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NASDAQ:GOOGL 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.”
5 February 2026
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ASX futures slip as Wall Street tech slide deepens and bitcoin cracks $66,000

ASX futures slip as Wall Street tech slide deepens and bitcoin cracks $66,000

Australian share futures dipped on Friday following renewed selling in U.S. tech stocks and a sharp drop in bitcoin overnight. S&P/ASX 200 futures hovered near 8,780, down roughly 1%—a figure that often hints at the cash market’s opening level. The pullback is shaping up as more than a single-day glitch in tech—it’s a broader, chaotic rethink of risk across software and crypto sectors. “It’s been a tough week for investors who were heavily exposed to the parts of the market that led the upside,” said Mona Mahajan at Edward Jones.
5 February 2026
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Dow Jones today: Index slides about 1% as Alphabet capex plan stirs fresh AI jitters

Dow Jones today: Index slides about 1% as Alphabet capex plan stirs fresh AI jitters

New York, Feb 5, 2026, 13:43 EST — Regular session The Dow Jones Industrial Average dropped roughly 1% Thursday, dragged down by fresh selling in mega-cap tech stocks hitting the blue-chip gauge. The Dow slid 502.57 points, or 1.02%, settling at 48,998.73. The S&P 500 and Nasdaq also closed lower.
5 February 2026
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Alphabet’s up to $185 billion AI capex plan hits Wall Street as Nasdaq slides again

Alphabet’s up to $185 billion AI capex plan hits Wall Street as Nasdaq slides again

Wall Street dipped again Thursday, dragged down by tech stocks as worries resurfaced over the costs tied to AI development, with Alphabet and Qualcomm leading the declines. At 9:41 a.m. ET, the Dow was off 0.56%, the S&P 500 had fallen 0.51%, and the Nasdaq slipped 0.50%. Alphabet dropped 2.6%, while Qualcomm plunged about 8%. Melissa Brown from SimCorp called the AI trade “perhaps the extinguisher this year.” Concerns center on capital spending — or “capex” as traders call it — the money firms pump into data centers, chips, and servers to build and operate AI models. Alphabet told investors it plans to spend between $175 billion and $185 billion on capex in 2026. CEO Sundar Pichai said, “We are seeing our AI investments and infrastructure drive revenue and growth across the board.”
5 February 2026
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QQQ Slides Again as Alphabet’s $185B AI Spend Plan Stirs Nasdaq-100 ETF Jitters

QQQ Slides Again as Alphabet’s $185B AI Spend Plan Stirs Nasdaq-100 ETF Jitters

Invesco QQQ Trust, the widely traded Nasdaq-100 ETF, dropped roughly 1.6% Thursday morning, following continued selling pressure in big tech after a steep decline the previous day. The Nasdaq-100 ETF acts as a fast barometer for U.S. growth stocks, often jolting when investors pivot between “risk-on” and “risk-off” stances — moving toward safer holds like cash, bonds, or defensive picks. This week’s action has been propelled by earnings news and fresh arguments about whether AI spending is accelerating too rapidly and excessively.
5 February 2026
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Google’s $185B AI spending plan spooks Nasdaq as software stocks slide again

Google’s $185B AI spending plan spooks Nasdaq as software stocks slide again

U.S. stocks dropped Thursday as Alphabet’s announcement of a steep rise in capital spending sparked fresh concerns over when AI-driven growth will start turning a profit. By 9:41 a.m. ET, the Dow had slipped 0.56%, the S&P 500 lost 0.51%, and the Nasdaq was down 0.50%. Alphabet’s shares tumbled 2.6%. “The AI trade … is perhaps the extinguisher this year,” said Melissa Brown, managing director of investment decision research at SimCorp. https://www.reuters.com/business/sp-nasdaq-futures-subdued-markets-digest-alphabets-ai-spending-plans-2026-02-05/ The market mood flipped quickly this week. Investors who were upbeat on AI headlines are now focused on budgets—and the threat that smarter tools might undercut the pricing power of established software companies.
5 February 2026
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Dow Jones drops nearly 300 points as Alphabet AI spending plan rekindles tech jitters

Dow Jones drops nearly 300 points as Alphabet AI spending plan rekindles tech jitters

New York, February 5, 2026, 10:02 — Regular session The Dow Jones Industrial Average dropped roughly 300 points Thursday morning, dragged lower by Amazon and Microsoft amid renewed concerns about Big Tech spending and demand. The Dow slipped 298 points, or 0.6%, to 49,203. The S&P 500 lost 0.8%, and the Nasdaq fell about 0.9%.
5 February 2026
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US economic calendar today: Jobless claims, JOLTS hit as Wall Street futures steady

US economic calendar today: Jobless claims, JOLTS hit as Wall Street futures steady

New York, Feb 5, 2026, 06:43 ET — Premarket U.S. stock index futures were largely flat early Thursday as traders waited for weekly jobless claims and a delayed report on job openings, and weighed Alphabet's new AI spending plan ahead of Amazon's results later in the day. By 5:16 a.m. ET, Dow E-minis, futures contracts tied to the index, were down 36 points, or 0.07%, while S&P 500 E-minis were up 9 points, or 0.13%, and Nasdaq 100 E-minis were up 78.25 points, or 0.31%. Alphabet fell 2.4% in premarket trading after laying out capital expenditure plans that could nearly double this year, while Qualcomm slid 10.4% and Arm dropped 7%; chip names such as Broadcom rose, and “unforgiving scrutiny over AI capex continues to spook investors,” said Thomas Monteiro, senior analyst at Investing.com.
5 February 2026
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Google’s $185B AI spending plan jolts tech stocks as AMD plunges

Google’s $185B AI spending plan jolts tech stocks as AMD plunges

World stocks dipped Thursday after Alphabet unveiled plans to boost capital spending to as much as $185 billion by 2026. Chipmaker AMD’s 17% drop the day before added to a tech selloff that’s erased nearly $850 billion in market value this month. Craig Inches, head of rates and cash at Royal London Asset Management, described the markets as being at a “delicate stage.” https://www.reuters.com/business/retail-consumer/global-markets-global-markets-2026-02-05/ This pullback is significant as investors have relied heavily on a handful of AI-driven megacaps to prop up key indexes. The focus now shifts to expenses — specifically, how much the expansion of data centers will erode margins before revenue growth catches up.
5 February 2026
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Stock Market Today: S&P 500 futures steady after tech slump as Alphabet AI spending rattles investors

Stock Market Today: S&P 500 futures steady after tech slump as Alphabet AI spending rattles investors

New York, Feb 5, 2026, 05:58 EST — Premarket U.S. stock index futures showed a mixed picture early Thursday following a sharp tech sell-off. Nasdaq 100 futures ticked up 0.13%, while Dow futures fell 0.20%, and S&P 500 futures inched down 0.01%. These contracts trade before the cash market opens and often hint at Wall Street's initial direction.
5 February 2026
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Google’s $185B AI spending shock rattles stocks as Nasdaq slide spreads to Asia

Google’s $185B AI spending shock rattles stocks as Nasdaq slide spreads to Asia

Asian stocks slipped Thursday after Alphabet, Google's parent company, announced a steep rise in capital spending — targeting long-term assets like data centres and chips. The move intensified the tech sell-off that has already weighed on Wall Street this week. MSCI’s broad Asia-Pacific index excluding Japan dropped 1.8%, while South Korea’s KOSPI plunged 3.9% as investors fled tech-heavy markets. https://www.reuters.com/business/retail-consumer/global-markets-global-markets-2026-02-05/ The market mood shifted sharply. Investors piled into major U.S. tech stocks ahead of earnings, expecting strong sales and optimistic guidance. But the soaring costs tied to artificial intelligence are now prompting closer scrutiny of cash flow and returns. “That increase in capex was absolutely enormous,” noted Tony Sycamore, an analyst at IG.
5 February 2026
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Bitcoin breaks below $71,000 as AI tech rout drags down crypto markets

Bitcoin breaks below $71,000 as AI tech rout drags down crypto markets

Bitcoin dipped under $71,000 on Thursday amid a widening tech selloff that pushed traders to shed risk across the board. The token dropped to $70,160, its lowest since November 2024, as investors shied away from soaring AI costs and offloaded crowded trades. Alphabet, Google's parent company, forecasted capital expenditures between $175 billion and $185 billion this year. Meanwhile, chipmaker Advanced Micro Devices plunged 17%, contributing to a tech sell-off that has erased roughly $830 billion in market value since Jan. 28, according to Reuters. “That increase in capex was absolutely enormous,” said IG analyst Tony Sycamore.
5 February 2026
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Stock Market Today

  • Coca-Cola Europacific Partners Starts Last €500mn Buyback Move
    July 4, 2026, 11:52 AM EDT. Coca-Cola Europacific Partners (CCEP) has started the last €500 million tranche of its €1 billion share buyback, set to begin on July 6, 2026. The company plans to cancel up to about 42.3 million shares it buys, cutting the number of shares in circulation. Goldman Sachs will handle the buyback on U.S. and European exchanges. CCEP says the move keeps it in line with its AGM approvals and current rules. The stock trades in Amsterdam, on Nasdaq, in London, and on Spanish markets. Market value is $47.25 billion, with average volume at 1.88 million shares. The latest analyst call on CCEP is a Buy with a $109 target.
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