Stock Market Summary – February 10, 2026

Alphabet Inc. has raised over $30 billion via a series of bond sales, amid a heightened demand for quality debt from tech leaders focused on artificial intelligence. The bond issuance exceeds Alphabet’s earlier expectation of raising $20 billion. The funding will cover the firm’s committed capital expenditure for 2026 of over $185 billion, more than double its expenditure in 2025. Tech giants including Alphabet, Amazon, Meta, and Microsoft are collectively forecast to spend nearly $700 billion in 2026. This surge in spending is expected to result in a sharp drop in free cash flow.

In today’s stock market, a series of companies experienced significant movements. Among the losers were Amentum Holdings, a defense contractor whose stocks fell 12% following missed Q1 revenue and EBITDA estimates, and BP Plc, which saw a 6% decline after suspending its share buyback program to strengthen its balance sheet. On the other hand, stocks like Datadog rose 16% after both Q4 results and Q1 outlook exceeded expectations. Similarly, Ichor Holdings’ shares grew 37% following strong Q4 results and a positive outlook for Q1.

Coca-Cola’s Q4 results show mixed outcomes, as adjusted earnings per share exceeded expectations but revenue fell short at $11.82 billion against an estimated $12.03 billion. Simultaneously, Google parent company, Alphabet, warned in its fiscal year financial report about the potential risks associated with increased public usage of AI.

Energy stocks were also in the mix, with Ford Motor Company set to report its Q4 results as it contends with a surge in one-time charges. Elon Musk’s artificial intelligence startup, xAI, saw the departure of another co-founder, Tony Wu. Lastly, the Environmental Protection Agency is expected to reverse a critical scientific statement supporting the ability of the U.S. government to regulate greenhouse gases. This move is likely to significantly impact climate regulations and the fossil fuel industry. General market indicators for Dow, S&P, and Nasdaq are yet to be revealed.