WS #13484
Alphabet's AI leadership reshuffle (Hassabis to Chair, Dean departs) triggered a ~4% stock drop, raising concerns about AI talent exodus and competitive positioning. SpaceX's first earnings revealed massive AI capex ($28.5B H1) and a $15.8B AI investment, causing shares to fall ~8-13% and pressuring telecom stocks. AMD reported record Q2 revenue of $11.5B but shares fell ~9% on customer concentration concerns; Morgan Stanley raised PT to $465. China sanctioned six US firms and tightened drone export controls in retaliation for US tariffs, escalating trade tensions ahead of Xi's visit.
Alphabet AI Leadership Shuffle
Alphabet's AI leadership reshuffle (Hassabis to Chair, Dean departs) triggered a ~4% stock drop, raising concerns about AI talent exodus and competitive positioning.
SpaceX's first earnings revealed massive AI capex ($28.5B H1) and a $15.8B AI investment, causing shares to fall ~8-13% and pressuring telecom stocks.
AMD reported record Q2 revenue of $11.5B but shares fell ~9% on customer concentration concerns; Morgan Stanley raised PT to $465.
China sanctioned six US firms and tightened drone export controls in retaliation for US tariffs, escalating trade tensions ahead of Xi's visit.