Google Beat but AI Stocks Are Still Sinking. What’s Going On?

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Luke got the earnings right, but the timing wrong … here’s what comes next… an AI event this Thursday… how to play the data center tsunami… readers sound off in the mailbag

Last week, in the run-up to Alphabet’s (GOOG) earnings, we highlighted analysis from technology expert Luke Lango, editor of Innovation Investor, who argued that if Alphabet held – or raised – Its AI capex guidance, it would help stabilize and support a rebound in the AI trade.

Sure enough, when Alphabet reported last Wednesday, it didn’t just hold its guidance. It raised it.

Cue the meteoric AI rebound rally, right?