“Alphabet isn’t just reporting earnings, it’s reporting on the health of the entire AI investment cycle. If management sounds any less committed to AI investment, the market won’t just punish Google, it will question the durability of the AI buildout more broadly...”

Micron, Sandisk were big winners. Interactive Brokers wavered late on earnings.

(Bloomberg) -- US equity-index futures slipped and Asian stocks pared gains as investors turned cautious ahead of Alphabet Inc.’s earnings after recent volatility pushed a key…