Today: 28 April 2026
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Technology 3 January 2026 - 4 January 2026

Baidu stock jumps nearly 15% after AI chip unit Kunlunxin files for Hong Kong IPO

Baidu stock jumps nearly 15% after AI chip unit Kunlunxin files for Hong Kong IPO

Baidu’s U.S.-listed shares jumped 14.9% to $150.30 Friday after confirming its AI chip unit Kunlunxin filed confidentially for a Hong Kong listing. The spin-off remains subject to regulatory approvals and final terms. Traders are watching for updates on timing, valuation, and potential follow-through when U.S. markets reopen Monday.
Dow, S&P 500 snap losing streak as chip and AI stocks kick off 2026 with a rally

Dow, S&P 500 snap losing streak as chip and AI stocks kick off 2026 with a rally

The Dow rose 0.7% and the S&P 500 gained 0.2% on the first trading day of 2026, led by a 4% jump in semiconductor stocks. The Nasdaq slipped, dragged by declines in Tesla after weak delivery data and losses in big tech. Baidu surged 15% after its AI chip unit filed for a Hong Kong listing. President Trump delayed tariff hikes on some furniture and cabinets for a year.
Reddit stock jumps as Needham calls it the “new homepage” for AI answers

Reddit stock jumps as Needham calls it the “new homepage” for AI answers

Reddit shares jumped 5.3% to close at $241.89 Friday, near the session high, after a Needham analyst highlighted the platform’s growing role as a source for AI-generated answers. The move came as investors weighed bullish analyst notes and ongoing data-licensing deals with Google and OpenAI. The S&P 500 ETF rose 0.2%, while Meta fell 1.4% and Pinterest gained 2.7%. Reddit traded between $228.44 and $242.69.
Western Digital stock jumps 9% to start 2026 as AI data-storage trade stays in focus

Western Digital stock jumps 9% to start 2026 as AI data-storage trade stays in focus

Western Digital shares closed up 9% at $187.70 Friday, leading storage stocks higher on the first trading day of 2026. Micron rose 10.5%, Sandisk jumped nearly 16%, and Seagate gained 4.4%. Investors cited demand from AI data centers and upcoming U.S. economic data as key drivers. The broader market was mixed, with the Nasdaq slipping slightly.
Data center stocks kick off 2026 with Vertiv jump after Barclays upgrade

Data center stocks kick off 2026 with Vertiv jump after Barclays upgrade

Vertiv Holdings surged 8.4% and Applied Digital jumped 14.6% Friday as data center infrastructure stocks outpaced real estate landlords on the first trading day of 2026. Barclays upgraded Vertiv to Overweight, citing its 2026 outlook. Digital Realty and Iron Mountain edged up, while Equinix slipped. Investors watched for signals on data center demand and upcoming earnings reports.
Wall Street kicks off 2026 higher as chipmakers rally, Tesla slides on deliveries

Wall Street kicks off 2026 higher as chipmakers rally, Tesla slides on deliveries

The Dow gained 319 points, or 0.66%, to 48,382.39 on Friday, while the S&P 500 rose 0.19% and the Nasdaq slipped 0.03%. Semiconductor and industrial shares led gains as Tesla fell 2.6% after reporting a 15.6% drop in fourth-quarter deliveries and losing its top EV-seller spot to BYD. Investors now await U.S. jobs data on Jan. 9 and inflation figures on Jan. 13.
AAOI stock jumps 14% to start 2026 — what’s driving Applied Optoelectronics shares now

AAOI stock jumps 14% to start 2026 — what’s driving Applied Optoelectronics shares now

Applied Optoelectronics shares jumped 13.6% to $39.60 Friday, trading as high as $40.10 on nearly 4.85 million shares. The move put the stock near its 52-week high after the company highlighted strong demand for 800G data-center optics in December. Lumentum, Ciena, and Coherent also closed higher. Traders are watching if AAOI can hold above $40 in the next session.
Sandisk stock jumps nearly 16% on board move; SNDK traders turn to next catalysts

Sandisk stock jumps nearly 16% on board move; SNDK traders turn to next catalysts

Sandisk shares surged 15.9% to $275.24 Friday after the company named First Solar CFO Alexander R. Bradley to its board and audit committee. About 11.1 million shares traded as the stock swung between $242.00 and $278.78. The appointment follows a 559% gain in 2025 after Sandisk’s spin-off from Western Digital. Investors are watching Sandisk’s Jan. 29 earnings call and upcoming U.S. jobs and inflation data.
Oracle stock today: ORCL edges higher to start 2026 as AI spending stays in focus

Oracle stock today: ORCL edges higher to start 2026 as AI spending stays in focus

Oracle shares closed up 0.4% at $195.71 on Friday, outperforming several software peers as the S&P 500 and Dow posted modest gains. The company’s stock remains about 43% below its 52-week high. Investors continue to weigh strong AI-driven cloud demand against Oracle’s heavy spending on new data centers. The next $0.50 dividend is payable Jan. 23 to shareholders of record as of Jan. 9.
Intel stock (INTC) jumps nearly 7% as chip rally kicks off 2026 — what’s next

Intel stock (INTC) jumps nearly 7% as chip rally kicks off 2026 — what’s next

Intel shares rose 6.7% to $39.38 Friday, leading gains among chipmakers as the Philadelphia Semiconductor Index climbed 4%. Trading volume for Intel reached about 95.4 million shares. The Dow and S&P 500 closed higher, while the Nasdaq was flat. Policy risk remained in focus after President Trump blocked a China-linked Emcore deal on national security grounds.
Broadcom stock edges up as chip shares rally to start 2026; AI valuations back in focus

Broadcom stock edges up as chip shares rally to start 2026; AI valuations back in focus

Broadcom shares rose 0.44% to $347.62 Friday, trailing a 4% jump in the Philadelphia SE Semiconductor index. Advanced Micro Devices and Nvidia outpaced Broadcom, gaining 4.35% and 1.26% respectively. The Dow climbed 0.66%, the S&P 500 added 0.19%, and the Nasdaq slipped 0.03%. Broadcom closed about 16% below its 52-week high after warning of margin pressure from AI product sales in December.
Palantir stock tumbles 5.6% to start 2026 as pricey AI names face a reality check

Palantir stock tumbles 5.6% to start 2026 as pricey AI names face a reality check

Palantir Technologies shares fell 5.6% to $167.86 Friday, dropping below key technical levels as chipmakers rallied and the Nasdaq edged down 0.03%. The stock traded between $182.93 and $166.38 on heavy volume. Investors shifted out of high-valuation growth names ahead of next week’s U.S. jobs data. Palantir’s decline came despite recent strong revenue guidance tied to AI demand.
Nvidia stock today: NVDA closes higher as chip rally kicks off 2026 — what investors watch next week

Nvidia stock today: NVDA closes higher as chip rally kicks off 2026 — what investors watch next week

Nvidia shares closed up 1.2% at $188.85 Friday, leading gains among U.S. chipmakers as the Philadelphia SE Semiconductor index rose 4%. An SEC filing showed Nvidia officer Donald Robertson filed to sell up to 80,000 shares under a prearranged plan. Investors are watching for Nvidia’s CES appearance Jan. 5 and key U.S. jobs data next week.
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Stock Market Today

  • Stock Futures Steady After S&P 500 and Nasdaq Hit Records Ahead of Earnings Week
    April 27, 2026, 7:38 PM EDT. U.S. stock futures showed modest gains Monday night after the S&P 500 and Nasdaq Composite closed at record highs, with futures rising about 0.2%. The Dow Jones Industrial Average lagged, slipping 0.13%. Market optimism was tempered by stalled U.S.-Iran peace talks and regional geopolitical risks. Investors await major earnings reports this week from key tech giants including Alphabet, Amazon, Meta, Microsoft, and Apple, alongside Fed Chair Jerome Powell's likely final interest rate decision. Analysts note some strength has already been priced in, but robust fundamentals keep long-term outlooks positive. Other earnings highlights include LendingClub's surge post strong Q1 results and Nucor's better-than-expected earnings, signaling pockets of strength amid cautious investor sentiment.

Latest article

US Stock Market Today: S&P 500, Nasdaq Hit Records as After-Hours Trading Edges Higher

US Stock Market Today: S&P 500, Nasdaq Hit Records as After-Hours Trading Edges Higher

28 April 2026
The S&P 500 and Nasdaq closed at record highs Monday, while the Dow slipped 62.67 points to 49,168.04. After-hours, major U.S. indexes edged up less than 0.2%. Nvidia jumped 4% to a new high, topping $5 trillion in value, while Domino’s Pizza fell after forecasting weaker 2026 growth. Investors await Big Tech earnings and a Federal Reserve decision this week.
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