Tech giants boost Capex again! What's the outlook for future stock prices?
In the first month of 2026, US stocks showed strong resilience amid impacts from geopolitical tensions, tariff shocks, and shifts in monetary policy, continuing last year's upward trend. The Dow and S&P 500 both hit new all-time highs this month, while the Nasdaq has yet to surpass its October high from last year.

Looking ahead to February, there will still be many significant events in the US stock market. Investors should focus on whether the US government faces another shutdown and whether key economic data can provide critical guidance for the Federal Reserve’s policy path. On the earnings front, tech giants like NVIDIA, Google, and Amazon will take center stage, with AI capital expenditures and profitability being the main highlights.

– After US market close on February 2 (Eastern Time) / February 3 (Beijing Time),AI application leader$Palantir (PLTR.US)$will release its latest quarterly earnings.
– After US market close on February 3 (Eastern Time) / February 4 (Beijing Time),Chip giant $Advanced Micro Devices (AMD.US)$will release its latest quarterly earnings.
– After US market close on February 4 (Eastern Time) / February 5 (Beijing Time),tech giant $Alphabet-C (GOOG.US)$will release its latest quarterly earnings.
– After US market close on February 5 (Eastern Time) / February 6 (Beijing Time),Tech giant$Amazon (AMZN.US)$will release its latest quarterly earnings.
– On February 16 (Eastern Time), US markets will be closed for one day in observance of Presidents' Day (Washington's Birthday).
– At 0:00 Beijing Time on February 25 (8:00 AM Pacific Time on February 24), $Apple (AAPL.US)$ the annual general meeting of shareholders will be held.
Apple released an SEC filing, officially announcing the holding of its annual general meeting of shareholders at 8:00 AM Pacific Time on February 24. In the document, Apple CEO Tim Cook sent a thank-you letter to shareholders, stating that the past year has been extraordinary for Apple. He mentioned that Apple products have integrated into users' lives in more ways, pushed technological boundaries, and unlocked human potential. He sincerely invited shareholders to attend the meeting on February 24, 2026, to jointly review and celebrate the key progress made over the past year.
After the US stock market closes on February 25 Eastern Time (February 26 Beijing Time), the 'Global AI Leader' $NVIDIA (NVDA.US)$will release its latest quarterly earnings.
As the grand finale of the US earnings season, NVIDIA will release its highly anticipated Q4 and full-year earnings report after the market closes on February 25. The core focus will be on verifying the sustainability of global AI computing demand and the supply progress of the new generation Blackwell chip. This 'report card' will not only set the tone for NVIDIA's performance in the fiscal year 2026 but also serve as a key indicator to validate whether global AI computing demand continues to surge.
It is worth noting that,In February, $Coinbase (COIN.US)$、 $Robinhood (HOOD.US)$、 $Circle (CRCL.US)$ leading cryptocurrency-related stocks will also successively announce their latest quarterly results.
Additionally, a series of significant data will be disclosed throughout February, including January's non-farm payroll numbers, unemployment rate, CPI data, and December's PCE. However,The alarm for a potential US government shutdown may sound again,This week, the legislation funding most of the US government departments appears to be at risk, with the market rapidly increasing the probability of another partial government shutdown by midnight on Friday.If a shutdown occurs, key economic data might be delayed or canceled once more, such as the non-farm payroll report and CPI,Investors are advised to stay tuned.

Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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