Zhi Tong Cai Jing·2026-02-17 06:29Core Viewpoint - The significant decline in the market value of major tech stocks is attributed to investor skepticism regarding the returns on massive investments in artificial intelligence, leading to a total market value loss exceeding $1.3 trillion since January 2026 [1]. Group 1: Impact on Major Tech Stocks - Microsoft has experienced a market value drop of approximately $613 billion, with its current valuation around $2.98 trillion [2]. - Amazon's market value has decreased by about $343 billion, currently valued at $2.13 trillion, reflecting a year-to-date decline of approximately 13.85% [3]. - Apple's market value has shrunk by $256.4 billion, now standing at $3.76 trillion, while Alphabet's valuation has decreased by $879.6 billion to $3.7 trillion [4]. Group 2: Investor Sentiment and Spending Concerns - Investors are increasingly focused on short-term financial transparency rather than long-term AI goals, indicating a shift in sentiment from previous speculative enthusiasm [5]. - Amazon's announcement of a projected 50% increase in capital investments this year has heightened concerns about rising costs in the AI development sector [6]. - Microsoft faces intense competition from Google's Gemini model and Anthropic's Claude Cowork AI, raising fears about profit compression and the adoption of its AI solutions [7]. Group 3: Emerging Companies - Taiwan Semiconductor Manufacturing Company (TSMC) has seen its market value increase by $293.9 billion, now valued at approximately $1.58 trillion [8]. - Samsung Electronics' market value has risen by $272.9 billion, reaching $817 billion [8]. - Walmart's market value has grown by $179.2 billion, now at $1.07 trillion, contrasting sharply with the losses of major tech stocks [8].