WSJ Tech News Briefing TNB Tech Minute: Nasdaq Falls Again
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Feb 4, 2026 Markets slip as chip stocks tumble and tech names see broader losses. Concerns flare about AI disrupting software and IT services. Big gains reported at Alphabet driven by ads and cloud. Snap posts a return to profitability but flags a delayed $400 million integration affecting near-term guidance.
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AI Fears Weigh On Tech Stocks
- The Nasdaq fell as chip stocks and AI disruption worries pressured tech valuations.
- Recent AI tools sharpen investor concerns about software and IT business models.
Alphabet Outperforms With AI-Driven Growth
- Alphabet beat expectations with an 18% revenue rise driven by ads and cloud amid AI spending.
- Net income rose 30% to $34.5 billion, showing strong profitability alongside AI investments.
Snap Posts Profit But Faces Integration Delay
- Snap posted a profit and revenue beat, aided by direct response advertising growth.
- A delayed $400 million Perplexity deal may weigh on Snap's first-quarter revenue outlook.