Jul 20 - Jul 24Written by: Claude
What Happened Last Week · What Is Coming This Week
Alphabet and Tesla's Capex Shock: Nasdaq Closes the Week Lower
Last Week
The week closed as the first in which AI spending was seriously questioned. Alphabet and Tesla, the two Magnificent Seven names that opened the quarter, reported after Wednesday's close and the reaction was sharp: Tesla fell roughly 12% on Thursday and Alphabet about 6%.
The problem was not profit. Alphabet raised its capital expenditure target and the market judged the demand shown against that spending insufficient. The Nasdaq lost more than 2% the same day, and the two companies shed hundreds of billions of dollars in market value between them. That reaction set the bar that , , and would be measured against the following week.
