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Artificial Intelligence News 29 January 2026

Analog Devices stock slips from a fresh high as AI spending jitters weigh on chip shares

Analog Devices stock slips from a fresh high as AI spending jitters weigh on chip shares

New York, Jan 29, 2026, 15:35 ET — Regular session Shares of Analog Devices, Inc. slipped $1.46, or roughly 0.5%, to $316.17 on Thursday, trimming some gains after Wednesday’s jump that took the stock to a fresh 52-week high. This shift is significant as Analog Devices has become a key indicator for the “boring” segment of AI — the analog…
Intuit (INTU) stock drops about 8% as AI fears slam software — what traders watch next

Intuit (INTU) stock drops about 8% as AI fears slam software — what traders watch next

New York, Jan 29, 2026, 15:30 ET — Regular session. Intuit Inc shares plunged 7.5% to $498.09 in Thursday afternoon trading, wiping out roughly $40 per share from Wednesday’s close. The stock hovered close to its session lows. This shift is significant since Intuit is now viewed less as a tax-season defensive play and more like a high-multiple software stock…
Meta stock jumps nearly 10% after earnings, even with $135 billion AI spending plan

Meta stock jumps nearly 10% after earnings, even with $135 billion AI spending plan

New York, January 29, 2026, 14:50 (EST) — Regular session Shares of Meta Platforms, Inc. jumped roughly 10% to $735.36 in afternoon trading on Thursday, hitting a high of $741.63 earlier. Volume reached about 48 million shares, lifting the company’s market capitalization to near $1.8 trillion. The move arrives amid a fierce debate in the market: how far is too…
IBM stock jumps today after earnings beat as investors weigh AI demand and Red Hat slowdown

IBM stock jumps today after earnings beat as investors weigh AI demand and Red Hat slowdown

New York, January 29, 2026, 14:06 EST — Regular session underway. International Business Machines Corp shares climbed 3.9% to $305.65 Thursday afternoon, after hitting a session high of $323.78. The jump came after the company’s late-Wednesday earnings report topped estimates and reaffirmed its 2026 outlook. The bounce is crucial since investors have grown jittery about software, despite the rising demand…
Microsoft stock dives 12% on AI spending jitters as Meta jumps — AI stocks split today

Microsoft stock dives 12% on AI spending jitters as Meta jumps — AI stocks split today

New York, Jan 29, 2026, 14:01 EST — Regular session Microsoft dropped nearly 12% on Thursday, pulling down a broad group of AI-related stocks. Meta Platforms, on the other hand, surged around 10% after investors applauded its ad-driven earnings, even with a fresh wave of spending announced. Nvidia slipped about 0.6%, Amazon lost roughly 1.6%, and Apple remained mostly flat…
Dow Jones slips as Microsoft earnings jolt the AI trade; Apple results loom

Dow Jones slips as Microsoft earnings jolt the AI trade; Apple results loom

New York, Jan 29, 2026, 13:32 EST — Regular session By 1:31 p.m. EST, the Dow Jones Industrial Average had dropped 143.74 points, or 0.29%, settling at 48,871.86. The S&P 500 was down 0.73%, while the Nasdaq Composite slid 1.46%. So far today, the Dow has fluctuated between 48,597.22 and 49,292.81. (Google) The drop is significant as it hits during…
Microsoft stock price tumbles 12% as record AI spending and Azure outlook rattle Wall Street

Microsoft stock price tumbles 12% as record AI spending and Azure outlook rattle Wall Street

New York, Jan 29, 2026, 13:41 ET — Regular session Microsoft shares dropped roughly 12% on Thursday, edging the stock closer to its session low as investors weighed the company’s record AI spending alongside renewed doubts about its cloud growth. By early afternoon, shares had fallen 12.0% to $423.78. The decline hits more than just one company. Microsoft serves as…
Salesforce stock dives as software selloff deepens on AI disruption fears — what investors watch next

Salesforce stock dives as software selloff deepens on AI disruption fears — what investors watch next

New York, Jan 29, 2026, 12:42 EST — Regular session Salesforce (CRM) shares dropped $14.84, or 6.5%, to $213.12 in midday trading Thursday, caught up in a broad selloff in software stocks following disappointing results from SAP and ServiceNow. The S&P 500 Software and Services index plunged 8.7%, hitting its lowest level in nine months. J.P. Morgan analysts said sentiment…
Seagate (STX) stock price slips after record rally on AI-driven outlook — what to watch next

Seagate (STX) stock price slips after record rally on AI-driven outlook — what to watch next

New York, Jan 29, 2026, 10:54 EST — Regular session Seagate Technology Holdings plc (STX) shares slipped 1.1% to $438.09 by late morning Thursday, following a volatile start. The stock swung between $437.82 and $457.18 after kicking off the day at $450. The drop follows Seagate’s 19% surge to a record high of $441.84, fueled by stronger-than-expected earnings and optimism…
Microsoft stock dives as AI spending bites; Nvidia steady, Meta jumps in split AI trade

Microsoft stock dives as AI spending bites; Nvidia steady, Meta jumps in split AI trade

New York, January 29, 2026, 10:12 EST — Regular session Microsoft dropped 10.7% to $429.87 in early trading, weighing on sentiment among AI-related stocks, even as chipmakers showed more resilience. Meta Platforms climbed 7.9%, while Nvidia slipped 0.2% and AMD inched up 0.2%. The latest setback for Microsoft is significant because investors are beginning to view “AI spend” as a…
Microsoft stock slides 10% after earnings beat as Azure outlook, AI bill unsettle Wall Street

Microsoft stock slides 10% after earnings beat as Azure outlook, AI bill unsettle Wall Street

New York, January 29, 2026, 10:01 EST — Regular session Microsoft shares dropped roughly 10% in early Thursday trading, deepening their steep slide after earnings. Investors grappled with the company’s record AI spending, which contrasted with just modest shifts in its short-term cloud outlook. The reaction is significant because Microsoft serves as a key indicator for corporate tech spending and…
Sandisk stock price rises ahead of earnings as AI storage trade stays in focus (SNDK)

Sandisk stock price rises ahead of earnings as AI storage trade stays in focus (SNDK)

NEW YORK, Jan 29, 2026, 09:54 EST — Regular session Sandisk shares ticked higher on Thursday morning as investors positioned for the flash-memory maker’s quarterly update due after U.S. markets close. The report lands at a touchy moment for memory and storage stocks, where rallies have fed on the idea that AI data centers are soaking up NAND flash memory…
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Stock Market Today

  • Elon Musk Considers Merging SpaceX and xAI Ahead of Public Listing
    January 29, 2026, 4:01 PM EST. Billionaire Elon Musk is exploring a merger between SpaceX, his rocket company, and xAI, which controls the X social media platform and Grok AI chatbot. The consolidation aims to bolster Musk's vision of AI data centres in space, despite expert skepticism. The planned public offering could unite SpaceX's rockets, Starlink satellites, and AI-driven social media under one entity. This move follows regulatory scrutiny over Grok-generated harmful content on X. The merger would involve exchanging xAI shares for SpaceX shares, with two Nevada entities facilitating the deal, whose value and timing remain undisclosed. Musk leads multiple ventures including Tesla and Neuralink, the latter focusing on brain-computer interfaces.
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