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Bloomberg Tech is live from coast to coast, with Caroline Hyde in New York and Ed Lovelow in San Francisco.

This is Bloomberg Tech coming up Amazon shares drop after announcing plans to spend $200 billion

this year on data centers, chips and other equipment.

Meanwhile, Bitcoin rebounds, having plummeted on Thursday when it neared the $60,000 level.

And we break down more tech earnings with the CEOs of Roblox, Affirm and the Warner Music Group.

But first, we check in on what is a tentative bounceback after what has been a punishing week.

Remember, the NASDAQ is on track for its worst week, Ed, in three months since the beginning of November. But now we see a little bit of a reprieve, a little bit of dip buying. We're up a percentage point if you're looking at the big indexes. And I know you're going to drill into the individual movers that push and pull. But crypto, up almost 9%. But only about eradicating half of yesterday's losses.

We're still only at 68,000.

What a remarkable beginning to the year for this asset class

that in many ways people feel there's not a store of value.

But what are you looking at?

The analysts are calling it sticker shock.

Amazon pledging to spend $200 billion capital expenditures on AI infrastructure.

The stock down more than 8% right now on track for its biggest drop since April of last year.

Operating income in the current period, $21 billion at the high end below consensus.

So the concern is, is the trade- off worth it here? There is a big

backlog for AWS and AI business. By the way, it's one of the few names on the NASDAQ 100

that's down because in reaction to that capital expenditures pledge, you see everyone from the

GPU providers, Nvidia's now up more than 6% in response, memory names, infrastructure names,

energy names, all higher because the capital expenditures for all of the hyperscalers and

aggregate plus meta is growing.

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