AI Sell-Off Sends Tech Stocks Lower

In early February 2026, a broad sell-off in AI-linked stocks hit Amazon, Oracle, semiconductor firms, cloud infrastructure providers and data-center REITs, as markets reassessed stretched valuations. Investors cited skepticism over AI profitability timelines, hyperscaler capital expenditures exceeding $200 billion and slower enterprise deployment, prompting a recalibration of growth expectations and returns on infrastructure investments.