Tesla and Alphabet Slump Despite Strong Earnings as AI Spending Unnerves Investors

Tesla and Alphabet shares slumped 14% and 7% respectively despite strong results, as increased AI spending guidance unnerved investors already worried about the AI boom’s costs. Meanwhile Google received its first EU Digital Markets Act fine, and oil jumped past $98 after Houthi attacks on Saudi tankers. Here’s what this earnings season’s punishing reaction pattern means for investors.

Read more