Alphabet raises 2026 capex forecast again as Intel and IBM report quarterly results

EarningsProduct / TechCorporate Action Impact 4
โดย Seeking Alpha·Read original
Summary · why it matters

Alphabet raised its 2026 capital expenditure forecast to between $195 billion and $205 billion, up from a prior range of $180 billion to $190 billion, while reporting negative free cash flow of $5.9 billion for the quarter ended June. Intel offered second-quarter results and guidance above Wall Street forecasts, aided by AI-linked CPU demand, but the stock reversed course and closed nearly 8% lower on Friday. IBM provided better-than-expected guidance following preliminary second-quarter results that had caused a roughly 25% stock drop the prior week. AMD and Anthropic signed a chip and investment deal worth billions of dollars, under which Anthropic will deploy up to 2 gigawatts of AMD's MI450 AI accelerators starting in the first half of 2027, and AMD will invest up to $5 billion in Anthropic. Super Micro Computer shares surged nearly 20% after it raised its gross margin outlook, with GAAP and non-GAAP gross margins now estimated at 15% to 17%, up from prior guidance of 8.2% to 8.4%. Oracle landed a 10-year contract with the U.S. Department of War to provide software services in a deal that could total $6.99 billion if all option years are exercised.

Impact on stocks 17

Artificial Intelligence± Mixed · 10 stocks
Alphabet Inc Class C
GOOG
▼ NegativeCapitalrelevance

Alphabet raised 2026 capex forecast and reported negative free cash flow.

Super Micro Computer Inc
SMCI
▲ PositiveCapitalrelevance

Super Micro Computer raised its gross margin outlook, with GAAP and non-GAAP gross margins now estimated at 15% to 17%, up from prior guidance of 8.2% to 8.4%.

Advanced Micro Devices Inc
AMD
▲ PositiveDemandrelevance

AMD signed a deal with Anthropic to supply MI450 AI accelerators and invest up to $5 billion.

Semiconductors▲ · 4 stocks
Intel Corporation
INTC
▲ PositiveDemandrelevance

Intel reported Q2 results and guidance above forecasts, aided by AI-linked CPU demand.

Cloud & Digital Infrastructure▲ · 2 stocks
Oracle Corporation
ORCL
▲ PositiveDemandrelevance

Oracle landed a 10-year contract with the U.S. Department of War worth up to $6.99 billion.

Robotics & Physical AI▲ · 1 stocks

Theme Impact 12

Off-coverage companies 1

AnthropicPrivate▲ Positive
Demandrelevance

Anthropic signed a deal to deploy up to 2 gigawatts of AMD's MI450 AI accelerators, indicating strong demand for its AI services.

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