Core Insights - The AI industry is heavily investing in data centers, with the belief that the company with the most compute power will dominate the market in the future [1][6] Company Projections - Amazon projects $200 billion in capital expenditures through 2026, a significant increase from $131.8 billion in 2025, with investments in AI, chips, robotics, and satellites [3] - Google anticipates capital expenditures between $175 billion and $185 billion for 2026, up from $91.4 billion the previous year, indicating a substantial increase in fixed asset spending [4] - Meta forecasts $115 to $135 billion in capex for 2026, while Oracle projects $50 billion, and Microsoft’s recent quarterly figure suggests a potential $150 billion if trends continue [5] Investor Sentiment - Despite the high capital expenditures, investor confidence is wavering, with stock prices of these companies dropping as they commit hundreds of billions to AI [6][10] - The pressure is not only on companies like Meta, which are still developing their AI strategies, but also on established players like Microsoft and Amazon, as the overall spending levels are causing investor discomfort [7] Industry Dynamics - The tech industry views high-end compute as a critical resource for future survival, leading to aggressive spending strategies among major companies [6] - There is a growing concern that big tech firms will need to manage perceptions of their AI investments to maintain investor confidence, despite the belief in AI's transformative potential [10]

Core Insights - Qualcomm reported record revenues and earnings per share for the first quarter, with strong performance in automotive and IoT sectors, but guidance for the next quarter fell short of consensus due to memory constraints affecting the handset business [1][4] - The company anticipates that memory tightness will be a short-term issue, primarily impacting lower-tier handsets, while demand for high-tier handsets remains stable [1][2] - Qualcomm is optimistic about its automotive and IoT growth, with automotive revenues expected to grow over 35% year-over-year and IoT in the low teens [1][2] Handset Business - The handset business is facing challenges due to memory supply constraints, which have been redirected to data center needs, impacting Qualcomm's customers [1][3] - Despite the constraints, demand for handsets remains strong, particularly in the premium and high-tier segments where Qualcomm has a competitive advantage [1][2] - Analysts predict a decline of approximately 20% sequentially and 13-15% year-over-year in handset revenues, with expectations of continued weakness over the next six to eight quarters [2][3] Automotive and IoT Sectors - Qualcomm's automotive business is thriving, with significant partnerships across various OEMs, and the company is becoming a leader in Advanced Driver Assistance Systems (ADAS) [2] - The company is also leveraging its technology for robotics, indicating a strong future market potential [2] - In the IoT space, Qualcomm is focusing on personal AI devices, which are expected to transform consumer experiences and create new market opportunities [2] Financial Performance - Qualcomm's first quarter results included an EPS of $3.50 and revenue of $12.3 billion, both exceeding estimates [4] - The outlook for the next quarter is projected between $10.2 billion and $11 billion, below the previous estimate of $11.18 billion, primarily due to memory shortages [4] - The company aims to diversify its revenue streams, with expectations that non-handset revenue will grow to at least 50% within the next two to three years [3]

Market Overview - U.S. equities faced a challenging day on February 5, 2026, with significant sell-offs in technology stocks and negative job market reports impacting investor sentiment [1] - The S&P 500 fell 1.2% to close at 6,798.40, marking its sixth decline in seven trading days since reaching an all-time high [2] - The Nasdaq Composite dropped 1.6% to 22,540.59, while the Dow Jones Industrial Average decreased by 1.2% to 48,908.72 [2] - Bitcoin prices fell below $64,000, reaching their lowest level since October 2024, further exacerbating the downturn [2] Major Market Movers and Corporate News - Alphabet (GOOGL) saw a decline of 0.8% despite stronger-than-expected sales, as investors were concerned about projected capital expenditures for AI infrastructure, estimated at $175 billion to $185 billion for 2026, nearly double the $91.45 billion spent in 2025 [3] - Qualcomm (QCOM) experienced an 8.5% drop due to a disappointing outlook, citing a tightening global memory shortage affecting the smartphone market [4] - Advanced Micro Devices (AMD) fell sharply by 17.3% on a weak outlook, contributing to the semiconductor sector's struggles [4] - Uber Technologies (UBER) declined by 5.2% after missing earnings expectations, while Amgen (AMGN) surged 8.2% on positive earnings results [5] - Eli Lilly (LLY) jumped 10.3% due to strong sales of its drugs, and McKesson (MCK) soared 16.5% after exceeding profit and revenue expectations [5] - Peloton Interactive (PTON) plummeted 28% after reporting weaker-than-expected results, while Estee Lauder (EL) and Snap (SNAP) retreated by 19% and 12%, respectively [6] Job Market Developments - Amazon (AMZN) announced plans to cut approximately 16,000 corporate roles, while UPS revealed 30,000 job cuts [7] - Dow (DOW) reduced its workforce by 4,500 jobs, with Home Depot (HD) and Nike (NKE) also making cuts [7] Economic Indicators - Initial jobless claims for the week ending January 31 rose to 231,000, exceeding economists' estimates [9] - U.S. employers announced over 108,000 layoffs in January, the highest for that month since 2009, with job openings falling to 6.5 million in December, the lowest since 2020 [9] - The Consumer Price Index rose 2.7% over the year in December, indicating persistent inflation despite potential interest rate cuts by the Federal Reserve [10] Upcoming Market Events - Investors are awaiting the release of January U.S. Non-Farm Payrolls, Unemployment Rate, and Average Hourly Earnings data on February 6, which will provide further insights into the labor market [8]

谷歌母公司Alphabet股价盘后下跌1.5%。 来源：滚动播报 ...

Market Overview - Investors are currently withdrawing funds from the market, leading to significant declines in major indices, with the S&P/TSX composite index down 576.95 points to 31,994.60, the Dow Jones down 592.58 points to 48,908.72, the S&P 500 down 84.32 points to 6,798.40, and the Nasdaq down 363.99 points to 22,540.59 [1] Gold and Silver Market - Gold prices fell by 1.2%, fluctuating after nearly doubling in price over the past year, reaching close to US$5,600 last week before dropping below US$4,500 on Monday. The April gold contract was down US$61.30 at US$4,889.50 per ounce [2] - Both gold and silver had seen significant increases as investors sought safer assets amid political turmoil and concerns over high U.S. stock market valuations and global government debt. However, a pullback was anticipated due to unsustainable growth rates [3] Corporate Earnings - Canadian investors reviewed a range of corporate earnings, which have generally been positive, but high expectations have led to a lack of rewards for companies that only slightly exceed earnings estimates. Companies like BCE Inc. and Thomson Reuters saw their shares drop by 2.56% and 5.41%, respectively, despite reporting fourth-quarter earnings [4] - Alphabet's stock fell 0.5% after initially dropping 8%, despite reporting stronger-than-expected profits. Investors were concerned about the company's significant spending on artificial intelligence technology, which could double to approximately US$180 billion this year, surpassing analysts' expectations of less than US$119 billion [5][6] Labor Market Insights - The U.S. Labor Department reported a decrease in job vacancies to 6.5 million in December from 6.9 million in November, marking the lowest level since September 2020. This indicates a potential softening in the U.S. labor market, though it is not yet seen as overly concerning [7]

The fourth quarter earnings season momentum continues this week, as results from Alphabet (GOOG, GOOGL), Amazon (AMZN), AMD (AMD), Qualcomm (QCOM), and Palantir (PLTR) highlighted the calendar. As of Jan. 30, 33% of S&P 500 (^GSPC) companies have reported fourth quarter results, according to FactSet data, and Wall Street analysts estimate an 11.9% increase in earnings per share for the fourth quarter. If that rate holds, it would represent the 10th consecutive quarter of annual earnings growth for the ind ...

Core Viewpoint - Google parent Alphabet (GOOGL) reported fourth-quarter earnings and revenue that exceeded consensus estimates, driven by strong cloud computing revenue, although YouTube ad revenue fell short of expectations [1] Group 1: Earnings Performance - Fourth-quarter earnings and revenue surpassed consensus estimates, indicating robust performance in key areas [1] - Cloud computing revenue significantly exceeded expectations, highlighting the growing momentum in this segment [1] - YouTube ad revenue missed expectations, suggesting potential challenges in advertising revenue streams [1] Group 2: Capital Expenditure and Market Reaction - Google announced a substantial increase in capital spending aimed at enhancing its leadership in artificial intelligence, which is expected to impact free cash flow negatively [1] - Following the earnings report, Google stock experienced a decline as Wall Street reacted to the increased capital spending plans [1]

Dow Falls Nearly 600 Points. It's Not Just Tech.CONCLUDED[Stock Market News From Feb. 5, 2026: Dow Falls 600 Points]Last Updated:---3 hours ago# Dow Falls Nearly 600 Points. It's Not Just Tech.By[Connor Smith]The S&P 500 fell for a third day in a row as the week's selloff broadened beyond tech.The Dow Jones Industrial Average fell 593 points, or 1.2%. The S&P 500 dropped 1.2%. The Nasdaq Composite slid 1.6%.Technology stock selling continued after Alphabet's earnings failed to inspire confidence in the sect ...

The Alphabet AnalystsBank of America on GOOGLStrength of Gemini is driving Google Search and Cloud acceleration, Post said in a new investor note."We think more to come with model improvements and capacity growth," Post said.The analyst said the "Gemini halo effect" is shining bright for Alphabet."We continue to see opportunity for better monetization of zero-click searches that are being converted to AI Overviews as a key upside driver from here."Post said the monetization of the Gemini app, with 750 milli ...

北京时间2月6日凌晨，美股周四尾盘继续走低，道指下跌480点，标普500指数连续第三个交易日下跌。 随着投资者采取避险立场，Alphabet、比特币与白银齐跌。投资者关注劳动力市场降温迹象。 道指跌481.77点，跌幅为0.97%，报49019.53点；纳指跌317.27点，跌幅为1.39%，报22587.31点；标普 500指数跌73.58点，跌幅为1.07%，报6809.14点。 与此同时，加密货币市场的抛售持续加剧，比特币跌破被视为关键支撑位的7万美元关口。在贵金属领 域，白银价格再度承压，结束两日反弹并重挫达16%。上周五白银价格曾暴跌近30%。 职业介绍公司Challenger， Gray & Christmas的报告加剧了市场悲观情绪，数据显示美国雇主1月宣布裁 员108435人，创下2008年全球金融危机以来1月份最高裁员纪录。 华尔街刚经历动荡的交易时段，芯片与软件股抛售导致标普500指数连续第二日收跌。随着科技股跌势 加剧，标普500指数与纳斯达克综合指数分别下跌0.5%和1.5%。 软件股普遍大跌的原因是Anthropic推出新型AI助手"Cowork"，引发数据与法律软件类股急剧抛售。受 ...