Microsoft Corp. announced that longtime Xbox chief Phil Spencer is retiring after 38 years, with Asha Sharma taking over the gaming division amid declining revenue, post-Activision Blizzard integration and mounting competitive pressure.
In a dramatic display of market bifurcation, U.S. equity sectors have split into two distinct camps today, February 20, 2026. The high-octane growth of the Technology sector and the resurgent dominance of Energy are currently spearheading a market rally, even as the "bond proxy" sectors—Utilities and Real Estate—
As the financial world pivots toward the first major semiconductor earnings of 2026, all eyes are on Broadcom Inc. (NASDAQ: AVGO), which is scheduled to report its first-quarter fiscal year 2026 results on March 4, 2026. Heading into the announcement, the sentiment on Wall Street is nothing short of euphoric.
As of February 20, 2026, the global financial landscape is undergoing a fundamental transformation following President Donald Trump’s nomination of Kevin Warsh to succeed Jerome Powell as Chairman of the Federal Reserve. Announced on January 30 and slated for a formal transition in May 2026, the move marks the
As the broader technology sector grapples with a tumultuous start to 2026, analysts at Citigroup (NYSE: C) have issued a provocative call for investors: Microsoft Corp. (NASDAQ: MSFT) has reached its most attractive valuation in over a decade. Despite a persistent sell-off that has wiped trillions from the Nasdaq, Citigroup's
The eyes of the global financial community are fixed on Santa Clara as Nvidia (NASDAQ:NVDA) prepares to release its fourth-quarter fiscal year 2026 earnings on Wednesday, February 25. With only five days remaining until the report, the market is bracing for what many consider a "macro event" that will
SAN ANTONIO / DENVER — In a week that has redefined the trajectory of legacy tech infrastructure, Rackspace Technology (NASDAQ:RXT) saw its shares surge by a staggering 50% in morning trading on February 20, 2026, extending a historic multi-day rally. The catalyst for this vertical ascent is a sweeping strategic partnership
Alphabet rose after rolling out its Gemini AI model to enterprise customers and announcing a new Asia commerce partnership. The move suggests investors are growing more confident that AI-driven growth can support the company’s aggressive infrastructure spending plans.
Shares of data security company Varonis Systems (NASDAQ:VRNS) fell 6.3% in the afternoon session after Anthropic unveiled Claude Code Security, a tool designed to autonomously scan codebases for vulnerabilities and suggest targeted software patches.
Shares of identity management company Okta (NASDAQ:OKTA) fell 9% in the afternoon session after Anthropic unveiled Claude Code Security, a tool designed to autonomously scan codebases for vulnerabilities and suggest targeted software patches.
Shares of software supply chain platform JFrog (NASDAQ:FROG) fell 24.6% in the afternoon session after Anthropic unveiled Claude Code Security, a tool designed to autonomously scan codebases for vulnerabilities and suggest targeted software patches.
Shares of cybersecurity platform provider CrowdStrike (NASDAQ:CRWD) fell 7.8% in the afternoon session after Anthropic unveiled Claude Code Security, a tool designed to autonomously scan codebases for vulnerabilities and suggest targeted software patches.
Shares of power conversion and control solutions provider Vicor Corporation (NASDAQ:VICR)
jumped 10.9% in the afternoon session after the company reported fourth-quarter financial results that featured an impressive profit beat. For the fourth quarter of 2025, Vicor's revenue grew 11.5% year on year to $107.3 million, meeting Wall Street's expectations. However, the company posted a GAAP profit of $1.01 per share, which was substantially better than the analyst consensus estimate of $0.37. The strong bottom-line performance was driven by expanding margins, with the company's operating margin increasing to 14.6% from 10% in the same quarter last year.
Shares of bedding manufacturer and retailer Sleep Number (NASDAQ:SNBR)
jumped 12.8% in the afternoon session after reports revealed that its Minneapolis headquarters building sold for $235 million, a price significantly higher than its assessed value.
Shares of coconut water company The Vita Coco Company (NASDAQ:COCO)
jumped 5.6% in the afternoon session after the company presented at the Consumer Analyst Group of New York (CAGNY) conference, where it detailed strong 2025 performance and provided a positive outlook for 2026.
The premier global research and advisory firm, Gartner, Inc. (NYSE: IT), saw its shares plummet to a 52-week low this February 2026, marking a stark reversal for a company that had previously been viewed as a primary beneficiary of the generative AI boom. Despite a modest beat on earnings per
