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Technology News 5 January 2026

Broadcom stock drops as chip ETFs rise; traders parse CES AI cues and Friday jobs report

Broadcom stock drops as chip ETFs rise; traders parse CES AI cues and Friday jobs report

New York, January 5, 2026, 16:09 ET — After-hours Broadcom Inc (AVGO) shares fell about 2% on Monday to close at $340.71 after a volatile session that took the stock from an early high near $355 to an intraday low around $336, according to Yahoo Finance data. Chip ETFs — exchange-traded funds that track baskets of semiconductor stocks — finished higher, leaving Broadcom behind the group. Yahoo Finance That underperformance matters at the start of 2026 because investors are still trying to price the durability of the data-center buildout for artificial intelligence, a spending cycle that has pulled chip valuations
5 January 2026
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KLA Corporation stock jumps 6% as chip-equipment rally builds ahead of Nvidia CES keynote

KLA Corporation stock jumps 6% as chip-equipment rally builds ahead of Nvidia CES keynote

New York, Jan 5, 2026, 15:44 EST — Regular session KLA Corp (KLAC.O) shares rose about 6.4% to $1,356 in afternoon trading on Monday, after touching an intraday high of $1,371.82 and setting up for a record closing high. Morningstar The move matters because chip-equipment stocks often act as a real-time gauge of expectations for semiconductor factory spending, which can swing quickly with demand signals. The Philadelphia Semiconductor Index was up about 1% on the day, pointing to a broader bid for the sector rather than a single-stock story. Investors were also positioning ahead of the Consumer Electronics Show (CES),
5 January 2026
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Uber stock slips on Melius “Sell” call as robotaxi competition looms in 2026

Uber stock slips on Melius “Sell” call as robotaxi competition looms in 2026

New York, January 5, 2026, 15:27 ET — Regular session Uber Technologies, Inc. shares were down 1.9% at $81.30 in afternoon trading on Monday, after Melius Research downgraded the ride-hailing company to “sell” with a $73 price target. “Even with Uber’s position, AV competition is set to rise in 2026 and beyond,” Melius analyst Conor Cunningham wrote, referring to autonomous vehicles, or self-driving cars. Streetinsider The call is landing at the start of a year when investors are trying to gauge how quickly robotaxis move from pilots into broader commercial service. That matters for Uber because self-driving fleets could change
5 January 2026
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Qualcomm stock rises on Google auto AI tie-up, Snapdragon X2 laptop push at CES 2026

Qualcomm stock rises on Google auto AI tie-up, Snapdragon X2 laptop push at CES 2026

New York, January 5, 2026, 15:02 EST — Regular session Qualcomm Incorporated shares rose on Monday after the chip designer and Alphabet’s Google broadened their automotive partnership at CES in Las Vegas. The stock was up about 1.7% at $175.96 in afternoon trade, after rising as much as 3.4% earlier. The announcements matter because Qualcomm is trying to deepen its foothold outside handsets, where demand can swing sharply with upgrade cycles. Automakers and Windows PCs are longer-cycle markets, and investors tend to reward visibility when it comes with big-platform partners and repeatable software revenue. CES is also an early-year litmus
5 January 2026
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Jabil stock slides on Hanley Energy buy: what the $725 million AI data center deal means for JBL

Jabil stock slides on Hanley Energy buy: what the $725 million AI data center deal means for JBL

New York, January 5, 2026, 14:54 EST — Regular session Shares of Jabil Inc fell about 7% on Monday after the electronics manufacturing services provider said it had completed its purchase of data center power specialist Hanley Energy Group. The stock was down 7.3% at $222.90, after swinging between $248.88 and $222.86. Business Wire The move matters because investors have treated the “AI trade” as a cash-flow story as much as a growth story: companies that can convert data-center demand into durable margins and cash generation have been rewarded. Big, cash-funded deals can change that math fast. For Jabil, the
5 January 2026
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Western Digital (WDC) stock whipsaws as AI memory crunch drives storage trade

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

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

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

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

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

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

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
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Stock Market Today

BBAI stock jumps 16% into BigBear.ai share-vote week — what to watch next

BBAI stock jumps 16% into BigBear.ai share-vote week — what to watch next

7 February 2026
BigBear.ai Holdings shares surged 15.7% Friday to $4.72 ahead of a key shareholder vote on doubling authorized shares to 1 billion. Options trading was heavy, with a put/call ratio of 0.19. The company recently announced deals in AI customs technology and a partnership with Abu Dhabi’s AD Ports Group. The special meeting is set for Feb. 18, with online voting open until late Feb. 17.
American Airlines stock jumps nearly 8% as airlines rally — what to watch next week

American Airlines stock jumps nearly 8% as airlines rally — what to watch next week

7 February 2026
American Airlines shares jumped 7.6% to $15.24 Friday, rebounding with a broad rally that sent the Dow past 50,000 for the first time. Investors are watching the carrier’s battle with United at Chicago O’Hare, where a summer capacity surge could trigger a fare war. American also announced new Philadelphia–Porto service for 2027 and launched a centennial inflight menu.
Apple stock price ends week higher as Dow hits 50,000; jobs and CPI loom next

Apple stock price ends week higher as Dow hits 50,000; jobs and CPI loom next

7 February 2026
Apple closed up 0.8% at $278.12 Friday, then slipped 0.3% after hours. The S&P 500 jumped 1.97% and the Nasdaq rose 2.18% as chipmakers rallied, while Amazon fell 5.6% on higher capex guidance. Investors await U.S. jobs data Feb. 11 and CPI Feb. 13. Apple’s next dividend is $0.26 per share, payable Feb. 12.
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