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Technology Stocks News 29 January 2026

AST SpaceMobile (ASTS) stock drops as rally cools and investors refocus on BlueBird 7

AST SpaceMobile (ASTS) stock drops as rally cools and investors refocus on BlueBird 7

AST SpaceMobile shares fell 4.5% to $115.73 by midday Thursday after a law firm announced an investigation into investor claims. The drop followed a volatile session, with the stock swinging from $123.52 to $113.40. Investors are focused on the late-February BlueBird 7 satellite launch and the March 3 earnings report.
ServiceNow stock price tumbles nearly 12% after earnings as NOW investors zero in on deals, AI agents

ServiceNow stock price tumbles nearly 12% after earnings as NOW investors zero in on deals, AI agents

ServiceNow shares fell nearly 12% Thursday after the company’s 2026 subscription revenue forecast topped estimates but failed to ease concerns over costly acquisitions. The stock closed at $114.40, down 11.7%. Analysts cut price targets as software valuations remain under pressure. ServiceNow reported Q4 subscription revenue of $3.47 billion and 244 deals over $1 million in new annual contract value.
Seagate (STX) stock price slips after record rally on AI-driven outlook — what to watch next

Seagate (STX) stock price slips after record rally on AI-driven outlook — what to watch next

Seagate shares fell 1.1% to $438.09 by late morning Thursday, after a 19% surge to a record high on strong earnings and AI-driven storage demand. The company projected March-quarter revenue of $2.90 billion and adjusted EPS of $3.40, beating analyst estimates. Nearline capacity is fully allocated through 2026, with pricing set to follow demand. The board declared a $0.74 dividend, payable April 8 to holders as of March 25.
Intel stock price slips after report-driven rally; Nvidia-Apple foundry chatter keeps INTC in focus

Intel stock price slips after report-driven rally; Nvidia-Apple foundry chatter keeps INTC in focus

Intel shares fell 2.5% to $47.54 in early New York trading Thursday, reversing an 11% surge on speculation of future foundry deals with Nvidia and Apple. CFO David Zinsner bought 5,882 shares at $42.50 each on Jan. 26, SEC filings show. Chip sector sentiment stayed firm after ASML posted record quarterly bookings. Investors are now watching Friday’s U.S. inflation data.
Joby Aviation (JOBY) stock slides premarket after $1.2 billion equity-and-convertible deal

Joby Aviation (JOBY) stock slides premarket after $1.2 billion equity-and-convertible deal

Joby Aviation shares fell nearly 14% in premarket trading Thursday after the company priced $600 million in stock at $11.35 per share and issued $600 million in convertible notes due 2032. The stock last traded near $11.50, down from $13.37 at Wednesday’s close. Joby said it will use proceeds for aircraft certification, manufacturing, and commercial launch preparations.
KLA (KLAC) stock edges up ahead of earnings as chip-tool signals roll in

KLA (KLAC) stock edges up ahead of earnings as chip-tool signals roll in

KLA shares rose 0.7% to $1,627.20 Wednesday and gained another 1.4% after hours ahead of its quarterly earnings report due Thursday. Analysts expect revenue near $3.26 billion and adjusted earnings around $8.80 per share. Evercore ISI raised its price target to $1,700. KLA’s results follow upbeat forecasts from ASML and Lam Research amid strong AI-driven chip demand.
Corning stock slides after earnings pop fades — GLW traders now eye Meta’s spending plan

Corning stock slides after earnings pop fades — GLW traders now eye Meta’s spending plan

Corning shares fell nearly 5% to $104.28 Wednesday, erasing part of Tuesday’s 15% surge after announcing a fiber-optic supply deal with Meta worth up to $6 billion. Investors shifted focus to Corning’s earnings outlook and the timing of Meta orders, despite the company forecasting first-quarter sales above estimates.
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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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