Tech News Today Feb 6th 2026

1. Big Tech Massive AI Infrastructure Spending Triggers Market Volatility.
   Projected spendings of Big Tech companies in total capital expenditures of around 650 billion or more in 2026 are concentrated in AI data centers, AI chip, and other infrastructures.

Amazon is in the lead with planned spending of $200 billion (exceeding it by far compared to 2025), followed by Alphabet (Google), 175-185 billion, and Meta and Microsoft (the same way).

This fierce competition in AI arms race has created a question of profitability and sustainability in investors, leading to a steep decline in stock values in the technology industry.

The consumption spurt highlights the high stakes in the struggle to control AI infrastructure as one fears over-investment.
Markets responded with Nasdaq falls and wider equity stress with increasing concerns about the colossal expenditures against uncertainties.

2. Technology Bottom Falling Out as AI Uncertainty Bekons in Software Shares.

One of the biggest routs of software and services stocks has eliminated a market value of approximately $1 trillion in recent weeks due to fears that advanced AI models may bring an end to the conventional software businesses.
The sale of a new AI model by Anthropic to support financial research enabled the sale to gather momentum, emphasizing the dangers of competitors using generative AI.

S&P 500 software index plunged with spill over effects to the chipmakers and other tech equities.
Analysts refer to the fact that AI could help to make the process of software development less expensive and quicker, which puts the legacy players under pressure and contributes to the layoffs in Big Tech.

Though there were signs of stabilization, weak economic data with the addition of the “AI anxiety” has already placed major indexes into the red in the year.

3. AI progress and business applications are still coming out even in challenging business conditions.

With the frenzy of capex and sell-offs, firms are charging ahead with new AI consumer products, like the Frontier platform of OpenAI used by enterprises to create and manage AI agents, as in the case of human staff.
Reddit emphasized its AI-assisted search (including Reddit Answers) as an important future revenue-generating opportunity as a unification of traditional and AI searches.

Other trends are ElevenLabs that focus on voice as the emerging important interface in AI, and audio AI startups with high valuations.
The presence of enterprise-centered innovations such as the big data analysis model by Fundamental and agent tools indicates the further trend of the advancement of the practical AI application.

Such launches demonstrate that the sector remains innovative despite the high scrutiny of the high costs of underlying infrastructure by investors.