Technology 12 February 2026

Spotify stock slips 7% as post-earnings rally fades and analysts trim targets
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Spotify stock slips 7% as post-earnings rally fades and analysts trim targets

Spotify shares fell 7.3% to $451.47 on Thursday, reversing gains from an earlier earnings rally. The stock swung between $438.07 and $489.10 as investors weighed AI spending and streaming economics. Spotify reported 751 million monthly active users and 290 million premium subscribers for the December quarter. Markets await further strategy details at Spotify’s May 21 Investor Day.
February 12, 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
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
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
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
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