Closing Bell Alphabet Raises Capex Bar; What’s next for Software? 2/4/26
10 snips
Feb 4, 2026 Christina Parts Nebulis, CNBC earnings reporter focused on chips and enterprise; Seema Modi, CNBC tech reporter with sector color. They discuss heavy earnings including Google, Qualcomm and Arm. Conversation covers software sell-offs, AI worries pressuring SaaS, Google CapEx plans, memory headwinds at Qualcomm, and market rotation between growth and value.
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AI Fears Are Pressuring Software Stocks
- AI fears are pressuring software stocks, driving significant shorting and declines across the sector.
- Some beaten-down names saw selective buying, suggesting pockets of value amid broad weakness.
Memory Constraints Weigh On Qualcomm Guidance
- Qualcomm beat results but shares plunged after a weak guide blamed on memory shortages and pricing dynamics.
- CEO says premium handset demand remains strong while memory constraints hit mass-market device purchases.
Big Beats, High CapEx, Mixed Market Reaction
- Alphabet beat on revenue and EPS and cloud grew strongly, but shares fell as expectations for ultra-high growth lingered.
- Investors parsed YouTube weakness and heavy CapEx plans when deciding how to react.