"The markets are under pressure today after Big Tech stocks spooked investors with their hefty capex agendas for 2026. Google parent Alphabet ( Nasdaq: GOOGL) Google shocked the markets by basically doubling its capital expenditures roadmap to $185 billion in 2026 compared with expectations of $120 billion in a bid to drive growth. GOOGL stock, which is a member of the Nasdaq Composite, is currently down about 3% while its market cap is hovering at $3.9 trillion."
"Meanwhile, Nvidia ( Nasdaq: NVDA) is reportedly bracing for a chip shortage that will prevent new gamer graphic chips from hitting the markets this year. Nvidia stock has sunk 9% in the past five days alone. On the economic front, 231,000 Americans found themselves in the unemployment line last week, surpassing estimates of a lesser 209,000. Here's a look at where things stand as of morning trading:"
Big Tech capital expenditure plans have increased market pressure, with Alphabet planning $185 billion in capex for 2026 versus expectations of $120 billion. Alphabet reported double-digit sales and profit increases while its stock fell about 3% and market capitalization hovered near $3.9 trillion. Meta committed $125 billion in capex this year. Nvidia is reportedly preparing for a chip shortage that could delay new gamer graphics chips, and Nvidia stock has declined roughly 9% over five days. Weekly initial jobless claims reached 231,000, exceeding estimates of 209,000. Major indexes — Dow, Nasdaq, and S&P 500 — traded modestly lower. Broadcom and Netflix posted gains but did not lift overall market sentiment, while Super Micro Computer experienced heightened short-term volatility.
Read at 24/7 Wall St.
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