Why did Alphabet's stock fall despite beating earnings expectations?

Alphabet's stock fell 3% ahead of the bell due to market disquiet about delays in its latest Gemini AI model and its rising cash burn, as the company raised its capital expenditure estimates again—AI-linked investments this year are now set to top $200 billion.

What is driving the recent surge in oil prices, and what are its broader market implications?

Brent crude oil surged above $98 a barrel—the highest in six weeks—due to escalating conflict in the Gulf and the Red Sea, where Yemen's Iran-aligned Houthis targeted Saudi oil tankers, prompting tankers to change course; this has pressured oil and natural gas futures, pushed short-term U.S. Treasury yields to their highest in ~17 months, and intensified inflation concerns for central banks, particularly the European Central Bank, which faces hawkish pressure amid winter natural gas re-stocking needs.

Morning Bid: Magnificent Cash Burn

Jul 23, 2026

Crude oil prices surged above $98 per barrel amid Middle East tensions, while tech stocks reacted to Alphabet's high AI spending and mixed chip earnings, fueling inflation concerns ahead of central bank meetings.

reuters

2026-07-23

Alphabet's AI Bill and Oil Price Surge

2026-07-23

Morning Bid: Magnificent Cash Burn

Morning Bid: Magnificent Cash Burn

FAQ