Microsoft Corporation

Countries seeking leadership in artificial intelligence should focus on affordable energy. This was <a href="https://www.weforum.org/meetings/world-economic-forum-annual-meeting-2026/sessions/conversation-with-satya-nadella-ceo-of-microsoft/">stated by</a> Microsoft CEO Satya Nadella during a speech at the World Economic Forum in Davos, as <a href="https://www.cnbc.com/2026/01/20/microsoft-nadella-ai-race-energy-tokens.html">quoted</a> by CNBC.

Energy will determine the winner in the AI race: highlights from Microsoft CEO's Davos speech

Hewlett Packard Enterprise Company

HP Inc.

Dell Technologies Inc.

Shares of IT equipment manufacturers fell

'Perfect storm': Morgan Stanley has worsened its view of the IT hardware market

Alibaba Group Holding Limited

Tencent Holdings Limited

Chinese tech giant ByteDance, owner of TikTok, is aggressively moving into China's cloud services market, Financial Time (FT) <a href="https://www.ft.com/content/3732a646-da35-4437-bfde-7f9efc2725ff">writes</a>. The company is looking to use its advances in artificial intelligence to diversify its business beyond the consumer applications that have fueled ByteDance's growth, the newspaper notes. ByteDance's strategy to develop enterprise cloud AI solutions could "undermine" the established balance in the multi-billion dollar market, which has long been controlled by Alibaba, Tencent and Huawei, the publication points out.

TikTok owner expands cloud AI services business. What does this mean for Alibaba?

Apple Inc.

NVIDIA Corporation

U.S. stock markets opened lower on January 20 amid U.S. President Donald Trump's decision to impose new 10 percent duties on goods from eight European countries <a href="https://oninvest.com/article/akcii-evropejskih-avtogigantov-upali-na-fone-novyh-poslin-trampa-iz-za-grenlandii">opposed</a> to United States control over Greenland.

'Be prepared for anything': US stocks fall amid Trump's duties over Greenland

'Breaking the bonds of freedom': Nobel laureate on the success of China's economy

GSK plc

RAPT Therapeutics Inc

Shares of RAPT Therapeutics, a developer of long-acting therapies for food allergies, <a href="https://finance.yahoo.com/quote/RAPT/">surged</a>&nbsp;nearly 64% in premarket trading on Tuesday, January 20, after the company <a href="https://investors.rapt.com/news-releases/news-release-details/gsk-enters-agreement-acquire-rapt-therapeutics">announced</a>&nbsp;its acquisition at a premium by pharma giant GSK.

Allergy pill developer RAPT soars on announcement of acquisition by GSK 

Forum Energy Technologies, Inc.

Array Technologies, Inc.

Harrow, Inc.

Five9, Inc.

GigaCloud Technology Inc.

Research outfit Zacks has <a href="https://www.zacks.com/featured-articles/301/best-small-cap-stocks">named</a>&nbsp;five small-cap stocks that investors should pay attention to in January, including both “buy” and “hold” ratings. According to Zacks, these stocks have been delivering earnings above Wall Street forecasts, a signal that the earnings outlook may be improving.

Zacks recommends five best small-cap stocks to buy in January 2026

Global fund managers showed the highest level of optimism since July 2021, with expectations of economic growth among them rising and the share of cash in portfolios falling to a record low 3.2%, a January Bank of America (BofA) survey showed. It was conducted among 96 respondents managing $575 billion in assets before U.S. President Donald Trump threatened European allies to raise duties on their goods until the Greenland situation is resolved, Reuters <a href="https://www.reuters.com/markets/wealth/global-investors-hit-hyper-bull-hedging-collapses-says-bofa-survey-2026-01-20/">writes</a>.

Markets hit 'hyper bullish' phase before Trump announces new duties - BofA survey

EU leaders will hold an emergency summit on Jan. 22 to discuss responses to threats of new duties from the White House

Europe has a $13 trillion "weapon" against Trump, could it be activated?

Alphabet Inc.

Advertising could be a new revenue driver for OpenAI, according to analyst Mark Mahaney

OpenAI will hit $25 billion in ad revenue by 2030s - analyst. Is this a threat to Google?

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne

Remy Cointreau SA

European stock indexes fell on Jan. 20 after U.S. President Donald Trump said there was "no going back" in his demand for control over Greenland, the Financial Times <a href="https://www.ft.com/content/500d9508-72a2-4b04-a225-33adbbf8af78">reported</a>.

European and US stocks collapsed amid Trump's tougher rhetoric 

BHP Group Limited

Tesla, Inc.

Micron Technology, Inc.

AST SpaceMobile, Inc.

State Street Corporation

The Mosaic Company

The PNC Financial Services Group, Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.