(Feb 4) : A tech selloff dragged down stocks from near-record levels amid a rotation into more economically sensitive industries. In fact, a violent rotation has taken place in 2026, with value shares far outpacing growth. At the same time, AI investing has become less monolithic in the tech sector, with investors starting to choose winners and losers. While results from tech megacaps were in line or better than expected, market reaction to their spending plans varied wildly. The announcement — and a subsequent bond sale Monday — coincided with persistent fears about whether massive AI-linked investments by tech companies will pay off.

Source: The Edge Markets February 03, 2026 22:05 UTC