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Stock Market 2 February 2026

On June 23, 2026, global markets saw significant volatility, especially in technology and semiconductor stocks. Semiconductor shares dropped sharply worldwide, with South Korea’s KOSPI index falling 9.99% after a sell-off in chipmakers and regulatory warnings, leading to a trading halt. European chip stocks and Nasdaq 100 futures also declined, with Nasdaq futures down over 2% and S&P 500 futures off 1.33%. Intel fell about 8% in premarket trading, while Super Micro dropped 6.3% after a strong Monday performance linked to a new data-center design on Nvidia’s Vera Rubin NVL4 platform and an analyst upgrade. Microsoft rose 1.1% premarket after a previous decline, but concerns about AI infrastructure costs persisted. Keel Infrastructure Corp, an AI data-center stock, pulled back in premarket after hitting a 52-week high the previous day. Nokia shares dropped 2.5% in Helsinki despite gains on Wall Street, following a deal to integrate Google Cloud’s Gemini AI into its network software. Tianci International surged 73.2% premarket after reporting more than doubled revenue and a swing to positive net income for the April quarter. Catheter Precision gained 34.5% on news of new patents, a sports partnership, and a share registration filing. Ondas traded lower despite reporting over $40 million in June defense-system orders and a new resale-share filing. Infleqtion rose over 5% following a White House quantum order and the formation of a U.S. quantum-space coalition. Space Exploration Technologies Corp. continued to struggle, dropping 16.4% Monday and falling below its IPO closing price, erasing about $400 billion in market cap. IBM traded higher premarket on new quantum-computing orders and a cyber-defense deal with OpenAI. Anthropic secured a partnership with Micron Technology for memory and storage ahead of its expected IPO. SoFi traded down 2.3% after its stablecoin was listed on Bullish, while Ford looked set to open lower as Canadian labor talks began. American Airlines shares edged up, with lower jet-fuel prices as the main market driver.
First Solar stock (FSLR) heads into Monday after Tesla’s 100‑GW solar talk jolts sentiment

First Solar stock (FSLR) heads into Monday after Tesla’s 100‑GW solar talk jolts sentiment

First Solar closed Friday at $225.52, up 0.7% after a sharp 10% drop Thursday, ending the week down about 7%. BMO Capital Markets downgraded the stock, citing pricing concerns and rising U.S. supply. Tesla’s push into solar, including new panel production in Buffalo, has divided analysts on First Solar’s outlook. Wells Fargo said Tesla’s plans triggered the sector selloff but sees limited downside for First Solar.
Suzhou TFC Optical Communication stock price: 300394.SZ watched after 11% jump as silicon photonics trade heats up

Suzhou TFC Optical Communication stock price: 300394.SZ watched after 11% jump as silicon photonics trade heats up

Suzhou TFC Optical Communication’s Class A shares jumped 10.9% to 248.43 yuan in premarket Shanghai trading. The move follows a week where Suzhou TFC and Yangtze Optical Fibre and Cable each surged over 30%, amid rising fibre prices and focus on silicon photonics. The company forecasts 2025 net profit of 1.88–2.15 billion yuan, up as much as 60%, citing AI demand and data-centre growth.
Montage Technology stock jumps 12% — Hong Kong IPO pricing link puts 688008 in the frame again

Montage Technology stock jumps 12% — Hong Kong IPO pricing link puts 688008 in the frame again

Montage Technology’s Class A shares jumped 12.13% in Shanghai Friday, closing at 181.85 yuan on heavy volume ahead of a Hong Kong share sale. The Hong Kong public offering runs through Feb. 4, with trading set to start Feb. 9 under code 6809. The final offer price will reference the Shanghai close before pricing. Montage plans to offer up to 65.89 million H shares at a maximum HK$106.89 each.
UMC stock slides into Monday: what to watch as Taiwan trading reopens

UMC stock slides into Monday: what to watch as Taiwan trading reopens

UMC shares resume trading in Taipei Monday after falling 8.77% Friday; U.S.-listed shares dropped 3.9%. Investors await January sales data on Feb. 5 for signs of demand and pricing. The company projects first-quarter wafer shipments steady, gross margins in the high-20% range, and 2026 capital spending at $1.5 billion. Capacity utilization is expected in the mid-70% range.
2 February 2026
Moore Threads stock has a Feb. 6 trigger as Class A shares face related-party vote

Moore Threads stock has a Feb. 6 trigger as Class A shares face related-party vote

Moore Threads Class A shares closed at 590.01 yuan, down 0.01%, before Shanghai’s market opened Monday. The company released materials for a Feb. 6 shareholder vote on a 2026 cap for related-party transactions, estimated at 1.48 billion yuan. Shares have traded between 556 and 941.08 yuan since the Dec. 5 debut. Investors await the firm’s first annual report, due April 27.
2 February 2026
NXP (NXPI) stock drops ahead of earnings week — what to watch before Monday’s open

NXP (NXPI) stock drops ahead of earnings week — what to watch before Monday’s open

NXP Semiconductors shares fell 3.2% to $226.14 Friday, tracking a broader 3%–4% drop in semiconductor ETFs. The selloff comes ahead of NXP’s earnings report due after Monday’s close, with analysts watching for signals on auto and industrial demand. Qualcomm, Texas Instruments, and Analog Devices also slipped. Investors await guidance amid volatile markets and shifting rate expectations.
Sungrow Power (300274.SZ) shares in focus ahead of open after Friday jump as China PMI slips

Sungrow Power (300274.SZ) shares in focus ahead of open after Friday jump as China PMI slips

Sungrow Power Supply closed up 3.2% at 151.00 yuan Friday in Shenzhen, ahead of Monday’s private-sector PMI release. China’s official manufacturing PMI fell to 49.3 in January, signaling contraction and sparking concern over domestic demand. Investors are watching for signs of weakness in new energy equipment orders as macroeconomic signals overshadow company news.
Marvell stock slides to $78.92 — what MRVL investors watch as payrolls, tech earnings loom

Marvell stock slides to $78.92 — what MRVL investors watch as payrolls, tech earnings loom

Marvell Technology fell 3% to $78.92 Friday amid a late selloff in chip stocks, with trading volume reaching 12.6 million shares. A regulatory filing showed CFO Willem Meintjes had 19,664 shares withheld for taxes after performance stock units vested in January. Investors await U.S. jobs data and major tech earnings next week. The Nasdaq dropped 0.94% as markets reacted to Kevin Warsh’s Fed nomination and inflation data.

Stock Market Today

  • Fukuda Denshi Stock Faces Governance Uncertainty Despite Attractive P/E Ratio
    June 23, 2026, 9:20 AM EDT. Fukuda Denshi (TSE:6960) shares have dropped 14.55% in the last month after Chairman Kotaro Fukuda resigned amid activist investor Kaname Capital's allegations. The stock trades at a price-to-earnings (P/E) ratio of 15.1x, below the peer average of 15.8x and the industry average of 15.3x, suggesting it may be undervalued on a multiples basis. However, the stock price of ¥10,510 per share exceeds the SWS discounted cash flow (DCF) valuation of ¥8,567, indicating potential overvaluation based on future cash flows. The governance concerns coupled with the share price above DCF estimates add uncertainty to the stock's outlook despite strong earnings growth and returns in the past year and five years.

Latest articles

Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks

Nasdaq 100 Slides, Tech Stocks Wipe Out $1 Trillion

23 June 2026
Nasdaq 100 futures plunged nearly 3% premarket as selling in AI-linked tech stocks intensified, putting over $1 trillion in market value at risk Tuesday; SpaceX dropped below a $2 trillion valuation and lost $600 billion in three sessions, while South Korea’s KOSPI tumbled 9.99% after Samsung and SK Hynix fell over 12% each, as investors question AI returns and brace for higher U.S. rates.
Keel (NYSE:KEEL) Faces Major AI Test After Rally

Keel (NYSE:KEEL) Faces Major AI Test After Rally

23 June 2026
Keel Infrastructure Corp shares slipped pre-market after hitting a 52-week high Monday, as investors weigh the upcoming June 26 addition to the Russell 3000 Index and the recent $458 million convertible note offering with a $7.41 conversion price, while the company remains in transition with declining revenue, a $127.6 million quarterly loss, and key data-center leases still unsigned.
Nokia Oyj (HEL:NOKIA, NYSE:NOK) slips heading into Q2; AI-optical momentum pressured

Nokia (HEL:NOKIA) gives back AI-fueled gains after Google Cloud news

23 June 2026
Nokia shares dropped 2.5% in Helsinki after a U.S. rally sparked by a Google Cloud AI partnership, as investors weighed the new Gemini-based tools against a weaker Finnish market and sector-wide AI pullback; Nokia’s ADRs had surged 6.97% on Monday after announcing six specialized AI agents for telecom networks, with the first agent pack set for Google Cloud Marketplace in September.
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