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Snap Beats Q4 Revenue Estimates Despite User Decline Snap exceeded Q4 revenue expectations with $1.72B, driven by 28% advertiser growth and rising Snapchat+ subscriptions, though daily users fell 3M.

$SNAP +4.9% [Snap exceeded Q4 revenue expectations with $1.72B, driven by 28% advertiser growth and rising Snapchat+ subscriptions, though daily users fell 3M.] notreload.xyz/snap-beats-q...

$AVGO +5.6% [Broadcom soars on Google’s plans for up to $185 billion in capex this year.]

BREAKING: $SNAP shares rise on Q4 earnings that beat on sales.

Qualcomm Beats Q1 Earnings But Memory Chip Shortage Clouds Outlook Qualcomm reports strong Q1 2026 results with record $12.3B revenue, but forecasts weak Q2 due to global memory chip shortage impacting smartphone production and pricing.

$QCOM -8.5% [Qualcomm reports strong Q1 2026 results with record $12.3B revenue, but forecasts weak Q2 due to global memory chip shortage impacting smartphone production and pricing.] notreload.xyz/qualcomm-bea...

BREAKING: $QCOM Q1 sales rise, but memory shortage dents outlook.

$GOOGL CEO Sundar Pichai said the investments are paying off. “We’re seeing our AI investments and infrastructure drive revenue and growth across the board,” he said Wednesday. “Search saw more usage than ever before, with AI continuing to drive an expansionary moment.”

Alphabet Ramps Up AI Spending to $175-185 Billion in 2026 Alphabet (GOOGL) announces massive $175-185B capital expenditure for 2026, far exceeding analyst expectations of $115B, as Google deepens AI investments amid growing competition.

$GOOGL -1% [Alphabet announces massive $175-185B capital expenditure for 2026, far exceeding analyst expectations of $115B, as Google deepens AI investments amid growing competition.] notreload.xyz/alphabet-ram...

Arm Holdings Beats Forecasts But Falls Short of Highest Investor Hopes Arm Holdings reports strong Q4 revenue forecast of $1.47B, exceeding analyst estimates, but stock drops 6% as results fall short of top investor expectations amid AI boom.

$ARM -5.8% [Arm Holdings reports strong Q4 revenue forecast of $1.47B, exceeding analyst estimates, but stock drops 6% as results fall short of top investor expectations amid AI boom.] notreload.xyz/arm-holdings...

BREAKING: $ARM forecast disappoints increasingly skeptical investors.

BREAKING: $GOOGL beat earnings and revenue expectations.

BREAKING: $GOOGL forecasts sharp surge in 2026 capital spending.

Nasdaq skids 1.5% as software rout pulls down S&P 500 and investors rotate into Dow names; $AMD results weigh; $GOOGL earnings on tap. Gold dips below $5K level.

Meta Memo: New Avocado Model ‘Most Capable’ to Date Meta Platforms is sounding an increasingly bullish note about the first major AI model expected to emerge from its new AI group. The company recently told some staffers in the group, known as Meta Sup...

$META -3.3% [Meta says its new AI model, Avocado, is now its most advanced so far. The company finished the first phase of training, where the AI learns general knowledge and patterns from lots of data.] www.theinformation.com/articles/met...

MGM Resorts Q4 Profit Doubles, Beats Expectations on Casinos MGM Resorts expects Q4 profit to more than double to $293.6M, beating analyst estimates, while BetMGM swings to profitability with strong online gaming growth.

$MGM +8.6% [MGM Resorts expects Q4 profit to more than double to $293.6M, beating analyst estimates, while BetMGM swings to profitability with strong online gaming growth.] notreload.xyz/mgm-resorts-...

$BMNR -8.6%, $SBET -7%, $MSTR -4% [Crypto treasuries are losing big: 22 firms together face $19B+ in unrealized losses.] sherwood.news/crypto/crypt...

Japan chipmaker Rapidus tops $1bn in private investment as IBM aims to join SoftBank, Sony set to become major shareholders with commitments exceeding target

$IBM -2.3% [IBM plans to invest in Japan’s chipmaker Rapidus, joining firms like SoftBank and Sony. Private investment could top $1B, more than expected, showing strong support to grow Rapidus in the global chip market.] asia.nikkei.com/business/tec...

Earnings Reports After Closing: $GOOGL, $QCOM, $ARM, $MCK, $ORLY, $AFL, $ALL, $MET, $SNAP, $ALGN, $BOOT, $ELF, $COHR, $SYM, $CCI, $FLNC.

Exclusive: Positron raises $230M Series B to take on Nvidia's AI chips | TechCrunch The investment comes from backers including the Qatar Investment Authority as demand for chips beyond Nvidia soars and as Qatar aims to build out its AI infrastructure.

Positron, a chip startup, raised $230M and hit a $1B value. It plans to roll out fast, low-power chips for running AI apps. Backed by big investors and Qatar’s wealth fund, it aims to challenge $NVDA and ship new chips by 2027. techcrunch.com/2026/02/04/e...

$MANE +128% [Veradermics opens at $34.]

Amgen Beats Q4 Expectations Despite FDA Drug Controversy Amgen (AMGN) reports strong Q4 2025 earnings with $9.87B revenue, beating estimates. Company defies FDA request to withdraw Tavneos while advancing obesity drug MariTide through trials.

$AMGN +8.2% [Amgen reports strong Q4 2025 earnings with $9.87B revenue, beating estimates. Company defies FDA request to withdraw Tavneos while advancing obesity drug MariTide through trials.] notreload.xyz/amgen-beats-...

Cerebras Raises $1 Billion in Funding at $23 Billion Valuation AI chip provider Cerebras Systems Inc. has raised about $1 billion in a new funding round, bolstering the company’s efforts to compete with Nvidia Corp.

Cerebras raised about $1B, valuing it at $23B, as it pushes to compete with $NVDA in AI chips. Backed by Tiger Global and others, it claims faster AI hardware and has major clients like OpenAI, $META, and $IBM. www.bloomberg.com/news/article...

$PLTR -13% [Palantir stock fell hard, wiping out gains after strong earnings. There’s no bad news—analysts liked results—but some cut price targets, saying the stock is very expensive. After a huge run-up, good news is already priced in, and market fear added pressure.]

Nvidia's Huang dismisses fears AI will replace software tools as stock selloff deepens Huang said AI will rely on existing software rather than rebuild basic tools from scratch.

$NVDA CEO Jensen Huang said fears that AI will replace software are wrong. After a global selloff in software stocks, he stressed that AI depends on existing software tools and won’t rebuild everything from scratch. www.reuters.com/business/nvi...

$MANE [Veradermics indicated to open at $32-$34]

IonQ Loses Pentagon Funding: $397M Insider Sales Alleged Short-seller report claims quantum computing company IonQ lost vital Pentagon funding that made up 86% of revenue, acquired non-quantum businesses to hide losses, and insiders sold $397M in stock.

$IONQ -8.75% [Short-seller report claims quantum computing company IonQ lost vital Pentagon funding that made up 86% of revenue, acquired non-quantum businesses to hide losses, and insiders sold $397M in stock.] notreload.xyz/ionq-loses-p...

BREAKING: January jobs report will be released on February 11 after shutdown delay.

$MANE [Veradermics indicated to open at $20–$22 after IPO priced at $17.]

$AMD stock fell 16% as investors hoped for a better forecast. CEO Lisa Su says AI demand is "going gangbusters" and growing faster than she ever imagined. She expects a big boost later this year from new AI systems. Business remains strong. www.cnbc.com/2026/02/04/a...

Claude is a space to think | Anthropic Anthropic explains why Claude will remain ad-free—how advertising incentives conflict with building a genuinely helpful AI assistant users can trust.

Anthropic says its AI chatbot Claude will stay ad-free. Unlike rivals planning ads in AI chats, Claude won’t show sponsored links or be influenced by advertisers. The company says ads hurt trust and prefers earning money from business customers instead. www.anthropic.com/news/claude-...

Ethereum hit a 9-month low below $2,200 after losing over $100B in value in a week. ETFs saw big outflows, and prices look weak, despite strong network use. Vitalik says Ethereum’s scaling plans are changing.