Oil fell. Treasury yields fell.
Chip stocks still couldn’t catch a break.
$NVDA.M dropped 4.99%, while $AMD.M fell 5.17%.
Questions around AI returns remain, and fresh developments in memory and lithography added more pressure.
Next up: earnings from $MSFT.M and $META.M .
Can AI revenue start catching up with all that spending?
#Semiconductors
Google Cloud revenue jumped 82% YoY. Tesla beat on revenue.
And both stocks still fell.
Alphabet lifted full-year capex to nearly $200B, while Tesla delivered just $0.33 in adjusted EPS.
The growth looked strong.
So what exactly did the market reject?
#EarningsSeason