Amazon exploded 15% at the close as big tech earnings season hits its inflection point, but Apple tumbled 8% signaling investor caution on how the mega-cap rally will sustain.
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Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
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Alphabet crushed earnings with a $9.11 EPS beat that's heavily inflated by a $99 billion gain on equity securities, while the real story is Google Cloud's 82% growth and a punishing $45 billion quarterly capex bill that turned free cash flow negative. The company raised $70 billion to fuel its AI buildout, but that infrastructure spending spree is now outpacing operating cash flow, raising questions about the sustainability of this investment thesis.
Google reports Q2 earnings after the bell at 5:00 PM ET with Wall Street watching AI infrastructure spending and YouTube ad momentum closely.
- GOOGAlphabet Inc. - Class C Capital Stock (GOOG)Sell$1K – $15K
- AMZNAmazon.com, Inc. - Common Stock (AMZN)Sell$1K – $15K
- AAPLApple Inc. - Common Stock (AAPL)Sell$1K – $15K
- FASSell$1K – $15K
- META- Class A Common Stock (META)Buy$1K – $15K
- META- Class A Common Stock (META)Sell$1K – $15K
- META- Class A Common Stock (META)Sell$1K – $15K
- USOUUnited States 3x Oil Fund (USOU)Buy$1K – $15K
Rep. Dan Crenshaw dumped Google, Amazon, and Apple in June while picking up oil futures and Meta stock in back-to-back trades, a pattern that suggests congressional betting on energy upside over mega-cap tech headwinds.
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