In this articleBTC.CM=Justin Tallis | Afp | Getty ImagesBitcoin bounced off its recent low on Friday after narrowly avoiding falling below the key $60,000 mark, but some market commentators suggested there's more selling to come.Late on Thursday, the world's biggest cryptocurrency fell below $61,000 and hovered just above the $60,000 mark. As of 4:54 a.m. ET on Friday, Bitcoin was recovering slightly, trading at $66,015. A number of factors have contributed to the bitcoin bear market, which began after bitc ...

Group 1 - Amazon's shares fell over 11% in extended trading after reporting fourth-quarter earnings that missed expectations [1] - The company projected capital expenditures of $200 billion, significantly higher than analysts' estimates of $146.6 billion and up from approximately $131 billion in 2025 [2] - This capital expenditure projection exceeds Alphabet's estimated range of $175 billion to $185 billion, raising concerns among investors about Big Tech's spending on artificial intelligence [3] Group 2 - The tech sector experienced a sell-off, with the Nasdaq Composite dropping 1.59% and the S&P 500 declining 1.23%, influenced by high U.S. layoffs in January [3] - Some analysts, like Dan Ives from Wedbush Securities, believe the market's reaction reflects an exaggerated scenario for the sector, while others see it as a sign of market discernment [4] - Bitcoin briefly fell below $61,000, its lowest level since November 2024, before recovering to $65,208, indicating volatility in the cryptocurrency market [4]

Core Viewpoint - Stellantis expects to incur a financial impact of approximately 22 billion euros ($26 billion) as it restructures its business to expedite the transition to electric and hybrid vehicles [1] Group 1: Financial Impact - The anticipated charges are primarily due to overestimating the pace of the energy transition, which has led to a disconnect with the actual needs and desires of car buyers [1] - The financial impact also reflects the consequences of previous operational inefficiencies, which are being progressively addressed by the new management team [2]

Leadership Transition - Toyota Motor announced that CEO Koji Sato will step down and be replaced by CFO Kenta Kon, marking the second CEO transition in three years [1][2] - The leadership change will take effect on April 1, with Sato becoming vice chairman and chief industry officer [1][2] - Board adjustments are expected in June 2026, with Kon joining as a director and Sato resigning from his board seat [2] Financial Performance - Toyota raised its full-year operating profit forecast by 11.8%, attributing this increase to a weak yen and cost reductions that help mitigate the impact of U.S. tariffs [3] - Following the announcement of the leadership change, shares rose approximately 1.5% [2]

Core Viewpoint - The release of new AI tools by Anthropic has raised concerns in the software sector, leading to a sell-off in software-as-a-service and data provider stocks [1][2]. Group 1: Market Reaction - The S&P 500 Software & Services Index, which includes 140 companies, fell over 4% on Thursday, marking an eight-session losing streak and a year-to-date decline of approximately 20% [2]. - Shares of major companies such as Thomson Reuters, Salesforce, and LegalZoom experienced significant declines during the sell-off, which also affected Asian IT firms like Tata Consultancy Services and Infosys [3]. Group 2: AI Tools Impact - Anthropic's new AI tools are designed to manage complex professional workflows, potentially undermining traditional software business models across various functions, including legal and technology research, customer relationship management, and analytics [2]. - There is a division among analysts and tech executives regarding the long-term impact of these AI tools on the software and data provider industries [3].

Core Viewpoint - Tesla's sales in China have shown modest growth, but the overall demand for its electric vehicles (EVs) appears stagnant amid increasing competition and a broader industry slowdown [1][3]. Sales Performance - Tesla's January deliveries from the Shanghai Gigafactory increased by 9% to 69,129 units compared to 63,238 units in January 2025 [2]. - Despite the rise in deliveries, Tesla's total sales of China-produced EVs fell by 4.8% in 2025, making it one of only two manufacturers in Beijing to report declining annual sales [4]. Competitive Landscape - Tesla ranks third among Chinese EV manufacturers, with BYD leading at 205,518 shipments and Geely in second place with 124,252 units [2]. - The base Model 3 sedan is priced at approximately 235,500 yuan ($33,943), nearly three times the cost of BYD's Seal, which starts at around 79,800 yuan [4]. Pricing Strategies - To remain competitive, Tesla has implemented aggressive pricing strategies, including offering five-year 0% interest loans and seven-year "ultra-low" interest rate loans for orders placed before February 28 [5]. Market Conditions - The overall EV market in China has slowed, with new energy vehicle sales growing by only 1% year-on-year in January, marking the fourth consecutive month of slowing growth [6]. - A 5% tax on new energy vehicle purchases has been reinstated, which may further impact sales [7]. Regulatory Challenges - New regulations from Beijing will ban concealed door handles starting January 1, 2027, requiring all cars sold in the country to have mechanical releases [8]. - This regulation follows incidents where EV occupants could not escape vehicles during fires due to power failures in door-locking mechanisms [9]. - Analysts suggest that while this regulation may pose challenges for Tesla, it is unlikely to significantly impact most other automakers, as they were consulted during the drafting process [10].

Group 1: EU-India Trade Relations - India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, concluding nearly 16 years of negotiations [1] Group 2: U.S.-India Trade Expansion - India is prepared to place orders worth up to $80 billion for Boeing planes, indicating a strong willingness to expand trade with the U.S. [2] - The demand for aircraft alone is nearly $80 billion, and including engines and spare parts, imports from the U.S. could exceed $100 billion [2] - There is potential to procure a minimum of $500 billion worth of goods from the U.S. over the next five years, although no explicit investment commitment was made as part of the trade deal [3] Group 3: Tariff Adjustments - The U.S. will reduce tariffs on Indian goods to 18%, while India will lower duties on U.S. goods to zero, and replace Russian oil with supply from the U.S. and Venezuela [4] - The Indian Prime Minister expressed satisfaction over the reduction in duties, as Indian goods entering the U.S. previously faced tariffs of 50% [4]

Group 1: Amazon's Capital Expenditure Plans - Amazon's stock fell 11% in extended trading due to concerns over its $200 billion capital expenditure plans, which is the highest forecast among major companies [1] - The forecast represents a significant increase from last year's capital expenditures of approximately $131 billion, which was up from about $83 billion the previous year [1] - The planned spending is over $50 billion higher than analysts' expectations, indicating a more aggressive investment strategy [1] Group 2: Industry Spending Trends - Tech companies, including Google and Meta, have announced substantial spending plans on AI infrastructure, with Google planning to spend up to $185 billion and Meta estimating between $115 billion to $135 billion in 2026 [2] - The aggressive spending in the AI sector has been driven by the demand for advanced technology following the release of ChatGPT in late 2022 [2] Group 3: Amazon's Cloud Business Performance - Amazon Web Services (AWS) reported a 24% growth in sales to $35.6 billion, marking the fastest growth in 13 quarters [4] - AWS added nearly 4 gigawatts of computing capacity in 2025 and expects to double that by the end of 2027, indicating a strong demand for its services [5] - CEO Andy Jassy expressed confidence that investments in AI infrastructure will yield strong returns, similar to past successes with AWS [4][6] Group 4: Market Dynamics and Future Outlook - The AI market is evolving into a "barbell" structure, with AI-native labs on one end and enterprises on the other, while the middle consists of enterprises at various stages of AI application development [5] - Jassy suggested that the middle segment of the market could become the largest and most sustainable over time [6]

Group 1: Company Performance - Amazon's shares fell over 11% in extended trading after reporting fourth-quarter earnings that missed expectations [1] - The company's capital expenditure projection for the upcoming year is $200 billion, significantly higher than analysts' estimates of $146.6 billion and up from approximately $131 billion in 2025 [2] Group 2: Market Reaction - The increase in capital expenditures and concerns about AI diminishing the value of software firms led to a tech sell-off, with the Nasdaq Composite dropping 1.59% and the S&P 500 declining 1.23% [3] - The Dow Jones Industrial Average also retreated by 1.2%, reflecting broader market pressures [3]

Core Viewpoint - Amazon's shares fell nearly 11% after announcing a $200 billion capital expenditure plan for 2026, which exceeded analyst expectations by about $50 billion, overshadowing a generally strong fourth quarter of 2025 [1][2] Financial Performance - Revenue for Q4 2025 increased 14% year over year to $213.39 billion, surpassing expectations of $211.33 billion [1] - Earnings per share (GAAP) rose 5% to $1.95, missing the estimate of $1.97 [1] - Operating income increased 18% year over year to $24.97 billion, beating the consensus forecast of $24.77 billion [1] - Amazon Web Services (AWS) revenue grew 23.6% year over year to $35.58 billion, exceeding estimates by approximately $514 million [2] - Operating margin for AWS was 35.03%, better than the consensus estimate of 33.98% despite a decline of 190 basis points year over year [2] Capital Expenditures - Amazon invested approximately $39.5 billion in capital expenditures in Q4 2025, exceeding the consensus estimate of $35 billion [2] - The total capital expenditures for the full year reached $128 billion, with expectations to increase to $200 billion in 2026, significantly higher than the $146.6 billion forecasted by analysts [2] Guidance and Market Reaction - For Q1 2026, Amazon expects net sales to increase by 11% to 15% year over year, projecting between $173.5 billion and $178.5 billion, which beats the consensus of $175.6 billion [2] - However, the expected operating income for Q1 2026 is between $16 billion and $21.5 billion, with a midpoint of $18.75 billion, which is a significant miss against the estimate of $22.18 billion [2] - The market's negative reaction is attributed to concerns over the high capital expenditures not translating into immediate profit increases [1][2]