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Technology News 16 January 2026

IBM stock rises as ‘Sovereign Core’ puts AI data controls back in focus

IBM stock rises as ‘Sovereign Core’ puts AI data controls back in focus

New York, Jan 16, 2026, 1:12 PM (EST) — Regular session. International Business Machines (IBM) shares rose about 2.2% to $304.48 in midday trade on Friday, up $6.53 from the prior close. The stock ranged between $298.81 and $306.12 as the Nasdaq 100-tracking Invesco QQQ slipped and the SPDR S&P 500 ETF held near flat. The move comes as IBM pushes deeper into what it calls “digital sovereignty” — the fight over where data and AI workloads run, and who controls the systems and the rules around them. IBM introduced its “Sovereign Core” software on Thursday, pitching it for enterprises
16 January 2026
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Honeywell stock jumps after JPMorgan upgrade, with Quantinuum IPO in focus

Honeywell stock jumps after JPMorgan upgrade, with Quantinuum IPO in focus

New York, Jan 16, 2026, 13:33 EST — Regular session in progress. Shares of Honeywell International climbed roughly 2.4% on Friday, closing at $220.16. The industrial giant edged past its previous close as investors responded to a new bullish recommendation ahead of the company’s late-January outlook. This move is significant as Honeywell approaches a critical phase where it must provide clearer details on its breakup strategy and outline how each segment will perform independently. The stock, long viewed as a stable industrial play, is now being valued more on the timing, structure, and expense of its planned spin-offs. Friday’s jump
16 January 2026
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Super Micro (SMCI) stock jumps 10% as chip rally and options expiry collide

Super Micro (SMCI) stock jumps 10% as chip rally and options expiry collide

NEW YORK, Jan 16, 2026, 13:11 EST — Regular session Shares of Super Micro Computer surged $2.95, roughly 10%, to hit $32.37 in early afternoon action, after fluctuating between $29.62 and $32.44. Trading volume exceeded 44 million shares, far surpassing its typical levels. The rally snapped the AI server maker out of a rough patch that hit many high-beta tech stocks. It happened on a key day: monthly options contracts expire, often stirring sharp intraday swings both ways. The reason this matters now is straightforward. Super Micro usually acts as a barometer for data-center spending and often outpaces the broader
16 January 2026
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Nebius stock rises as Morgan Stanley starts coverage and ClickHouse funding puts stakes back in focus

Nebius stock rises as Morgan Stanley starts coverage and ClickHouse funding puts stakes back in focus

New York, January 16, 2026, 12:57 PM EST — Regular session underway. Nebius Group N.V. shares climbed roughly 3.9% to $107.89 by midday Friday. The stock swung between $100.80 and $110.47 during the session, with about 9.8 million shares changing hands. This move keeps the Nasdaq-listed AI infrastructure player in focus as traders chase momentum in “compute” stocks. The race for power, chips, and rapid expansion is the real story—and it shifts fast. Fresh coverage plays a key role here. It can sharpen the debate over what investors are actually paying for now compared to what they’re being asked to
16 January 2026
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Oklo (OKLO) stock jumps as traders eye Meta nuclear campus timeline and insider sales

Oklo (OKLO) stock jumps as traders eye Meta nuclear campus timeline and insider sales

NEW YORK, Jan 16, 2026, 12:38 EST — Regular session Oklo Inc. shares climbed 2.9% to close at $94.14 on Friday, after fluctuating between $89.37 and $96.64 during the day. This move is significant as Oklo has turned into a high-beta play on the “power for AI” theme. Big tech firms are scrambling to secure long-term electricity contracts, pushing the market to revalue all assets linked to new energy generation. Sentiment is shifting quickly. Oklo dipped Wednesday amid a drop in U.S. stocks, though its slide was mild compared to the wider market selloff. (The Motley Fool) Oklo’s key driver
16 January 2026
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Riot Platforms stock jumps on AMD Texas data-center lease that could reach $1 billion

Riot Platforms stock jumps on AMD Texas data-center lease that could reach $1 billion

New York, Jan 16, 2026, 12:04 PM ET — Regular session Riot Platforms (RIOT) shares surged Friday following news that the bitcoin miner secured a long-term data-center lease with Advanced Micro Devices and acquired the land beneath a crucial Texas location. The stock climbed 12.6% to $18.65. The deal is significant as Riot aims to grow revenue streams beyond bitcoin mining, which can be volatile due to bitcoin’s price fluctuations and shifts in mining “difficulty”—the network rule that ramps up the computing power required to mine new coins. It also throws a big-name customer into a long-running debate among public
16 January 2026
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Super Micro Computer (SMCI) stock jumps 7% as chip rally broadens — what traders watch next

Super Micro Computer (SMCI) stock jumps 7% as chip rally broadens — what traders watch next

New York, January 16, 2026, 11:59 EST — Regular session Super Micro Computer shares jumped Friday, lifted by a rally in chip-related stocks that boosted the AI server maker. By 11:59 a.m. ET, SMCI was trading 7.4% higher at $31.60, swinging between $29.62 and $32.20. More than 35 million shares changed hands. The market remains driven by semiconductors, where memory-chip stocks pushed gains higher and the iShares Semiconductor ETF jumped 2.1%. U.S. markets will be closed Monday for Martin Luther King Jr. Day. Investors are bracing for a busier earnings week ahead, with Intel among the key reports to watch.
16 January 2026
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Constellation Software hits 52-week low: investors probe the deal-driven growth story

Constellation Software hits 52-week low: investors probe the deal-driven growth story

Toronto, January 16, 2026, 10:52 EST Constellation Software’s shares fell to a new 52-week low in Toronto trading on Wednesday, extending a steep pullback as investors questioned how long its acquisition-heavy growth model can keep compounding at a premium valuation. The stock touched C$3,001.11 and was down 6.3% at C$3,008.19 by mid-afternoon, according to market data cited by TS2.tech. (TechStock²) The drop matters because Constellation is a heavyweight on Canada’s main index and a bellwether for “buy-and-build” software companies—firms that rely on frequent deals to grow. When a stock like this slides hard, it can reset expectations for the whole
16 January 2026
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Alphabet GOOG stock drops as AI copyright fight flares — what Wall Street watches next

Alphabet GOOG stock drops as AI copyright fight flares — what Wall Street watches next

NEW YORK, Jan 16, 2026, 10:37 (EST) — Regular session Alphabet’s Class C shares fell Friday, retreating from recent peaks as investors weighed a fresh legal challenge linked to Google’s AI training alongside growing skepticism toward expensive megacaps. The non-voting shares dropped $3.16, roughly 0.9%, to $330.00 in early trading. The decline arrives as certain investors shift focus away from the AI surge, searching for new leaders to emerge. Angelo Kourkafas, senior global investment strategist at Edward Jones, noted, “There is a lot of hope that this is going to be the year where we are going to see some
16 January 2026
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Oracle stock price slips again as bondholder lawsuit keeps AI debt fears in play

Oracle stock price slips again as bondholder lawsuit keeps AI debt fears in play

New York, Jan 16, 2026, 10:42 EST — Regular session Oracle shares slipped roughly 1% to $188 Friday morning, as investors grappled with fallout from bondholders suing the company over alleged disclosure lapses connected to its sizable debt issuance for AI expansion. (Reuters) The case arrives amid a market already bracing for a surge in borrowing from the biggest AI infrastructure spenders. Barclays is forecasting a rise in U.S. corporate bond issuance in 2026. Meanwhile, a BofA Securities report highlighted Amazon, Alphabet’s Google, Meta, Microsoft, and Oracle as the “Big Five” group that saw a sharp increase in bond sales
16 January 2026
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Sandisk stock price rises again as analysts lift targets; what SNDK investors watch next

Sandisk stock price rises again as analysts lift targets; what SNDK investors watch next

New York, Jan 16, 2026, 10:22 EST — Regular session Sandisk Corp shares edged up 1.1% to $413.71 in morning trading on Friday, bouncing between $405.39 and $437.30 earlier in the session. The stock has become a rapid-fire stand-in for the memory market, as investors bet on AI data centers squeezing supply of crucial chips. NAND, a flash memory type found in solid-state drives and smartphones, is the focal point here, since its prices tend to swing sharply when inventories run low. Retail investors have driven much of the recent rally. Sandisk saw retail net inflows exceed $7.1 million in
16 January 2026
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Broadcom stock price rises as chip rally returns — China curbs and RBC call in focus

Broadcom stock price rises as chip rally returns — China curbs and RBC call in focus

New York, Jan 16, 2026, 10:14 EST — Regular session Broadcom Inc shares were up 1.8% at $349.27 on Friday morning, after trading as high as $352.94, as chip stocks helped lift Wall Street at the open. (Reuters) The timing matters because semiconductors have taken the wheel again in a market that has been quick to punish anything tied to big capital spending. Taiwan Semiconductor Manufacturing Co’s forecast-beating results and a plan to lift 2026 capital spending — money set aside for factories and equipment — have been read as fresh evidence that AI hardware demand is still pulling. (Reuters)
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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