Today: 30 June 2026

Amazon’s $200B AI Spending Jolt Spurs Stock Selloff as Big Tech Capex Nears $650B

Amazon’s $200B AI Spending Jolt Spurs Stock Selloff as Big Tech Capex Nears $650B

Amazon.com shares slipped Friday, with investors uneasy after the company unveiled a roughly $200 billion push to beef up its artificial intelligence infrastructure. The hefty price tag behind Amazon’s AI ambitions raised fresh doubts for some shareholders. Amazon, Alphabet, Microsoft and Meta have now committed over $630 billion in capex—spending that covers everything from servers and chips to sprawling data centers, and most of it is getting funneled into AI projects. Morgan Stanley analysts point out that investors aren’t cutting tech giants any slack for these hefty outlays unless there’s a visible path to strong returns on invested capital. https://www.reuters.com/business/retail-consumer/big-techs-quarter-four-charts-ai-splurge-cloud-growth-2026-02-06/
7 February 2026
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Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

Nvidia rallied 7.8% Friday, pushing chipmakers higher and sending the Dow Jones Industrial Average past 50,000 for the first time. The PHLX semiconductor index tacked on 5.7%. Advanced Micro Devices jumped 8.3%, Broadcom added 7.1%. Amazon, meanwhile, slid 5.6% after issuing a cautious spending outlook. “There’s enough evidence that there’s real demand for AI products,” said Ross Mayfield, investment strategy analyst at Baird. Investors are grappling with how to factor in a $600 billion artificial intelligence investment push planned by major tech players for 2026—a move that's started rattling shareholders in the cloud and software sectors. According to Reuters, the S&P 500 software and services index has shed nearly $1 trillion in value since Jan. 28. “It’s not that the trade is over, but it got too pricey,” said Andrew Wells, chief investment officer at SanJac Alpha.
7 February 2026
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City Developments Limited stock: $709 million land bid puts CDL share price in focus for Monday

City Developments Limited stock: $709 million land bid puts CDL share price in focus for Monday

Singapore, Feb 7, 2026, 15:34 SGT — The market has closed. City Developments Limited is set for a fresh spark next week, as a CDL-led consortium put in the highest offer—S$709.25 million—for the Government Land Sale site at Tanjong Rhu Road. That works out to roughly S$1,455 per square foot per plot ratio, coming in above bids from teams linked to Sunway MCL, Sim Lian, and GuocoLand. Shares in CDL ended Friday down 0.6% at S$9.57.
7 February 2026
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iFAST share price drops 3% as markets shut; earnings next week in focus

iFAST share price drops 3% as markets shut; earnings next week in focus

Singapore, Feb 7, 2026, 15:27 SGT — The session ended with markets closed. iFAST Corp dropped 3.2% to close at S$9.64 on Friday, with roughly 2.6 million shares changing hands. The digital wealth manager, listed in Singapore, saw its stock move between S$9.62 and S$9.90 during the session. It's now sitting about 13% off the 52-week high of S$11.06, company figures indicate.
7 February 2026
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CapitaLand Investment share price jumps as CapitaLand REIT payouts roll in — what’s next for 9CI

CapitaLand Investment share price jumps as CapitaLand REIT payouts roll in — what’s next for 9CI

Singapore, Feb 7, 2026, 15:08 — The market has closed. • CapitaLand Investment shares topped the Singapore market in the final session ahead of the weekend.• Sentiment got a push from new full-year distribution numbers at CapitaLand Integrated Commercial Trust and Ascendas REIT.• For next week’s earnings, investors are still watching China exposure and currency moves as major variables.
7 February 2026
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Keppel stock holds near 12-year high after profit jump, special dividend; buyback adds support

Keppel stock holds near 12-year high after profit jump, special dividend; buyback adds support

Singapore, February 7, 2026, 15:11 SGT — Market closed. Keppel Ltd closed out Friday at S$11.64, ticking up 0.17%. With the weekend break in play, traders are watching to see if momentum from its results sticks when trading resumes. According to a filing, Keppel repurchased 151,400 shares on Feb. 6, paying between S$11.38 and S$11.55 a share, for a total outlay of about S$1.74 million with costs factored in.
7 February 2026
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Stock Market Today

  • Circle Drops 15% After Open USD Stablecoin Reveal, Revenue Model in Focus
    June 30, 2026, 1:44 PM EDT. Circle Internet Group (NYSE:CRCL) dropped 15% to $64.55 after news hit about Open USD, a stablecoin from a group including Visa, Mastercard and Coinbase. Open USD brings free minting and redemption, no caps on volume, and a plan to split reserve earnings with partners-unlike Circle's USDC. The change put pressure on Circle's valuation, at about 23 cents for every USDC issued, with investors eyeing how reserve income gets distributed. BNY Mellon (NYSE:BNY) added more USDC custody, showing steady institutional demand but also more rivals in the space. Stablecoin issuers slid while payment networks and ETFs traded up. Circle logged $694 million in revenue and reserve income for Q1, with high costs keeping investors alert to shifts in stablecoin economics.
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