Business 11 February 2026 - 12 February 2026

Google Expands Intel AI Chip Deal, Backs Xeon 6 for Data Centers as Intel Shares Rise
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Google Expands Intel AI Chip Deal, Backs Xeon 6 for Data Centers as Intel Shares Rise

Google will expand its use of Intel Xeon processors, including the new Xeon 6, across its cloud infrastructure and deepen collaboration on custom chips, both companies said Thursday. Intel shares rose 2.3% to $60.33 in morning trading. Google Cloud already uses Xeon chips in C4 and N4 instances and has committed to future generations. The agreement comes as demand for CPUs rises amid shifts in AI deployment.
April 9, 2026
Rivian stock lifts on R2 launch timeline, but 2026 outlook points to more losses
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Rivian stock lifts on R2 launch timeline, but 2026 outlook points to more losses

Rivian forecast 2026 deliveries of 62,000 to 67,000 vehicles, up from 42,247 in 2025, as it prepares to launch the R2 SUV in the second quarter. The company posted $1.29 billion in fourth-quarter revenue and $120 million in gross profit, but reported a net loss of $804 million. Rivian guided to an adjusted EBITDA loss of $1.8 billion to $2.1 billion and capital spending up to $2.05 billion this year.
February 12, 2026
Pinterest earnings: Stock drops on weak Q1 revenue outlook as AI pivot faces a tougher ad fight
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Pinterest earnings: Stock drops on weak Q1 revenue outlook as AI pivot faces a tougher ad fight

Pinterest forecast first-quarter revenue of $951 million to $971 million, missing analysts’ $980.1 million estimate. Shares dropped about 12% in after-hours trading following the outlook. Fourth-quarter revenue rose 14% to $1.319 billion, with monthly active users reaching 619 million. The company recently announced job cuts affecting less than 15% of its workforce.
February 12, 2026
Ford forecasts 2026 profit rebound after tariff surprise and EV write-downs
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Ford forecasts 2026 profit rebound after tariff surprise and EV write-downs

Ford projected 2026 adjusted EBIT of $8 billion to $10 billion after posting a $8.2 billion net loss in 2025, citing electric-vehicle charges and higher costs. The company expects $5 billion to $6 billion in adjusted free cash flow and $9.5 billion to $10.5 billion in capital spending this year. Ford’s EV unit lost $4.8 billion in 2025. Shares rose about 1% to $13.98 in afternoon trading.
February 12, 2026
Micron stock jumps again after HBM4 shipment update, Morgan Stanley target lift
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Micron stock jumps again after HBM4 shipment update, Morgan Stanley target lift

Micron shares rose 6.7% to $437.78 Thursday after its CFO said high-volume HBM4 chip production and customer shipments have begun. The stock extended a 10% rally from the previous day as investors responded to updates on next-generation AI memory supply. Morgan Stanley raised its price target to $450, citing strong DRAM pricing. Samsung also announced it has started shipping HBM4 chips.
February 12, 2026
Sandisk stock price jumps again as Kioxia outlook sparks a fresh memory-chip rally
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Sandisk stock price jumps again as Kioxia outlook sparks a fresh memory-chip rally

Sandisk shares rose about 8% to $645.54 in early Nasdaq trade Thursday, extending a 10.7% gain from the previous session after Kioxia reported its 2026 NAND capacity is sold out. The rally followed Kioxia’s upbeat revenue forecast and lifted other memory stocks. Sandisk’s next earnings report is due May 13. The company recently extended its joint venture with Kioxia through 2034.
February 12, 2026
Kingsoft Cloud stock jumps 10% as Goldman upgrade spotlights Xiaomi AI spending
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Kingsoft Cloud stock jumps 10% as Goldman upgrade spotlights Xiaomi AI spending

Kingsoft Cloud shares surged about 10% to $14.43 in early U.S. trading after Goldman Sachs upgraded the stock to “Buy” and raised its price target to $15.60. The upgrade cited Xiaomi’s increased AI investment and a likely renewal of a key transaction agreement. Kingsoft Cloud stock is up roughly 40% year-to-date. Investors are awaiting the company’s next earnings report on March 25.
February 12, 2026
GlobalFoundries stock rises in premarket after buyback plan; COO exit in focus
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GlobalFoundries stock rises in premarket after buyback plan; COO exit in focus

GlobalFoundries shares rose 2.4% premarket to $49.91 after reporting Q4 revenue of $1.83 billion and authorizing a $500 million buyback. The company forecast Q1 revenue above analyst estimates and said silicon photonics revenue doubled last year. President and COO Niels Anderskouv will resign March 2. Chip stocks and the iShares Semiconductor ETF also traded higher.
February 12, 2026
McDonald’s Q4 2025 earnings beat as value meals pull customers back and same-store sales jump
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McDonald’s Q4 2025 earnings beat as value meals pull customers back and same-store sales jump

McDonald’s global comparable sales rose 5.7% in Q4, beating analyst estimates, as revenue jumped 10% to $7.01 billion and adjusted earnings reached $3.12 per share. The company raised its quarterly dividend 5% and reported U.S. sales rebounded sharply after a previous dip. CEO Chris Kempczinski credited value meal deals for gains among lower-income households. Executives warned of a slower start to 2026 due to January weather.
February 12, 2026
AMP shares crater nearly 28% after FY25 results as CEO Alexis George heads for exit
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AMP shares crater nearly 28% after FY25 results as CEO Alexis George heads for exit

AMP shares plunged 27.7% to A$1.26 after full-year results showed statutory NPAT down 11.3% to A$133 million, despite underlying NPAT rising 20.8% to A$285 million. Assets under management climbed 9% to A$161.7 billion. CEO Alexis George will retire March 30, with CFO Blair Vernon set to succeed her. Hub24 and Netwealth also fell 5.3% and 4.5%, respectively.
February 12, 2026
Emerson Electric stock drops 4% after wild swing; investors eye CEO conference talks next week
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Emerson Electric stock drops 4% after wild swing; investors eye CEO conference talks next week

Emerson Electric shares dropped 4.3% to $154.67 in after-hours Wednesday, reversing a three-day rally on heavy volume. The move followed the launch of a new emissions-monitoring gas analyzer and announcements of two upcoming investor conference appearances. Senior Vice President Nicholas Piazza sold 6,703 shares on Feb. 9 at about $159 each, according to a regulatory filing.
February 11, 2026
Burlington Stores (BURL) stock edges up as flat retail sales keeps consumer spending in focus
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Burlington Stores (BURL) stock edges up as flat retail sales keeps consumer spending in focus

Burlington Stores shares closed up 0.4% at $305.83 Wednesday after trading between $304.62 and $310.79. U.S. retail sales were flat in December, missing forecasts, while other off-price retailers were mixed. Burlington remains within its 52-week range ahead of its Feb. 26 earnings report. Investors are watching for updates on demand and inventory after weak holiday sales.
February 11, 2026
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