The markets have turned higher across the board, with all three of the major stock market averages now trading in the green. Amazon (Nasdaq: AMZN) is a gainer, up 2.4% on the heels of an analyst upgrade out of Citizens. The analyst firm reportedly lifted its price target on the stock by $15 to $315 per share with an “outperform” rating attached.
While Nvidia’s investment in OpenAI hangs in the balance, another company is swopping in. Snowflake (NYSE: SNOW) is reportedly partnering with the ChatGPT maker in a $200 million tie-up to build AI models into its cloud-based data platform, sending SNOW stock higher by 1.6%.
In addition to Palantir Technologies, other technology stocks expected to reveal their quarterly earnings this week include Google parent Alphabet (Nasdaq: GOOGL) as well as Amazon (Nasdaq: AMZN), the latter of which is up 1.4% today after Jefferies analysts reemphasized a “buy” rating on the stock with a $300 price target.
Live coverage has ended. The full story is below.
This article will be updated throughout the day, so check back often for more daily updates.
The markets are a mixed bag in the first trading session of February as technology stocks reach a fork in the road. Bullish performance out of Oracle (Nasdaq: ORCL | ORCL Price Prediction) stock is being overshadowed by a declining Nvidia (Nasdaq; NVDA) share price amid uncertainty around its OpenAI investment, damaging overall market sentiment to kick things off.
Oracle has recaptured the spotlight as traders and investors cheer the legacy software giant’s plans to pour $50 billion into AI-related capex. Nvidia (Nasdaq: NVDA) stock is sinking by 2% today on reports that its reported plans to take a massive $100 billion stake in OpenAI, the maker of ChatGPT, have hit a wall.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 49,122.00 Up 106.00 (+0.25%)
Nasdaq Composite: 25,709.50 Up 34.50 (+0.13%)
S&P 500: 6,967.25 Up 1.50 (+0.04%)
Palantir (Nasdaq: PLTR) is tacking on 1.6% today ahead of the company’s earnings report after William Blair analysts lifted the stock’s rating to “outperform.” PLTR stock has shaved off approximately 30% of its value in the past three months.
Coinbase Global (Nasdaq: COIN) is spiraling by 4% today as the Bitcoin price distances itself further from the key $100,000 level while investors and traders begin to worry about the strength of the digital asset platform’s balance sheet.
Newmont (NYSE: NEM) stock is climbing higher by 3.5% today as it continues to ride the wave of the commodities markets. While precious metals are facing serious volatility, with investors most recent fleeing safe-haven assets like gold and silver, analysts remain bullish on Newmont’s long-term potential.
Advanced Micro Devices (Nasdaq; AMD) remains an investor favorite, tacking on 3% in today’s volatile session. So far in 2026, AMD stock has race ahead by 14.3%.
Contact [email protected] for any questions or corrections.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
This article will be updated throughout the day, so check back often for more daily updates. The markets are attempting gains this morning with all three of the major stock market averages seeing green…
This article will be updated throughout the day, so check back often for more daily updates. The markets are sinking across the board as traders and investors run for the exits on technology and…
Most of the major indices are racing higher this morning. While the Dow is down 33 points, the NASDAQ is up about 175. The S&P 500 tacks on another 22 points. Meanwhile, the SPDR…
Big Tech capex remains intact, buoying sentiment and leading the market gains, including a 1.3% advance in the Vanguard IT Index, led by stocks like Microsoft (Nasdaq: MSFT | MSFT Price Prediction), Nvidia (Nasdaq:…
This article will be updated throughout the day, so check back often for more daily updates. Technology stocks are taking a breather after yesterday’s relief rally as investors react to the latest whims of…
This article will be updated throughout the day, so check back often for more daily updates. With Nvidia (Nasdaq: NVDA | NVDA Price Prediction) earnings just around the corner, technology stocks remain stuck in…
This article will be updated throughout the day, so check back often for more daily updates. The markets are higher out of the gate, with technology leaders including Nvidia (Nasdaq: NVDA | NVDA Price…
This article will be updated throughout the day, so check back often for more daily updates. Today it’s all about Nvidia (Nasdaq: NVDA | NVDA Price Prediction) stock, and that has put the wind…
This article will be updated throughout the day, so check back often for more daily updates. After roaring back in yesterday’s sessions on headlines that the Iran war could be over sooner than expected,…
