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Technology News 28 January 2026

Lam Research earnings beat lifts LRCX after hours as forecast tops estimates

Lam Research earnings beat lifts LRCX after hours as forecast tops estimates

Lam Research shares rose about 2% in after-hours trading after fiscal Q2 results topped forecasts, with revenue up 22% to $5.34 billion and adjusted earnings at $1.27 per share. The company projected March-quarter revenue near $5.7 billion. China contributed 35% of quarterly revenue. The stock last traded at $248.62, up from $239.58 at the close.
28 January 2026
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IBM earnings beat on AI-driven software demand — but Red Hat slowdown is the catch

IBM earnings beat on AI-driven software demand — but Red Hat slowdown is the catch

IBM reported fourth-quarter revenue of $19.69 billion and adjusted earnings of $4.52 per share, both above Wall Street estimates. Software revenue reached $9.03 billion, driven by rising AI demand, while Red Hat’s growth slowed to 10%. The company’s AI “book of business” rose to $12.5 billion. Investors are pressing IBM for clearer 2026 revenue and cash-flow forecasts amid ongoing U.S. budget uncertainty.
28 January 2026
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Microchip (MCHP) stock jumps after BofA upgrade as chip rally widens

Microchip (MCHP) stock jumps after BofA upgrade as chip rally widens

Microchip Technology shares rose 7.6% to $80.87 by 3:15 p.m. EST Wednesday after Bank of America upgraded the stock to “buy” and raised its price target to $95. The move followed gains across chipmakers tied to AI data-center demand. Microchip will report quarterly results on Feb. 5. CEO Steve Sanghi sold 18,509 shares last week under a pre-set trading plan.
28 January 2026
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AST SpaceMobile stock price jumps 9% as traders refocus on BlueBird 7 launch timeline

AST SpaceMobile stock price jumps 9% as traders refocus on BlueBird 7 launch timeline

AST SpaceMobile shares surged 9% to $121.42 Wednesday afternoon on heavy volume, as investors eyed the late-February BlueBird 7 satellite launch and a 2026 commercial rollout. The company aims to deploy 45–60 satellites by year-end but faces skepticism over whether it can maintain the planned launch pace. Analyst Tim Farrar called the targets unrealistic if launches slow. Competition from SpaceX’s Starlink is intensifying.
28 January 2026
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Sandisk stock price jumps 8% as storage rally builds ahead of SNDK earnings

Sandisk stock price jumps 8% as storage rally builds ahead of SNDK earnings

Sandisk shares jumped 8.5% to $522.41 Wednesday as storage stocks surged after Seagate forecast stronger revenue on AI-driven data-center demand. Traders are positioning ahead of Sandisk’s fiscal Q2 results due Thursday. Sandisk has soared over 1,000% in six months, pushing its value to $69 billion. A new leveraged ETF tracking Sandisk also launched.
28 January 2026
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Nvidia stock price rises on China H200 nod as AI chip shares keep Wall Street near 7,000

Nvidia stock price rises on China H200 nod as AI chip shares keep Wall Street near 7,000

Nvidia shares rose 1.7% after China approved ByteDance, Alibaba, and Tencent to buy over 400,000 H200 AI chips, though no orders have been placed due to strict conditions. Intel and Micron led a rally in chip stocks as investors awaited Fed and Big Tech earnings. Micron announced a $24 billion memory chip plant in Singapore. SK Hynix and ASML both reported record results on AI demand.
28 January 2026
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Texas Instruments stock jumps nearly 10% as AI data-center demand lifts chipmakers

Texas Instruments stock jumps nearly 10% as AI data-center demand lifts chipmakers

Texas Instruments shares rose nearly 10% after forecasting stronger-than-expected first-quarter revenue, citing surging demand for analog chips in AI data centers. Seagate jumped almost 20% on a bullish storage outlook, while Intel gained close to 11%. Investors awaited the Federal Reserve’s policy decision and major tech earnings due Wednesday. ASML reported record Q4 orders and plans 1,700 job cuts.
28 January 2026
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Why Intuitive Machines (LUNR) stock is up today: NASA Artemis II tracking role, fresh $26 target

Why Intuitive Machines (LUNR) stock is up today: NASA Artemis II tracking role, fresh $26 target

Intuitive Machines shares surged 13% to $22.91 after announcing NASA selected it to help track the Artemis II mission, though no payments are involved. Trading volume topped 8.5 million shares by early afternoon. KeyBanc raised its price target to $26, maintaining an Overweight rating. Artemis II’s first launch window opens Feb. 6.
28 January 2026
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Applied Digital stock price slides as APLD gives back Nvidia-CoreWeave rally — what investors watch next

Applied Digital stock price slides as APLD gives back Nvidia-CoreWeave rally — what investors watch next

Applied Digital Corp shares fell 5.2% to $39.19 Wednesday after a recent surge tied to AI data-center demand and CoreWeave’s expansion. The drop followed Nvidia’s $2 billion investment in CoreWeave and news of a partnership to build over 5 gigawatts of AI data centers by 2030. Applied Digital recently broke ground on a new 430-megawatt campus. The company warned in filings that project delays could impact revenue.
28 January 2026
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Western Digital stock jumps 11% as storage shares rally on AI demand signals

Western Digital stock jumps 11% as storage shares rally on AI demand signals

Western Digital shares jumped 11.2% to $280.94 Wednesday, hitting a new intraday high of $281.61, as Seagate soared 19.7% on strong data-center demand signals. The S&P 500 topped 7,000 for the first time. Investors are watching Western Digital’s earnings report Thursday for updates on hard drive pricing and volumes. Mizuho raised its price target to $265, citing continued supply tightness.
28 January 2026
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Seagate stock jumps 21% after forecast beat as AI storage demand tightens

Seagate stock jumps 21% after forecast beat as AI storage demand tightens

Seagate Technology Holdings surged 21% to $448.79 after beating quarterly estimates and raising its outlook above Wall Street forecasts. The rally lifted storage peers and pushed the S&P 500 above 7,000. Seagate projected third-quarter revenue of about $2.9 billion and adjusted EPS of $3.40, both ahead of analyst expectations. Investors await further storage sector earnings Thursday.
28 January 2026
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Corning stock slides as traders digest Q1 outlook and Meta’s $6 billion fiber deal

Corning stock slides as traders digest Q1 outlook and Meta’s $6 billion fiber deal

Corning shares fell 3.2% to $106.18 by late morning Wednesday after volatile trading. The company reported fourth-quarter core sales up 14% to $4.41 billion and expects first-quarter core sales of $4.2–$4.3 billion, above estimates. Corning and Meta announced a U.S. data-center supply deal worth up to $6 billion, driving expansion in North Carolina.
28 January 2026
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Oracle stock price today: ORCL edges higher as TikTok outage and new cloud wins grab focus

Oracle stock price today: ORCL edges higher as TikTok outage and new cloud wins grab focus

Oracle shares rose 0.5% to $175.76 Wednesday morning after a 4.1% drop Tuesday. The company blamed a weekend TikTok outage on a weather-related power failure at a data center. California Governor Gavin Newsom said his office is reviewing TikTok’s moderation after the incident. Oracle also announced new cloud deals in Saudi Arabia and a planned cloud region in Kenya.
28 January 2026
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Intel stock price jumps nearly 10% as chip rally lifts INTC; CFO buy draws attention

Intel stock price jumps nearly 10% as chip rally lifts INTC; CFO buy draws attention

Intel shares jumped 9.6% to $48.16 by late morning Wednesday, rebounding from last week’s warning on AI chip supply and cautious outlook. The rally followed strong results from SK Hynix and ASML, lifting semiconductor stocks and pushing the S&P 500 above 7,000. CFO David Zinsner disclosed buying 5,882 shares at $42.50 each. Investors remain focused on Intel’s ability to meet demand and execute its foundry strategy.
28 January 2026
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Stock Market Today

AstraZeneca stock price: What could move AZN next week as earnings loom

AstraZeneca stock price: What could move AZN next week as earnings loom

7 February 2026
AstraZeneca shares rose Friday, closing at $193.03 in New York, up 3.1%, and 14,104p in London, up 0.9%. The company reports full-year and Q4 2025 results Tuesday, with investors focused on 2026 guidance. The FDA this week issued a complete response letter for a subcutaneous Saphnelo filing, while granting Priority Review to Datroway for breast cancer. AstraZeneca recently shifted its primary U.S. listing to the NYSE.
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