--- title: "AI Uncertainty Melts Away Market Gains" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/275850833.md" description: "The stock market experienced significant declines, with the Dow dropping 669 points (-1.34%) and the S&P 500 falling 108 points (-1.57%) amid concerns over economic strength following a poor Existing Home Sales report. AI-related stocks, including CBRE and AppLovin, saw notable losses. Despite strong earnings from companies like Expedia and Roku, market uncertainty led to sell-offs. Airbnb missed earnings expectations, while Coinbase reported a loss. Applied Materials and Rivian posted strong results, with shares rising in after-hours trading. Overall, investor sentiment remains cautious due to AI's impact on the economy." datetime: "2026-02-13T04:51:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275850833.md) - [en](https://longbridge.com/en/news/275850833.md) - [zh-HK](https://longbridge.com/zh-HK/news/275850833.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/275850833.md) | [English](https://longbridge.com/en/news/275850833.md) # AI Uncertainty Melts Away Market Gains _Image Source: Unsplash_ A funny thing happened on the way to the stock market rally: confidence in economic strength began to sharply erode upon the worst Existing Home Sales report in four years. This seemed to generate a drop in bond yields, which led to a general “needle-scratch” across trading as of mid-morning. The Dow skidded -669 points, -1.34%, the S&P 500 -108, -1.57%, the Nasdaq -469, -2.03% and the small-cap Russell 2000 fell -53 points, -2.01%. AI disruptions were front and center, easily spotted in commercial real estate giants like **CBRE** (CBRE - Free Report) and **Jones Lang LaSalle** (JLL - Free Report), down -8.8% and -7.5% today, respectively. Software remains a perceived target of AI’s ascendance, seen clearly in **AppLovin’s** (APP - Free Report) -19% drop today, even after beating on earnings yesterday. Ultimately, today’s selloff is borne from uncertainty, as investors continue to reassess how AI can be expected to transform the economy — employment included. **Existing Home Sales** melted down from a 12-month high 4.27 million seasonally adjusted, annualized units to 3.91 million in January, the biggest one-month drop, -8.4%, since February of 2022. The chief economist at the National Association of Realtors stated that “affordability conditions are improving,” and an exceptionally cold month likely played some role here. ### **Q4 Earnings Extravaganza After the Close: EXPE, ABNB, COIN, ROKU & More** **Expedia** (EXPE - Free Report) outperformed expectations in its Q4 report this afternoon, but shares continue to sell off in late trading. Earnings of $3.78 per share were nicely ahead of the $3.46 in the Zacks consensus for the travel booking company’s third-straight beat, while revenues of $3.55 billion came in ahead of expectations and representing +11% year over year growth. Q4 bookings, Adjusted EBITDA and Business-to-Business all came in higher than expected. But overall trading is a little haunted right now, so shares are down -3% in the after-market. One notable exception to this is Zacks Rank #1 (Strong Buy)-rated **Roku** (ROKU - Free Report), which came in well above estimates on both top and bottom lines: earnings of 53 cents per share zipped past the 28 cents anticipated on $1.39 billion in revenues, ahead of the $1.35 billion in the Zacks consensus. Shares immediately gained +19% on the news, but have since tamed somewhat. **Airbnb** (ABNB - Free Report) missed earnings expectations by a solid dime to $0.56 per share, but that was due to a one-time tax expense for the quarter. Revenues came in at $2.78 billion, ahead of the $2.72 billion analysts were looking for. This was the 20th quarter in the last 21 that Airbnb has come out ahead on revenues. The full-year guide was also higher. **Coinbase** (COIN - Free Report) endured a rough quarter with the loss of value to Bitcoin and other crypto, but the company’s -$2.49 per share for Q4 we do not believe to be comparable with the +$0.61 expected, though revenues also missed projections: $1.78 billion versus $1.82 billion in the Zacks consensus. Transaction revenues and subscriptions were both light of expectations. Zacks Rank #2 (Buy)-rated **Applied Materials** (AMAT - Free Report), on the other hand, had a healthy fiscal Q3, with earnings of $2.38 per share on revenues of $7.01 billion surpassing the $2.19 per share and $6.89 billion anticipated. Semiconductor equipment sales are expected to boom for the company in this 2026 AI build-out. Shares are up +13% in after-hours trading. EV maker **Rivian** (RIVN - Free Report) also posted Q4 beats on both top and bottom lines, with -$0.54 per share an improvement over the -$0.69 expected, with $1.29 billion in revenues coming in, compared with $1.26 billion analysts were looking for. Even with the EV tax credit abolished, Rivian expects to deliver between 62K-67K vehicles in 2026, with the new R2 expected in Q2 of this year. Shares are up +16% on that news. * * * _More By This Author:_ Market Indexes Scuba Dive On "Risk-Off" Fears Rotation Trade A Boon For Dow 30 Today Markets Rotate Back Out Of Tech, Q4 Earnings After The Close ### 相關股票 - [AppLovin (APP.US)](https://longbridge.com/zh-HK/quote/APP.US.md) - [CBRE (CBRE.US)](https://longbridge.com/zh-HK/quote/CBRE.US.md) - [Roku (ROKU.US)](https://longbridge.com/zh-HK/quote/ROKU.US.md) - [Rivian Automotive (RIVN.US)](https://longbridge.com/zh-HK/quote/RIVN.US.md) - [Applied Materials (AMAT.US)](https://longbridge.com/zh-HK/quote/AMAT.US.md) - [Expedia (EXPE.US)](https://longbridge.com/zh-HK/quote/EXPE.US.md) - [GraniteShares 2x Long RIVN Daily ETF (RVNL.US)](https://longbridge.com/zh-HK/quote/RVNL.US.md) - [iShares US Real Estate ETF (IYR.US)](https://longbridge.com/zh-HK/quote/IYR.US.md) ## 相關資訊與研究 - [Insider Selling: Roku (NASDAQ:ROKU) Director Sells 2,000 Shares of Stock](https://longbridge.com/zh-HK/news/281682595.md) - [Rivian Automotive (RIVN) Valuation Snapshot After Recent Share Price Moves](https://longbridge.com/zh-HK/news/281501280.md) - [Looking for the Next AI Winner? Expedia Stock Could Take the Cake.](https://longbridge.com/zh-HK/news/281391019.md) - [D.A. Davidson Upgrades Rivian Stock (RIVN), But Stays Cautious on the EV Maker](https://longbridge.com/zh-HK/news/281485987.md) - [Tesla Rival Rivian's US Sales Decline For Fourth Consecutive Month Ahead Of R2 Launch](https://longbridge.com/zh-HK/news/281485649.md)