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Artificial Intelligence 7 February 2026

Amazon stock slides as $200B AI spending plan meets cautious profit outlook

Amazon stock slides as $200B AI spending plan meets cautious profit outlook

Amazon.com shares were down 9% Friday as investors balked at the company’s warning of some $200 billion in capex planned for 2026, plus a muted profit forecast. If that slide persists, Amazon’s market cap shrinks by about $200 billion. CEO Andy Jassy pointed to AWS’s 24% revenue jump, though that lags behind Azure, up 39%, and Google Cloud, which grew 48%.
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.
Goldman Sachs stock jumps on Anthropic AI-agent report as Dow clears 50,000

Goldman Sachs stock jumps on Anthropic AI-agent report as Dow clears 50,000

Shares of Goldman Sachs climbed Friday, following a report that The Goldman Sachs Group Inc has spent the last six months collaborating with AI startup Anthropic to develop software “agents” aimed at automating a range of internal banking operations. “These autonomous agents are expected to significantly reduce the time required to complete core operational processes,” Chief Information Officer Marco Argenti told CNBC.
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