Presented by

NEWS
AI & Earnings Jitters Jolt Stocks

Tech stock weakness kept a lid on the major indexes, stopping bulls in their tracks and allowing bears to pounce and close the market near its lows. Jitters around slowing AI spending and earnings from Home Depot and other economic bellwethers are keeping investors on their toes in the final week of February. 👀 

Today's issue covers the latest AI developments, Berkshire blasting to new all-time highs, Hims & Hers hurting after earnings, and more from the day. 📰

Here’s the S&P 500 heatmap. 6 of 11 sectors closed green, with healthcare (+0.81%) leading and technology (-1.43%) lagging.

And here are the closing prices: 

COMPANY NEWS
Microsoft Clarifies Its AI Cash Outlay 💵 

Analysts at TD Cowen posted a note on Friday suggesting that Microsoft had canceled some data center leases, causing the tech sector to spiral. The analysts cited channel checks that indicated Microsoft canceled leases with at least two private data center operators. 😲 

However, the company clarified today that it’s sticking to its plan to allocate more than $80 billion of its cash to capital expenditures. With that said it acknowledged that it “may strategically pace or adjust our infrastructure in some areas.”

The company says its well positioned to meet current and increasing customer demand, saying, “Last year alone, we added more capacity than any prior year in history. While we may strategically pace or adjust our infrastructure in some areas, we will continue to grow strongly in all regions. This allows us to invest and allocate resources to growth areas for our future.”

Although Stocktwits sentiment remains ‘bullish,’ just 16% of the 4,500+ community members voting in our poll see Microsoft as their top tech stock for 2025. 😢 

Meanwhile, Alibaba plans to spend $53 billion on AI infrastructure, such as data centers, over the next three years as its pivot to become an AI leader takes hold. This is a major move for the company and China, but its timeline and investment put it behind the curve of U.S. tech giants, who are spending hundreds of billions annually.

Lastly, Anthropic released its ‘most intelligent’ AI model yet, Claude 3.7 Sonnet. The so-called hybrid model combines an ability to reason (or stop to think about complex answers) with a traditional model that spits out answers in real-time. 🤖 

SPONSORED
PE Funding Secured: $100MM+ Dermatology Disrupter Opportunity Closing Soon

🧪 Survivor to founder… Facing an infection with a 70% fatality rate and no available cure, Bradley Burnam decided to develop one himself and Turn Therapeutics was born. The $123M company is on a mission to deliver unparalleled advancements in advanced wound care, eczema, and onychomycosis– a combined $25B+ market. 

🤝 Backed and funded… With already $15M+ in total funding, the company built on the back of Burnam’s cure received a commitment from PE group, GEM, to purchase up to $75 million of stock upon a public listing.

🚀 NASDAQ ticker secured…Turn Therapeutics was granted its Nasdaq ticker, TTRX. The company is inviting all investors to join its crowdfunding campaign on StartEngine: a unique opportunity to be an early investor in a biotech company that has the potential to revolutionize healing.

⏰ Closing soon… This campaign will be ending in less than 30 days, so don’t miss your opportunity and invest today!

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.