The artificial intelligence sector is rapidly reshaping various industries, notably wealth management, where Altruist Corp. recently launched new AI tools like Tax Optimizer and TaxGPT. These innovations, designed to assist financial advisors with tax-loss harvesting and personalized tax strategies, have caused significant market shifts. Following their release on February 10, 2026, major wealth management stocks, including Charles Schwab and Raymond James Financial, saw drops between 4% and 10% as investors expressed concerns over potential fee reductions and market share shifts due to AI-driven efficiency.
Amidst this disruption, analysts are identifying new investment opportunities. Morgan Stanley points to recent software stock value drops as buying chances for major tech companies like Microsoft and Salesforce, despite AI causing a 33% decline in software multiples since October 2025. The demand for AI infrastructure remains robust, with hyperscalers such as Microsoft and Amazon spending $390 billion on AI in 2025, projected to increase to $515 billion in 2026. Companies like Nebius Group are capitalizing on this trend, with Nebius acquiring Israeli startup Tavily for up to $400 million to build a unified AI platform for autonomous agents.
Individual tech giants are adopting varied AI strategies. Apple, for instance, is succeeding by avoiding heavy data center spending, instead partnering with Google on January 12 to integrate its Gemini AI technology into Apple Foundation Models. This approach allows Apple to leverage leading AI without high upfront costs, contributing to its record $143.8 billion revenue in Q1 fiscal 2026. Conversely, Melius downgraded Microsoft to Hold on February 9, citing concerns about AI's impact on its capital spending and cash flow, despite Microsoft being a top AI stock under observation.
Beyond the giants, specialized AI startups are attracting substantial investment. AI video generation startup Runway secured $315 million on February 10, 2026, valuing the company at $5.3 billion. These funds will advance its physics-aware AI video models, including the Gen 4.5, which has outperformed offerings from Google and OpenAI. Similarly, Bretton AI, formerly Greenlite AI, raised $75 million in Series B funding to combat financial crime using advanced machine learning. Meanwhile, Shizuku AI is developing engaging AI companions, building on the success of its AI VTuber, Shizuku, and research in real-time image generation.
Key Takeaways
- Altruist Corp.'s new AI tax planning tools, Tax Optimizer and TaxGPT, caused wealth management stocks like Charles Schwab and Raymond James Financial to drop 4-10% on February 10, 2026, due to investor concerns about AI disruption.
- Morgan Stanley identifies buying opportunities in major tech companies like Microsoft, Intuit, Salesforce, and ServiceNow, despite AI contributing to a 33% drop in software multiples since October 2025.
- AI infrastructure spending by hyperscalers like Microsoft and Amazon reached $390 billion in 2025 and is projected to hit $515 billion in 2026, indicating strong growth potential for "pick-and-shovel" AI companies.
- Nebius, an AI infrastructure company, is acquiring Israeli startup Tavily for up to $400 million ($275 million initial cash) to integrate Tavily's AI agent search layer into its unified AI platform.
- Apple is strategically leveraging AI by partnering with Google on January 12 to use Gemini AI for its Foundation Models, avoiding heavy capital expenditure while achieving record Q1 fiscal 2026 revenue of $143.8 billion.
- Melius downgraded Microsoft (MSFT) to Hold on February 9, setting a $430 price target, due to concerns about AI's impact on the company's capital spending and cash flow.
- AI video generation startup Runway raised $315 million on February 10, 2026, valuing the company at $5.3 billion, to develop next-generation physics-aware AI video models like Gen 4.5, which outperforms Google and OpenAI offerings.
- Bretton AI (formerly Greenlite AI) secured $75 million in Series B funding on February 10, 2026, led by Tiger Global, to expand its advanced machine learning solutions for detecting financial crimes.
- Shizuku AI is establishing an AI lab in Japan to develop engaging AI companions and characters, building on the success of its AI VTuber and research in real-time image generation (StreamDiffusion).
- Super Micro Computer Inc. (SMCI) reported strong fiscal Q2 2026 results with $12.7 billion in revenue, a 153% quarter-over-quarter growth, highlighting robust performance in the AI hardware sector.
Altruist AI tool causes wealth management stocks to fall
Altruist Corp. launched a new AI tool called Tax Optimizer on Tuesday. This tool helps financial advisors create tax-loss harvesting strategies and other tax-efficient investment plans for clients. Following its release, stocks for companies like LPL Financial Holdings, Charles Schwab, and Raymond James Financial dropped between 4% and 10%. Investors worry that AI could disrupt the traditional wealth management business, potentially leading to lower fees and a loss of market share for established players. Companies that do not adopt similar technologies could be left behind.
Altruist AI tax tool causes wealth manager stocks to drop
On February 10, 2026, Altruist Corp. unveiled a new AI-powered tax planning tool. This tool helps financial advisors personalize tax strategies and create documents for clients. Following this news, major wealth management stocks like Raymond James Financial Inc., Charles Schwab Corp., and LPL Financial Holdings Inc. dropped significantly. Investors fear that AI could disrupt the traditional financial advice business, leading to lower fees and shifts in market share. While some analysts believe the selloff is overblown, uncertainty about AI's impact on these companies remains high.
Altruist TaxGPT AI tool causes wealth manager stocks to fall
Altruist Corp. launched a new artificial intelligence tool called TaxGPT for tax planning. This tool helps financial advisors create tax strategies by quickly analyzing tax code and case law. After the launch, stocks of wealth management companies like Envestnet Inc., Orion Advisor Solutions Inc., and AssetMark Financial Holdings Inc. dropped sharply. Experts believe AI tools like TaxGPT could make the industry more efficient and potentially lower costs for customers. Altruist states its goal is to help human advisors, not replace them, but investors are still worried about the disruptive power of this new technology.
Analysts watch top AI stocks for buying chances
Morgan Stanley believes recent drops in software stock values create buying opportunities for major technology companies. AI is seen as a source of disruption, causing a 33% drop in software multiples since October 2025. Analysts highlight companies like Microsoft, Intuit, Salesforce, and ServiceNow as attractive opportunities. Super Micro Computer Inc. (SMCI) showed strong fiscal Q2 2026 results, with revenue reaching $12.7 billion and growing 153% quarter-over-quarter. QUALCOMM Incorporated (QCOM) also reported stronger-than-expected earnings for its December 2026 quarter.
Nebius to buy AI startup Tavily for up to $400 million
AI infrastructure company Nebius is acquiring Israeli startup Tavily, which developed a search layer for AI agents. The deal could be worth up to $400 million, with Nebius paying an initial $275 million in cash. Tavily, founded in late 2024, already generates significant revenue and had raised $20 million in a Series A round. This acquisition helps Nebius build a unified AI platform where companies can create and run autonomous agents. Tavily's platform extracts and filters real-time data for AI agents, serving over 700,000 users and several Fortune 500 companies.
AI infrastructure stocks show strong growth potential
Investors should consider AI infrastructure companies, known as "pick-and-shovel plays," like Nebius Group and IREN. These companies profit regardless of which AI software wins, offering stable revenue and broad industry exposure. Hyperscalers like Microsoft and Amazon spent $390 billion on AI in 2025, with spending expected to reach $515 billion in 2026. While initial costs are high, these businesses will become profitable as recurring rental income grows. AI is also boosting productivity, with coding and app creation increasing over 30% in the past year, ensuring continued infrastructure spending.
Melius downgrades Microsoft due to AI spending risks
On February 9, Melius analyst Ben Reitzes lowered his rating for Microsoft (MSFT) from Buy to Hold. He set a price target of $430 for the stock. This change is due to concerns about AI's impact on Microsoft's capital spending and cash flow. Investors are increasingly worried about how AI could disrupt software companies. Microsoft is recognized as one of the top AI stocks that analysts are monitoring.
Apple succeeds in AI by avoiding large spending
Apple is doing well in the AI market by not spending heavily on data centers or rushing out AI products. While other tech giants like Alphabet announce huge capital expenditure plans for AI, Apple's spending is much lower. Apple instead partnered with Google on January 12 to use its Gemini AI technology as the foundation for Apple Foundation Models. This strategy allows Apple to benefit from leading AI without the high upfront costs and financial risks. The company reported record-setting first-quarter fiscal 2026 results, with $143.8 billion in revenue and a 23% increase in iPhone sales.
Atrium Mortgage Investment Corporation AI stock outlook
This article provides trading plans for Atrium Mortgage Investment Corporation, which trades under the ticker AI:CA. For long-term trading, it suggests buying near 11.75 with a target of 12.08, or shorting near 12.08 with a target of 11.75. AI-generated signals for February 9 rate the stock as "Strong" for both near and long terms, and "Neutral" for the mid-term. Investors should check the time stamp on this data for the most current information.
AI video startup Runway raises $315 million
On February 10, 2026, AI video generation startup Runway raised $315 million, valuing the company at $5.3 billion. These funds will help Runway develop its next generation of world models and expand into new products and industries. Runway is known for its physics-aware AI video models, including its latest Gen 4.5, which creates high-definition videos with audio and advanced editing. This model has outperformed offerings from Google and OpenAI, attracting significant investor interest. The company also expanded its computing power with CoreWeave and plans to grow its 140-person team across research, engineering, and go-to-market.
Bretton AI raises $75 million to fight financial crime
On February 10, 2026, Greenlite AI rebranded as Bretton AI and announced a $75 million Series B funding round. Tiger Global led the investment, with Lightspeed Venture Partners and Index Ventures also participating. Bretton AI uses advanced machine learning to help financial institutions detect and prevent financial crimes like fraud, money laundering, and terrorist financing. The new funds will speed up product development, expand market reach, and grow the team. Bretton AI aims to become the industry standard for using AI in financial crime operations.
Shizuku AI aims to create engaging AI companions
Akio Kodaira, a UC Berkeley Ph.D. student, launched an AI VTuber named Shizuku on YouTube in January 2023. Shizuku could chat, sing, and respond in real time, building a community of thousands of followers. Kodaira also led research on StreamDiffusion, which achieves real-time image generation at over 90 frames per second. Now, Shizuku AI is building an AI lab in Japan to develop AI companions and characters. The company plans to expand Shizuku's abilities with multilingual voice synthesis and richer conversational AI across platforms like Discord and YouTube. They believe a community-driven approach will help create truly engaging AI companions.
Sources
- Wealth management and tax prep stocks sink as Altruist launches new AI tool
- AI Tax Tool Sparks Wealth Management Stock Selloff
- Wealth manager stocks sink as new AI tool sparks disruption fear
- 10 AI Stocks Analysts Are Watching
- AI startup Tavily in advanced talks for $400 million acquisition
- CAPEX & Cash Flow: The Bull Case for AI Infrastructure Stocks
- Melius Downgrades Microsoft (MSFT) to Hold, Flags AI Capex and Cash Flow Risks
- How Apple Is Winning the AI Race -- by Staying Out of It
- Where are the Opportunities in (AI)
- AI video startup Runway raises $315M at $5.3B valuation, eyes more capable world models
- Bretton AI Raises $75M Series B, Rebrands from Greenlite AI to Build the AI Standard for Financial Crime
- Investing in Shizuku AI
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