U.S. stock futures are presenting a mixed picture this Wednesday, February 4th, 2026, as investors digest a fresh batch of economic data and continue to grapple with the fallout from yesterday's tech-led sell-off. While Dow Jones Industrial Average futures and S&P 500 futures show modest gains, Nasdaq 100 futures are pointing lower, indicating a persistent cautious sentiment towards growth-oriented technology stocks. This premarket activity sets the stage for what could be another volatile trading session, ...

Feb 4 (Reuters) - Advanced Micro Devices shares sank 13% on Wednesday after the company's lackluster sales forecast deepened investor doubts about its ability to take on AI chip ​bellwether Nvidia. AMD predicted its revenue would fall slightly in the current quarter, even as ‌a resumption of China sales gives an unexpected boost, showing its struggle to penetrate the booming market where Nvidia is ‌aggressively defending its position. Growing use of custom AI chips by tech giants, and Google's deal to ...

US stock futures hit the buffers on Wednesday as AI disruption fears continued to fuel a shift out of high-flying technology names, with gold and silver once again marching higher. Contracts on the tech-heavy Nasdaq 100 futures (NQ=F) slipped 0.2%, while those on the S&P 500 (ES=F) traded broadly flat. But Dow Jones Industrial Average futures (YM=F) nudged 0.1% higher as investors continued to rotate out of growth into value stocks. Tech stocks bore the brunt of the selling on Tuesday, with Nvidia (NVDA ...

Market Overview - US stock futures showed a slight increase, with Dow Jones Industrial Average and S&P 500 futures both up approximately 0.3% and Nasdaq 100 futures rising by 0.2% as investors anticipated a funding deal to end the partial US government shutdown [1] Technology Sector Performance - The technology sector experienced significant selling pressure, with Nvidia and Microsoft each declining over 2%. Other AI-related companies such as Broadcom, Oracle, and Micron also saw losses, contributing to an overall decline of more than 2% in the S&P 500 tech sector [2] Company-Specific Developments - Chipotle's stock fell nearly 7% after reporting a decline in customer traffic and warning of potential stagnation in same-store sales growth by 2026 [3] - Advanced Micro Devices' shares dropped over 7% following a negative reaction to its first-quarter outlook [3] - Super Micro Computers' stock surged 11% after raising its annual revenue forecast, driven by strong demand for AI servers [4] - Enphase Energy's stock soared 20% in premarket trading after exceeding analysts' profit and revenue estimates, although it remains down nearly 42% for the year [6] - Chipotle's stock further declined by 5% in premarket trading after reporting a 2.5% drop in same-store sales for Q4 and projecting no sales growth for 2026 [7]

Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Celestica Inc. regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1] - On January 22, 2026, news from Digitimes indicated that Alphabet Inc.'s Google may shift assembly work for its tensor processing units to other suppliers, which could reduce Celestica's role in assembling Google's AI servers [3] - Following the news about Google's potential shift, Celestica's stock price dropped by $18.83 per share, or 6.08%, closing at $290.92 per share on January 22, 2026 [3]

Core Insights - AGM Group Holdings Inc. has successfully completed strategic financing initiatives, including an up-to $25 million equity line of credit and multiple convertible note issuances, marking its entry into a high-growth phase driven by AI and core hardware [1][2] - The company aims to utilize the newly acquired funds for deep R&D into next-generation AI ASIC chips to address the growing demand for AI computing power [2][3] R&D Focus - The funding will support the optimization of ASIC chips specifically designed to enhance AI training and storage efficiency, addressing I/O bottlenecks in large-scale AI model training [3] - The company is committed to developing high-performance AI chips and servers to build a robust global AI supply chain [1][4] Supply Chain Strategy - AGM's supply chain strategy is based on "vertical integration + global collaboration," which is seen as a critical factor for survival in the increasingly complex global trade environment [4] - The company is strengthening its control over core components and reducing reliance on third-party generic parts through self-reliant manufacturing capabilities [7] Market Positioning - The company expresses confidence that its financing moves are strategic choices aimed at securing its position in the AI sector, transforming capital into tangible R&D outcomes and market share [5] - AGM is working closely with global technology partners to co-develop decentralized computing networks, ensuring the global allocation of AI computing resources [7]

Core Insights - Super Micro Computer (SMCI) is expected to report its second-quarter fiscal 2026 results on February 3, 2026, with a focus on its server and storage business driven by AI server demand and NVIDIA GPU platforms [1] Group 1: AI Infrastructure Demand - SMCI has increased its internal power capacity to 52 megawatts and aims to scale up its rack capacity to 6,000 racks per month, including 3,000 direct liquid cooling racks, to meet rising demand for AI and high-performance computing [2] - The company is projected to benefit from the growing demand for its NVIDIA-based chip integrated rack scale compute architecture for large-scale AI training and enterprise AI applications [3] Group 2: Server Business Recovery - SMCI's server and storage revenues grew by 50.2% year over year in fiscal 2025, but faced a slowdown in the first quarter of fiscal 2026 due to shipping delays and competitive pricing strategies [4] - The decline in server business is expected to be non-recurring, with a return to normalcy anticipated in the second quarter of fiscal 2026, supported by revenue shifts from earlier delays [5] Group 3: Revenue Projections and Market Expansion - The company projects revenues of $36 billion in fiscal 2026, indicating a significant 64% year-over-year growth [6] - SMCI is entering the client, edge, and consumer markets, leveraging its expertise in AI-optimized servers and energy-efficient designs to provide compact solutions for various applications [7] Group 4: Inventory and Operational Challenges - Rapid expansion has led to inventory accumulation, with first-quarter fiscal 2026 closing inventory rising to $5.7 billion from $4.7 billion, increasing the cash conversion cycle from 96 days to 123 days [8] - The company faces challenges related to customer concentration and higher receivables from mega deals, resulting in a negative free cash flow of $950 million for the first quarter of fiscal 2026 [10]

The data-center gold rush is speeding up, not settling down. AI servers are fast becoming the spine of the modern internet — and Nvidia Corp (NASDAQ:NVDA) is setting the tempo while hyperscalers scramble to keep up. Broadcom Inc (NASDAQ:AVGO) and Advanced Micro Devices Inc (NASDAQ:AMD) aren't in the driver's seat, but they're very much part of the convoy.As I/O Fund’s CEO and Chief Investment Strategist Beth Kindig puts it, Nvidia's GB300 is emerging as the "main driver" of the next phase of AI infrastructu ...

Core Insights - SuperX AI Technology Limited has officially commenced production at its newly established SuperX Global Supply Center in Tsu City, Japan, marking a significant transition to scaled commercial production [1][2] - The facility is designed to leverage Japan's engineering excellence and is expected to serve SuperX's global customer base effectively [2][4] Strategic Rationale & Operational Focus - The Japan supply center aims to integrate local industrial capabilities with SuperX's technical expertise, focusing on immediate commercial execution and customer support [2][3] - In January 2026, SuperX secured customer purchase orders valued at approximately USD 910 million and entered into MOUs for 5,000 AI server units, potentially worth up to USD 2.1 billion [2] Globalized Support Services - SuperX is implementing a standardized technical service system, including 24/7 global support from a center in Singapore, to enhance customer service during AI server deployment and post-sales [3] - The company combines a global technical team with a local spare-parts network in Japan to provide customizable project implementation and maintenance options [3] Production Capacity & Quality Assurance - The Japan facility is capable of producing up to 20,000 AI servers annually, with plans for future expansion to meet global demand [5] - The center will adhere to Japan's rigorous execution standards to ensure high reliability for its high-performance AI servers [5]

Core Insights - Super Micro Computer (Supermicro) has experienced significant growth due to rising demand for data center servers driven by the AI trend, generating over $21 billion in sales over the past four quarters, compared to less than $6 billion a few years ago [1] - The company is expected to continue growing as spending on AI hardware remains strong, with a current market cap below $20 billion, making it an attractive option for AI investors [2] - However, Supermicro's gross profit margin is projected to be around 7.5% this year, down from more than 15% in 2022, which poses a challenge for profitability [4][5] Financial Metrics - Nearly 93% of Supermicro's revenues are allocated to cover the cost of goods sold, leaving little for overhead and operating expenses, indicating a need for high sales volume to achieve meaningful profitability [5] - The low gross margin suggests that even with significant top-line growth, the bottom line may not improve substantially [6] - Supermicro's forward price-to-earnings multiple is less than 17, which may appear attractive, but this is contingent on estimated profits and could rise if AI server spending slows or if margins do not improve [7]