Wall Street sinks as tech rout deepens on AI angst
By Sinéad Carew and Twesha
Dikshit
Thu February 12, 2026 5:47 AM
AI jitters returned to very high gear today with another huge rout that was triggered by a less than stellar Q4 update from Cisco Systems. This dent in the AI halo quickly infected the entire market and continued to aggravate nerves about the enormous AI spending going on, reported to be a whopping $650 billion by Amazon, Google, Meta, and Microsoft alone. The huge selloff was also attributed to a continuation of yesterday’s trigger of how these huge capital expenses can possibly be recouped into profits. Tomorrow’s CPI will give a clearer picture on inflation. But the bottom line according to today’s expert, “We see this as a ‘prove it' year for AI. We need to start seeing some return on investments.” At 22.45 billion, volume was very brisk and well above the 4-week average of 20.78 billion.
DJ: 50,121.40 -66.74 NAS: 23,066.47
-36.01 S&P: 6,941.47
-0.34 2/11
DJ: 49,451.98 -669.42 NAS: 22,597.15
-469.32 S&P: 6,832.76
-108.71 2/12
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