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Stock Market News 3 February 2026

Broadcom stock dips today: AVGO slides as Wi‑Fi 8 push, VMware partner cuts sharpen focus on March earnings

Broadcom stock dips today: AVGO slides as Wi‑Fi 8 push, VMware partner cuts sharpen focus on March earnings

Broadcom shares fell 3.4% to $319.73 late Tuesday morning after opening at $336.60 and swinging between $338.76 and $315.15. The company will report quarterly results and its business outlook after markets close March 4. Broadcom launched a new Wi‑Fi 8 enterprise platform Tuesday and confirmed changes to VMware’s partner program, reducing European resellers.
3 February 2026
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Robinhood (HOOD) stock slips as bitcoin stays below $80,000; what to watch before earnings

Robinhood (HOOD) stock slips as bitcoin stays below $80,000; what to watch before earnings

Robinhood Markets fell 1.1% to $88.94 in early Tuesday trading after a 9.6% plunge Monday, as Bitcoin dropped 1.2% to $77,763. Trading volume on Monday more than doubled the recent average. Piper Sandler kept its Overweight rating but warned slowing crypto activity could hurt revenue. Robinhood will report earnings after markets close on Feb. 10.
3 February 2026
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AMD earnings today: AMD’s AI chip test heats up as OpenAI eyes options beyond

AMD earnings today: AMD’s AI chip test heats up as OpenAI eyes options beyond

AMD will report fourth-quarter results after Tuesday’s U.S. market close, with analysts expecting revenue near $9.67 billion and adjusted earnings of about $1.32 per share. Investors are watching data-center and AI chip sales, while tight supply and rising memory costs may weigh on PC guidance. OpenAI is reportedly considering AMD as an alternative to Nvidia for AI inference. AMD shares have risen 114% over the past year.
3 February 2026
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SCHD dividend ETF is beating the S&P 500 in 2026 — what’s driving the comeback

SCHD dividend ETF is beating the S&P 500 in 2026 — what’s driving the comeback

Schwab’s SCHD ETF has gained 8.5% year-to-date, far outpacing the S&P 500’s 1% rise and nearing an all-time high, according to Invezz. The fund held $79 billion in net assets as of Feb. 2, with a 3.82% trailing 12-month yield and a 0.06% annual expense ratio. Vanguard announced fee cuts across 53 funds Monday amid intensifying competition.
3 February 2026
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Apple stock price today: AAPL slides as tech dips, India tax win and chip-cost jump loom

Apple stock price today: AAPL slides as tech dips, India tax win and chip-cost jump loom

Apple shares fell 0.7% to $268.07 in early trading Tuesday, lagging the S&P 500 as tech stocks slid. India removed a tax barrier for foreign equipment in electronics manufacturing zones, a move Apple had sought to support iPhone exports. Meanwhile, TrendForce projected DRAM contract prices will surge up to 95% this quarter, raising concerns over rising component costs for devices.
3 February 2026
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AMD stock price slips after early pop as OpenAI chip hunt meets earnings day

AMD stock price slips after early pop as OpenAI chip hunt meets earnings day

AMD shares fell 1.1% to $243.50 late Tuesday morning, reversing early gains ahead of the company’s quarterly earnings report due after the close. The drop followed a Reuters report that OpenAI is seeking alternatives to Nvidia AI chips, citing dissatisfaction with inference performance. Nvidia stock fell 3.1%, while Intel rose 2.3%. Investors are awaiting updates on AMD’s data-center and AI accelerator plans.
3 February 2026
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SanDisk stock jumps as AI memory shortage fuels a bold Q3 forecast

SanDisk stock jumps as AI memory shortage fuels a bold Q3 forecast

SanDisk forecast third-quarter revenue of $4.4–$4.8 billion and non-GAAP EPS of $12–$14, sending shares up over 9% after hours. The company posted $3.025 billion revenue and $803 million net profit for Q2, reversing a prior loss. SanDisk extended its Kioxia joint venture to 2034 and committed $1.165 billion to manufacturing services. Memory chip prices are surging amid an “unprecedented” shortage, driven by AI data center demand.
3 February 2026
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Western Digital stock jumps on $4 billion buyback boost as WDC investors eye Innovation Day

Western Digital stock jumps on $4 billion buyback boost as WDC investors eye Innovation Day

Western Digital shares rose 6.6% to $288.13 Tuesday after the company authorized an additional $4 billion for share repurchases, with $484 million left from the previous plan. The announcement comes ahead of Innovation Day, where executives are expected to address capital returns and AI-storage demand.
3 February 2026
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SoFi stock pops on JPMorgan upgrade, then cools as Wall Street trims targets

SoFi stock pops on JPMorgan upgrade, then cools as Wall Street trims targets

SoFi shares rose 0.2% to $22.12 by mid-morning Tuesday after JPMorgan upgraded the stock to Overweight with a $31 target. A recent SEC filing showed Chief Risk Officer Arun Pinto entered a hedging contract tied to 71,500 shares. SoFi will liquidate its Next 500 ETF after trustee approval. The stock briefly reached $23.34 before retreating.
3 February 2026
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Snap stock slides ahead of earnings as traders brace for ad-demand update

Snap stock slides ahead of earnings as traders brace for ad-demand update

Snap shares fell about 6% to $6.26 Tuesday morning ahead of its fourth-quarter earnings report due Wednesday after market close. Analysts expect earnings near 15 cents per share on $1.70 billion revenue. Trading volume Monday hit 54.1 million shares, well above average. Investors are watching ad demand and user trends as new youth-safety rules take effect in key markets.
3 February 2026
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Micron stock falls today after rally; insider sale notice and chart warning in focus

Micron stock falls today after rally; insider sale notice and chart warning in focus

Micron Technology shares fell 4.4% to $418.34 Tuesday morning after rallying 5.5% Monday. SEC filings show officer Sumit Sadana plans to sell 25,000 shares worth about $10.7 million. Traders cited volatile AI-driven memory demand and flagged Micron’s extreme distance above its 200-day moving average. Advanced Micro Devices reports earnings after the close.
3 February 2026
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Stock Market Today

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026
LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:31 AM EST Dollar Dips as Stocks Rally and US Data Influences Fed Rate Expectations February 7, 2026, 12:18 AM EST. The **dollar index** fell 0.17%, pressured by a rebound in equity markets reducing demand for the safe-haven currency. Weaker-than-expected U.S. labor market data raised the odds of a Fed rate cut to 18% for March, though consumer sentiment improved to a six-month high, limiting losses. Hawkish comments from Atlanta Fed's Raphael Bostic emphasized maintaining restrictive monetary policy. The dollar faces medium-term weakness amid expectations for rate cuts
Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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