February 5, 2026
Image source: Lummi
Wall Street's "Software-mageddon" has been snowballing.
Now investors are debating whether it is time to warm up to the beaten-down stocks.
The fallout for the software industry, which includes a handful of signature stocks of the recent bull market, reflects growing anxiety over the potential disruption caused by artificial intelligence, as investors increasingly divide the sector into perceived winners and losers.
The volatility also comes as investors shed technology holdings for other market areas that have mostly lagged in recent years, while investors await quarterly updates during the heart of the corporate earnings season that could further shake asset prices. Yahoo Finance reports.
🪙 IREN stock slides 17% ahead of earnings as bitcoin flirts with $70,000
IREN Limited shares plunged 17.4% to close at $44.94 on Wednesday, hit hard amid a broader selloff in crypto-related and AI-adjacent stocks.
The timing is crucial. IREN plans to release its results for the quarter ending Dec. 31, 2025, after Thursday’s market close, with a conference call set for 5:00 p.m. Eastern.
Cryptos have taken another hit, dragging the sector down. Bitcoin dropped as much as 3.5% to $70,052 during Asian trading, its lowest since November 2024.
Analysts linked the slide to anticipation that the incoming Fed chair might shrink the central bank’s balance sheet, tightening liquidity and hitting speculative bets. TechStock² reports.
📰 S&P 500, Nasdaq edge up after tech sell-off with Google’s AI push in focus
US stock futures mostily nudged higher on Thursday as investors waited for Amazon earnings and assessed fresh signals from Alphabet, following a sharp two-day sell-off in technology stocks.
S&P 500 futures moved up 0.1%, while those on the Nasdaq 100 rose 0.3%.
Contracts on the Dow Jones Industrial Average futures, which include fewer tech names, hovered just below the flat line.
Wall Street is digesting another batch of corporate earnings, with Big Tech and AI prospects in high focus. Yahoo Finance reports.
📄 What drove X3 Holdings’ over 14% surge in pre-market trading?
X3 Holdings Co Ltd gained 14.59% in pre-market trading on Thursday, rising to $0.31.
The stock closed the regular session down 33.74% at $0.27, according to Benzinga Pro.
The move followed a prospectus supplement filed on Wednesday disclosing an equity purchase agreement with Nevada-based Hudson Global Ventures, LLC, signed on Jan. 30.
The agreement gives X3 Holdings the right to sell up to $50 million in ordinary shares to the investor at the company’s discretion during the commitment period. Benzinga reports.
📱 Qualcomm stock price drops 11% premarket after weak forecast flags memory crunch
Qualcomm shares dropped 11.1% to $132.34 in premarket trading Thursday, following a forecast that missed revenue and earnings estimates amid a global memory-chip shortage. The stock had closed Wednesday at $148.89.
The outlook is hitting a market already on edge over consumer electronics demand.
Qualcomm, a major supplier for premium smartphones, often sets the tone with its guidance, giving a quick snapshot of what phone makers can realistically produce and ship in the near term.
On the earnings call, chief executive Cristiano Amon warned that memory shortages and price increases could “define” the handset industry’s scale throughout the fiscal year.
He said memory suppliers are shifting capacity toward high-bandwidth memory for AI data centers, squeezing the supply available for smartphones. TechStock² reports.
🥈 Silver hit with fresh selloff in China after tentative recovery
Silver fell sharply, at one point wiping out its two-day recovery, as the white metal struggled to find a floor following a historic market rout.
Spot silver plunged as much as 17% toward $73 an ounce during the Asian trading session, before paring losses to about 11% mid-morning in Europe.
After a record-breaking rally that appeared to run too hot, the metal has retreated by more than a third from an all-time high last week.
A rebound of the dollar triggered the unwinding of bullish positions last week and has weighed on commodities. Yahoo Finance reports.
🧠 Nvidia partner Hon Hai’s sales soar in sign of strong AI demand
Hon Hai Precision Industry’s revenue rose 35.5% in January, suggesting demand for Nvidia servers remains resilient during a global wave of artificial intelligence development.
The company, also known as Foxconn, reported revenue of NT$730 billion last month.
The year-ago comparison, however, may have been affected by the Lunar New Year holidays, which in 2025 fell in January.
Hon Hai is projected to report a 28% rise in sales for the three months ending March. Yahoo Finance reports.
🧠 Broadcom stock braces for a choppy open after AI selloff, Jefferies sticks to $500 target
Shares of Broadcom head into Thursday’s US session having fallen sharply, as investors digest new AI-related spending cues from Alphabet amid growing jitters over technology valuations.
The stock ended Wednesday at $308.05, slipping 3.9% from the previous day’s close, with intraday lows hitting $295.30.
Broadcom slid alongside the wider semiconductor sector as Wall Street pulled back from AI-driven stocks, pushing the Nasdaq down 1.5% and the Philadelphia Semiconductor index down 4.4%.
“The stock market is having a really hard time knowing where to price the stocks and what the future looks like,” said Jed Ellerbroek, a portfolio manager at Argent Capital in St. Louis. TechStock² reports.
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Stock Analysis reports.
1) CISS: C3is Inc.
Total gain: +26.97%
2) DHX: DHI Group, Inc.
Total gain: +26.51%
3) BNAI: Brand Engagement Network, Inc.
Total gain: +23.44%
4) AMSC: American Superconductor Corporation
Total gain: +17.68%
5) TSEM: Tower Semiconductor Ltd.
Total gain: +17.36%
The closing price of the top three market percent gainers trading near or above $3 on February 4.
Stock Analysis reports.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1) OBAI: TG-17, Inc.
Total gain: +167.21%
The stock appeared to be moving on no notable news.
2) MANE: Veradermics, Incorporated
Total gain: +122.06%
The company announced the pricing of its upsized initial public offering of 15,077,647 shares of its common stock at an initial public offering price of $17.00 per share. All of the shares are being offered by Veradermics. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately $256.3 million. Businesswire reports.
3) SLAB: Silicon Laboratories Inc.
Total gain: +48.89%
The company announced pending acquisition of Silicon Labs by Texas Instruments, Silicon Labs will cancel its previously announced earnings call scheduled for February 10, 2026, and has suspended providing forward-looking guidance. PR Newswire reports.
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
BBVA: BBVA
Q4 2025
Before Market Open
Estimate: 0.500
Actual: 0.520
ASX: ASE Tech Holding Co
Q4 2025
Before Market Open
Estimate: 0.200
Actual: 0.210
SHEL: Shell
Q4 2025
Before Market Open
Estimate: 1.260
Actual: 1.140
Time (ET) / Report / Period
8:30 AM - Initial jobless claims [delayed due to shutdown] - Jan. 31
10:50 AM - Atlanta Fed President Raphael Bostic speaks - N/A
“The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.”
– Seth Klarman
Sourced in: Seth Klarman quotes – ValueWalk.
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