Big Tech

S&P 500 notches back-to-back losses as chips and software sell off

AMD’s weak guide drags the sector; Alphabet earnings stay in focus.

CNBC
Big Tech

Tech-heavy indices can swing sharply when semiconductors and software move together.

What to know

  • Chips sit upstream of the AI cycle, so sentiment travels fast.
  • Software multiples can compress when “AI disruption” becomes the dominant story.
  • Watch whether buyers step in on quality names or rotate elsewhere.

Source: https://www.cnbc.com/2026/02/03/stock-market-today-live-updates.html