Morgan Stanley began coverage on Monday with overweight ratings for Cipher Mining (CIFR) and TeraWulf (WULF), and an underweight rating for Marathon Digital (MARA). Targets: $38 for CIFR, $37 for WULF, $8 for MARA. CIFR up 12.4% to $16.51, WULF up 12.8% to $16.12, MARA higher at $8.28.

Analysts view CIFR and WULF as infrastructure assets with stable cash flows from long-term data center leases, comparing them to REITs EQIX and DLR which trade at over 20x forward EBITDA. They see higher valuations than the current market for DCs with strong, creditworthy tenants.

Byrd projects CIFR’s DCs could approach REIT-like valuations and estimates TeraWulf’s conversion sites at about $8 per watt, assuming 50% or 75% of its planned 250MW annual growth. He highlights Marathon’s hybrid mining-to-DC model and focus on bitcoin price exposure as limiting its upside, noting mining remains capital-intensive with historically unattractive ROIC.

Marvell Technology (MRVL) is受益 from Amazon.com’s (AMZN) $200 billion in 2026 AI, semiconductors, and satellite capital spending, as the company manufactures Amazon’s custom Trainium AI processors. The news sent MRVL shares up 3% premarket following a broader 8% drop on AMZN’s earnings call.

Marvell reported Q3 fiscal 2026 revenue of $2.075B, up 37% YOY, and non-GAAP EPS of $0.76, beating guidance and estimates. Data center revenue, 73% of sales, drove growth; GAAP gross margin 51.6%, non-GAAP 59.7% (up 30 bps qoq); operating cash flow $582M. Q4 guidance: revenue $2.2B, non-GAAP gross margin 58.5%-59.5%, non-GAAP EPS $0.74-$0.84; full-year revenue growth over 40%.

Project Rainier for Anthropic will use 500,000 Trainium chips, signaling sustained AI infrastructure demand. Analysts average a $118.25 price target and a “Strong Buy” rating, implying about 45% upside from current levels.

<date-reference>Date: February 9, 2026</date-reference>

Bitcoin (BTC-USD) hovered near $70,000 on February 07, 2026, after a sharp weekly sell-off and subsequent rebound. BTC is down about 44% from its all-time high of just under $126,000 set in October 2022, following forced liquidations and whale sales.

Bernstein analyst Gautam Chhugani characterized the decline as a "crisis of confidence" rather than structural weakness. He noted spot ETF outflows of roughly 7% versus a 50% price drop last week, and said the bear case is weakest in its history. Chhugani rated quantum computing threats as not imminent and highlighted support from major players including MSTR, BLK, and FID.

He targets $150,000 by year-end. On Monday, BTC rebounded from a low of $61,000 and remains steady as the week ended.

Alphabet Inc. (GOOGL) is planning to issue U.S. investment-grade corporate bonds to raise about $1.5 billion, leveraging the growing bond market as tech companies accelerate spending on artificial intelligence infrastructure, according to Bloomberg.

With cloud leaders expanding AI capabilities, analysts estimate AI-related capital expenditures by large tech firms will exceed $650 billion this year. While investor appetite remains strong—Oracle (ORCL) raised $25 billion in bonds last week with record demand—concerns are emerging over whether AI investments are overheating.

The offering will be structured into up to seven maturities, with the longest potentially maturing in 2026, and a spread of roughly 1.2 percentage points over U.S. Treasuries, per early discussions. Alphabet is also evaluating Swiss franc and British pound-denominated issuances, including a rare 100-year maturity.

Alphabet, which cited a potential $185 billion in capital expenditures this year and posted quarterly results exceeding analyst averages, last issued bonds in November 2025 to raise $17.5 billion, with about $90 billion in subscriptions, including a 50-year maturity. The company has not yet commented.

According to Bloomberg Intelligence, cumulative capital expenditures for AI, cloud infrastructure, and data centers are expected to reach $3 trillion through 2029.

E.W. Scripps (EWSCO) announced on February 9, 2026, the sale of its Court TV network to Law&Crime, effective March 31, 2026. The transaction, valued at $120 million, is expected to contribute positively to the company's second-quarter 2026 earnings per share and free cash flow. Terms of the agreement include a combination of cash and stock, with E.W. Scripps issuing 200,000 shares of its common stock valued at $20 million, and the remainder paid in cash. The sale reflects the company's strategic shift to focus on core cable and digital platforms.

European equities closed higher on February 9, 2026, as investors reacted to strong corporate earnings and positive economic outlooks. The FTSE 100 rose 0.8% to 6,342.50, and the FTSE All-Share gained 0.6% to 68,215.50. The London Stock Exchange Composite climbed 0.7% to 7,214.50. The gains followed reports of higher-than-expected earnings from major FTSE companies and a series of product launches and strategic acquisitions.

Supporting context: The European Central Bank is scheduled to release its latest inflation data at 15:00 CET on the same day, which is likely to influence risk sentiment and trade volume in the region.

Monday's session saw the S&P 500 (^GSPC) up 0.6% and the Nasdaq Composite (^IXIC) up 1%, with the Dow Jones Industrial Average (^DJI)持平 and crossing above 50,000 for the first time. The week's volatility continued as investors prepare for a backlog of earnings and economic data.

Monday.com (MNDY) fell as much as 22% after revenue and profit guidance missed expectations, signaling caution over AI disruption risks. Nvidia (NVDA) and AMD rose over 3%, Oracle (ORCL) surged ~10%, and Microsoft (MSFT) gained over 2%.

Gold (GC=F) rebounded above $5,000/oz, while bitcoin (BTC-USD) retreated below $69,000 after a sharp decline last week. The January nonfarm payrolls report is scheduled for Wednesday; ADP data from last week and the delayed jobs report are watched closely. Friday morning brings consumer inflation data.

Earnings highlights include ON Semiconductor (ON) after the close, with results from Coca-Cola (KO), McDonald's (MCD), and Cisco (CSCO) expected this week.

Alphabet Inc. (GOOGL) is set to raise $20 billion via a U.S. dollar bond offering, surpassing its earlier $15 billion forecast. The sale attracted over $100 billion in orders, the strongest ever for a corporate bond offering. Pricing on the 2066-maturity tranche narrowed to a 0.95 percentage-point premium over Treasuries from 1.2 percentage point.

The issuance follows Alphabet’s plan to allocate up to $185 billion in capital expenditures this year, intensifying investments in data centers supporting its AI initiatives.

General Motors (GM) has hired Claudia Gast, senior vice president of strategy and business development at Lucid Motors, as vice president of strategy, corporate development and technology partnerships. She will report to CEO Mary Barra, with oversight from CFO Paul Jacobson, and begin her role on March 1, 2026.

The appointment reflects GM’s strategy to bolster its capabilities in electrification, automated driving and software-centric vehicles by integrating executive talent from EV startups and tech firms. Gast succeeds Zach Kirkman, a former Tesla executive who joined GM in 2023 and is leaving for other opportunities.

The U.S. dollar fell to a 1-week low of 100.22 on February 9, 2026, down -0.75% on the DXY00, as Chinese regulators advised banks to scale back holdings of U.S. Treasuries, raising concerns about reduced foreign demand for dollar assets. EUR/USD rose to 1.0755, up +0.78%, and USD/JPY traded at 139.45, down -0.87%, as the yen recovered from a 2-week low amid PM Takaichi’s election gains and mixed economic data. Swaps price a 19% chance of a -25 bp ECB rate cut at its March 19 meeting and a 3% chance of a similar move by the ECB.

Gold (GCJ26) advanced $72.20 to $2,400.00 (+1.45%) and silver (SIH26) climbed $4.210 to $44.30 (+5.46%) on the dollar weakness and perceived safe-haven demand. The PBOC added 40,000 oz to reserves to 74.19 million oz in January. Precious metals also benefit from a 50-bp FOMC rate cut expected in 2026 and BOJ policy divergence, while the yen faces a +29% chance of a BOJ hike at its March 19 meeting.

LATAM Airlines Group (LTM) surged 35% since a “Buy” rating from its Trend Seeker indicator on November 19, 2025, and is up 110% year-to-date, reaching a 52-week high of $70.42. The company, formed by the 2012 merger of LATAM and TAM Airlines, operates 347 aircraft to 151 destinations across 27 countries. Financials outpace the sector: YoY EPS growth is 53% versus 7%, and forward revenue growth is forecast at 9% versus 6%.

The stock was selected via Barchart screening for superior momentum, a Trend Seeker buy, and consistent price appreciation. These indicators are dynamic and may change daily. The Barchart Chart of the Day is for informational purposes only and not a buy recommendation; the stock is volatile and speculative. The editor has no positions in LTM.

Legal AI platform Harvey (HY) is reportedly in final talks for a $200 million funding round at a projected $11 billion valuation, led by Sequoia and Singapore’s GIC. If closed, the round would more than triple the company’s valuation from $8 billion, reached in a December 2025 round led by Andreessen Horowitz.

Harvey’s valuation trajectory reflects rapid expansion: a $300 million Series E in June 2025 at $5 billion, and a $300 million Series D in February 2025 at $3 billion. The company reported an annual recurring revenue of $190 million by year-end 2025, up from $100 million in August 2025. Founder and CEO Winston Weinberg has attributed its traction to strategic introductions and strong VC backing.

Later this year, the UK government under the Employment Rights Act, spearheaded by Angela Rayner, will grant unions a statutory right of access to workplaces—either in person or online—potentially seven days a week. Non-compliance could result in fines of £75,000 for a first offense and £150,000 for repeat offenses. The Adam Smith Institute estimates that 196,000 small and medium businesses (fewer than 250 staff) will collectively face over £680 million in adjustment costs over the phasing period due to weekly union access, including arbitration (£111M), disruption (£40M), and future unionization expenses (£525M). The Department for Business and Trade has limited the cost assessment to only the £5 million needed for compliance training.

Bangladesh has secured a 19% reduced U.S. tariff for certain textiles and garments made with U.S.-produced materials under a Monday-signed trade agreement, according to interim leader Muhammad Yunus. The arrangement would exempt goods manufactured with U.S. cotton and man-made fibers from reciprocal duty. Negotiations spanned nine months since April 2024.

Last August, Bangladesh also reduced U.S. tariffs on exports from 37% to 20%, providing relief to its apparel sector, which accounts for over 80% of export earnings, employs about 4 million workers, and contributes roughly 10% to GDP. The White House, Treasury Department, and U.S. Trade Representative have not yet commented.

This follows U.S. President Joe Biden’s announcement earlier this month of an 18% tariff on India in exchange for New Delhi curtailing Russian oil purchases and reducing trade barriers.

Monday.com (NASDAQ:MNDY) dropped 21.4% after reporting Q4 2025 results that beat expectations, with revenue up 24.6% y/y and EPS exceeding estimates. However, the company issued a cautious 2026 outlook: revenue guidance of $1.452B–$1.462B, below the $1.48B consensus, and a slightly miss for Q1 2026. The market reaction indicates the disappointing guidance outweighed the strong quarter.

The stock, which has moved more than 5% in 25 sessions this year, is down 46.6% year-to-date, trading at $76.62 versus a 52-week high of $327.92.

Context: The broader AI agentic revolution, exemplified by Anthropic’s Claude Opus 4.6 and OpenAI’s Frontier platforms, is commoditizing workflow automation, pressuring legacy software licensing and pricing the application layer down.

Merchants Bancorp (NASDAQCM:MBIN) rose 7.7% on February 9, 2026, following the S&P Dow Jones Indices decision to add the bank to the S&P SmallCap 600 index, effective before the market opened on February 11, 2026. The inclusion will trigger buying from index-tracking funds and ETFs, enhancing the company’s visibility and liquidity.

In Q4 2025, the company posted EPS of $1.28, exceeding the $0.97 consensus, and revenue of $185.3 million, beating the $171.9 million forecast, a 4.4% year-over-year decline. Net interest income outperformed, and tangible book value per share rose 9.8% to $37.51. The stock is up 36.3% YTD and at a new 52-week high of $45.22, with a $1,000 investment growing to $2,087 over five years.

Anthropic is finalizing a $20 billion capital raise at a $350 billion valuation, up from its prior $13 billion equity offering five months ago. Intense investor demand and rising compute costs are accelerating the round, with strategic backers Nvidia and Microsoft expected to lead much of the funding.

Key participants include Altimeter Capital Management, Sequoia Capital, Lightspeed Venture Partners, Menlo Ventures, Coatue Management, Iconiq Capital, and Singapore’s sovereign wealth fund. The coding agents and new legal/business research models released recently have driven productivity gains and pressured peers in publicly traded data firms.

OpenAI is reportedly assembling a $100 billion fundraising round, and both companies are preparing IPOs amid a anticipated blockbuster summer in public markets, with xAI also planning a public equity offering as part of its SpaceX IPO.

ADNOC Gas (ADG) reported FY2025 net income of $5.2B, up 3% from FY2024, with revenue down 4% to $23.47B. Q3 2025 net profit rose 8% to $1.34B, EBITDA in the domestic gas business up 26%, and a $3.584B dividend plan for 2025 with annual per-share increases of 5% through 2030.

However, capex surged 98% to $3.6B in 2025 as the company shifts from cash harvesting to industrial buildout, including the $multi-billion Rich Gas Development project. Analysts warn of execution risk, inflation, and schedule/scope changes as ADG balances a high-yield policy with aggressive capital spending under Abu Dhabi’s strategic priorities.

The critical test comes in 2026: can ADG maintain returns while funding growth without compromising flexibility, governance, or minority shareholder alignment? Risks include margin pressure, cost overruns, and policy shifts that could disrupt politically structured pricing and contracts.

Blackstone provides $100 million in debt financing to Firmus Technologies, setting a new record for private lending in Australia. The funding, co-led by Blackstone’s Tactical Opportunities and Credit &amp; Insurance funds with Coatue Management, will加速 the global rollout of Firmus’ AI data centers using NVIDIA DSX architecture’s Southgate project. The plan includes building a 1.6GW data center complex in Australia, targeted for completion in 2028.

Firmus, already active in multiple locations and planning a listing on the Sydney Securities Exchange, raised $500 million in equity in November 2025 at a $60 billion valuation. The investment follows Australia’s rise to the world’s third-largest AI investment destination, with expected new data center investments of $1.5 trillion AUD ($1.05 trillion USD) over the next five years.

Analysts note the strategic importance of AI infrastructure and the growing role of debt in funding AI-related infrastructure, while cautioning on the sustainability of returns if technological advancements or energy costs change. The project leverages NVIDIA chips and clean energy, targeting hyperscalers and AI-native enterprises, with Australia’s stable grid and policy environment offering a competitive edge.

Cango (CANG) sold 4,451 BTC over the weekend, raising approximately $305 million in USDT, to reduce leverage and fund a strategic pivot toward AI infrastructure. The sale suggests an average price of about $68,524 per coin, well above the multi-year lows. The proceeds will pay down a bitcoin-collateralized loan, and Cango still holds 3,645 BTC valued at over $250 million.

The company plans to deploy modular GPU units across its global network of over 40 sites to provide on-demand AI inference capacity for SMBs. This follows a broader industry shift as miners seek to capitalize on rising compute demand and expand into high-performance computing and AI workloads.

Analysts note the opportunity is compelling but execution risks remain, contributing to downgrades at Bitfarms (BITF), Bitdeer (BTDR), and Hive Digital (HIVE).