Business 3 February 2026 - 6 February 2026

Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next
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Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next

Wetour Robotics shares closed at $1.07 Friday, up 15.1% for the day and 91% from the prior week, with trading volume surging to 496,048 shares. The company will launch its Orchestra AI wearable in Austin on May 28 and enact a 1-for-10 reverse split on June 2. Nasdaq will be closed May 25 for Memorial Day. Wetour has an active at-the-market share sale program through Chaince Securities.
May 23, 2026
Sunwoda settles Geely unit Vremt battery lawsuit, flags up to $115 million profit hit
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Sunwoda settles Geely unit Vremt battery lawsuit, flags up to $115 million profit hit

Sunwoda will cut its 2025 net profit forecast by 500–800 million yuan after settling a lawsuit with Geely’s battery unit Vremt over defective EV battery cells. Vremt had sought 2.31 billion yuan in damages. Volvo, owned by Geely, is recalling EX30 models in several countries due to overheating risks linked to Sunwoda batteries. Geely declined to comment on the settlement.
February 6, 2026
Chip sales seen topping $1 trillion in 2026 as AI data-center spending keeps demand hot
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Chip sales seen topping $1 trillion in 2026 as AI data-center spending keeps demand hot

Global semiconductor sales reached $791.7 billion in 2025 and are projected to hit $1 trillion in 2026, according to the Semiconductor Industry Association. Logic and memory chips led growth, driven by AI demand. December sales rose 2.7% from November, with gains in the Americas and China but declines in Europe and Japan. Memory chip shortages are pushing up prices, impacting device makers like Apple.
February 6, 2026
Tim Cook drops new clues on Apple’s succession plan as 50th anniversary nears
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Tim Cook drops new clues on Apple’s succession plan as 50th anniversary nears

Apple CEO Tim Cook told employees he is “obsessed” with who will lead the company in 15 years and said recent executive departures were expected. Cook confirmed Apple will mark its 50th anniversary on April 1 with “some celebration.” John Giannandrea, Kate Adams, Lisa Jackson, and Alan Dye are among top executives set to leave or retire by 2026. Cook also criticized U.S. immigration policy and voiced support for DACA.
February 6, 2026
Sony lifts forecast after record profit as PS5 sales slide and sensors surge
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Sony lifts forecast after record profit as PS5 sales slide and sensors surge

Sony posted a record quarterly operating profit of 515 billion yen, up 22%, and raised its full-year forecast to 1.54 trillion yen. PlayStation 5 sales dropped 16% to 8 million units, but gaming profit rose 19% on software and network gains. The sensor division’s sales jumped 21%, while Pictures revenue fell 11%. Sony increased its share buyback plan to 150 billion yen.
February 5, 2026
SpaceX’s Starlink phone idea surfaces as IPO plans and new services take shape
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SpaceX’s Starlink phone idea surfaces as IPO plans and new services take shape

SpaceX announced its Stargaze service to track low-Earth orbit traffic using Starlink satellites. Sources say the company is developing a Starlink-connected phone and direct-to-device internet. Starlink generated an estimated $8 billion profit on $15–16 billion revenue in 2025, making up most of SpaceX’s earnings. SpaceX is also preparing for a possible IPO later this year.
February 5, 2026
Amazon AWS CEO says space data centers are ‘pretty far’ off as Musk bets on orbital AI
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Amazon AWS CEO says space data centers are ‘pretty far’ off as Musk bets on orbital AI

AWS chief Matt Garman called orbital data centers uneconomical due to high rocket and launch costs. Elon Musk, after merging SpaceX and xAI, said “space-based AI is obviously the only way to scale” and filed plans for up to 1 million AI-focused satellites. Google and Blue Origin are also exploring space-based computing. No clear timeline for these projects has been disclosed.
February 4, 2026
Uber stock slides as profit outlook misses, CFO exit and robotaxi push grab attention
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Uber stock slides as profit outlook misses, CFO exit and robotaxi push grab attention

Uber forecast first-quarter adjusted earnings of 65 to 72 cents per share, below analysts’ 76-cent estimate, sending shares down about 5%. The company raised its gross bookings outlook and plans to launch robotaxi services in Madrid, Hong Kong, Houston, and Zurich. CFO Prashanth Mahendra-Rajah will step down, with Balaji Krishnamurthy named as his successor.
February 4, 2026
Cerebras lands $1B at $23B valuation as AI chip buyers look beyond Nvidia
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Cerebras lands $1B at $23B valuation as AI chip buyers look beyond Nvidia

Cerebras Systems raised $1 billion in a late-stage funding round led by Tiger Global, lifting its valuation to about $23 billion, nearly triple its September figure. Major AI firms are seeking alternatives to Nvidia for inference chips, driving investor interest. Cerebras recently rejected acquisition offers from Nvidia and secured a commercial deal with OpenAI.
February 4, 2026
Nvidia’s $20B OpenAI bet: Huang talks IPO as $100B fundraise takes shape
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Nvidia’s $20B OpenAI bet: Huang talks IPO as $100B fundraise takes shape

Nvidia is close to investing about $20 billion in OpenAI as part of a funding round that could value the ChatGPT maker at $830 billion, according to sources. OpenAI is seeking up to $100 billion in new funding. Nvidia CEO Jensen Huang confirmed plans to invest and downplayed reports of tension between the companies. Talks are ongoing and terms could still change.
February 4, 2026
Ford-Geely talks could put Geely EVs on Ford’s European lines
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Ford-Geely talks could put Geely EVs on Ford’s European lines

Ford and China’s Geely are in talks about Geely producing vehicles at Ford’s European plants, with Valencia, Spain, seen as a leading option, according to sources. Negotiations also cover collaboration on vehicle technology, including automated driving. Ford sent a team to China this week to advance discussions. Any deal could help Geely avoid EU tariffs on Chinese-made electric vehicles.
February 4, 2026
Texas Instruments’ $7.5 Billion Silicon Labs Buyout: What the Chip Deal Changes
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Texas Instruments’ $7.5 Billion Silicon Labs Buyout: What the Chip Deal Changes

Texas Instruments will acquire Silicon Laboratories for $231 per share in cash, valuing the deal at about $7.5 billion. The companies expect to close the transaction in the first half of 2027, pending regulatory and shareholder approval. TI plans to shift Silicon Labs’ chip production in-house and projects $450 million in annual cost savings within three years. Silicon Labs’ shares jumped in premarket trading; TI’s stock slipped.
February 4, 2026
OpenAI eyes faster ChatGPT chips as it weighs Nvidia alternatives and $100B talks drag
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OpenAI eyes faster ChatGPT chips as it weighs Nvidia alternatives and $100B talks drag

OpenAI is seeking alternatives to Nvidia’s latest AI chips to speed up inference for products like ChatGPT, sources say. Nvidia, OpenAI, and Oracle denied reports of friction over Nvidia’s planned investment. Nvidia shares fell about 3% Tuesday morning as investors reacted to the news. OpenAI has held talks with AMD and startups but says Nvidia still powers most of its operations.
February 3, 2026
Waymo’s $16 Billion Cash Haul Pushes Valuation to $126 Billion — Here’s What Changes Now
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Waymo’s $16 Billion Cash Haul Pushes Valuation to $126 Billion — Here’s What Changes Now

Waymo raised $16 billion in new funding, lifting its valuation to $126 billion. Dragoneer, DST Global, and Sequoia led the round, with Alphabet staying as majority owner. Waymo says it logged 15 million trips in 2025 and now operates over 400,000 weekly rides across six U.S. metro areas. The company plans to expand its robotaxi fleet into at least 20 more cities in 2026.
February 3, 2026
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Stock Market Today

  • Tasmanian Wind and Solar Projects Secure $1.5 Billion Federal Support
    May 24, 2026, 12:16 AM EDT. Two major renewable energy projects, Cellars Hill Wind Farm and Weasel Solar Farm, received up to $1.5 billion in federal funding under Australia's Capacity Investment Scheme. Combined, the projects will generate 541MW of clean energy, powering approximately 160,000 Tasmanian homes. Located near Bothwell, these developments are expected to create around 500 construction jobs and 22 ongoing roles. Energy Minister Nick Duigan highlighted Tasmania's leadership in the national clean energy transition, while Federal Climate Minister Chris Bowen emphasized the benefits of cheaper power, emissions reduction, and job creation. Projects are developed by Malaysian firm Gamuda, Melbourne-based Alternate Path, and local landowners.