--- title: "Pre-Market: SMCI Surges Nearly 20%; Google Slides Post-Earnings; AI Software Stocks Sink" type: "News" locale: "en" url: "https://longbridge.com/en/news/293590143.md" description: "Super Micro soared almost 20% pre-market, while Google declined over 1% after raising capex guidance. ServiceNow and Palantir each fell over 6% as AI software names came under broad pressure. Nvidia added 2%, extending its rally." datetime: "2026-07-23T09:33:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293590143.md) - [en](https://longbridge.com/en/news/293590143.md) - [zh-HK](https://longbridge.com/zh-HK/news/293590143.md) --- # Pre-Market: SMCI Surges Nearly 20%; Google Slides Post-Earnings; AI Software Stocks Sink U.S. stock futures pointed to a mixed open on July 23, with sharp divergence across the tech landscape. AI hardware names surged, led by **Super Micro Computer (SMCI)** soaring nearly **20%** and **Nvidia (NVDA)** climbing over **2%**. Meanwhile, AI software and cloud services came under heavy selling pressure—**ServiceNow (NOW)** and **Palantir (PLTR)** each dropped more than **6%**, while **Google (GOOGL)** slipped over **1%** post-earnings as a sharp capex hike stoked free cash flow concerns. **AI Hardware Rallies: SMCI Up ~20%, Nvidia Adds 2%** Super Micro Computer (SMCI) surged **19.84%** to **$30.56** in pre-market trading with volume exceeding **163 million shares**. Nvidia (NVDA) rose **2.30%** to **$212.06** on volume of **138 million shares**. Intel (INTC) fell **2.68%** to **$102.62**. Analysts noted Nvidia is expanding beyond its AI GPU dominance into the **$200 billion** CPU market, with the Vera Rubin platform expected this autumn and a CPU revenue target of **$20 billion** for the year. Despite substantial prior gains, AI adoption remains in its early stages, with sustained innovation underpinning robust demand. **Google Slips Post-Earnings as Capex Hike Stokes Worries** Alphabet (GOOGL) fell **1.46%** to **$342.09** pre-market on volume of **39.33 million shares**. Apple (AAPL) edged down **0.56%** to **$325.89**; Amazon (AMZN) lost **1.09%** to **$244.85**; Netflix (NFLX) dipped **0.20%**. Alphabet posted Q2 revenue of **$119.8 billion**, beating estimates with strong cloud momentum, but raised full-year capex guidance to **$195–$205 billion** (up from **$180–$190 billion**), while free cash flow turned negative to **\-$5.9 billion**, triggering investor anxiety over the pace of AI investment returns. Noah Holdings' CIO office observed that the market is repricing AI capex through a free-cash-flow lens, rather than signaling the end of the AI narrative. **AI Software Stocks Broadly Lower: ServiceNow, Palantir Down Over 6%** ServiceNow (NOW) tumbled **6.47%** to **$95.46**; Palantir (PLTR) slid **6.10%** to **$124.57**; UiPath (PATH) plunged **11.13%** to **$10.70**. Google's aggressive AI spending ramp triggered a ripple effect, with markets concerned that enterprise AI software vendors face an increasingly competitive landscape. Additionally, Google's announcement of deep integration of its Gemini 4 model into search and cloud products could exert substitution pressure on certain standalone AI software tools. Elsewhere, **Tesla (TSLA)** fell more than **5%** pre-market following its earnings report, which set an Optimus V4 production target of **10 million units per year** and flagged that the AI5 chip is expected to enter production mid-next year. Among bank stocks, **Bank of America (BAC)** inched up **0.65%** to **$61.62**. Small-cap China-concept stocks saw wild swings, with **Zhongchao** skyrocketing **191.84%**, **Zhibao Tech** surging **44.75%**, while **Li Bang** plunged over **42%**. ### Related Stocks - [SMCI.US](https://longbridge.com/en/quote/SMCI.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [NOW.US](https://longbridge.com/en/quote/NOW.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [PATH.US](https://longbridge.com/en/quote/PATH.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) ## Related News & Research - [Bank of America cuts Hugo Boss voting rights stake to 13.32% from 14.25%](https://longbridge.com/en/news/293451080.md) - [As Nvidia Discloses a 9.3% Stake in Nebius, Here’s How You Should Play NBIS Stock](https://longbridge.com/en/news/293504980.md) - [Intel Stock Just Got a Stunning Price Target Hike Ahead of Earnings. How to Play INTC From Here.](https://longbridge.com/en/news/293383311.md) - [REG - Henderson Smllr Cos Bank of America Corp - Holding(s) in Company](https://longbridge.com/en/news/293492682.md) - [REG - Edinburgh Worldwide Bank of America Corp - Holding(s) in Company](https://longbridge.com/en/news/293192314.md)