Today: 2 July 2026

Atlassian stock slides after Q2 results as CEO rejects ‘software is dead’ AI fears

Atlassian stock slides after Q2 results as CEO rejects ‘software is dead’ AI fears

Atlassian shares dropped roughly 6% in after-hours trading Thursday following its latest earnings report. The software firm posted a 23% increase in quarterly revenue, hitting $1.586 billion for the quarter ended Dec. 31. However, free cash flow plunged to $168.5 million, down from $342.6 million a year earlier. The company forecast third-quarter revenue between $1.689 billion and $1.697 billion, projecting around 22% revenue growth for the fiscal year. The move comes amid a wider selloff in software and data-services stocks, rattled by fears that rapidly advancing AI tools might undermine the seat-based subscription model charging per user. The S&P 500 software and services index dropped 3.1% on Thursday, poised to lose around $1 trillion in market value since Jan. 28. ServiceNow and Salesforce were among the latest to take hits, Reuters reported.
5 February 2026
Amazon stock drops after hours as AMZN outlines $200 billion AI spending plan

Amazon stock drops after hours as AMZN outlines $200 billion AI spending plan

New York, Feb 5, 2026, 17:03 EST — After-hours Shares of Amazon.com dropped around 7% in after-hours trading Thursday following the company’s forecast of roughly $200 billion in capital expenditures, covering investments in property and equipment like data centers and chips. The profit guidance also fell short of market expectations.
Dow Jones slides nearly 600 points as AI spending fears hit Wall Street; Amazon sinks after the bell

Dow Jones slides nearly 600 points as AI spending fears hit Wall Street; Amazon sinks after the bell

New York, Feb 5, 2026, 17:13 EST — Trading continues after the close. The Dow Jones Industrial Average dropped 1.20% on Thursday, closing at 48,908.72 and halting a brief rebound as investors offloaded tech-linked and high-growth stocks. The Nasdaq tumbled to its lowest level since November, while Amazon slid further in after-hours trading, highlighting market nerves over major AI investments.
Reddit (RDDT) approves $1 billion buyback after Q4 2025 ad jump, lifts Q1 outlook

Reddit (RDDT) approves $1 billion buyback after Q4 2025 ad jump, lifts Q1 outlook

Reddit projected first-quarter revenue beyond Wall Street estimates and greenlit a $1 billion share repurchase on Thursday, counting on a robust holiday-quarter boost in advertising. The buyback comes from a company that went public in 2024 and is still showing it can convert online buzz into steady revenue. Marketers are cutting budgets in certain spots while demanding ads that produce clear, trackable outcomes.
5 February 2026
Gold price slides as dollar firms and equity selloff forces liquidation; focus turns to U.S.-Iran talks

Gold price slides as dollar firms and equity selloff forces liquidation; focus turns to U.S.-Iran talks

New York, Feb 5, 2026, 17:03 EST — After-hours Gold prices fell Thursday, pressured by a stronger dollar and widespread market selling that forced some investors to trim positions. Spot gold dipped 1.8% to $4,872.83 an ounce by 1:31 p.m. ET, while April futures closed down 1.2% at $4,889.50. Silver took a bigger hit, plunging 12.1% to $77.36 after touching a session low of $72.21 amid the broader precious metals selloff. “Some people are facing margin issues” — broker demands for extra cash to cover losses — and were selling metals because of equity losses, said RJO Futures senior market strategist Bob Haberkorn.
5 February 2026
AI Fears Hit Tech Stocks Again as Bitcoin Sinks and Wall Street Braces for Earnings

AI Fears Hit Tech Stocks Again as Bitcoin Sinks and Wall Street Braces for Earnings

Wall Street plunged Thursday, dragged down by another drop in tech stocks and a sharp bitcoin sell-off that weighed on crypto-related shares. The S&P 500 dropped 1.2%, the Dow tumbled 592 points, and the Nasdaq retreated 1.6%. Bitcoin dipped over 12% below $64,000 briefly after new U.S. job data sent Treasury yields lower. This is catching attention now because the market no longer views the AI surge as a smooth ride but more like a bill coming due. Alphabet announced it plans to spend up to $185 billion in capital expenditure, or capex, in 2026, prompting a sell-off in big tech stocks. Amazon slipped 4.4% during regular trading and took another 10% hit after hours. “We’re seeing volatility about whether this investment will translate into results,” said Tom Hainlin, investment strategist at U.S. Bank Wealth Management. Melissa Brown, SimCorp’s managing director of investment decision research, described the AI trade as “perhaps the extinguisher this year.”
Apple stock price slips after hours as EU gives Maps, Ads a DMA pass and AI spending jitters spread

Apple stock price slips after hours as EU gives Maps, Ads a DMA pass and AI spending jitters spread

New York, February 5, 2026, 16:25 EST — After-hours Apple shares dipped 0.2% to $275.93 in after-hours trading Thursday following EU regulators’ decision not to label the company’s Maps and Ads services as “gatekeepers” under the Digital Markets Act. The bloc pointed to low usage and limited market impact as reasons. Earlier, Apple’s stock fluctuated between $279.41 and $273.32. The company, valued at roughly $4.05 trillion, said, “These services face significant competition in Europe.”
Palantir stock extends two-day slide after hours as AI disruption fears keep traders defensive

Palantir stock extends two-day slide after hours as AI disruption fears keep traders defensive

New York, Feb 5, 2026, 4:26 PM EST — After-hours Palantir Technologies’ stock dropped further in after-hours trading Thursday, deepening a sharp two-day decline. Investors continued unloading shares of software and data companies tied to rapidly evolving artificial intelligence technologies. The share price slipped roughly 1.4% to $130.01 following the market close.
Amazon’s $200B AI spending plan jolts investors after Q4 earnings drop

Amazon’s $200B AI spending plan jolts investors after Q4 earnings drop

Amazon.com expects to spend around $200 billion on capital expenditures in 2026. Its shares dropped nearly 8% in after-hours trading Thursday, after the company’s profit forecast for the first quarter came in below Wall Street expectations. Amazon projected operating income between $16.5 billion and $21.5 billion, falling short of analysts’ $22.04 billion estimate, according to LSEG data compiled by Reuters. Spending size is a key focus as markets grow wary of Big Tech’s AI expenses. U.S. stocks tumbled on Thursday, with the Nasdaq hitting its lowest point since November. Investors are uneasy over the timeline for AI investments to boost earnings.
Tesla stock slides as Volkswagen tops Europe EV sales — what investors are watching next

Tesla stock slides as Volkswagen tops Europe EV sales — what investors are watching next

New York, Feb 5, 2026, 16:03 — After-hours Tesla shares slipped 2.7% to $394.85 in late Thursday trading after new European sales figures showed Volkswagen’s brand surpassing the U.S. automaker in 2025 battery-electric vehicle sales. Volkswagen sold 274,278 BEVs in Europe last year, topping Tesla’s 236,357, according to JATO Dynamics.

Stock Market Today

  • Delta Air Lines ($DAL) Q2 results on deck as shares jump 35% YTD
    July 2, 2026, 9:59 AM EDT. Delta Air Lines ($DAL) is set to report second-quarter earnings July 10. The stock is up almost 35% this year, while traders keep a close eye on fuel costs. Updates on fuel, passenger demand, and the airline's recovery from the pandemic are in focus. Wall Street expects more info on capacity, fares, and how Delta is handling its costs. The upcoming call could move DAL shares as travel stocks see more swings.
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