Group 1 - Jim Cramer defended Amazon.com Inc, acknowledging a fundamental shift in the market's relationship with mega-cap technology stocks [1][2] - Amazon reported fourth-quarter net sales of $213.39 billion, exceeding Wall Street expectations of $211.30 billion, but a $200 billion capital expenditure plan for 2026 caused investor concern [2][3] - Cramer highlighted Alphabet as a top pick among technology stocks, noting its increased capital spending forecast of $175 billion to $185 billion for 2026, indicating strong demand for AI infrastructure [3] Group 2 - As of Friday, Alphabet shares were down 3.09% at $321.00, while Amazon shares were down 8.34% at $204.12 [4]

Group 1 - The market is experiencing significant volatility in the tech sector due to concerns over the return on capital investments in artificial intelligence (AI), with major companies like Microsoft, Nvidia, Amazon, Alphabet, Meta, and Oracle losing a total of approximately $1.35 trillion in market value [1] - Global tech giants are projected to invest around $660 billion in AI-related infrastructure this year, surpassing the GDP of several medium-sized economies, raising investor concerns about potential inefficiencies and overcapacity risks [1] - The sentiment in the market is shifting from a fear of missing out on the AI wave to a focus on evaluating the efficiency of capital expenditures, as highlighted by GAM Investments' Paul Markham [1] Group 2 - Amazon has announced an aggressive capital expenditure plan of $200 billion, representing a 56% year-over-year increase, which is the highest among major cloud service providers, but has raised investor concerns about short-term return visibility [4] - In contrast to Amazon, Apple has adopted a more cautious approach to AI capital spending, which has been positively received by the market, with its stock price increasing by 7% due to strong demand for the iPhone [4] - The market is undergoing a systematic reassessment of high capital expenditure models, with expectations that stock prices of related companies will continue to experience volatility and pressure as doubts about the sustainability and return paths of AI investments deepen [5]

Market Overview - Stocks are showing signs of gains to close out a volatile week, with Wall Street experiencing its worst selloff in months due to AI concerns leading to a rotation out of tech [1] - Nearly $1 trillion in market value was wiped out by the software selloff, affecting major companies in the sector [4] - The State Street Technology ETF is on track for its worst week since April, while the IGV ETF tracking software is having its worst week since 2008, down about 12% [2][10] Company-Specific Insights - Amazon plans to invest $200 billion in AI this year, primarily for its Amazon Web Services (AWS) cloud unit, which CEO Andy Jassy describes as an "extraordinarily unusual opportunity" [2][24] - Amazon's revenue outlook fell below Wall Street expectations, contributing to a decline in its stock price amid fears of AI disruption [24] - The growth rate for AWS has increased from mid-teens to nearly mid-20% over the last three quarters, indicating a positive return on investment in that segment [29] Industry Trends - Concerns over AI disruption have led to significant pressure on software companies like ServiceNow, Salesforce, and Microsoft, with investors questioning which businesses will be affected and to what extent [5][6][12] - The broader tech market is not far from all-time highs, but there has been considerable damage to high beta momentum stocks, which have seen a reversal in performance [8][9] - Investors are becoming more discerning about future returns, especially as companies transition from capital-light to more capital-intensive operations [16] Economic Indicators - Manufacturing activity has expanded at the fastest pace in over three years, suggesting a potential turn in the industrial cycle after a prolonged period of stagnation [19] - The dollar has fallen about 9% in the last year, with investors shifting risk hedging strategies away from the US, indicating a change in how risk is perceived [50][51]

Amazon.com Inc (NASDAQ:AMZN) reported a fourth-quarter earnings miss after yesterday's close and predicted $200 billion in capital expenditures for 2026 -- an over 50% increase from last year -- amid plans to "aggressively invest" in AI. In response, D.A. Davidson downgraded shares to "neutral" from "buy," while no fewer than 15 firms slashed their price objectives.AMZN is down 9.1% to trade at $202.51, and earlier gapped to its lowest level since May. The equity is eyeing its fourth-straight loss, with its ...

Core Viewpoint - Amazon's fourth quarter financial results were described as "healthy," but the high capital expenditure (Capex) guidance has triggered a "prove it mode" for investors, indicating a need for tangible returns before regaining confidence [1][2]. Financial Performance - Amazon's quarterly results were characterized as "solid," with positive guidance noted by analysts [2][3]. - The company is expected to experience slight cash burn due to aggressive Capex plans, estimated at $200 billion, which positions 2026 as an "AI investment year" [3][4]. Growth Opportunities - Analysts identified several areas for margin improvement for Amazon, including fulfillment, AWS, and advertising [2]. - Strong demand for AWS and AI products is seen as potentially undervalued by investors, with AWS doubling its capacity relative to 2022 and projected to double again by 2027 [2][6]. Market Position - AWS is recognized as a key growth driver, with accelerating demand for cloud and AI products, and Amazon is expected to continue gaining market share due to strong relationships and technology [3][6]. - Amazon's strategy integrates its cloud computing and eCommerce operations, aligning with long-term plans for AI and commerce [4][5]. Stock Performance - Amazon's stock has decreased by 9.3% to $201.98, with a year-to-date decline of 10.9% in 2026 [6].

Imagine a number, then triple it. You know, that's where I'm at right now. I just can't get my head around an old mandate.How are these companies going to spend $650 billion this year. What aren't. Yeah.Look, I mean, I think everyone highlighted supply constraints and the fact that they didn't have enough capacity, otherwise they would have grown faster. So that sort of justifies the increase in CapEx. But you're right, I think the kind of increases we are seeing, probably Google is the only one who has ear ...

Welcome back. A busy week for the markets. Let's get right to our panel.Matt Mey is the chief market strategist at Miller Tayback. Barbara Durant is the chief investment officer at BD8 Capital Partners. And Raj Patel is the global macro macro strategist at Vanda Research.It's great to have you all here. Of course, I got to start with the markets. Um, obviously it's been a topsyturvy week.You got a VIX at 20 right now, which is actually off the highs of the week. But Matt Mey, I mean, you've seen a number of ...

亚马逊(AMZN.US)一度跌超10%，为2024年8月以来最大跌幅，股价跌至200.31美元，创2025年5月以来 新低。主要受市场对其高达2000亿美元资本支出计划的担忧拖累。这是所有大型科技公司中最高的支出 规模，相比亚马逊去年的资本开支大幅上调50%，比分析师预期高出逾500亿美元。 在回应市场担忧时，亚马逊CEO安迪·贾西表示，他对公司云业务实现"强劲的投资回报率"充满信心， 但并未给出明确时间表。贾西回应称，公司之所以需要如此规模的资本投入，是为了满足对亚马逊AI 算力极其旺盛的需求，这需要大量数据中心、芯片和网络设备等基础设施。"这并不是什么盲目追求营 收规模的豪赌，"贾西表示，"我们有信心这些投资将带来强劲的资本回报。这一点在AWS核心业务上 已经得到验证，相信在AI领域也会如此。"贾西说，"如果算力供给更充足，AWS的增长本可以更快。 因此我们正在非常灵活、非常拼命地扩张产能。" ...

Market Overview - The U.S. stock market indices experienced a significant rebound, with all three major indices rising over 1% as of February 6, 22:50 Beijing time, indicating a recovery from previous sell-offs in AI stocks [1][2] - Major technology stocks saw substantial gains, with Nvidia up 5.6%, AMD up 7%, and Broadcom up 5.1%, driven by renewed interest in AI infrastructure following Amazon's announcement of a $200 billion capital expenditure plan [1][2] Precious Metals - The precious metals market also saw a strong recovery, with spot gold rising 3.39% to $4,939.35 per ounce and spot silver increasing 7.22% to $76.02 per ounce as of the same time [2][3] - Morgan Stanley's report suggests that the long-term bullish trend for gold remains intact, supported by a weak dollar environment, as long as the dollar index stays below 100 [3] Geopolitical Developments - Recent negotiations between Iran and the U.S. in Muscat, Oman, have concluded temporarily, with both sides agreeing to continue discussions, which may impact market sentiment and geopolitical stability [4][5] - The situation remains tense, with Iran expressing readiness to respond to any military actions, particularly in light of increased U.S. military presence in the region [5]

格隆汇2月6日｜罗思资本(ROTH MKM)将亚马逊(AMZN.US)目标价从295美元下调至285美元。 ...