Alphabet slumps, Intel shocks, and Tesla sinks: AlphaSpace’s weekly market wrap
Alphabet fell about 7% after Q2 results and higher capex guidance, erasing a large portion of value; Intel posted its strongest revenue growth in 15 years aided by stronger foundry demand and a government stake from the CHIPS Act; Tesla slid roughly 14.5% on news of a roughly $25 billion annual capex plan for 2026–27 as it scales AI/robotaxi initiatives; AlphaSpace notes next week’s reports from Amazon, Meta, and Microsoft and ongoing AI-spending concerns continuing to drive market sentiment.