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Technology 1 February 2026 - 2 February 2026

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

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

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

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
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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.
2 February 2026
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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.
2 February 2026
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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
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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.
2 February 2026
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ASML stock price slips into weekend; dividend dates, capacity questions loom

ASML stock price slips into weekend; dividend dates, capacity questions loom

ASML shares closed 2.2% lower at $1,423 on U.S. markets Friday, despite record fourth-quarter orders and a raised 2026 sales forecast. The company plans to cut 1,700 jobs and launch a new buyback. Investors await dividend dates in mid-February and the annual report on Feb. 25. Sentiment remains volatile as markets weigh delivery risks against high expectations.
1 February 2026
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Verizon stock price jumps on $25 billion buyback — can VZ hold gains into Monday?

Verizon stock price jumps on $25 billion buyback — can VZ hold gains into Monday?

Verizon shares surged 11.8% to $44.52 Friday after the company raised its 2026 profit and cash forecasts and announced a $25 billion buyback program. The carrier added 616,000 postpaid phone subscribers in the fourth quarter, beating expectations. CEO Dan Schulman said Verizon is exiting 2025 with “strong momentum.” AT&T and T-Mobile US also gained as the broader telecom sector rallied.
1 February 2026
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Tech stocks brace for Alphabet, Amazon earnings as Nasdaq slip puts AI spending in focus

Tech stocks brace for Alphabet, Amazon earnings as Nasdaq slip puts AI spending in focus

The Nasdaq Composite fell 0.94% Friday to 23,461.82 as tech stocks stumbled ahead of key earnings from Alphabet, Amazon, AMD, and Qualcomm this week. Microsoft dropped 0.7% after a steep cloud revenue miss; Apple rose 0.4% on strong guidance. Investors are watching AI spending and the impact of Kevin Warsh’s Fed nomination as wholesale inflation jumped 0.5% last month.
1 February 2026
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Semiconductor stocks slide, setting up Advanced Micro Devices and Qualcomm earnings week

Semiconductor stocks slide, setting up Advanced Micro Devices and Qualcomm earnings week

The Philadelphia Semiconductor Index fell 3.9% Friday, closing at 7,998.5, as chip equipment stocks tumbled and KLA Corp dropped 15.2%. Sandisk surged after raising its revenue outlook and extending a supply deal with Kioxia. Investors await earnings from AMD on Feb. 3 and Qualcomm on Feb. 4, along with the U.S. jobs report Feb. 6. President Trump’s nomination of Kevin Warsh for Fed chair weighed on markets.
1 February 2026
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SK hynix stock price: Korea export surge sets up Monday test for chip shares

SK hynix stock price: Korea export surge sets up Monday test for chip shares

SK hynix shares closed at 909,000 won Friday, up 5.57%, after South Korea’s January semiconductor exports jumped 102.7% to $11.7 billion. The company posted a record 19.2 trillion won quarterly operating profit and plans to cancel treasury shares worth 12.2 trillion won. Samsung will begin HBM4 chip production next month, while SK hynix ramps up new wafer output at its Cheongju fab.
1 February 2026
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Stock Market Today

  • Energean Investment Narrative Shifts Amid Conservative Forecasts and Angola Asset Acquisition
    March 29, 2026, 6:48 AM EDT. Energean (LSE:ENOG) has seen a slight decrease in its modeled fair value from £9.32 to £9.30, indicating a modest adjustment rather than a major shift in investor expectations. Leading banks Berenberg and Jefferies updated their price targets and commentary, introducing a cautious tone and more conservative assumptions adjusting sentiment. Energean's acquisition of Chevron's offshore Angola assets adds 42,000 barrels per day of production, bolstering reserves and infrastructure access. However, geopolitical tensions have led to a temporary suspension of production on the Energean Power FPSO, focusing on staff safety. The company anticipates a non-cash impairment of around €300 million related to Cassiopea in its 2025 accounts. Investors should monitor evolving forecasts and risk factors influencing the stock's outlook.
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