Market Overview - US stock futures showed stability after a two-day tech sell-off, with S&P 500 futures up 0.1% and Nasdaq 100 futures up 0.3% as investors awaited Amazon's earnings and assessed Alphabet's AI spending plans [1][3] - The tech sector experienced a significant decline, with nearly $1 trillion wiped off the value of software stocks tracked in an iShares ETF over the past week [2][7] Company Earnings and Forecasts - Alphabet announced a substantial increase in AI investment, projecting up to $185 billion, which led to a decline in its shares [3] - Amazon's AWS cloud unit is expected to report a 21% increase in sales in its upcoming quarterly report [3] - Snap reported a strong fourth quarter with revenue of $1.71 billion, exceeding Wall Street estimates of $1.7 billion, and earnings per share of $0.03 [12][16] - E.l.f. Beauty raised its full-year 2026 sales outlook to between $1.6 billion and $1.61 billion, up from a previous range of $1.55 billion to $1.57 billion, and reported a 38% increase in net sales to $489.5 million [14][16] - Qualcomm's stock fell around 11% after reporting a revenue increase of 5% year over year to $12.3 billion, but provided a dim outlook for the second quarter due to a memory chip shortage [26][28] Market Sentiment and Trends - The recent tech sell-off was driven by concerns over AI potentially disrupting existing business models, rather than fears of a bubble [8][9] - Silver prices plunged by as much as 17%, erasing previous gains, as market sentiment turned negative across various asset classes [4][22] - Bitcoin fell significantly after Treasury Secretary Scott Bessent ruled out a government bailout for the cryptocurrency, with prices nearing the critical $70,000 level [5][11] Capital Expenditure and Partnerships - Alphabet's forecast for capital expenditures in 2026 reached $180 billion, positively impacting partners like Broadcom, which saw its stock rise by 5% [20][21] - Oracle also increased its capital expenditure forecast to around $50 billion, indicating a broader trend among tech companies investing heavily in AI infrastructure [21]

Market Overview - US stock futures declined, with S&P 500 futures down approximately 0.3% and Nasdaq 100 futures down 0.4%, as investors awaited Amazon's earnings and assessed Alphabet's AI spending plans [1][3] - The market is attempting to recover from a significant tech sell-off, with concerns about AI disruption affecting software stocks [2] Corporate Earnings and Forecasts - Alphabet plans to increase its AI investment to as high as $185 billion, which negatively impacted its stock price [3] - Amazon's quarterly report is anticipated, particularly focusing on its AWS cloud unit, which is expected to see a 21% increase in sales [3] - Qualcomm reported a 5% year-over-year revenue increase to $12.3 billion and earnings per share of $2.78, but its forecast for the second quarter is lower than expected due to a memory chip shortage [26][27] - Estée Lauder's shares fell 10% despite beating earnings estimates, as tariff concerns overshadowed strong Q2 results [6] - Snap reported a strong fourth quarter with revenue of $1.71 billion, exceeding Wall Street estimates, leading to a 6% increase in its stock [12][16] - E.l.f. Beauty raised its full-year sales outlook to $1.6 billion to $1.61 billion and reported better-than-expected earnings per share of $0.65 [14][16] Market Reactions - Silver prices plunged by as much as 17%, erasing previous gains, as market sentiment turned negative across various asset classes [4][21] - Bitcoin fell below $70,000 after Treasury Secretary Scott Bessent ruled out a government bailout for cryptocurrencies, leading to a crisis of confidence in the crypto market [5][11] - Broadcom's stock rose 5% following Alphabet's announcement of increased capital expenditures, which exceeded analysts' expectations [19][20] - Baidu's US-listed shares increased by 5% after announcing a $5 billion stock buyback program and its first dividend issuance [8]

Core Insights - The surge in questions regarding the future of artificial intelligence (AI) reflects investor concerns about the ability of companies to recover their substantial investments in AI [1] Financial Performance - Alphabet reported fourth-quarter revenue of $113.8 billion, an 18% increase year over year, with a 31% rise in diluted earnings per share (EPS) to $2.82 [3][4] - The operating margin remained steady at 32%, indicating strong profitability [3] Advertising Revenue - Google search and advertising remain the primary revenue sources for Alphabet, with search revenue increasing by 17% year over year, while YouTube's growth was about 9% [5] - Overall, Google ad revenue grew by 14%, alleviating investor concerns regarding potential revenue loss due to AI [5] Cloud Services Growth - Google Cloud revenue surged to $17.7 billion, reflecting a 48% increase, which is an acceleration from the 34% growth seen in the previous quarter [6] - This growth outpaced Microsoft's Azure Cloud growth of 39%, indicating Alphabet's competitive position in the cloud market [6] - Operating margins for Google Cloud improved to 30.1%, up from 23.7% in Q3, demonstrating enhanced profitability [7] AI Strategy and User Engagement - Alphabet reported selling over 8 million paid seats of Gemini Enterprise, with the Gemini app now boasting over 750 million monthly active users [8] - There has been a significant increase in user engagement since the release of Gemini 3, highlighting strong demand for cloud and AI services [8] Future Investment Plans - Alphabet plans to significantly increase its investment in cloud and AI, expecting to double its capital expenditures to between $175 billion and $180 billion by 2026, up from approximately $91 billion last year [9]

Core Viewpoint - The earnings reports from major companies, particularly Alphabet, are influencing market dynamics, with a focus on capital expenditures and AI integration impacting investor sentiment [2][4][22]. Market Overview - The trading day saw significant volatility, with the Nasdaq dropping as much as 2.5% and the S&P 500 down 1.1% at one point, but closing with the S&P down only 35 points (0.5%) and the Nasdaq down 350 points (1.5%) [5][6]. - The Dow Jones Industrial Average experienced a gain of over 200 points (0.5%), while the Russell 2000 finished down by approximately 0.9% [6]. Company Earnings Highlights - Alphabet's stock fluctuated, showing a decline of over 3% at its lows and down about 2% heading into earnings [2]. - Alphabet's capital expenditures (CapEx) for 2026 are projected between $175 billion to $185 billion, significantly higher than the previous estimate of $119.5 billion [12][15]. - Fourth-quarter revenue for Alphabet was reported at $13.83 billion, exceeding estimates of just above $11 billion, while operating income was slightly below expectations at $35.9 billion [12][13]. - Google Cloud revenue for the fourth quarter was reported at $6 billion, surpassing the estimate of $6.2 billion [13]. Sector Performance - The technology sector, particularly big tech, faced downward pressure, with a decline of about 1.9% [8]. - Energy stocks performed well, increasing by over 2%, while materials, real estate, and healthcare sectors also showed positive performance [8]. Notable Company Performers - Super Micro reported a strong outlook, with shares up nearly 14% due to robust demand for data center equipment [9]. - Eli Lilly was another top performer, gaining 10% after providing an optimistic sales forecast for the year [10]. Investor Sentiment and Future Outlook - Analysts have not issued any sell ratings on Alphabet, indicating a generally positive outlook despite the stock's recent performance [4]. - The integration of AI tools like Gemini is expected to drive future growth, with monthly active users reported at 750 million [16][24]. - CEO Sundar Pichai emphasized that investments in AI and infrastructure are expected to drive revenue growth across Alphabet's services [22].

人民财讯2月5日电，美股三大指数收盘涨跌不一，道指涨0.53%，纳指跌1.51%，标普500指数跌 0.51%，热门科技股普遍下跌，AMD跌超17%，英伟达、特斯拉、Meta跌超3%，谷歌、亚马逊跌超 2%，苹果涨超2%。存储概念股跌幅居前，闪迪跌近16%，美光科技跌超9%，西部数据跌超7%；热门 中概股普跌，纳斯达克中国金龙指数收跌1.95%，哔哩哔哩跌超6%，百度跌超4%，阿里巴巴、蔚来、 小鹏汽车跌超2%。 转自：证券时报 ...

谷歌母公司Alphabet周三表示，今年资本支出可能翻倍。在该公司加大投资以在人工智能角逐中保持领 先之际，这是其又一次激进的支出扩张。Alphabet股价在盘后交易中波动剧烈--先下跌6%后收复失地， 投资者权衡支出激增与营收和获利均飙升的影响。该公司第四季营收和获利均超出预期。该公司表示， 今年资本支出目标为1,750亿至1,850亿美元，远超分析师平均预期的1,152.6亿美元 。首席执行官皮查伊 (Sundar Pichai)在一份声明中表示，Alphabet上调支出预期"旨在满足客户需求，并把握我们面前日益增 长的机遇"。他补充道："我们看到人工智能投资和基础设施正在全面推动营收和增长。"该公司2025年 支出达914.5亿美元，主要用于服务器、数据中心及网络设备等AI基础设施建设。这与其预期的910亿至 930亿美元总支出规模相当。谷歌云业务的增长助力其股价缩减跌幅。 该部门第四季营收增长48%至 177亿美元，远超分析师平均预期的35.2%增幅。 来源：滚动播报 ...

I am bullish on Alphabet Inc. aka Google ( GOOGL , GOOG ), ( GOOG:CA ) but to be honest, I was a little apprehensive about Q4. Not because I thought the company would perform poorly, but becauseEquity Research Analyst with a broad career in the financial market, covered both Brazilian and global stocks. As a value investor, my analysis is primarily fundamental, focusing on identifying undervalued stocks with growth potential. Feel free to reach out for collaborations or to connect!Analyst’s Disclosure: I/we ...

美股科技股突遭猛烈抛售。 隔夜美股市场，科技股全线重挫，纳指盘中一度大跌超2%，芯片股集体大跌，费城半导体指数一度暴跌超6%， AI算力芯片公司AMD暴跌超17%，"存储四巨头"集体大跌，闪迪暴跌超15%，美光科技跌超9%。另外，AI应用股 AppLovin、Palantir均跌超10%。 有分析指出，AMD的财报指引不及分析师的高预期是芯片股大跌的"导火索"。另外，软件板块掀起的抛售持续蔓 延加剧了市场担忧情绪。对此，英伟达公司首席执行官黄仁勋公开表示；"难以理解，软件产品是工具，人工智能 （AI）会使用这些工具，而不是重新发明它们。" 美股盘后，科技巨头谷歌的母公司Alphabet披露的财报显示，公司2026年资本支出将达到惊人的1750亿美元至 1850亿美元，大超市场预期。受财报影响，其股价盘后剧烈波动，截至发稿，跌超1%。 科技股全线重挫 美东时间2月4日，美股开盘后，三大指数明显分化，资金迅速从前期强势的科技板块撤出，纳指跌幅一度扩大至 2.45%，芯片股指数一度大跌超6%，道指则逆势走高，截至收盘，纳指跌1.51%，标普500指数跌0.51%，道指涨 0.53%。 美股大型科技股多数下挫，英伟达 ...

分组1 - Alphabet reported quarterly earnings of $2.82 per share, exceeding the Zacks Consensus Estimate of $2.57 per share, and up from $2.15 per share a year ago, representing an earnings surprise of +9.73% [1] - The company posted revenues of $97.23 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.58%, and up from $81.62 billion year-over-year [2] - Alphabet has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] 分组2 - The stock has gained approximately 8.5% since the beginning of the year, outperforming the S&P 500's gain of 1.1% [3] - The current consensus EPS estimate for the upcoming quarter is $2.51 on revenues of $88.66 billion, and for the current fiscal year, it is $11.06 on revenues of $397.39 billion [7] - The Zacks Industry Rank places the Internet - Services sector in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8]

分组1 - Alphabet Inc. reported quarterly earnings of $2.82 per share, exceeding the Zacks Consensus Estimate of $2.57 per share, and up from $2.15 per share a year ago, representing an earnings surprise of +9.73% [1] - The company achieved revenues of $97.23 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.58%, and an increase from $81.62 billion year-over-year [2] - Alphabet has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] 分组2 - The stock has gained approximately 8.6% since the beginning of the year, outperforming the S&P 500's gain of 1.1% [3] - The current consensus EPS estimate for the upcoming quarter is $2.51 on revenues of $88.66 billion, and for the current fiscal year, it is $11.06 on revenues of $403.01 billion [7] - The Zacks Industry Rank places the Internet - Services sector in the bottom 36% of over 250 Zacks industries, which may impact stock performance [8]