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Technology 19 January 2026 - 20 January 2026

Asus freezes Zenfone and ROG Phone plans: no new smartphones in 2026 as AI work ramps up

Asus freezes Zenfone and ROG Phone plans: no new smartphones in 2026 as AI work ramps up

Asus chairman Jonney Shih said the company will stop launching new smartphone models and shift its phone R&D to AI hardware like robots and smart glasses. Support for existing phones will continue, but the future of Asus’s Zenfone and ROG Phone lines remains uncertain. No timeline was given for a possible return to the smartphone market.
Meta stock stuck near $620 as AI spending worries flare again ahead of earnings

Meta stock stuck near $620 as AI spending worries flare again ahead of earnings

Meta shares traded near $620 Tuesday, down about 20% from recent highs as investors questioned the payoff from heavy AI spending. CFO Susan Li projected 2025 capital expenditures of $70–$72 billion, with even higher growth in 2026. Reality Labs remains a drag on profits. Meta reports fourth-quarter and full-year 2025 earnings after markets close Jan. 28.
Goldman holds $655 Microsoft target as AI data-center power costs loom before earnings

Goldman holds $655 Microsoft target as AI data-center power costs loom before earnings

Goldman Sachs reaffirmed its Buy rating on Microsoft and kept its $655 price target, citing higher data-center power costs tied to AI expansion. Microsoft shares fell 1.7% in premarket trading. The company reports quarterly earnings Jan. 28, with Azure growth and data-center expenses in focus. Regulators and utilities are moving to address surging electricity demand from data centers.
Trump’s Truth Social ‘America First’ ETFs hit NYSE as Trump Media’s new investing push draws scrutiny

Trump’s Truth Social ‘America First’ ETFs hit NYSE as Trump Media’s new investing push draws scrutiny

Five Truth Social-linked ETFs debuted on the New York Stock Exchange last week, expanding Trump Media’s reach into finance. The company also launched four Truth Social-branded investment strategies through Yorkville and Index Technologies Group. Ethics advocates and Democrats say these moves deepen conflict-of-interest concerns involving President Donald Trump. The White House denies any conflicts.
20 January 2026
Xi’an ESWIN Material stock price rises in Shanghai trade as chip names stay in play

Xi’an ESWIN Material stock price rises in Shanghai trade as chip names stay in play

Xi’an ESWIN Material Technology shares rose 1.38% to 27.11 yuan in Shanghai morning trading, tracking gains in STAR Market chip stocks. The move comes as regulators tighten controls on high-frequency trading amid volatile market swings. No new company-specific news drove the action. Investors are watching for policy signals affecting speculation and liquidity.
Nanya Technology stock price hits limit-down in Taipei as traders digest DRAM call

Nanya Technology stock price hits limit-down in Taipei as traders digest DRAM call

Nanya Technology shares fell 10% at the open Tuesday, hitting the daily limit-down at T$247.50 after posting a Q4 net profit of T$11.083 billion and forecasting further DRAM price hikes. A U.S. bank cut its 2026 EPS outlook but cited ongoing DDR4 shortages. The TAIEX dropped 0.6%. Nanya signaled a lower dividend payout and plans T$50 billion in capital spending for 2026.
MediaTek stock price: Taiwan chipmaker in focus before open after 1.3% drop

MediaTek stock price: Taiwan chipmaker in focus before open after 1.3% drop

MediaTek shares fell 1.33% to T$1,485 Monday, underperforming as Taiwan’s benchmark index closed at 31,639.29 near record highs. Around 5.9 million MediaTek shares changed hands. Global markets slipped after U.S. President Trump announced new tariffs on European goods starting Feb. 1. Micron agreed to buy Powerchip’s P5 fab in Taiwan for $1.8 billion, aiming to boost DRAM output by 2027.
Cambricon Technologies stock: what to watch before Shanghai opens after Hurun AI Top 50 spotlight

Cambricon Technologies stock: what to watch before Shanghai opens after Hurun AI Top 50 spotlight

Cambricon shares slipped 0.31% to 1,419.66 yuan in Shanghai Monday after topping Hurun’s new China AI Top 50 ranking. China’s securities regulator has ordered brokers to remove client servers from exchange data centers, aiming to limit high-speed trading. About 6.9 million Cambricon shares traded. AI chipmakers remain in focus as traders assess the impact of new restrictions.
Texas Instruments stock faces a Tuesday gut-check as tariffs rattle tech and earnings loom

Texas Instruments stock faces a Tuesday gut-check as tariffs rattle tech and earnings loom

Nasdaq 100 futures fell 1.25% Monday after President Trump threatened broader tariffs on Europe. Texas Instruments shares closed at $191.58, up 1.3%, ahead of Tuesday’s market reopen. Stifel and Wells Fargo raised their price targets, while the company set a $1.42 per share dividend for Feb. 10. Texas Instruments will report Q4 and full-year results on Jan. 27.
ASML stock price drops 4% on Trump tariff threat — what to watch next

ASML stock price drops 4% on Trump tariff threat — what to watch next

ASML shares fell 4.0% to 1,120.40 euros in Amsterdam Monday after President Trump threatened new tariffs on several European countries unless the U.S. can buy Greenland. The AEX dropped 1.73%, led by ASML’s decline, while the STOXX 600 posted its steepest one-day fall in two months. EU ambassadors plan to discuss retaliation at an emergency summit Thursday. ASML reports earnings January 28.
Intel stock braces for Tuesday’s open after tariff shock, with earnings days away

Intel stock braces for Tuesday’s open after tariff shock, with earnings days away

Intel shares closed down 2.8% at $46.96 Friday after President Trump announced new tariffs on eight European nations, rattling global markets. U.S. trading resumes Tuesday following the MLK holiday, with Intel set to report Q4 earnings after the close on Jan. 22. European tech stocks fell Monday. Investors are watching for tariff impacts on chip supply chains and Intel’s manufacturing progress.
SAP stock drops 3% in Frankfurt as tariff jitters hit tech; Fresenius tie-up and earnings loom

SAP stock drops 3% in Frankfurt as tariff jitters hit tech; Fresenius tie-up and earnings loom

SAP shares fell 3.1% to 195.96 euros in Frankfurt on Monday, hit by a broad tech selloff after U.S. President Trump threatened tariffs on eight European nations. The company announced a digital healthcare partnership with Fresenius, planning a “mid three-digit million euro” investment. SAP’s earnings are due January 29. The STOXX 600 index dropped 1.2%, with tech stocks down 2.9%.
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Stock Market Today

  • Qualcomm's Valuation Raises Questions After Recent Price Surge
    June 6, 2026, 4:02 PM EDT. Qualcomm (QCOM) shares recently hit around US$215.94 amid mixed short-term moves, including a 14% fall last week but a 47.7% gain over the past year. Despite strong market interest due to its role in semiconductors and wireless tech, its valuation is debated. A Discounted Cash Flow (DCF) analysis estimates an intrinsic value of US$153.28 per share, suggesting the stock is about 40.9% overvalued against current prices. Qualcomm scores 3/6 on valuation metrics, indicating it is undervalued on half the criteria tested. Investors must weigh these mixed signals when considering Qualcomm's true market value and growth prospects amid ongoing demand and competition shifts.

Latest articles

Accenture Stock Eyes Key Week After 4.7% Drop

Accenture Stock Eyes Key Week After 4.7% Drop

6 June 2026
Accenture shares closed at $178.25, down 4.7% for the week ahead of its June 18 earnings call, as investors weigh new AI deals and a five-year Japan partnership against broader market losses and risks from slower tech spending, with consensus Q3 estimates at $3.72 EPS on $18.76B revenue.
Campbell Soup heads for S&P 500 drop, earnings on deck

Campbell Soup heads for S&P 500 drop, earnings on deck

6 June 2026
Campbell’s will be removed from the S&P 500 and added to the S&P SmallCap 600 before June 22, exposing shares to index-fund selling just as analysts expect lower Q3 sales and earnings; CPB rose 2.7% last week despite the broader market drop, but faces pressure from weak Snacks performance and a lowered 2026 outlook, with no Wall Street buy ratings and a $20.88 average price target below Friday’s $21.68 close.
Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street

Palo Alto Networks Shares Fall; Next Week Seen as Key for AI Stocks

6 June 2026
Palo Alto Networks shares slid 2.6% to $272.05 Friday despite raising its annual revenue outlook and posting 31% revenue growth, as a broader tech selloff hit the Nasdaq Composite by 4.2%; analysts raised price targets, but high valuation and integration risks loom with the stock still well below its 52-week high.
Home Depot Stock Bucked Friday’s Rout. Monday Could Be the Real Test

Home Depot Stock Bucked Friday’s Rout. Monday Could Be the Real Test

6 June 2026
Melrose Industries jumped 1.7% to £4.67 Friday, capping a two-day rebound but still 32% below February’s peak, as investors weigh solid Q1 revenue growth and cash flow guidance against ongoing supply chain risks, higher freight costs, and unresolved financial impact from the Garden Grove incident, with the next key update due July 31.
STMicroelectronics Stock Pulls Back After AI Jump, Focus Shifts to Next Week

STMicroelectronics Stock Pulls Back After AI Jump, Focus Shifts to Next Week

6 June 2026
STMicroelectronics surged 6.6% this week to 62.82 euros after raising its 2026 data-centre revenue target to about $1 billion, but shares fell 5.85% Friday as investors took profits and global chip sentiment weakened following Broadcom’s outlook; future gains hinge on AI demand, capacity expansion, and ECB rate moves.
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