By Mackenzie Tatananni, George Glover, and Joe Woelfel

Stocks rebounded sharply Friday as a selloff in software stocks eased and lofty artificial-intelligence spending guidance from Amazon.com boosted shares of some tech companies.

These stocks were moving:

Amazon.com dropped 9% after fourth-quarter earnings fell short of analysts' expectations. The tech and e-commerce giant guided for $200 billion in capital expenditures for 2026, well above Wall Street expectations of $146.6 billion.

U.S.-listed shares of Novo Nordisk rallied 7.1% after the head of the Food and Drug Administration suggested the agency might not let Hims & Hers sell a cheap copycat of Novo's Wegovy pill. "FDA will take swift action against companies mass-marketing illegal copycat drugs, claiming they are similar to FDA-approved products," FDA Commissioner Dr. Marty Makary said on social media. Shares in fellow weight-loss drug maker Eli Lilly climbed 3%, while Hims sank 6%.

Molina Healthcare sank 26%. The managed care company reported a surprise quarterly loss and issued dismal guidance for the current fiscal year, citing the implementation of a new Medicaid contract and underperformance in its Medicare Advantage Part D product.

Fellow health insurer Centene declined 5.6% after posting a narrower-than-expected fourth-quarter loss and saying it expects fiscal 2026 adjusted earnings of at least $3 a share, roughly in line with analysts' estimates.

Strategy surged 14% even after the world's largest corporate holder of Bitcoin posted a massive fourth-quarter loss. Bitcoin fell to about $60,000 on Friday but was paring back those losses to trade at $68,215. Crypto exchange Coinbase Global was up 7.3%.

Stellantis shares traded in the U.S. cratered 26% on the back of a massive write-down and dividend suspension. The automaker said the charges "largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers' real-world needs, means, and desires."

Bloom Energy rose 5.4% after the power generator topped analysts' fourth-quarter earnings estimates and issued a solid full-year outlook as the AI boom drives up demand for energy.

Impinj sank 28%. The company, which makes radio-frequency identification technology, posted fourth-quarter adjusted earnings that missed analysts' estimates and said it expects to incur a wider first-quarter loss than a year earlier.

Doximity was down 25%. The networking platform for medical professionals cut its full-year sales outlook and said its chief financial officer was taking a temporary leave of absence.

Coty slumped 12% after the cosmetics company missed analysts' earnings targets for its fiscal second quarter and yanked its fiscal-year guidance, citing problems in the beauty market and a leadership transition.

Fortinet rose 2.9% after the cybersecurity provider beat Wall Street estimates for earnings, revenue, and billings and issued solid guidance. There's reason to believe Fortinet could avoid the worst of the brutal tech selloff: It's trading at less than 27 times expected earnings for 2026, making it a lot cheaper than other cybersecurity names.

Reddit fell 2% even after the social media company reported better-than-expected results for the fourth quarter. Chief Financial Officer Drew Vollero told Barron's that Reddit looks well-positioned to navigate Wall Street's worries about surging capex.

Roblox was up 3.5%. The videogame company reported a narrower fourth-quarter loss than analysts were expecting and forecast that revenue will rise by 23% to 29% this year.

Hub Group declined 24% as the logistics company said it would restate financial statements for the first, second, and third quarters of 2025 "due to an error that resulted in the understatement of purchased transportation costs and accounts payable." Hub said the restatement isn't expected to impact total cash and cash equivalents or operating cash flow for any of the periods. The company also said it would be delaying the release of fourth-quarter earnings.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 06, 2026 09:59 ET (14:59 GMT)

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