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Technology News 5 February 2026 - 6 February 2026

Texas Instruments stock price: TXN edges up after-hours as $7.5 billion Silicon Labs deal sinks in

Texas Instruments stock price: TXN edges up after-hours as $7.5 billion Silicon Labs deal sinks in

Texas Instruments shares rose 0.5% in after-hours trading to $223.98 after announcing a $7.5 billion all-cash deal to acquire Silicon Labs for $231 per share, a 69% premium. The company plans to fund the purchase with cash and debt, targeting $450 million in annual cost cuts within three years. The deal requires regulatory and shareholder approval. TI will hold a capital management review webcast on Feb. 24.
6 February 2026
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IREN stock price slides after hours as Q2 loss hits and Microsoft GPU financing takes focus

IREN stock price slides after hours as Q2 loss hits and Microsoft GPU financing takes focus

IREN Limited shares fell 11% after hours Thursday to $39.79, tracking a sharp bitcoin selloff. The company posted a $155.4 million quarterly loss as bitcoin mining revenue dropped and non-cash charges weighed on results. IREN reported $2.8 billion in cash, a new $9.7 billion Microsoft GPU contract, and plans for a 1.6-gigawatt Oklahoma data center. Revenue from AI cloud services rose to $17.3 million.
6 February 2026
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Uber stock price today: UBER steadies after earnings, as robotaxi push meets fresh legal risk

Uber stock price today: UBER steadies after earnings, as robotaxi push meets fresh legal risk

Uber shares rose 1.7% to $75.21 in after-hours trading Thursday after reporting Q4 gross bookings of $54.1 billion, up 22%. The company announced a CFO transition and plans to expand robotaxi operations to up to 15 cities by 2026. A federal jury ordered Uber to pay $8.5 million in a key rider-safety lawsuit. Uber’s Q1 profit outlook missed analyst estimates.
6 February 2026
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Goldman Sachs stock slides after hours as AI-spending doubts rattle Wall Street — what GS investors watch next

Goldman Sachs stock slides after hours as AI-spending doubts rattle Wall Street — what GS investors watch next

Goldman Sachs shares fell 2.5% to $890.41 in after-hours trading Thursday, tracking a broader retreat in financial and tech stocks. Amazon dropped 4.4% during the session and another 10% after hours. Weekly U.S. jobless claims rose by 22,000 to 231,000. Goldman told clients equity hedge funds suffered their worst day in nearly a year as tech bets unwound.
6 February 2026
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Atlassian stock slides after Q2 results as CEO rejects ‘software is dead’ AI fears

Atlassian stock slides after Q2 results as CEO rejects ‘software is dead’ AI fears

Atlassian shares fell about 6% in after-hours trading after reporting a sharp drop in free cash flow to $168.5 million and forecasting Q3 revenue between $1.689 billion and $1.697 billion. The company posted a net loss of $42.6 million for the quarter. CEO Mike Cannon-Brookes defended the company’s AI strategy amid investor concerns over long-term demand for Jira and Trello.
5 February 2026
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AI Fears Hit Tech Stocks Again as Bitcoin Sinks and Wall Street Braces for Earnings

AI Fears Hit Tech Stocks Again as Bitcoin Sinks and Wall Street Braces for Earnings

U.S. stocks fell sharply Thursday as tech shares and crypto-related stocks slumped. The S&P 500 lost 1.2%, the Dow dropped 592 points, and the Nasdaq slid 1.6%. Bitcoin plunged over 12% below $64,000 after new jobs data sent Treasury yields lower. Alphabet’s plan to spend up to $185 billion on AI in 2026 triggered further selling in big tech.
5 February 2026
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Advanced Micro Devices AMD stock price slides after hours as forecast doubts linger and Nvidia looms

Advanced Micro Devices AMD stock price slides after hours as forecast doubts linger and Nvidia looms

AMD shares fell 3.9% to $192.46 in Thursday’s after-hours, following an 8% drop after the company forecast first-quarter revenue below market hopes. Fourth-quarter revenue hit a record $10.27 billion, up 34% year-over-year, but China sales drove much of the growth. Investors moved away from AI chip stocks amid Alphabet’s $185 billion capital spending plan and broader market declines.
5 February 2026
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Palantir stock extends two-day slide after hours as AI disruption fears keep traders defensive

Palantir stock extends two-day slide after hours as AI disruption fears keep traders defensive

Palantir Technologies’ stock fell 1.4% to $130.01 in after-hours trading Thursday, extending a two-day slide. The software and services sector has lost about $830 billion in market value since Jan. 28 as investors react to new AI product launches and uncertainty over business models. Palantir shares dropped 5.5% during the regular session and plunged 12% the previous day. Trading volume reached nearly 68 million shares.
5 February 2026
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Broadcom stock whipsaws as Google and Amazon crank up 2026 AI spending targets

Broadcom stock whipsaws as Google and Amazon crank up 2026 AI spending targets

Broadcom shares rose 0.8% to $310.47 in late trading Thursday after swinging between $306.78 and $326.44 during the session. Alphabet projected 2026 capex of $175–185 billion, while Amazon expects about $200 billion, intensifying focus on AI suppliers. Investors are awaiting Broadcom’s March 4 earnings for updates on AI chip margins and demand.
5 February 2026
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Nvidia stock price slips after hours as Amazon flags $200B capex and China chip talks drag on

Nvidia stock price slips after hours as Amazon flags $200B capex and China chip talks drag on

Nvidia shares fell 1.2% to $171.84 in after-hours trading Thursday. Amazon projected $200 billion in 2026 capital expenditures, topping Alphabet’s $185 billion target. Amazon stock dropped nearly 8% after its first-quarter operating income forecast missed expectations. Traders are watching U.S. export license details for China and Nvidia’s earnings report due February 25.
5 February 2026
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Microsoft stock sinks 5% after rare Stifel downgrade as AI spending nerves spread

Microsoft stock sinks 5% after rare Stifel downgrade as AI spending nerves spread

Microsoft shares fell 5.2% to $392.74 in after-hours trading Thursday, as heavy selling hit the software sector. Trading volume reached about 50.7 million shares. Stifel downgraded Microsoft to “Hold,” citing slowing Azure growth and rising competition. The S&P 500 software and services index dropped 3.1%, with sector losses nearing $1 trillion since Jan. 28.
5 February 2026
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Stock Market Today

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026
LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:25 AM EST Dollar Dips as Stocks Rally and US Data Influences Fed Rate Expectations February 7, 2026, 12:18 AM EST. The **dollar index** fell 0.17%, pressured by a rebound in equity markets reducing demand for the safe-haven currency. Weaker-than-expected U.S. labor market data raised the odds of a Fed rate cut to 18% for March, though consumer sentiment improved to a six-month high, limiting losses. Hawkish comments from Atlanta Fed's Raphael Bostic emphasized maintaining restrictive monetary policy. The dollar faces medium-term weakness amid expectations for rate cuts
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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