Bloomberg News Now February 4, 2026: Alphabet Spending Plan, Qualcomm Tepid Forecast, Tech Rout, More
7 snips
Feb 5, 2026 
Caroline Hyde, Bloomberg tech and markets correspondent, provides quick analysis of company earnings and market moves. She discusses Alphabet’s revenue beat and big capex increase. She covers Qualcomm’s cautious forecast and semiconductor price pressures. She explains why AI expectations and memory costs are rattling tech stocks.
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Alphabet Signals Big CapEx Increase
- Alphabet beat Q4 revenue expectations but signaled much higher spending ahead, including doubling CapEx by 2026.
- The market views rising capital expenditures as a supply-side response to AI and infrastructure needs, pressuring shares despite top-line strength.
Memory Costs Hurt Chip Margins
- Qualcomm issued a tepid revenue forecast and highlighted risks from component shortages and rising memory costs.
- Analysts worry expensive memory will squeeze margins and eventually dent consumer demand for phones.
Tech Rout Hits Semiconductors Hard
- The market rotated out of tech, with chipmakers hit hardest and the Philly Semiconductor Index down 4.3%.
- The NASDAQ 100 fell below its 100-day moving average, a technical sign some traders see as a warning for more losses.