■ Big Tech & Strategic Financing
Alphabet (GOOGL, GOOG)
Massive Bond Sale: Alphabet has issued $20 billion in corporate bonds across seven tranches with maturities ranging from 2029 to 2066.
Tranche Details: The issuance includes $2.5B (3.700%) due 2029, $3.0B (4.100%) due 2031, $3.0B (4.400%) due 2033, $4.25B (4.800%) due 2036, $1.5B (5.500%) due 2046, $4.0B (5.650%) due 2056, and $1.75B (5.750%) due 2066.
Credit Quality: The bonds received an Aa2 rating from Moody’s and AA+ from S&P, with both agencies maintaining a "stable" outlook.
Net Proceeds: Alphabet is expected to secure approximately $19.85 billion in net proceeds to fund operations and AI investments.
TSMC (TSM)
January Surge: Reported January revenue of $12.7 billion (401.3B TWD), a 37% increase year-over-year.
AI Tailwind: This growth significantly outperformed the company's annual target of 30%, driven by robust demand for data center semiconductors.
Capex Expansion: Following this momentum, TSMC announced plans to expand its 2026 capital expenditure to up to $56 billion.
■ Earnings & Guidance Highlights
Spotify (SPOT)
Profitability Beat: Reported Q4 EPS of 4.43 EUR, crushing the $2.74 estimate.
Margin & Subs: Revenue rose 7% YoY to 4.53B EUR, while gross margins hit 33.1%. Premium subscribers grew by 9 million during the quarter.
CVS Health (CVS)
Mixed Outlook: Beat Q4 estimates with an adjusted EPS of $1.09 and revenue of $105.7B.
Policy Risks: Provided conservative 2026 EPS guidance of $7.00–$7.20 (vs. $7.17 est), citing a $20 billion risk related to drug price reductions under President Trump’s "Most Favored Nation" agreement.
onsemi (ON) & Datadog (DDOG)
onsemi: Q4 adjusted EPS of 64 cents beat estimates, but revenue fell 11% YoY. Q1 revenue guidance was lower than Wall Street expectations.
Datadog: Reported a solid Q4 beat with an adjusted EPS of $0.59. However, full-year 2026 EPS guidance of $2.08–$2.16 significantly missed the $2.41 consensus.
■ Analyst Upgrades & Corporate Shifts
Palantir (PLTR)
Daiwa Upgrade: Upgraded to Buy ($180 PT). Analysts cited "exceptional demand" for the AIP platform and projected at least 115% growth in US commercial revenue for 2026.
Target (TGT)
Restructuring: New CEO Michael Fiedelke is cutting 500 jobs to simplify store operations and standardize the field operating model.
Under Armour (UAA)
Citi Downgrade: Downgraded to Sell, warning of fierce competition from Nike, Hoka, and Adidas, and slowing growth in the EMEA region.
Fluence Energy (FLNC)
Jefferies Upgrade: Upgraded to Buy, calling the recent 37% weekly plunge an overreaction given strong energy storage demand from data centers.
■ AI & Global Partnerships
Alibaba (BABA): Unveiled 'RynnBrain,' a proprietary AI model for robots, positioning itself against Nvidia's Cosmos and Google DeepMind's Gemini Robotics.
STMicroelectronics (STM): Upgraded to a $32 PT by Mizuho following an expanded partnership with Amazon AWS to supply AI infrastructure solutions.
Baidu (BIDU) & Uber (UBER): Officially launching the 'Apollo Go' robotaxi service in Dubai this March, starting in the Jumeirah district.
■ Pre-market Movers
■ Ferrari (RACE): Up 8.6% on strong earnings and 2026 outlook.
■ Credo Technology (CRDO): Skyrocketed 17.4% after raising revenue guidance above consensus.
■ Upwork (UPWK): Plunged 21.9% after active users dropped to 785,000 and guidance disappointed.
■ Chegg (CHGG): Fell 6.7% as revenue and EBITDA were nearly halved YoY.
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