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Technology News 3 February 2026

PayPal picks HP’s Enrique Lores as CEO as weak outlook, earnings miss send shares sliding

PayPal picks HP’s Enrique Lores as CEO as weak outlook, earnings miss send shares sliding

PayPal named Enrique Lores as CEO starting March 1, with Jamie Miller as interim CEO. Shares fell nearly 16% in pre-market trading after a weak 2026 profit outlook and disappointing holiday-quarter results. The company reported Q4 revenue of $8.7 billion and announced its first quarterly dividend of $0.14 per share, payable March 25.
Fusemachines stock jumps on IBM-partner deal — FUSE price action to watch before the bell

Fusemachines stock jumps on IBM-partner deal — FUSE price action to watch before the bell

Fusemachines shares fell 1.5% to $2.66 in premarket trading Tuesday after soaring 70.9% the previous session. The company announced a partnership with ModulAIre to deliver its AI Studio platform to enterprise clients using IBM systems. A filing showed Consilium Extended Opportunities Fund LP owns 13.61% of Fusemachines’ stock. Trading volume Monday exceeded 198 million shares.
Sandisk stock price: why SNDK is moving again today after a 15% jump

Sandisk stock price: why SNDK is moving again today after a 15% jump

Sandisk shares rose 2.9% in premarket trading Tuesday after a 15.4% surge Monday, last changing hands at $684.17. The company reported fiscal Q2 revenue of $3.03 billion, up 61% year over year, and forecast Q3 revenue between $4.40 billion and $4.80 billion. Traders cited tight memory supply and AI-driven demand as key factors. Sandisk will report next earnings on April 29.
Snowflake stock rises premarket after OpenAI deal, AI product rollout puts Feb. 25 earnings in focus

Snowflake stock rises premarket after OpenAI deal, AI product rollout puts Feb. 25 earnings in focus

Snowflake shares rose 1.3% to $193.22 in Tuesday’s premarket after announcing a $200 million partnership with OpenAI and new AI tools in London. The company will report fiscal 2026 earnings on Feb. 25. Jeremy Burton resigned from the board following Snowflake’s acquisition of Observe, Inc., with no disagreement cited. Executives are set to present at Morgan Stanley’s tech conference on March 3.
Teradyne stock jumps 23% in premarket after AI-driven outlook tops estimates

Teradyne stock jumps 23% in premarket after AI-driven outlook tops estimates

Teradyne shares jumped 22.8% to $306.50 in premarket trading after the company projected first-quarter revenue and adjusted EPS well above analyst estimates. The chip test-equipment maker reported a 44% rise in Q4 revenue to $1.083 billion, led by strong semiconductor test demand. Analysts cited AI-driven data center growth as a key factor. Teradyne’s earnings call is set for 8:30 a.m. ET Tuesday.
Hang Seng ends higher but tech slips: HSBC hits a new high as Tencent drags Hong Kong stocks

Hang Seng ends higher but tech slips: HSBC hits a new high as Tencent drags Hong Kong stocks

The Hang Seng Index closed up 0.2% at 26,834 on Tuesday, lifted by bank stocks as tech shares fell. HSBC gained 3.1% while Tencent dropped 2.9%. Retail sales in Hong Kong rose 6.6% in December to $35.0 billion, with online sales up 30.9%. China will raise its VAT on telecom services to 9% in 2026, prompting concerns from major telecom firms.
ST Engineering stock rises in Singapore as MRO upgrade and satellite plans keep earnings in focus

ST Engineering stock rises in Singapore as MRO upgrade and satellite plans keep earnings in focus

ST Engineering shares rose 1.2% to S$9.92 in Singapore afternoon trading after announcing expanded aircraft maintenance services and new satellite projects. The company unveiled a larger unmanned cargo drone at the Singapore Airshow and plans to launch a laser-communications satellite in late 2026. Full-year results are due before market open on Feb. 27.
Lynas Rare Earths share price jumps after Trump’s Project Vault shakes up rare earth supply talk

Lynas Rare Earths share price jumps after Trump’s Project Vault shakes up rare earth supply talk

Lynas Rare Earths shares rose 3.3% to A$15.25 Tuesday after Trump’s “Project Vault” mineral reserve plan and ahead of further White House comments. The stock rebounded from last week’s drop, when reports of a U.S. retreat from price floor talks triggered sharp losses across the sector. Japan recovered rare-earth-rich seabed mud, while TDK warned of Chinese export limits disrupting supplies. Lynas quarterly revenue rose to A$201.9 million despite lower output.
Xero share price jumps on AI push and fresh US payments numbers — here’s what investors watch next

Xero share price jumps on AI push and fresh US payments numbers — here’s what investors watch next

Xero shares rose 2.6% to A$96.10 after an investor briefing outlined AI and U.S. payments plans. The company expects Melio to reach adjusted-EBITDA breakeven by H2 FY28. BillPay payments revenue jumped 74% to NZ$158 million in FY25, while U.S. gross margin slipped to 38%. Xero will update its guidance framework with full-year results on May 14.
AppLovin stock rebounds after Google ‘Project Genie’ selloff as Feb. 11 earnings loom

AppLovin stock rebounds after Google ‘Project Genie’ selloff as Feb. 11 earnings loom

AppLovin shares rose 2.1% to $483.00 Monday and gained another 1% after hours, rebounding from Friday’s 17% plunge triggered by Google’s “Project Genie” launch. Analyst reports downplayed long-term risks from Alphabet’s AI tool, maintaining bullish ratings and high price targets. Volatility spiked as investors weighed AI’s impact on mobile gaming and awaited AppLovin’s Feb. 11 earnings report.
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Stock Market Today

Macquarie Group share price slips 2% after APRA eases liquidity curbs — what to watch next week

Macquarie Group share price slips 2% after APRA eases liquidity curbs — what to watch next week

7 February 2026
Macquarie Group shares fell 2.17% to A$207.83 Friday, marking a third straight decline as the ASX 200 slid 2%. Australia’s regulator trimmed liquidity requirements for Macquarie Bank after improvements in controls. Macquarie Asset Management announced two UK utility deals, including full ownership of Last Mile Infrastructure and the purchase of Energy Assets Group. Investors await Tuesday’s operational briefing.
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, 1:04 AM EST Crude Oil Prices Rise on Dollar Weakness, Geopolitical Tensions February 7, 2026, 12:52 AM EST. Crude oil prices edged higher on Friday, supported by a weaker U.S. dollar and escalating geopolitical risks in the Middle East. March WTI crude gained 0.41%, rebounding from early losses, while gasoline prices rose 1.38%. Doubts over a U.S.-Iran nuclear deal loom after reports of Iran's refusal to halt uranium enrichment, raising the risk of military action and potential disruption of vital shipping routes. Additionally, a surge in U.S. consumer
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.
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