WSJ Your Money Briefing What’s News in Markets: Gartner Woes, Super Micro Surge, Coinbase Volatility
Feb 7, 2026
Why are investors jittery about AI and how that fear rattled software and research stocks. A big rotation into AI infrastructure and the surge behind Super Micro's rally. Crypto tremors as Bitcoin slips and Coinbase shares fall amid the market wobble.
AI Snips
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AI Shifts Investor Assumptions
- Rapid AI advances are forcing investors to rethink long-held assumptions about software and data companies.
- The Nasdaq fell while the Dow hit a record, showing a split between AI-exposed tech and traditional industries.
Gartner's Forecast Fuels AI Fears
- Gartner's earnings miss and weak forecast amplified fears that generative AI will reduce demand for research reports.
- The stock plunged 21% in a day and is down over 70% from its peak a year ago.
AI Infrastructure Winners
- Investors are favoring 'picks and shovels' suppliers of AI infrastructure like chips, servers, and memory.
- Supermicro reported accelerating sales and cited AI infrastructure demand, sending its shares up sharply.