CNBC
23 Jul 2026, 08:30 UTC · 1h ago
Tesla and Alphabet shares slump in premarket trading as AI spending concerns spook investors
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
CNBC
23 Jul 2026, 08:30 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
5 claims · each scored for market impact
Alphabet raised its annual capital expenditure forecast to between $195 billion and $205 billion, with warnings of even higher spending in 2027. — Significant increases in capex without immediate guaranteed returns create investor anxiety regarding margin compression and the sustainability of AI spending.
-0.70Tesla reported a 142% year-on-year surge in Q2 capex to $5.79 billion and expects total spending to exceed $25 billion this year. — Aggressive spending growth combined with negative free cash flow signals high risk and capital intensity for the company's AI and robotics pivots.
-0.60Google's cloud revenue grew 82% to $24.8 billion, exceeding market forecasts. — Strong cloud growth provides a tangible proof-of-concept that AI investments are translating into actual revenue.
+0.50Continue reading
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Both Alphabet and Tesla reported negative free cash flow for the second quarter. — Negative FCF indicates that AI ambitions are currently consuming more cash than the businesses are generating, increasing financial risk.
-0.40Tesla's core automotive business revenue rose 23% year-on-year to $20.52 billion. — Growth in the primary business line provides a fundamental cushion against the high costs of speculative AI and robot projects.
+0.30Which stocks this story touches
Shares fell significantly due to a massive surge in capex and negative free cash flow, which outweighed growth in automotive revenue.
Shares fell and investors were unnerved by increased AI capital expenditure forecasts and negative free cash flow, despite strong cloud revenue growth.
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