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Technology News 16 January 2026

Intel stock price dips after-hours despite chip rally as Citi, RBC and Barclays reset the bull case

Intel stock price dips after-hours despite chip rally as Citi, RBC and Barclays reset the bull case

New York, January 16, 2026, 16:26 EST — After-hours Intel Corp shares ended Friday at $47.43, after fluctuating between $50.21 and $46.71 throughout the day, and later dipped to $46.96 in after-hours trading. (Yahoo Finance) The retreat comes just a week ahead of Intel’s upcoming earnings report, with the company set to hold its fourth-quarter 2025 earnings call on Jan. 22 at 2 p.m. Pacific time. (intc.com) The broader chip sector swung higher on Friday. Semiconductor shares drove Wall Street’s gains, with the iShares Semiconductor ETF climbing 2.1%. U.S. markets will close Monday for Martin Luther King Jr. Day. (Reuters)
16 January 2026
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AMD stock rises after Riot Platforms reveals $311 million data-center lease as traders look to Feb. 3 earnings

AMD stock rises after Riot Platforms reveals $311 million data-center lease as traders look to Feb. 3 earnings

New York, January 16, 2026, 16:16 EST — After-hours Advanced Micro Devices ended regular trading up 1.7% on Friday at $231.84. Traders also digested word from Riot Platforms that it has signed a 10-year data-center lease and services agreement with AMD expected to generate $311 million in contract revenue, with extensions that could take the total to about $1 billion. (Yahoo Finance) The tie-up lands at a time when investors are treating data-center capacity as a scarce resource, not a boring utility. It puts another spotlight on how chipmakers support AI workloads beyond selling processors. Semiconductor names have had a
16 January 2026
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Nvidia stock price edges up after Jefferies target hike as China chip rules stay in play

Nvidia stock price edges up after Jefferies target hike as China chip rules stay in play

New York, Jan 16, 2026, 16:02 EST — After-hours Nvidia shares finished slightly higher on Friday after Jefferies lifted its price target on the AI chip leader, with Wall Street still trying to map out what U.S.-China rules could mean for high-end chip sales in 2026. The muted move still matters. Nvidia is one of the market’s biggest bellwethers for artificial intelligence spending, and small shifts in expectations can ripple through chip peers and the broader tech complex. The stock had jumped more than 2% a day earlier as semiconductor names rose after a U.S.-Taiwan trade deal put chips back
16 January 2026
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Micron stock jumps nearly 8% on New York megafab move and insider buying

Micron stock jumps nearly 8% on New York megafab move and insider buying

NEW YORK, January 16, 2026, 16:15 EST — After-hours Shares of Micron Technology (MU.O) climbed 7.8%, ending Friday at $362.75, after reaching an intraday high of $365.59. Micron’s surge is key, placing it at the heart of the market’s current chip crunch—not processors, but memory. Traders are betting supply will remain tight despite shifting demand. Much of the discussion centers on High Bandwidth Memory, or HBM — a stacked DRAM placed near AI processors to speed up data transfer. This is one of the rare spots where buyers really can’t haggle much over price. On Friday, Micron officially broke ground
16 January 2026
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Apple stock price falls as India antitrust warning raises stakes for AAPL ahead of earnings

Apple stock price falls as India antitrust warning raises stakes for AAPL ahead of earnings

New York, Jan 16, 2026, 16:03 EST — After-hours Apple Inc shares slipped on Friday, ending regular trading down 1.1% at $255.43, and were little changed after the close. (StockAnalysis) The decline matters because Apple is one of the market’s biggest index weights, and investors are trying to decide what “good enough” looks like for mega-cap results later this month. Any fresh hit to services, where Apple posts some of its highest margins, can move the stock fast. This week’s tape has been jittery in pockets. Chip stocks have run, while some heavyweight tech names have struggled to keep up,
16 January 2026
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Microsoft stock rises after OpenAI’s ChatGPT ad test plan, as Europe probes loom

Microsoft stock rises after OpenAI’s ChatGPT ad test plan, as Europe probes loom

New York, January 16, 2026, 16:04 EST — After-hours Microsoft shares ended higher on Friday after Microsoft-backed OpenAI said it would start testing ads in ChatGPT, a shift that could open a new revenue line for one of the company’s most watched partners. (Reuters) The move lands as investors reassess how quickly AI products can pay for the data-center buildout behind them, with Microsoft’s own results due later this month. The stock market is also heading into a holiday break and a heavier stretch of earnings. (Reuters) Microsoft closed up 0.9% at $460.77. The S&P 500 and Nasdaq ended little
16 January 2026
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Astera Labs stock jumps on RBC call as traders size up the next catalyst

Astera Labs stock jumps on RBC call as traders size up the next catalyst

NEW YORK, Jan 16, 2026, 3:44 PM ET — Regular session Astera Labs shares jumped 4.8% to $182.80 in afternoon trading Friday following RBC Capital Markets’ debut coverage. The chip connectivity specialist received an Outperform rating and a $225 price target from RBC. The firm highlighted expected gains from retimer demand and the scaling up of the company’s Scorpio switches as near-term catalysts. (Investing.com) The timing is key as Wall Street grows pickier on AI-related semiconductor stocks following a strong rally and increasing concerns over bottlenecks. RBC analyst Srini Pajjuri noted that hyperscale spending should stay robust over the next
16 January 2026
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D-Wave Quantum stock price rises after insider filings; QBTS traders eye Qubits 2026 next

D-Wave Quantum stock price rises after insider filings; QBTS traders eye Qubits 2026 next

NEW YORK, Jan 16, 2026, 15:13 EST — During the regular session Shares of D-Wave Quantum Inc rose 1.1% to $29.03 on Friday afternoon, while the broader market remained mostly flat. Trading ranged from $28.29 to $30.12, with roughly 34 million shares exchanged. The move followed a batch of insider disclosures that surfaced late Thursday. Around here, even standard filings can spark a trade signal. Why it matters now: D-Wave occupies a niche spot among publicly traded quantum-computing firms, with its shares often seen as a barometer for investor mood. The company is working to expand beyond its core quantum
16 January 2026
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Cisco stock price edges up as CSCO sets Feb. 3 AI Summit with Nvidia’s Huang and OpenAI’s Altman

Cisco stock price edges up as CSCO sets Feb. 3 AI Summit with Nvidia’s Huang and OpenAI’s Altman

New York, Jan 16, 2026, 15:08 EST — Regular session Cisco Systems (CSCO.O) shares edged higher on Friday after the networking gear maker said it will hold its second annual AI Summit on Feb. 3, with Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman among the speakers. The stock was up about 0.2% at $75.42 in afternoon trading. (Cisco Newsroom) The announcement lands as investors keep pushing money toward the plumbing behind artificial intelligence — not just chips, but the networks that move data inside and between data centers. In its most recent quarterly call, CEO Chuck Robbins pointed
16 January 2026
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Seagate stock rises after Susquehanna drops bearish call; STX heads into an earnings test

Seagate stock rises after Susquehanna drops bearish call; STX heads into an earnings test

New York, January 16, 2026, 14:42 EST — Regular session Shares of Seagate Technology Holdings plc climbed 1.6% to $325.55 on Friday after Susquehanna bumped its rating to Neutral from Negative. The stock fluctuated between $321 and $335, with roughly 2.4 million shares changing hands—below the 30-day average of about 3.4 million. Susquehanna’s Mehdi Hosseini praised Seagate’s “near-flawless” execution of its heat-assisted magnetic recording (HAMR) rollout — a technique that uses heat to pack data more densely on disks — and raised his price target sharply to $280 from $150. (TipRanks) The shift came as chip-related stocks steadied Wall Street
16 January 2026
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Home Depot stock edges up as investors probe Flock Safety camera data; Wall Street lifts targets

Home Depot stock edges up as investors probe Flock Safety camera data; Wall Street lifts targets

New York, January 16, 2026, 14:15 EST — Regular session Home Depot shares nudged higher on Friday after investors submitted a proposal urging the retailer to evaluate privacy risks linked to its use of Flock Safety license-plate reader cameras. The push comes as ICE arrests near certain stores have sparked concern. Zevin Asset Management is leading the effort, which is set to be voted on at the company’s annual meeting in May. A Home Depot spokesperson said the company does not give federal law enforcement access and noted: “We cannot legally interfere with federal enforcement agencies, including preventing them from
16 January 2026
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Eaton stock jumps on HSBC upgrade as data-center power demand grabs the tape

Eaton stock jumps on HSBC upgrade as data-center power demand grabs the tape

New York, January 16, 2026, 13:50 EST — Regular session Eaton Corporation plc shares climbed roughly 3.6% to $345.36 in Friday afternoon trading following HSBC’s upgrade to Buy. The bank also lifted its price target on the power-management firm from $390 to $400. HSBC highlighted Eaton’s “diversified” portfolio and noted its clear “above-market growth prospects,” while downplaying concerns tied to recent softening in the AI supply chain. (TipRanks) This shift is significant since Eaton offers a liquid option for investors wanting exposure to data-center expansions without going after chipmakers. Much of the spending is routine stuff—switchgear, breakers, power distribution—but the
16 January 2026
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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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