Technology News 5 January 2026

Western Digital (WDC) stock whipsaws as AI memory crunch drives storage trade

New York, January 5, 2026, 14:30 EST — Regular session Western Digital Corp shares reversed early gains on Monday as investors re-priced the crowded “AI infrastructure” trade across storage and memory-linked names. The stock was down 0.9% at $186.00 in afternoon trading, after rising as much as 4.3% and trading between $182.77 and $195.75. The swing matters now because traders have been treating storage as a levered bet on data-center buildouts, where AI workloads pull through both faster chips and more capacity to store the data they generate. When investors sense a tightening supply backdrop, they tend to move quickly

5 January 2026

Artificial Intelligence·Investing·NASDAQ:WDC·Stock Market·Technology

Marvell stock (MRVL) rises after Melius upgrade sets $135 target ahead of CES CEO chat

New York, January 5, 2026, 14:40 (EST) — Regular session Marvell Technology, Inc. shares rose on Monday after Melius Research upgraded the chipmaker, keeping the stock in positive territory after an early spike. The shares were up about 1.5% at $90.69 after opening at $93.08. The call matters because Marvell sits in the middle of the market’s debate over how long AI-driven data-center spending can stay strong in 2026. The company’s exposure to custom silicon — chips designed to one customer’s specifications — makes its growth outlook especially sensitive to big cloud customers’ buildout pace and product timing. Investors have

5 January 2026

Analyst Ratings·Company News·Investing·NASDAQ:MRVL·Stock Market·Technology

IBM stock climbs as Jefferies turns bullish and lifts target to $360

New York, Jan 5, 2026, 14:09 (EST) — Regular session International Business Machines (IBM.N) shares rose 1.6% to $296.24 in afternoon trading on Monday, after Jefferies upgraded the stock and RBC Capital raised its price target. The shares traded between $293.00 and $299.18 on the day. The upbeat calls land as Wall Street starts to reset 2026 expectations for enterprise software and spending on artificial intelligence tools. For IBM, the next test is whether its software and hybrid-cloud businesses can keep growing fast enough to justify a premium multiple. Jefferies upgraded IBM to Buy from Hold and raised its price

5 January 2026

Financial News·IBM·Investing·NYSE:IBM·Stock Market·Technology

SiTime stock slumps 9% after topping Wall Street targets, bucking chip rally

New York, Jan 5, 2026, 13:54 EST — Regular session SiTime Corp shares slid about 9% on Monday afternoon, reversing an earlier rise and wiping out a chunk of the timing-chip maker’s start-of-year gains. The Nasdaq-listed stock was down $33.46 at $336.50, after trading as high as $382 and as low as $333.33. The move matters because SiTime has become a high-beta way to play the semiconductor cycle, and investors are reassessing richly valued niche chip names as 2026 gets underway. A sharp intraday turn like Monday’s often signals fast money leaving crowded positions, even when the broader sector is

5 January 2026

Earnings Reports·Investment·NASDAQ:SITM·Semiconductors·Stock Market·Technology

Lumentum stock drops 8% in sharp reversal as optics peers slide; Feb. 5 earnings loom

New York, Jan 5, 2026, 13:11 (ET) — Regular session Shares of Lumentum Holdings Inc (LITE.O) fell 8.1% to $354.87 on Monday, after trading between $345 and $394.48 in a volatile session. About 4.2 million shares had changed hands by early afternoon. The slide puts one of the market’s most closely watched optics names back under pressure after a late-2025 run that pushed the stock toward record territory. The move matters now because expectations for AI-linked data-center optics have risen fast, and that leaves less tolerance for a softer outlook when companies next report. Optical components are laser-based parts that

5 January 2026

Earnings Reports·Investing·NASDAQ:LITE·Stock Market·Technology

ServiceNow stock rises after ex-Microsoft legal chief joins as president, even as Wall Street trims targets

New York, Jan 5, 2026, 13:21 EST — Regular session ServiceNow shares rose on Monday after the enterprise workflow software maker said it hired former Microsoft legal executive Hossein Nowbar as president and chief legal officer. The stock was up 0.6% at $148.38 in afternoon trading. TipRanks The appointment lands as investors weigh management execution more heavily in large-cap software, where share prices have swung sharply on changing views of corporate IT demand and the pace of new product monetization. ServiceNow has fallen about 29% over the past six months, Cantor Fitzgerald noted in a client update. Investing Analysts also

5 January 2026

Market News·NASDAQ:NOW·Stocks·Technology·Wall Street

Ciena stock sinks as optics rally cools; traders eye short-interest uptick and next catalysts

New York, Jan 5, 2026, 13:20 EST — Regular session Ciena Corp shares were down about 7.8% at $226.75 in midday New York trading on Monday, after touching $253.30 earlier in the session and then sliding to a low of $223.61. The move stood out against a firmer tape: the S&P 500 ETF and Nasdaq 100 ETF were both higher, while optical components maker Lumentum dropped about 7.7%, pointing to a broader unwind in parts of the AI-networking trade. Why it matters now is valuation. In a note published Monday, Zacks Equity Research highlighted Ciena’s premium multiple — a forward

5 January 2026

Investor Insights·Market Trends·NASDAQ:CIEN·NASDAQ:LITE·Stocks·Technology·Trading Strategies

AST SpaceMobile stock pops on AT&T beta satellite-to-phone plan — what investors watch next

New York, January 5, 2026, 12:53 (ET) — Regular session AST SpaceMobile shares climbed on Monday after AT&T said it plans to begin a beta “direct-to-device” satellite service in the first half of 2026 using AST’s network, a step investors have been waiting for as the company pushes toward commercial use. Light Reading The update matters now because AST is trying to prove it can scale from a handful of spacecraft to a working constellation that supports paying users. The stock has tended to swing with each milestone that tightens the link between launch progress and revenue timing. Light Reading

5 January 2026

Investment Strategies·NASDAQ:ASTS·NYSE:T·Stock Market·Technology·Telecom Industry

RIOT stock rises as bitcoin climbs; Riot’s data-center pivot and $500 million share-sale plan in focus

New York, January 5, 2026, 12:20 EST — Regular session Shares of Riot Platforms, Inc were up 2.4% at $14.50 by midday on Monday, tracking a roughly 2.5% rise in bitcoin to about $93,612. Trading volume topped 6.4 million shares. Riot is one of several U.S.-listed bitcoin miners whose shares often move more than the token itself, making the stock a higher-volatility proxy for crypto sentiment. That leverage works both ways when prices reverse. The bigger question for miners in early 2026 is whether they can reduce dependence on bitcoin’s cycle by building out large data centers for power-hungry computing

5 January 2026

Business News·Cryptocurrency·Investments·NASDAQ:CLSK·NASDAQ:COIN·NASDAQ:HUT·NASDAQ:MARA·NASDAQ:RIOT·Stocks·Technology

Applied Materials stock hits a fresh record — what’s driving AMAT’s outsized rally today

New York, January 5, 2026, 11:59 ET — Regular session Applied Materials (AMAT.O) shares were up about 6.7% at $286.96 on Monday, after touching an intraday record of $287.68. The chipmaking-equipment supplier is a lever on capital spending: it sells wafer-fab tools, the machines used to manufacture semiconductors, so sentiment can swing quickly with expectations for customer spending. Reuters The stock’s move tracked a sharp bid for the equipment group. Lam Research rose about 6.3% and KLA gained roughly 7.2%, while U.S.-listed ASML added nearly 6%. In Europe, ASML shares climbed after Bernstein upgraded the stock to “outperform” from “market

5 January 2026

Company News·Financial Analysis·Investing·NASDAQ:AMAT·Stock Market·Technology

Lam Research stock jumps 6% as chip-tool rally builds on BofA AI call ahead of CES

New York, January 5, 2026, 11:54 (EST) — Regular session Lam Research stock climbed about 6.4% to $196.90 in late-morning New York trading on Monday, valuing the chip equipment maker at about $162 billion. The shares touched $198.34 earlier in the session, market data showed. The move matters because investors treat chip-tool suppliers as a direct read on capital spending by chipmakers building capacity for AI workloads. Lam sells the machines used to etch and deposit materials on silicon wafers, a key step in making advanced chips and memory. Optimism got a lift from a Bank of America note on

5 January 2026

Artificial Intelligence·Investment·NASDAQ:LRCX·Semiconductors·Stock Market·Technology

AAOI stock slides 8% as Applied Optoelectronics gives back Friday rally on AI optics trade

New York, Jan 5, 2026, 11:30 a.m. ET — Regular session Applied Optoelectronics, Inc shares fell about 8% to $36.43 in late morning trade on Monday, after earlier touching $41.28. The Nasdaq-listed stock opened at $41.05 before sliding to session lows. The pullback lands as investors reprice a fast-moving “AI optics” theme, where small shifts in risk appetite can whipsaw suppliers of high-speed links inside cloud data centers. In December, the company said it received its first volume order for 800G data-center transceivers — optical modules that move data at 800 gigabits per second — from a major “hyperscale” customer,

5 January 2026

AI Trends·Company News·Investing·NASDAQ:AOI·Stock Market·Technology

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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026

LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:46 AM EST Sensex and Nifty Bounce Back Amid IT Sector Weakness, Eyes on US-India Trade Deal February 7, 2026, 12:46 AM EST. India's Sensex rose 0.3% to 83,580.40 and Nifty gained 0.2% to 25,693.7 on Friday, recovering from early losses. The Nifty IT index dropped 1.5%, extending a weekly fall of 5%, pressured by a global tech sell-off linked to rising AI spending and competition. Foreign investors bought equities worth ₹1,951 crore, while domestic institutions sold ₹1,265 crore. The market is cautiously awaiting details of the US-India

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

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

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.