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Technology News 16 January 2026

Micron Technology stock jumps in premarket after $7.8 million insider buy as memory-chip rally rolls on

Micron Technology stock jumps in premarket after $7.8 million insider buy as memory-chip rally rolls on

New York, Jan 16, 2026, 08:34 (ET) — Premarket Micron Technology (MU.O) shares jumped 5.7% to $355.65 in premarket trading Friday, following a close of $336.63 the day before. According to a regulatory filing, director Teyin Mark Liu bought 23,200 shares between Jan. 13-14 at roughly $337 each and now holds 25,910 shares. (The Wall Street Journal) Memory-chip stocks continue to lead semiconductor gains this week. Western Digital (WDC.O), Seagate Technology (STX.O), and SanDisk (SNDK.O) all climbed in early trading, while the iShares Semiconductor ETF edged higher Friday, Reuters reported. Linh Tran, senior market analyst at XS.com, noted that the
Ford’s BYD hybrid battery talks ignite U.S. backlash as Ford pivots from EV bets

Ford’s BYD hybrid battery talks ignite U.S. backlash as Ford pivots from EV bets

DETROIT, Jan 16, 2026, 07:07 (EST) Ford Motor is in talks with China’s BYD about buying batteries for its hybrid vehicles, the Wall Street Journal reported on Thursday. One option under discussion would have Ford use BYD batteries for vehicles sold outside the United States. White House trade adviser Peter Navarro attacked the idea on X, writing: “What could go wrong here?” (Reuters) The talks matter because Ford is leaning harder into hybrids as demand for fully electric vehicles softens and costs stay high. Batteries remain one of the biggest expenses in any electrified car, and cheaper supply can swing
Wall Street futures rise as chip stocks jump; here’s the U.S. economic calendar today

Wall Street futures rise as chip stocks jump; here’s the U.S. economic calendar today

New York, January 16, 2026, 06:48 EST — Premarket U.S. stock index futures climbed Friday, driven by gains in memory-chip stocks as traders eyed upcoming factory data and Federal Reserve comments. By 5:52 a.m. ET, Dow E-minis had added 47 points, S&P 500 E-minis gained 20, and Nasdaq 100 E-minis jumped 148.25. Micron surged 6.4% in premarket trading, with Western Digital up 4.9% and Seagate rising 4.1%. Meanwhile, J.B. Hunt Transport Services dropped nearly 5% after reporting a decline in quarterly revenue. Investors are also awaiting December industrial production figures set for release later this morning. (Reuters) San Francisco Fed
Dow Jones futures edge higher as banks, chip rally keep Wall Street on its toes

Dow Jones futures edge higher as banks, chip rally keep Wall Street on its toes

New York, January 16, 2026, 05:56 EST — Premarket Dow futures edged up early Friday following a bank-driven rally that buoyed the blue-chip index the day before, leaving traders cautiously optimistic ahead of new U.S. data. The Dow Jones Industrial Average futures gained 65 points, or 0.13%, standing at 49,704. (Investing.com) The Dow jumped 292.81 points, or 0.60%, closing at 49,442.44 on Thursday. The S&P 500 ticked up 0.26%, while the Nasdaq inched 0.25% higher. Investors zeroed in on banks and chipmakers after a two-day retreat. Goldman Sachs surged 4.6%, Morgan Stanley rose 5.8% following strong quarterly profits, and Taiwan
ASX 200 hits 11-week high as banks rebound and tech rallies in Australia stock market

ASX 200 hits 11-week high as banks rebound and tech rallies in Australia stock market

Sydney, January 16, 2026, 21:56 AEDT — The market has closed. Australia’s top share index edged up Friday, boosted by gains in banks and tech stocks, while energy and materials took a hit. The S&P/ASX 200 finished 0.48% higher at 8,903.9, with the All Ordinaries rising 0.46%. Technology rallied 1.17%, and financials climbed 0.99%. Westpac jumped 1.8% to A$39.19, Macquarie gained 2.6% to A$211.86. Meanwhile, lithium players like Pilbara dropped 3.1%, dragged down by a roughly 9% fall in China’s benchmark lithium carbonate futures from settle to close. (Market Index) The market hit its highest point since October, wrapping up
Roblox stock rises before the bell as Wall Street weighs 2026 outlook ahead of Feb. 5 results

Roblox stock rises before the bell as Wall Street weighs 2026 outlook ahead of Feb. 5 results

NEW YORK, Jan 16, 2026, 05:21 EST — Premarket Shares of Roblox Corp ticked up roughly 1% in premarket action Friday, following a batch of analyst notes ahead of the videogame platform’s upcoming earnings. The stock climbed 1.05% to $85.58, after finishing Thursday at $84.65. (Yahoo Finance) The timing is crucial. Roblox serves as a key indicator for how long younger users continue to spend on in-game items, and whether the company can maintain steady growth while increasing its investments in developers and infrastructure. Roblox’s stock is swinging notably amid a choppy tape. After falling 2.28% Wednesday, shares rebounded 2.15%
AST SpaceMobile cracks $100 at the close, then pops after hours as traders eye what’s next

AST SpaceMobile cracks $100 at the close, then pops after hours as traders eye what’s next

New York, Jan 16, 2026, 04:48 (EST) — Premarket AST SpaceMobile shares topped $100 for the first time Thursday and pushed even higher in after-hours trading, continuing a sharp rally that’s drawn quick speculators. The stock closed the regular session up 6.3% at $101.25, then climbed roughly 6.6% more to $107.90 after the bell, according to market data. (MarketWatch) This move is significant because ASTS has been volatile amid sparse news, with analysts divided over how fast the company can convert early technical gains into a revenue-generating network. In this context, round figures like $100 often become triggers for momentum
Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

Hong Kong, Jan 16, 2026, 16:47 HKT Hong Kong stocks edged down Friday, slipping after an initial bounce. Drops among big internet players and cyclical sectors weighed on the market, even as semiconductor and AI-related stocks showed gains. The shifts are significant as investors juggle two competing factors: new regulatory risks in China’s consumer internet sector and a surge of capital flowing into chips and AI companies. Hong Kong finds itself caught in the middle, serving as a key listing venue for both areas. The Hang Seng slipped 71 points by midday, with mainland investors offloading around HK$600 million via
IBM Stock Slides 3.6% After Sovereign Core Debut as Earnings Loom

IBM Stock Slides 3.6% After Sovereign Core Debut as Earnings Loom

NEW YORK, Jan 15, 2026, 21:25 EST — Market closed International Business Machines (IBM) shares fell $11.08, or 3.6%, to $297.95 at Thursday’s close, snapping out of step with a market that finished higher. (MarketWatch) The slide lands with IBM heading into Friday’s session with investors counting down to the company’s fourth-quarter report on Jan. 28 and a 5 p.m. ET conference call, set after the market close. (IBM Newsroom) Positioning has been lopsided in places. Hazeltree, which tracks crowded hedge-fund trades, said short bets in IBM stayed among the persistent “crowded” shorts in 2025 — meaning many funds were
Lumentum stock rebounds after a sharp slide as traders look to Photonics West, Feb. 3 earnings

Lumentum stock rebounds after a sharp slide as traders look to Photonics West, Feb. 3 earnings

New York, January 15, 2026, 20:41 EST — Market closed. Lumentum Holdings Inc. (NASDAQ: LITE) shares ended Thursday 3.4% higher, closing at $343.27. The stock fluctuated between $330.32 and $353.86 during the session. The rebound is significant since the stock now behaves like a high-stakes wager on optical demand linked to data centers and factory automation, with sharp daily swings that leave no space for tepid news. On Friday (Jan. 16), traders will be focused on whether the recent bounce can sustain itself after a volatile week marked by sharp reversals and heavy volume. Attention will also be on whether
Qualcomm (QCOM) stock drops again despite Volkswagen deal talk — what’s next before earnings

Qualcomm (QCOM) stock drops again despite Volkswagen deal talk — what’s next before earnings

New York, January 15, 2026, 20:52 EST — Market closed. Qualcomm shares dropped 1.9% on Thursday, closing at $161.39. This marks the chipmaker’s fifth day in a row of declines, trailing a mostly steady U.S. market. The S&P 500 gained 0.26%, and the Dow rose 0.60%. Qualcomm fell behind rivals like Nvidia and Broadcom, while Intel also slipped. (MarketWatch) The slide is notable as semiconductors gain fresh momentum from AI, with investors honing in on select firms. Taiwan Semiconductor raised its 2026 capital expenditure target to $52 billion-$56 billion, surpassing Visible Alpha’s estimates. That move has fueled a surge in
Uber stock dips after hours as Kroger rolls out grocery delivery across Uber Eats nationwide

Uber stock dips after hours as Kroger rolls out grocery delivery across Uber Eats nationwide

New York, Jan 15, 2026, 19:34 EST — After-hours Shares of Uber Technologies Inc dipped 0.3% to $84.38 in after-hours trading Thursday, following the launch of grocery delivery at nearly 2,700 Kroger stores via Uber Eats and other Uber apps. Earlier in the day, the stock swung between $82.76 and $86.35. (Uber Investor Relations) The launch leans into a straightforward concept: groceries drive repeat purchases. This is key for Uber’s delivery segment, where investors focus on how often customers order and whether subscription perks boost loyalty. Grocery delivery is tough. Orders are bulky, picking eats into costs, and shoppers hunt
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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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