American tech giants’ stocks resumed growth after a three‑day decline

After a series of statements from the largest U.S. cloud providers about planned capital expenditures of up to $650 billion this year, the market reacted with falling prices in their stocks, leading to a devaluation of the combined market capitalization of these companies by roughly $1 trillion. By Friday, however, the trend had reversed: “big‑tech” shares began rising again.

New index figures

- The Nasdaq Composite rose 2.2% on Friday, cutting its weekly loss to just 1.8%.

- Nvidia shares climbed 7.8%, and Intel and Broadcom also saw price increases.

- Bitcoin partially recovered from its recent dip: its price rose 12% in a day to $70,367. Shares of investment companies holding large cryptocurrency positions also moved higher.

Amazon and other tech giants

Despite announcing an increase in the company’s capital expenditures to record levels of $200 billion (1.5 times higher than the current level), Amazon shares fell 5.6%. Nevertheless, most U.S. technology stocks shifted from decline to growth by the end of the week:

- The S&P 500 rose 2%,

- The Dow Jones Industrial Average added 2.5% and crossed the 50,000‑point mark for the first time.

Reevaluating AI investments

Analysts note that investors have become more selective regarding companies tied to artificial intelligence. Because the “potential return” from large AI spending is not yet obvious, demand for such issuers’ shares is declining. More often they ask: how quickly will these capital outlays start generating profit?

Software development sector issues

This week software developer stock prices fell after the startup Anthropic released specialized plugins for the Claude Code AI agent. These tools accelerate software development and open new possibilities for analyzing industry contracts from a legal perspective. However, by Friday the price decline had stopped: experts concluded that at this stage “critically important” corporate software will not yet be quickly replaced by AI tools.