AI Spending Shock Triggers Big Tech Selloff And Small-Cap Revival - Amazon.com (NASDAQ:AMZN), CrowdStrike Holdings (NASDAQ:CRWD)

After a long mega-cap tech-dominated leadership, the market has entered 2026 on less stable ground.  SP 500 (NYSE:SPY) is breakeven for the year, while the Magnificent 7 stocks average 7.3% negative return.Surging AI capital expenditures are driving investor jitters, raising questions on future margins even as industry giants such as Amazon (NASDAQ:AMZN) tout operational efficiencies and cost reductions.With tech giants pouring tens of billions into AI models, chips, and data centers, investors are starting ...