February 5, 2026
Finance

Market Movers: Amazon, IREN, Roblox, Reddit, and Strategy Undergo Notable Stock Moves

Key updates from leading tech and energy stocks highlight volatile trading and earnings reveals

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Summary

U.S. stock markets experienced a broad downturn with significant declines in major indexes. Amazon, IREN, Roblox, Reddit, and Strategy all saw marked stock activity influenced by their recent earnings reports and future projections. Notably, Amazon and IREN faced after-hours losses, while Roblox and Reddit drew attention with strong revenue growth and user metrics.

Key Points

Major U.S. stock indexes declined with the Dow Jones, S&P 500, and Nasdaq all down over 1%.
Amazon posted strong revenue growth led by AWS but experienced an after-hours stock price drop.
IREN reported a substantial second-quarter loss, missing EPS expectations despite revenue growth.
Roblox and Reddit both exceeded revenue forecasts with significant user engagement increases, leading to positive after-hours stock performance.

U.S. equity markets retreated on Thursday, with the Dow Jones Industrial Average declining by 1.2% to close at 48,908.72. The S&P 500 index similarly fell 1.2%, ending the day at 6,798.40, while the tech-heavy Nasdaq Composite saw a sharper drop of 1.59%, finishing at 22,540.58. Investor attention centered on several notable stocks exhibiting significant movement amid earnings disclosures and corporate updates.

Amazon.com Inc. (NASDAQ: AMZN)

Shares of Amazon ended the session down 4.42% at $222.69, moving between an intraday high of $226.31 and a low of $220.38. The stock’s trading range over the past year lies between $258.60 and $161.43. Subsequent after-hours trading revealed a further sharp decline of nearly 11%, pushing the price to $198.21.

The company’s fourth-quarter financial report highlighted revenue of $213.39 billion, marking a 14% rise from the previous year and outperforming market expectations. This growth was mainly propelled by Amazon Web Services (AWS), which posted a 24% increase. Earnings per share (EPS) came in at $1.95, slightly below analyst estimates.

Operating income amounted to $25.0 billion, a figure largely driven by AWS’s robust performance, alongside accelerating momentum in artificial intelligence and semiconductor-related segments. Additionally, Amazon noted a record level of engagement with its Prime Video service. For the first quarter, the company projected sales exceeding analyst forecasts and announced plans to allocate approximately $200 billion toward capital expenditures throughout 2026. Despite these positive signals, the stock price dipped after-hours, reflecting investor caution.

IREN Ltd. (NASDAQ: IREN)

IREN’s stock finished lower by 11.46% at $39.79, ranging during the day from $44.92 down to $38.90. Its 52-week price band stretches between $76.87 and $5.12. Trading after market hours saw an additional drop of 18.37%, settling around $32.48.

The company disclosed a sizeable loss for the second quarter, reporting an EPS of negative $0.52 against an expected loss of just $0.18, indicating a shortfall relative to projections. Despite the earnings miss, revenues increased by $71.21 million year-over-year. The disappointing results follow a previous quarter of substantial outperformance, where IREN beat earnings estimates by $0.93.

Roblox Corp. (NYSE: RBLX)

Roblox shares declined 3.96%, closing at $60.57. During the session, prices fluctuated from a high of $64.84 to a low of $60.07. The stock’s 52-week valuation has ranged between $150.59 and $50.10. Notwithstanding the day’s decline, the stock rose 7.3% in extended trading to $65.

The gaming and metaverse platform reported a fourth-quarter loss per share of 45 cents, in line with analysts’ expectations. Revenue, however, jumped sharply to $2.22 billion, surpassing forecasts and up significantly from $1.36 billion a year ago. User engagement remained strong, with 144 million daily active users recorded.

For the full year, Roblox emphasized sustained momentum, noting 36% revenue growth, a 55% increase in bookings, and operating cash flow totaling $1.8 billion. These factors contributed to the after-hours uptick in the stock price.

Reddit Inc. (NYSE: RDDT)

Reddit closed slightly down 1.07% at $151.05, with the day's trading spanning $148.50 to $155.34. Its year-long range extends from $79.75 to $282.95. In after-hours trading, the stock appreciated by 4.55% to $157.92.

Fourth-quarter results showed revenue of $725.6 million and EPS of $1.24, both exceeding expectations. The company’s sales increased 70% year-over-year, underpinned by a 19% rise in daily active unique users to 121.4 million. Reddit delivered strong cash flow and provided an optimistic forecast for the first quarter, projecting results above consensus. Furthermore, a $1 billion share repurchase program was announced, bolstering investor confidence and contributing to after-hours gains.

Strategy Inc. (NASDAQ: MSTR)

Shares of Strategy dropped sharply by 17.12%, closing at $106.99, with prices spanning from $104.17 to $122 intraday. The stock’s annual high and low sit at $457.22 and $104.16, respectively. Strategy outperformed expectations in its fourth quarter, delivering revenue of $123.0 million and adjusted EPS of $16.37. Year-over-year revenue increased marginally by 1.9%, buoyed by robust growth in subscription-driven segments.

Notably, the company significantly strengthened its financial position, ending the quarter with $2.3 billion in cash reserves and ownership of 713,502 bitcoins as of February 1, 2026. Despite this balance sheet expansion, the shares hovered near yearly lows, pressured by a broader market selloff in Bitcoin and related digital assets.

Market analysis insights reveal that Amazon’s stock holds a valuation in the 52nd percentile for Value metrics and the 35th percentile for Momentum, reflecting mixed investor sentiment amid current conditions.

Risks
  • Amazon's after-hours stock decline despite strong revenue growth suggests investor uncertainty over future capital spending and profit margins.
  • IREN's substantial loss and earnings miss highlight volatility in its business performance following a strong prior quarter.
  • Strategy’s shares trading near 52-week lows amid Bitcoin market weakness indicates cryptocurrency exposure risk.
  • Market-wide declines and sector-specific pressures could continue to affect stocks with significant commodity or technology sensitivity.
Disclosure
Education only / not financial advice
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Ticker Sentiment
AMZN - negative IREN - negative RBLX - positive RDDT - positive MSTR - negative
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