Alphabet flops, Intel shocks, and Tesla tanks: AlphaSpace weekly recap
Alphabet flops, Intel shocks, and Tesla tanks: AlphaSpace weekly recap.
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Earnings season kicked into warp overdrive this past week. And it won't be any easier to navigate the market next week, with results from the likes of Amazon ( AMZN ), Meta ( META ), and Microsoft ( MSFT ).
Here are a few observations about last week's stock moves from Yahoo Finance AlphaSpace that may get your mind right heading into another frenzied week for investing.
So much for the many positives on the AI front from Alphabet's ( GOOG , GOOGL ) second quarter earnings report.
Alphabet's second quarter capital expenditures came in at $44.9 billion, slightly above Wall Street forecasts of $44.7 billion. Full-year capex guidance was raised to $195 billion to $205 billion from $180 billion to $190 billion, with a "significant" increase seen for 2027, executives said on the earnings call.
Alphabet stock blew up on Thursday, falling 7.13% and erasing about $293 billion in market value on that day. The earnings rout sent shares below the key 200-day moving average, according to AlphaSpace data.
Time to get Sundar Pichai, the often-quiet Alphabet CEO, on the media circuit, Google comms team!
The company notched its strongest revenue growth rate in 15 years in the second quarter. Revenue in all business segments beat Wall Street forecasts. Importantly, Intel's once floundering chipmaking business continues to improve: Sales in the foundry segment rose 30.5% year over year.
It has been much discussed, but the quarter returns the spotlight on the savvy move the US government made in taking an equity stake in Intel on Aug. 22, 2025.
Under the agreement, the Trump administration converted previously awarded — but not yet disbursed — CHIPS Act and Secure Enclave funding into an $8.9 billion investment in Intel common stock, giving the federal government a 9.9% nonvoting ownership stake. Including earlier CHIPS Act payments, the total federal commitment to Intel reached $11.1 billion.
Since then, Intel stock has skyrocketed 320% — or has gone up and to the right, as seen on the AlphaSpace chart below.
The market's concerns about the pace of tech companies' AI spending found its way to Elon Musk's Tesla ( TSLA ), which makes sense.
The company said it will commit $25 billion in capital expenditures for 2026, roughly three times its historical spending. A significant increase is also expected in 2027 as Musk ramps up Optimus and robotaxi production .
The shares are now trading at the lows of the year. The same could be said for Musk's newly minted IPO, SpaceX ( SPCX ).
Brian Sozzi is Yahoo Finance's Executive Editor, host of the Power Players with Brian Sozzi podcast, and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi , Instagram , and LinkedIn . Tips on stories? Email brian.sozzi@yahoofinance.com.
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