WS #13530
AppLovin, Datadog, HubSpot, and other software names sold off on earnings misses/guidance, raising doubts about AI monetization and pressuring the sector. Alphabet seeks up to $25B in bonds to fund AI capex; SpaceX reports first earnings with $100B ARR target but stock falls; Microsoft opens $20.5B India data center. SanDisk and Western Digital beat earnings but shares plunged on guidance and profit-taking, dragging the memory complex (MU, SNDK, WDC) and pressuring Nasdaq.
Software/AI Monetization Concerns
AppLovin, Datadog, HubSpot, and other software names sold off on earnings misses/guidance, raising doubts about AI monetization and pressuring the sector.
Alphabet seeks up to $25B in bonds to fund AI capex; SpaceX reports first earnings with $100B ARR target but stock falls; Microsoft opens $20.5B India data center.
SanDisk and Western Digital beat earnings but shares plunged on guidance and profit-taking, dragging the memory complex (MU, SNDK, WDC) and pressuring Nasdaq.