Technology News 2 February 2026

Oracle’s $50B cash-raise plan spooks investors as report flags up to 30,000 job cuts

Oracle plans to raise $45–50 billion in 2026 through debt and equity to expand cloud capacity for AI demand. Shares fell about 4% in premarket trading after analysts warned the move could pressure margins and delay free-cash-flow recovery. A TD Cowen note said Oracle may cut 20,000–30,000 jobs as banks scale back AI data-center financing.

2 February 2026

NASDAQ:ORCL·Technology

Alibaba stock slips premarket after $431 million Qwen AI Lunar New Year blitz

Alibaba shares fell 0.8% to $168.17 in premarket trading after the company announced a 3 billion yuan ($431 million) investment to boost its Qwen AI app ahead of Lunar New Year. The campaign launches Feb. 6, with incentives distributed via digital red envelopes. Rival DeepSeek is expected to update its AI model mid-month. Alibaba’s next earnings report is scheduled for Feb. 19.

2 February 2026

Artificial Intelligence·NYSE:BABA·Stock Market·Technology

Rockchip stock price slides in Shanghai: mixed PMI signals and chip-sector churn hit early trade

Rockchip Electronics Class A shares fell 2.6% to 186.27 yuan in Shanghai by mid-morning Monday, with 3.9 million shares traded. The drop follows a sharp January rally in Chinese chip stocks and comes as traders weigh mixed factory data and rising costs ahead of the Lunar New Year. China’s official manufacturing PMI slipped to 49.3 in January, while a private survey showed a slight uptick to 50.3.

2 February 2026

Semiconductors·SHA:688126·Stock Market·Technology

Samsung Electro-Mechanics stock price jumps nearly 5% as shares test a 52-week high

Samsung Electro-Mechanics shares jumped 4.8% to 292,500 won Monday, hitting a 52-week high of 300,000 won before easing. The move came as South Korea’s January exports surged 33.9%, led by a 102.7% jump in semiconductor shipments. KOSPI opened about 1% lower after news of a new Federal Reserve chair nominee. Investors await Murata’s earnings for signals on MLCC pricing.

2 February 2026

KRX:011780·Stock Market·Technology

VeriSilicon 688521 Class A stock faces fresh overhang as early backers line up 1.95% stake sale

A shareholder group plans to sell up to 10.25 million VeriSilicon Class A shares, or 1.95% of the company, via block trades starting March 4. The stock closed Friday at 222.01 yuan, up 6.02%. Shares have surged over 300% in the past year. The group, controlled by Chen Xiaofei, cited funding needs for the sale.

2 February 2026

SHA:688521·Stock Market·Technology

STMicroelectronics stock price: Oddo target lift meets Monday test as chip peers line up

STMicroelectronics shares rose 1.3% in Paris Friday after Oddo BHF raised its price target to 32 euros, while U.S. shares fell 2.5%. The company reported a $30 million net loss last quarter and forecast Q1 revenue near $3.04 billion. Investors remain cautious, watching auto demand and upcoming peer results from NXP and Infineon.

2 February 2026

EPA:STM·NYSE:STM·Semiconductors·Stock Market·Technology

ASE Technology stock drops 4% ahead of results — what to watch for 3711.TW and NYSE:ASX

ASE Technology shares fell 4.19% to NT$297 in the previous Taiwan session, with 25.9 million shares traded, staying below the 52-week high. U.S.-listed ADRs dropped nearly 4% to $18.98. The company reports quarterly earnings Feb. 5, with investors watching for updates on advanced chip packaging demand and profit margins.

2 February 2026

Earnings Reports·NYSE:ASX·Stock Market·Technology·TSX:3711.TW

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.

2 February 2026

SHE:300394.SZ·Stock Market·Technology

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.

2 February 2026

HKG:6809·SHA:688008·Stock Market·Technology

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

SHA:688000·Stock Market·Technology

Nanya Technology stock jumps near limit-up in Taiwan as memory prices surge — what to watch Monday

Nanya Technology shares closed up 9.9% at T$326.5 on Friday after foreign investors bought about 21.1 million shares, with turnover at 127.8 million. The surge followed reports of record-high DRAM and NAND prices amid tight supply. Nanya disclosed a T$3.66 billion equipment purchase. Taiwan markets will close Feb. 12–13 for a holiday.

2 February 2026

Stock Market·Technology·TWSE:2402

Arm stock set for earnings week after CEO sale notice and chip selloff

Arm’s U.S.-listed ADRs fell 2.8% to $105.36 Friday as chip stocks slid and the PHLX Semiconductor Index lost 3.9%. CEO Rene Haas filed to sell 6,152 shares, worth about $654,000. Investors await Arm’s fiscal third-quarter results and outlook, due Feb. 4 after the market closes.

2 February 2026

Earnings Reports·NASDAQ:ARMH·Semiconductors·Stock Market·Technology

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Intuitive Machines stock just jumped 18% — what LUNR traders are watching next week

7 February 2026

Intuitive Machines shares surged 18.3% to $17.50 Friday, outpacing the broader market as the Dow topped 50,000 and tech stocks rallied. No clear company-specific news drove the jump. The move follows last month’s $800 million Lanteris Space Systems acquisition. U.S. jobs and inflation data next week may shift market direction.

GE Vernova stock price jumps toward $800 — what to know before Monday trade

7 February 2026

GE Vernova shares jumped 5.7% to $779.35 Friday after Baird upgraded the stock and the Dow closed above 50,000. The company’s onshore wind unit reported 1.1 GW in U.S. repower orders for 2025, a figure previously disclosed. GE Vernova also completed a $2.6 billion senior notes offering to help fund its Prolec GE stake purchase. Next earnings report is set for April 22.

Navitas Semiconductor stock jumps 19% into weekend — here’s what could move NVTS next week

7 February 2026

Navitas Semiconductor shares surged 19.3% to $8.86 Friday, with 27.4 million shares traded, as chip stocks rebounded and the Dow closed above 50,000 for the first time. The company’s next earnings report is scheduled for February 24 after market close.

Lumentum stock hits a record close — Citi raises target, insider filing lands ahead of Monday

7 February 2026

Lumentum shares jumped 9.3% to a record $551.99 Friday after Citigroup and JPMorgan raised price targets to $560 and $565. The surge followed strong quarterly results and guidance, plus a director’s filing to sell up to 4,849 shares. Markets reopen Monday ahead of the company’s March 17 investor briefing at OFC.

Technology News 2 February 2026

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