$GOOGL earnings landed clean, strong and mostly as expected, but the real signal was capex, guidance raised with demand and capacity both growing into next year. $TXN's capex print came in light too, but the CFO reportedly pushed back hard on any read of AI capex cuts, so that miss looks more like FUD than a crack in the thesis. OpenAI tacking on another $150B to its capex guide, now $750B, and SpaceX chasing compute too says the picture's still growing, not shrinking. Tomorrow's session is the real tell, if the market can't rally on this kind of confirmation, that's a tell in itself.
Aggregated and distilled by Two Sentence Traders. Not financial advice.