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Stock Market 2 February 2026

On June 23, 2026, global markets saw significant volatility, particularly in technology and semiconductor sectors. Primoris shares dropped about 35% in premarket trading after the company cut its 2026 adjusted EBITDA guidance to $275 million-$325 million from a previous $480 million-$500 million and announced the departure of its COO. Amazon.com shares slipped as Prime Day began, continuing a recent pullback in large tech stocks. Palantir edged up 0.7% premarket after a 7% drop the previous day, having reached a new 52-week low; the company secured a role in U.S. Army data architecture. Nasdaq 100 futures fell nearly 3% before the open, with traders retreating from AI-related tech names. SpaceX lost over $600 billion in market value across three sessions, and South Korea’s KOSPI index fell 9.99% following sharp declines in Samsung Electronics and SK Hynix. Keel Infrastructure Corp pulled back after a surge to a 52-week high. Nokia shares dropped 2.5% in Helsinki after rising on Wall Street, following news of a Google Cloud partnership to integrate Gemini-powered AI into its network software. Tianci International jumped 73.2% premarket after reporting more than doubled revenue and a swing to positive net income. Catheter Precision rose 34.5% after announcing new patents and a sports partnership. Ridgetech surged 68.6% premarket on high volume. Ondas traded lower despite reporting over $150 million in defense-system orders for the quarter. Microsoft rose 1.1% premarket after a previous decline, as investors weighed Chevron’s new AI data center power deal. Infleqtion gained over 5% following a White House quantum order. Ford shares looked set to open lower as Canadian labor negotiations began. SOFI fell 2.3% premarket as its stablecoin was listed by Bullish. Broader U.S. futures were down, with S&P 500, Nasdaq 100, and Dow all lower. SpaceX and Intel both faced steep premarket declines, with concerns about AI spending and market risks weighing on sentiment. Super Micro dropped 6.3% premarket despite a recent rally on new product news. Anthropic secured a partnership with Micron Technology, which will supply memory and storage and join its funding round.
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.
Zhongji Innolight stock price in focus: profit forecast, 1.6T orders and what could move the A-shares next

Zhongji Innolight stock price in focus: profit forecast, 1.6T orders and what could move the A-shares next

Zhongji Innolight A-shares closed at 649 yuan on Jan. 30, up 5.7%, after the company forecast 2025 net profit of 9.8–11.8 billion yuan, an increase of up to 128% from last year. The optical module maker cited strong demand for AI data center infrastructure but flagged supply constraints and cost pressures. Monday’s open is expected to be volatile following weekend investor updates.
2 February 2026
Qualcomm stock price slips into earnings week — what QCOM investors are watching next

Qualcomm stock price slips into earnings week — what QCOM investors are watching next

Qualcomm shares fell 0.41% to $151.59 Friday, then edged down after hours as Wall Street slipped on Fed leadership uncertainty and a strong inflation reading. Investors await Qualcomm’s Feb. 4 earnings report and management’s outlook on chip demand and licensing. Chip stocks were mixed, with Nvidia and Texas Instruments down and Broadcom slightly higher. U.S. markets reopen Monday.
MediaTek stock heads into Monday with Feb. 4 results call in focus after Friday dip

MediaTek stock heads into Monday with Feb. 4 results call in focus after Friday dip

MediaTek shares fell 1.1% to NT$1,760 on Friday, trading 11.2 million shares between NT$1,735 and NT$1,775. Domestic investment trusts net bought 403,588 shares on Jan. 30. Investors await the company’s fourth-quarter results on Feb. 4 and January revenue figures on Feb. 10. The TAIEX index closed down 1.45% earlier in the week, adding pressure to tech stocks.
Analog Devices stock (ADI) slips from record high — what to watch before Monday’s open

Analog Devices stock (ADI) slips from record high — what to watch before Monday’s open

Analog Devices shares fell 2.4% to $310.88 on Friday, retreating from a record high set the previous day as chip stocks weakened. The drop came ahead of the company’s fiscal first-quarter earnings, scheduled for Feb. 18. Broader U.S. markets also slipped after Donald Trump named Kevin Warsh as his pick for Federal Reserve chair and December producer prices rose more than expected.
Texas Instruments stock cools after its midweek surge — what matters before Monday’s open

Texas Instruments stock cools after its midweek surge — what matters before Monday’s open

Texas Instruments shares fell 1.6% to $215.55 Friday, erasing part of the week’s gains as chip stocks slumped after Donald Trump nominated Kevin Warsh for Fed chair. About 9.1 million TXN shares traded. The Philadelphia semiconductor index dropped 3.87%. Investors await a Texas Instruments webcast on Feb. 24 and key U.S. economic data releases.
AMD stock price tumbles on MI450 delay chatter ahead of Feb. 3 earnings — what to watch next week

AMD stock price tumbles on MI450 delay chatter ahead of Feb. 3 earnings — what to watch next week

AMD shares fell 6.1% to $236.73 Friday after reports of possible delays in its MI450 AI accelerator. The stock traded as low as $234.55 during the session, with about 40 million shares changing hands. The drop came ahead of AMD’s earnings report set for Tuesday. Broader chip and AI-infrastructure stocks also declined sharply.
Intel stock price: INTC ends Friday lower — what to watch before Monday’s open

Intel stock price: INTC ends Friday lower — what to watch before Monday’s open

Intel shares fell 4.4% to $46.47 Friday amid a broader tech selloff and concerns over a partial U.S. government shutdown. Wall Street reacted to Donald Trump’s nomination of Kevin Warsh as Fed chair and a hot inflation report. Intel faces pressure after warning of supply constraints and missing Q1 forecasts. AMD and Qualcomm report earnings next week, with markets watching for signals on chip demand.
2 February 2026
TSMC stock faces Monday test after Nvidia boss Jensen Huang says he needs “a lot of wafers”

TSMC stock faces Monday test after Nvidia boss Jensen Huang says he needs “a lot of wafers”

Nvidia CEO Jensen Huang urged TSMC to ramp up chip output, citing urgent AI demand and wafer shortages. TSMC shares closed Friday in Taipei at T$1,775, down 1.66%, and its U.S. ADRs fell 2.7% to $330.56. Investors await TSMC’s January sales report on Feb. 10. Huang also confirmed Nvidia’s planned investment in OpenAI’s next funding round.

Stock Market Today

  • Micron Q3 Earnings Preview Amid Surging AI-Driven Memory Demand
    June 23, 2026, 10:19 AM EDT. Micron (MU) is set to report its third-quarter earnings, with analysts predicting a 967% year-over-year increase in EPS to $20.39 on revenue rising 281% to $35.5 billion, driven by soaring demand for memory chips in AI data centers. DRAM revenue is expected to hit $27.5 billion, up 288%, while NAND storage revenue is projected at $7.7 billion, a 256% rise. Micron's adjusted gross margins could reach 81.83%, doubling from last year. The company's strategic deal with AI firm Anthropic underscores growing investment in AI infrastructure, but concerns about circular investing remain. High memory demand is also pressuring consumer tech makers like Apple and gaming console producers to raise prices amid chip shortages.

Latest articles

AMC Stock Drops After $200 Million Share Sale

AMC Stock Drops After $200 Million Share Sale

23 June 2026
AMC Entertainment plunged 26% after announcing a $200 million stock sale at $2.10 per share, sparking fresh dilution worries despite record weekend attendance driven by “Toy Story 5”; proceeds will mainly redeem $125.5 million in 2027 notes, but investors remain wary of repeated equity raises.
Primoris Slides 35% After Renewables Cost Hit, 2026 Outlook Cut

Primoris Slides 35% After Renewables Cost Hit, 2026 Outlook Cut

23 June 2026
Primoris plunged 35.5% premarket after slashing 2026 profit guidance due to renewed cost overruns in its renewables business and the COO’s exit, with adjusted EBITDA now seen at $275M-$325M vs. $480M-$500M prior; Mizuho and Wells Fargo cut price targets, KeyBanc downgraded shares, as investors brace for further risks if project losses continue.
Amazon Stock Just Got Hit Before Prime Day — AI Spending Fears Are Back

Amazon Faces Prime Day as AI Worries Hit Tech Stocks

23 June 2026
Amazon shares slipped 0.7% premarket to $231.20 as Prime Day began, with investors watching if U.S. shoppers will spend amid tight budgets and a broader tech selloff; despite projected $21.6B in Prime Day sales and AWS growth, concerns over $200B in capex and AI returns kept pressure on the stock.
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