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Technology News 9 January 2026 - 10 January 2026

Vistra stock jumps after Meta signs 20-year nuclear power deal — what matters next

Vistra stock jumps after Meta signs 20-year nuclear power deal — what matters next

NEW YORK, Jan 10, 2026, 05:38 EST — Market closed Vistra Corp shares jumped 10.5% on Friday and closed at $166.37 after the U.S. power producer said it signed long-term nuclear power contracts with Meta Platforms. (StockAnalysis) The deal lands as Big Tech hunts steady electricity for data centers, a scramble Meta says is being driven by artificial intelligence and rising power use. “It will make Meta one of the most significant corporate purchasers of nuclear energy in American history,” Joel Kaplan, Meta’s chief global affairs officer, said. (Reuters) Meta said its agreements with Vistra, TerraPower and Oklo are expected
Intel stock surges 11% after Trump meeting — what investors watch before earnings

Intel stock surges 11% after Trump meeting — what investors watch before earnings

NEW YORK, Jan 10, 2026, 05:30 EST — Market closed Intel (INTC.O) shares surged nearly 11% on Friday, closing at $45.55 after U.S. President Donald Trump said he had a “great meeting” with Chief Executive Lip-Bu Tan. Trading was heavy, with about 187 million shares changing hands. (Reuters) The move capped a sharp week for Intel, with the stock up about 15.7% and at its highest close since March 2024, as traders latched onto CES chip headlines and fresh political attention. Some analysts, though, questioned how much of the push was institutional money versus retail momentum. (MarketWatch) That matters now
Apple Card switches banks: JPMorgan replaces Goldman in a two-year handoff

Apple Card switches banks: JPMorgan replaces Goldman in a two-year handoff

NEW YORK, January 10, 2026, 04:15 EST JPMorgan Chase will become the new issuer of Apple Card, taking over the program from Goldman Sachs in a handover expected to take about 24 months. The bank said the purchase would bring more than $20 billion of card balances onto its Chase platform and trigger a $2.2 billion provision for credit losses — money set aside for borrowers who may not pay — in its fourth-quarter 2025 results. (JPMorgan Chase) For Goldman, the deal is another step away from a consumer push that turned into a long-running headache. “This transaction substantially completes
Oklo stock jumps on Meta nuclear campus deal — what investors watch before Monday

Oklo stock jumps on Meta nuclear campus deal — what investors watch before Monday

New York, January 10, 2026, 04:59 EST — Market closed Oklo Inc shares jumped 7.9% on Friday, wrapping up at $105.31. The surge came after Meta Platforms threw its support behind a 1.2-gigawatt nuclear power campus in Ohio, linked to its expanding data-center operations. Big Tech is rushing to lock in reliable power as data centers and AI drive up electricity demand, shifting companies toward long-term supply deals that resemble infrastructure financing rather than straightforward power purchases. Meta has signed 20-year contracts to buy nuclear energy from Vistra plants and said its total agreements might deliver up to 6.6 gigawatts
Dow and S&P 500 hit fresh record closes as chip rally shrugs off tariff noise

Dow and S&P 500 hit fresh record closes as chip rally shrugs off tariff noise

NEW YORK, Jan 10, 2026, 04:15 EST U.S. stocks closed at record highs on Friday, with the S&P 500 ending up 0.65% at 6,966.28 and the Dow up 0.48% at 49,504.07, as chipmakers led a broad push higher to wrap the first full week of 2026. The Nasdaq gained 0.82% to 23,671.35, and the PHLX semiconductor index jumped 2.7% to a record; Broadcom rose 3.8% and Vistra surged after Meta agreed to buy power from its nuclear plants. “Investors are getting granular and picking the winners and losers,” said Zachary Hill, head of portfolio management at Horizon Investments. (Reuters) The
Coherent stock snaps back after steep slide as jobs data lifts tech — what COHR traders watch next

Coherent stock snaps back after steep slide as jobs data lifts tech — what COHR traders watch next

NEW YORK, January 9, 2026, 20:55 EST — Market closed Coherent Corp. shares closed up 2.84% at $178.06 on Friday, clawing back some ground a day after the stock slid 9.64% in a sharp reversal that jolted the week’s highfliers. The stock traded between $167.50 and $181.55 in the session, with volume of about 5.46 million shares. (StockAnalysis) The whipsaw matters because Coherent sits in the AI-linked hardware chain and tends to move with shifts in risk appetite and rate bets, especially when the Nasdaq is pressing highs. The S&P 500 ended Friday up 0.6% and the Nasdaq Composite gained
Synopsys stock climbs into weekend on chip rally; insider sale filing in focus

Synopsys stock climbs into weekend on chip rally; insider sale filing in focus

NEW YORK, Jan 9, 2026, 20:46 EST — Market closed Shares of Synopsys Inc climbed 2.1% on Friday, closing at $525.18. The chip-design software company saw a volatile start to 2026 but gained momentum with a semiconductor sector rally late in the week. The move came as U.S. stocks hit new highs following a weaker-than-expected December jobs report, keeping hopes for rate cuts alive. Meanwhile, the PHLX semiconductor index surged to a record peak. “On the overall AI theme, investors are getting granular and picking the winners and losers in terms of sub-themes and individual names,” said Zachary Hill, head
Cisco stock dips after Supreme Court takes Falun Gong lawsuit; earnings date in focus

Cisco stock dips after Supreme Court takes Falun Gong lawsuit; earnings date in focus

New York, Jan 9, 2026, 20:08 EST — Market closed. Cisco Systems shares slipped slightly on Friday after the U.S. Supreme Court agreed to hear the company’s appeal in a lawsuit claiming it aided China in targeting Falun Gong practitioners. The stock closed down about 0.1% at $73.88. A Cisco spokesperson said the company welcomed the court’s decision and looked forward to oral arguments. (Reuters) The legal headline hits as U.S. stocks kick off 2026 on a strong note, valuations already running high with limited space for surprises. The S&P 500 closed at a record high on Friday, shrugging off
Qualcomm stock slides after Mizuho downgrade cuts target to $175, puts handset worries back in play

Qualcomm stock slides after Mizuho downgrade cuts target to $175, puts handset worries back in play

New York, Jan 9, 2026, 18:53 EST — After-hours QUALCOMM Incorporated shares dropped 2.25% to $177.78 on Friday, following Mizuho’s downgrade and a price target cut to $175 from $200. The stock fluctuated between $174.89 and $182.20 during the day. (TipRanks) The call is gaining weight as the market shifts to viewing Qualcomm like a phone stock again. Mizuho analyst Vijay Rakesh downgraded QCOM to Neutral, citing handset headwinds and a loss of Apple share. He pointed out that handsets make up more than 70% of Qualcomm’s chip revenue. (A “price target” reflects where a broker predicts a stock might
S&P 500 hits record, chip stocks jump — jobs report and Trump tariff case set up next market move

S&P 500 hits record, chip stocks jump — jobs report and Trump tariff case set up next market move

NEW YORK, Jan 9, 2026, 18:38 EST The S&P 500 closed at a record on Friday as Broadcom and other chip stocks kept Wall Street climbing after a softer-than-expected U.S. jobs report. The index rose 0.65% to 6,966.28, while the Nasdaq gained 0.82% to 23,671.35 and the Dow added 0.48% to 49,504.07; the PHLX semiconductor index, which tracks major chipmakers, jumped 2.7% to a record. “On the overall AI theme, investors are getting granular,” said Zachary Hill at Horizon Investments, as Lam Research surged after Mizuho lifted its price target and Vistra rallied on a power deal with Meta. (Reuters)
Applied Materials stock pops nearly 7% as chip rally returns — analysts lift targets

Applied Materials stock pops nearly 7% as chip rally returns — analysts lift targets

NEW YORK, January 9, 2026, 17:51 EST — After-hours Applied Materials shares surged almost 7% on Friday, closing at $301.18, and held a 6.9% gain in after-hours trading as semiconductor equipment stocks picked up steam heading into the weekend. Chip shares rallied broadly, fueled by a weaker-than-expected U.S. jobs report that kept hopes alive for Federal Reserve rate cuts. The Philadelphia Semiconductor Index (.SOX) surged 2.7% to a fresh record, while Lam Research jumped 8.7% after Mizuho boosted its price target on the equipment maker. “Investors are getting granular and picking the winners and losers,” said Zachary Hill, head of
Lumentum stock jolts again as Needham hikes target to $470 and Mizuho taps AI optics

Lumentum stock jolts again as Needham hikes target to $470 and Mizuho taps AI optics

New York, January 9, 2026, 17:31 EST — After-hours Lumentum Holdings Inc (LITE.O) bounced between $333 and $363 on Friday before settling up 0.9% at $351.42. In after-hours, the stock dipped roughly 0.4% to about $350, following Needham’s boost of its price target from $290 to $470, and a day after shares dropped 11.4%. (StockAnalysis) The tug-of-war is familiar now. Investors are eager to get a piece of the “pipes and picks” powering the AI buildout, and optical components remain a top target. Lumentum manufactures lasers and photonics components that shuttle data within and between large data centers. The real
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Corning stock price hits record close — what’s driving GLW and the next big test

Corning stock price hits record close — what’s driving GLW and the next big test

7 February 2026
Corning shares jumped 8.3% to a record $122.16 Friday, gaining 11% over two sessions amid strong demand for AI infrastructure stocks. The move follows a $6 billion optical fiber deal with Meta and upgraded company forecasts. Shares traded as high as $122.56 and rose 0.6% after hours. COO Avery Nelson sold 1,894 shares for tax withholding, retaining 66,050.
PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

7 February 2026
PepsiCo priced €2.5 billion in euro notes across four maturities, with settlement set for Feb. 11, according to an SEC filing. The company plans to use proceeds for general corporate purposes, including repaying commercial paper. Shares closed at $170.49 Friday, up 1.8%. PepsiCo is also cutting U.S. snack prices by up to 15% after consumer pushback.
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