[Feb 12, 2026] US Pre-market: Micron's HBM4 Leap & Big Tech Infrastructure Expansion

Apple (AAPL)

AI Delay: Evercore projects a delay in Apple’s major AI updates. While Apple Intelligence 2.0 was expected in March, testing results suggest a push to mid-2026.
Siri Integration: Full AI integration for Siri is now anticipated for Fall 2026, as Apple prioritizes privacy and seamless cross-device connectivity.
Rating: Outperform maintained with a $330 price target.

Meta Platforms (META)

$10B Infrastructure: Commenced construction of a 1GW data center in Lebanon, Indiana.
Aggressive Capex: This project is part of a broader strategy to scale AI infrastructure. Meta previously guided its 2026 Capex to $115B–$135B, a significant jump from $62.2B in 2025.

Palantir (PLTR)

Military Expansion: Obtained DISA authorization to deploy its AI/data analytics platform at the military frontline.
PFCS Forward: The platform received Impact Level 5 (IL5) and IL6 provisional authorizations, allowing operation on tactical vehicles and mobile terminals, bypassing the traditional cloud-only limitations.

Micron Technology (MU)

HBM4 Breakthrough: Management announced that mass shipping of HBM4 will begin this quarter, one quarter earlier than previously discussed.
Supply Sold Out: Confirmed that the entire 2026 fiscal year volume for HBM4 is already sold out.
Fab Expansion: Construction is underway for new fabs in New York and Singapore (NAND production by H2 2028), while the Idaho facility will contribute to supply by H2 2027.

Applied Materials (AMAT)

Export Settlement: Reached a $252 million settlement with the US Department of Commerce regarding illegal shipments of ion implanters to China’s SMIC through a South Korean intermediary without proper licenses in 2021 and 2022.

McDonald's (MCD)

Earnings Beat: Reported Q4 adjusted EPS of $3.12 on revenue of $7.01B, both exceeding market estimates.
Promotion Success: Aggressive set-menu discounts drove global same-store sales growth of 5.7%, crushing the 3.7% Wall Street forecast.

Southwest Airlines (LUV)

Starlink Integration: Announced plans to expand in-flight internet via Starlink for Rapid Rewards members. Operations start this summer, with a goal of 300+ equipped aircraft by the end of 2026.

Uber (UBER)

Autonomous Dubai: Partnering with Baidu and Dubai’s RTA to officially launch the 'Apollo Go' robotaxi service in Dubai this March.
Growth Metrics: Q4 delivery gross bookings surged 26% YoY to $25.4 billion.

Coal & Utilities (BTU, ARLP, HCC)

Trump Policy: President Trump signed an executive order requiring the DoD to purchase power from coal-fired plants.
Funding: The DOE allocated $175 million to upgrade six US coal plants, leading the Tennessee Valley Authority to delay its scheduled plant closures.

Solv Energy (MWH)

Post-IPO Surge: After listing at $25, shares jumped 23% to close at $30.67. The company boasts a $6.7 billion backlog and is positioned as a pure-play solar and ESS builder.

Fastly (FSLY): Stock rocketed 44% following annual revenue guidance that significantly topped estimates.
Equinix (EQIX): Rose 10% on 2026 EBITDA guidance of $5.14B–$5.22B, beating consensus.
AppLovin (APP): Reported a Q4 beat, but shares faced pressure due to a "slower" 2026 growth forecast (52%) and potential competition from Meta.
Cisco (CSCO): Fell 7% after gross margins (67.5%) missed the 68.1% LSEG estimate.
Crocs (CROX): Issued bullish 2026 EPS guidance ($12.88–$13.35), far above the $11.92 consensus.
Novocure (NVCR): Gained after the FDA approved Optune Lua for pancreatic cancer treatment in combination with chemotherapy.

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