Software stocks struggle, Googles AI spending, layoffs surge and more in Morning Squawk
Summary
Software stocks faced renewed pressure as investors worry that AI could disrupt enterprise software, with the WisdomTree Cloud Computing Fund down nearly 20% year-to-date and hedge funds shorting $24 billion in 2026. Alphabet beat quarterly expectations but said AI infrastructure capex could more than double in 2026, which weighed on its shares while suppliers like Broadcom rallied. AMD plunged on disappointing guidance, dragging hardware and the Nasdaq lower, and Bitcoin slipped below $70,000 as risk appetite cooled. Labor data added to the unease: layoffs surged in January and several government jobs releases were delayed, increasing market uncertainty.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Infrastructure Software
Enterprise Software
Cybersecurity Software
Linked Companies
Broadcom Inc.
$50M to $100M
ADP
$1B+
AMD
$25M to $50M
Google LLC
$100M to $250M
S3 Partners
$10M to $25M