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Technology News 7 January 2026

Alphabet’s GOOG stock overtakes Apple in market value — what investors watch next

Alphabet’s GOOG stock overtakes Apple in market value — what investors watch next

NEW YORK, January 7, 2026, 16:28 EST — After-hours Alphabet’s non-voting Class C shares climbed on Wednesday, lifting the Google parent above Apple in market value for the first time since 2019. https://www.barrons.com/articles/alphabet-stock-apple-market-cap-625151cc The shift matters because it shows where the money is hiding right now: investors are still willing to pay up for companies tied to artificial intelligence, even as the broader tape turns choppy. It also puts Alphabet back in the same conversation as Nvidia at the top end of U.S. equity valuations. Alphabet’s Class C stock (GOOG) was up about 2.5% at $322.46 after the bell. Apple
Micron Technology stock slips as UBS, Piper lift MU price target to $400 and New York megafab date is set

Micron Technology stock slips as UBS, Piper lift MU price target to $400 and New York megafab date is set

New York, Jan 7, 2026, 16:15 (EST) — After-hours Micron Technology Inc shares were down about 1.2% at $339.45 on Wednesday after trading between $335.10 and $346.24, even as Wall Street pushed price targets higher and the company set a date to break ground on a planned New York factory. The pullback comes as investors crowd into memory and storage names tied to artificial-intelligence spending, where servers need more DRAM — the working memory in computers — and high-bandwidth memory (HBM), a stacked chip used to feed AI processors. Sandisk shares surged 27.6% on Tuesday after Nvidia Chief Executive Jensen
CoreWeave stock price forecast: Wall Street still sees $121 target after Nvidia Rubin news, but shares wobble

CoreWeave stock price forecast: Wall Street still sees $121 target after Nvidia Rubin news, but shares wobble

New York, Jan 7, 2026, 15:29 EST — Regular session CoreWeave shares were down about 0.6% at $77.51 in afternoon trading on Wednesday after swinging between $75.77 and $79.92. The CoreWeave stock price forecast looks messy: analyst targets tracked by Benzinga ranged from $36 to $180 over the past quarter, with an average of $121.48, down from $142. Benzinga Why it matters now: CoreWeave just put new product headlines back on the tape, tying its outlook even tighter to Nvidia’s chip roadmap. The company said it plans to add Nvidia’s next Rubin platform to its cloud and expects to deploy it
Intel stock price forecast: INTC jumps on 18A chip rollout as a $50 target re-enters view

Intel stock price forecast: INTC jumps on 18A chip rollout as a $50 target re-enters view

New York, January 7, 2026, 15:29 EST — Regular session Intel shares jumped 6.3% to $42.56 in afternoon trading on Wednesday, outpacing a slide in chip ETFs, as investors leaned into the company’s CES pitch that its new 18A manufacturing push is ready for prime time. The iShares Semiconductor ETF fell 1.2% and VanEck’s chip ETF slipped 0.7%, while the Nasdaq 100 ETF was modestly higher and the S&P 500 ETF edged down. Why it matters now is credibility. Intel’s stock has become a referendum on whether it can execute its manufacturing roadmap after years of delays and missed windows,
Meta stock price forecast: China review of Manus deal drags META as Wall Street targets $822

Meta stock price forecast: China review of Manus deal drags META as Wall Street targets $822

New York, January 7, 2026, 15:28 EST — Regular session Meta Platforms (META.O) shares fell about 1.7% to $649.66 on Wednesday afternoon after a report said Chinese officials are reviewing the company’s purchase of artificial intelligence startup Manus. The Financial Times said the review could hinge on whether the transaction required an export license under Chinese law; Meta and Manus did not respond to requests for comment. Reuters The headline matters now because investors are trying to pin down what, exactly, Meta gets for its AI spending and deal-making in 2026, and what it might cost to keep it all
Salesforce stock rises as tech steadies after soft jobs data; CRM investors eye Friday payrolls

Salesforce stock rises as tech steadies after soft jobs data; CRM investors eye Friday payrolls

New York, January 7, 2026, 15:08 ET — Regular session Salesforce (CRM.N) shares rose 1.6% to $267.13 in afternoon trading on Wednesday, recovering some ground after early volatility, with about 3.7 million shares changing hands. The uptick came as technology shares extended gains from the prior session, helping keep the S&P 500 and Nasdaq in positive territory even as investors tested how much more they want to pay for growth. “The economic news sort of fueled a little bit of profit taking,” Robert Pavlik, a senior portfolio manager at Dakota Wealth, said. Reuters Data released on Wednesday showed U.S. private
Broadcom stock price forecast: AVGO tests $350 after $4.5B bond pricing and Wi‑Fi 8 launch

Broadcom stock price forecast: AVGO tests $350 after $4.5B bond pricing and Wi‑Fi 8 launch

New York, Jan 7, 2026, 14:36 EST — Regular session Broadcom shares rose 0.9% to $346.8 on Wednesday after a pricing term sheet showed the chipmaker locked in terms for a $4.5 billion, four-part senior notes sale. Coupons run from 4.3% due 2031 to 5.7% due 2056, with spreads of 60 to 88 basis points — 0.60 to 0.88 percentage point — over Treasuries. Broadcom estimated net proceeds of about $4.47 billion and said it plans to use the money for general corporate purposes and debt repayment, with closing set for Jan. 13. The funding move matters for AVGO because
AMD stock forecast: Shares dip as CES AI-chip rollout meets profit-taking ahead of Feb. 3 earnings

AMD stock forecast: Shares dip as CES AI-chip rollout meets profit-taking ahead of Feb. 3 earnings

New York, January 7, 2026, 14:34 (EST) — Regular session Advanced Micro Devices shares were down 2.4% at $209.26 in afternoon trading on Wednesday, after touching a session low of $207.23. Nvidia was up about 1.3% and Intel jumped roughly 7.0%, while broad semiconductor ETFs were modestly lower. The move comes a day after AMD used the CES show in Las Vegas to highlight new AI hardware, including MI455 processors for server racks and an enterprise-focused MI440X designed for on‑premise deployments. CEO Lisa Su also previewed the MI500 line, which AMD said would launch in 2027, as the company tries
Marvell stock slides after $540 million XConn deal — here’s what Wall Street is pricing in

Marvell stock slides after $540 million XConn deal — here’s what Wall Street is pricing in

New York, January 7, 2026, 14:09 EST — Regular session Marvell Technology, Inc. shares fell about 4% on Wednesday, giving back some of the prior session’s gain after the chipmaker unveiled a fresh acquisition aimed at data-center connectivity. The stock was down $3.66 at $84.57 in afternoon trade. The retreat comes as investors weigh how fast Marvell can turn a push into AI infrastructure into sales growth, and whether it can defend share against larger rivals with deep customer ties. Marvell said on Tuesday it would buy networking equipment provider XConn Technologies in a deal valued at about $540 million;
Seagate (STX) stock slides as AI storage rally cools after record run

Seagate (STX) stock slides as AI storage rally cools after record run

New York, Jan 7, 2026, 14:02 ET — Regular session Shares of Seagate Technology Holdings plc fell about 7% on Wednesday, giving back part of a sharp rally that pushed the data-storage maker to record highs a day earlier. The stock was down around 7.2% at $306.74 in afternoon trading, after dipping to roughly $299. Tuesday’s jump put Seagate in the middle of a broader bid for “AI infrastructure” names after Nvidia CEO Jensen Huang spoke at the Consumer Electronics Show in Las Vegas. Seagate gained 14% in that session as SanDisk jumped more than 27% and Western Digital rallied
Qorvo (QRVO) stock drops 8% as Apple-linked chip names slide ahead of U.S. jobs report

Qorvo (QRVO) stock drops 8% as Apple-linked chip names slide ahead of U.S. jobs report

New York, Jan 7, 2026, 13:45 EST — Regular session Qorvo shares fell about 8% on Wednesday, underperforming a mixed U.S. market as investors trimmed exposure to smaller chipmakers. The stock was down $7.36 at $80.76, after touching a session low of $79.76. The drop mattered because it hit a corner of semiconductors tied to phone demand just as broader indexes leaned on megacap tech again. “The economic news sort of fueled a little bit of profit taking,” Robert Pavlik, senior portfolio manager at Dakota Wealth, said of the day’s trading. Reuters Fresh labor data added to the push-and-pull over
AST SpaceMobile stock dives 10% as Scotiabank downgrade hits ASTS valuation

AST SpaceMobile stock dives 10% as Scotiabank downgrade hits ASTS valuation

New York, January 7, 2026, 13:29 EST — Regular session AST SpaceMobile (ASTS) shares fell 10.2% to $87.55 in regular trading on Wednesday after Scotiabank cut its rating. The stock has traded between $95.25 and $86.20 so far, with about 15 million shares changing hands. Finviz Scotiabank analyst Andres Coello downgraded the stock to “Sell” and set a $45.60 price target, Barron’s reported. Coello flagged valuation, with the stock trading at more than 100 times projected 2026 sales and about 20 times estimated 2029 EBITDA, even as the company is not expected to post positive operating profits until 2027, the
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Stock Market Today

Northern Star Resources share price dips into weekend as $50m Central Tanami deal closes

Northern Star Resources share price dips into weekend as $50m Central Tanami deal closes

7 February 2026
Northern Star Resources fell 1.7% to A$26.77 Friday, extending losses as gold miners and the broader market declined. MGX Resources completed its A$50 million purchase of a 50% stake in the Central Tanami Gold Project from Northern Star. The All Ordinaries Gold index dropped 3.24%. CME Group raised COMEX gold futures margin requirements to 9% amid volatility.
PLS Group share price slips into weekend as Morgan Stanley and MUFG filings land

PLS Group share price slips into weekend as Morgan Stanley and MUFG filings land

7 February 2026
PLS Group shares closed at A$4.12 Friday, down 1.2% after a 3.7% drop Thursday. Morgan Stanley and Mitsubishi UFJ Financial Group disclosed increased voting power in the lithium miner, both citing changes dated Feb. 2. The moves came as lithium prices fell and Australian equities posted their sharpest drop in months. PLS reports interim results Feb. 19.
Commonwealth Bank share price near A$159 as CBA earnings, dividend week looms after ASX rout

Commonwealth Bank share price near A$159 as CBA earnings, dividend week looms after ASX rout

7 February 2026
Commonwealth Bank of Australia shares closed at A$158.91, down 0.23% Friday, as the S&P/ASX 200 fell 2.03% and nearly A$70 billion was wiped from the market. The bank reports half-year results and an interim dividend on Feb. 11, with shares going ex-dividend Feb. 18. CBA flagged a A$68 million provision linked to ASIC’s Better Banking review. The RBA raised rates to 3.85% on Feb. 3, with CBA passing on the increase from Feb. 13.
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