February 5 US stock market after-hours review

AI panic spreads, full-scale pullback begins! AMZN's massive capital expenditure adds fuel to the fire; Annual discount coming?

Today, both the S&P and Nasdaq fell more than 1%, with only 1 out of 11 S&P sectors closing higher, and the decline expanded from the tech sector to all industries.

The market narrative now is to question everything about AI: AI disrupting industries, AI capital expenditure being too high, AI valuations being excessive—it's very contradictory:
AI disrupts software, which is good for AI, but computing power is falling;
Big tech's high capital expenditure is good for AI, but computing power is falling.

Is AI about to crash? In my view, it's just an excuse for the pullback~
Now that the pullback everyone was expecting has arrived, do you dare to buy this time?

I will top up the positions I reduced during the previous rally and the unfinished long-term positions as planned 😄

This time, it's unlikely to be like last year when FOMO sentiment caused a quick rebound after a slight drop—at least February won't be great.

Amazon
After-hours plunge of 11%
This quarter's performance was strong, but the massive capital expenditure once again became a target.
The four major tech stocks faced the same issue, with the market worried about future profit margins. The drop is normal, but the magnitude is a bit excessive.

After several consecutive days of declines, many high-quality stocks have entered long-term buying points, while some remain overvalued. Interested friends can choose from the list below and buy in batches, ranked in order:

Long-term buying points reached: NVDA, MSFT, META, AMZN, AVGO, NFLX, AMD$NVIDIA(NVDA.US) $Microsoft(MSFT.US) $Meta Platforms(META.US) $Amazon(AMZN.US) $Broadcom(AVGO.US) $Netflix(NFLX.US) $AMD(AMD.US) 
Still overvalued, wait for: GOOG, TSLA, AAPL, ASML, TSM, LLY$Alphabet - C(GOOG.US) $Tesla(TSLA.US) $Apple(AAPL.US) $ASML(ASML.US) $Taiwan Semiconductor(TSM.US) $Eli Lilly(LLY.US) 

I'm Pumpkin 🎃, your U.S. stock investment partner. Long-term index tracker, focusing on big tech, semiconductors, and leading stock trends, bringing daily post-market trading recaps.
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