{"id":58269,"date":"2026-02-05T17:38:33","date_gmt":"2026-02-05T21:38:33","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-dips-amid-bitcoin-plunge-and-mixed-corporate-earnings-amazon-aws-shines\/58269\/"},"modified":"2026-02-05T17:38:33","modified_gmt":"2026-02-05T21:38:33","slug":"market-dips-amid-bitcoin-plunge-and-mixed-corporate-earnings-amazon-aws-shines","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-dips-amid-bitcoin-plunge-and-mixed-corporate-earnings-amazon-aws-shines\/58269\/","title":{"rendered":"Market Dips Amid Bitcoin Plunge and Mixed Corporate Earnings; Amazon AWS Shines"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> exceeded Q4 sales and AWS growth expectations, with cloud accelerating to <strong>24%<\/strong> ex-FX, despite a minor EPS miss, reinforcing AWS as a primary profit engine.<\/li>\n<li><strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>)<\/strong> plunged below <strong>$70,000<\/strong> for the first time since November, wiping out all post-election gains amid leveraged liquidations and a broader risk-off sentiment in crypto markets.<\/li>\n<li>The <strong>NASDAQ<\/strong> experienced a significant decline, closing down <strong>357.8 points<\/strong>, or <strong>1.56%<\/strong>, at <strong>22,546.76<\/strong>, reflecting a broader market downturn.<\/li>\n<li><strong>Novo Nordisk (<a href=\"\/stock\/NVO\">NVO<\/a>)<\/strong> is preparing legal action against <strong>Hims &amp; Hers (<a href=\"\/stock\/HIMS\">HIMS<\/a>)<\/strong> over a &quot;copycat&quot; Wegovy pill, sparking a pharmaceutical sector dispute.<\/li>\n<li><strong>Microchip Technology (<a href=\"\/stock\/MCHP\">MCHP<\/a>)<\/strong> surpassed Q3 earnings and revenue estimates and provided an optimistic Q4 outlook, while <strong>MicroStrategy (<a href=\"\/stock\/MSTR\">MSTR<\/a>)<\/strong> reported its Q4 update with substantial Bitcoin holdings, though GAAP EPS missed estimates due to crypto volatility.<\/li>\n<\/ul>\n<h3>Market Overview and Cryptocurrency Volatility<\/h3>\n<p>U.S. equities closed lower on Thursday, with the <strong>NASDAQ<\/strong> unofficially ending down by <strong>357.8 points<\/strong>, or <strong>1.56%<\/strong>, at <strong>22,546.76<\/strong>. This decline was part of a broader &quot;risk-off sentiment&quot; that also saw the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> fall <strong>1.2%<\/strong> and the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average drop nearly <strong>600 points<\/strong>, or <strong>1.2%<\/strong>.<\/p>\n<p>Adding to market jitters, <strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>)<\/strong> slid below <strong>$70,000<\/strong> for the first time since November, erasing all post-Trump election gains. The cryptocurrency&#39;s decline, which saw it briefly trade near <strong>$63,000<\/strong>, was attributed to leveraged liquidations and a general shift away from risk assets in crypto markets.<\/p>\n<h3>Tech Sector Performance: Amazon Shines, Microchip and MicroStrategy Report<\/h3>\n<p><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> delivered a strong fourth quarter, beating sales and <strong>AWS<\/strong> expectations. The e-commerce giant reported Q4 revenue of <strong>$213.39 billion<\/strong>, surpassing analyst estimates of <strong>$211.49 billion<\/strong>. While its adjusted EPS of <strong>$1.95<\/strong> slightly missed the <strong>$1.96<\/strong> consensus, cloud growth in <strong>Amazon Web Services (AWS)<\/strong> accelerated to <strong>24%<\/strong> year-over-year excluding foreign exchange, marking its fastest growth in 13 quarters. <strong>AWS<\/strong> remains a key driver of profit momentum for the company. Looking ahead, Amazon forecasts significant capital expenditures for 2026, ranging from <strong>$175 billion to $185 billion<\/strong>, roughly double the <strong>$91.45 billion<\/strong> spent in 2025, primarily for AI infrastructure.<\/p>\n<p>In other tech news, <strong>Microchip Technology (<a href=\"\/stock\/MCHP\">MCHP<\/a>)<\/strong> reported Q3 adjusted EPS of <strong>$0.44<\/strong>, exceeding the estimated <strong>$0.42<\/strong>, on net sales of <strong>$1.19 billion<\/strong>, slightly above the <strong>$1.18 billion<\/strong> estimate. The company also provided an optimistic Q4 outlook, projecting net sales between <strong>$1.24 billion and $1.28 billion<\/strong> and adjusted EPS of <strong>48 cents to 52 cents<\/strong>, both at or above analyst expectations.<\/p>\n<p>Meanwhile, <strong>MicroStrategy (<a href=\"\/stock\/MSTR\">MSTR<\/a>)<\/strong> provided its Q4 and full-year update, revealing substantial <strong>Bitcoin<\/strong> holdings of <strong>713,502 BTC<\/strong> as of February 1, with a total cost of <strong>$54.3 billion<\/strong>, or <strong>$76,052 per bitcoin<\/strong>. The company&#39;s Q4 revenue came in at <strong>$123.0 million<\/strong>, slightly beating the <strong>$118.5 million<\/strong> consensus. However, <strong>MicroStrategy<\/strong> posted a GAAP EPS of <strong>-$42.93<\/strong>, significantly missing the <strong>-$20.99<\/strong> estimate, largely due to unrealized losses on its Bitcoin holdings.<\/p>\n<h3>Pharmaceutical and Global Trade Developments<\/h3>\n<p>A significant dispute emerged in the pharmaceutical sector as <strong>Novo Nordisk (<a href=\"\/stock\/NVO\">NVO<\/a>)<\/strong> slammed <strong>Hims &amp; Hers (<a href=\"\/stock\/HIMS\">HIMS<\/a>)<\/strong> over its cheaper, copycat version of the <strong>Wegovy<\/strong> pill. <strong>Novo Nordisk<\/strong> has vowed legal and regulatory action, calling the move &quot;illegal mass compounding&quot; that poses a &quot;significant risk to patient safety.&quot; <strong>Hims &amp; Hers<\/strong> is offering an introductory price of <strong>$49<\/strong> for the first month, a substantial discount compared to <strong>Novo Nordisk&#39;s<\/strong> authentic <strong>Wegovy<\/strong> pill, which costs <strong>$149<\/strong> for the starting dose. This comes after <strong>Novo Nordisk<\/strong> previously terminated a partnership with <strong>Hims &amp; Hers<\/strong> in mid-2025 due to similar compounding and marketing disagreements.<\/p>\n<p>On the global trade front, <strong>Canada<\/strong> announced plans to revamp its auto tariffs with a new &quot;import credit&quot; system. This initiative aims to incentivize domestic production, counter U.S. tariff pressure, and safeguard auto plants and jobs within the country. Canada has maintained <strong>25%<\/strong> counter-tariffs on U.S.-made cars and trucks.<\/p>\n<p>In the aviation industry, <strong>Saudi Arabia&#39;s<\/strong> flagship carrier is in early talks with both <strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong> and <strong>Airbus (<a href=\"\/stock\/AIR\">AIR<\/a>)<\/strong> for a potential historic order of at least <strong>150 jets<\/strong>. This move is part of the Kingdom&#39;s accelerated push to become a global tourism and aviation hub. The airline has made significant fleet investments in recent years, including an order for <strong>105 Airbus<\/strong> narrowbody jets in 2024 and over <strong>three dozen Boeing 787 Dreamliners<\/strong> in 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Amazon (AMZN) exceeded Q4 sales and AWS growth expectations, with cloud accelerating to 24% ex-FX, despite a minor [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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