Stock Market 4 February 2026

Broadcom shares declined despite JPMorgan disputing reports of issues with its Google TPU roadmap, with the main concern now being whether Broadcom can secure full AI racks, networking equipment, and large-scale financing. Social Security is completing its June payouts, with the highest payments only going to those who earned the yearly maximum. Lime is offering up to $180.9 million in shares, with Uber potentially purchasing $20 million worth. Chevron and Microsoft signed a 20-year deal for natural-gas power for a Texas data center, reflecting the growing importance of energy in AI infrastructure, while Microsoft reported 40% Azure growth but saw its shares slip. Alphabet shares fell 5.6% amid concerns over AI costs, new share sales, and management changes, though Citizens maintained a Market Outperform rating and a $515 price target. AMC reported strong attendance for Toy Story 5, but shares were down slightly after a recent jump. The S&P 500 and Dow rose, driven by Caterpillar and Visa, while the Nasdaq fell due to losses in large-cap stocks. Brent crude dropped below $79 as U.S.-Iran talks progressed, and the U.S. 10-year yield rose. TSMC shares outperformed tech and chip ETFs, with June sales as a key catalyst and risks tied to AI capacity spending. MARA surged 12.8%, outperforming bitcoin and other crypto stocks, though institutional demand for bitcoin ETFs remained weak. Apogee Therapeutics rose 47% after AbbVie agreed to acquire it for $135.11 per share, adding a late-stage antibody for atopic dermatitis. SK Hynix surpassed Samsung Electronics in market cap for the first time since 2000, driven by high-bandwidth memory demand in the AI supply chain. Netflix traded slightly higher ahead of its July 16 earnings, with investors focused on ads, pricing, and margins. Definium’s DT120 met its primary endpoint in a Phase 3 trial for depression, with shares set for a strong open. CRH is acquiring Arcosa for $8.5 billion, expanding its U.S. aggregates and energy transmission assets. Yum Brands is selling Pizza Hut for $2.7 billion, streamlining its portfolio as Pizza Hut’s U.S. business lags competitors. Creator marketing is becoming central to U.S. media budgets, with spending expected to reach $44 billion in 2026. Jersey Mike’s topped the American Customer Satisfaction Index for quick-service restaurants, ending Chick-fil-A’s 11-year streak. SpaceX will joi