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Technology News 6 January 2026 - 7 January 2026

Johnson Controls (JCI) stock slides 6% after Nvidia’s “no water chillers” line jolts data-center cooling trade

Johnson Controls (JCI) stock slides 6% after Nvidia’s “no water chillers” line jolts data-center cooling trade

New York, Jan 6, 2026, 20:13 (EST) — Market closed Johnson Controls International plc (NYSE: JCI) shares closed down 6.2% at $113.95 on Tuesday after Nvidia CEO Jensen Huang said the chipmaker’s next platform would sharply reduce the cooling equipment needed in data centers. The stock was down as much as 7.5% earlier in the session and hit a multi-month low. (Source: Reuters) The selloff matters because investors have treated Johnson Controls and other heating, ventilation and air-conditioning (HVAC) suppliers as a way to play the AI-driven buildout of data centers. Cooling is a basic cost of running server farms,
Applied Materials stock jumps to a fresh 52-week high as CES AI talk lifts chip-equipment shares

Applied Materials stock jumps to a fresh 52-week high as CES AI talk lifts chip-equipment shares

New York, Jan 6, 2026, 19:34 (EST) — After-hours Applied Materials Inc shares rose 4.1% to $296.01 on Tuesday, marking a fresh 52-week high as buyers piled into chip-equipment names. The stock traded between $284.00 and $298.09 and finished above its prior peak near $287.74 set a session earlier, with volume slightly below its recent average. MarketWatch The move comes as chip stocks gained on renewed AI optimism, lifting the Philadelphia Semiconductor Index to a record and helping Wall Street end higher. Jed Ellerbroek, a portfolio manager at Argent Capital, said he expects “a very strong earnings season for Big
AST SpaceMobile stock jumps on AT&T satellite-to-phone beta plan — what investors watch next

AST SpaceMobile stock jumps on AT&T satellite-to-phone beta plan — what investors watch next

New York, Jan 6, 2026, 19:29 EST — After-hours AST SpaceMobile shares rose 7.2% in Tuesday’s regular session and were down 1.8% to $95.75 in after-hours trading. marketwatch.com The latest move underscores how quickly investors are repricing satellite-to-phone coverage as U.S. wireless carriers look for ways to plug dead zones without building more towers. For AST SpaceMobile, steps toward a beta are the clearest near-term marker that its space-based cellular strategy is moving from tests to early commercialization. AT&T said it expects to start offering a “beta” direct-to-device satellite service in the first half of this year, initially to “a
Walmart stock (WMT) rises as Walmart Connect rolls out ad assistant ahead of earnings

Walmart stock (WMT) rises as Walmart Connect rolls out ad assistant ahead of earnings

New York, January 6, 2026, 19:15 ET — After-hours Walmart Inc shares were up 1.5% at $114.34 in after-hours trading on Tuesday, after trading between $112.02 and $114.78 in the session as investors weighed an update from the company’s advertising unit. The stock move matters because Walmart is leaning harder on higher-margin businesses such as advertising as it tries to keep profit growth steady even when shoppers stay cautious on discretionary spending. Wall Street has been watching whether the retailer can keep expanding beyond price-led grocery traffic without giving up too much margin. Walmart Connect detailed a new “Marty” advertising
IREN stock drops after-hours as traders cool on CES AI buzz and crypto beta

IREN stock drops after-hours as traders cool on CES AI buzz and crypto beta

New York, Jan 6, 2026, 19:15 EST — After-hours IREN Ltd shares fell 4.8% to $45.91 in after-hours trading on Tuesday, giving back part of the prior session’s sharp rally. The slide followed a volatile start to 2026 for the Nasdaq-listed company, which had closed at $48.24 on Monday after a roughly 13% jump, data and market commentary showed. MarketBeat The moves matter now because investors are treating IREN as a high-beta proxy for two themes that have driven price action this week: bitcoin and demand for AI computing capacity. At CES in Las Vegas, Nvidia CEO Jensen Huang said
Nebius Group (NBIS) stock jumps after Nvidia Rubin NVL72 plan — what investors watch next

Nebius Group (NBIS) stock jumps after Nvidia Rubin NVL72 plan — what investors watch next

NEW YORK, January 6, 2026, 18:54 EST — After-hours Nebius Group N.V. shares climbed about 8% in after-hours trading on Tuesday, extending a strong day for the AI infrastructure provider after it said it would offer NVIDIA’s next-generation Vera Rubin NVL72 platform in the United States and Europe from the second half of 2026. The move matters for investors because access to top-end chips is one of the main bottlenecks for AI cloud providers. Securing early supply can help firms win multi-year deals, while late deliveries can leave them priced out as customers lock up capacity elsewhere. Nebius sells computing
Marvell stock slides after $540 million XConn deal as MRVL doubles down on AI data-center switching

Marvell stock slides after $540 million XConn deal as MRVL doubles down on AI data-center switching

New York, Jan 6, 2026, 18:54 EST — After-hours Marvell Technology (MRVL.O) shares fell 2.2% to $88.23 on Tuesday, even as U.S. stocks ended higher, after the chipmaker agreed to buy networking technology firm XConn Technologies for about $540 million. The stock was little changed in after-hours trading. MarketWatch The deal lands as investors scrutinize the plumbing behind the AI boom, not just the chips that do the math. As data centers scale up clusters of accelerators, bottlenecks often show up in the links that move data between processors, memory and servers. Marvell has been leaning into that shift, pitching
Texas Instruments stock jumps 8% as Microchip update sparks analog-chip rally

Texas Instruments stock jumps 8% as Microchip update sparks analog-chip rally

New York, January 6, 2026, 18:32 EST — After-hours Texas Instruments shares jumped on Tuesday and held near the day’s highs in after-hours trading, riding a rally in analog chipmakers after Microchip Technology lifted its quarterly sales view. TXN was last up 8.4% at $192.10, after trading between $178.01 and $192.82. Investing.com The move matters because Texas Instruments is a closely watched read on demand for chips that go into factories and cars — markets investors have flagged as slow to rebound after customers spent months working down inventories. Microchip said on Monday it expects net sales of about $1.185
Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

London, January 6, 2026, 23:14 GMT Octopus Energy’s software arm Kraken has raised about $1 billion in its first standalone equity round, valuing the utility technology business at $8.65 billion, Ontario Teachers’ Pension Plan said on Monday. Octopus will keep a 13.7% stake in Kraken after the split, it said. OTPP The carve-out puts fresh capital behind a bet that utilities will pay up for modern systems as grids strain under electrification and more variable renewable power. It also aims to make Kraken easier to sell to rival suppliers by loosening its ties to Octopus, which operates a large retail
Western Digital (WDC) stock jumps 17% after Nvidia CES storage talk sparks AI-driven rally

Western Digital (WDC) stock jumps 17% after Nvidia CES storage talk sparks AI-driven rally

New York, January 6, 2026, 16:58 (EST) — After-hours Western Digital Corp shares were up 16.8% at $219.38 in after-hours trading on Tuesday, after touching $221.16 earlier in the day. The move tracked a broader jump in data-storage stocks as investors leaned into demand tied to artificial-intelligence data centers. AP News The buying followed comments from Nvidia CEO Jensen Huang at the CES tech show in Las Vegas, where he detailed a next-generation “Vera Rubin” chip platform and described a new layer of storage technology called “context memory storage.” Huang said the feature is designed to help chatbots respond faster
Meta stock ticks up after-hours as Ray-Ban Display rollout is paused on U.S. demand

Meta stock ticks up after-hours as Ray-Ban Display rollout is paused on U.S. demand

New York, Jan 6, 2026, 16:49 EST — After-hours Meta Platforms Inc (META.O) shares were up about 0.3% at $660.62 in after-hours trading on Tuesday after the company paused international expansion of its Ray-Ban Display smart glasses. Meta cited limited supply and heavy U.S. demand, and said waitlists now stretch well into 2026, forcing it to reassess launches planned for the UK, France, Italy and Canada. The stock traded between $651.92 and $665.47 in the regular session, and IDC’s Francisco Jeronimo put first-quarter unit sales at about 15,000, or roughly 6% market share in the category. Reuters The move matters
Palantir stock jumps after Truist starts coverage with Buy and $223 target

Palantir stock jumps after Truist starts coverage with Buy and $223 target

NEW YORK, Jan 6, 2026, 16:40 ET — After-hours Palantir Technologies shares rose 3.2% to $179.71 in after-hours trading on Tuesday after Truist Securities initiated coverage of the data-analytics software company with a “buy” rating and a $223 price target. Truist’s target implies about 28% upside from the prior close, after a run that left the stock up about 118% over the past year. Longbridge SG The call lands as investors reset positions in AI-linked stocks at the start of the year, with Wall Street pressing higher on renewed optimism around spending on chips and data centers even as valuations
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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