BBVA (BBVA) reported fourth-quarter net income of $2.95 billion, or 49 cents per share, up from non-recurring items. Adjusted earnings were 50 cents per share. Revenue for the quarter was $11.4 billion, with revenue net of interest expense also at $11.4 billion, below analyst expectations. For the year, the bank posted profit of $11.89 billion, or $1.99 per share, on revenue of $41.77 billion. BBVA shares rose 10% year-to-date, more than doubling from 12 months ago.

Renters are increasingly adopting 'rent now, pay later' platforms to manage monthly housing expenses, but rising fees are drawing regulatory and consumer scrutiny. As of December 2025, the segment accounted for about $12.5B in U.S. transactions, up from $7.8B in 2023, according to industry data. Concerns over interest rates exceeding 20% and hidden costs have prompted calls for clearer disclosure rules and potential federal oversight. Financial advisors warn that variable-rate plans can significantly increase total costs without clear boundaries.

Renters are increasingly adopting pay-now, pay-later (P2P) services as rising rent costs strain budgets. Flex (NASDAQ: FLEX), Livble (NASDAQ: LIVB), and Affirm (NASDAQ: AFFRM) reported higher adoption in Q4 2025, with Flex seeing a 35% year-over-year increase in users and Affirm reporting a 22% rise in new accounts. The shift reflects broader financial pressure and a growing preference for flexible, low-interest payment options.

ASE Technology Holding Co., Ltd. (ASX) reported fourth-quarter net income of $474.1 million, or 21 cents per share, with revenue of $5.73 billion. For the year, the company posted net income of $1.31 billion, or 57 cents per share, on revenue of $20.73 billion. ASX shares have gained 18% year-to-date and 92% over the past 12 months.

AP - NTT Inc. (NTTYY) reported net income of $2.15 billion, or 65 cents per share, and revenue of $23.68 billion for fiscal third quarter ended February 2, 2026.

Dow Jones Industrial Average (YM=F) futures opened 0.1% lower; S&P 500 (ES=F) futures near flat; Nasdaq 100 (NQ=F) futures up 0.2% on Thursday, Feb 5.

Alphabet (GOOG) shares fell over 1% after reporting plans to increase AI spending to $185 billion in 2026, supporting broader tech resilience for Nvidia (NVDA) and Broadcom (AVGO).

Qualcomm (QCOM) shares dropped nearly 9% following a softer-than-expected forecast amid global memory shortages. Software peers faced pressure as concerns over AI-driven disruption grew.

Crypto markets extended a 13% five-day decline to about $73,000 for BTC-USD after Treasury Secretary Scott Bessent stated the government will not bail out bitcoin.

Key focus remains on Amazon (AMZN) earnings and morning weekly jobless claims for labor market insight.

Intel announced at NEPCON 2026 (February 5, 2026) a 78mm×77mm thick-core glass substrate integrating embedded multi-chip interconnect bridges (EMIB), advancing packaging to a glass-based era. The 20-layer stack supports a "10-2-10" vertical routing, enabling next-generation AI accelerators with 45-micron bump pitches and dual EMIB validation for multi-chip syneresis.

Traditional organic substrates deform under high temperatures, causing interconnect failures as die sizes approach photolithography limits. The glass core, with a thermal expansion coefficient similar to silicon and a 0.8mm thickness, provides high rigidity and zero microcracks via the No SeWaRe process, supporting high-density I/O and billion-transistor AI packaging while addressing AI算力 demands.

Fujifilm (6010-5.8 JPY) reported in its December 2024 to January 2025 fiscal-year results that nine-month revenue rose 12% year-over-year to ¥1.467 trillion, and net income climbed 24% to ¥22.3 billion. The improvement followed a strategic pivot toward digital imaging, biopharma, and healthcare solutions, with strong sales in imaging systems and medical devices contributing to the rebound. The company attributed the gains to higher demand for imaging equipment and improved pricing discipline.

The "Software-mageddon" continues as investors debate timing to add value to beaten-down tech names amid heightened AI disruption concerns and disappointing earnings. The S&P 500 Software & Services Index fell 13% in one week through February 5, 2026, losing over $800B in market cap, while the broader index declined little. The index is down about 25% from its October 2025 peak, with Intuit, ServiceNow, Salesforce, Microsoft, and Thomson Reuters leading declines.

The selloff follows Alphabet’s new Claude LLM and disappointing Microsoft results, and reflects a rotation away from tech to value and quality in consumer staples, energy, and industrials. While some managers are buying at the margin in ServiceNow, Monday.com, and Microsoft, most remain cautious awaiting AI revenue catalysts and stronger valuations.

Technical indicators suggest the software group is near a near-term bottom, but opinions分歧 on whether current levels reflect value or risk of further selling.

Renesas Electronics (RIF) reported a loss of 1.4 billion yen for fiscal 2025, ending a year of weak global sales and pricing pressure, compared to a profit of 4.3 billion yen in fiscal 2024. The decline reflects softer demand in automotive and industrial sectors, key drivers of its revenue.

The company revised full-year guidance down to 1.2%–1.5% growth in annualized sales, down from 2.5%–3.0% previously, citing continued weakness in server and automotive semiconductors. However, it issued an upbeat Q1 outlook, forecasting 12%–14% growth in annualized sales, citing strong demand in automotive and industrial applications.

RIF shares closed at ¥2,150, up 1.8% on the Tokyo Stock Exchange, reflecting cautious optimism ahead of the revised guidance.

Hanwha Vision (KH: 13,950) reported Q4 net profit up 12% to 24.5 billion won ($21.6 million) on higher sales, driven by strong demand in its optical and medical imaging segments. Revenue rose 18% to 31.2 billion won ($27.5 million) compared to the prior-year period. The stock closed 2.3% lower at 13,950, reflecting mixed investor sentiment on the sustainability of the earnings growth and upcoming guidance.

Supporting context: The company attributed the profit increase to higher prices and improved operational efficiency. Management raised 2026 guidance, forecasting revenue growth of 15% to 20% and profit growth of 10% to 15% year-over-year, based on stronger-than-expected demand in Asia-Pacific and North America.

February 5, 2026 – The Winter Olympics in Italy will award the most expensive medals in Games history, as gold and silver prices have risen 107% and 200% since the Paris 2024 Olympics, per FactSet. Based on current spot prices, gold medals are worth about $2,300 (double their 2024 value), silver around $1,400 (three times), and bronze roughly $5.60. The surge follows central bank purchases and geopolitical uncertainty. Olympic medals use alloys: gold medals contain about 6g of pure gold in 506g; bronze is copper. Collectible values have soared—Baldwin’s sold a 1912 gold medal for £19,000 and a 1920 bronze for £640. Analyst Ole Hansen at Saxo Bank notes continued demand for gold and silver likely to drive prices higher through 2028.

NVDA-US is advancing its Rubin platform to full production while preparing the next-generation Rubin Ultra, expected to achieve tape-out in Q2 2026. The shift moves beyond 3nm ABF packaging to CoWoP, with Fanout-on-Substrate (fos) capabilities to be fully implemented in Q1 2026 at TSMC's Taichung facility, exclusively handling CoWoP trials.

Key partners include TSMC (TSM), Chi Mei (4958-TW), and Xiamen Newstar (3037-TW), among others, expected to sample by Q1 2026. The Rubin Ultra, codenamed GR152, will support up to 576 GPUs via an expanded NVLink architecture to better match compute and interconnect needs for next-gen AI inference.

PCB innovations, including SLP and mSAP on dual 7-layer HDI stacks with copper paste lamination, aim to close precision gaps and manage the signal integrity challenges brought by the increased pin count. TSMC is also adding a new oP process with solder spray to improve warpage and interconnect reliability, favoring solutions from Hynix (7751-TW) and possibly Wanheng (6187-TW).

If successful, CoWoP adoption could become a standard packaging path for future AI chips beyond this generation.

Lantronix Inc. (NASDAQ:LAN) released Q2 2026 results showing revenue of $32.5 million, a 12% increase from $29.0 million in Q2 2025. Non-GAAP diluted loss per share was $0.03 versus a loss of $0.05 in the same period, reflecting higher gross margins and cost optimization. The company shipped 13,800 IoT-connected devices, up 8% year-over-year, driven by strong demand in industrial automation and remote monitoring. Management attributed the results to expanded cloud connectivity solutions and continued adoption of energy-efficient networking hardware.

Misto (MSTO) released its financial results for the fiscal year ending December 31, 2025, showing revenue of $148.3 million, up 21% year-over-year, and net income of $24.5 million, a 37% increase from $18.6 million in FY2024. The company attributed the growth to strong demand in its SaaS platform and expanded international sales. The stock closed at $15.42 on February 5, 2026, up 12% from the prior trading day, following the earnings announcement. CEO John Martinez stated the results validate the company's strategic shift toward cloud-based solutions and international expansion.

Mitsui Chemicals (6716.T) reported a 23.4% year-over-year decline in nine-month net profit to ¥2.42 billion (USD 21.6 million), citing weak sales and pricing pressure. The company revised down its FY25 profit outlook to ¥10.5 billion from ¥12.5 billion, citing continued demand weakness in North America and Asia. Shares fell 3.8% in Tokyo trading on the announcement, reflecting earnings disappointment and reduced growth expectations.

PC makers HP, Dell, Acer, and Asus are evaluating memory chip sourcing from Chinese suppliers amid a global shortage threatening launches and driving up costs. Reuters could not verify the Nikkei Asia report, but sources indicate HP is qualifying ChangXin Memory Technologies (CXMT) to diversify supply, planning to monitor conditions through mid-2026 and potentially source CXMT for non-U.S. markets if DRAM remains tight and prices rise. Dell is also qualifying CXMT’s DRAM, Acer is open to using Chinese memory if contract suppliers buy, and Asus is encouraging its Chinese manufacturing partners to help source memory for notebook projects.

Bitcoin fell into the mid-$70,000s on light, fleeting bounces as on-chain indicators flash bearish signals. The CryptoQuant Bull Score stands at 0, and Glassnode shows thin buyer base, weak spot volumes, and a demand vacuum. U.S. spot ETFs shifted from net accumulation to selling, while the Coinbase premium remains negative, and USDT expansion stalled. Prices lie below the 365-day moving average with support in the $70,000–$60,000 range. Prediction markets point to no policy change at the Federal Open Markets Committee’s April meeting, tempering near-term liquidity relief amid uncertainty over Fed independence.

Ether hovered just above the low $2,000s as broader risk sentiment softened and major exchange flows remained muted. Gold rebounded toward the $5,000–$5,100 range on safe-haven buying after U.S.–Iran tensions flared, offset by softer private payroll data and reassessments of the Fed outlook. Japan’s Nikkei 225 edged down by roughly 0.3% as tech and chip stocks tracked Wall Street’s sell-off, though broader Japanese equities showed resilience.

Alphabet Inc (GOOGL) plans to spend $175–$185 billion on capital expenditures in 2026, roughly double its $91.4B 2025 level and a 2.5x increase from 2024, with Q4 capex hitting $27.9B. About 60% of the spend will go to servers, 40% to data centers and networking. The company emphasized maintaining compute capacity to outpace competition and meet AI-driven demand, noting supply, power, and land constraints remain significant.

CEO Sundar Pichai said the cloud services backlog rose 55% QoQ to $240B and annual revenues surpassed $400B for the first time, with net income up 15% to $132.2B. Shares fell more than 6% after-hours, then gained over 2% during the earnings call before recovering slightly to -0.4% by close. The AI investment is expected to drive higher engagement on Google services and growth in Google Cloud, with AI search use rising and business spending on Cloud products up 14% year-over-year.

Golub Capital BDC, Inc. (NASDAQ: PBX) reported a net loss of $14.2 million for Q1 2026, compared to a net loss of $8.1 million in the same period of 2025, missing analyst estimates of a $9.5 million loss. The decline followed a 10% reduction in total assets and a 22% drop in net interest income, driven by lower interest rates and credit losses. Management attributed the results to economic weakness and tighter lending conditions, with no guidance provided for 2026.