Palantir stock dips despite Hyundai expansion as Reuters sources peg deal in “hundreds of millions”

Shares of Palantir Technologies slipped 0.4% to $170.33 by 10:31 a.m. EST, after earlier dipping to $164.62. The drop followed news of a major software contract with South Korea’s HD Hyundai, reportedly worth hundreds of millions over several years, according to a source familiar with the deal. Palantir declined to disclose terms. The companies are set to announce the agreement at the World Economic Forum in Davos, where CEO Alex Karp expressed he’s “very bullish” on Korea but emphasized the need to “selectively engage abroad” given the company’s strong position in America.

NASDAQ:PLTR · Stock Market · Technology
Amazon taps Rio Tinto’s low-carbon “Nuton” copper for AWS data centers as AI buildout bites

Amazon taps Rio Tinto’s low-carbon “Nuton” copper for AWS data centers as AI buildout bites

Rio Tinto and Amazon Web Services struck a two-year deal to provide “low-carbon” copper, produced using Rio’s Nuton technology, for components in AWS data centers across the U.S., the companies announced. Amazon’s Chief Sustainability Officer Kara Hurst described the move as “a fundamentally different approach” to copper production.
20 January 2026
·····
AST SpaceMobile stock barely budges after Deutsche Bank lifts target to $137

AST SpaceMobile stock barely budges after Deutsche Bank lifts target to $137

AST SpaceMobile shares slipped 0.2% to $115.59 in early Tuesday trading, bouncing within a range from $107.69 to $118.92. Deutsche Bank boosted its price target on the Nasdaq-listed satellite company to $137 from $81, maintaining a “Buy” rating. The firm pointed to a richer valuation multiple and accelerated long-term growth assumptions in its outlook.
20 January 2026
···
Intel stock slides premarket despite HSBC upgrade as tariff jitters hit tech

Intel stock slides premarket despite HSBC upgrade as tariff jitters hit tech

Intel shares dropped 2.8% to $46.96 in premarket trading Tuesday, despite HSBC upgrading the chipmaker from “Reduce” to “Hold” and lifting its price target to $50 from $26. The bank highlighted stronger demand for general-purpose server CPUs linked to “agentic AI” workloads and noted increased foundry activity, though it cautioned that uncertainties persist.
20 January 2026
··
Micron’s $1.8B Taiwan fab deal taps an “unprecedented” AI memory crunch

Micron’s $1.8B Taiwan fab deal taps an “unprecedented” AI memory crunch

Micron Technology revealed plans to buy Powerchip Semiconductor Manufacturing Corp’s P5 fab in Tongluo, Taiwan, for $1.8 billion in cash. This move underscores Micron’s confidence that demand for dynamic random access memory—used mainly in computers and servers—will keep outstripping supply. Shares of Powerchip surged nearly 10% after the announcement. The acquisition brings about 300,000 square feet of cleanroom space to Micron and aims to increase DRAM wafer production starting in the second half of 2027. The deal should wrap up by Q2 2026, subject to regulatory approval. TrendForce projects the initial capacity phase could account for more than 10% of Micron’s global output by Q4 2026. CEO Sanjay Mehrotra warned the tightness in the market might persist past 2026 as Samsung Electronics and SK Hynix boost output of high-bandwidth memory chips designed for AI accelerators.
20 January 2026
····
1 … 160 161 162 163 164 … 305
Follow on Google News
Add as preferred source Open in Google News

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Kodiak Gas Services

NYSE:KGS • Energy infrastructure 88/100 • ★★★★☆
#2 STRONG BUY

Neurocrine Biosciences

NASDAQ:NBIX • Healthcare 87/100 • ★★★★☆
#3 STRONG BUY

Alphabet Class A

NASDAQ:GOOGL • Communication services 85/100 • ★★★★☆
#4 BUY ON WEAKNESS

Applied Materials

NASDAQ:AMAT • Semiconductor equipment 84/100 • ★★★★☆
#5 ACCUMULATE

JPMorgan Chase

NYSE:JPM • Financials 80/100 • ★★★★☆
View full portfolio
Editorial model selection. Not personalised advice.