Alphabet Q2: revenue +24% to $119.8B, Cloud +82% to $24.8B, Search +17% and YouTube ads +13%.
But $9.11 EPS included a $6.26 boost from equity gains. Capex doubled to $44.9B and FCF turned -$5.9B.
Excellent growth; mixed earnings quality.
$GOOGL
SpaceX, $SPCX, is scheduled to release its inaugural quarterly earnings report on August 4, two days prior to the expiration of a lock-up period affecting up to 911.5 million shares. Although the stock is trading below its $135 initial public offering price, its valuation remains elevated. Investors should focus on Starship Flight 13, earnings performance, and the upcoming lock-up expiration rather than recent price volatility.
$NOK is becoming an interesting asymmetric setup.
NVIDIAโs $1B investment, Nokiaโs AI-RAN platform and U.S. semiconductor expansion improve the backdrop.
RSI is near 30 after a 42% drawdown, but MACD remains bearish. July 23 earnings are the key confirmation event.