Financial Summary: Wednesday, February 4, 2026

Rapid advancements in AI have led to a $300 billion decline in the tech sector, raising concerns about a potential AI bubble.

The $100 billion deal between OpenAI and Nvidia remains unsigned five months after its announcement, creating uncertainty in the industry.

Anthropic's launch of new AI tools has triggered a significant sell-off in software stocks, with analysts dubbing it a 'SaaSpocalypse'.

Amazon has made its Alexa+ AI assistant widely available in the U.S. after a year of limited access.

AMD's CEO reported increasing demand for advanced chips despite a 16% stock drop following a quarterly report.

Alphabet is set to report its earnings, focusing on AI advancements and advertising momentum, particularly its collaboration with Apple on Siri.

Amazon is in talks to invest up to $50 billion in OpenAI, potentially integrating its models into Alexa.

Former Meta executives have invested in Slashwork, an AI startup focused on workplace communications.

Stephen Miran's resignation from the White House signals a major shift in the economic team amid ongoing challenges.

Venezuela reassures China of stable oil pricing despite U.S. pressures, aiming to attract investments.

Japan's new Prime Minister Sanae Takaichi aims to revitalize the ruling party ahead of crucial elections.

China escalates tensions with the U.S. following a ruling on the Panama Canal, seen as a win for Trump.

Oil prices rise after Trump warns of potential military action against Iran if nuclear talks fail.

The Trump administration is working to create a critical minerals trade zone with allies to lessen dependence on China.

Speculation grows around UK Labour leader Keir Starmer as he faces leadership challenges linked to document releases.

India's stock markets and rupee gained significantly after a trade deal with the US reduced tariffs on Indian exports from 50% to 18%.

Mukesh Ambani encourages Indian households to invest in the stock market to boost economic growth and wealth.

BlackRock CEO Larry Fink predicts the next 20-25 years will be crucial for India, emphasizing the importance of domestic investment and technology.

Gold prices declined slightly after a significant rally, marking the largest percentage gain since March 2009.

Indian IT stocks faced a massive selloff, losing Rs 1.75 lakh crore in market value amid fears of AI disruption.

The Indian equity market saw the Sensex drop over 450 points due to a global tech sell-off and profit booking.

Hycroft Mining's stock surged 19.5% as gold and silver prices strengthened, following a 57% increase last month.

Societe Generale's bulk purchase of Gokaldas Exports shares has driven the stock up 43%, fueled by optimism over a US-India trade deal.

Indian benchmark indices Nifty and Sensex closed marginally higher, marking a third consecutive day of gains despite IT stock drops.

Soybean futures surged over 2% following President Trump's indication that China may purchase an additional 8 million tons from the U.S.

U.S. natural gas futures increased ahead of an inventory report expected to show high heating demand due to last week's winter storm.

Hedge funds have profited $24 billion from shorting software stocks in 2026, intensifying their bearish bets amid a market sell-off.

Bitcoin fell for the second consecutive day, dropping to a low of $72,096.20, below the $73,000 mark.

Terrell Owens criticizes the Pro Football Hall of Fame for not including Bill Belichick and Robert Kraft.

Experts warn that millions may lose ACA coverage, potentially raising health insurance costs for others.

Walmart's market cap reached $1 trillion, driven by e-commerce growth and innovative strategies.

KKR and Singtel are acquiring full ownership of STT GDC for approximately $5 billion.

Match Group reported better-than-expected earnings but issued weak guidance due to rising expenses.

Waaree Energies' shares surged following a US-India trade deal that eased tariffs and strong Q3 results.

Microsoft is promoting sales leaders to enhance its AI service offerings and customer feedback.

Fractal Analytics plans to launch India's first AI IPO, aiming to raise Rs 2,834 crore amid strong investor interest.

Eli Lilly exceeded quarterly earnings estimates, driven by strong sales of weight-loss drugs.

Uber reported a 20% revenue growth in Q4, with its food delivery segment seeing a significant 30% increase.

Rivian's CEO unveiled the R2 SUV, aiming to replicate the success of Tesla's Model Y.