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Technology News 6 January 2026

AMD stock slips after CES AI chip push as Feb. 3 earnings comes into view

AMD stock slips after CES AI chip push as Feb. 3 earnings comes into view

New York, Jan 6, 2026, 16:38 EST — After-hours Advanced Micro Devices (AMD.O) shares fell 3.1% to $214.35 in after-hours trading on Tuesday, after the chipmaker showcased new AI products at the CES trade show and flagged Feb. 3 for its next earnings report. The stock traded between $211.30 and $223.87 in the regular session on volume of about 39.8 million shares. CES comes at a sensitive moment for the chip sector, with investors pressing for proof that new “accelerator” chips — processors built to train AI models and run them in real time — are turning into sustained sales.
6 January 2026
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Sandisk (SNDK) stock jumps nearly 28% as Nvidia CES storage push fuels memory rally

Sandisk (SNDK) stock jumps nearly 28% as Nvidia CES storage push fuels memory rally

New York, Jan 6, 2026, 4:22 PM EST — After-hours Sandisk Corp shares jumped 27.6% on Tuesday and were last up the same at $349.57 in after-hours trading, as investors piled into storage and memory names after Nvidia’s CES updates highlighted rising data-center storage needs for AI systems. Western Digital rose 16.8%, Seagate climbed 14.0% and Micron gained 10.0%. The stock traded between $281.59 and $352.36 in the session. Nvidia on Monday introduced an “Inference Context Memory Storage Platform” powered by its BlueField-4 data processor, saying AI models generate vast amounts of context data that must move quickly around a
6 January 2026
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Micron stock jumps 10% as Nvidia CES comments push MU to fresh highs

Micron stock jumps 10% as Nvidia CES comments push MU to fresh highs

New York, Jan 6, 2026, 16:12 EST — After-hours Micron Technology (MU.O) shares were up 10.1% at $343.72 near the end of the regular session on Tuesday. The stock traded between $314.83 and $344.30, with about 44 million shares changing hands. The move came as memory and storage technology stocks rallied after Nvidia CEO Jensen Huang, speaking at the Consumer Electronics Show in Las Vegas, described what Reuters called a new layer of storage technology. The PHLX semiconductor index, which tracks U.S.-listed chipmakers, hit an all-time high and was up about 8% in the first three trading sessions of 2026.
6 January 2026
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ServiceNow stock rises after Arete upgrade; Microsoft veteran Nowbar joins leadership

ServiceNow stock rises after Arete upgrade; Microsoft veteran Nowbar joins leadership

New York, January 6, 2026, 15:21 EST — Regular session ServiceNow shares rose on Tuesday after Arete upgraded the enterprise workflow software maker to “buy” from “neutral” and set a $200 price target, its estimate of where the stock could trade over the next year. ServiceNow stock was up 1.3% at $149.51 in afternoon trading. The upgrade lands as investors reassess software valuations early in 2026, after a year when many security and infrastructure names lagged the broader market. Piper Sandler analyst Rob Owens said he was “cautiously optimistic” on the group this year, but argued broad monetization of generative
6 January 2026
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Dow nears 50,000 as Nvidia CES remarks ignite SanDisk, Micron surge and lift Wall Street

Dow nears 50,000 as Nvidia CES remarks ignite SanDisk, Micron surge and lift Wall Street

NEW YORK, Jan 6, 2026, 15:16 EST U.S. stocks rose on Tuesday, lifting the Dow to a fresh record as chip and healthcare shares led gains. At about 2:30 p.m. ET, the Dow was up 1.02% at 49,476.54, while the S&P 500 gained 0.62% to 6,944.55 and the Nasdaq rose 0.61% to 23,537.96. SanDisk jumped 23% and Moderna climbed 10%; Argent Capital portfolio manager Jed Ellerbroek said he expects “a very strong earnings season for Big Tech” and higher capex, short for capital spending. Reuters The rally kept the S&P 500 within range of the record it set in late
6 January 2026
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Qualcomm stock rises as CES 2026 brings Google auto tie-up, Snapdragon X2 Plus AI PC push

Qualcomm stock rises as CES 2026 brings Google auto tie-up, Snapdragon X2 Plus AI PC push

New York, January 6, 2026, 15:13 ET — Regular session Qualcomm shares rose 3.4% to $182.25 in afternoon trading on Tuesday, after the chip designer rolled out new products and partnerships at CES 2026 in Las Vegas. The stock traded between $176.50 and $184.38 during the session. The CES headlines land at a key moment for Qualcomm as it tries to widen its growth engine beyond smartphone chips and licensing, with autos, PCs and industrial devices in focus. Investors have leaned into the theme that more computing is shifting to the “edge” — devices such as cars and laptops —
6 January 2026
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InterDigital (IDCC) stock slides 7% as Amazon patent fight and insider sale notice draw focus

InterDigital (IDCC) stock slides 7% as Amazon patent fight and insider sale notice draw focus

New York, January 6, 2026, 14:58 EST — Regular session InterDigital, Inc (IDCC) shares fell about 7.3% to $311.23 in afternoon trading on Tuesday after touching $309.30, giving back a chunk of Monday’s close at $335.84. The stock earlier traded as high as $336.22. The pullback matters because InterDigital’s business leans heavily on patent licensing, where court rulings and policy shifts can quickly change negotiating leverage and the pace of royalty collections. The company develops and licenses technology used across wireless, video and other markets. Tuesday’s decline stood out against a firmer tape, with the Nasdaq-100 tracking fund QQQ up
6 January 2026
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Salesforce stock rises as RBC lifts target to $290, AI bets back in focus for CRM shares

Salesforce stock rises as RBC lifts target to $290, AI bets back in focus for CRM shares

New York, January 6, 2026, 14:42 EST — Regular session Salesforce (CRM) shares climbed 2.6% to $262.82 in afternoon trading on Tuesday, tracking a broader bid for large-cap software names as investors leaned back into AI-linked trades. The move matters because sentiment in enterprise software has turned on a narrow question: which vendors can turn artificial intelligence into billable products without stalling core subscription growth. Salesforce sits near the center of that debate as it pushes AI “agent” tools aimed at automating customer-facing work. Rate bets are also back in play. Growth stocks tend to move with expectations for Federal
6 January 2026
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Cipher Mining (CIFR) stock slides in U.S. session as miner taps veterans for AI data-center push

Cipher Mining (CIFR) stock slides in U.S. session as miner taps veterans for AI data-center push

NEW YORK, Jan. 6, 2026, 15:06 (EST) — Regular session Shares of Cipher Mining Inc fell about 4% in afternoon trading on Tuesday after the bitcoin miner said it hired two industry veterans as it pushes further into artificial intelligence data centers and high-performance computing. The stock was down 3.9% at $17.46, with more than 20 million shares traded. markets.businessinsider.com The hires land as investors scrutinize which bitcoin miners can turn access to power and land into steadier revenue streams beyond crypto, a business where cash flow can swing sharply with coin prices and network competition. Cipher has been pitching
6 January 2026
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Adobe stock (ADBE) rises despite Jefferies downgrade as AI payoff comes under fresh scrutiny

Adobe stock (ADBE) rises despite Jefferies downgrade as AI payoff comes under fresh scrutiny

New York, Jan 6, 2026, 14:25 EST — Regular session Adobe Inc shares rose in afternoon trading on Tuesday, even after Jefferies cut its rating a day earlier, keeping the market’s focus on how fast the software maker can turn generative AI into paid growth. The stock was up 0.8% at $334.19 after swinging between $329.20 and $336.30. The move matters because Adobe’s valuation debate has narrowed to one question: will AI features lift revenue, or mainly defend share against cheaper tools that are spreading across creative work. A downgrade from a large brokerage can amplify that test early in
6 January 2026
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ALGM stock jumps 10% as Wells Fargo spotlights Allegro and new SiC power chips grab attention

ALGM stock jumps 10% as Wells Fargo spotlights Allegro and new SiC power chips grab attention

New York, Jan 6, 2026, 14:01 EST — Regular session Allegro MicroSystems (ALGM) shares jumped about 10% on Tuesday, with traders pointing to a bullish Wells Fargo call and a pair of fresh product announcements aimed at power systems for AI data centers and electric vehicles. The stock was up 10.5% at $31.43, after touching $32.33 earlier in the session. The move matters because investors have been quick to chase signs that the long inventory overhang across parts of the chip supply chain is easing. Allegro sells sensors and application-specific power chips used in autos and industrial gear, where customer
6 January 2026
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Nvidia China license rush meets CES chip blitz as AMD slides in AI stock trade

Nvidia China license rush meets CES chip blitz as AMD slides in AI stock trade

New York, Jan 6, 2026, 14:02 ET — Regular session Nvidia shares were little changed on Tuesday after Chief Financial Officer Colette Kress said U.S. officials were “working feverishly” on export licenses needed for the company to ship its H200 data-center chips to China, but timing remains unclear. Nvidia was up about 0.1% at $188.25 in afternoon trading. Reuters The remarks and product rollouts at the CES trade show have put a spotlight back on AI chip supply, export rules and the pace of data-center spending — variables that can swing expectations for 2026 earnings. The broader market was modestly
6 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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