AI Disruption Fear Drags Nasdaq Lower as Alphabet, Amazon Earnings Loom
2 Articles
2 Articles
AI disruption fear drags Nasdaq lower as Alphabet, Amazon earnings loom
NEW YORK, Feb 3, 2026, 15:05 EST U.S. stocks fell on Tuesday as investors worried that artificial intelligence would create new rivals for software makers and squeeze margins. The S&P 500 fell 1.46% and the Nasdaq dropped 2.17%, with Nvidia, Microsoft, Alphabet and Amazon sliding ahead of earnings from Alphabet on Wednesday and Amazon on Thursday. Art Hogan at B. Riley Wealth said some software names “may well be disrupted by AI,” while John Cam…
The run of the great technological rally on Wall Street has run aground where it hurt most: in the heart of software and the cloud, the great beneficiaries of enthusiasm for artificial intelligence. On Tuesday, the S&P 500 yielded 0.45% and the Nasdaq fell by 1.02%, dragged by a new wave of sales in large software companies, while investors assimilated Palantir’s results, PayPal’s collapse and the imminent examination of Alphabet and Amazon.
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