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Stock Market 2 February 2026
Global semiconductor stocks experienced steep declines, with South Korea’s KOSPI dropping nearly 10% and European chipmakers also falling. Nasdaq 100 futures were down over 2% ahead of the Wall Street open, reflecting broad weakness in technology shares. Ondas shares slipped in premarket trading despite reporting over $40 million in June defense-system orders and more than $150 million in second-quarter orders, while an SEC filing revealed 3.13 million shares available for resale. Microsoft rose 1.1% premarket after a previous decline, with investors monitoring Chevron’s Texas AI data center power deal and ongoing concerns about AI infrastructure costs. Infleqtion shares rose over 5% following a White House quantum order and the formation of a U.S. quantum-space coalition, though the stock remains thinly traded and early-stage. Ford shares were set to open lower as contract talks began with Unifor in Canada. SOFI dropped 2.3% premarket after Bullish listed its SoFiUSD stablecoin, amid broader market pressure. S&P 500, Nasdaq 100, and Dow futures all pointed lower. SpaceX shares fell 16.4% Monday, dropping below their IPO price and erasing about $400 billion in market cap. Intel dropped 8% premarket after a recent rally, with investors wary of rate risks and debt-fueled AI spending. Super Micro fell 6.3% premarket after a strong Monday, following a new data-center design launch and an analyst upgrade. Anthropic secured a supply and funding partnership with Micron ahead of its IPO. IBM gained over 3% premarket after announcing an OpenAI cyber-defense deal and new quantum-computing orders.