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Technology 6 February 2026 - 7 February 2026

Palo Alto Networks stock snaps back after sharp slide as NextWave overhaul lands before earnings

Palo Alto Networks stock snaps back after sharp slide as NextWave overhaul lands before earnings

Palo Alto Networks shares closed up 2.9% at $159.32 on Friday, recovering part of Thursday’s 7.2% drop. The company announced a revamped NextWave partner program focused on bundled security platforms. Software stocks rebounded with the broader market after heavy losses earlier in the week. Investors await Palo Alto’s Feb. 17 earnings for signs of demand and margins.
7 February 2026
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AST SpaceMobile stock bounces late Friday as AT&T plays down Amazon Leo threat and a new 2x short ETF hits tape

AST SpaceMobile stock bounces late Friday as AT&T plays down Amazon Leo threat and a new 2x short ETF hits tape

AST SpaceMobile shares jumped 9.1% to $101.79 Friday after a volatile week, with 15.9 million shares traded. AT&T said it will use Amazon Leo’s satellite network to reach business customers outside its terrestrial footprint but stated this will not affect its partnership with AST. A new 2x short ETF tied to ASTS, ticker ASTN, began trading on Cboe. AST’s next “BlueBird 7” satellite launch is set for late February on Blue Origin’s New Glenn.
7 February 2026
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Super Micro (SMCI) stock jumps, but SEC filing flags margin squeeze and customer concentration

Super Micro (SMCI) stock jumps, but SEC filing flags margin squeeze and customer concentration

Super Micro Computer shares jumped 11.4% to $34.38 Friday, then slipped 0.9% after hours. Quarterly sales rose 123% to $12.68 billion, but gross margin dropped to 6.3%. Tariff costs, inventory write-downs, and dependence on a single customer weighed on results. The company disclosed an SEC subpoena and a March 12 court date in a securities case.
7 February 2026
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MRVL stock jumps as Marvell filing clears 24.2 million Celestial AI shares for resale

MRVL stock jumps as Marvell filing clears 24.2 million Celestial AI shares for resale

Marvell Technology shares jumped 8.2% to $80.28 Friday, with 22.6 million shares traded, after filing to register over 24 million shares for resale linked to its Celestial AI acquisition. Marvell will not receive proceeds from the resale. The company completed the $1 billion deal this week, adding about 27 million diluted shares outstanding. Chip stocks rebounded as investors bet on strong AI-driven demand.
7 February 2026
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Snowflake stock rebounds 7% after AI-software jitters; SNOW earnings next big test

Snowflake stock rebounds 7% after AI-software jitters; SNOW earnings next big test

Snowflake shares jumped 7.5% to $168.43 on Friday, recovering part of a three-day slide that saw the stock drop from $190.68 to $156.71. The rebound follows the company’s move to offer Anthropic’s Claude Opus 4.6 on its Cortex AI platform. Investors are watching for Snowflake’s quarterly results on Feb. 25 amid ongoing volatility in software stocks.
7 February 2026
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Uber stock slips after 1,200-robotaxi Middle East expansion, legal overhang lingers

Uber stock slips after 1,200-robotaxi Middle East expansion, legal overhang lingers

Uber and WeRide plan to deploy at least 1,200 robotaxis in Abu Dhabi, Dubai, and Riyadh by 2027. Uber shares closed down 0.6% at $74.77 Friday after a volatile week, falling about 8% since Monday. The company faces legal pressure after a U.S. jury ordered it to pay $8.5 million in a driver assault case. CFO Prashanth Mahendra-Rajah will step down Feb. 16, replaced by Balaji Krishnamurthy.
7 February 2026
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Qualcomm stock price steadies after earnings shock on memory crunch — what traders watch next

Qualcomm stock price steadies after earnings shock on memory crunch — what traders watch next

Qualcomm shares closed up 0.8% at $137.34 Friday and were flat after hours as investors weighed a weak outlook tied to a global memory chip shortage. The company forecast fiscal Q2 revenue below Wall Street estimates and warned the supply crunch could last through 2027. CFO Akash Palkhiwala sold shares on Feb. 6 under a pre-arranged plan.
7 February 2026
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KLA stock jumps 8% on Friday rebound as chip gear rallies; dividend set for March

KLA stock jumps 8% on Friday rebound as chip gear rallies; dividend set for March

KLA shares jumped 8.4% to $1,442.95 Friday, rebounding after a volatile week as investors bought chip-equipment stocks tied to data-center spending. The move followed Amazon’s forecast for higher AI-related capital outlays. KLA’s board declared a $1.90 quarterly dividend, payable March 3 to holders as of Feb. 17. U.S. jobs and inflation data next week may test the rally in rate-sensitive tech.
7 February 2026
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Salesforce (CRM) stock ticks up after hours as AI jitters fade — Feb. 25 earnings are the next test

Salesforce (CRM) stock ticks up after hours as AI jitters fade — Feb. 25 earnings are the next test

Salesforce shares rose 0.8% to $191.35 in after-hours trading Friday after a turbulent week for software stocks. The S&P 500 Software & Services index gained 2.4% but ended the week down 8%, its worst since March 2020. Investors are watching for Salesforce’s quarterly and full-year results on February 25 amid concerns that new AI tools could pressure older software products.
7 February 2026
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Western Digital stock jumps nearly 9% — WDC rally turns on targets, AI storage talk

Western Digital stock jumps nearly 9% — WDC rally turns on targets, AI storage talk

Western Digital shares jumped 8.6% to $282.58 in after-hours trading Friday after Cantor Fitzgerald raised its price target to $420 following the company’s Innovation Day. The stock rebounded alongside gains in tech and storage peers. CEO Irving Tan sold 17,201 shares worth about $5.1 million on Feb. 2 under a pre-arranged plan. Investors await jobs and CPI data next week.
7 February 2026
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CoreWeave stock price jumps 20% as CRWV rebounds on ARENA launch, earnings date looms

CoreWeave stock price jumps 20% as CRWV rebounds on ARENA launch, earnings date looms

CoreWeave shares surged 20% to $89.95 in after-hours trading Friday after the company launched its ARENA platform for testing AI workloads at scale. Volume exceeded 36 million shares. The move follows a rough week for the stock and comes ahead of CoreWeave’s earnings report on Feb. 26. A regulatory filing showed Chief Development Officer Brannin McBee sold shares on Feb. 2 under a prearranged plan.
7 February 2026
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Google stock price slips after-hours as Alphabet’s $185 billion AI spending plan stays in focus

Google stock price slips after-hours as Alphabet’s $185 billion AI spending plan stays in focus

Alphabet Class C shares fell 2.5% to $323.10 in after-hours trading Friday, trailing gains in major U.S. stock benchmarks. The company told investors it expects 2026 capital expenditures of $175–185 billion, far above analyst forecasts. Some analysts warned the spending could cut free cash flow by over 90%. Google Cloud revenue rose 48% to $17.7 billion in the December quarter.
6 February 2026
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Broadcom stock jumps 7% as Big Tech’s AI spending plans revive chip trade

Broadcom stock jumps 7% as Big Tech’s AI spending plans revive chip trade

Broadcom shares jumped 7% to $332.92 in after-hours trading Friday, outpacing other large tech stocks as chipmakers rallied. Alphabet projected 2026 capital spending of up to $185 billion, while Amazon outlined a $200 billion outlay, both focused on AI infrastructure. Amazon shares fell after its announcement. Investors weighed strong AI hardware demand against concerns over surging costs.
6 February 2026
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Dow Hits 50,000 as Nvidia Jumps and Amazon’s $200B AI Capex Plan Whipsaws Markets

Dow Hits 50,000 as Nvidia Jumps and Amazon’s $200B AI Capex Plan Whipsaws Markets

The Dow Jones Industrial Average closed above 50,000 for the first time Friday, rising 2.24% to 50,005.78, led by gains in Nvidia and Caterpillar. The S&P 500 climbed 1.73% and the Nasdaq rose 1.91%. Amazon and Alphabet’s plans for record AI spending unsettled markets earlier in the week but investors returned to tech stocks. Bitcoin, gold, and oil prices held steady after Thursday’s selloff.
6 February 2026
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