News 12 February 2026

Cisco stock slides nearly 11% after earnings as margin pressure spooks CSCO traders
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Cisco stock slides nearly 11% after earnings as margin pressure spooks CSCO traders

Cisco shares fell about 11% to $76.21 Thursday after the company forecast lower gross margins for the next quarter despite raising its full-year revenue outlook. Second-quarter revenue rose 10% to $15.3 billion, but investors focused on margin pressure from rising memory costs. The drop weighed on other hardware stocks, including Arista, Dell, and HPE.
February 12, 2026
Netflix stock drops 5% as Warner deal pushback grows — what’s next for NFLX
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Netflix stock drops 5% as Warner deal pushback grows — what’s next for NFLX

Netflix shares fell 5.1% to $75.53 in late-morning Thursday trading amid uncertainty over its proposed deal with Warner Bros Discovery. Activist investor Ancora said it would oppose the Warner-Netflix deal and support Paramount’s rival bid. Paramount extended its $30-a-share cash offer and pledged to cover Warner’s $2.8 billion breakup fee to Netflix. Traders are watching shareholder votes and antitrust reviews.
February 12, 2026
Intel stock price today: INTC slips as Rakuten AI telecom deal puts MWC in focus
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Intel stock price today: INTC slips as Rakuten AI telecom deal puts MWC in focus

Intel shares fell 0.9% to $47.87 Thursday morning, lagging gains in other chip stocks despite renewed focus on its telecom AI strategy. The stock moved between $47.44 and $48.95. Investors remain cautious, seeking proof that Intel’s network and edge efforts will generate real orders. Traders are watching Mobile World Congress in March for customer wins or deployment news.
February 12, 2026
Broadcom stock slips as UBS touts TPUs, Cisco raises AI networking stakes

Broadcom stock slips as UBS touts TPUs, Cisco raises AI networking stakes

Broadcom shares fell 1.1% to $338.84 Thursday morning after touching $346.23 earlier. UBS reiterated a Buy rating and $475 price target, citing accelerating demand for Broadcom’s TPU chips and projected $60 billion in AI revenue for 2026. Cisco launched new AI data center chips this week, intensifying competition. ByteDance is developing its own AI chip and has been linked to both Samsung and Broadcom.
February 12, 2026
AppLovin stock price dives in regular trading after earnings beat fails to calm competition jitters
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AppLovin stock price dives in regular trading after earnings beat fails to calm competition jitters

AppLovin shares dropped about 18% to $375.13 Thursday after its quarterly report, despite beating sales estimates and forecasting higher first-quarter revenue. The company posted fourth-quarter sales of $1.66 billion and net income of $1.10 billion. CEO Arash Foroughi told analysts operating performance was at a record high. Investors remain concerned about competition and the impact of economic uncertainty on ad budgets.
February 12, 2026
Shopify stock price slides: SHOP selloff shifts focus to cash‑flow margin and $2 billion buyback
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Shopify stock price slides: SHOP selloff shifts focus to cash‑flow margin and $2 billion buyback

Shopify shares dropped 7.8% to $109.44 Thursday morning after the company forecast a lower first-quarter free cash flow margin despite strong revenue growth. The stock had briefly topped $121 earlier in the session. Shopify reported $3.67 billion in fourth-quarter revenue and $715 million in free cash flow. A $2 billion buyback program begins February 17.
February 12, 2026
ICON (ICLR) stock price tumbles 40% after accounting probe delays 2025 results
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ICON (ICLR) stock price tumbles 40% after accounting probe delays 2025 results

ICON plc shares plunged 42% to $77.73 after the company disclosed an audit committee investigation into its accounting and delayed its 2025 results. Preliminary findings suggest revenue for 2023 and 2024 may have been overstated by less than 2% each year. ICON withdrew 2025 guidance and expects to report material weaknesses in financial controls. The company aims to release results by April 30.
February 12, 2026
GOOG stock rebounds as Alphabet clears $32 billion Wiz hurdle and sells rare 100-year bond
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GOOG stock rebounds as Alphabet clears $32 billion Wiz hurdle and sells rare 100-year bond

Alphabet’s Class C shares rose 0.4% to $312.47 Thursday morning after EU regulators cleared Google’s $32 billion Wiz acquisition. The company also raised £1 billion with a rare 100-year sterling bond as part of a $31.51 billion global debt sale. Alphabet shares had closed down 2.29% Wednesday. The European Publishers Council filed a new antitrust complaint over Google’s AI Overviews.
February 12, 2026
Sandisk stock price jumps as memory-chip shortage headlines lift SNDK again
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Sandisk stock price jumps as memory-chip shortage headlines lift SNDK again

Sandisk shares surged 10.3% to $661.18 in morning trading Thursday, following news of Samsung’s latest HBM4 memory chip shipments and ongoing supply concerns. Seagate, Western Digital, and Micron also advanced. Memory prices have climbed up to 90% since late 2025, with companies overbooking components and PC makers raising prices. Sandisk forecast third-quarter revenue of $4.4–$4.8 billion.
February 12, 2026
Baxter stock tumbles 13% after weak 2026 forecast; storm-hit North Cove plant weighs again

Baxter stock tumbles 13% after weak 2026 forecast; storm-hit North Cove plant weighs again

Baxter shares fell 13% to $19.31 after the company missed Q4 earnings and issued a 2026 profit forecast below Wall Street expectations. Ongoing hurricane-related disruption at its North Cove IV fluids plant weighed on results. Baxter posted a GAAP loss of $2.01 per share after charges. The board named ex-Biogen CFO Michael McDonnell as director and declared a $0.01 dividend.
February 12, 2026
Palo Alto Networks stock slips as CyberArk deal closes and Tel Aviv listing plan surfaces
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Palo Alto Networks stock slips as CyberArk deal closes and Tel Aviv listing plan surfaces

Palo Alto Networks shares slipped 0.2% after the company confirmed plans for a secondary listing in Tel Aviv following its $25 billion CyberArk acquisition. An SEC filing detailed changes to CyberArk’s convertible notes and related hedges. Palo Alto will keep CyberArk’s products standalone for now. Investors await the company’s Feb. 17 earnings for updates on integration and demand.
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
Argan stock jumps again before the open after 14% surge; options turn busy
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Argan stock jumps again before the open after 14% surge; options turn busy

Argan Inc shares climbed 1.8% to $430 in premarket trading Thursday, extending a 13.7% surge from the previous session. The company’s backlog reached $3.0 billion in December, driven by new Texas gas projects. Options trading spiked Wednesday, with 2,358 contracts exchanged. Director John R. Jeffrey Jr sold 5,000 shares on Jan. 27 at $360.78 each.
February 12, 2026
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