

Snap shares rose 6.3% in premarket trading after reporting a 10% jump in Q4 revenue to $1.72 billion and unveiling a $500 million buyback plan. The company forecast Q1 revenue below analyst estimates, citing continued weakness from large advertisers. Daily active users hit 474 million, down 3 million from last quarter. Snapchat+ subscriptions surged 71% to 24 million.
5 February 2026
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AMD’s plunge, Nvidia’s China chip talks and Alphabet’s AI spend plan: what’s driving AI stocks today

AMD’s plunge, Nvidia’s China chip talks and Alphabet’s AI spend plan: what’s driving AI stocks today

AMD shares plunged 17.3% after its outlook missed high expectations, while Super Micro Computer jumped 13.8% on a stronger revenue forecast. Nvidia’s planned H200 chip sale to ByteDance remains stalled over U.S. license terms. Alphabet projected 2026 capital spending of up to $185 billion, far above estimates. The Nasdaq fell 1.51% and the S&P 500 lost 0.51% on Wednesday.
5 February 2026
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Alphabet stock slides in premarket after Google flags $185 billion AI spending plan

Alphabet stock slides in premarket after Google flags $185 billion AI spending plan

Alphabet shares fell 1.9% in premarket trading Thursday after the company projected 2026 capital spending of $175–185 billion, far above prior years. Fourth-quarter revenue rose 18% to $113.8 billion, with Google Cloud revenue up 48%. Investors remain cautious as U.S. antitrust appeals prolong regulatory uncertainty.
5 February 2026
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Meta Stock Slides Again as Needham Warns of 10%-15% Downside on AI Spending

Meta Stock Slides Again as Needham Warns of 10%-15% Downside on AI Spending

Meta shares fell 3.3% Wednesday, closing near $669 after a 10% drop since Jan. 29. Investors are uneasy over Meta’s plan to boost AI spending, with 2026 capital expenditures projected at up to $135 billion, nearly double 2025 levels. Needham warns margins could shrink and the stock may fall further if growth slows. India’s Supreme Court may reinstate limits on WhatsApp data sharing amid an ongoing antitrust case.
5 February 2026
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Google’s $185B AI spending shock rattles stocks as Nasdaq slide spreads to Asia

Google’s $185B AI spending shock rattles stocks as Nasdaq slide spreads to Asia

Alphabet plans capital spending of $175–185 billion in 2026, far above analyst forecasts. Asian stocks fell sharply, with MSCI’s Asia-Pacific index down 1.8% and South Korea’s KOSPI off 3.9%. U.S. tech shares slid, dragging the Nasdaq down 1.5%. Investors await ECB and Bank of England policy decisions.
5 February 2026
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Stock Market Today

Walmart stock jumps to $131 as traders brace for CPI and Feb. 19 earnings

Walmart stock jumps to $131 as traders brace for CPI and Feb. 19 earnings

7 February 2026
Walmart shares rose 3.3% Friday to $131.18, up 10% since Jan. 30, as the Dow closed above 50,000 for the first time. The retailer’s market value crossed $1 trillion this week. Investors await January inflation data on Feb. 13 and Walmart’s quarterly results on Feb. 19 for signs of continued momentum.
Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

7 February 2026
Caterpillar shares surged 7.1% to $726.20 Friday, driving the Dow above 50,000 for the first time. The move erased recent losses and followed insider selling by Group President Bob De Lange earlier in the week. Deere and CNH Industrial also gained as investors rotated into industrial stocks. Markets await next week’s U.S. jobs and inflation data.
Amazon stock slides as $200B AI spending plan meets cautious profit outlook

Amazon stock slides as $200B AI spending plan meets cautious profit outlook

7 February 2026
Amazon shares fell 9% Friday after the company announced plans for $200 billion in 2026 capital spending, mainly for AWS and AI, and issued a first-quarter profit outlook below estimates. The stock drop could erase $200 billion in market value. Fourth-quarter net sales rose 14% to $213.4 billion, while free cash flow declined due to higher spending on AI infrastructure.
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