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Technology News 31 January 2026

Tech stocks face a Monday test after Trump taps Warsh for Fed as Big Tech earnings line up

Tech stocks face a Monday test after Trump taps Warsh for Fed as Big Tech earnings line up

Nasdaq fell 0.94% Friday, led by a 4.1% drop in semiconductor ETFs and losses in major tech stocks after a hotter-than-expected PPI report. The 10-year Treasury yield hovered near 4.25%. Apple projected strong March-quarter revenue growth, while Tesla rose 3.3% against declines in Meta and Nvidia. Investors now await earnings from Alphabet, Amazon, and AMD, plus the Feb. 6 U.S. jobs report.
Data center stocks drop before a packed week: what to watch for Equinix, Digital Realty, Vertiv

Data center stocks drop before a packed week: what to watch for Equinix, Digital Realty, Vertiv

Vertiv shares fell 4.5% and Arista Networks dropped 4.3% Friday as data center stocks slid, with the Global X Data Center ETF down 2.5%. The declines followed Microsoft’s cloud revenue miss and came ahead of key REIT earnings and the Feb. 6 U.S. jobs report. Broader markets also dropped after Donald Trump said he would nominate Kevin Warsh as Fed chair.
Big Tech stocks brace for Monday as Nvidia CEO vows ‘huge’ OpenAI investment and Apple’s iPhone rebound shows up

Big Tech stocks brace for Monday as Nvidia CEO vows ‘huge’ OpenAI investment and Apple’s iPhone rebound shows up

Nvidia CEO Jensen Huang said the company will make a “huge” investment in OpenAI but denied plans for a $100 billion deal. Amazon is in early talks to invest up to $50 billion in OpenAI, while SoftBank has discussed an additional $30 billion, sources told Reuters. Tech stocks fell Friday after Trump named Kevin Warsh as his Fed pick and producer prices rose. Tesla gained nearly 5% on SpaceX merger speculation.
Semiconductor stocks stumble after KLA rout — what to watch before Monday’s open

Semiconductor stocks stumble after KLA rout — what to watch before Monday’s open

The Philadelphia Semiconductor Index fell 3.9% to 7,998.47 Friday, led by a 15.2% plunge in KLA shares despite the company beating estimates. Apple warned of rising memory-chip costs, while investors weighed Trump’s pick of Kevin Warsh for Fed chair and a hotter producer-price report. Nvidia CEO Jensen Huang confirmed plans for a major OpenAI investment. Key chip earnings reports are due next week.
Netflix stock hovers near $83 as co-CEO Peters sells shares — what could move NFLX next week

Netflix stock hovers near $83 as co-CEO Peters sells shares — what could move NFLX next week

Netflix co-CEO Gregory K. Peters sold 105,781 shares for about $8.8 million Friday as the stock closed up 0.4% at $83.49. The sale comes ahead of a Feb. 3 Senate antitrust hearing on Netflix’s $82.7 billion all-cash bid for Warner Bros. Discovery. Paramount Skydance extended its rival bid deadline to Feb. 20.
Micron stock faces Monday test after Friday slide as Apple flags rising memory costs

Micron stock faces Monday test after Friday slide as Apple flags rising memory costs

Micron shares fell 4.8% to $414.88 on Friday after Apple warned of sharply rising memory prices. A company filing showed chief legal officer Ray Michael Charles sold 12,268 shares under a preset plan. Samsung and SK Hynix are shifting production to high-bandwidth memory, tightening DRAM supply. Analysts now expect global smartphone and PC sales to decline in 2026.
Tencent stock slips to HK$606 as China’s Nvidia H200 signal meets a rougher tape

Tencent stock slips to HK$606 as China’s Nvidia H200 signal meets a rougher tape

Tencent shares fell 2.57% to HK$606.00 Friday as Hong Kong’s Hang Seng Index dropped 2.08% amid a tech selloff and weak Chinese factory data. China’s January manufacturing PMI slipped to 49.3, signaling contraction. Beijing granted conditional approval for DeepSeek and major tech firms to buy Nvidia’s H200 AI chips. Hong Kong markets are closed for the weekend.
Samsung stock price in focus: What to watch after earnings as memory-chip squeeze hits phones

Samsung stock price in focus: What to watch after earnings as memory-chip squeeze hits phones

Samsung Electronics closed Friday at 160,500 won, down 0.1%, after posting record quarterly revenue of 93.8 trillion won and operating profit of 20.1 trillion won. The chip division drove results, but investors weighed rising memory costs and weaker demand for phones and PCs. Samsung plans to ship HBM4 memory and launch the Galaxy S26 this quarter. Shares remain about 1% below their 52-week high.
Broadcom stock price: AVGO heads into Monday after Wolfe upgrade spotlights Google’s TPU push

Broadcom stock price: AVGO heads into Monday after Wolfe upgrade spotlights Google’s TPU push

Broadcom shares rose 0.17% to $331.30 Friday, bucking declines in other chip stocks. Wolfe Research upgraded the stock to Outperform with a $400 target, citing momentum from Google’s TPU program. The Philadelphia Semiconductor Index fell 3.87%. U.S. jobs data is due Feb. 6; Broadcom’s earnings are expected March 5.
Google stock (GOOG) holds steady as Alphabet heads into earnings week with AI capex in focus

Google stock (GOOG) holds steady as Alphabet heads into earnings week with AI capex in focus

Alphabet Class C shares closed at $338.64 Friday, slipping to $338.53 after hours. Google launched “Project Genie,” an AI tool for creating interactive worlds, triggering sharp declines in videogame stocks. A federal judge rejected over $2 billion in new privacy penalties against Google. Investors await next week’s earnings and updates on AI spending.
Apple stock price: AAPL ended Friday at $259 — what investors watch before Monday

Apple stock price: AAPL ended Friday at $259 — what investors watch before Monday

Apple reported quarterly revenue up 16% to $143.8 billion and earnings per share of $2.84, citing record iPhone demand. Shares closed at $259.48, rising 0.46%, before slipping 0.19% after hours. The company bought back 93 million shares for $25 billion and acquired Israeli audio-AI startup Q.ai for $1.6 billion. Apple warned of rising memory costs and tighter DRAM supplies.
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Stock Market Today

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.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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