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Stock Market 2 February 2026
On June 23, 2026, global markets saw significant volatility. Semiconductor stocks fell sharply, with South Korea’s KOSPI dropping 9.99% after a record AI rally and regulatory warnings, leading to a trading halt and heavy chipmaker selloffs. European chipmakers and Nasdaq 100 futures also declined, with the latter down over 2% ahead of the Wall Street open. U.S. futures were broadly lower, with S&P 500 down 1.33%, Nasdaq 100 down 2.42%, and Dow futures off 0.60%. Intel dropped about 8% in premarket trading as investors weighed risks around debt-fueled AI spending, despite recent gains driven by Apple, Google, and Nvidia foundry bets. Super Micro fell 6.3% premarket after a strong Monday, following a new data-center design launch and an analyst upgrade. IBM rose 3.22% premarket after announcing an OpenAI cyber-defense deal and new quantum-computing orders. Microsoft gained 1.1% premarket after a previous decline, as investors monitored Chevron’s AI data center power deal and ongoing concerns about AI infrastructure costs. Nokia shares dropped 2.5% in Helsinki despite a jump on Wall Street, following news of a Google Cloud partnership to integrate Gemini-powered AI into its network software. Tianci International surged 73.2% premarket after reporting a swing to net profit and more than doubling revenue, alongside a $4.9 million stock offering. Catheter Precision rose on news of new patents, a sports partnership, and a resale-share filing. Ridgetech gained 68.6% premarket with high volume. Ondas fell 2.47% premarket despite reporting over $40 million in June defense-system orders and a new resale filing. Infleqtion rose over 5% following a White House quantum order and the formation of a U.S. quantum-space coalition. SOFI dropped 2.3% premarket as its stablecoin was listed on Bullish amid broader market declines. Space Exploration Technologies Corp. shares continued to struggle, dropping 16.4% on Monday and falling below their IPO closing price, erasing about $400 billion in market cap. American Airlines shares edged up, with lower jet-fuel prices as the main market driver. Ford shares looked set to open lower as Canadian union Unifor began contract talks. Anthropic secured a partnership with Micron Technology for memory and storage ahead of its IPO and new funding round. Power Plate Meals issued a recall of frozen meatloaf due to undeclared soy.