Market Analysis Stock Picks Market Insight Crypto Stocks to Buy Hot Stocks Alphabet didn’t goose the AI trade as expected Listen to the audio version of this article (generated by AI). Last week, in the run-up to Alphabet’s (GOOG) earnings, we highlighted analysis from technology expert Luke Lango, editor of Innovation Investor, who argued that if Alphabet held – or raised – Its AI capex guidance, it would help stabilize and support a rebound in the AI trade. Sure enough, when Alphabet reported last Wednesday, it didn’t just hold its guidance. Cue the meteoric AI rebound rally, right?

While part of the AI trade pushed higher last Thursday, most of that gain had slipped right back out the door by Friday. As I write on Monday, the AI trade continues to be under pressure. That’s the quick summary Luke provided in last week’s Innovation Investor Daily Notes.