Technology Distributors(IN00346.US)

Top 10 US Stock Gainers (1.28)

Applied Optoelectronics(AAOI) rose 20.97%, with a trading turnover 500.8 Million USD, and a year-to-date rose 29.7%. Destiny Tech100(DXYZ) rose 19.5%, with a trading turnover 111.6 Million USD, and a year-to-date rose 15.6%. Seagate Tech(STX) rose 19.14%, with a trading turnover 6.4 Billion USD, and a year-to-date rose 60.8%.

ePlus Inc. to Release Earnings and Host Conference Call

ePlus Inc. will announce its earnings for the third quarter and nine months of fiscal year 2026 on February 4, 2026, after market close. A conference call and audio webcast to discuss the results will take place at 4:30 p.m. ET on the same day. The webcast will be available for live and replay access.

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks experienced a rise late Wednesday, with the State Street Technology Select Sector SPDR ETF increasing by 1% and the Philadelphia Semiconductor index advancing by 2.6%. Notable corporate news includes Alphabet's Google agreeing to a $135 million settlement over data collection allegations, while Texas Instruments shares jumped over 9% due to a positive Q1 outlook. Seagate Technology's shares surged 20% after exceeding earnings expectations, and Avnet's shares climbed over 13% following strong fiscal Q2 results.

MSCI shares are trading higher after the company reported better-than-expected Q4 financial results.

Avnet Stock Rises Despite Decline In Q2 Net Income

Avnet, Inc. (AVT) reported a decline in Q2 net income to $61.7 million ($0.75 per share) from $87.3 million ($0.99 per share) last year. However, adjusted earnings rose 20.7% to $1.05 per share, surpassing analyst estimates of $0.95. Sales increased 11.6% to $6.318 billion. The company forecasts Q3 sales between $6.20 to $6.50 billion and adjusted earnings of $1.20 to $1.30 per share. Despite the decline in net income, AVT's stock rose 11.29% to $58.63 on Nasdaq.