FEB 07, 2026盘前交易 04:00 - 09:30
ET 07:01

AT&T (T) to Launch AmiGO Jr. Kids Phone February 15, 2026

AT&T (T) will launch the AmiGO Jr. kids phone on February 15, 2026, as part of its broader family of connected devices. The device features built-in safety tools, including GPS tracking, emergency buttons, and usage time limits. The move is designed to strengthen its position in the growing connected child market, with the company reporting a 12% year-over-year increase in shipments of its child safety devices in the fourth quarter of 2025.

AT&T (T) will launch the AmiGO Jr. kids phone on February 15, 2026, as part of its broader family of connected devices. The device features built-in safety tools, including GPS tracking, emergency buttons, and usage time limits. The move is designed to strengthen its position in the growing connected child market, with the company reporting a 12% year-over-year increase in shipments of its child safety devices in the fourth quarter of 2025.

ET 07:01
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Earnings

MarketAxess (MKTX) Reports Q4 Profit Increase

MarketAxess Holdings Inc. (MKTX) reported a 12% year-over-year increase in fourth-quarter net income to $14.3 million, driven by higher trading volumes and fee revenue. The company attributed the improvement to strong execution in its derivatives and institutional trading divisions. Revenue for the quarter rose 11% to $78.5 million. The earnings beat consensus estimates of $12.5 million, reflecting improved client activity and operational efficiency.

MarketAxess Holdings Inc. (MKTX) reported a 12% year-over-year increase in fourth-quarter net income to $14.3 million, driven by higher trading volumes and fee revenue. The company attributed the improvement to strong execution in its derivatives and institutional trading divisions. Revenue for the quarter rose 11% to $78.5 million. The earnings beat consensus estimates of $12.5 million, reflecting improved client activity and operational efficiency.

ET 07:01
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Earnings

Graham Corp Reports Q3 Revenue Up 8%, EPS Up 6% (GRAH)

Q3 revenue at Graham Corp (GRAH) rose 8% to $1.2B, driven by strong demand in its industrial and healthcare segments. Non-GAAP earnings per share increased 6% to $1.12, outperforming analyst expectations of $1.05. The company attributed the results to operational efficiency gains and higher pricing in key markets. The quarter ended December 31, 2025, and the improvement follows a 4% revenue decline in Q2. Management plans to reinvest surpluses into automation and R&D to sustain momentum.

Q3 revenue at Graham Corp (GRAH) rose 8% to $1.2B, driven by strong demand in its industrial and healthcare segments. Non-GAAP earnings per share increased 6% to $1.12, outperforming analyst expectations of $1.05. The company attributed the results to operational efficiency gains and higher pricing in key markets. The quarter ended December 31, 2025, and the improvement follows a 4% revenue decline in Q2. Management plans to reinvest surpluses into automation and R&D to sustain momentum.

ET 07:01
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Earnings

Biogen (BMY) Q4 Results Exceed Estimates, Hopes FY26 Adj. EPS Above Outlook

Biogen (BMY) reported fourth-quarter revenue of $3.28 billion, up 13% year-over-year, surpassing estimates of $3.20 billion. Adjusted EPS for the quarter was $1.43, exceeding the average analyst forecast of $1.39. The company attributed the strong performance to higher sales of its Alzheimer’s drug Aduhelm and improved pricing. For 2026, Biogen guided to adjusted EPS of $3.50 per share, above the average estimate of $3.45, reflecting positive guidance across key therapeutic areas and a favorable pricing environment.

Biogen (BMY) reported fourth-quarter revenue of $3.28 billion, up 13% year-over-year, surpassing estimates of $3.20 billion. Adjusted EPS for the quarter was $1.43, exceeding the average analyst forecast of $1.39. The company attributed the strong performance to higher sales of its Alzheimer’s drug Aduhelm and improved pricing. For 2026, Biogen guided to adjusted EPS of $3.50 per share, above the average estimate of $3.45, reflecting positive guidance across key therapeutic areas and a favorable pricing environment.

ET 07:01
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Earnings

Newell Brands Reports Wider Net Loss; Issues Q1 and FY26 Guidance; Shares Drop Pre-Market

NEWELL (NYSE: NWL) reported a wider net loss in December 2025 as the holiday season underperformed, with a loss of $129.6 million or 3.9 cents per share, compared to $110.4 million or 3.2 cents per share in December 2024. The company provided cautious guidance: Q1 2026 revenue of $2.15 billion ±150 million and EPS of -$0.03 to -$0.04. Full-year 2026 revenue guidance is $8.6 billion ±150 million and EPS of -$0.25 to -$0.30. The stock fell 7.8% in pre-market trading on February 7, 2026, reflecting softer-than-expected holiday results and revised outlooks.

NEWELL (NYSE: NWL) reported a wider net loss in December 2025 as the holiday season underperformed, with a loss of $129.6 million or 3.9 cents per share, compared to $110.4 million or 3.2 cents per share in December 2024. The company provided cautious guidance: Q1 2026 revenue of $2.15 billion ±150 million and EPS of -$0.03 to -$0.04. Full-year 2026 revenue guidance is $8.6 billion ±150 million and EPS of -$0.25 to -$0.30. The stock fell 7.8% in pre-market trading on February 7, 2026, reflecting softer-than-expected holiday results and revised outlooks.

ET 07:01
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Earnings

Graham Raises FY26 Revenue Guidance: GRAM +1.5% Post-Announce

CEO James Graham of Graham Corp (NASDAQ: GRAM) updated the company's fiscal 2026 revenue guidance today,上调 10% to $1.2B from $1.09B, citing stronger-than-expected demand in North America and improved supply chain efficiencies. The revision follows a 3% year-over-year rise in Q4 revenue and reflects revised macroeconomic assumptions and higher-than-expected pricing power. Shares of Graham Corp rose 1.5% in after-hours trading following the announcement.

CEO James Graham of Graham Corp (NASDAQ: GRAM) updated the company's fiscal 2026 revenue guidance today,上调 10% to $1.2B from $1.09B, citing stronger-than-expected demand in North America and improved supply chain efficiencies. The revision follows a 3% year-over-year rise in Q4 revenue and reflects revised macroeconomic assumptions and higher-than-expected pricing power. Shares of Graham Corp rose 1.5% in after-hours trading following the announcement.

ET 07:01
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Earnings

Mawson Infrastructure (MWT) Forecasts Wider Q4 Net Losses; Shares Drop 11% Pre-Market

Mawson Infrastructure (MWT) expects a wider net loss for the fourth quarter of 2025, citing softer demand and lower project activity, according to a statement released February 7, 2026. The pre-market drop follows the announcement, with the stock down 11% as of 12:15 PM EST. The company projects a loss before extraordinary items of between AUD200 million and AUD250 million, wider than the previously estimated AUD150 million to AUD200 million. Revenue is forecast to decline year-over-year, reflecting continued weakness in infrastructure spending in Australia and Asia-Pacific.

Mawson Infrastructure (MWT) expects a wider net loss for the fourth quarter of 2025, citing softer demand and lower project activity, according to a statement released February 7, 2026. The pre-market drop follows the announcement, with the stock down 11% as of 12:15 PM EST. The company projects a loss before extraordinary items of between AUD200 million and AUD250 million, wider than the previously estimated AUD150 million to AUD200 million. Revenue is forecast to decline year-over-year, reflecting continued weakness in infrastructure spending in Australia and Asia-Pacific.

ET 07:01

Molina Healthcare (MOH) Q4 2025 Earnings Call at 8:00 AM ET on February 12, 2026

Molina Healthcare (MOH) will host a quarterly earnings conference call at 8:00 AM Eastern Time on February 12, 2026, to discuss Q4 2025 results. The company is scheduled to report fourth-quarter revenue and earnings per share, with guidance for 2025, ahead of the market open. Investors should expect updates on managed care performance, pharmacy benefit management, and enrollment trends. The call will be webcast live and a recording will be available on the company’s investor relations website.

Molina Healthcare (MOH) will host a quarterly earnings conference call at 8:00 AM Eastern Time on February 12, 2026, to discuss Q4 2025 results. The company is scheduled to report fourth-quarter revenue and earnings per share, with guidance for 2025, ahead of the market open. Investors should expect updates on managed care performance, pharmacy benefit management, and enrollment trends. The call will be webcast live and a recording will be available on the company’s investor relations website.

ET 06:33
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Narrative

Micro1 (MICO) Founder Ali Ansari Achieves AI Billionaire Status with $200M Revenue Surge

Micro1 (MICO), the AI-human collaboration platform co-founded by Ali Ansari, reported annualized revenue of $200 million in 2025, up from $4 million in 2024. The Palo Alto-based company, valued at $2.5 billion, supplies expert human input to train and refine AI models, operating alongside peers Scale AI, Surge, and Mercor. Ansari, who began his entrepreneurial journey reselling shoes and textbooks in his teens, is on track to become one of the youngest AI billionaires. Micro1’s global contractor workforce of thousands, now expanded into robotics, aims to grow the human training data market to $1 trillion as AI adoption accelerates.

Micro1 (MICO), the AI-human collaboration platform co-founded by Ali Ansari, reported annualized revenue of $200 million in 2025, up from $4 million in 2024. The Palo Alto-based company, valued at $2.5 billion, supplies expert human input to train and refine AI models, operating alongside peers Scale AI, Surge, and Mercor. Ansari, who began his entrepreneurial journey reselling shoes and textbooks in his teens, is on track to become one of the youngest AI billionaires. Micro1’s global contractor workforce of thousands, now expanded into robotics, aims to grow the human training data market to $1 trillion as AI adoption accelerates.

ET 06:12

Gold and Bitcoin Volatility Outpace Stocks; Central Bank Gold Forecast to $6,300 by Year-End

Gold and bitcoin experienced volatile swings this week, down 20% and 7% respectively, while the S&P 500 (^GSPC) fell 2.6% on Monday and recovered on Friday. Gold prices remain up for the week near $4,990 and are up 14% this year, with JPMorgan forecasting prices to reach $6,300 by December 31, 2026, reflecting central bank and investor demand. Analysts attribute the surge to geopolitical uncertainty, fiat currency weakness, and a flight to safe-haven assets. The rapid price movement has made charts resemble those of equities, prompting both short-term traders and long-term holders to adjust strategies. Bitcoin tumbled to $61,000 on Thursday and is down about 44% from its October peak, contrasting with a more stable dollar. Overall, the week underscores the importance of diversification in volatile markets.

Gold and bitcoin experienced volatile swings this week, down 20% and 7% respectively, while the S&P 500 (^GSPC) fell 2.6% on Monday and recovered on Friday. Gold prices remain up for the week near $4,990 and are up 14% this year, with JPMorgan forecasting prices to reach $6,300 by December 31, 2026, reflecting central bank and investor demand. Analysts attribute the surge to geopolitical uncertainty, fiat currency weakness, and a flight to safe-haven assets. The rapid price movement has made charts resemble those of equities, prompting both short-term traders and long-term holders to adjust strategies. Bitcoin tumbled to $61,000 on Thursday and is down about 44% from its October peak, contrasting with a more stable dollar. Overall, the week underscores the importance of diversification in volatile markets.

ET 06:12
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Macro

Anthropic Airs Super Bowl Ad to Out-Advertise OpenAI's ChatGPT Ads

Feb 7, 2026 - Anthropic is airing a 30-second Super Bowl LX ad on NBC during Sunday's NFL championship to counter OpenAI's planned ChatGPT ad sales. The spot, expected to air on NBC, features a parody of AI advice and ends with a veiled jab: "Ads are coming to AI. But not to Claude." OpenAI CEO Sam Altman labeled the ad "deceptive" and warned users would rightly stop using a chatbot if it acted that way. The estimated 120 million viewership comes as both companies vie for market share and investor attention, with Anthropic's Claude debuting in the Super Bowl for the first time and OpenAI promoting its Codex coding tool.

Feb 7, 2026 - Anthropic is airing a 30-second Super Bowl LX ad on NBC during Sunday's NFL championship to counter OpenAI's planned ChatGPT ad sales. The spot, expected to air on NBC, features a parody of AI advice and ends with a veiled jab: "Ads are coming to AI. But not to Claude." OpenAI CEO Sam Altman labeled the ad "deceptive" and warned users would rightly stop using a chatbot if it acted that way. The estimated 120 million viewership comes as both companies vie for market share and investor attention, with Anthropic's Claude debuting in the Super Bowl for the first time and OpenAI promoting its Codex coding tool.

ET 05:54
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Macro

Canada Eyes Joint EV Assembly with Chinese Automakers to Diversify Global Supply Chain

Canadian Industrial Minister Melanie Joly announced on February 6, 2026, that the government is actively pursuing joint ventures with Chinese automakers to establish electric vehicle manufacturing and assembly facilities in Canada, with products exported globally.
According to The United Daily, Magna International, Linamar, and Martinrea International are among the Canadian automotive component leaders likely to participate in the new合资 plants. The shift aims to reduce reliance on the U.S. market and strengthen a more resilient domestic auto industry.
Previously, Canada expressed concerns over unfair subsidies and security issues related to Chinese auto technology. Joly said the government will address software security concerns, adhere to Canadian labor and safety standards, and leverage local supply chains. The government is engaging actively with Chinese automakers, including BYD (002594-CN) and Chery (09973-HK), on new investments.
Despite higher labor costs in Canada, Joly noted that co-development and scale can maintain global competitiveness, citing Honda’s affordable Civic produced in Ontario as an example. As part of broader trade normalization, China began lifting tariffs on Canadian agricultural products in January 2026, while Canada agreed to allow up to 49,000 Chinese-made electric vehicles annually and apply a 6.1% most-favored-nation tariff.

Canadian Industrial Minister Melanie Joly announced on February 6, 2026, that the government is actively pursuing joint ventures with Chinese automakers to establish electric vehicle manufacturing and assembly facilities in Canada, with products exported globally.

According to The United Daily, Magna International, Linamar, and Martinrea International are among the Canadian automotive component leaders likely to participate in the new合资 plants. The shift aims to reduce reliance on the U.S. market and strengthen a more resilient domestic auto industry.

Previously, Canada expressed concerns over unfair subsidies and security issues related to Chinese auto technology. Joly said the government will address software security concerns, adhere to Canadian labor and safety standards, and leverage local supply chains. The government is engaging actively with Chinese automakers, including BYD (002594-CN) and Chery (09973-HK), on new investments.

Despite higher labor costs in Canada, Joly noted that co-development and scale can maintain global competitiveness, citing Honda’s affordable Civic produced in Ontario as an example. As part of broader trade normalization, China began lifting tariffs on Canadian agricultural products in January 2026, while Canada agreed to allow up to 49,000 Chinese-made electric vehicles annually and apply a 6.1% most-favored-nation tariff.

ET 05:45

GLP-1 Drug Surge Drives 5-10% Drop in UK Potato Demand, Pushing Growers to Cut Crisp Orders

Potato demand in the UK has declined 510% year-over-year as GLP-1 weight-loss injections, now used by about 2.5 million people, drive reduced consumption of salty and starchy foods. Sales of fresh potatoes fell 2.1% in volume, with frozen chips and crisping potatoes hit hardest, as consumers shift toward “side of plate” and “nutrient-dense” options perceived as healthier. Supermarkets and restaurants are adapting menus to cater to the trend, including Marks & Spencer’s nutrient-dense range and Morrisons’ GLP-1-friendly ready meals. Worldpanel data shows consumers on weight-loss drugs eating 46% less salty snacks, 49% less sweet snacks, 71% less beer, wine and spirits, and 45% less tobacco. RS Cockerill and other growers report 57% overall weaker demand and as much as 10% less crisp potato required. The sector also faces a bumper harvest-driven glut, with Maris Piper potatoes selling at about £180 per tonne—half their 2024 price—amid a broader health-conscious shift and smaller portion sizes in fish and chip shops.

Potato demand in the UK has declined 510% year-over-year as GLP-1 weight-loss injections, now used by about 2.5 million people, drive reduced consumption of salty and starchy foods. Sales of fresh potatoes fell 2.1% in volume, with frozen chips and crisping potatoes hit hardest, as consumers shift toward “side of plate” and “nutrient-dense” options perceived as healthier. Supermarkets and restaurants are adapting menus to cater to the trend, including Marks & Spencer’s nutrient-dense range and Morrisons’ GLP-1-friendly ready meals. Worldpanel data shows consumers on weight-loss drugs eating 46% less salty snacks, 49% less sweet snacks, 71% less beer, wine and spirits, and 45% less tobacco. RS Cockerill and other growers report 57% overall weaker demand and as much as 10% less crisp potato required. The sector also faces a bumper harvest-driven glut, with Maris Piper potatoes selling at about £180 per tonne—half their 2024 price—amid a broader health-conscious shift and smaller portion sizes in fish and chip shops.

ET 05:45
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Narrative

Costco CEO Faces Unlikely Rise Amid DEI Stance and Tariff Lawsuit (COST)

Costco’s CEO, Ron Vachris, an operations veteran who rose from forklift driver to president of real estate and now CEO, has steered the warehouse club to take bold, public stands contrary to President Trump’s agenda. In 2024, the company doubled down on diversity and inclusion despite an executive order to scale back DEI programs, and more than 98% of shareholders voted against a conservative proposal to reassess diversity initiatives.
Costco remains committed to DEI, citing creativity and customer value as business benefits. It sued the Trump administration over tariffs, seeking refunds, and has raised prices selectively to offset costs, joining a lawsuit with major suppliers and retailers. Costco’s measured approach, strong customer and employee retention (over 90% renew annual memberships; low turnover), and bipartisan reputation have shielded it from backlash amid a broader industry retreat from DEI policies.

Costco’s CEO, Ron Vachris, an operations veteran who rose from forklift driver to president of real estate and now CEO, has steered the warehouse club to take bold, public stands contrary to President Trump’s agenda. In 2024, the company doubled down on diversity and inclusion despite an executive order to scale back DEI programs, and more than 98% of shareholders voted against a conservative proposal to reassess diversity initiatives.

Costco remains committed to DEI, citing creativity and customer value as business benefits. It sued the Trump administration over tariffs, seeking refunds, and has raised prices selectively to offset costs, joining a lawsuit with major suppliers and retailers. Costco’s measured approach, strong customer and employee retention (over 90% renew annual memberships; low turnover), and bipartisan reputation have shielded it from backlash amid a broader industry retreat from DEI policies.

ET 05:11

Down Payment Assistance Programs Aid U.S. Homebuyers in 2026 (DPA: Avg $18K, 2,619 Programs)

Down payment assistance (DPA) programs are expanding to help U.S. first-time and repeat homebuyers in 2026. As of Q4 2025, 2,619 programs exist—up 6% year-over-year—with an average benefit of $18,000. Median existing-home prices in December 2025 were $405,400, and 30-year fixed mortgage rates averaged above 6%, while the median first-time down payment was 10% in 2025. Zillow found the typical household spends 32.6% of its median income on a mortgage even with a 20% down payment, and a 20% down covers over $71,800 for the median home.
DPAs typically reduce loan-to-value ratios by 8.8 percentage points on average, improving eligibility and loan quality. Assistance includes forgivable grants (e.g., Pennsylvania’s 10-year graduated forgiveness) and repayable second mortgages. Programs are administered by public agencies and nonprofits, with Zillow now linking eligible DPA options on its listings. As DPA helps cover down payments and closing costs, it may slightly raise interest rates but remains a critical tool for affordability.

Down payment assistance (DPA) programs are expanding to help U.S. first-time and repeat homebuyers in 2026. As of Q4 2025, 2,619 programs exist—up 6% year-over-year—with an average benefit of $18,000. Median existing-home prices in December 2025 were $405,400, and 30-year fixed mortgage rates averaged above 6%, while the median first-time down payment was 10% in 2025. Zillow found the typical household spends 32.6% of its median income on a mortgage even with a 20% down payment, and a 20% down covers over $71,800 for the median home.

DPAs typically reduce loan-to-value ratios by 8.8 percentage points on average, improving eligibility and loan quality. Assistance includes forgivable grants (e.g., Pennsylvania’s 10-year graduated forgiveness) and repayable second mortgages. Programs are administered by public agencies and nonprofits, with Zillow now linking eligible DPA options on its listings. As DPA helps cover down payments and closing costs, it may slightly raise interest rates but remains a critical tool for affordability.

ET 04:33

Trend Research Suffers $686M ETH Loss as Ether Plunge Undermines Leveraged DeFi Bet (TRE: -6.8%)

Trend Research, led by Liquid Capital founder Jack Yi, suffered a $686 million loss as Ethereum (ETH) continued its rapid decline, leaving a $2 billion leveraged ETH bet in tatters. The firm borrowed stablecoins collateralized by ETH from Aave (AAVE), creating a bullish position that blew up as prices fell below $2,000, reaching as low as $1,750 on February 4, 2026.
ETH’s slide mirrored broader crypto weakness, prompting Trend Research to liquidate 332,000 ETH over five days to service Aave debt, sending about 332k ETH worth $700 million to Binance. The firm now holds 1.463 ETH. Yi described the sales as risk control, maintaining the view of a future bull market with ETH potentially reaching $10,000 and BTC exceeding $200,000, while emphasizing volatility as the primary driver of crypto performance.

Trend Research, led by Liquid Capital founder Jack Yi, suffered a $686 million loss as Ethereum (ETH) continued its rapid decline, leaving a $2 billion leveraged ETH bet in tatters. The firm borrowed stablecoins collateralized by ETH from Aave (AAVE), creating a bullish position that blew up as prices fell below $2,000, reaching as low as $1,750 on February 4, 2026.

ETH’s slide mirrored broader crypto weakness, prompting Trend Research to liquidate 332,000 ETH over five days to service Aave debt, sending about 332k ETH worth $700 million to Binance. The firm now holds 1.463 ETH. Yi described the sales as risk control, maintaining the view of a future bull market with ETH potentially reaching $10,000 and BTC exceeding $200,000, while emphasizing volatility as the primary driver of crypto performance.

ET 04:30
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Macro

Sumitomo Realty & Development Reports 9-Month Profit Increase (9MO:TYOH)

Sumitomo Realty & Development Co. (TYOH) reported a 23% rise in net profit for the nine months ended December 31, 2025, to 25.7 billion yen ($229 million), driven by stronger pricing and demand in its core real estate segments. The company attributed the improvement to higher rental income and gains from asset sales. Nine-month revenue reached 185.1 billion yen ($1.67 billion), reflecting robust activity in Japan's commercial and residential real estate markets.

Sumitomo Realty & Development Co. (TYOH) reported a 23% rise in net profit for the nine months ended December 31, 2025, to 25.7 billion yen ($229 million), driven by stronger pricing and demand in its core real estate segments. The company attributed the improvement to higher rental income and gains from asset sales. Nine-month revenue reached 185.1 billion yen ($1.67 billion), reflecting robust activity in Japan's commercial and residential real estate markets.

ET 04:10

Elon Musk's Wealth Paradox: Happiness Gaps for Ultra-Rich, TSLA CEO

Elon Musk, CEO of Tesla (TSLA), asserts that money does not buy happiness, citing diminishing returns for ultra-wealthy individuals. According to the Bloomberg Billionaires Index, Musk’s wealth reached $668B as of February 5, 2026, up $490B since early 2026, driven by SpaceX valuations and the xAI merger.
Research shows a positive but saturating relationship between income and happiness. David Bartram, University of Leicester, notes marginal utility declines for the super-rich, with happiness more tied to making a positive societal impact than additional wealth. Matthew Killingsworth of Wharton found happiness rises with income but at an accelerating cost, implying a higher “happiness threshold” for the ultra-wealthy.
In a People by WTF podcast, Musk emphasized creating value through useful products and services over chasing money, advocating for net contributions to society as the path to fulfillment.

Elon Musk, CEO of Tesla (TSLA), asserts that money does not buy happiness, citing diminishing returns for ultra-wealthy individuals. According to the Bloomberg Billionaires Index, Musk’s wealth reached $668B as of February 5, 2026, up $490B since early 2026, driven by SpaceX valuations and the xAI merger.

Research shows a positive but saturating relationship between income and happiness. David Bartram, University of Leicester, notes marginal utility declines for the super-rich, with happiness more tied to making a positive societal impact than additional wealth. Matthew Killingsworth of Wharton found happiness rises with income but at an accelerating cost, implying a higher “happiness threshold” for the ultra-wealthy.

In a People by WTF podcast, Musk emphasized creating value through useful products and services over chasing money, advocating for net contributions to society as the path to fulfillment.

盘前交易04:00 - 09:30
夜盘交易20:00 - 04:00
ET 03:50

U.S. Tightening Server CPU Exports to China: Intel, AMD Shrink Shipments, Cloud Shift to Domestic

U.S. restrictions appear extending from GPUs to server CPUs, with Intel and AMD cutting deliveries to China amid heightened supply constraints. Sources show Intel Xeon Scalable and AMD EPYC shipments to China have been sharply curtailed, with delivery lead times rising from about 4 weeks to 16 weeks and prices up 20%35%. Since December 2025, Intel has implemented quotas on server CPUs in China, reducing single-quarter shipments to China about 30% from 2024. AMD has prioritized shipments to North American cloud providers, sharply reducing available allotments in China, with some x86 parts now available only to U.S. buyers or at a premium.
Chinese cloud and telco buyers are adjusting portfolios: Alibaba Cloud reduced x86 share in its server procurements from 70% to 45% in Q1 2026, shifting capacity to Huawei Kunpeng and Phytium processors. China Mobile requires that server procurements in the coming years have at least 50% domestic CPUs, turbocharging Kunpeng and Phytium. Kunpeng server CPU output in January 2026 reached over 800,000 units, about four times 2024 levels, as plants operate three shifts. SeaInfo and other x86 partners are increasing CAPEX by 40% to move into 7nm and below, while Kunpeng prices have risen from about ¥1,800 to ¥2,400 per CPU.
The tighter supply is attributed to revised export controls on “high-performance data center processors” in October 2025, not explicitly naming CPUs but prompting Intel and AMD to reduce China-bound deliveries to mitigate compliance risk. Analysts project if constraints continue, China’s server CPU domestic share could rise from 18% in 2024 to 35% in 2026, with an ARM-x86 dual-path architecture emerging. The shift also implies roughly 500,000 additional 12-inch wafers per year for domestic fabs and potential spillovers to equipment and materials suppliers.

U.S. restrictions appear extending from GPUs to server CPUs, with Intel and AMD cutting deliveries to China amid heightened supply constraints. Sources show Intel Xeon Scalable and AMD EPYC shipments to China have been sharply curtailed, with delivery lead times rising from about 4 weeks to 16 weeks and prices up 20%35%. Since December 2025, Intel has implemented quotas on server CPUs in China, reducing single-quarter shipments to China about 30% from 2024. AMD has prioritized shipments to North American cloud providers, sharply reducing available allotments in China, with some x86 parts now available only to U.S. buyers or at a premium.

Chinese cloud and telco buyers are adjusting portfolios: Alibaba Cloud reduced x86 share in its server procurements from 70% to 45% in Q1 2026, shifting capacity to Huawei Kunpeng and Phytium processors. China Mobile requires that server procurements in the coming years have at least 50% domestic CPUs, turbocharging Kunpeng and Phytium. Kunpeng server CPU output in January 2026 reached over 800,000 units, about four times 2024 levels, as plants operate three shifts. SeaInfo and other x86 partners are increasing CAPEX by 40% to move into 7nm and below, while Kunpeng prices have risen from about ¥1,800 to ¥2,400 per CPU.

The tighter supply is attributed to revised export controls on “high-performance data center processors” in October 2025, not explicitly naming CPUs but prompting Intel and AMD to reduce China-bound deliveries to mitigate compliance risk. Analysts project if constraints continue, China’s server CPU domestic share could rise from 18% in 2024 to 35% in 2026, with an ARM-x86 dual-path architecture emerging. The shift also implies roughly 500,000 additional 12-inch wafers per year for domestic fabs and potential spillovers to equipment and materials suppliers.

ET 02:35

New York Stock Exchange Composite Surges; DJI Tops 50,000 as BTC Halts Plunge (NYSE: NYSE)

The New York Stock Exchange Composite closed at a record high, up 2.8% from 18,923.89 to 19,389.62, its best day since May 20, 2025, as the Dow Jones Industrial Average surpassed 50,000 at 50,123.89. The S&P 500 rose 2.2% to 5,243.37 and the Nasdaq Composite gained 2.4% to 16,542.13. The advance followed stronger-than-expected retail sales and a soft inflation reading.
Bitcoin retreated 1.8% to $27,945 after a volatile session, ending a three-day decline. The broader cryptocurrency index gained 0.7% as altcoins advanced, signaling some resilience in the digital asset sector despite macroeconomic headwinds.

The New York Stock Exchange Composite closed at a record high, up 2.8% from 18,923.89 to 19,389.62, its best day since May 20, 2025, as the Dow Jones Industrial Average surpassed 50,000 at 50,123.89. The S&P 500 rose 2.2% to 5,243.37 and the Nasdaq Composite gained 2.4% to 16,542.13. The advance followed stronger-than-expected retail sales and a soft inflation reading.

Bitcoin retreated 1.8% to $27,945 after a volatile session, ending a three-day decline. The broader cryptocurrency index gained 0.7% as altcoins advanced, signaling some resilience in the digital asset sector despite macroeconomic headwinds.