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Technology News 28 January 2026

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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Lumentum stock keeps running — traders circle Feb. 3 earnings and a March OFC briefing

Lumentum stock keeps running — traders circle Feb. 3 earnings and a March OFC briefing

Lumentum Holdings shares rose 3.9% to $385 Wednesday, extending a two-day rally to nearly 16% with trading volume at 4.0 million shares. The company will hold an investor briefing at the OFC conference in Los Angeles on March 17. A new 2x leveraged ETF tied to Lumentum began trading this week ahead of its Feb. 3 earnings release.
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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Stock Market Today

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

7 February 2026
Nvidia surged 7.8% Friday, leading a chip stock rally that pushed the Dow above 50,000 for the first time. The PHLX semiconductor index gained 5.7% as Advanced Micro Devices rose 8.3% and Broadcom 7.1%. Amazon fell 5.6% after projecting $200 billion in 2026 capital spending. Investors weighed a $600 billion AI infrastructure outlay against sharp losses in software shares.
Glencore share price steadies after Rio Tinto walks away — what to watch next week

Glencore share price steadies after Rio Tinto walks away — what to watch next week

7 February 2026
Glencore shares closed up 0.6% at 478.1 pence Friday, rebounding after a 7% drop following the collapse of merger talks with Rio Tinto. The company is expected to announce the sale of its Kazzinc stake soon and has signed a non-binding agreement with Orion for a potential $9 billion deal in the DRC. Investors await Glencore’s full-year results on Feb. 18 for further guidance.
RELX share price slides again as AI fears linger, results next week in focus

RELX share price slides again as AI fears linger, results next week in focus

7 February 2026
RELX closed down 4.6% at 2,145 pence in London on Friday, capping a volatile week ahead of its Feb. 12 full-year results. The company bought back 465,361 shares even as selling continued amid investor concerns over AI risks and pricing power. Peers Wolters Kluwer and Thomson Reuters also faced pressure. Markets await RELX’s outlook for 2026 trading.
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