--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — Intel Soars as Big Tech Sheds $800B, Oil Breaks $100" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000814474.md" description: "It was the wildest night of earnings season. After the close Intel (INTC) roared back, jumping about 12% on its fastest revenue growth since 2011, but the rest of Big Tech went the other way: Tesla (T..." datetime: "2026-07-24T03:38:20.000Z" locales: - [en](https://longbridge.com/en/topics/100000000814474.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000814474.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000814474.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — Intel Soars as Big Tech Sheds $800B, Oil Breaks $100 It was the wildest night of earnings season. After the close Intel (INTC) roared back, jumping about 12% on its fastest revenue growth since 2011, but the rest of Big Tech went the other way: Tesla (TSLA) cratered about 14% and Alphabet (GOOGL) fell about 7%, and the Magnificent 7 shed roughly $800B in a single day, their worst since April 2025. On top of the earnings carnage, Brent oil broke above $100 for the first time since May as the Iran conflict escalated, driving Treasury yields to year-highs. Risk-off was everywhere. Let's dig in 👇 💬 Buying this Big Tech dip, or does $100 oil keep you defensive? ## 📊 **Quick Recap — What Moved & Why** 🇺🇸 **US — Earnings Split the Tape, Oil Adds Fuel** 🔑 **Key Event:** Earnings week turned brutal for Big Tech. A day after Tesla (TSLA) and Alphabet (GOOGL) reported, the market delivered its verdict: **Tesla cratered about 14% and Alphabet fell about 7%,** its market cap slipping below $4 trillion, as investors balked at soaring AI capex. **The Magnificent 7 shed roughly $800B, their worst day since April 2025**, and the indexes followed, with the S&P 500 off 1.2% to 7,408.30, the Nasdaq down 2.2% to 25,137.69 and the Dow off 1.0% to 51,711.65. **After the close, Intel (INTC) stole the show, jumping about 12% on Q2 revenue of $16.1B (up 25% YoY, its fastest growth since 2011), AI-related sales up 70%, and upbeat Q3 guidance**. Layered on top, Brent crude broke above $100 for the first time since May on the escalating Iran conflict, pushing the 10-year yield to a year-high near 4.70% and giving stocks a second reason to fall. #### 👀 **Other to Watch** - **Nvidia (NVDA) & AMD (AMD)** → Nvidia slipped about 1.6% with the tech tape but signed a $1.5B chip-packaging deal with Amkor (AMKR), while AMD rolled out new AI chips it claims lead Nvidia's, keeping the silicon arms race in focus. - **Lockheed Martin (LMT) +10.6%** → defense stocks jumped after a Q2 beat (net sales $20.06B, EPS $7.94) and raised full-year guidance, with the Iran escalation adding a bid. - **Micron (MU) about +4%** → memory bucked the sell-off on steady AI-infrastructure demand. - **Nokia (NOK)** → beat on Q2 profit and raised its full-year guidance, but US-listed shares still fell about 5% as the cautious read met the broad tech selloff. 🇸🇬 **Singapore — STI Slips From Its Record, Banks Cool** 🔑 **Key Event:** Singapore took a breather just shy of its record. The STI eased about 0.2% to 5,581.76, holding within a whisker of Wednesday's all-time high of 5,595.42, then opened weaker again Friday as Wall Street's tech selloff and $100 oil weighed. The three banks that drove the record run pulled back, and CGS International downgraded OCBC (O39) and UOB (U11) to "hold" on valuation after a strong year, turning attention to Q2 results in early August. #### 👀 **Other to Watch** - **DBS (D05) · OCBC (O39) · UOB (U11)** → the big three eased from records; CGS cut OCBC and UOB to "hold" on valuation (both up sharply YTD), with results due Aug 6 for DBS and Aug 7 for OCBC and UOB. - **Singapore Airlines (C6L)** → holds its 54th AGM today (Jul 24), with the 25.1% Air India stake in focus; SIA has flagged progress there and said no impairment was needed. - **Macro** → June core inflation rose to 1.6% (from 1.4%, just below the 1.7% expected) and headline CPI was 1.9%, keeping attention on the MAS policy statement due Jul 27. 🇭🇰 **HK/China — Opens Lower, Tracking Wall Street** 🔑 **Key Event:** Hong Kong gave back Thursday's rebound at Friday's open, tracking Wall Street's tech rout. The HSI fell about 1.35% to around 24,870 and the Hang Seng TECH dropped about 1.9%, as the overnight AI selloff spilled into China's mega-cap internet names. The pain was concentrated there rather than in chips, as local semiconductors and oil-and-gas names actually bucked the drop. #### 👀 **Other to Watch** - **Alibaba (9988.HK) · Tencent (0700.HK) · Baidu (9888.HK)** → internet mega-caps led the fall, with Alibaba down about 4.4%, Tencent about 2.5% and Baidu about 2.8%; Meituan (3690.HK) eased about 1.6%. - **Chips bucked the tape** → Hua Hong (1347.HK) and SMIC (0981.HK) edged higher, a reversal from Thursday's semiconductor selloff. - **Oil & gas gained** → energy names rose with crude above $100, while gold miners slipped. - **Zhongji Innolight (300308.SZ)** → its Hong Kong mega-listing is mid-subscription (Jul 22-27) at up to HK$1,010 a share, having locked in about US$3.45B from 29 cornerstones including Alibaba, Tencent, Temasek and Chow Tai Fook; it debuts around Jul 30 as the city's biggest IPO since 2019. ## 🌍 **Other** - **Oil** → Brent broke above $100 (about +7% to $100.69) for the first time since May and WTI jumped about 6% to $92.19, as Iran rejected a ceasefire, intercepted US missiles and Washington threatened strikes on its nuclear sites; the 10-year Treasury yield hit a year-high near 4.70%. - **Central banks & data** → the ECB held its deposit rate at 2.25% and stayed data-dependent with no pre-set path, while US jobless claims fell to 187,000, the lowest since 1969, a hot labour read heading into next week's FOMC. - **Tariffs** → with the temporary 10% blanket tariff expiring at midnight, the White House unveiled replacement duties of 10% to 12.5% on roughly 60 trading partners, exempting oil, gas and food. - **FX & crypto** → the yen slid toward 164, near a four-decade low, on the oil-driven hit to Japan; Bitcoin eased to about $65K as the CLARITY Act stalled (passage odds down to roughly 38%), while gold recovered $4,100. ## 📅 **Key Events Tonight / This Week** - 🇺🇸 S&P Global Flash PMIs (July) and New Home Sales · today, Fri Jul 24 - 🇸🇬 SIA 54th AGM · today, Fri Jul 24 - 🇺🇸 Big Tech Q2 earnings · Microsoft (MSFT) & Meta (META) Wed Jul 29; Apple (AAPL) & Amazon (AMZN) Thu Jul 30 - 🇸🇬 MAS quarterly monetary policy statement · Mon Jul 27 - 🇺🇸 June durable goods orders · Mon Jul 27 - 🇺🇸 FOMC meeting · Jul 28-29 (decision Wed Jul 29) - 🇭🇰 Zhongji Innolight (300308.SZ) HK IPO pricing · around Jul 29, debut near Jul 30 - 🇺🇸 Q2 GDP advance and June PCE · Thu Jul 30 - 🌍 US-Iran conflict and Strait of Hormuz flows · ongoing (oil driver) 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: July 24, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [00201.HK](https://longbridge.com/en/quote/00201.HK.md) - [LMT.US](https://longbridge.com/en/quote/LMT.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [GOOGN.US](https://longbridge.com/en/quote/GOOGN.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [AMKR.US](https://longbridge.com/en/quote/AMKR.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) ## Comments (22) - **BangAli · 2026-07-25T02:54:06.000Z**: intel soars??? - **NewUser_zS0M8w · 2026-07-24T14:03:01.000Z**: Yesterday was a huge red day for majority of the stocks. Even Servicenow with a great beat for earnings pulled back together with the broader market, as insider selling continues to pile up. Report suggests that insider selling in 2026 has significantly outweigh retail buyers, and with Trump's socia - **NewUser_oPJWOU · 2026-07-24T13:43:00.000Z**: Market sold off yesterday with Mag 7 companies leading the way with heavy losses. Nothing new especially during the earnings season, there will always be winners and losers. What's more important is looking beyond a company's past and reassessing whether the company still has growth potential and if - **Vt3 · 2026-07-24T09:47:44.000Z**: $Intel(INTC.US)soars but basis my record 1.7.26, at price $120, thereafter till now, fall like a London bridge, not yet recovers! Now is $100 hope in 1 weeks time regain its power siao🙏🆙⬆️🎯 - **Tiffany lover · 2026-07-24T08:25:58.000Z**: As the Iran conflict escalates, Brent crude oil has broken through the $100 per barrel mark for the first time, pushing U.S. Treasury yields to their highest level this year. Risk aversion pervades the market.Combined with a sharp decline in tech stocks, this has dragged down the Nasdaq.The Singapor - **Helen72 · 2026-07-24T07:42:53.000Z**: You might consider temporarily avoiding blind dollar-cost averaging into the market-cap weighted Nasdaq 100 ETF, as its defensive effectiveness has significantly dulled due to excessive concentration among mega-caps. Increase allocation to equal-weight indices, rotating some tech positions into the - **koolgal · 2026-07-24T07:06:49.000Z**: 🌟🌟🌟The simultaneous drop in $Tesla(TSLA.US)and $Alphabet - C(GOOG.US)share price coupled with Brent Crude oil piercing USD 100 signals a brutal macro change.I would build immediate exposure to $SPDR Energy Select(XLE.US)as they represent the best US Energy giants like $ExxonMobil(XOM.US)and $Chevro - **Dacai · 2026-07-24T06:58:56.000Z**: It should be obvious that the Trump Administration will levy tariffs by whichever excuse it can find so I think the tariffs are not as much of a surprise as before. - **Victor y · 2026-07-24T06:42:28.000Z**: With oil elevated and yields climbing, volatility continues to shape market sentiment as market participants recalibrate risk exposure.STI remains supported by resilient bank earnings and a defensive sector mix. If banks deliver MAS stays supportive and oil prices ease, the index could resume its up - **Fattycat · 2026-07-24T06:39:16.000Z**: I just came to know that world’s largest bank, China, stops letting its retail clients trade paper gold after today. What will happen to gold price after that 🤔. Becareful with gold trading . - **dingdongbell · 2026-07-24T06:13:41.000Z · 👍 1**: Looks like the market is worried of inflation with good labour data and rising oil prices. Sell off first and then buy back later they like to do. - **LazyCat · 2026-07-24T05:02:20.000Z · 👍 1**: While the physical world has the super El-nino, the market appears to have the equivalent: AI capex ROI/monetisation concerns, Iran conflict, Chinese gov crackdowns, continuation of yet another tariff blah blah, inflation and rate hike concerns. Now we wait for Microsoft and such to offer a relieve - **LazyCat · 2026-07-24T04:47:58.000Z · 👍 2**: Intel, the laggard, bucked the trend because expectations (and hence valuation) weren't high to begin with. Any good news is rewarded with a pat on the back and a nod of approval. Should there be any correction, I'm prepared to collect the flippers and snorkel masks left behind by the n*ked swimmers - **Rainwijaya · 2026-07-24T04:47:53.000Z · 👍 2**: Markets face a pivotal week with PMIs, FOMC, GDP, PCE, and major tech earnings all converging. Volatility may rise, but strong fundamentals and guidance from megacaps could determine whether equities extend gains or pause temporarily. - **Shyon · 2026-07-24T04:16:20.000Z · 👍 3**: I see this selloff as a healthy reset rather than the end of the AI bull market. Alphabet and Tesla reminded investors that massive AI spending comes with short-term pressure on margins and free cash flow, but Intel's surprisingly strong results proved that enterprise AI infrastructure demand remain - **Fattycat** (2026-07-24T04:28:53.000Z): These days, we barely hear the word “correction” anymore. It has been totally forgotten in this long bull run. But a 20–30% pullback is actually healthy and I completely agree. Sharp pullbacks is an o - **NewUser_CkrdqW · 2026-07-24T04:10:34.000Z · 👍 2**: Oil went above $100 as Iran rejected ceasefire and Trump threatens to go "all out" once more. Tech stocks sold off hard following Tesla's moderate earnings and Alphabet's raise in Capex, leading the drawdown of S&P by 1.3%. Going into the weekend, I expect the bearish sentiment to remain - **Fattycat** (2026-07-24T04:17:50.000Z): Tesla is facing heavy margin pressure from Chinese EV makers. Those days of sky-high profits are over. Be practical and Tesla has to face the cruel reality now. Sell cheaper or loose out. - **Heroic Lifesaver · 2026-07-24T04:07:26.000Z · 👍 1**: The broad market is selling off possibly in reaction to hot labour which means the Fed will have no reason to cut and the ongoing ME standoff which causes oil to rally. - **Fattycat** (2026-07-24T04:45:12.000Z): Tesla’s profits fell far short of expectations as costs climbed. Could this be a sign that other companies will face the same problem? Wait for more earnings announcements from other listed companies. - **lungrisser · 2026-07-24T04:01:38.000Z · 👍 2**: With oil back above usd100, we now just have to wait and see when would Iran somehow be "convinced" to come back to the ceasefire table.For those already vested in oil, shouldn't we cash in most of the gains now? - **Fattycat · 2026-07-24T03:58:42.000Z · 👍 3**: The Magnificent 7 shed $800 billion in a single day ….their worst slump since April 2025! I am not too worry because Trump may wave his “Alan Greenspan wand” to turn things around? 🤣 ( I miss those days when Fed Green span was around)Jokes aside: with Trump keeping markets guessing, don’t overuse le --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**