☕️ [Task Coins Giveaway] Daily Market Talk — Alphabet Slides Again as AI Spending Widens

$Alphabet(GOOGL.US) fell another 3.6% Tuesday, extending its slide as investors weigh a raised 2026 capex guidance of up to $205B and a new $25B debt offering against genuinely strong Q2 numbers, revenue up 24% and Cloud up 82%, that still came with negative free cash flow. The AI-infrastructure trade wasn't all pain though: $Coreweave(CRWV.US), $Super Micro Computer(SMCI.US) and $Lumentum(LITE.US) all posted blowout beats overnight, and in Singapore $FTSE Straits Times Index(STI.SG) touched a fresh record high after the government raised its 2026 GDP forecast. Let's dig in 👇

💬 Alphabet's fundamentals are strong, but Wall Street keeps punishing its AI spending: at what point does the market start rewarding capex instead of fearing it?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Alphabet Slides Again as AI Spending Widens

🔑 Key Event: $Alphabet(GOOGL.US) fell 3.6% Tuesday, extending a slide tied to its AI-division restructuring, raised 2026 capex guidance of $195-205B, and a new $25B debt offering, even though Q2 revenue rose 24% to $119.8B and Google Cloud jumped 82% to $24.8B. The market's read: strong growth doesn't matter much if free cash flow keeps turning negative to fund it. $Dow Jones Industrial Average(.DJI.US) fell 0.34% to 53,791.85, $S&P 500(.SPX.US) slipped 0.32% to 7,728.20, and $NASDAQ Composite Index(.IXIC.US) fell 0.60% to 26,445.45.

@Newbee2025 : Despite the negative free cash flow and the AI-capex scare, this is still a good entry point on Google, it's just a matter of time before it re-rates and runs like Microsoft did.

👀 Other to Watch

• $Coreweave(CRWV.US) → Q2 revenue more than doubled to $2.58B, beating estimates, with backlog hitting $104B, a figure that alone excludes a further $25B-plus of new commitments signed since. The company also raised full-year 2026 guidance to $12.4-13.2B in revenue and $960M-$1.15B in adjusted operating income; shares surged 8-14% after hours.

@Shyon : After this AI rally, a headline beat won't be enough for names like CoreWeave, the market will be watching orders, customer demand, capacity and forward guidance, and only the names that genuinely clear that bar will hold up.

• $Super Micro Computer(SMCI.US) → revenue jumped 93% year-on-year, with FY2027 revenue guidance raised to up to $72B; shares rose about 7% after hours.
• $Lumentum(LITE.US) → posted record quarterly revenue and said high-power laser demand "far exceeds capacity"; next-quarter guidance beat estimates.
• $Intel(INTC.US) → priced its upsized $20B stock offering at $95/share, drawing roughly $100B in orders, about 5x oversubscribed.
• $KKR(KKR.US) and $Apollo Global(APO.US) → both rallied 5-6% as investors kept digesting Monday's news that $NVIDIA(NVDA.US) signed non-binding deals with six firms, including KKR and Apollo, to raise over $500B for AI-infrastructure financing.

🇸🇬 Singapore — STI Hits a Record as GDP Forecast Gets Upgraded

🔑 Key Event: Singapore's Ministry of Trade and Industry raised its 2026 GDP growth forecast to 4.5%-5.5%, up from 2.0%-4.0%, on Tuesday, after the economy grew 6.1% in the first half, driven by accelerating AI-related capital expenditure lifting the electronics and precision-engineering clusters. $FTSE Straits Times Index(STI.SG) touched a fresh intraday record of 5,774.21 before closing up 0.98% at 5,754.17, with $DBS(D05.SG) and $OCBC Bank(O39.SG) leading the gains on hopes stronger growth will support loan demand and wealth fees. The index pulled back modestly Wednesday morning, down about 0.3% to around 5,737, tracking a soft Wall Street close.

@CP : Weak US jobs data giving the Fed room to cut is bullish for the S&P 500, and that same dynamic is driving capital rotation into stable, high-dividend markets like Singapore's STI, with DBS as the proxy trade.

👀 Other to Watch

• $SGX(S68.SG) → FY2026 net revenue rose 13.9% and adjusted net profit rose 24.6%, with the dividend raised 52% to S$0.57; CEO Loh Boon Chye said the exchange is exploring a broader ETF lineup, including single-stock and leveraged products.

🇭🇰 HK/China — Hang Seng Falls as Chinese ADRs Slide

🔑 Key Event: $Hang Seng Index(00HSI.HK) fell 1.10% Tuesday to 25,652.82, with $Hang Seng China Enterprises Index(HSCEI.HK) down 1.09% and $Hang Seng TECH Index(STECH.HK) down 1.93%. $BABA-W(09988.HK) extended the weakness into Wednesday morning, opening down 1.6% and sliding toward roughly 3% by late morning as it caught up with a 3.26% overnight drop in its US-listed ADR ($Alibaba(BABA.US)), while $Tencent Music(TME.US) sank nearly 10% despite beating Q2 estimates, as investors focused on decelerating sequential revenue growth.

👀 Other to Watch

• Alibaba Cloud → said its new modular data-center design cuts build times to about 100 days and costs by roughly 10%, part of a plan to more than double global capacity.

🌍 Other

• 🌍 Oil stayed elevated, with Brent near $88-89 and WTI near $82-83, after a Houthi missile attack on a cargo ship in the Red Sea killed several crew, adding to ongoing Strait of Hormuz tension.
• 🇰🇷 Korean brokerages slashed price targets on Samsung and SK Hynix by as much as a third, on fears the memory-chip cycle has peaked.
• 🇺🇸 Chicago Fed President Austan Goolsbee said, in a video published Tuesday but recorded weeks earlier, that inflation, not jobs, is "the biggest problem" facing the economy.
• 🇺🇸 The SEC settled fraud charges against fund manager Adit Ventures over how it resold pre-IPO shares of SpaceX and Klarna to investors, not an allegation against SpaceX itself.

📅 Key Events Tonight / This Week

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🚫 No duplicates · ⏰ Deadline: Aug 12, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏