Alphabet Stock Lags the Tech Sector, But Analysts Stay Bullish
GOOGL shares have trailed the broader market over the past year even as Wall Street analysts remain upbeat on Alphabet’s cloud and advertising prospects.
GOOGL shares have trailed the broader market over the past year even as Wall Street analysts remain upbeat on Alphabet’s cloud and advertising prospects.
Nvidia shares soared 7.63% in after-hours trading after Q2 revenue hit $96.2 billion and the chipmaker forecast 70% sales growth for fiscal 2028.
South Korea’s KOSPI opened sharply higher after Nvidia’s earnings beat Wall Street expectations, calming investor worries about a slowdown in global semiconductor demand.
Wall Street closed nearly flat as US inflation hit 3.7% and GDP grew 1.5% in Q2, with traders eyeing Nvidia earnings and the Fed’s Jackson Hole meeting.
Brent crude dropped over 3% below $90 a barrel and Nasdaq futures jumped 0.9% as signs of Iran de-escalation lifted chipmakers and eased bond yields.
Intel dropped 5%, AMD 4% and Micron 5.8% ahead of Nvidia’s Wednesday report, with the S&P 500 slipping to 7,652.86 amid analyst warnings of a possible 20% drawdown.
The S&P 500 rose 0.4% and the Dow gained 517 points Friday, snapping a rough stretch even as jumpy bond markets kept pressuring stocks.
Wall Street trimmed weekly losses with the Dow up 517 points, but bond yields and Brent crude near $92.67 keep pressure building.
Aristotle Capital’s Small Cap Equity Fund returned 13.69% in Q2 2026, lagging the Russell 2000’s 21.49% gain even as MACOM Technology Solutions rode data center and 5G demand higher.
Subsea equipment rental group Ashtead Technology flagged a revenue and profit miss after Middle East disruption and vessel scheduling delays pushed projects into 2027.