**Tech giants’ sharp decline is weighing heavily on Asian stock markets amid a momentum-trade unwind and disappointing outlooks from companies like Qualcomm and Arm.** This high-impact IT sector rotation out of AI infrastructure stocks, including Google ramping up record spending to attract AI customers, is dominating global market discussions today.[2]

References:
1. https://quadrilateral.substack.com/p/majors-news-and-notes-february-5
2. https://www.youtube.com/watch?v=xwtFhOuNTrQ
3. https://www.youtube.com/watch?v=p-RSZDD4ccs
4. https://www.businesswire.com/news/home/20260123936718/en/ScanSource-to-Announce-Second-Quarter-Fiscal-Year-2026-Results-February-5-2026
5. https://group.ntt/en/newsrelease/2026/02/05/260205a.html
6. https://www.geoffshackelford.com/homepage/2026/2/4/majors-news-amp-notes-february-5-2026