Finance 23 January 2026 - 8 February 2026

Uber forecast first-quarter adjusted earnings of 65 to 72 cents per share, below analysts’ 76-cent estimate, sending shares down about 5%. The company raised its gross bookings outlook and plans to launch robotaxi services in Madrid, Hong Kong, Houston, and Zurich. CFO Prashanth Mahendra-Rajah will step down, with Balaji Krishnamurthy named as his successor.

AMD shares fell nearly 7% in premarket trading after forecasting first-quarter revenue of about $9.8 billion, below its record $10.27 billion in Q4. Data center sales surged 39% last quarter, helped by China-approved AI chip shipments. Analysts questioned the pace of AMD’s AI growth. Gross margin reached 54%, with adjusted earnings at $1.53 per share.

Elon Musk said SpaceX has acquired his AI startup xAI in a deal valuing the combined company at $1.25 trillion. xAI investors will get 0.1433 SpaceX shares per xAI share, with some executives able to take cash at $75.46 per share, according to a person familiar with the matter. The deal comes as SpaceX prepares for a public stock offering later this year.

Montage plans to price its Hong Kong share sale at the top of its range, seeking up to HK$7.04 billion ($902 million), sources said. The final price is due Feb. 5, with trading to start Feb. 9. Cornerstone investors have pledged $450 million. The company will sell 65.9 million H shares, valuing Montage near HK$180.36 billion.

Capgemini said it will sell its U.S. unit, Capgemini Government Solutions, after scrutiny over a contract with U.S. Immigration and Customs Enforcement. The company cited U.S. legal limits on controlling the subsidiary, which accounts for about 0.4% of projected 2025 revenue. No buyer or sale timeline was disclosed. The ICE contract is not currently active.

U.S. software stocks fell sharply Thursday after SAP’s cloud outlook and a post-earnings plunge in ServiceNow shares. The S&P 500 Software and Services Index dropped 6.5%. SAP lost 15% in Frankfurt, erasing over 40 billion euros in value after its 2026 cloud forecast missed estimates. ServiceNow’s stock slid despite raising its 2026 subscription revenue target and announcing a $5 billion buyback.

Texas Instruments forecast first-quarter revenue of $4.32–$4.68 billion and EPS of $1.22–$1.48, both above analyst estimates. Shares jumped nearly 9% after the company reported a 70% surge in data-center revenue for Q4 and said it will break out that segment separately. Q4 revenue reached $4.42 billion, with net income at $1.16 billion. Analysts cautioned that high capital spending and weak electronics demand could weigh on recovery.

EquipmentShare.com began trading on Nasdaq Friday, opening at $28.50 and valuing the company near $7.16 billion, above its $24.50 IPO price. The firm raised about $747 million by selling 30.5 million shares. EquipmentShare operates 373 U.S. locations and reported a $25.2 million net loss for the first nine months of 2025 on $2.8 billion in sales.

Sberbank bought a 41.9% stake in microelectronics maker Element for 27 billion roubles ($355.7 million), surpassing Rostec’s 41.6% holding. The deal sets up a control struggle between the state-owned bank and the defense conglomerate. Sberbank acquired the shares from Sistema and other minority holders and plans a buyout offer. All three firms face Western sanctions over the Ukraine war.