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Technology News 29 January 2026 - 30 January 2026

Snowflake stock slides nearly 8% in software rout; traders brace for next catalyst

Snowflake stock slides nearly 8% in software rout; traders brace for next catalyst

Snowflake shares fell 7.7% to $199.37 Thursday, tracking a sharp selloff in software stocks amid fears that AI could disrupt subscription-based models. The S&P 500 Software and Services Index dropped 8.7% to a nine-month low. Snowflake’s recent launch of an energy-focused data package failed to offset sector-wide concerns. No new financial results were released by the company this week.
30 January 2026
Palo Alto Networks stock drops after Chronosphere deal closes, with earnings next in focus

Palo Alto Networks stock drops after Chronosphere deal closes, with earnings next in focus

Palo Alto Networks shares fell 4.8% to $174.85 Thursday after closing its $3.35 billion acquisition of observability firm Chronosphere. The stock edged up to $176.20 in after-hours trading. Investors are watching for Palo Alto’s Feb. 12 earnings report for updates on integration and the deal’s impact.
Adobe stock tumbles after hours as AI disruption fears hit software names

Adobe stock tumbles after hours as AI disruption fears hit software names

Adobe shares fell 2.7% to $291.65 in late trading Thursday, hit by a broader selloff in software stocks after weak guidance from SAP and a post-earnings drop in ServiceNow. Investors cited concerns over AI disrupting subscription software revenue. About 7.4 million Adobe shares traded hands. Traders are watching Friday’s U.S. economic data and Adobe’s next earnings report, set for March 12.
AppLovin stock price rises 5% after hours — Meta ad read-through and Feb. 11 earnings loom

AppLovin stock price rises 5% after hours — Meta ad read-through and Feb. 11 earnings loom

AppLovin shares rose about 5% to $569.24 in after-hours trading Thursday, following Meta’s strong earnings and upbeat ad outlook. Around 5.3 million shares changed hands as traders looked ahead to AppLovin’s Feb. 11 earnings report. The company faces ongoing regulatory scrutiny and recently denied allegations from a short-seller.
Broadcom (AVGO) stock price slips after tech wobble — AI spending nerves are back

Broadcom (AVGO) stock price slips after tech wobble — AI spending nerves are back

Broadcom shares slipped 0.8% to $330.73 in after-hours trading Thursday, after a volatile session saw the stock dip nearly 4%. Microsoft’s disappointing cloud revenue and rising costs dragged tech stocks lower, with the Nasdaq falling 0.7%. Apple’s earnings beat expectations, briefly lifting sentiment. Broadcom’s next earnings report is set for early March.
30 January 2026
Advanced Micro Devices (AMD) stock price holds near $252 after hours as AI spending jitters set up Feb. 3 earnings

Advanced Micro Devices (AMD) stock price holds near $252 after hours as AI spending jitters set up Feb. 3 earnings

AMD shares slipped 0.2% to $252.18 in after-hours trading Thursday after a volatile session. The stock moved between $241.06 and $260.22 on volume of 31.4 million shares. Investors weighed Big Tech’s rising AI spending and concerns over immediate returns. AMD will report quarterly earnings after the close on Feb. 3.
ServiceNow stock sinks 10% after earnings as AI disruption fears batter software

ServiceNow stock sinks 10% after earnings as AI disruption fears batter software

ServiceNow shares fell nearly 10% in after-hours trading Thursday, dropping to $113.14 despite raising its 2026 subscription revenue forecast above Wall Street estimates. The sell-off followed broader declines in software stocks amid concerns that new AI tools could disrupt cloud-based subscription models. ServiceNow recently closed its $7.75 billion Armis acquisition and announced a $5 billion share buyback.
Western Digital stock whipsaws after earnings as Seagate effect keeps AI storage trade in focus

Western Digital stock whipsaws after earnings as Seagate effect keeps AI storage trade in focus

Western Digital reported a 25% rise in quarterly revenue and forecast fiscal Q3 sales near $3.2 billion, citing strong demand for high-capacity hard drives in data centers. Adjusted earnings reached $2.13 per share, with free cash flow at $653 million. Shares slipped 0.5% after hours, despite climbing 15.6% over the past week. The company announced a 12.5-cent dividend, payable March 18.
Apple Earnings Blow Past Forecasts as iPhone Sales Hit Record in $143.8 Billion Quarter

Apple Earnings Blow Past Forecasts as iPhone Sales Hit Record in $143.8 Billion Quarter

Apple reported record quarterly revenue of $143.8 billion and net income of $42.1 billion, driven by iPhone sales of $85.3 billion and Services revenue of $30.0 billion. The company’s installed base surpassed 2.5 billion devices. Shares rose 0.6% in late trading before results, though the stock remains down about 10% from December highs. Mac and Wearables revenue both declined year over year.
29 January 2026
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Stock Market Today

Kenvue stock price holds near $18 as Kimberly-Clark deal math tightens — what to watch next week

Kenvue stock price holds near $18 as Kimberly-Clark deal math tightens — what to watch next week

7 February 2026
Kenvue shares closed Friday at $18.13, up 0.33%, with about 63.5 million shares traded. The Kimberly-Clark offer values Kenvue at roughly $18.76 per share, leaving a deal spread of about 3%. Both companies’ shareholders approved the merger, which is expected to close in the second half of 2026 pending regulatory approvals. Kenvue’s dividend record date is Feb. 11, with earnings due Feb. 17.
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