Software sell-off, AMD earnings, bitcoin drops: 3 Things | | StockXpo

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Software sell-off, AMD earnings, bitcoin drops: 3 Things

Published: Wednesday, February 4, 2026 · 2:03 PM  |  Updated: Wednesday, February 4, 2026 · 2:03 PM

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00:00 Julie Hyman

Welcome to Morning Brief. I’m Julie Hyman. Let’s get to the three things you need to know today.

00:04 Julie Hyman

First up, US stock futures mixed after a tech-led sell-off. AI disruption fears sending software stocks in particular plunging on Tuesday.

00:11 Julie Hyman

Still, Nvidia CEO Jensen Wong dismissing fears, calling the idea that AI will replace software quote illogical.

00:17 Julie Hyman

Now investors are looking ahead to Google results due out after the close.

00:21 Julie Hyman

Plus, AMD sinking despite topping fourth quarter earnings estimates. The chipmaker’s first quarter forecast disappointing with investors looking for a bigger payoff from AI spending.

00:28 Julie Hyman

And Bitcoin hitting its lowest level since November of 2024. Investors rotating out of risk on assets, sending the cryptocurrency briefly below $73,000. Right now it’s down below 75.

00:40 Julie Hyman

And Bitcoin overall has fallen about 14% since the start of the year and is down about 40% since hitting a record high in October.

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