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Technology News 29 January 2026

Robinhood stock slides as bitcoin drops and SpaceX IPO talk runs into a tech selloff

Robinhood stock slides as bitcoin drops and SpaceX IPO talk runs into a tech selloff

Robinhood shares fell 3.4% to $99.88 by midday Thursday, tracking declines in crypto prices and U.S. tech stocks. Bloomberg reports Robinhood is vying for a retail allocation in a possible SpaceX IPO via its IPO Access program. A U.S. filing showed CTO Jeffrey Tsvi Pinner sold 5,864 shares through a pre-set plan. The stock had closed at $103.40 the previous day.
Applied Materials stock swings in Thursday trade as Mizuho upgrade meets tech selloff

Applied Materials stock swings in Thursday trade as Mizuho upgrade meets tech selloff

Applied Materials shares fell 0.9% to $333.80 Thursday despite a Mizuho upgrade and higher price target, as chip-equipment stocks traded mixed and the Nasdaq dropped 1%. About 7.7 million shares changed hands. The company released proxy materials for its March 12 shareholder meeting. Broader market weakness and policy risks, including U.S. export controls to China, continued to weigh on the sector.
NIO stock jumps as investors refocus on software, charging network and the next delivery update

NIO stock jumps as investors refocus on software, charging network and the next delivery update

NIO shares rose 3.6% to $4.76 in late morning New York trading Thursday after the company announced a new software update and reported nearly 99 million battery swaps completed. Traders are watching for January delivery figures and a confirmed date for the next earnings release. The stock rebounded from a 1.1% drop the previous day.
Western Digital stock slides ahead of earnings after Seagate rally — what’s next for WDC shares?

Western Digital stock slides ahead of earnings after Seagate rally — what’s next for WDC shares?

Western Digital shares fell 2.8% to $271.81 in early Thursday trading, paring Wednesday’s 10.7% rally ahead of its fiscal second-quarter results due after the U.S. market closes. Investors are watching for guidance on cloud storage demand and pricing. Seagate and Micron also slipped. Western Digital’s stock is up nearly 400% since November 2024.
GOOG stock drops from a record high as Alphabet faces an AI reality check before earnings

GOOG stock drops from a record high as Alphabet faces an AI reality check before earnings

Alphabet’s non-voting GOOG shares fell 2.5% to $328.00 after reaching a session high of $342.91. Google agreed to pay $135 million to settle a lawsuit over Android data collection, pending court approval. Microsoft shares plunged nearly 12% as Big Tech stocks slid on concerns about rising AI-related costs. Alphabet will report earnings on Feb. 4.
Oracle stock slides as Microsoft rout rattles software names; traders eye what’s next for ORCL

Oracle stock slides as Microsoft rout rattles software names; traders eye what’s next for ORCL

Oracle shares fell 5.6% to $163.09 Thursday, deepening a sector-wide selloff after Microsoft’s earnings stoked doubts about AI and cloud returns. The Nasdaq dropped 1% as software stocks slid. Oracle launched a new AI data platform for life sciences and secured a major cloud deal with IHG Hotels. A recent data center outage also disrupted TikTok users in the U.S.
Broadcom (AVGO) stock price drops nearly 2% as chip shares slide ahead of Apple earnings

Broadcom (AVGO) stock price drops nearly 2% as chip shares slide ahead of Apple earnings

Broadcom shares fell 1.9% to $326.92 in early New York trading Thursday, tracking declines across the semiconductor sector as investors weighed Big Tech’s AI spending against the Fed’s decision to keep rates elevated. Nvidia slipped 1.3%, Marvell dropped 4%, and chip ETFs lost about 1.6%. Apple’s earnings, due after the close, remain a key focus for Broadcom investors.
Microsoft stock slides 10% after earnings beat as Azure outlook, AI bill unsettle Wall Street

Microsoft stock slides 10% after earnings beat as Azure outlook, AI bill unsettle Wall Street

Microsoft shares fell about 10% Thursday after the company reported record AI-driven capital spending and forecast strong Azure growth. Quarterly revenue rose 17% to $81.3 billion, with cloud revenue up 39%. Investors focused on soaring costs, which climbed nearly 66% year-over-year. Apple is set to report earnings later Thursday.
Sandisk stock price rises ahead of earnings as AI storage trade stays in focus (SNDK)

Sandisk stock price rises ahead of earnings as AI storage trade stays in focus (SNDK)

Sandisk shares rose 1% to $532.99 Thursday morning ahead of its fiscal Q2 results due after market close. Seagate and Western Digital also gained, while Micron slipped. Analysts expect Sandisk to report $2.7 billion in revenue and $3.62 adjusted EPS. Investors are focused on the company’s outlook for NAND pricing and data-center demand.
Micron stock jumps again as DRAM squeeze talk returns — and Feb. 11 is the next test

Micron stock jumps again as DRAM squeeze talk returns — and Feb. 11 is the next test

Micron shares jumped 6% to $435.28 in early U.S. trading Thursday after Samsung and SK Hynix warned of tightening DRAM supply. Both companies said chipmakers are shifting production toward AI-focused memory, leaving PC and smartphone makers struggling to secure DRAM. Micron executives are set to speak at a Wolfe Research conference on Feb. 11. The Federal Reserve held rates steady Wednesday, offering no guidance on future cuts.
Nvidia stock jumps in premarket as CEO flags China H200 decision — what NVDA traders watch next

Nvidia stock jumps in premarket as CEO flags China H200 decision — what NVDA traders watch next

Nvidia shares rose 1.6% to $191.52 in premarket trading after CEO Jensen Huang said China is close to approving a license for the H200 AI chip. Beijing has allowed ByteDance, Alibaba, and Tencent to buy over 400,000 H200 chips under certain conditions, Reuters reported. Microsoft and Meta’s increased capital spending kept focus on AI chip demand and ongoing supply bottlenecks.
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Stock Market Today

Diageo share price slips into the weekend as investors eye Feb. 25 results

Diageo share price slips into the weekend as investors eye Feb. 25 results

7 February 2026
Diageo shares closed down 1.48% at 1,760 pence on Friday, trailing a 0.59% gain in the FTSE 100. An updated analyst consensus points to a 2.0% fall in first-half organic net sales ahead of interim results due Feb. 25. Trading volume was light, and the stock remains over 22% below its 52-week high.
National Grid share price: what to know before London reopens after BoE signal

National Grid share price: what to know before London reopens after BoE signal

7 February 2026
National Grid shares closed at 1,285 pence in London on Friday, up 0.23%. The Bank of England held rates at 3.75% after a close vote, signaling possible cuts if inflation falls. National Grid announced a wireless power transmission study with Space Solar and marked five years of IFA2 interconnector operations. Its U.S. ADR ended at $88.06, up $1.17.
BAE Systems share price rises into weekend — what to watch before Monday’s London open

BAE Systems share price rises into weekend — what to watch before Monday’s London open

7 February 2026
BAE Systems shares closed up 1.2% at 1,879 pence on Friday, tracking gains in European defence stocks. The company’s market value stands near £54.8 billion. Investors await BAE’s full-year results on Feb. 18 for updates on cash returns and orders. GXO Logistics renewed and expanded its contract to support BAE’s Type 26 frigate program in Scotland.
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