Stock Movers Amazon, Coinbase Drop; Tapestry Rises
Feb 6, 2026
Emily Grafeo, Bloomberg cross-asset reporter who covers tech and crypto movers. She breaks down Amazon’s massive AI-focused spending plan and why it rattled investors. She discusses Coinbase’s struggles as crypto weakness weighs on trading. She also highlights Tapestry’s upbeat guidance and its momentum with younger shoppers.
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Episode notes
Amazon's AI Bet Sparks Investor Concern
- Amazon's huge AI-driven capital spending worried investors who want nearer-term returns.
- The $200 billion plan signals AWS-focused AI bets but raises timing and payoff doubts.
AI Spending Feels Mandatory
- Executives feel compelled to spend on AI to avoid falling behind competitors.
- That spending dynamic can force huge outlays even if near-term returns are uncertain.
Coach Revival Fuels Tapestry's Upside
- Tapestry's Coach brand saw a strong revival driven by Gen Z demand and Y2K trends.
- The company raised full-year adjusted EPS guidance after 14% year-over-year sales growth.