A pedestrian walks past a sign at Google’s headquarters in Mountain View, California on February 4, 2026.
Justin Sullivan | Getty Images
Of the alphabet fourth-quarter earnings and revenue beat Wall Street expectations. Its cloud unit was impressive, showing a nearly 48% year-over-year revenue increase.
The tech giant expects capital spending to be between $175 billion and $185 billion for 2026, with capital spending at the top. more than twice as compared to last year. The big rally seemed to spook investors: Alphabet shares fell 3% before losing 0.39%., in extended trade.
But at least one name is benefiting from the news. shares Broadcom up more than 6% in extended trade — firm manufactures custom chips for the alphabet.
That helped Broadcom recoup some losses from the regular trading session, which lost 3.8%, along with other tech stocks. Advanced Micro Devices — it was 17.3% of it the forecast for the first quarter is disappointing — and Oracle.
Technology is heavy Nasdaq Composite lost 1.51% and S&P 500 It retreated 0.51%, making its fifth negative session in six. However, Dow Jones Industrial Average increased by 0.53% All in all and Honeywell.
While investor confidence in AI games has waned, CNBC Investing Club founder Jim Cramer is still optimistic about the South Korean chip maker. Samsung Electronics and SK Hynix are “visionary” companies, Cramer said on CNBC’s “Squawk Box Asia“, he added, if he lived in the country, he would like to work for them.
However, the outlook for silver remains shaky. On Thursday, metal prices fell by 16%, two-day breakthrough.
In Europe, French bank BNP Paribas boosted its earnings with fourth-quarter earnings that beat estimates. target for net income Between 2025 and 2028, but Shell missed targets for fourth-quarter profits.
Meanwhile, the European Central Bank and the Bank of England will announce their monetary policy decisions on Thursday, but neither bank is expected to make any rate changes.
— CNBC’s Jennifer Elias contributed to this report.
What you need to know today
The US proposes to create an important mineral trade blocon Wednesday to unveil statewide initiatives to mobilize allies, such as a negotiated price floor and expanded access to financing in the sector. This week, Washington announced the availability of essential minerals ministers signed bilateral agreements with 11 countries.
China’s EV market continues to slow. BYD reported approx a two-year low in local sales In January, at least six major electric car brands, while Xiaomi until XpengAccording to a CNBC analysis, January reported a sharp decline in sales from December.
China reiterated its position on Taiwan. Chinese President Xi Jinping on Wednesday called his American colleague Donald Trump “to solve the problem Arms sales to Taiwan Be careful.” Trump said he discussed Iran, Russia’s war in Ukraine, China’s energy purchases and his upcoming visit in April with Xi.
Major U.S. indexes were mostly flat on Wednesday, The S&P 500 is suffering reverse lossesmeasured by technological resources. Asia-Pacific markets were lower on Thursday. South Korea’s Kospi led losses, while the Hang Seng Tech Index entered a bear market.
(PRO) Analysts worry about AMD’s profitabilityexpressed several concerns operating costs of the chip maker and overall profitability. Here’s what Wall Street is saying.
And finally…
Why does Asia’s richest man and CEO of BlackRock want Indians to choose stocks over gold?
BlackRock CEO Larry Fink and Reliance Industries Chairman Mukesh Ambani wants Indians to invest in the country’s stock market instead of gold.
The advice comes at a time when the yellow metal is witnessing heightened volatility, while Indian equities are underperforming. Awesome 50 down about 2% so far this year.
A large portion of domestic savings in gold and silver is “unproductive,” Ambani said in a fireside interview with Fink on Wednesday, adding that “money in the stock market is increasing.”
– Priyanka Salve