🚀 Amazon shares plunge

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Market Overview
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Year To Date Performances:

1. Amazon’s fourth-quarter results have sparked a visceral reaction on Wall Street, with shares plunging 11% after the company unveiled a staggering $200 billion capital expenditure forecast for 2026. While the retail giant beat revenue expectations, pulling in $213.39 billion, it narrowly missed earnings-per-share estimates, delivering $1.95 versus the $1.97 analysts were targeting. The real "sticker shock" for investors isn't the slight earnings miss but the massive increase in infrastructure spending, which jumped from $131 billion in 2025 to a projected level that nearly doubles the combined market caps of some competitors. CEO Andy Jassy defended the move as a necessary response to "seminal opportunities" in AI, robotics, and satellite technology, though the market appears increasingly weary of an AI arms race in which the finish line keeps moving further into the distance.

2. The flagship cryptocurrency has entered a state of freefall, briefly plunging below the $61,000 threshold as the "digital gold" narrative faces its most brutal stress test since the 2022 collapse. After peaking near $126,000 in early October 2025, Bitcoin has shed nearly 50% of its value in just four months, with this week alone accounting for a staggering 30% decline. The sell-off has been intensified by a "perfect storm" of high interest rates, a surging U.S. Dollar Index (DXY), and a synchronized retreat from risk-on assets in the technology sector. As forced liquidations top $2 billion, the market is witnessing a fundamental shift: institutional players—once the bedrock of the 2025 bull run—have become aggressive net sellers, leaving the asset trading on pure liquidity and capital flows rather than its previous "hype-driven" momentum.

3. Reddit has officially transitioned from the "wild west" of the internet to a Wall Street darling, delivering a fourth-quarter performance that crushed analyst expectations on nearly every front. The company reported a massive 70% year-over-year revenue surge to $726 million, while net income surged 255% to $252 million. This financial windfall was capped off by the board authorizing a $1 billion share repurchase program, a decisive signal that Reddit is now a lean, cash-generating machine capable of returning significant value to its shareholders. While the tech sector has been jittery lately, Reddit's ability to maintain a 90% gross margin for six consecutive quarters has made it a rare bright spot in the social media landscape.

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