Today’s Market Recap: Tech and Crypto Rebound Sharply as AI Bets Intensify

Track the Market Trend

TradingKey - On February 6, 2026, U.S. equities closed sharply higher, with the S&P 500 gaining 1.97% to finish the week at 6,932. The Nasdaq Composite advanced 2.18% to settle at 23,031, lifted by strength in semiconductor and tech-related shares.

Nvidia’s (NVDA) stock jumped 7% after CEO Jensen Huang noted exceptionally strong demand for AI technologies. The comments fueled a broader rally in chipmakers, with the semiconductor index rising 5.7% on the day.

Iren (IREN), a vertically integrated infrastructure operator originally focused on Bitcoin mining, ended the session at $41.83, up 5.13%. The rebound followed a week of weakness triggered by underwhelming Q2 earnings. While Friday’s advance helped recoup some losses, investor caution remained around Iren’s shift toward AI data centers. Market focus has turned to the execution of its Microsoft-backed cloud strategy and the scalability of its energy infrastructure.

Amazon (AMZN) declined 5.55% to close at $210.32 after the company announced a $200 billion capital investment plan for 2026, primarily directed toward expanding AI capabilities and cloud infrastructure. The scale of projected spending raised concerns about future free cash flow and margin compression.

Robinhood Markets (HOOD) soared 13.95% to $82.82, buoyed by a recovery in digital assets. With cryptocurrencies rebounding strongly ahead of the firm’s earnings report, investors turned optimistic about trading volumes and user engagement tied to crypto exposure.

Following Thursday’s sharp decline, cryptocurrencies staged a strong comeback. Bitcoin (BTCUSD) jumped 11%, rebounding to the $70,000 mark, while Ethereum (ETHUSD) climbed an equal 11%, reclaiming levels above $2,000. The rebound helped restore confidence in digital assets, particularly among retail traders.

Crypto mining stocks also participated in the rally. Marathon Digital Holdings (MARA) surged 22.44% to $8.24, while Riot Platforms (RIOT) advanced 19.82% to $14.45, as market appetite for high-beta names returned.

Precious metals posted a dramatic turnaround. After an initial 10% drop in silver (XAGUSD) prices triggered by higher CME margin requirements, the metal reversed sharply and ended the session up 20% from intraday lows. Spot gold (XAUUSD) rose nearly 4% by the close. Crude oil (USOIL) prices edged slightly higher.

Market Headline

The Dow surges past 50,000 as Trump sets bold target of 100,000 by the end of term. The Dow Jones Industrial Average broke above the 50,000 milestone, prompting President Donald Trump to declare the achievement as “three years ahead of schedule.” 

Anthropic’s valuation could hit $350 billion amid surging investor demand. Enterprise AI startup Anthropic is in the midst of a funding round that has now doubled in size to over $20 billion, up from a previously targeted $10 billion. The round is expected to push the company’s valuation to approximately $350 billion. Key backers include Nvidia, Microsoft (MSFT), and several top-tier venture capital firms, underscoring rising confidence in Anthropic’s capabilities in enterprise-grade AI infrastructure.

Personal AI agents go mainstream as OpenClaw gains traction. OpenClaw, a next-gen personal AI agent framework, is drawing widespread attention in the AI community. Former Tesla (TSLA) AI chief Andrej Karpathy described the development as “the closest thing I’ve seen to a sci-fi moment,” while Elon Musk remarked that it represents “the early stage of the singularity.” The tool has reignited discussions about mass-scale deployment of AI-powered digital assistants.

Goldman Sachs (GS) begins automating operations with Anthropic AI, slowing hiring outlook. Goldman Sachs has partnered with Anthropic to automate large portions of its internal accounting and compliance processes—an initiative that could eventually affect over 12,000 developers and thousands of operations roles. While the bank emphasized that no immediate layoffs are planned, it acknowledged that the deployment of AI will “moderate future headcount growth” in affected divisions.

Top 10 Most Traded Stocks

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