WEEKLY VIBE
Markets leaned risk-off as investors wrestled with “how much AI spending is too much?”—and punished anything that looked like open-ended investment. Friday’s Consumer Price Index (CPI) print cooled the room a bit (headline CPI +0.2% m/m; +2.4% y/y), but not enough to fully undo the week’s de-risking.
The Magnificent Seven
🍎 Apple (AAPL) | 📉 -6.90% WoW
Apple took a bruising as “AI timelines” met “regulator timelines.”
Apple confirmed its revamped Siri is still slated for 2026, but reporting suggested key upgrades may be slipping (read: more “later this year” than “soon”).
Separately, the FTC issued a warning letter to Tim Cook over allegations about Apple News content curation.
Impact: If AI features slip while scrutiny rises, Apple’s “services + intelligence” story loses momentum at the margin.
🔍 Alphabet/Google (GOOGL) | 📉 -5.70% WoW
Alphabet’s week screamed “fund the future,” even if the market preferred “fund the present.”
Alphabet lined up major bond issuance as hyperscalers ramp spending right when investors were most sensitive to capex (capital spending on long-term assets) trajectories.
Meanwhile, the autonomy arms race stayed loud in the background as Waymo expanded fully driverless operations into Nashville.
Impact: More funding + more AI buildout can be bullish long-term, but near-term multiple compression is real when spending looks unbounded.
📸 Snapshots
📊 MAG7 ETF SNAPSHOT - WEEK of 2/9 → 2/13
ETF (Ticker) | % Change |
|---|---|
Roundhill Magnificent Seven (MAGS) | 📉 -4.20% |
📊 MAG7 SNAPSHOT - WEEK of 2/9 → 2/13
Company (Ticker) | % Change |
|---|---|
Alphabet (GOOGL) | 📉 -5.70% |
Amazon (AMZN) | 📉 -4.8% |
Apple (AAPL) | 📉 -6.9% |
Microsoft (MSFT) | 📉 -3.00% |
Meta (META) | 📉 -5.50% |
Nvidia (NVDA) | 📉 -3.80% |
Tesla (TSLA) | 📈 +0.0% |
📊 INDEX SNAPSHOT - WEEK of 2/9 → 2/13
Company (Ticker) | % Change |
|---|---|
Dow (^DJI) | 📉 -1.30% |
NASDAQ (^IXIC) | 📉 -3.00% |
S&P (^GSPC) | 📉 -1.80% |
🕶 META (Meta) | 📉 -5.50% Wow
Europe basically told Meta: “WhatsApp can’t be a one-AI-assistant town.”
EU regulators escalated action over Meta limiting third-party AI assistants on WhatsApp, signaling rare “interim measures” to prevent what they called potentially irreparable competitive harm.
Impact: If regulators force WhatsApp to stay open, Meta’s distribution advantage for Meta AI gets less exclusive—and less sticky.
📦 AMZN (Amazon) | 📉 -4.80% WoW
Amazon’s AI strategy ran straight into the internet’s favorite genre: “who owns the data?”
Amazon reportedly explored a marketplace where publishers could license content directly to AI companies, an attempt to make training data more “legal-and-clean” instead of “lawsuit-and-messy.”
Impact: If Amazon becomes the tollbooth for licensed training data, AWS’s AI ecosystem could gain a differentiated (and defensible) supply chain.
💾 NVDA (Nvidia) | 📉 -3.80% WoW
Nvidia slipped, but the real story was the countdown clock.
Nvidia headed into its Feb. 25 earnings with expectations still anchored to massive data-center growth and a ~$65B revenue target for the quarter.
Impact: When the whole market is debating AI capex, Nvidia’s guidance becomes the “truth serum” for the AI trade.
💻 MSFT (Microsoft) | 📉 -3.00% WoW
Microsoft got a reminder that “platform power” comes with “platform questions.”
Reports said the FTC intensified scrutiny into Microsoft’s cloud/software licensing and bundling, especially as AI tools like Copilot become more tightly woven into enterprise stacks.
Impact: Regulatory friction doesn’t break the Azure story overnight—but it can raise the “cost of doing business” in bundling-led growth.
⚡ TSLA (Tesla) | 📈 +0.0% WoW
Tesla ended flat—because demand headlines and autonomy hype basically arm-wrestled to a draw.
Registration data cited by Motor Intelligence suggested Tesla’s U.S. sales fell an estimated 17% year-over-year in January.
Impact: When demand wobbles, investors want autonomy progress to feel nearer-term, and not “eventually.”
🔗 Mag7-Linked Stocks
Advanced Micro Devices (AMD): Nvidia’s pre-earnings setup highlighted competitive pressure narratives—AMD’s MI300 accelerators kept coming up as the “credible alternative” in AI data centers.
Impact: Any sign of share gains can reshape AI-infra positioning across the whole complex.
Intel (INTC): Intel’s Gaudi line was framed as a cost-focused option as buyers diversify away from single-vendor dependence.
Impact: Even small traction matters when hyperscalers start optimizing for price/performance, not just peak performance.
🌊 Ripple Effect (market wrap)
Inflation cooled: CPI ran +0.2% m/m and +2.4% y/y, while core CPI (inflation excluding food and energy) rose +0.3% m/m and +2.5% y/y.
Rates eased into Friday: U.S. 10Y was around 4.06% late week as markets recalibrated.
Big picture: Nasdaq’s bigger drop matched the market’s current obsession: AI spend is good… until it becomes infinite.
🔮 What’s Next
Holiday heads-up: U.S. markets closed Mon, Feb 16 (Washington’s Birthday) → watch for thinner liquidity the rest of the week.
Nvidia earnings (Feb 25): The AI trade’s most important “scoreboard update.”
Next CPI date: February CPI scheduled for Wed, Mar 11.
Regulation watch: EU’s interim-measures posture on WhatsApp/AI is a template—others may copy-paste.
🧩Closing Insights
This week wasn’t anti-AI it was anti-blank check. The market’s new favorite feature request: “Show me the ROI (return on investment).”
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