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NASDAQ:SIMO News 6 January 2026 - 8 January 2026

Silicon Motion (SIMO) stock slides about 10% as chip trade cools — what’s next

Silicon Motion (SIMO) stock slides about 10% as chip trade cools — what’s next

New York, Jan 8, 2026, 14:17 EST — Regular session Silicon Motion Technology Corp shares fell about 10% on Thursday, giving back a chunk of a sharp two-day run in the Nasdaq-listed storage chip name. The stock was down 9.9% at $109.10 in afternoon trading, after touching $123 earlier in the session. The drop came as tech shares slipped more broadly, with traders looking ahead to Friday’s U.S. payrolls report after jobless claims rose modestly. Storage names also weakened; SanDisk fell about 10% while Western Digital and Seagate lost about 9% each. “Investors might be repositioning their holdings, so tech
8 January 2026
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Silicon Motion (SIMO) stock jumps 14% as CES meetings and a Jan. 13 Needham webcast come into focus

Silicon Motion (SIMO) stock jumps 14% as CES meetings and a Jan. 13 Needham webcast come into focus

New York, Jan 6, 2026, 12:21 p.m. EST — Regular session Shares of Silicon Motion Technology Corporation (SIMO) climbed about 14% on Tuesday, touching an intraday high of $107.95 as the storage-chip supplier rode a broader bid for memory-linked names. At 12:21 p.m. EST, the Nasdaq-listed stock was up 14.1% at $106.77. The rally comes as investors price in a memory upcycle tied to demand from artificial intelligence servers, which has pushed chip prices higher and tightened supply. Market researcher TrendForce expects conventional DRAM contract prices to rise 55% to 60% this quarter, and said a DDR5 DRAM benchmark jumped
6 January 2026
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Stock Market Today

Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

7 February 2026
Google raised its 2026 capital expenditure forecast to $175 billion–$185 billion, with most spending expected on data-center chips. Broadcom shares rose about 2% after the announcement, while Nvidia and AMD slipped. Jefferies reiterated a buy rating on Broadcom, maintaining a $500 price target, implying a 62% upside from Wednesday’s close.
No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

7 February 2026
The IRS has not announced new federal stimulus payments for February 2026, and Congress has not approved fresh checks. Trump told NBC he is considering $2,000 tariff rebate checks but has not committed, saying any payout would likely come later in 2026. The IRS warns taxpayers to ignore texts and emails about “stimulus payments” and verify notices through official channels.
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