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Technology News 5 February 2026

AST SpaceMobile (ASTS) stock sinks as AT&T taps Amazon Leo for satellite connectivity

AST SpaceMobile (ASTS) stock sinks as AT&T taps Amazon Leo for satellite connectivity

Shares of AST SpaceMobile dropped 7.8% to $95.45 by midday Thursday amid volatility in space-sector stocks. AT&T and Amazon Leo announced expanded collaboration on satellite and cloud services, drawing investor focus to U.S. telecom partnerships. Amazon Leo requested a 24-month FCC extension for its satellite network rollout. Pomerantz LLP is investigating claims for AST investors following a recent downgrade.
5 February 2026
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Applied Materials (AMAT) stock snaps back near $300 as Alphabet AI spend stirs chip-equipment trade

Applied Materials (AMAT) stock snaps back near $300 as Alphabet AI spend stirs chip-equipment trade

Applied Materials shares rose 0.7% to $299.55 by midday Thursday, rebounding after a 6% drop Wednesday. Lam Research, ASML, and KLA also gained, while Alphabet and Qualcomm fell sharply. Citi raised its price target on Applied to $400 ahead of Feb. 12 earnings. Export controls remain a risk, with potential to cut $600 million from Applied’s 2026 revenue.
5 February 2026
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Rocket Lab stock drops again today: RKLB slides as SpaceX-xAI buzz fades, Mars funding in focus

Rocket Lab stock drops again today: RKLB slides as SpaceX-xAI buzz fades, Mars funding in focus

Rocket Lab shares fell nearly 6% to $68.74 by midday Thursday, following a 10% drop in the previous session. Trading volume reached about 11 million shares. The decline comes as investors await Rocket Lab’s Feb. 26 earnings and updates on the Neutron rocket after a recent test tank rupture.
5 February 2026
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Intuit stock price today: INTU steadies after AI fears rattle software names

Intuit stock price today: INTU steadies after AI fears rattle software names

Intuit shares rose 0.2% to $446.47 Thursday after volatile trading, as software stocks struggled following a sector selloff linked to AI concerns. The S&P 500 software and services index dropped 1.8%, extending a 13% slide in the past week. Intuit’s Mailchimp unit released a report on digital sign-ups, and the company announced a Super Bowl-week financial literacy event with the NFL and 49ers. Fiscal Q2 results are due Feb. 26.
5 February 2026
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Seagate stock slips as insider sales surface and tech rout drags on

Seagate stock slips as insider sales surface and tech rout drags on

Seagate shares fell 1.9% to $410.82 Thursday after volatile trading, following a 6% drop Wednesday. CEO William Mosley sold 20,000 shares last week under a prearranged plan, while EVP Ban Seng Teh exercised options and sold 20,195 shares. Cantor Fitzgerald and BNP Paribas raised price targets after Seagate’s quarterly revenue beat forecasts. Broader tech stocks and indexes also declined amid market concerns over AI costs.
5 February 2026
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Broadcom stock rises as Google flags up to $185 billion in AI capex spending

Broadcom stock rises as Google flags up to $185 billion in AI capex spending

Broadcom shares rose 2.8% to $316.53 Thursday after Alphabet announced a 2026 capital spending plan of up to $185 billion, far above forecasts. The stock hit $326.44 before retreating. Broadcom supplies Google’s AI chips, with over 80% of its AI compute sales tied to the partnership. The company reports quarterly results after the close on March 4.
5 February 2026
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Oracle stock drops nearly 5% as $20B share-sale plan lands and bond debt closes

Oracle stock drops nearly 5% as $20B share-sale plan lands and bond debt closes

Oracle shares fell 4.9% to $139.54 Thursday morning after the company announced a $20 billion at-the-market stock sale plan and confirmed a $25 billion debt offering. The moves are part of a broader 2026 funding push tied to cloud infrastructure expansion. Analysts cited dilution risk and uncertainty over the timing and valuation of equity sales.
5 February 2026
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Alphabet’s up to $185 billion AI capex plan hits Wall Street as Nasdaq slides again

Alphabet’s up to $185 billion AI capex plan hits Wall Street as Nasdaq slides again

U.S. stocks fell Thursday, led by sharp declines in tech shares as investors reacted to heavy AI spending plans from Alphabet and Qualcomm’s weak revenue forecast. Alphabet dropped 2.6%, Qualcomm plunged 8%, and AMD tumbled 17%. The S&P 500 lost 0.51%, Nasdaq 0.50%, and Dow 0.56% by mid-morning. Silver slumped 15% and oil prices also fell amid broad market pressure.
5 February 2026
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QQQ Slides Again as Alphabet’s $185B AI Spend Plan Stirs Nasdaq-100 ETF Jitters

QQQ Slides Again as Alphabet’s $185B AI Spend Plan Stirs Nasdaq-100 ETF Jitters

Invesco’s Nasdaq-100 ETF QQQ fell about 1.6% Thursday morning, extending losses after Alphabet projected 2026 capital spending of up to $185 billion. Portfolio managers cited concerns over high tech valuations and AI-driven disruption, prompting investors to cut risk. Trading volume in QQQ rose above recent averages, with the ETF last seen near $605.75.
5 February 2026
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Intel stock price slips as Intel’s GPU push hits a tech selloff — what INTC investors watch next

Intel stock price slips as Intel’s GPU push hits a tech selloff — what INTC investors watch next

Intel shares fell 2.3% to $47.49 in morning trading Thursday, reversing earlier gains as 41.6 million shares changed hands. The drop followed Alphabet’s warning on capital spending and Qualcomm’s weak outlook, which pressured chip stocks across Wall Street. Intel’s chief legal officer sold 20,000 shares on Feb. 2 after performance stock units vested, according to SEC filings. CEO Lip-Bu Tan said Intel is ramping up GPU production to target data centers.
5 February 2026
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Sandisk stock price slides again after a 16% plunge — what SNDK traders are watching

Sandisk stock price slides again after a 16% plunge — what SNDK traders are watching

Sandisk shares fell 1.4% to $576.17 Thursday after plunging nearly 16% the previous day, with 29 million shares traded. The drop followed a broader tech and chip sell-off, as the iShares Semiconductor ETF slid 4.3%. Insider sale filings and volatile price targets drew scrutiny. Sandisk’s stock, up from $45 to $665 in six months, now faces pressure from shifting sentiment and data-center demand risks.
5 February 2026
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Micron stock sinks nearly 10% as AI jitters hit chipmakers again

Micron stock sinks nearly 10% as AI jitters hit chipmakers again

Micron Technology shares fell 9.5% to $379.40 Thursday amid a broad tech selloff and investor retreat from AI-linked stocks. Goldman Sachs said hedge funds faced their toughest day in nearly a year as crowded tech bets unwound. Qualcomm warned of missed results due to a global memory shortage, while Alphabet projected 2026 capital spending could reach $185 billion to address compute bottlenecks.
5 February 2026
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Stock Market Today

Ashtead share price in focus as buyback rolls on and NYSE switch clocks closer

Ashtead share price in focus as buyback rolls on and NYSE switch clocks closer

7 February 2026
Ashtead shares closed Friday at 4,936p, up 1.09%, after the company bought 88,872 shares under its repurchase program. The group is set to shift its primary listing to New York on March 2, pending court approval, and will be removed from the FTSE UK index the same day. Ashtead paid a half-year dividend of 37.5 U.S. cents per share on Friday.
Beazley share price: big funds reshuffle stakes as Zurich bid deadline nears

Beazley share price: big funds reshuffle stakes as Zurich bid deadline nears

7 February 2026
Beazley shares closed flat at 1,236 pence Friday as BlackRock disclosed a 6.55% stake and Vanguard reported 5.02%. Wellington Management cut its holding below 5%. The disclosures follow Zurich Insurance’s possible takeover offer of up to 1,335 pence per share, with a Feb. 16 deadline for a firm bid.
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