Today: 7 February 2026
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Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

VeriSilicon (688521) stock price jumps 6% — what to watch before Monday’s China open

VeriSilicon (688521) stock price jumps 6% — what to watch before Monday’s China open

VeriSilicon shares surged 6% to 222.01 yuan in Shanghai on Friday, leading chip-design stocks higher ahead of the mainland market’s weekend closure. About 57,000 employee-incentive shares will become tradable on Feb. 2. Traders are watching for Monday’s China activity data and Hong Kong chip IPOs next week. China’s official manufacturing PMI fell to 49.3 in January, signaling contraction.
1 February 2026
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GlobalFoundries stock price slides 5% as chip selloff bites — what to watch next for GFS

GlobalFoundries stock price slides 5% as chip selloff bites — what to watch next for GFS

GlobalFoundries shares fell 5.1% to $42.20 Friday, leading a broader chip sector decline as the SOXX ETF dropped 4.1% and Intel slid 4.4%. The selloff followed President Trump’s nomination of Kevin Warsh to head the Fed and higher inflation data. GlobalFoundries will report earnings and guidance on February 11. The company recently agreed to buy Synopsys’ ARC Processor IP business, with the deal expected to close in late 2026.
1 February 2026
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ON Semiconductor stock drops 3.7% into the weekend: what to watch before Feb. 9 earnings

ON Semiconductor stock drops 3.7% into the weekend: what to watch before Feb. 9 earnings

ON Semiconductor shares fell 3.7% to $59.89 Friday, tracking a 3.87% drop in the Philadelphia Semiconductor Index after strong inflation data and the nomination of Kevin Warsh as Fed chair. The company will report fourth-quarter and full-year results after markets close on Feb. 9, with a conference call at 5 p.m. ET.
1 February 2026
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LONGi A-share price sinks 4.7% into the weekend — what China solar traders watch next

LONGi A-share price sinks 4.7% into the weekend — what China solar traders watch next

LONGi Green Energy shares fell 4.74% to 17.88 yuan in Shanghai Friday after the company forecast a 2025 net loss of up to 7.4 billion yuan excluding one-offs. The Ministry of Finance said China will end value-added tax export rebates on photovoltaic products from April 1. Silver prices, key for solar production, dropped 11% Friday. The Shanghai Composite closed down 0.96%.
1 February 2026
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Longsys Electronics stock set for Monday test after profit jump forecast and a sharp Friday drop

Longsys Electronics stock set for Monday test after profit jump forecast and a sharp Friday drop

Shares of Shenzhen Longsys Electronics fell 6.4% Friday to 336 yuan after the company projected 2025 net profit to surge 151%–211% year-on-year. The memory maker cited rising AI server demand and tighter supply but warned the forecast is unaudited. Investors await Monday’s open to gauge further reaction. Mainland markets are closed for the weekend.
1 February 2026
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Fabrinet stock price heads into Feb. 2 earnings after wild swing — what FN investors watch next

Fabrinet stock price heads into Feb. 2 earnings after wild swing — what FN investors watch next

Fabrinet shares fell 1.4% to $489.44 Friday after a $40 intraday swing, with 808,000 shares traded. The company reports fiscal Q2 results after markets close Monday, followed by a 5 p.m. call. Investors will watch if revenue meets the $1.05–$1.10 billion guidance and non-GAAP EPS of $3.15–$3.30. Shares remain near a 52-week high of $531.22.
1 February 2026
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OmniVision Integrated Circuits Group Class A stock (603501) dipped Friday — what traders watch next week

OmniVision Integrated Circuits Group Class A stock (603501) dipped Friday — what traders watch next week

OmniVision Class A shares fell 1.37% to 121.20 yuan in Shanghai trading Friday. Norges Bank cut its stake in the company’s Hong Kong shares to 4.89% after selling 76,500 shares. Axera Semiconductor filed for a HK$2.96 billion Hong Kong IPO, with Tencent and Qiming among cornerstone investors. Montage Technology targets a HK$7.04 billion secondary listing, with pricing set for February 6.
1 February 2026
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First Solar stock (FSLR) steadies after Tesla solar talk jolts sentiment — what to watch next

First Solar stock (FSLR) steadies after Tesla solar talk jolts sentiment — what to watch next

First Solar shares rose 0.7% to $225.52 Friday after a volatile week, as investors weighed Tesla’s plans to expand U.S. solar manufacturing. Analysts at Mizuho and Wells Fargo downplayed the threat, while BMO downgraded First Solar over price concerns. The company will report quarterly results and 2026 guidance on Feb. 24.
1 February 2026
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Suzhou TFC Optical Communication stock jumps 11% on AI optics rally — what matters before Monday

Suzhou TFC Optical Communication stock jumps 11% on AI optics rally — what matters before Monday

Suzhou TFC Optical shares surged 10.9% to close at 248.43 yuan in Shenzhen Friday, hitting a record intraday high amid strong profit forecasts from sector rivals. The rally comes as China’s official factory PMI fell to 49.3 in January, signaling contraction. Mainland markets will be closed Sunday. Traders await a private PMI reading Monday to gauge if momentum continues.
1 February 2026
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STMicroelectronics stock price steadies after earnings whipsaw as analysts lift targets

STMicroelectronics stock price steadies after earnings whipsaw as analysts lift targets

STMicroelectronics shares closed Friday up 1.3% at 23.84 euros after a volatile week, despite a 5.8% drop on Thursday. Fourth-quarter net revenues reached $3.33 billion, but restructuring charges led to a $30 million net loss. CEO Jean-Marc Chery projected first-quarter revenues of $3.04 billion, below analyst expectations. UBS and Oddo BHF raised their price targets following the results.
1 February 2026
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United Microelectronics (UMC) stock slid into the weekend — the Feb. 5 update traders are waiting for

United Microelectronics (UMC) stock slid into the weekend — the Feb. 5 update traders are waiting for

United Microelectronics Corp shares fell 3.9% in the U.S. to $10.18 and 8.8% in Taiwan to NT$62.40 after updated guidance signaled weaker near-term margins. The company reported Q4 revenue of NT$61.81 billion and a 30.7% gross margin, forecasting flat wafer shipments and high-20% margins for Q1. UMC expects 2026 capital expenditure of $1.5 billion. January sales figures are due Feb. 5.
1 February 2026
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Stock Market Today

Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

7 February 2026
Carvana shares rose 5.21% Friday to $403.67, rebounding after recent volatility sparked by a short-seller report from Gotham City Research. The company denied allegations of overstated earnings and undisclosed ties to DriveTime. Carvana will report Q4 and full-year 2025 results after markets close on Feb. 18. The January U.S. CPI report is scheduled for Feb. 13.
Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

7 February 2026
Confluent shares closed at $30.57 Friday, 43 cents below IBM’s $31-per-share cash offer, ahead of key events next week. The company will report earnings Feb. 11 without a call or outlook, and shareholders vote on the merger Feb. 12. Confluent disclosed 17 demand letters and two lawsuits over proxy disclosures but denies wrongdoing. The IBM deal values Confluent at $11 billion.
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