$100 Oil Meets A $500B Tech Wipeout

Tom Bruni The Daily Rip

24 hours ago

9 MIN READ

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Good evening, and happy Thursday. Oil hit $100/barrel by some counts, while tech fell big time on two giant whopping CapEx reports from Tesla and Google.

So why did oil climb? War of course, and it never changes. Truth Social posts said the U.S. would go tit for tat on Iran for any attack from the Houthis in the Gulf area, after the proxy group claimed responsibility for striking Saudi tankers in the Red Sea.

Trump was also busy talking tariffs, setting up 10%-12.5% levies on 60 countries to start Friday night, to replace the temporary 10% global rules expiring. That marks about 99% of trade, the Office of U.S. Trade said Thursday.

Stocktwits traders flipped bearish on Tesla’s spending spree, stayed bullish on Intel’s comeback, and kept AMD among the loudest streams as the market demanded returns before another capital request.

Today’s Briefing: Powered by Stocktwits MCP.

After The Bell: Intel’s server boom beat estimates while Deckers slid on slower brand growth.
Stocks: Tesla and Alphabet lost $500B as AI spending pushed free cash flow negative.
What’s Trending Now on Stocktwits
Reply: Which bill hurts stocks more from here: $100 oil or runaway AI spending?

AFTER THE BELL
Intel Finds Its AI Lane 🚗

Intel, the PC and server-chip maker, jumped 8% after hours Thursday after data-center demand powered its strongest revenue growth in nearly 15 years.

The RIP: $INTC adjusted EPS of $0.42 doubled the $0.21 estimate. Revenue rose 25% to $16.1B versus $14.42B expected, while Data Center and AI sales surged 59% to $6.3B.

Intel guided Q3 revenue to $15.8B–$16.8B, clearing the $15.1B consensus as AI inference created more demand for its server CPUs. But a $2.16 GAAP loss per share, higher planned capital spending, and a foundry business still reliant on internal orders leave the comeback with plenty left to prove. For a stock that was down 28% during the chip dip, it was a happy sight.

Investors, like Uncle Sam, have watched as the once downtrodden U.S. chip maker climbed 87% last year, and more than 170% this year.

65% of $INTC stayed bullish after earnings, test the turnaround ->

Deckers Trips Over Growth 👟

Deckers, the footwear group behind HOKA, UGG, and Teva, slid another 7% after hours Thursday after an earnings beat failed to hide slower brand growth and shrinking operating income.

The RIP: $DECK fell 6.7% after hours. EPS was $0.94 versus $0.88 expected, while revenue rose 5.7% to $1.02B, matching estimates. HOKA sales increased 7.7% to $703.5M, and UGG grew 4.9% to $278M.

Operating income fell 6% to $155.3M as SG&A expenses climbed 13%, while a 7% reduction in diluted shares helped preserve per-share growth. Deckers raised full-year EPS guidance by only $0.05 to $7.35–$7.50, with the forecast assuming buybacks equal roughly 80% of projected free cash flow. Investors wanted faster shoe sales, not better financial footwork.

The MCP Read: The $DECK room hates the beat-and-drop, see what bulls defend ->

STOCKS
AI Sends The Bill 🤖

We reported it last night, but in today’s market session these giants were even worse for wear: Tesla and Alphabet erased half a trillion dollars in market value Thursday after both companies told investors that their AI ambitions would consume more cash, even as their core businesses delivered growth. Both firms said free cash flow- the lifeblood of all things good and plenty, was turning negative. 🩸

The RIP: $TSLA fell 14.5% and $GOOGL ( ▲ 0.58% ) dropped 7.1%, wiping out roughly $500B combined. Tesla reported $0.33 adjusted EPS versus $0.53 expected on $28.24B in revenue. Google Cloud revenue jumped 82% to $24.8B, but Alphabet raised 2026 capex guidance to $195B–$205B.

Tesla’s quarterly capital spending surged 142% to $5.79B, helping push free cash flow negative as the company built robots, autonomous vehicles, and semiconductors. Elon Musk called it “a massive capex year” and predicted “maybe the best capex returns that we’ve ever seen,” but the Stocktwits room flipped 57% bearish after investors received the bill before the robots. Sounds big if true.

Problem is Tesla reported its highest quarterly revenue, but lowest operating profit in years. Also, two thirds of the entire earnings reported came from Tesla’s stake in SpaceX stock.

Alphabet had more to show for its spending. Google Cloud’s operating margin expanded to 35.6% from 20.7%, but negative free cash flow and another $15B added to planned capital spending overshadowed the acceleration. Even $AMZN fell 4.6%. Amazon and Meta are both reporting next week, and their own $70B+ CapEx totals are likely going up as well, and traders are cutting back now in expectation.

The $TSLA room flipped bearish on AI spending, follow the fallout ->

TRENDING ON STOCKTWITS

$AMD +1% | AMD

561.3K WATCHERS · BULLISH · NORMAL ACTIVITY

AMD climbed after Anthropic agreed to deploy up to 2 gigawatts of Instinct MI450 GPUs, with the first gigawatt scheduled for early 2027. AMD also committed up to $5B to Anthropic, giving bulls another hyperscaler-sized customer while skeptics question how much circular financing the AI infrastructure boom can absorb.

$CMCSA -7% | Comcast

13.2K WATCHERS · BEARISH · LOW ACTIVITY

Comcast fell after Q2 revenue slipped 1.2% to $29.94B, even as Peacock posted its first quarterly profit and reached 48M paid subscribers. The bearish room focused on the less cinematic part of the report: connectivity revenue dropped 3%, keeping pressure on the cash-generating business investors are supposed to own after the media split.

$ACI -22% | Albertsons

5.9K WATCHERS · BEARISH · LOW ACTIVITY

Albertsons cratered after adjusted EPS of $0.42 missed the $0.54 estimate, while identical sales fell 0.8% despite revenue edging above expectations at $24.94B. The guidance reset and shrinking gross margin gave bears control, while value hunters argued that a profitable grocer near a 52-week low may have received an unnecessarily dramatic checkout receipt.

ST EDITOR’S PICKS
Links That Don’t Suck 🌐

🤑 OpenAI’s Hugging Face hack triggers ‘AI Kill Switch’ bill in Congress

😨 House votes to end war in Iran, dealing Trump another loss

🏠️ Oracle signs 10-year software contract with Pentagon worth up to $7 billion

💰️ Cathie Wood Adds More SPCX Stock With Elon Musk’s SpaceX Hitting Fresh Record Lows

📺️ TSLA Stock Heads For Worst Single-Day Fall In Over A Year — Wall Street Seeks ‘Tangible’ Robotaxi, Optimus Milestones

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Macro: S&P Global Flash Manufacturing Purchasing Managers Index (PMI) (9:45 AM ET), S&P Global Flash Services PMI (9:45 AM ET), New home sales (10:00 AM ET). 📊
Pre-Market Earnings: $VZ Verizon Communications Inc, $AXP American Express Co., $NEE NextEra Energy Inc, $SLB SLB Ltd., $FLG Flagstar Bank NA, +5 more. ☀️
After-Market Earnings: $UROY Uranium Royalty Corp. 🌙

P.S. You can listen to all of these earnings calls on Stocktwits.

Get In Touch 📬

Want to see some change? Email me, Kevin Travers with feedback, and follow me on Stocktwits. Refer a friend for this quarter’s edition of The RIP Forecast 😎

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$100 Oil Meets A $500B Tech Wipeout

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AFTER THE BELL
Intel Finds Its AI Lane 🚗

Deckers Trips Over Growth 👟

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STOCKS
AI Sends The Bill 🤖