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NASDAQ:AMZN 6 February 2026

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

After a tough week for tech stocks, Wall Street’s key indexes bounced back on Friday, though Amazon took a hit as investors absorbed another surge in Big Tech’s AI spending. By 9:33 a.m. ET, the Dow had climbed 1.08%, the S&P 500 rose 0.88%, and the Nasdaq added 0.77%. Kristina Hooper, chief market strategist at Man Group, noted that investors are now entering “a period of greater discernment” when it comes to AI bets.
Amazon stock slides on $200 billion AI capex plan as Nvidia and other AI stocks split

Amazon stock slides on $200 billion AI capex plan as Nvidia and other AI stocks split

Amazon.com shares dropped roughly 9% on Friday after revealing a $200 billion capital expenditure plan for 2026, intensifying investor concerns about Big Tech’s AI investments delivering quick returns. Analysts at MoffettNathanson described the size of the spending as “materially greater than consensus expected.”
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 Jones Industrial Average climbed 687.55 points, or 1.41%, to 49,596.27 by 9:55 a.m. ET Friday, clawing back some losses after a tech-driven selloff shook U.S. equities this week. Amazon slipped roughly 8.7%, while Nvidia surged over 5%.
US Stock Market Forecast 2026: AI Spending Shock Keeps S&P 500, Nasdaq on Edge Before Key Data

US Stock Market Forecast 2026: AI Spending Shock Keeps S&P 500, Nasdaq on Edge Before Key Data

U.S. stock index futures rose ahead of Friday’s open as traders tried to steady after a bruising week for tech, while Amazon sank in early trading on another jolt to the AI spending story. At 7 a.m. ET, Dow e-minis were up 0.57%, S&P 500 e-minis gained 0.66% and Nasdaq 100 e-minis rose 0.83%; Amazon slid 7.2% after flagging a more than 50% jump in capital spending this year. “Sentiment toward the Mag 7 complex has deteriorated sharply,” Pepperstone’s Chris Weston said, while Direxion’s Ryan Lee warned there was “little tolerance for capex without accompanying monetization.”
6 February 2026
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