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SHA:688256.SS News 20 January 2026 - 2 February 2026

Cambricon stock heads into Monday: what to watch after a Friday dip in China’s AI chip bellwether

Cambricon stock heads into Monday: what to watch after a Friday dip in China’s AI chip bellwether

Cambricon Technologies shares closed down 1.33% at 1,334.99 yuan ahead of Monday’s open in Shanghai. Investors are focused on the company’s March 13 earnings report and the April 16 lock-up expiration, which will release 3.33 million shares. The stock has dropped about 6% since last week but remains well above last year’s levels. Broker targets average 1,572 yuan, reflecting mixed sentiment.
Cambricon Technologies stock: what to watch before Shanghai opens after Hurun AI Top 50 spotlight

Cambricon Technologies stock: what to watch before Shanghai opens after Hurun AI Top 50 spotlight

Cambricon shares slipped 0.31% to 1,419.66 yuan in Shanghai Monday after topping Hurun’s new China AI Top 50 ranking. China’s securities regulator has ordered brokers to remove client servers from exchange data centers, aiming to limit high-speed trading. About 6.9 million Cambricon shares traded. AI chipmakers remain in focus as traders assess the impact of new restrictions.

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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