Business 11 February 2026 - 12 February 2026

DoorDash stock drops more than 5% as AI ‘agent’ memo rattles delivery apps
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DoorDash stock drops more than 5% as AI ‘agent’ memo rattles delivery apps

DoorDash shares fell 5.4% to $166.79 Monday after a research note warned AI agents could erode its fee advantage, calling the company “the poster child” for disruption. Uber dropped 3.7%, Instacart-parent Maplebear 1.4%. DoorDash also suspended service in parts of Connecticut due to a nor’easter. The decline followed a recent upbeat forecast and ongoing investor debate over platform loyalty and logistics.
February 23, 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
Meta stock slips after-hours as $10 billion Indiana AI data center plan sharpens focus on spending
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Meta stock slips after-hours as $10 billion Indiana AI data center plan sharpens focus on spending

Meta shares closed down 0.3% after announcing a $10 billion Indiana data center for AI, with investors weighing heavy spending. Bill Ackman’s Pershing Square revealed a $2 billion Meta stake, calling the stock undervalued for AI. A German court ordered Meta’s Edge Network to pay Deutsche Telekom €30 million over network fees. Meta executive Jennifer Newstead filed to sell 515 shares under a preset plan.
February 11, 2026
Philip Morris stock rises despite India keeping IQOS-style device ban, with investors eyeing next catalyst
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Philip Morris stock rises despite India keeping IQOS-style device ban, with investors eyeing next catalyst

Philip Morris International shares rose about 2% to $186.30 Wednesday, outperforming a flat S&P 500, after India said it would keep its 2019 ban on e-cigarettes and heated tobacco devices. The company’s IQOS device remains barred from a market selling over 100 billion cigarettes a year. CEO Jacek Olczak called the ban “illogical.” PMI executives are set to appear at the CAGNY conference on Feb. 18.
February 11, 2026
Six Flags stock slips again: FUN edges lower as traders eye Feb. 19 earnings and 2026 park plans
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Six Flags stock slips again: FUN edges lower as traders eye Feb. 19 earnings and 2026 park plans

Six Flags shares slipped 0.5% to $17.97 Wednesday afternoon, extending a two-day slide ahead of next week’s earnings report. Short interest stands at 23.6 million shares, about 24% of the public float. The company announced new features for its Great Adventure and Over Texas parks as it prepares for spring openings. Investors are watching for early signs of demand and pricing trends for the 2026 season.
February 11, 2026
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