WS #16485
Alphabet's 10.6% gap down on an earnings miss has set a bearish tone for the tech sector, with Nasdaq futures leading losses. The market is increasingly skeptical of massive AI capex spending without immediate revenue conversion, a concern highlighted by Marvell's 9.9% drop on weak guidance. This signals a potential rotation away from high-multiple growth stocks toward value and commodities.
Tech Earnings Shock & AI Capex
Alphabet's 10.6% gap down on an earnings miss has set a bearish tone for the tech sector, with Nasdaq futures leading losses. The market is increasingly skeptical of massive AI capex spending without immediate revenue conversion, a concern highlighted by Marvell's 9.9% drop on weak guidance. This signals a potential rotation away from high-multiple growth stocks toward value and commodities.