---
title: "February 5 US stock market after-hours review"
description: "AI panic spreads, full-scale pullback begins! AMZN's massive capital expenditure adds fuel to the fire; Annual discount season coming? Today, both the S&P and Nasdaq fell more than 1%, with only 1"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/38543785.md"
published_at: "2026-02-06T03:25:31.000Z"
author: "[南瓜美股](https://longbridge.com/en/profiles/11897288)"
---

# February 5 US stock market after-hours review

> ### AI panic spreads, full-scale pullback begins! AMZN's massive capital expenditure adds fuel to the fire; Annual discount coming?

Today, both the S&P and Nasdaq fell more than 1%, with only 1 out of 11 S&P sectors closing higher, and the decline expanded from the tech sector to all industries.

The market narrative now is to question everything about AI: AI disrupting industries, AI capital expenditure being too high, AI valuations being excessive—it's very contradictory:  
AI disrupts software, which is good for AI, but computing power is falling;  
Big tech's high capital expenditure is good for AI, but computing power is falling.

Is AI about to crash? In my view, it's just an excuse for the pullback~  
Now that the pullback everyone was expecting has arrived, do you dare to buy this time?

I will top up the positions I reduced during the previous rally and the unfinished long-term positions as planned 😄

This time, it's unlikely to be like last year when FOMO sentiment caused a quick rebound after a slight drop—at least February won't be great.

Amazon  
After-hours plunge of 11%  
This quarter's performance was strong, but the massive capital expenditure once again became a target.  
The four major tech stocks faced the same issue, with the market worried about future profit margins. The drop is normal, but the magnitude is a bit excessive.

After several consecutive days of declines, many high-quality stocks have entered long-term buying points, while some remain overvalued. Interested friends can choose from the list below and buy in batches, ranked in order:

Long-term buying points reached: NVDA, MSFT, META, AMZN, AVGO, NFLX, AMD$NVIDIA(NVDA.US) $Microsoft(MSFT.US) $Meta Platforms(META.US) $Amazon(AMZN.US) $Broadcom(AVGO.US) $Netflix(NFLX.US) $AMD(AMD.US)   
Still overvalued, wait for: GOOG, TSLA, AAPL, ASML, TSM, LLY$Alphabet - C(GOOG.US) $Tesla(TSLA.US) $Apple(AAPL.US) $ASML(ASML.US) $Taiwan Semiconductor(TSM.US) $Eli Lilly(LLY.US) 

> I'm Pumpkin 🎃, your U.S. stock investment partner. Long-term index tracker, focusing on big tech, semiconductors, and leading stock trends, bringing daily post-market trading recaps.  
> If you find my content helpful, feel free to follow!

### Related Stocks

- [META.US - Meta Platforms](https://longbridge.com/en/quote/META.US.md)
- [NFLX.US - Netflix](https://longbridge.com/en/quote/NFLX.US.md)
- [AVGO.US - Broadcom](https://longbridge.com/en/quote/AVGO.US.md)
- [AAPL.US - Apple](https://longbridge.com/en/quote/AAPL.US.md)
- [MSFT.US - Microsoft](https://longbridge.com/en/quote/MSFT.US.md)
- [MSFL.US - GraniteShares 2x Long MSFT Daily ETF](https://longbridge.com/en/quote/MSFL.US.md)
- [MSFO.US - YieldMax MSFT Option Income Strategy ETF](https://longbridge.com/en/quote/MSFO.US.md)
- [MSFD.US - Direxion Daily MSFT Bear 1x Shares](https://longbridge.com/en/quote/MSFD.US.md)
- [MSFU.US - Direxion Daily MSFT Bull 2X Shares](https://longbridge.com/en/quote/MSFU.US.md)
- [MSFX.US - T-Rex 2X Long Microsoft Daily Target ETF](https://longbridge.com/en/quote/MSFX.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.