Core Insights - Three major companies, SpaceX, OpenAI, and Anthropic, are expected to go public this year, generating significant investor interest [1] - The combined valuation of these companies is approximately $2.65 trillion, with IPO proceeds projected to reach $160 billion, quadrupling the average from the post-pandemic IPO drought [2] IPO Market Dynamics - NASDAQ is currently leading in the number of IPOs for 2026, with 23 more listings than the New York Stock Exchange [3] - The NASDAQ President highlighted the importance of attracting these companies to the exchange, emphasizing the potential for mega IPOs this year [4][6] - NASDAQ's unique value proposition includes access to the NASDAQ 100 index, which lists all trillion-dollar companies, making it attractive for large-cap IPOs [7] Company Valuations and Strategies - SpaceX is valued at approximately $800 billion, and there are discussions about its potential early inclusion in market benchmarks like the NASDAQ 100 [8][12] - The NASDAQ is considering rule changes that would allow for early entry into the NASDAQ 100 for newly public companies, potentially within 10 days of listing [14] Historical Context and Future Outlook - The IPO market is showing signs of recovery, with an increase in companies ready to go public, rising from 180 to 210 [18] - The overall market backdrop is solid, with favorable GDP growth and a healthy interest rate environment, suggesting that 2026 could surpass last year's IPO activity [19][20] International IPO Trends - There is a growing trend of large IPOs from European and Asian companies entering the US market, attracted by higher valuations and liquidity [21][22]

Group 1: Market Performance - As of February 10, 2026, the Shanghai Composite Index rose by 0.13% to close at 4128.37 points, while the Shenzhen Component Index increased by 0.02% to 14210.63 points. The ChiNext Index fell by 0.37% to 3320.54 points [1] - In the overnight U.S. market, the Dow Jones Industrial Average increased by 0.10%, while the Nasdaq Composite Index decreased by 0.59% and the S&P 500 Index fell by 0.33%. The Philadelphia Semiconductor Index dropped by 0.68% [1] Group 2: Company News - Semiconductor manufacturer SMIC (688981.SH) reported a revenue of 17.813 billion yuan for Q4 2025, representing a year-on-year growth of 11.9%. The net profit attributable to shareholders was 1.223 billion yuan, up 23.2% year-on-year. However, total profit decreased compared to the previous year due to rising financial costs and declining investment income [2] - Jiangbolong (301308) indicated during an institutional survey that only a few companies globally can develop UFS4.1 products at the chip level. Their self-developed UFS4.1 products outperform comparable market products in terms of process, read/write speed, and stability. UFS4.1 is a high-end consumer storage product and is the preferred storage configuration for Tier 1 flagship smart terminal models, indicating a broad market potential [2] Group 3: Industry Insights - Donghai Securities projected that the combined capital expenditure of the four major U.S. CSPs will exceed 670 billion dollars in 2026, marking a significant year-on-year increase of over 60%. The demand for computing power is expected to experience explosive growth driven by the ongoing penetration of AI into end-user applications and the evolution of AIAgent technology [3] - The Sci-Tech Innovation Semiconductor ETF (588170) tracks the Shanghai Stock Exchange's semiconductor materials and equipment theme index, focusing on hard-tech companies in semiconductor equipment (60%) and materials (25%). The semiconductor equipment and materials industry is crucial for domestic substitution, benefiting from the AI revolution and advancements in lithography technology [3]

Group 1: Market Performance - The Shanghai Composite Index rose by 0.13% to close at 4128.37 points, while the Shenzhen Component Index increased by 0.02% to 14210.63 points. The ChiNext Index fell by 0.37% to 3320.54 points [1] - In the overnight U.S. market, the Dow Jones Industrial Average increased by 0.10%, while the Nasdaq Composite Index decreased by 0.59% and the S&P 500 Index fell by 0.33% [1] Group 2: Company News - SMIC (688981.SH) reported a revenue of 17.813 billion yuan for Q4 2025, a year-on-year increase of 11.9%. The net profit attributable to shareholders was 1.223 billion yuan, up 23.2% year-on-year. The decrease in total profit compared to the previous year was mainly due to increased financial expenses and decreased investment income [2] - Jiangbolong stated that only a few companies globally, including itself, have the capability to develop UFS4.1 products at the chip level. The UFS4.1 product, which is a high-end consumer storage solution, is expected to have a broad market space and is already on the verge of mass shipment [2] Group 3: Industry Insights - Donghai Securities projected that the capital expenditure of the four major CSPs in the U.S. is expected to exceed 670 billion dollars in 2026, representing a year-on-year increase of over 60%. The demand for computing power is anticipated to grow explosively due to the ongoing penetration of AI into end-user applications [3] - The Sci-Tech Innovation Semiconductor ETF (588170) tracks the semiconductor materials and equipment theme index, focusing on companies in the semiconductor equipment (60%) and materials (25%) sectors. This industry is crucial for domestic substitution and is expected to benefit from the AI revolution and advancements in lithography technology [3]

当地时间2月10日（周二），美国股市三大股指收盘涨跌不一, 其中道琼斯工业指数收涨，收盘和盘中均再创历 史新高。 美股存储芯片概念股成为市场焦点之一，当天多只存储芯片概念股大跌，闪迪跌超7%。 当地时间2月10日（周二），美国股市三大股指收盘涨跌不一，其中道琼斯工业指数涨0.1%，报50188.14点，收 盘和盘中均创历史新高；标准普尔500指数跌0.33%，报6941.81点，该指数尾盘出现一波跳水；纳斯达克指数跌 0.59%，报23102.47点。 | 分时 多日 1分 5分 15分 30分 60分 日 周 月 更多 F9 不复权 超级量加 面线 工具 谷 》 | | | | | | 道琼斯工业平均 | | | --- | --- | --- | --- | --- | --- | --- | --- | | DJI.GI(删除断工业平均) 2025/10/03 收 46758.28 幅 0.51%(238.56) 开 46583.95 商 47049.64 低 46566.87 换 0.00% 振 | ಸಿಲ | | 50188.14 +52.27 +0.10% | | | | DJI | | MAS ...

Group 1: Technology Sector Performance - The technology sector showed signs of recovery, with a 1.5% increase, but remains down 2% over the last 10 days, indicating volatility in the market [1][2][3] - The semiconductor sector performed relatively well, with notable gains: Intel up 18%, ARM up 8%, and Western Digital up 18%, while AMD and Qualcomm saw declines of 14% and 10% respectively [2] - Software stocks faced significant losses, with major players like Microsoft down 12%, SAP and Oracle down 14%, and Atlassian down 34%, suggesting ongoing challenges in this segment [3][14] Group 2: Economic Indicators and Market Reactions - The dollar index showed a decline of 0.8%, indicating potential implications for commodities and stocks, with concerns about interest rates and fiscal sustainability [5][6][8] - Upcoming economic reports, including job market data and consumer inflation, are expected to create volatility, with a medium forecast of 70,000 job creations but a wide range of estimates from -10,000 to 135,000 [29][30] - The Federal Reserve is anticipated to maintain a cautious approach, with expectations of rate cuts later in the year, which could support equity markets [102][104] Group 3: Investment Opportunities in Women's Sports - Ariel Investments Project Level successfully completed a funding round of $250 million, emphasizing the growing commercial viability of women's sports [77] - The investment strategy focuses on building a sustainable ecosystem around women's sports, including teams and related businesses, to enhance profitability and player salaries [86][90] - The ongoing negotiations in women's sports leagues, such as the WNBA, reflect the increasing economic potential and recognition of player value, indicating a shift in the market dynamics [93][95] Group 4: Market Volatility and Technical Analysis - The S&P 500 bounced off the 100-day moving average, indicating a potential recovery, with a focus on breaking the 7,000-point milestone [98][100] - The tech sector's performance is crucial for the S&P's movement, as it has not reached new highs since October, largely due to weakness in software stocks [104][106] - Increased single stock volatility has led to a greater reliance on technical analysis, as price movements deviate from fundamentals, creating opportunities for traders [107][109]

Broadcom and 2 More Chip Stocks Poised for Upside, According to Technical Analysis - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Broadcom and 2 More Chip Stocks Poised for Upside, According to Technical AnalysisBy [Doug Busch]ShareResize- ...

Market Overview - As of February 6, 2026, the Shanghai Composite Index fell by 0.25% to close at 4065.58 points, the Shenzhen Component Index decreased by 0.33% to 13906.73 points, and the ChiNext Index dropped by 0.73% to 3236.46 points [1] - In the overnight U.S. market, the Dow Jones Industrial Average rose by 2.47%, the Nasdaq Composite increased by 2.18%, and the S&P 500 gained 1.97%. The Philadelphia Semiconductor Index surged by 5.70% [1] Semiconductor Industry Insights - The Semiconductor Industry Association (SIA) reported that total sales for the industry reached $791.7 billion in 2025, with an expected growth of 26% in 2026. The market is projected to reach the $1 trillion milestone faster than initially anticipated, which is a positive sign for the entire business sector [2] - Changfei Advanced announced the completion of over 1 billion yuan in Series A+ financing, led by Jiangcheng Fund and Changjiang Industrial Group. The funds will primarily be used for the technology layout of the silicon carbide power semiconductor industry chain, aiming to capture the global market in emerging fields [2] - China Shipbuilding Special Gas announced a projected total revenue of 2.26 billion yuan for 2025, reflecting a year-on-year growth of 15.88% (adjusted). The net profit attributable to the parent company is expected to be 347 million yuan, a 12.92% increase (adjusted) [2] Semiconductor Price Trends - Huafu Securities observed that semiconductor price increases are affecting various categories, including memory, wafer foundry, power, analog, MCU, and passive components. The main reasons identified include: 1) AI infrastructure demand exceeding industry expectations; 2) Storage capacity constraints impacting other categories; 3) Rising upstream metal prices increasing costs and creating demand for price adjustments [3] - The semiconductor price increase is expected to be sustainable, and related investment opportunities are recommended [3] - Relevant ETFs include the Sci-Tech Semiconductor ETF (588170), which tracks the Sci-Tech Board Semiconductor Materials and Equipment Index, focusing on semiconductor equipment (60%) and materials (25%). The semiconductor equipment and materials sectors are crucial for domestic substitution, benefiting from low domestic replacement rates and high ceilings for domestic substitution under the AI revolution [3]

Market Overview - As of February 6, 2026, the Shanghai Composite Index fell by 0.25% to close at 4065.58 points, the Shenzhen Component Index decreased by 0.33% to 13906.73 points, and the ChiNext Index dropped by 0.73% to 3236.46 points [1] - In the overnight U.S. market, the Dow Jones Industrial Average rose by 2.47%, the Nasdaq Composite increased by 2.18%, and the S&P 500 gained 1.97%. The Philadelphia Semiconductor Index surged by 5.70% [1] Semiconductor Industry Insights - The Semiconductor Industry Association (SIA) reported that total sales for the industry reached $791.7 billion in 2025, with an expected growth of 26% in 2026. The market is projected to reach the $1 trillion milestone faster than initially anticipated, which is a positive sign for the entire business sector [2] - Changfei Advanced announced the completion of over 1 billion yuan in Series A+ financing, led by Jiangcheng Fund and Changjiang Industrial Group. The funds will primarily be used for the technology layout of the silicon carbide power semiconductor industry chain, aiming to capture the global market in emerging fields [2] - China Shipbuilding Special Gas announced a projected total revenue of 2.26 billion yuan for 2025, reflecting a year-on-year growth of 15.88% (adjusted). The net profit attributable to the parent company is expected to be 347 million yuan, a 12.92% increase (adjusted). The growth is driven by advancements in artificial intelligence and increased demand for advanced chips and display panels [2] Semiconductor Price Trends - Huafu Securities observed that semiconductor price increases are affecting various categories, including memory, wafer foundry, power, analog, MCU, and passive components. The main reasons identified are: 1) AI infrastructure demand exceeding industry expectations; 2) Memory capacity constraints impacting other categories; 3) Rising upstream metal prices increasing costs and creating demand for price adjustments [3] - The firm remains optimistic about the sustainability of semiconductor price increases and suggests monitoring related investment opportunities [3] - Relevant ETFs include the Sci-Tech Semiconductor ETF (588170), which tracks the Sci-Tech Board Semiconductor Materials and Equipment Index, focusing on semiconductor equipment (60%) and materials (25%). The semiconductor equipment and materials sectors are crucial for domestic substitution, benefiting from low domestic replacement rates and high ceilings for domestic substitution under the AI revolution [3]

♪ ♪ >> THIS IS AN ENVIRONMENT OF WINNERS AND LOSERS. >> THE SUM TOTAL IN OUR MIND IS THAT PEOPLE ARE CAUTIOUS WITH REGARD TO TECHNOLOGY. >> THERE IS ANTICIPATION OF DISRUPTION. >> AI IS CREATING A MAJOR DISRUPTION.>> THE REAL ASSET BUBBLE IS STILL IN FRONT OF US. >> THIS IS "BLOOMBERG SURVEILLANCE" WITH JONATHAN FERRO, THESE, AND ANNMARIE HORDERN. >> "BLOOMBERG SURVEILLANCE" STARTS RIGHT NOW.ALPHABET TOPPING ESTIMATES AND ANNOUNCING A MONSTER YEAR OF CAPEX FOLLOWING A $1 TRILLION WIPED IN SOFTWARE STOCKS OV ...

ARM - ARM's shares are lower, but not as much as pre-market indications suggested, with adjusted EPS at 43 cents, beating the expected 41 cents [2] - Revenue was in line with expectations at approximately $1.24 billion, matching consensus [2] - Despite solid earnings, concerns arise from missed expectations in licensing revenue, which is crucial for future growth, particularly due to smartphone exposure [3][4] Estee Lauder - Estee Lauder's shares are under significant pressure, down 15%, despite better-than-expected adjusted EPS of 89 cents compared to the expected 83 cents [5][6] - Revenue was $4.229 billion, slightly above the expected $4.219 billion, but non-adjusted profit fell below expectations due to a major restructuring program [6][7] - Tariff pressures are expected to reduce profits by about $100 million, leading to anticipated contraction in operating margins [8] Tapestry - Tapestry, the parent company of Coach and Kate Spade, reported strong results with shares rallying 9% [10] - Adjusted earnings were $2.69 per share, with revenue at $2.5 billion, both better than expected [11] - Coach sales surged by 25%, driven by strong demand, while Kate Spade continues to struggle in recovery [12][13]