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Technology 3 February 2026 - 4 February 2026

SMCI stock steadies premarket after Super Micro lifts FY2026 sales outlook to $40 billion

SMCI stock steadies premarket after Super Micro lifts FY2026 sales outlook to $40 billion

Shares of Super Micro Computer, Inc. edged up about 0.1% to $29.67 in early Wednesday trading after the company boosted its fiscal 2026 revenue forecast to a minimum of $40.0 billion. The San Jose-based server maker posted December-quarter net sales of $12.7 billion. Gross margin, which reflects earnings after direct costs, dipped to 6.3%.
Seagate STX stock price rises again as CEO Mosley’s 20,000-share sale hits SEC filing

Seagate STX stock price rises again as CEO Mosley’s 20,000-share sale hits SEC filing

Shares of Seagate Technology Holdings plc climbed $11.25, roughly 2.6%, to settle at $444.45 on Tuesday, after fluctuating between $424.61 and $458.87 during the session. According to a U.S. Securities and Exchange Commission filing, CEO William D. Mosley sold 20,000 shares on Feb. 2 in several transactions, with prices ranging from $401.10 to $434.3067.
Western Digital stock jumps after $4 billion buyback boost and 100TB drive roadmap

Western Digital stock jumps after $4 billion buyback boost and 100TB drive roadmap

Western Digital Corporation shares jumped 7.4% to $290.24 in after-hours trading Tuesday, following the company’s announcement of an additional $4.0 billion share buyback authorization. During the session, the stock fluctuated between $272.11 and $296.27. The company said it could repurchase shares either on the open market or privately, including through a Rule 10b5-1 prearranged trading plan, and retains the option to pause or halt the program at any time.
4 February 2026
Dow Jones slips 167 points on AI disruption fears; Alphabet, Amazon earnings next

Dow Jones slips 167 points on AI disruption fears; Alphabet, Amazon earnings next

The Dow Jones Industrial Average dropped 166.67 points Tuesday, closing down 0.34% at 49,240.99 as tech and software stocks came under pressure amid renewed worries about AI squeezing profit margins. “We’re seeing a lot of software companies across the spectrum get hit,” said Art Hogan, chief market strategist at B. Riley Wealth. The S&P 500 fell 0.84% to 6,917.81, while the Nasdaq slid 1.43% to 23,255.19. Merck bucked the trend, rising 2.2% after reporting results, and PepsiCo surged 4.9% following announcements of price cuts on brands like Lay’s and Doritos.
AI disruption fear drags Nasdaq lower as Alphabet, Amazon earnings loom

AI disruption fear drags Nasdaq lower as Alphabet, Amazon earnings loom

U.S. stocks fell on Tuesday as investors worried that artificial intelligence would create new rivals for software makers and squeeze margins. The S&P 500 fell 1.46% and the Nasdaq dropped 2.17%, with Nvidia, Microsoft, Alphabet and Amazon sliding ahead of earnings from Alphabet on Wednesday and Amazon on Thursday. Art Hogan at B. Riley Wealth said some software names “may well be disrupted by AI,” while John Campbell of Allspring Global Investments said the market had “expectations … really high.”
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AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Xylem

NYSE: XYL 95 / 100
#2 BUY

AerCap

NYSE: AER 93 / 100
#3 BUY ON WEAKNESS

Visa

NYSE: V 90 / 100
#4 TACTICAL BUY

Chevron

NYSE: CVX 87 / 100
#5 ACCUMULATE

UPS

NYSE: UPS 84 / 100
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Editorial model selection. Not personalised advice.