Today: 22 May 2026

Wall Street rebounds after tech rout, but Amazon stock slides on $200B AI spend plan

Wall Street rebounds after tech rout, but Amazon stock slides on $200B AI spend plan

Amazon shares plunged nearly 9% Friday after announcing a $200 billion AI spending plan, dragging tech stocks lower. The S&P 500 slipped into negative territory for the year on Thursday amid concerns over mounting capital expenditures and weak layoff data. By 09:30 a.m. ET, the Dow rose 0.62%, the S&P 500 gained 0.50%, and the Nasdaq edged up 0.35%. Chipmakers Nvidia and AMD rebounded, each rising over 5%.
6 February 2026
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Gold price forecast for 2026: $4,746 average eyed after the $5,600 peak — and new margin hikes

Gold price forecast for 2026: $4,746 average eyed after the $5,600 peak — and new margin hikes

CME Group raised margins on COMEX gold futures to 9% from 8% for Non-HRP accounts, its third hike since January 13. Spot gold rose 2.6% to $4,893.59 an ounce by early Friday, after sharp swings that saw prices hit nearly $5,600 last week and $4,403 on Monday. Indian dealers cut premiums to $70 an ounce as buyers paused. Gold’s one-week realised volatility topped 90%.
6 February 2026
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Dow Jones jumps nearly 700 points after tech rout — but AI spending fears still bite

Dow Jones jumps nearly 700 points after tech rout — but AI spending fears still bite

The Dow jumped 687 points, or 1.41%, to 49,596 in early Friday trading, recovering from a tech-led selloff. Amazon fell nearly 9% after flagging higher AI spending, while Nvidia gained over 5%. Chipmakers and banks led the rebound, but tech stocks continued to weigh on indexes. Investors await next week’s U.S. jobs and inflation reports for signals on rate cuts.
6 February 2026
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Corpay stock edges higher today as CPAY earnings, PayByPhone sale and broker targets keep bulls engaged

Corpay stock edges higher today as CPAY earnings, PayByPhone sale and broker targets keep bulls engaged

Corpay shares rose 1.4% to $339.73 Friday after the company posted fourth-quarter revenue of $1.25 billion, up 21%, and issued strong 2026 guidance. The company plans to sell its PayByPhone unit and now expects 2026 revenue between $5.215 billion and $5.315 billion. Analyst price targets increased following the report. Corpay’s corporate payments division saw a 39% revenue jump to $480.8 million.
6 February 2026
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Kodiak Gas Services stock jumps on $675 million DPS buy as data-center power demand bites

Kodiak Gas Services stock jumps on $675 million DPS buy as data-center power demand bites

Kodiak Gas Services shares rose 4.2% to $49.29 after announcing a $675 million acquisition of Distributed Power Solutions, funded by $575 million in cash and $100 million in stock. The deal, expected to close in early Q2 2026, awaits antitrust approval and hinges on Kodiak maintaining leverage targets. Investors await further details at the Feb. 26 earnings call.
6 February 2026
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Regal Rexnord stock ticks higher after $735 million data-center orders put 2026 outlook in play

Regal Rexnord stock ticks higher after $735 million data-center orders put 2026 outlook in play

Regal Rexnord shares rose 1.4% to $202.75 Friday after posting fourth-quarter adjusted earnings of $2.51 per share and 2026 guidance of $10.20–$11.00 EPS. The company reported $735 million in E-Pod orders tied to data-center power projects, with first shipments expected in 2027. Revenue for the quarter was about $1.52 billion. Management flagged weak residential HVAC demand and uncertainty in converting backlog to revenue.
6 February 2026
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Kulicke & Soffa stock price today: KLIC steadies premarket after 19% earnings jump, Needham lifts target

Kulicke & Soffa stock price today: KLIC steadies premarket after 19% earnings jump, Needham lifts target

Kulicke & Soffa shares rose 0.4% to $66.66 in premarket trading Friday after a 19.3% surge Thursday, following upbeat Q2 revenue guidance of around $230 million. Fiscal Q1 net revenue reached $199.6 million, with utilization rates topping 80% in general semiconductors. Needham raised its price target to $70. The company filed its latest 10-Q on Thursday.
6 February 2026
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Amazon stock price tumbles as $200 billion 2026 capex plan hits AI trade (AMZN)

Amazon stock price tumbles as $200 billion 2026 capex plan hits AI trade (AMZN)

Amazon shares fell 8.8% to $203.15 in early trading Friday after the company announced a $200 billion capital expenditure plan for 2026. Investors reacted to concerns over rising AI and cloud infrastructure costs outpacing cash flow. CEO Andy Jassy cited strong AWS growth, but analysts noted spending was higher than expected. The broader market opened higher, but Amazon’s drop weighed on tech sentiment.
6 February 2026
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Google stock price slips as Alphabet’s AI spending push keeps GOOG in focus

Google stock price slips as Alphabet’s AI spending push keeps GOOG in focus

Alphabet Class C shares fell 0.5% to $331.33 in early Friday trading after the company set 2026 capital spending at up to $185 billion, far above Wall Street estimates. Cloud revenue jumped 48% to $17.7 billion in the December quarter. The board approved a $0.21 per share dividend, payable March 16. Investors remain cautious as Big Tech ramps up AI-related expenses.
6 February 2026
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Nvidia stock price drops in early trade as AI capex jitters bite; Feb. 25 earnings loom

Nvidia stock price drops in early trade as AI capex jitters bite; Feb. 25 earnings loom

Nvidia shares fell 1.2% to $171.88 early Friday, trailing a mixed chip sector as tech stocks slid on concerns over soaring AI development costs. Amazon’s 2026 capex could reach $200 billion, far above expectations, fueling debate over whether heavy data-center spending will drive near-term profits. AMD dropped 3.9%, while Broadcom and Taiwan Semiconductor rose. Some Nvidia clients are developing their own chips, raising competitive risks.
6 February 2026
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Sandisk stock rises in early trade as rally cools from record high

Sandisk stock rises in early trade as rally cools from record high

Sandisk shares rose 4.4% to $601.55 in early New York trading Friday, rebounding after a sharp drop earlier in the week. The stock swung between $568.30 and $623.28 as traders cited AI-driven storage demand and tight supply. Sandisk has fallen over 20% since touching $725 on Feb. 3. Investors are watching for analyst updates and memory pricing signals ahead of earnings on May 6.
6 February 2026
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Tesla stock price slides early as China AI training report and Europe sales warnings hit TSLA

Tesla stock price slides early as China AI training report and Europe sales warnings hit TSLA

Tesla shares fell 2.2% to $397.21 in early New York trading Friday after reports the company set up an AI training center in China. European data showed Volkswagen overtook Tesla as the top battery-electric vehicle seller in 2025, with Tesla registrations down 27%. U.S. lawmakers face renewed pressure to advance self-driving car legislation.
6 February 2026
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FormFactor stock holds near $84 after earnings beat — what FORM investors watch next

FormFactor stock holds near $84 after earnings beat — what FORM investors watch next

FormFactor shares were flat in premarket trading Friday after a 17% jump on Thursday, closing at $83.87. The company posted record quarterly revenue of $215.2 million and GAAP net income of $23.2 million. Management raised guidance for the March quarter and set May 11 as its next Analyst Day. CFO Aric McKinnis said margin gains outpaced expectations but warned tariffs continue to weigh on results.
6 February 2026
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Microsoft stock price edges up after Thursday rout, but AI capex worries hang over MSFT

Microsoft stock price edges up after Thursday rout, but AI capex worries hang over MSFT

Microsoft shares rose 0.9% to $397.21 early Friday after a 5% drop the previous day, rebounding amid heavy selling in software stocks. Stifel downgraded Microsoft to “Hold,” slashing its price target to $392 and warning of margin pressures from soaring AI and cloud spending. Investors remain wary as tech giants project over $600 billion in AI projects this year. Microsoft’s recent record AI expenses and slowing cloud growth have fueled volatility.
6 February 2026
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SiTime stock jumps premarket as $3.2 billion Renesas timing deal keeps SITM in play

SiTime stock jumps premarket as $3.2 billion Renesas timing deal keeps SITM in play

SiTime shares rose 3.3% in premarket trading Friday after announcing a $1.5 billion cash-and-stock deal to acquire Renesas’ timing business. The company reported $113.3 million in fourth-quarter revenue, up 66% year-over-year, and issued a positive forecast for the first quarter. SiTime expects the acquired unit to add $300 million in revenue within a year of closing.
6 February 2026
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Stock Market Today

  • Live and Feeder Cattle Futures Drop Sharply Amid Thin Cash Trade and Export Concerns
    May 21, 2026, 8:49 PM EDT. Live cattle futures on the Chicago Mercantile Exchange (CME) fell sharply by up to $5.95 on Thursday amid limited cash transactions, with a few sales reported between $260-$265. Feeder cattle futures faced limit losses, hitting down $9.25, as the online Fed Cattle Exchange reported no sales on 652 heads offered. The CME Feeder Cattle Index declined $1.72 to 370.72. Export sales of beef for 2026 rose slightly to 8,095 metric tons while shipments remained low at 12,263 tons-the third lowest this year. USDA data due Friday is anticipated to show April cattle placements up 3.4% year-on-year but marketings down 9.3%. Wholesale boxed beef prices also weakened, with Choice boxes declining $2.14 to $391.48. The cattle slaughter for the week was 47,733 head below last year.

Latest articles

OpenAI Shares Hype Returns, Still No Ticker in Sight

OpenAI Shares Hype Returns, Still No Ticker in Sight

22 May 2026
OpenAI is preparing to confidentially file for a U.S. IPO, aiming to go public as early as September, sources told Reuters. The move follows a court win against Elon Musk, removing a key legal obstacle. Private-market share prices for OpenAI ranged from $658.94 to $732.38 this month, but no official public price exists. Ordinary investors still cannot buy OpenAI stock on public exchanges.
Estée Lauder Shares Gain as Rumored Deal Fails to Materialize

Estée Lauder Shares Gain as Rumored Deal Fails to Materialize

22 May 2026
Estée Lauder and Spain’s Puig ended merger talks that would have created a $40 billion beauty group. Estée Lauder shares rose about 10% in after-hours trading, closing the regular session at $78.91. The company said it will focus on its turnaround plan and continue reviewing possible acquisitions or divestitures.
WhiteFiber Stock Rips 22% on $160 Million AI Deal. The Test Comes in July

WhiteFiber Stock Rips 22% on $160 Million AI Deal. The Test Comes in July

22 May 2026
WhiteFiber shares jumped 22.2% to $29.55 after announcing a five-year AI compute contract worth over $160 million for a Paris-region deployment using NVIDIA GPU systems. Google Finance showed the stock rising further after hours. The project is backed by planned financing and 12 months of customer prepayments, but funding and execution remain pending. Service is expected to start in July, subject to equipment delivery and acceptance.
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