Late Night Market Recap

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  Night.Owl
 
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Night.Owl masters market recaps, offering sharp analysis that uncovers hidden patterns and key moves. Stay ahead with Night.Owl’s expert insights.
 

•  04 Feb 2026
 

•   ABBV  
   
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•   AMD  
   
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•   BSX  
   
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•   CMG  
   
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•   ENPH  
   
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$SMCI Super Micro Computer surged 13.78% to $33.76 on explosive volume as blowout earnings reinforced the AI server supercycle narrative. Management highlighted strong demand for AI-optimized systems powering next-gen data centers, and traders responded decisively. Even with a Barclays price target trim to $38, the market focused on accelerating revenue momentum and expanding AI exposure.

$AMD Advanced Micro Devices collapsed 17.31%, erasing roughly $30 billion in market cap despite posting a quarterly beat and record $10.3 billion in revenue. The selloff centered on softer forward guidance and uncertainty around China AI chip licensing. While CEO Lisa Su emphasized robust data center growth, elevated expectations left no room for ambiguity, triggering aggressive de-risking across the chip complex.

$BSX Boston Scientific dropped 17.59%, touching an 18-month low after a key device segment missed sales forecasts. Although earnings and revenue narrowly topped estimates and management guided for double-digit 2026 net sales growth, segment-level weakness and an outlook trailing consensus drove institutional selling pressure.

$UBER Uber declined 5.15% after issuing a profit outlook that missed Street expectations. Fourth-quarter revenue and gross bookings were solid, and management reiterated confidence in long-term upside from robotaxi deployment. However, near-term EBITDA guidance weighed on sentiment, prompting a valuation reset despite operational strength.

$ENPH Enphase Energy rocketed 38.6% following an upgrade from BMO Capital, which lifted its rating from Underperform to Market Perform and pointed to improved risk-reward dynamics. The move sparked heavy buying interest as traders repositioned around a potential inflection in solar demand and stabilization across the clean energy complex.

$NVO Novo Nordisk slid 6.18% as investors digested a softer 2026 sales outlook projecting adjusted declines of 5% to 13%. The company initiated a DKK 15 billion share repurchase program and proposed a dividend, but those shareholder returns were overshadowed by cautious guidance and intensifying competition in the obesity drug market.

$CMG Chipotle gained 1.94% after topping fourth-quarter EPS and revenue estimates, supported by new store openings and gift card-related revenue. Still, comparable sales softness and downward analyst revisions tempered enthusiasm. The modest advance suggests investors remain constructive on long-term unit growth despite near-term margin variability.

$GOOG Alphabet eased 2.16% ahead of earnings, with options activity signaling elevated volatility expectations. Investors are focused on cloud growth trajectories, AI capital expenditure discipline, and search monetization trends. The pullback reflected broader tech weakness and positioning adjustments into the print.

$QCOM Qualcomm rose 1.16% in regular trading after delivering a double beat and record revenue, though after-hours volatility emerged as management flagged memory constraints affecting mobile market dynamics. Traders are balancing strong AI-related momentum with cyclical smartphone demand considerations.

$ABBV AbbVie fell 3.79% despite beating fourth-quarter earnings and revenue estimates and forecasting 9.5% sales growth for 2026. Humira continued to anchor results, while newer growth drivers underperformed relative to expectations. The decline reflects ongoing scrutiny around pipeline execution and post-blockbuster transition durability.

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