Alphabet shares slide 7.13% as capex tops forecasts; Intel jumps on Q2 surge and 9.9% U.S. stake; Tesla sinks on AI spend worries
AI Market Summary
US megacap tech earnings are driving sharp single-name dispersion. Alphabet's Q2 results highlighted higher-than-expected AI capex and raised multi-year spending guidance, triggering a steep selloff and technical damage. Intel posted its strongest revenue growth in 15 years, with foundry sales up 30.5% YoY and continued support from prior US government equity investment. Tesla weakened amid broader investor sensitivity to AI spending intensity.
Impact level
● Medium
Affected assets
NCSKGOOGL2USD/USDT+0.40%
AI Insight · NCSKGOOGL2USD/USDTAI Insight
● Neutral
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Alphabet’s Q2 report showed capital expenditures above expectations, but the stock fell 7.13% in a single session and dropped below its 200-day moving average. Intel posted its strongest Q2 revenue growth in 15 years, with foundry sales up 30.5% year over year, while its shares have risen 320% following a 9.9% nonvoting U.S. government equity investment. Tesla also declined sharply as investor concerns about the pace of AI spending weighed on the stock.
