Jul 24 Big Tech CapEx Hangovers and Tariff Headwinds Challenge Market Recovery

$GWRE $SAP $INTC

Author

Mukund Mohan
July 24, 2026

Market

“Investors continue to digest a difficult convergence of macro risks: aggressive Big Tech capital expenditure warnings, persistent Middle East supply fears, and a fresh round of Section 301 trade tariffs affecting 60 trading partners.” 😊 😋

Wall Street has abruptly flipped from rewarding hyper-scaler AI ambition to demanding immediate free-cash-flow conversion. Following double-digit drops in $TSLA ( ▲ 0.42% )  Tesla (-14.5%) and $GOOGL ( ▼ 0.61% )  Alphabet (-7%) triggered by multi-billion dollar CapEx raises, semiconductor names like $MU ( ▼ 0.11% )  Micron (-7.5%) absorbed heavy collateral damage.

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Insights from the portfolio

INTC Intel Corporation Q2 2026 Earnings: AI Acceleration and 18A Progress Drive Massive Beat and Raise

Shares rallied +12% to +13% in extended trading, surging past $112 as investors cheered the strongest top-line growth in over 15 years.

Mukund Mohan

Video of the day

Today’s video is on Guidewire $GWRE ( ▼ 1.44% ) the P&C insurance vertical SaaS

Deep dive of the day

SAP $SAP Cloud Momentum Silences the AI Skeptics — and the Margin Story Is Just Getting Started - Investment Literacy Coach

Here is the contrarian's hook for Q2 2026: SAP missed on EPS by $0.21 — and the stock ripped nearly 9% higher on the session. If you have spent any time

Investment Literacy Coach