Alphabet to Report Q2 Earnings on July 22 as Semiconductor Index Tumbles 9.97% Amid AI Concerns

According to Yonhap News, Alphabet will report second-quarter earnings on July 22, with the market closely monitoring cloud growth and AI capital expenditure guidance. The Philadelphia Semiconductor Index fell 9.97% last week and 18.06% this month as investors worry that hyperscalers' massive AI investments may not translate into profitability. Brent crude oil for September delivery surged 15.91% last week as U.S.-Iran military tensions escalated, with concerns that prolonged conflict could reignite inflation fears in U.S. markets.
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