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Technology News 16 January 2026

Intel stock treads water as Citi upgrade meets TSMC-fueled chip rally

Intel stock treads water as Citi upgrade meets TSMC-fueled chip rally

New York, January 16, 2026, 10:06 a.m. ET — Regular session Intel shares edged up 0.1% to $48.35 Friday morning, holding firm following a solid rally that has drawn renewed attention from traders. Timing is key. Chip stocks have shifted on signs that demand for artificial-intelligence hardware remains steady, as investors gear up for a packed slate of U.S. earnings reports set to challenge high expectations. Intel’s shares edged up roughly 3 cents by 10:06 a.m. ET, fluctuating between $48.14 and $50.15 during the session. After Taiwan Semiconductor Manufacturing Co’s positive comments this week, the broader chip sector found new
16 January 2026
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Intel stock slips as analyst tone shifts ahead of earnings

Intel stock slips as analyst tone shifts ahead of earnings

New York, Jan 16, 2026, 09:41 EST — Regular session Shares of Intel Corp (INTC) slipped 0.8% to $48.32 in early Friday trading, hitting the brakes after a strong rally earlier this year. The pullback arrives as investors debate if the upbeat sentiment around Intel’s turnaround can last until next week’s earnings, with a focus on its contract chipmaking efforts. Intel has surged 31% in 2026, but some money managers note a sharp shift in mood. “It’s back from the dead,” said Kim Forrest, chief investment officer at Bokeh Capital Partners. (The Business Times) Citi raised Intel to Neutral from
16 January 2026
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Micron stock jumps as insider buy and $100 billion New York buildout grab attention

Micron stock jumps as insider buy and $100 billion New York buildout grab attention

New York, Jan 16, 2026, 09:36 ET — Regular session Micron Technology, Inc. shares (MU.O) jumped roughly 6% early Friday, lifted by a wider rally in memory-chip stocks following a director’s multi-million dollar stock buy and new specifics on the company’s upcoming New York “megafab” project. The stock last traded $20.18 higher at $356.81. This shift is significant as memory makers now offer a purer play on AI-driven hardware demand, sidestepping the overcrowded mega-cap names. High-bandwidth memory remains a bottleneck in AI servers, so any indication that supplies remain constrained usually ripples across the entire memory sector. Retail investors have
16 January 2026
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Apple stock price steadies near $258 as India antitrust warning hangs over AAPL

Apple stock price steadies near $258 as India antitrust warning hangs over AAPL

NEW YORK, Jan 16, 2026, 09:33 (EST) — Regular session Apple Inc shares edged up 0.1% to $258.43 in early Friday trading, bouncing back from a low of $257.15. The company’s market cap hovered around $3.01 trillion. The stock has come under fresh pressure after India’s competition watchdog issued a final warning, saying it will move forward with an antitrust case if Apple doesn’t respond by next week, according to a confidential order. The Competition Commission of India criticized Apple for repeated delays, calling them a breach of “procedural discipline.” Apple, meanwhile, has expressed concerns about a potential fine reaching
16 January 2026
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Microsoft stock slips as Italy probes Activision game sales and Swiss watchdog eyes Microsoft 365 fees

Microsoft stock slips as Italy probes Activision game sales and Swiss watchdog eyes Microsoft 365 fees

New York, January 16, 2026, 09:37 EST — Regular session Microsoft Corp shares slipped Friday after Italy’s competition authority launched probes into sales practices at its Activision Blizzard division, piling on fresh regulatory pressure in Europe. Early trading saw shares dip roughly 0.6% to $456.66. (Reuters) The timing couldn’t be more awkward. The probes come as Microsoft gears up to report quarterly results later this month, with investors focused on Azure growth, Copilot adoption, and the costs tied to AI data centers. (Source) There’s also a tape issue at play. Investors have been shifting away from last year’s mega-cap tech
16 January 2026
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Nvidia stock price rises today as China H200 rules and an insider sale hit the tape

Nvidia stock price rises today as China H200 rules and an insider sale hit the tape

NEW YORK, Jan 16, 2026, 09:33 EST — Regular session Nvidia (NVDA.O) shares gained roughly 2% in early Friday trading, climbing $3.82 to $187.05. The focus shifts once again to China, where any policy change can rapidly alter expectations for Nvidia’s top-tier AI chips. Traders scrutinize each adjustment in export rules, gauging how much growth is already factored into prices versus what remains to come. Chip stocks ended a volatile week mostly higher, ahead of Monday’s U.S. market holiday for Martin Luther King Jr. Day. Linh Tran, senior market analyst at XS.com, noted that “any further upside will likely depend
16 January 2026
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AMD stock price rises early as TSMC outlook lifts chipmakers, with tariffs hanging over AI chips

AMD stock price rises early as TSMC outlook lifts chipmakers, with tariffs hanging over AI chips

New York, January 16, 2026, 09:33 ET — Regular session Advanced Micro Devices (AMD) shares climbed about 2% to $227.92 in early Friday trading, lifted by strength in the semiconductor sector. The rally came after contract chipmaker TSMC reported a record quarterly profit and forecasted a nearly 30% jump in 2026 revenue, backed by a hefty $52 billion to $56 billion capital-spending plan this year. “While the likes of Nvidia, Broadcom and AMD fight it out for chip supremacy, TSMC ultimately benefits as the key manufacturer of all their chips,” said Ben Barringer, head of technology research at Quilter Cheviot.
16 January 2026
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Amazon stock price edges higher after AWS copper deal — what AMZN traders are watching next

Amazon stock price edges higher after AWS copper deal — what AMZN traders are watching next

Seattle, Jan 16, 2026, 06:36 PST — Premarket Amazon.com shares edged up 0.7% to $238.18 in premarket Friday, building on a small gain from earlier this week as investors reacted to a new supply-chain initiative from its cloud division. The spark came from an agreement positioning Amazon Web Services to purchase copper mined in Arizona through a newer extraction method. It’s a minor headline, yet it cuts right into the debate over the costs of expanding AI-era data centers. Copper serves as essential plumbing at these sites — powering cabling, busbars, and heat sinks — and demand is shifting from
16 January 2026
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Tesla stock slips as U.S. safety probe on Full Self-Driving gets a new deadline

Tesla stock slips as U.S. safety probe on Full Self-Driving gets a new deadline

New York, January 16, 2026, 09:33 EST — Regular session underway Tesla shares slipped in early Friday trading after U.S. auto safety regulators gave the company extra time to respond to a federal investigation into its Full Self-Driving system. The extension prolongs regulatory uncertainty around a crucial element of Tesla’s investor appeal: its software and driver-assistance features, which promise recurring revenue as the electric-vehicle market evolves and price cuts take effect. With earnings less than two weeks away, the timing is far from ideal. The National Highway Traffic Safety Administration pushed back Tesla’s deadline for critical responses to Feb. 23.
16 January 2026
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authID (AUID) stock price dips in premarket after a 72% surge on ServiceNow integration news

authID (AUID) stock price dips in premarket after a 72% surge on ServiceNow integration news

New York, January 16, 2026, 08:46 EST — Premarket update. Shares of authID Inc slipped 11% to around $1.52 in premarket action on Friday, pulling back from Thursday’s surge. The Nasdaq-listed stock had soared 72.3% to close at $1.71 the previous day, on volume nearing 295 million shares. Its market capitalization stands near $26 million. (StockAnalysis) authID unveiled an integration with ServiceNow that lets contact-center agents authenticate callers through biometrics—like face scans—before approving account changes or risky transactions. The company says this rollout targets over 8,400 ServiceNow-powered contact centers worldwide, including clients representing 85% of the Fortune 500. It’s now
16 January 2026
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Nutanix stock steadies in premarket after Barclays downgrade; Needham talk looms

Nutanix stock steadies in premarket after Barclays downgrade; Needham talk looms

New York, January 16, 2026, 08:37 EST — Premarket Nutanix (NTNX) shares ticked up 0.04% to $48.69 in premarket trading Friday, following a 5.38% drop to $48.67 in the prior session. The stock has fallen roughly 27% over the past year, swinging between $46.12 and $83.36 in the last 52 weeks. (Investing.com) Analysts remain focused on a key question: can Nutanix convert its recent surge in software interest into rapid revenue growth, or will it linger in the “good demand, messy timing” phase for another quarter or two? This matters now because the core bullish argument hinges on customers switching
16 January 2026
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Figure Technology Solutions stock jumps premarket after Mizuho lifts target, OPEN blockchain push

Figure Technology Solutions stock jumps premarket after Mizuho lifts target, OPEN blockchain push

New York, Jan 16, 2026, 08:40 EST — Premarket Figure Technology Solutions (FIGR.O) jumped roughly 16% to $64.96 in premarket on Friday, following Mizuho’s boost of its price target to $64 from $56. The firm kept its Outperform rating on the fintech stock. Since its $25 IPO last September, the shares have surged significantly. (Investing.com) This shift shines a spotlight on a seldom-seen corner of the market: the recording, settlement, and borrowing of shares. That infrastructure is typically slow, centralized, and costly to access. Figure is pushing ahead regardless. As a fresh face on the market, it’s betting that “market
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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