Earnings reports came out on the same evening: Microsoft is up, Google is down. Nasdaq futures fell about 1% before the opening bell, while Dow futures rose 0.4% 👇
Put simply, the market is starting to separate the winners from the losers: it rewards AI spending that can be monetized right away, and punishes spending with no payoff in sight. Google fell nearly 10% after hours, wiping out almost $400 billion in market value overnight, while Microsoft rose about 3% after hours.
Amazon and Intel take the baton tonight. The AI exam isn’t over yet.
Don’t just look at whether the indexes are up or down—first, see where the money is flowing.
$MSFT $GOOGL
Put simply, the market is starting to separate the winners from the losers: it rewards AI spending that can be monetized right away, and punishes spending with no payoff in sight. Google fell nearly 10% after hours, wiping out almost $400 billion in market value overnight, while Microsoft rose about 3% after hours.
Amazon and Intel take the baton tonight. The AI exam isn’t over yet.
Don’t just look at whether the indexes are up or down—first, see where the money is flowing.
$MSFT $GOOGL
