Amazon Earnings忧虑 Intensifies as Tech Giants Announce $600B AI Investments; Warrants Sell Off

Tech giants are ramping up AI spending, with the sector expected to pour $600 billion through 2026, intensifying investor anxiety over profitability impacts and risks to software companies. Following Amazon's (AMZN-US) $200 billion capital plan, shares fell 5.5% on Friday (February 6, 2026), while Alphabet (GOOGL-US) and Meta (META-US) dropped 2.5% and 1.3% respectively. Nvidia (NVDA-US) gained 7%, Microsoft (MSFT-US) 1.9%, and Tesla (TSLA-US) 3.5% as broader indices rose 1.9% and 2.0% for the week, though both major indices closed negative. San Jacinto Alpha's Andrew Wells said markets are deleveraging AI buildout and forward earnings, pricing in excessive future revenue without adequate risk. The S&P 500 Software & Services Index fell 7.8% this week, eroding about $1 trillion in market value since January 28. Data and analytics stocks are under pressure, with Anthropic's Claude contributing to selling. Global equities slipped 0.33% this week, with India's market down 2% as software exporters lost $22.5 billion in市值.