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Artificial Intelligence 6 February 2026

Amazon stock slides as $200 billion AI spending plan spooks investors

Amazon stock slides as $200 billion AI spending plan spooks investors

Amazon shares fell 6.3% to $208.58 Friday after the company announced $200 billion in 2026 capital spending, up over 50% from last year. The move raised investor concerns about delayed returns from AI investments. Several brokerages cut price targets, citing pressure on free cash flow. The S&P 500 software and services index has lost about $1 trillion in value since January 28.
6 February 2026
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Lumentum stock jumps nearly 8% as AI capex wave lifts optics names into the weekend

Lumentum stock jumps nearly 8% as AI capex wave lifts optics names into the weekend

Lumentum Holdings shares surged 8% to $544.68 Friday after reporting fiscal Q2 revenue of $665.5 million and a backlog topping $400 million for optical circuit switches. The company expects Q3 revenue between $780 million and $830 million. Traders cited strong AI-driven demand but flagged risks if cloud customers pause orders. Lumentum will brief investors at the OFC conference on March 17.
6 February 2026
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Intuit stock rises nearly 2% as ChatGPT apps go live — what INTU investors watch next

Intuit stock rises nearly 2% as ChatGPT apps go live — what INTU investors watch next

Intuit shares rose nearly 2% to $443.45 Friday afternoon after touching $447.92, rebounding with tech stocks following a steep AI-driven selloff. The company announced its apps are now available inside ChatGPT, stressing user data privacy. Investors await Intuit’s quarterly results and outlook on Feb. 26. The S&P 500 software and services index remains down about 13% for the week.
6 February 2026
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Celestica stock jumps as Big Tech AI capex forecasts lift suppliers

Celestica stock jumps as Big Tech AI capex forecasts lift suppliers

Celestica shares jumped 5.9% to $312.31 Friday, tracking gains across AI hardware stocks as investors bet on higher data-center spending by major cloud firms. The company recently expanded U.S. manufacturing for Google’s TPU systems and raised its 2026 revenue target to $17 billion. Fidelity’s FMR LLC disclosed a 6.4% stake in Celestica. Jefferies maintained Broadcom as a “top pick” with a $500 target.
6 February 2026
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Coherent stock jumps on AI optics demand bets as Wall Street lifts price targets

Coherent stock jumps on AI optics demand bets as Wall Street lifts price targets

Coherent shares rose 7.3% to $224.59 Friday after the company issued strong Q3 guidance and analysts raised price targets. Fiscal Q2 revenue reached $1.69 billion with adjusted EPS of $1.29. The company expects Q3 revenue between $1.70 billion and $1.84 billion, and EPS of $1.28 to $1.48. Demand from datacenter optics led growth, while industrial sales remained weaker.
6 February 2026
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Software stocks rebound after eight-day rout as Anthropic’s new Claude and Alphabet AI spend keep nerves high

Software stocks rebound after eight-day rout as Anthropic’s new Claude and Alphabet AI spend keep nerves high

U.S. software stocks rebounded Friday, with the iShares Expanded Tech-Software ETF up 2.4% to $81.59 after steep declines tied to AI-driven volatility. The S&P 500, Nasdaq 100, and Dow ETFs also rose. On Thursday, Anthropic launched its upgraded Claude Opus 4.6 AI model. Alphabet shares fell amid ongoing pressure on SaaS and financial-data firms.
6 February 2026
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ServiceNow stock price slips as Wall Street sorts AI winners from losers

ServiceNow stock price slips as Wall Street sorts AI winners from losers

ServiceNow shares fell 1.3% to $101.25 in late-morning trading Friday, capping a roughly 12% drop for the week. The iShares Expanded Tech-Software ETF slid about 19% over eight sessions, its sharpest decline in nearly six years. Investors shifted away from software stocks amid doubts over AI infrastructure spending. ServiceNow’s annual report was filed Jan. 29; its CEO received 40,014 restricted stock units set to vest Feb. 7.
6 February 2026
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Salesforce stock tries to stabilize after AI “software-mageddon” — Feb. 25 earnings is the next test

Salesforce stock tries to stabilize after AI “software-mageddon” — Feb. 25 earnings is the next test

Salesforce shares rose 0.1% to $190.07 Friday after a volatile week, but remain down 9% since Monday. The S&P 500 software and services index fell 4.6% Thursday, erasing about $1 trillion in market value since Jan. 28. Investors are concerned rapid AI adoption could disrupt traditional software revenue models. Salesforce reports earnings Feb. 25.
6 February 2026
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Wall Street Tech Sell-Off Gets a New Test as Amazon’s $200 Billion AI Spend Plan Bites

Wall Street Tech Sell-Off Gets a New Test as Amazon’s $200 Billion AI Spend Plan Bites

U.S. stocks rebounded Friday, with the Dow up 1.08% and the S&P 500 rising 0.88% by 9:33 a.m. ET, while Amazon shares fell after announcing $200 billion in capital spending. Bitcoin recovered near $68,000 after dropping to $60,000 Thursday. Jobless claims rose, and job openings hit a five-year low. Chip stocks led gains as tech investors weighed heavy AI infrastructure spending.
6 February 2026
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Oracle stock rebounds Friday as tech rout eases, but AI spending jitters linger

Oracle stock rebounds Friday as tech rout eases, but AI spending jitters linger

Oracle shares rose 3.4% to $141.14 Friday morning, rebounding after a 7% drop Thursday amid a tech selloff sparked by Alphabet’s $185 billion capex plans. The IGV ETF gained 2.1%, while QQQ was up 1.3%. Investors remain divided over whether AI-driven spending will boost profits or erode margins. New U.S. macro data next week may further shift market expectations.
6 February 2026
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Palantir stock rebounds after AI rout as Cognizant tie-up lands and Jefferies flags valuation risk

Palantir stock rebounds after AI rout as Cognizant tie-up lands and Jefferies flags valuation risk

Palantir shares rose 3.7% to $134.86 Friday after heavy trading, rebounding from a 6.8% drop Thursday. Jefferies maintained an underperform rating and $70 target, citing valuation concerns. The company reported Q4 revenue up 70% to $1.407 billion and announced a partnership with Cognizant. UK lawmakers called for a review of Palantir’s public-sector contracts.
6 February 2026
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Broadcom stock price jumps nearly 4% as Google’s AI capex plan lifts AVGO

Broadcom stock price jumps nearly 4% as Google’s AI capex plan lifts AVGO

Broadcom shares rose nearly 4% to $322.82 in morning trading Friday as investors returned to chip stocks after a sharp sell-off. Alphabet’s 2026 capital expenditure forecast of up to $185 billion shifted attention to AI infrastructure suppliers. Nvidia and AMD also posted strong gains. Broadcom’s March 4 earnings are now in focus for signals on AI demand.
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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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 bounces in premarket as Amazon’s $200B AI spend stirs the trade; China chip licences in focus

Nvidia stock bounces in premarket as Amazon’s $200B AI spend stirs the trade; China chip licences in focus

Nvidia shares rose 2.7% in premarket trading Friday after the Nasdaq hit a two-month low. Amazon shares dropped 8% premarket following news its 2026 capital expenditures could reach $200 billion. Nvidia’s supply chain pushed back on AI bubble fears, while export policy talks with ByteDance remain unresolved. Investors await Nvidia’s Feb. 25 earnings and key U.S. economic data next week.
6 February 2026
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