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Microsoft, Aramco Forge AI Alliance, Set 2026 Saudi Azure Launch
Microsoft and Saudi Aramco have agreed to collaborate on industrial artificial intelligence projects and workforce development. The tech giant confirmed its Saudi Arabia East Azure cloud region will commence operations in late 2026.
Shopify's $2B Buyback Amid AI Commerce Debate
Shopify unveiled a $2 billion share buyback following robust Q4 earnings, but Wall Street remains divided on how AI-driven 'agentic commerce' will affect the company's future.
AppLovin Shares Rebound on Strong Q4, Analysts Adjust Targets Amid AI Concerns
AppLovin shares climbed 6.4% to $390.55 on Friday, rebounding from Thursday's decline after reporting strong fourth-quarter results. Analysts adjusted price targets amid ongoing concerns about artificial intelligence's impact on the ad-tech sector.
Cisco Recovers After Margin Warning; AI Demand Faces Cost Test
Cisco shares rose 2.5% to $76.85, recovering some losses after a 10% plunge triggered by weaker-than-expected gross margins. The company reported $15.3B in revenue and $2.1B in AI infrastructure orders.
MSTR Surges 9% Ahead of Holiday on Bitcoin-Linked Funding News
MicroStrategy shares rallied 8.9% Friday after an SEC filing highlighted its bitcoin-backed funding strategy via preferred shares, with cryptocurrency markets active during the U.S. holiday closure.
Robinhood's January Metrics, Product Keynote to Guide Volatile Stock
Robinhood Markets shares closed sharply higher Friday but face a key test with January metrics due next week and a product keynote in March. The stock remains sensitive to retail trading and crypto volatility.
Coinbase Shares Surge 16% Despite Q4 Loss, Buybacks and Stablecoin Growth in Focus
Coinbase Global shares jumped over 16% on Friday, recovering from prior losses despite posting a significant fourth-quarter net loss. The crypto exchange reported a $667 million deficit, attributed to investment portfolio declines, while highlighting growth in stablecoin revenue and an ongoing stock repurchase program.
Visa Shares Slide 3% as Share Exchange Plan Tied to Swipe-Fee Litigation Unfolds
Visa Inc. shares declined 3.1% to $314.08 Friday, underperforming the broader market ahead of the Presidents Day holiday. The drop followed the company's disclosure of a board-approved share exchange plan linked to progress in long-running swipe-fee lawsuits.
Alphabet's $31.5B Bond Sale Fuels AI Spending Debate Ahead of Market Return
Alphabet Inc. has finalized a $31.51 billion multi-currency bond sale, with some notes maturing in 2126, to fund its aggressive AI infrastructure expansion. Shares of GOOG closed at $306.02, down 1.1%, ahead of Tuesday's market reopening.
