By Ragini Mathur
July 22 (Reuters) - U.S. stock indexes were mixed on Wednesday, as weakness in chip shares soured sentiment ahead of the first batch of Big Tech earnings that could decide the durability of Wall Street's AI-driven rally.
After months of gains that pulled the major indexes up from their March lows, momentum has faltered as volatility in heavyweight semiconductor shares has dented risk appetite.
Investors are now looking to second-quarter results from Alphabet and Tesla, the first of the so-called "Magnificent Seven" megacap companies to report after the bell for fresh evidence that these companies' multibillion-dollar investments in AI are paying off.
Alphabet will be under particular scrutiny after a delay in the launch of a model central to its AI ambitions intensified concerns. Its shares were flat.
#alphabet #indexes #ragini #july
July 22 (Reuters) - U.S. stock indexes were mixed on Wednesday, as weakness in chip shares soured sentiment ahead of the first batch of Big Tech earnings that could decide the durability of Wall Street's AI-driven rally.
After months of gains that pulled the major indexes up from their March lows, momentum has faltered as volatility in heavyweight semiconductor shares has dented risk appetite.
Investors are now looking to second-quarter results from Alphabet and Tesla, the first of the so-called "Magnificent Seven" megacap companies to report after the bell for fresh evidence that these companies' multibillion-dollar investments in AI are paying off.
Alphabet will be under particular scrutiny after a delay in the launch of a model central to its AI ambitions intensified concerns. Its shares were flat.
#alphabet #indexes #ragini #july
3 months ago
