In the week leading up to the February 6, 2026 update, silver surged to a yearly high before collapsing nearly 30% last Friday, then repeatedly rebounded and slid, with spot prices hitting $73 per ounce by Thursday night and New York futures at $72.34. UBS flagged one-month silver volatility above 100%, warned that levels above $85 may be hard to sustain without persistent inflows, and highlighted rich option pricing. The sharpest intraday crash occurred on January 30, when the leveraged AGQ ETF was already down heavily and dumped nearly $4 billion in silver futures, while analysts noted that leveraged products and intense retail demand are distorting trading patterns and could keep prices unstable.

Chinese investors are channeling excess liquidity into metals futures, driving sharp gains in copper, gold, and silver despite weak factory demand. As China's M2 money supply rose 8.5% year-on-year in December while quarterly GDP grew 3.9% in late 2025, speculative trading has surged across metals like silver, aluminum, nickel, tin, and steel wire rod. Copper recently climbed above $14,500 per ton before sliding to $12,750 on the London Metal Exchange, with analysts warning that prices remain largely driven by speculation rather than real consumption.

In January, Tesla delivered 69,129 China-made electric vehicles from its Shanghai plant, up 9.3% from 63,238 units a year earlier, while competitors lost momentum in a slowing market. The figures from the China Passenger Car Association placed Tesla third behind BYD and Geely, with much of its output likely headed for export as domestic demand remained weak. Rising battery metals, copper, aluminum, and chip costs are squeezing margins across the EV sector, prompting Tesla to roll out aggressive zero-interest and low-rate financing offers in China instead of launching new models.

On February 6, 2026, reports detailed how Elon Musk used a triangular merger to place xAI under SpaceX while keeping xAI as a separate subsidiary. The all‑stock deal valued xAI at $250 billion and SpaceX at $1 trillion, allowed xAI shareholders to defer taxes on new SpaceX shares, and avoided triggering repayment on more than $17 billion of xAI debt. SpaceX’s pre‑IPO valuation has been marked at $1.25 trillion, while investors and analysts continue to assess how the expanded mix of space, AI, and social media activities affects the planned IPO.

Strategy reported a $12.4 billion net loss for the fourth quarter of 2025, largely due to unrealized losses on its sizable bitcoin holdings under fair value accounting, while the stock dropped 18% in a single session. The company also booked a $17.4 billion operating loss tied to digital asset markdowns, expanded its bitcoin position to 713,502 BTC, and raised $25.3 billion in 2025 to bolster a USD reserve for dividend coverage. Core software revenue inched higher, but product support declined and margins narrowed.

On February 5, 2026, Amazon shares dropped more than 10% in after‑hours trading after the company reported Q4 EPS of $1.95 versus a $1.97 estimate. Revenue reached $213.39 billion, topping a $211.33 billion forecast, as Amazon outlined a $200 billion capital expenditure program for 2026, above analyst expectations around $146.6 billion.

On February 5, 2026, Wall Street desks pivoted to downside scenarios as Bitcoin fell to $63,500 per TradingView, sliding from $70,000 earlier the same day and nearly 40% below its near‑$126,000 peak. Signals and cycle studies from 22V Research, Tallbacken Capital and Galaxy Digital highlighted potential levels near $60,000, $58,000, $45,000 and $35,200, alongside almost $4 billion in ETF outflows over three months.

On February 5, 2026, LSEG shares climbed 7.4% after dropping 19% over the previous two sessions, as JPMorgan and Goldman Sachs argued that market fears over AI eroding its business were exaggerated. Analysts at both banks highlighted LSEG's data partnership with Anthropic and estimated that only a small portion of its workflow-related revenue faces AI disruption, while one Goldman analyst set a 14,550 pence price target with about 90% upside.

On February 5, 2026, coverage highlighted Kevin Warsh’s view that an AI-fueled productivity surge could let the Fed lower rates over time without reigniting inflation. Trump allies back aggressive easing toward a 1% policy rate from the current 3.5–3.75% range, while several economists caution that AI’s benefits may lag demand, risking inflation.