News
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Today’s Market Recap: Chip and Software Stocks Crater as AI Conviction Wavers, AMD Plunges 17%
TradingKey - On February 4, 2026, U.S. stocks declined, weighed down by renewed pressure on technology shares. The S&P 500 slipped 0.51% to 6,882, while the Nasdaq Composite fell 1.51% to 22,905, underperforming broader benchmarks as selling concentrated in growth and semiconductor stocks.
InnoScience rises most in 5 weeks on Google AI chip deal
Shares of InnoScience (Suzhou) Technology 2577.HK rises 11.1% to HK$59.8, on course for their biggest one-day pct gain since December 30China-based gallium nitride semiconductor maker set to snap four consecutive sessions of declineSays some products completed design-ins on Alphabet's Google Inc...Reuters
Wed, Feb 4
Chinese solar giant Jinko visited by Elon Musk's team, state-backed media reports
BEIJING, Feb 4 (Reuters) - China's leading solar firm Jinko Solar 688223.SS has been visited by a team sent by Tesla TSLA.O CEO Elon Musk, state-backed media outlet 21st Century Business Herald reported on Wednesday.The team also visited other major Chinese solar firms, the report said, citing J...Reuters
Wed, Feb 4
Tether downplays $20 billion funding amount after investor pushback, FT reports
Feb 4 (Reuters) - Crypto group Tether Chief Executive Paolo Ardoino has downplayed the amount of money it will raise in a new funding round following investor pushback over its $500-billion valuation goal, the Financial Times reported on Wednesday.Tether's advisers have floated raising as little...Reuters
Wed, Feb 4
AMD predicts weaker first-quarter sales, shares plunge on Nvidia comparisons
AMD forecasts $9.8 billion Q1 revenue, 5% sequential declineAI chip sales to China included in forecast, boosting revenueAnalysts worry about customer concentration, potential poaching by Nvidia By Arsheeya Bajwa and Stephen Nellis Feb 3 (Reuters) - Advanced Micro Devices AMD.O on Tuesday forecas...Reuters
Wed, Feb 4
Nvidia nears deal to invest $20 billion in OpenAI funding round, source says
Feb 3 (Reuters) - Nvidia NVDA.O is nearing a deal to invest roughly $20 billion in OpenAI as part of its latest funding round, a person familiar with the matter told Reuters on Tuesday.ChatGPT maker OpenAI is looking to raise up to $100 billion in its latest funding round, valuing it at about $830 b...Reuters
Wed, Feb 4
Trump signs extension of Africa duty-free trade program, USTR says
WASHINGTON, Feb 3 (Reuters) - U.S. President Donald Trump on Tuesday signed a law that will extend a preferential trade program for Africa through December 31, effective retroactively to September 30, 2025, the chief U.S. trade negotiator said.U.S. Trade Representative Jamieson Greer said the law neReuters
Wed, Feb 4
Super Micro Computer raises annual revenue forecast amid strong demand for its servers
Feb 3 (Reuters) - Super Micro Computer SMCI.O raised its annual revenue forecast on Tuesday, anticipating a continued robust demand for its AI-optimized servers as companies expand their data center capacity.Reuters
Wed, Feb 4
Anthropic's new AI tools deepen selloff in data analytics and software stocks, investors say
NEW YORK/LONDON, Feb 3 (Reuters) - A significant selloff among U.S. and European data analytics, professional services and software companies deepened on Tuesday, with some investors pointing to a recently updated artificial intelligence chatbot by Anthropic as the main culprit.Reuters
Wed, Feb 4
SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions
The deal is the biggest M&A transaction of all timeDeal values xAI at $250 billion, SpaceX at $1 trillionMerger consolidates Musk’s empire ahead of SpaceX IPOBy Echo Wang and Joey Roulette Feb 2 (Reuters) - Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence star...Reuters
Tue, Feb 3
BREAKINGVIEWS-India settles for least bad option on US trade
By Shritama Bose MUMBAI, Feb 3 (Reuters Breakingviews) - India's trade pact with the U.S. leaves much to be desired but will ease a crushing overhang on the rupee. Ten months into President Donald Trump's trade war, the South Asian country is emerging bruised but at least more integrated ...Reuters
Tue, Feb 3
JGB yields rise on risk-on shift as slide in commodities pauses
TOKYO, Feb 3 (Reuters) - Japanese government bond yields rose on Tuesday as risk-on sentiment took hold after a slump in commodities prices paused and stocks jumped. The benchmark 10-year JGB yield JP10YTN=JBTC climbed 2.5 basis points (bps) to 2.255%. The two-year yield JP2YTN=JB...Reuters
Tue, Feb 3
Japan's food exports hit record in 2025 on strong US demand
TOKYO, Feb 3 (Reuters) - Japan's exports of agricultural, forestry and fishery products rose 12.8% to an all-time high in 2025, lifted by stronger shipments to the United States despite new tariffs, and by a rebound in exports to China from the previous year's slump.Reuters
Tue, Feb 3
Ukraine agrees multi-tier plan for enforcing any ceasefire with Russia, FT reports
Feb 3 (Reuters) - Ukraine has agreed with western partners that persistent Russian violations of any future ceasefire agreement will be met by a co-ordinated military response from Europe and the U.S., the Financial Times reported on Tuesday citing people briefed on the discussions.Reuters
Tue, Feb 3
USD/CNH declines towards 33-month low to near 6.9310 as Yuan gains on seasonal demand
The USD/CNH pair trades lower to 6.9350 during the late Asian trading session on Tuesday. The pair declines towards its 33-month low of 6.9310 as the Chinese Yuan (CNH) continues to outperform the US Dollar (USD) due to strong seasonal demand.Fxstreet
Tue, Feb 3
