WVE
Wave Life Sciences Ltd
NASDAQ · Pharmaceuticals
$13.45
+0.70 (+5.49%)
WVE News2 articles
Applied Materials Surges 6% on AI Spending Wave, Eyes Earnings and Export Risks
Applied Materials shares climbed over 6% Friday, lifted by broader semiconductor strength following Amazon and Alphabet's capex plans. Investors now focus on the company's Feb. 12 earnings and potential revenue impact from U.S. export controls.
Amazon's Massive AI Capex Plan Sends Shockwaves Through Tech Sector
Amazon's projected $200 billion capital expenditure for 2026, significantly above expectations, triggered a 5.6% stock drop while fueling a chip rally. The tech sector faces rotation pressures with software stocks losing $1 trillion in value since late January.