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Technology News 7 January 2026

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
7 January 2026
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Ambarella stock dives as AMBA reverses after CES CV7 chip and DevZone launch

Ambarella stock dives as AMBA reverses after CES CV7 chip and DevZone launch

NEW YORK, Jan 7, 2026, 13:14 EST — Regular session Ambarella, Inc. shares were down 12.5% at $70.54 in early afternoon trading on Wednesday after swinging sharply lower from a session high of $82.10. The stock has traded in a wide band and was last near the day’s low. The timing is awkward for investors trying to read through the noise around CES launches and a choppy tape for chip names. U.S. markets have been digesting softer labour signals ahead of Friday’s nonfarm payrolls report, a data point that often jolts rate bets and high-growth stocks. Reuters For Ambarella, the
7 January 2026
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Varonis Systems (VRNS) stock jumps 8% as Cantor trims target, SaaS shift back in focus

Varonis Systems (VRNS) stock jumps 8% as Cantor trims target, SaaS shift back in focus

New York, Jan 7, 2026, 12:53 EST — Regular session Varonis Systems (VRNS) shares jumped 8.3% to $36.06 by 12:53 EST on Wednesday, after touching $36.49 earlier in the session. The stock closed at $33.30 on Tuesday. The move lands as the Nasdaq was up about 0.7% and investors showed a steadier appetite for risk across tech. Varonis sells data security software that scans, classifies and monitors access to sensitive data across cloud and on-prem systems. Reuters Cantor Fitzgerald on Wednesday cut its price target on Varonis to $50 from $60 but kept an Overweight rating, tying the new target
7 January 2026
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China tells tech firms to pause Nvidia H200 orders — Beijing weighs homegrown AI chips

China tells tech firms to pause Nvidia H200 orders — Beijing weighs homegrown AI chips

BEIJING, Jan 8, 2026, 01:47 (GMT+8) Chinese authorities have told some tech firms to stop placing new orders for Nvidia’s H200 artificial-intelligence chips this week, the Information reported, as Beijing weighs whether to let the processors into the country. The move appears aimed at stopping companies from rushing to stockpile U.S. chips before officials settle on rules, and could be followed by a push to buy domestic AI processors instead, the report said. “China is committed to basing its national development on its own strengths,” Liu Pengyu, a spokesperson for the Chinese Embassy in the United States, said. Reuters The pause
7 January 2026
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Uber stock gains as CES robotaxi testing update puts autonomy back in focus

Uber stock gains as CES robotaxi testing update puts autonomy back in focus

NEW YORK, Jan 7, 2026, 12:14 EST — Regular session Uber Technologies (UBER) shares climbed on Wednesday, up about 1.7% at $87.03 in midday New York trading, after the company and partners detailed progress on a planned robotaxi service tied to the Uber app. Source The move landed as U.S. stocks turned mixed and investors sized up fresh labor data ahead of Friday’s monthly jobs report, a potential swing factor for rate bets and high-growth names. Source For Uber, autonomy is back in the conversation because it sits at the intersection of two things shareholders keep circling: whether the company
7 January 2026
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Google (Alphabet) GOOG stock rises as House tees up self-driving hearing; Waymo in focus

Google (Alphabet) GOOG stock rises as House tees up self-driving hearing; Waymo in focus

NEW YORK, Jan 7, 2026, 10:45 ET — Regular session Alphabet’s Class C shares rose about 1.7% to $319.98 in morning trade on Wednesday, outpacing a mixed U.S. market as investors digested fresh signals from Washington on self-driving rules. The House Energy and Commerce subcommittee plans a Jan. 13 hearing on draft proposals that would make it easier to deploy autonomous vehicles without human controls, including lifting the cap on exemptions to 90,000 vehicles a year from 2,500 now, a Reuters report said. Another draft would bar states from setting their own rules for autonomous driving systems, while a separate
7 January 2026
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Nvidia, AMD or Intel? CES 2026 AI chip rollouts sharpen 2026 stock callsLAS VEGAS,

Nvidia, AMD or Intel? CES 2026 AI chip rollouts sharpen 2026 stock callsLAS VEGAS,

January 7, 2026, 07:31 PST Nvidia’s next-generation Vera Rubin platform is now in “full production,” CEO Jensen Huang said at CES in Las Vegas, giving investors a sharper sense of when the hardware driving the AI boom is due to land. Why it matters now: CES has turned into a pit stop on the chip industry’s road map. Cloud firms and big AI developers show up looking for the next wave of data center gear, kicking the tires ahead of earnings season. But the stakes keep rising as companies move from training giant models to running them at scale for
7 January 2026
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Sandisk stock dips today after Nvidia CES boost; BofA lifts SNDK target to $390

Sandisk stock dips today after Nvidia CES boost; BofA lifts SNDK target to $390

NEW YORK, January 7, 2026, 10:32 EST — Regular session Sandisk Corp shares fell 2.9% to $339.4 in morning trading on Wednesday, as traders trimmed positions after a fast run in data-storage names. The stock has traded between $331.74 and $350.53 so far. Western Digital slid 10.2% and Seagate Technology dropped 8.9%, while Nvidia gained 1.9%. The move follows a surge of more than 27% for Sandisk on Tuesday after Nvidia CEO Jensen Huang, speaking at CES in Las Vegas, described a new layer of storage technology aimed at speeding up AI workloads. Western Digital rose 17%, Seagate gained 14%
7 January 2026
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AMD stock slips in regular trade as CES buzz fades and Feb. 3 earnings loom

AMD stock slips in regular trade as CES buzz fades and Feb. 3 earnings loom

New York, Jan 7, 2026, 10:28 EST — Regular session Advanced Micro Devices shares fell 1.7% to $210.63 in morning trading on Wednesday, even as Nvidia rose 1.8% and Intel jumped 8.8%. The slide comes a day after AMD set Feb. 3 for fiscal fourth-quarter and full-year results, with a conference call scheduled for 5 p.m. EST after the market close. AMD also said Chief Technology Officer Mark Papermaster will present at Morgan Stanley’s Technology, Media & Telecom Conference on March 3. Advanced Micro Devices, Inc. At CES this week, AMD rolled out fresh hardware aimed at the AI buildout.
7 January 2026
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Snap stock ticks higher toward $9 as investors eye Friday jobs report and court fight

Snap stock ticks higher toward $9 as investors eye Friday jobs report and court fight

New York, January 7, 2026, 10:36 EST — Regular session Snap Inc (SNAP) shares rose 0.8% to $8.86 in morning trade on Wednesday, hovering just under $9. The stock has traded between $8.75 and $8.975, with about 8.4 million shares changing hands. The Snapchat owner’s stock has climbed for two straight sessions, closing up 1.48% on Monday and jumping 6.55% on Tuesday to $8.79. Tuesday’s volume hit 49 million shares, above its 50-day average of 44.3 million, though the stock remains about 34% below its 52-week high of $13.28. MarketWatch+1 Wall Street’s main indexes opened little changed on Wednesday after
7 January 2026
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NIO stock ticks up as CATL battery-swap pact, millionth-vehicle milestone hit tape

NIO stock ticks up as CATL battery-swap pact, millionth-vehicle milestone hit tape

NEW YORK, Jan 7, 2026, 09:45 (EST) — Regular session NIO Inc shares were up 0.2% at $4.79 in early New York trading on Wednesday after battery maker CATL said it had signed a five-year cooperation agreement with the Chinese electric-vehicle maker. U.S.-listed peers XPeng and Li Auto were down, while Tesla slipped slightly. Gasgoo Auto News The pact puts attention back on battery swapping — replacing a drained battery with a charged one in minutes — a differentiator for NIO that also demands heavy spending. With China’s EV market still grinding through price pressure, investors are looking for clean
7 January 2026
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Apple stock drops premarket as AAPL faces jobs data, App Store appeal, earnings clock

Apple stock drops premarket as AAPL faces jobs data, App Store appeal, earnings clock

New York, Jan 7, 2026, 09:25 EST — Premarket Apple Inc shares were down $5.04, or 1.9%, at $262.36 in premarket trading on Wednesday, after closing at $267.40 in the prior session. The slip comes with investors fixated on labor data and what it means for interest rates, after a tech-led rally in the previous session. “It’s not giving you a great look into what’s happening,” Kim Forrest, chief investment officer at Bokeh Capital Partners, said of the ADP report. Reuters Payrolls processor ADP reported U.S. private payrolls rose by 41,000 in December, below the 47,000 economists polled by Reuters
7 January 2026
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Stock Market Today

iFAST share price drops 3% as markets shut; earnings next week in focus

iFAST share price drops 3% as markets shut; earnings next week in focus

7 February 2026
iFAST shares fell 3.2% to S$9.64 in heavy trading Friday, closing near the day’s low as investors awaited FY2025 results due Feb. 12. The stock is about 13% below its 52-week high. iFAST recently agreed to buy a 30% stake in Financial Alliance for S$19.6 million, pending regulatory approval. Assets under administration stood at S$30.62 billion as of Sept. 30.
Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

7 February 2026
Sembcorp shares closed at S$6.05 on Friday, down 0.33%, as Singapore’s STI dropped 0.8%. Shareholders approved the A$6.5 billion Alinta Energy takeover on Jan 30, but the deal still faces regulatory and closing conditions. Sembcorp will release FY2025 results on Feb 25 before market open. Trading volume reached about 4.3 million shares.
Hongkong Land share price drops 4% despite fresh buyback — what investors watch next

Hongkong Land share price drops 4% despite fresh buyback — what investors watch next

7 February 2026
Hongkong Land shares fell 4.2% to US$8.18 in Singapore on Friday after the company disclosed a buyback of 170,000 shares at US$8.5252 each on Feb. 5, with plans to cancel them. The drop followed a volatile week marked by a new Singapore real estate fund launch and an expanded buyback programme. Investors are watching for the group’s annual results on March 5.
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