Technology 12 February 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
Namibia wants $94 million to keep foot-and-mouth disease out as China hands over satellite data station
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Namibia wants $94 million to keep foot-and-mouth disease out as China hands over satellite data station

Namibia’s agriculture minister said the country needs N$1.5 billion ($94 million) more to guard its livestock industry against foot-and-mouth disease as outbreaks in South Africa and Botswana move closer. Cabinet has approved N$57.5 million, but officials warn exports could halt if the virus crosses the border. Namibia also received its first China-backed satellite data station for agriculture and related sectors.
February 12, 2026
TD Bank’s Super Bowl robot ad kicks off “More Human” rebrand across Canada and U.S.
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TD Bank’s Super Bowl robot ad kicks off “More Human” rebrand across Canada and U.S.

TD Bank Group has launched its “More Human” brand platform in Canada and the U.S., led by a 60-second Super Bowl ad called “The Delivery.” The campaign aims to unify TD’s identity across both countries and highlight a personal touch in digital banking. EMARKETER estimated the Super Bowl spot could cost up to $20 million. TD says the rollout will include new features like real-time fraud alerts.
February 12, 2026
Unity stock price tumbles after outlook miss; Wall Street watches Commerce Platform early access next week
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Unity stock price tumbles after outlook miss; Wall Street watches Commerce Platform early access next week

Unity Software shares traded near $21.41 in premarket Thursday, steady after plunging 26% the previous session. The company forecast first-quarter revenue below Wall Street estimates, citing a shift from its ironSource ad network to the new AI-driven Vector platform. Barclays and BTIG cut price targets, highlighting uncertainty over AI’s impact and ad-tech changes. Co-founder David Helgason and director Tomer Bar-Zeev resigned from the board.
February 12, 2026
Fastly stock jumps nearly 40% premarket after Q4 beat, 2026 forecast tops Street
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Fastly stock jumps nearly 40% premarket after Q4 beat, 2026 forecast tops Street

Fastly shares surged about 40% in premarket trading Thursday, reaching $13 after the company posted fourth-quarter results and a 2026 outlook above forecasts. Revenue rose 23% to $172.6 million, with adjusted profit at 12 cents a share. Fastly projected 2026 revenue of $700–$720 million. Analysts cited strong AI-driven traffic but noted customer concentration risks.
February 12, 2026
EssilorLuxottica stock price jumps after results; AI smartglasses and dividends in focus
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EssilorLuxottica stock price jumps after results; AI smartglasses and dividends in focus

EssilorLuxottica shares rose 3.9% to €260.50 in Paris after reporting 2025 revenue up 11.2% at constant exchange rates to €28.49 billion. The company proposed a €4.00 dividend per share, with a shareholder vote set for April 28. Net profit fell 1.9% to €2.32 billion due to tariffs and smartglasses ramp-up. Sales of “AI-glasses” topped 7 million units in 2025.
February 12, 2026
QuantumScape stock slips before the bell as 2026 cash-burn outlook lands
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QuantumScape stock slips before the bell as 2026 cash-burn outlook lands

QuantumScape shares fell 1.5% to $8.82 premarket after forecasting a 2026 adjusted EBITDA loss of $250 million to $275 million. The company ended 2025 with $970.8 million in liquidity and reported $19.5 million in customer billings. Fourth-quarter GAAP net loss was $100.1 million. Capital spending is set to rise, with 2026 capex forecast at $40 million to $60 million.
February 12, 2026
SoftBank’s OpenAI bet powers $1.6B profit as Vision Fund rebounds
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SoftBank’s OpenAI bet powers $1.6B profit as Vision Fund rebounds

SoftBank reported a 248.6 billion yen profit for the October-December quarter, driven by a surge in OpenAI’s valuation. The company’s loan-to-value ratio rose to 20.6% as it increased borrowing and asset sales to fund AI investments. Quarterly revenue climbed 8% to 1.98 trillion yen. SoftBank’s stake in OpenAI Group PBC reached about 11% after a December closing.
February 12, 2026
Sensex drops 500 points, Nifty below 25,850 as Infosys, TCS lead IT selloff
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Sensex drops 500 points, Nifty below 25,850 as Infosys, TCS lead IT selloff

The Sensex dropped 515.63 points to 83,718.01 and the Nifty 50 lost 132.85 points to 25,821 by late morning Thursday, led by a 4% to 5% slide in major IT stocks including Infosys and TCS. Analysts cited renewed automation concerns after Anthropic’s AI launch and fading hopes for a U.S. rate cut. Brent crude rose, adding pressure. Mid- and small-cap indices also slipped nearly 1%.
February 12, 2026
Technology News 12.02.2026
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Technology News 12.02.2026

ENDEDLive coverage has endedEnded: February 13, 2026, 12:06 AM EST SpaceX and xAI merge; Moon base, space datacenters and IPO plan February 12, 2026, 11:58 PM EST. SpaceX and xAI announced a merger forming a new company that will pursue an IPO, according to Musk Industries. The plan includes space-based datacenters and a Moon base rather than Mars. SpaceX's revenue is said to come largely from Starlink, a satellite broadband service with a growing subscriber base. The firm is said to achieve cost advantages in launching payloads via Starship, enabling rapid scale of space logistics and telecom capacity. Analysts note
February 12, 2026
BorgWarner stock jumps 22% after earnings beat and AI data-center power deal
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BorgWarner stock jumps 22% after earnings beat and AI data-center power deal

BorgWarner shares jumped 22.5% to $66.10 in after-hours trading Wednesday after quarterly profit beat estimates and the company announced a new supply deal for AI data center power equipment. Fourth-quarter net sales rose 3.9% to $3.57 billion, with adjusted earnings at $1.35 a share. The 2026 sales outlook of $14.0–$14.3 billion missed analyst forecasts. Peer Aptiv fell 1.6%; Lear was little changed.
February 12, 2026
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