WEEKLY VIBE
Holiday-shortened week, full-length headlines: the Fed minutes hit Wednesday, GDP surprised (in the wrong direction) Friday morning, and the Supreme Court’s tariff ruling Friday afternoon gave risk a last-minute lift. Mag7 mostly climbed, led by Amazon + Alphabet, while AI infrastructure news (Meta ↔ NVIDIA) kept “compute is the new oil” energy alive.
The Magnificent Seven
📦 Amazon (AMZN) | 📈 +4.45% WoW
Amazon ripped as the market reframed “spend” as “moat-building.”
Shares bounced after coverage highlighted Amazon’s $200B capex (capital spending on long-term assets) plan as AI/data-center driven—and investors started treating it less like a shock and more like an arms race cost.
Impact: AWS scale wins when Amazon can keep capacity ahead of demand without torching margins.
🔍 Alphabet/Google (GOOGL) | 📈 +4.29% WoW
Alphabet led the tape with an “AI ships, numbers follow” vibe.
Google announced Gemini 3.1 Pro (preview), and tucked in a headline-grabbing benchmark: 77.1 on ARC-AGI-2 (a reasoning benchmark).
Impact: Better models strengthen the case that Search and Ads get upgraded—not replaced.
📸 Snapshots
📊 MAG7 ETF SNAPSHOT - WEEK of 2/17 → 2/20
ETF (Ticker) | % Change |
|---|---|
Roundhill Magnificent Seven (MAGS) | 📈 +2.17% |
📊 MAG7 SNAPSHOT - WEEK of 2/17 → 2/20
Company (Ticker) | % Change |
|---|---|
Alphabet (GOOGL) | 📈 +2.29% |
Amazon (AMZN) | 📈 +4.45% |
Apple (AAPL) | 📈 +0.27% |
Microsoft (MSFT) | 📈 +0.09% |
Meta (META) | 📈 +2.56% |
Nvidia (NVDA) | 📈 +2.62% |
Tesla (TSLA) | 📈 +0.29% |
📊 INDEX SNAPSHOT - WEEK of 2/17 → 2/20
Company (Ticker) | % Change |
|---|---|
Dow (^DJI) | 📈 +0.19% |
NASDAQ (^IXIC) | 📈 +1.36% |
S&P (^GSPC) | 📈 +0.97% |
💾 Nvidia (NVDA) | 📈 +2.62% WoW
NVIDIA got a very on-brand catalyst: a giant customer doubling down.
NVIDIA announced a multiyear partnership with Meta that includes millions of Blackwell and Rubin GPUs plus Grace CPUs and Spectrum-X networking—framed around performance per watt (compute delivered per unit of power).
Impact: This is demand visibility—real infrastructure commitments, not just “AI is cool” vibes.
🕶 Meta (META) | 📈 +2.56% WoW
Meta helped re-ignite the “AI buildout is still happening” narrative.
Meta said the NVIDIA partnership will supply tech for its AI-optimized data centers, emphasizing performance per watt and Confidential Computing (hardware-based protections for data while it’s being processed).
Impact: The market keeps asking one question: “When does AI capex turn into durable cash flow?”
⚡ Tesla (TSLA) | 📈 +0.29% WoW
Tesla was basically flat, but autonomy headlines were not.
CBS reported Tesla’s Austin robotaxis were involved in 14 crashes since launch (per crash data Tesla disclosed to NHTSA). Separately, California’s DMV said Tesla took corrective action on “Autopilot” marketing to avoid a 30-day license suspension in the state.
Impact: Regulators and safety data can move autonomy timelines faster than product roadmaps.
🍎 AAPL (Apple) | 📈 +0.27% WoW
Apple had a “quiet price, loud calendar” week.
Apple’s March 4 media invite (“special Apple Experience”) circulated widely, with coverage framing it as an early-March catalyst for hardware/software chatter.
Impact: In a market obsessed with AI spend, a clean product catalyst can be a sneaky sentiment reset.
💻 Microsoft (MSFT) | 📉 -3.00% WoW
Microsoft’s stock was calm, but the data-center reality check got louder.
Microsoft said it achieved a major sustainability milestone: matching 100% of its annual electricity use with renewable energy, noting 40 gigawatts of contracted renewables across 26 countries—timely as AI data centers raise the power bar.
Impact: AI scale isn’t just GPUs—it’s power procurement, grid constraints, and operating efficiency.
🔗 Mag7-Linked Stocks
Cadence Design Systems (CDNS): Reported Q4/FY2025 results (EDA = electronic design automation—software used to design chips), the kind of “picks and shovels” demand that tends to rise with more AI silicon programs.
Impact: More chip complexity + tighter timelines typically boosts demand for design tools.
Analog Devices (ADI): Posted fiscal Q1 2026 results and highlighted broad demand; AI infrastructure still pulls through power, signal, and data-center-adjacent semis—not just GPUs.
Impact: If hyperscalers keep building, “supporting chips” can quietly compound.
🌊 Ripple Effect (market wrap)
Tariffs: The Supreme Court invalidated most of Trump’s tariffs (ABC reported ~70% struck), and markets treated it as a late-week risk-on tailwind.
Growth: BEA’s GDP release showed Q4 2025 real GDP up 1.4% (advance estimate), adding “soft landing or slowdown?” tension into Friday morning.
Rates/Fed tone: The Fed released minutes from the Jan 27–28 meeting on Feb 18, keeping the “data-dependent” drumbeat front and center.
AI trade: Meta↔NVIDIA headlines reinforced that the AI buildout is increasingly about systems (chips + networking + power efficiency), not single-product hype.
🔮 What’s Next
NVDA earnings (Feb 25): The market’s biggest “AI reality check” moment—guidance matters more than the quarter.
Apple’s March 4 event: watch for product mix signals (and any AI/services framing).
Tariff aftershocks: refund mechanics + any policy workarounds could create fresh volatility around trade-sensitive names.
🧩Closing Insights
This week wasn’t about new narratives—it was about pricing the existing ones correctly: AI buildouts stayed real, the macro stayed messy, and the tape still rewarded clarity.
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