Alphabet (GOOGL) and Intel (INTC) will approach second-quarter earnings from opposite sides of the artificial-intelligence boom.
Alphabet is one of the biggest infrastructure buyers in the industry. Intel is trying to prove it can be a bigger supplier to that build-out.
Their reports together could help decide whether the AI trade's recent slide is a buying opportunity or the start of a wider valuation reset.
The market's expectations are unusually high. S&P 500 earnings are expected to rise 26% during the second quarter, while the Philadelphia Semiconductor Index remains up more than 60% in 2026 despite falling over 20% from its late-June record.
Even strong results from major overseas chipmakers are producing muted stock reactions.
#Intel #index
Alphabet is one of the biggest infrastructure buyers in the industry. Intel is trying to prove it can be a bigger supplier to that build-out.
Their reports together could help decide whether the AI trade's recent slide is a buying opportunity or the start of a wider valuation reset.
The market's expectations are unusually high. S&P 500 earnings are expected to rise 26% during the second quarter, while the Philadelphia Semiconductor Index remains up more than 60% in 2026 despite falling over 20% from its late-June record.
Even strong results from major overseas chipmakers are producing muted stock reactions.
#Intel #index
2 months ago
