Stock Movers Amazon Drops, Stellantis Falls, Software Stocks ETF Bounces After 8 Day Slump
Feb 6, 2026
Amazon's huge $200 billion bet on AI infrastructure and the market's nervous reaction. Stellantis takes massive charges and sees a historic share plunge tied to a shift in its EV strategy. A software-focused ETF stages a rebound after its worst week in years, with traders eyeing technical signs and volume spikes.
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Big AI Bet Spurs Investor Backlash
- Amazon announced plans to spend up to $200 billion on data centers, chips, and equipment this year.
- Investors punished the stock, causing its worst day since August 2024 as the AI bet raised long-term payoff concerns.
Stellantis’ EV U‑Turn Triggers Record Drop
- Stellantis said it will take more than $26 billion in charges tied mainly to reversing its EV strategy.
- The announcement triggered a record plunge, sending shares to their worst day ever and the lowest level since 2020.
Software ETF Rebounds Amid Heavy Selling
- The IGV software ETF rebounded as much as 3.2% for its best day since September but still faced its worst week since October 2008.
- Heavy trading with two days of record volume suggests intense investor activity amid the selloff.