Today: 7 February 2026
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Sungrow shares jump as China export rebate shake-up nears — what to watch before Shenzhen reopens

Sungrow shares jump as China export rebate shake-up nears — what to watch before Shenzhen reopens

Sungrow Power Supply Class A shares closed up 3.2% at 151 yuan Friday after the company said China’s new export tax rebate cuts will not affect its PV inverters, and storage cost impact is “controllable.” Beijing will scrap VAT export rebates for photovoltaic products from April 1. Investors await more policy details and Sungrow’s earnings report.
1 February 2026
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Analog Devices (ADI) stock slides into the weekend — what could move the share price next week

Analog Devices (ADI) stock slides into the weekend — what could move the share price next week

Analog Devices shares fell 2.4% to $310.88 Friday as traders reacted to Donald Trump’s nomination of Kevin Warsh to lead the Federal Reserve. The S&P 500 dropped 0.43% and the Nasdaq lost 0.94% after a strong producer price report and renewed government shutdown fears. Analog Devices reports earnings Feb. 18. U.S. markets are closed for the weekend.
1 February 2026
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MediaTek stock price slips into weekend; Feb 4 earnings call is the next test

MediaTek stock price slips into weekend; Feb 4 earnings call is the next test

MediaTek shares fell 1.12% to T$1,760 at Friday’s close ahead of its Feb. 4 earnings report. Taiwan’s benchmark index dropped 1.45% to 32,063.75, with turnover near NT$907 billion. Investors await MediaTek’s guidance on smartphone chip demand and AI projects. Markets in Taiwan are now closed for the weekend.
1 February 2026
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Zhongji Innolight stock price pops on 2025 profit forecast; what’s next for 300308.SZ

Zhongji Innolight stock price pops on 2025 profit forecast; what’s next for 300308.SZ

Zhongji Innolight’s Class A shares closed up 5.7% at 649 yuan in Shanghai after the company forecast 2025 net profit of 9.8–11.8 billion yuan, up as much as 128% from last year. Executives told investors orders now stretch through late 2026, but warned key optical-chip supplies remain tight in the first half. The stock is up about 465% over the past year.
1 February 2026
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Arm stock slips after Friday chip selloff; CEO share-sale notice puts earnings in focus

Arm stock slips after Friday chip selloff; CEO share-sale notice puts earnings in focus

Arm’s U.S.-listed ADRs fell 2.8% to $105.36 at Friday’s close amid a broad chip stock selloff. CEO Rene Haas filed to sell 6,152 shares valued at about $654,000. The drop comes ahead of Arm’s fiscal third-quarter results due Feb. 4. Investors cited uncertainty over monetary policy after Donald Trump named Kevin Warsh as his pick for Federal Reserve chair.
1 February 2026
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Cambricon Technologies stock price in focus after 2025 profit forecast, “U” tag in play

Cambricon Technologies stock price in focus after 2025 profit forecast, “U” tag in play

Cambricon Technologies expects its first annual profit since listing, forecasting 2025 net income of 1.85–2.15 billion yuan on revenue of 6–7 billion yuan, citing AI computing demand. Shares closed up 0.6% Friday in Shanghai. The company’s “U” suffix may be dropped if audited results in March confirm the turnaround. Cambricon posted a 2024 net loss of 452 million yuan on 1.17 billion yuan revenue.
1 February 2026
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Qualcomm stock price ends week lower — what to watch before QCOM’s Feb. 4 earnings call

Qualcomm stock price ends week lower — what to watch before QCOM’s Feb. 4 earnings call

Qualcomm shares closed down 0.41% at $151.59 Friday, slipping further to $151.44 after hours. The company will report fiscal first-quarter earnings on Feb. 4, with Wall Street expecting EPS of $3.37 and revenue near $12.23 billion. Investors await jobs data and Fed commentary next week, which could affect chip stocks.
1 February 2026
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Intel stock price drops to $46.47 as Vanguard stake filing lands; traders eye Feb 6 jobs report

Intel stock price drops to $46.47 as Vanguard stake filing lands; traders eye Feb 6 jobs report

Intel shares fell 4.4% to $46.47 Friday, with trading volume near 115 million. Vanguard disclosed an 8.11% stake in a new filing. The drop followed weaker-than-expected earnings and ongoing supply issues. Wall Street indexes also declined after President Trump nominated Kevin Warsh for Fed chair and inflation data came in above forecasts.
1 February 2026
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Advanced Micro Devices stock slips on MI450 delay chatter — what investors watch before earnings

Advanced Micro Devices stock slips on MI450 delay chatter — what investors watch before earnings

AMD shares fell 6.13% to $236.73 Friday after SemiAnalysis warned of possible MI450 AI chip delays, though Wells Fargo’s Aaron Rakers disputed the claim and kept a $345 price target. The Nasdaq Composite dropped 0.94% as investors reacted to Kevin Warsh’s nomination for Fed chair. AMD reports earnings Feb. 3, with options pricing signaling an 8.9% implied move for Feb. 6 expiries.
1 February 2026
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SK hynix stock pops above 900,000 won — what could drive the next move

SK hynix stock pops above 900,000 won — what could drive the next move

SK hynix shares jumped 5.57% to 909,000 won Friday, capping a 19% weekly gain as AI-driven memory shortages pushed chip prices higher. The KOSPI closed up 0.06%. Apple and Samsung flagged rising memory costs and tight supply, with SK hynix holding a 61% HBM market share last year. The company is weighing a U.S. AI investment arm and saw its bond rating upgraded to AA+ this week.
1 February 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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