AI chip leaders helped the Dow clear the historic 50,000 mark as risk appetite returned across tech and crypto, today, Feb. 6, 2026.
The S&P 500 (^GSPC +1.97%) rose 1.97% to 6,932.30, the Nasdaq Composite (^IXIC +2.18%) gained 2.18% to 23,031.21, and the Dow Jones Industrial Average (^DJI +2.47%) climbed 2.47% to 50,115.66, closing above 50,000 for the first time.
Market movers
Semiconductor bellwethers such as Nvidia (NVDA +7.87%) led a powerful rebound in AI hardware, while crypto‑exposed MicroStrategy (MSTR +26.11%) surged about 25% as Bitcoin snapped back. In contrast, Amazon.com (AMZN 5.49%) slid on a hefty 2026 capex plan, and Micron Technology (MU +3.17%) fell on reduced HBM4 memory chip expectations.
What this means for investors
A broad rally led the Dow to cross the 50,000 mark for the first time. The index closed above that mark, rising about 2.5% for the day. Blue chip names and AI-related hardware stocks participated in the rally. The strong end to the week reinforced confidence that the ongoing bull market may not be ready to end.
It wasn’t a positive week for all the big names, however. A sell-off earlier in the week wiped $1.5 trillion from previously high-flying tech names. Huge capital spending plans from some big tech names still gave investors pause. Even amidst the rally, both Amazon and Alphabet (GOOG 2.48%) (GOOGL 2.46%) were deeply in the red today.
Risk appetite was on the rebound in general, though. Bitcoin (BTC +9.09%) recovered to more than $70,000 after sinking as low as almost $60,000 overnight. Optimism for continued AI-driven demand carried the day, however, setting up what could be more interesting trading next week.
Howard Smith has positions in Alphabet, Amazon, and Nvidia and has the following options: short February 2026 $170 calls on Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Bitcoin, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy.