CNBC Daily Open: Alphabet capex plans spook investors, while AMD has a brutal day in markets

Alphabet expects capital expenditure for 2026 to come in between $175 billion and $185 billion — at the higher end, capex will more than double from last year.

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Alphabet resets the bar for AI infrastructure spending

The search giant’s proposed capex spend for 2026 exceeds that of its hyperscalers peers.

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US pitches plan to counter China’s dominance of critical mineral supply

An event was attended by representatives of at least 50 countries, the White House said.

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Software experiencing ‘most exciting moment’ as AI fears hammer the stocks

Shares of software companies have been getting beaten up, and the selloff accelerated this week after Anthropic’s latest unveiling.

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Ciena returns to S&P 500 after getting booted 17 years ago

Ciena is predicting the fastest growth since 2011 in the current fiscal year, thanks to its position in artificial intelligence.

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Sam Altman got exceptionally testy over Claude Super Bowl ads

He posted a novella-sized rant that devolved into to calling his rival “dishonest” and “authoritarian.”

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As it preps Specs for the masses, Snap’s Q4 shows revenue growth but fewer daily users

The company is engaged in a strategy to diversify its revenue sources as it heads into the new year.

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PointsBet starts Alberta iGaming registration after AGLC regulatory approval granted officially

PointsBet has begun the registration process to operate in Alberta’s iGaming market
As a result of the announcement, PointsBet can now begin the process of setting up its digital stall across the province and fire up its marketing efforts to sway a new crowd of potential bettors.
The green light from the Alberta Gaming, Liquor and Cannabis (AGLC) has enabled the latter part of PointsBet’s setup and operations.
PointsBet expands in Canada
The news, published as an official statement by PointsBet, indicates that, in the wake of the MIXI takeover saga, the brand is looking to expand in a nation that has already provided 26% growth for the company.

One interesting thing about the forthcoming Alberta iGaming market is that operators can start signing up customers when they apply for a license. No deposits yet, though. Here, for example, is @PointsBetCanada announcing AB pre-reg is now open for customers: pic.twitter.com/tANclBf89H
— Geoff Zochodne (@GeoffZochodne) February 3, 2026

“The company is proud to have built an authentically Canadian sportsbook, supported by Canadian employees and designed specifically to address the needs of the Canadian market,” read the release.
Non-Executive Chair of PointsBet Holdings Brett Patton had said that 2025 had “been one of significant transition and strategic reshaping” in the wake of MIXI becoming the controlling shareholder.
This included a tug-of-war between existing minority shareholders, MIXI and Betr, but the shareholders chose the former, and the Australian Foreign Investment Review Board (FIRB) approved the deal.
Group CEO and managing director, Sam Swanell, shared in a November 2025 statement, “The PointsBet Group had a strong year delivering $11.2 million of positive Normalised EBITDA, the positive result being the first in the Group’s history.”
PointsBet is growing in Alberta
“Alberta’s move toward an open, competitive iGaming framework is a positive step for Canadian players, offering more choice and consumer protections in a safe and regulated environment,” said Scott Vanderwel, Chief Executive Officer of PointsBet Canada.
The North American market has proven fruitful, and the brand hopes to continue its success in the westernmost province of Canada.
“We’re excited to introduce our innovative, Canadian-focused sports betting and online casino products to Alberta residents, supported by industry-leading speed, responsible gaming tools, and local expertise.”
Featured image: PointsBet
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Underdog launches team parlays to challenge multi-pick sports betting markets trend

Betting and stats giant Underdog has launched a new team parlays feature to rival the growing trend of multi-pick wagers on event contracts.
A traditional Same Game Parlay (SGP) in the licensed sports betting world includes lines from one game, and when stacked, gives higher odds.
Multiple-event pick wagers have long been a staple of regulated, state-licensed betting involving the outcomes of multiple team events. This could be the moneyline for multiple NBA, NFL, and MLB matchups, for example.
Underdog’s team parlays are an attempt to compete with state-regulated sports markets and to offer multiple cross-sport team picks in a single outcome, in addition to the existing team picks feature in the app.
Underdog launches team parlay feature
In a post on X, Underdog shows three basketball teams and one NFL team as part of a single outcome parlay.

Team Parlays are live!
You can now combine up to 4 team picks in a single entry pic.twitter.com/SRueAw4Pzk
— Underdog (@Underdog) February 2, 2026

Underdog teased this feature as part of its team-up with Crypto and allows account holders to make what would traditionally be an accumulator-style parlay, but with the predictions partner Crypto’s bespoke status.
We reported on the deal pairing the sports and fantasy powerhouse with the CFTC-regulated Crypto. Underdog founder and CEO Jeremy Levine made a forward-looking statement about the company’s roadmap for prediction market wagering.
“While still new and evolving, one thing is clear: the future of prediction markets is going to be about sports, and no one does sports better than Underdog.”
Future of multi-pick team parlays
In addition to Levine’s views, Crypto’s Travis McGhee, Managing Director and Global Head of Capital Markets at Crypto.com was “thrilled” at the possibilities that could come out of the deal.
“We were the first to offer sports events contracts, and our technology partnership with Underdog will provide more access to CDNA’s innovative offerings.”
This team parlay builder seems to be one of the earmarked innovative offerings, but with increasing pressure on federally regulated markets, it may be either the future Levine spoke of or another toe across a state-regulated line.
Featured image: Underdog
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Gambling authority in Ireland given go ahead to begin issuing licenses

The Minister for Justice, Home Affairs and Migration in Ireland, Jim O’Callaghan, has officially signed an order which will see the gambling authority begin issuing remote and in-person betting licenses.
This comes after the recently formed Gambling Regulatory Authority of Ireland (GRAI) opened its first public consultation to seek opinions on the proposed licensing regulations back in April 2025.
The gambling regulators are the ones responsible for issuing licenses and collecting money for the fund. Now, this newly signed order will come into effect on Thursday, 5 February.
Along with the authority being able to start this process, it also commences the enforcement, oversight and complaints mechanisms that are central to the new licensing framework.
Minister Jim O’Callaghan has signed an order and provides update on Ireland-based gambling licenses
Speaking on the update, which is long coming, Minister O’Callaghan said: “Today marks another important step towards replacing Ireland’s outdated gambling laws with a streamlined and simplified licensing framework.
“This reflects the nature of modern gambling and takes into account the harms associated with problem gambling, by providing safeguards to protect people from those harms, especially children.”

The GRAI published its Statement of Strategy for 2025 – 2027 today, setting out its strategic priorities over the next three years as it establishes a robust regulatory and licensing regime for the gambling sector and delivers on its public protection mandate. pic.twitter.com/0oReqX9dkx
— Gambling Regulatory Authority of Ireland (@GambRegIRL) October 15, 2025

The minister confirmed the authority can issue licenses for new entrants as soon as is feasible and can license remote operators from 1 July 2026 and in-person operators from 1 December 2026, when their existing licenses expire.
“The Act provides the Authority with the necessary enforcement powers to take appropriate and focused action where licensees fail to comply with licensing terms, conditions and regulations, and to deal with unlicensed operators, those operating without the correct licence, or those in contravention of the terms of a licence issued by the Authority.”
The commencement order means the GRAI has been given robust investigative powers, allowing for administrative sanctions of fines of up to €20 million or 10% of a licensee’s turnover, whichever is the greater, to be imposed on licensees, where they are found to be in contravention of the Gambling Regulation Act 2024.
Featured Image: Via GRAI X account
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