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Stock Market News 18 January 2026

Giga Device Semiconductor Class A stock hits limit-up in Shanghai as memory-price bets build into Monday

Giga Device Semiconductor Class A stock hits limit-up in Shanghai as memory-price bets build into Monday

GigaDevice Semiconductor’s Shanghai shares surged 10% to 280.46 yuan Friday, hitting their daily limit on heavy volume. Hong Kong-listed shares jumped 16.7% to HK$272. Semiconductor stocks outperformed as memory prices climbed and traders looked ahead to the company’s March 31 earnings. Mainland markets remain closed until Monday.
Coherent stock swings into Tuesday reopen as analysts cite AI-optics demand, Photonics West

Coherent stock swings into Tuesday reopen as analysts cite AI-optics demand, Photonics West

Coherent Corp shares fell 2.5% to $191.04 Friday after surging 6.4% Thursday. Analysts at Bank of America, Barclays, and Morgan Stanley raised price targets, citing strong optical transceiver demand tied to AI. Coherent launched new laser and imaging products this week and plans to debut its Sapphire XT platform at Photonics West in San Francisco. U.S. markets close Monday for Martin Luther King Jr. Day.
Sungrow Power Supply (300274.SZ) jumps on AI data-centre power push as China traders brace for new margin rules

Sungrow Power Supply (300274.SZ) jumps on AI data-centre power push as China traders brace for new margin rules

Sungrow Power Supply’s Shenzhen-listed shares rose 3.34% to 170.99 yuan Friday after the company said it is expanding into AI data-centre power supply and expects initial deliveries by 2026. Broker coverage and investor interest in infrastructure for artificial intelligence fueled gains. The Shanghai Composite fell 0.26%. New margin-financing rules take effect Jan. 19.
ASE Technology stock price hits record close as chip rally sets up a holiday-shortened week

ASE Technology stock price hits record close as chip rally sets up a holiday-shortened week

ASE Technology’s U.S. shares closed Friday at $19.41, up 1.2% to a record high, as chip stocks led Wall Street gains. The Philadelphia Semiconductor Index rose about 1.2%, while broader indexes stayed flat. ASE’s Taiwan shares also gained 1.68%. Investors now await next week’s earnings reports and ASE’s Feb. 5 results.
Microchip Technology stock price: Stifel’s $90 target and auto-flash tie-up put MCHP in focus

Microchip Technology stock price: Stifel’s $90 target and auto-flash tie-up put MCHP in focus

Microchip Technology shares closed up 0.3% at $74.70 Friday, with 7 million shares traded. Stifel lifted its price target to $90, while TD Cowen raised its target to $75. Microchip and United Microelectronics launched an automotive-grade chip platform. U.S. markets will be closed Monday for Martin Luther King Jr. Day.
Monolithic Power Systems stock ends higher after Wells Fargo upgrade — what MPWR holders watch next week

Monolithic Power Systems stock ends higher after Wells Fargo upgrade — what MPWR holders watch next week

Monolithic Power Systems shares rose 2.37% to $1,033.17 Friday after Wells Fargo upgraded the stock to “Overweight” and raised its price target. The move outpaced other chip stocks ahead of the U.S. market holiday. MPWR has gained for five straight sessions and will report earnings Feb. 5. Markets reopen Tuesday.
NXP stock price slips into long weekend as TD Cowen lifts NXPI target and traders eye earnings

NXP stock price slips into long weekend as TD Cowen lifts NXPI target and traders eye earnings

NXP Semiconductors fell 0.6% to $237.11 Friday, underperforming chip peers as the Philadelphia Semiconductor Index rose 1.2%. TD Cowen, Citi, and Wells Fargo raised price targets, citing strong demand outlooks. NXP, set to report earnings Feb. 2, also announced a healthcare packaging partnership. U.S. markets reopen Tuesday after the holiday.
TE Connectivity stock price: the two dates TEL traders are circling

TE Connectivity stock price: the two dates TEL traders are circling

TE Connectivity closed Friday at $241.01, down 0.38%, near its 52-week high. The company will report first-quarter results before the market opens January 21, with an investor call at 8:30 a.m. ET. The NYSE and Nasdaq will be closed Monday for Martin Luther King Jr. Day, reopening Tuesday. TE’s annual meeting is scheduled for March 11 in Dublin.
Marvell stock price steadies near $80 as Jefferies flags $120 target ahead of earnings

Marvell stock price steadies near $80 as Jefferies flags $120 target ahead of earnings

Marvell Technology closed Friday nearly flat at $80.46 after a volatile session. Jefferies maintained a Buy rating and a $120 price target, citing growth in custom AI chips. U.S. markets will close Monday for Martin Luther King Jr. Day and reopen Tuesday. Marvell’s fiscal Q4 results are expected Feb. 26, with analysts forecasting $0.79 EPS.
MediaTek stock price: Taiwan chip designer closes higher as AI trade lifts sentiment — what to watch next

MediaTek stock price: Taiwan chip designer closes higher as AI trade lifts sentiment — what to watch next

MediaTek shares rose 1.01% to NT$1,505 on Friday, tracking a 1.94% surge in Taiwan’s benchmark index to a record 31,408.70. Gains followed a U.S.-Taiwan trade deal cutting tariffs and TSMC’s strong 2026 outlook. Investors now await U.S. tech earnings and MediaTek’s upcoming dividend and sales updates.
Zhongji Innolight (300308.SZ) stock: what the stake-sale update means for the week ahead

Zhongji Innolight (300308.SZ) stock: what the stake-sale update means for the week ahead

Zhongji Innolight’s controlling shareholder completed a planned sale of 5.5 million shares, cutting its stake to 10.93%, according to a Friday filing. Zhongji shares closed down 1.3% at 617 yuan. Investors now await a Jan. 28 vote on the company’s proposed Hong Kong H-share listing. Mainland markets are closed for the weekend.

Stock Market Today

Walmart stock jumps to $131 as traders brace for CPI and Feb. 19 earnings

Walmart stock jumps to $131 as traders brace for CPI and Feb. 19 earnings

7 February 2026
Walmart shares rose 3.3% Friday to $131.18, up 10% since Jan. 30, as the Dow closed above 50,000 for the first time. The retailer’s market value crossed $1 trillion this week. Investors await January inflation data on Feb. 13 and Walmart’s quarterly results on Feb. 19 for signs of continued momentum.
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