Today is Thursday, February 5, 2026.

The Early Bird Index today is 79.31.

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Google parent Alphabet $GOOGL ( ▼ 7.1% ) ticked down 0.39% in after-hours trading on Wednesday after reporting financial results and revealing increased CapEx spending, now targeting the $175 billion to $185 billion range.

Financials: Alphabet reported earnings of $2.82 per share in the past quarter and revenue of $113.8 billion. Both were better than expected.

Early Bird’s Nest Egg Gains: Investors disliked Alphabetʼs new CapEx plan because it was massively above expectations. It also raised fears that AI infrastructure spending will compress margins and free cash flow for years before clear returns show up

Final Thoughts: It’s a setback for Alphabet after the stock started 2026 with a 5.68% gain.

Notable Earnings Today: Amazon.com (Nasdaq: AMZN), Reddit (NYSE: RDDT), ConocoPhillips (NYSE: COP), Bristol Myers Squibb (NYSE: BMY), Affirm (Nasdaq: AFRM), Energizer (NYSE: ENR), Atlassian (Nasdaq: TEAM), Strategy Inc (Nasdaq: MSTR), Roblox (NYSE: RBLX), Sirius XM (Nasdaq: SIRI), Estee Lauder (NYSE: EL), Peloton (Nasdaq: PTON), Canada Goose (NYSE: GOOS), Hershey Foods (NYSE: HSY), Ralph Lauren (NYSE: RL), Bloom Energy (NYSE: BE), Cummins (NYSE: CMI), Microchip (Nasdaq: MCHP), Fortinet (Nasdaq: FTNT), Linde plc (Nasdaq: LIN), The Cigna Group (NYSE: CI), IREN Limited (Nasdaq: IREN), IQVIA (NYSE: IQV), Gold.com (NYSE: GOLD), Shell (NYSE: SHEL), Coty (NYSE: COTY), Post (NYSE: POST), AllianceBernstein (NYSE: AB), Canadian Natural Resources (NYSE: CNQ), Coursera (NYSE: COUR), Doximity (NYSE: DOCS), Encompass Health (NYSE: EHC), Gen Digital (Nasdaq: GEN), Genpact (NYSE: G), Illumina (Nasdaq: ILMN), Intercontinental Exchange (NYSE: ICE), KKR (NYSE: KKR), LiveRamp (NYSE: RAMP), Magnolia Oil & Gas (NYSE: MGY), RBC Bearings (NYSE: RBC), Regency Centers (Nasdaq: REG), Rockwell Automation (NYSE: ROK), Spectrum Brands (NYSE: SPB), Tapestry (NYSE: TPR), Unum Group (NYSE: UNM), VeriSign (Nasdaq: VRSN), Werner Enterprises (Nasdaq: WERN), Xcel Energy (Nasdaq: XEL), XPO, Inc. (NYSE: XPO).

Notable IPOs Today: QDRO Acquisition Corp. Units (Nasdaq: QADRU), Bob’s Discount Furniture, Inc. (NYSE: BOBS), VSE Corporation Tangible Equity Units (Nasdaq: VSECU), Hennessy Capital Investment Corp. VIII Units (Nasdaq: HCICU), Eikon Therapeutics, Inc. Common Stock (Nasdaq: EIKN), Cantor Equity Partners VI, Inc. Class A Ordinary Shares (Nasdaq: CEPS).

Notable Equity Crowdfunding Campaigns Ending Today: Pimpant (Crowdcube).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Despite posting good financial earnings results on Wednesday, Qualcomm $QCOM ( ▼ 9.35% ) plunged 9.68% in after-hours trading due to a weak financial outlook for the current quarter.

Financials: Qualcomm reported earnings of $3.50 per share in the past quarter and revenue of $12.3 billion. Both were better than expected.

Outlook: The company’s current quarter outlook, which featured earnings of $2.45 to $2.65 per share and revenue of $10.2 billion to $11 billion, was lower than expected.

Final Thoughts: It’s another bad day for Qualcomm, which is down 13% in the past 12 months.

Workday $WDAY ( ▼ 2.18% ) fell 2.44% in after-hours trading on Wednesday after announcing plans to lay off about 2% of its current workforce.

Final Thoughts: Workday’s stock has lost one-third of its value in the past 12 months.

This is Getting Ugly: Bitcoin slides toward $70,000 as on-chain data flags bear market and traders bet Fed holds in April (CoinDesk)

Dis-Armed: Arm’s stock falls after earnings, showing how high the bar is for AI companies now (MarketWatch)

Beautiful: E.l.f. Beauty posts earnings beat, raises full-year guidance (CNBC)

Plunging: Solana Crashes Below $90 in Stunning Market Reversal (CryptoRank)

Early Boost Attempt: SpaceX Seeks Early Index Entry as It Prepares Massive IPO (Wall Street Journal)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}