AI Capex Panic Hits Tech Stocks: Google Down 7% Despite Strong Earnings
JOBhakdi · x · 2026-07-23
Tech stocks suffered a massive selloff driven by massive AI capital expenditures, such as Google increasing its projected capex from $185B to $200B. The author argues the market is being highly irrational about AI investments.
- Google ($GOOG): Down 7% despite absolutely killing earnings, primarily due to capex concerns.
- Tesla ($TSLA): Down 12%, which the author feels is a bit overdone.
- Nvidia ($NVDA): The dip is called the "dumbest move," representing the best value/risk in the market.
- Micron ($MU): Dramatically undervalued, though prone to 10% drops from the slightest hiccup above $1,000.
Related event: Tech Giants' AI Capex Triggers Market Selloff(7 posts)→
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