US stocks were mixed with most major indices in the red, while the Nasdaq underperformed amid a slump in Alphabet shares - Newsquawk Daily Asia-Pac Market Open

Google chief scientist Jeff Dean launched a startup amid Alphabet share slump, while SpaceX committed entirely to Nvidia hardware for AI infrastructure instead of AMD. The moves signal talent drain from Big Tech to AI venture stage and Nvidia's consolidation as sole credible infrastructure provider for critical players—reshaping capex allocation and chip strategy for teams building foundation models.