A mixed opening on Wall Street; AMD drops about 12% following the reports

16:35

A mixed opening on Wall Street, after yesterday’s declines led by technology stocks. The technology-biased Nasdaq continues its negative momentum from yesterday and is down about 0.5%, the S&P 500 is trading stable and the Dow Jones adds about 0.6% to its value.

The software companies continue to absorb pressures, among themselves Magic , and Ronis , Lumen Technologies andAplobin . Other major names in the software field such as oracle , Krocked Strike , Now service andSalesforce They are also trading in declines. Chip company stock AMD Plunges by over 12%, after its forecasts for the first quarter of 2026 disappointed some analysts and investors.

16:05

The ADP employment index, which tracks the change in the number of people employed in private companies, missed the forecasts of economists, and indicates a faltering labor market and an environment of “low-fire, low-hire” – few layoffs and few hirings.

According to the ADP report, the private companies added 22 thousand jobs in January – less than the addition of 37 thousand jobs in December and significantly below the consensus of economists, which was 45 thousand jobs. CNBC reports that the figure for the month of January is not expected to allay the Federal Reserve’s concerns about the weakness in the American labor market – which in recent months has been the main catalyst for the three interest rate reductions recently carried out by the central bank.

This Friday, the official employment report of the US Bureau of Statistics was supposed to be published, but the publication has been postponed for now, due to the partial shutdown in the US government, which came to an end yesterday afternoon.

15:17

you discovered a provider of satellite communication network solutions and services, announced that it has received an order worth over 10 million dollars from a leading Gateways provider, to support the continued deployment of ground infrastructure for a low-orbit satellite network. The supply of the equipment is expected to take place during the next 12 months.

The ordering of Gilat Wavestream’s Ka-frequency SSPA amplifiers supports high-capacity gateways, and enables continuous and efficient operation of these sites in LEO, MEO and GEO orbits.

14:16

The cyber security company Cyberark whose sale to Palo Alto is scheduled to close soon, published its reports for the fourth quarter and the year 2025. The company registered an 18.5% growth in quarterly revenues to $373 million and in the sum of the years the growth was 36% to $1.36 billion. According to accounting rules (GAAP), Cyberark recorded an annual loss of 147 million dollars, and on a non-GAAP basis an annual net profit of 233 million dollars was recorded.

The gap is mainly due to the capital compensation for employees and reductions of intangible assets. Last summer, Cyberark and Palo Alto announced the purchase deal, which consists of a stock component and a cash component. The deal is expected to close in Palo Alto’s third fiscal quarter, that is, by this April.

11:36

Despite impressive financial reports for the last quarter of 2025, in which it was overtaken AMD the profit and revenue forecasts due to record demand for server processors and AI, the company’s stock is falling this morning by more than 6% in trading in Frankfurt following a disappointing forecast for the coming quarter.

Investors, who had been expecting unbridled growth to close the gap with Nvidia, reacted with concern to the prospect of a slight drop in quarterly revenue, which raises questions about AMD’s ability to maintain momentum in the competitive AI market while its more traditional divisions, such as gaming, are slowing down.

This decline in AMD joins the general trend we have seen in technology and software stocks, which indicates that at the beginning of 2026 the market is no longer satisfied with “good” results, but demands executive integrity in the face of the threats of technological disruption and global geopolitical tensions.

10:30

Trading in Europe this morning is on a positive trend – the Paris and London stock exchanges rise by about 0.5%, Frankfurt unchanged.

Report season is gaining momentum on Wall Street, and technology companies from Israel have also published financial reports in recent days. onAmdox At the same time, they announced a new CEO, Veronis Systems reported on the acquisition of a start-up andAudiocodes weakened by a double-digit rate.

09:16

Most Asian markets are down this morning. The Nikkei index in Japan is down 1.2%, led by technology and chip stocks, including a sharp drop in LaserTech and Konami, and Tokyo Electron lost over 3%. On the other hand, Australia and South Korea registered moderate increases, while Hong Kong and China decreased slightly.

Wall Street contracts are stable this morning.

AMD Tonight published fourth quarter reports that were better than expected, with forecasts being exceeded in both revenue and profit, as well as a forecast for the first quarter that was better than market estimates, but despite this, the stock fell in late trading.

also Amdox Published tonight – the company reported a 4.1% growth in revenue to $1.16 billion and a Non-GAAP net profit of $1.81 per share, higher than forecast. The stock fell 8.6% yesterday but after the reports were published it climbed 4% in late trading. At the same time, it announced a change in the top management: after about 8 years in the position of president and CEO, Shuki Shafer is expected to retire at the end of March and in his place Shimei Hortig, who serves as the president of the Americas group in the company, will be appointed.

Tonight the market will be ready for alphabetical reports.

Yesterday on Wall Street, at the end of a stormy trading day, the Nasdaq fell by 1.4%, the S&P 500 by 0.8%, and the Dow Jones by 0.2%.

Most technology stocks traded lower, including the technology giants that have already published reports: Microsoft It fell by about 3%, Meta by about 2%, and Tesla by about 1%, while Apple retreated slightly. also Nvidia decreased by about 2.5%.

The story yesterday belonged to the software stocks – the launch of advanced autonomous tools by Anthropic caused a shock, and about 300 billion dollars were wiped off the market value of the software sector.

Software stocks have recently been in a negative trend, Snowflake fell by about 9%, Now service at 7%, The iShares Expanded Tech-Software Sector basket fund,VAT decreased by 4.4%. Two Israelis that suffered a sharp decline are stocks Monday.com andWix.com . also Faber andwe stone came down sharply.

Bloomberg published an article yesterday describing an earthquake in the software sector. The dramatic headline “Get Me Out” reflects the panic of traders who are quickly abandoning these stocks. The panic, or fallout, comes after Anthropic released a new AI-based automation tool that investors fear could bite into much of their core business.

Jeffrey Pavozza of Jefferies called it the “SaaSpocalypse” – an apocalypse of software-as-a-service stocks, and described the trade as a “just getting out” style selloff.

The main concern is that Generative AI is no longer just “helping” software companies, but is starting to replace them. Investors fear that companies that have until now sold expensive subscriptions (SaaS) for data management, customer service or legal advice will lose their value because customers will be able to produce similar tools themselves using AI agents.

If in the past companies that provided software as a service (SaaS) were considered a profitable safe haven, today there is a growing understanding that artificial intelligence creates – and in particular autonomous “AI agents” – is capable of performing complex tasks of writing code, legal analysis and customer service on its own, thereby obviating the need for the expensive subscriptions of the old companies. The result is a brutal rotation of capital: the traders run away from everything that smells like “old software” and transfer the money to the physical infrastructure of the revolution, which creates a sense of collapse in the sector that until recently led the market.

Despite the significant losses in the key indexes, most stocks in the S&P 500 actually rose. The shipping giant FedEx considered the “barometer” of the economy, continued its record-breaking rally.

“There’s a rotation going on,” said Steve Sosnick of Interactive Brokers. “The complex question is whether this is a benign redistribution of exposure to assets, or whether this is a sign of some fundamental instability.”

Other stocks that gathered interest yesterday:

stock Paypal (PayPal) plunged about 16%, after the company issued a weak profit forecast for 2026 and reported fourth-quarter results below Wall Street expectations. At the same time, the company appointed a new CEO.

stock Palantir Soared after the company posted strong quarterly results that beat Wall Street forecasts.

Walmart became the first traditional retail chain in the world to reach a market value of one trillion dollars. In reaching the trillion dollar mark, Walmart joins an exclusive club that is almost entirely made up of technology companies, a notable exception for a traditional retailer.

Intel rose in contrast to the negative trend in chip shares. Yesterday it was reported that Apple is reportedly considering a strategic collaboration with Intel, in which the iPhone giant may use Intel to manufacture chips of its own design. Such a deal may be a significant boost to Intel’s foundry operations.

stock Novo Nordisk The company traded in the US fell by about 13% after the company unexpectedly warned that its sales in 2026 are expected to fall more sharply than expected, amid strong price pressure in the American market for its flagship drugs for diabetes and weight loss.

In the US bond market, the yield to maturity on the US government’s 10-year bond is on a slight upward trend to 4.28%. The increase from levels below the 4% mark at the end of last October, reflects an expectation of future interest rate increases in order to overcome inflation. In addition, investors are debating the future policy of the next Fed Governor, Kevin Warsh. Warsh spoke out in favor of reducing the central bank’s balance sheet (by reducing liquidity through the sale or non-purchase of US government bonds); on the other hand, he is expected to reduce interest rates (increasing liquidity in the markets and the rise of stock exchanges). Two moves that may be perceived as contradictory.

In the commodity market, gold returned yesterday and this morning to strengthen, after a landslide at the end of last week. On Friday, gold and silver crashed in the sharpest daily fall in decades. This morning gold was trading at about $5,000 per ounce. The high volatility in metal prices is expected to continue, when quite a few speculators are currently playing a role that shakes up the prices. However, the estimates are that over time gold is a refuge from the weakening of the dollar. (see expansion below).

● The strategy that rewarded companies for accumulating cryptocurrencies – now punishes them

Bitcoin fell below the $73,000 level yesterday, to a low of $72,884, its lowest level in almost 16 months before recovering slightly. This is a daily decrease of more than 6%, and a low that has not been seen since November 2024, when it traded around $68,900. The move reflects the continued flight of investors from risk assets against the background of the sharp volatility in the financial markets.

The currency dragged crypto stocks down with it. The shares of Coinbase and- Robin Hood Markets Each lost more than 4%, a share strategy which are used as a kind of “leveraged bet” on the price of Bitcoin, decreases by almost 8%. All three stocks have already posted double-digit losses since the beginning of this year.

Michael Berry, who became famous for betting against the real estate market before the 2008 crisis, warns that the collapse of Bitcoin could develop into an economic “death spiral” that feeds on itself, causing long-term damage to companies that have accumulated large volumes of Bitcoin in the past year. In a post he published, Berry claimed that Bitcoin has been exposed as a pure speculative asset – and not as a hedge against the erosion of the currency’s value like gold and precious metals – and that further declines could put pressure on balance sheets The large companies that own it, cause forced sales throughout the crypto market and the creation of extensive value destruction throughout the system.

Legendary investor Ray Dalio warned on Tuesday that the world is “on the brink” of a capital war, amid rising geopolitical tensions and volatility in capital markets. A similar warning was issued by Dalio about three weeks ago in Davos.

Speaking to CNBC’s Dan Murphy on the stage of the World Government Summit in Dubai, Dalio said we are close to degenerating into the territory of capital warfare – a situation where money is weaponized through measures such as trade embargoes, blocking access to capital markets, or using debt ownership as a tool of pressure.

“We’re on the brink,” Dalio said. “It means we’re not there yet, but we’re very close to capital war, and it will be very easy to cross that line because of mutual fears.”

He pointed to the recent growing tensions surrounding the Trump administration’s attempts to transfer Greenland – a Danish territory – to Washington’s control. He warned of “fear” among European holders of dollar-denominated assets that they may be subject to sanctions, and that “there may be a mutual fear on the part of the United States that it will not be able to obtain the capital, or the purchases from Europe,” he said. Despite these tensions, gold is still the best place to store money, Dalio said.

This Sunday (February 8) the early elections will be held in Japan, when the Prime Minister will try to use her popularity to increase the number of seats for her party in the parliament, a scenario with a high probability according to the latest polls. It promotes a budget that includes a broad fiscal expansion, centered on the suspension of the consumption tax (equivalent to VAT) on food products for two years.