Closing Bell Closing Bell Overtime 2/12/26
20 snips
Feb 12, 2026 
Contessa Brewer, CNBC correspondent who covers corporate earnings and interviews company executives. She discusses Expedia’s odd share reaction despite beats and DraftKings’ beat with worrying guidance and user trends. Short takes on AI disruption across travel, gaming, and tech. Conversation highlights earnings-driven market moves and competitive pressures.
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AI Fears Broaden Market Sell-Off
- AI fears are broadening sell-offs from software into mega-cap tech and cyclicals.
- Investors are rotating into staples and utilities as defensive bets amid valuation uncertainty.
Deep Software Sell-Offs May Be Overdone
- Oversold reactions in software can create buying opportunities despite headline-driven fear.
- Barbara Doran argues many tech names were unduly punished and merit incremental purchases.
Chip-Equipment Benefits From AI Build-Out
- Applied Materials beat and guided for >20% semiconductor equipment growth driven by AI data center build-out.
- Chip-equipment strength signals sustained AI-driven CapEx in semiconductors.