5 Things to Know Before the Stock Market Opens on Thursday
5 Things to Know Before the Stock Market Opens on Thursday
Kara GreenbergThu, July 23, 2026 at 11:48 AM UTC
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Investors are reacting this morning to earnings reports from major tech companies, as they await several more in the coming days.Credit: Spencer Platt / Getty Images
Stock futures are lower as worries about AI spending pressure big tech shares; Tesla shares are falling after the electric vehicle maker said rising R&D costs squeezed profits; Alphabet shares are taking a hit too after the company lifted its capital expenditures forecast; strong AI spending trends could favor chipmaker Intel, due to release results after the closing bell today; and Advanced Micro Devices is set to showcase its latest tech at its “Advancing AI” keynote. Here’s what you today.
Stock Futures Slide Amid AI Spending Worries
Stock futures are lower Thursday as concerns about AI-related costs drag on tech shares. Futures tied to the tech-heavy Nasdaq and the benchmark S&P 500 were recently down 0.7% and 0.5, respectively, while Dow Jones Industrial Average futures slipped 0.5%. The major indexes closed lower yesterday, resuming their recent slide ahead of the results from Tesla and Alphabet. WTI oil futures were nearly 5% higher at $91 per barrel, as fighting in the Middle East raises worries about a prolonged conflict. Gold futures were down 1.7% to around $4,080 an ounce, while bitcoin hovered around $65,500. The yield on the 10-year Treasury note, which affects interest rates on consumer loans, rose to 4.70%, its highest level since early last year.
Tesla Stock Falls as AI Spending Squeezes Profits
Tesla shares are more than 6% lower in premarket trading, after the electric vehicle maker’s quarterly profits missed analysts’ estimates. Tesla said higher costs driven by the company’s investments in AI and R&D projects, along with lower average selling prices and the expiration of EV tax credits, squeezed profits. Adjusted earnings dropped 18% year-over-year to 33 cents per share, well below the 55 cents per share analysts surveyed by Visible Alpha looked for. The EV maker’s second-quarter revenue fell 26% to $28.24 billion, though that figure came ahead of the consensus projection of $26.69 billion.
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Alphabet Stock Also Slides After Capex Boost
Shares of Alphabet are down 5% premarket despite quarterly earnings that topped analysts’ expectations, after the tech giant told investors it could spend more than it previously anticipated to fuel its AI ambitions. Alphabet said it now sees capital expenditures of between $195 billion and $205 billion this year, up from an earlier forecast of $180 billion to $190 billion, per a transcript provided by AlphaSense. The company posted second-quarter earnings of $9.11 per share on revenue that rose 24% year-over-year to $119.80 billion, ahead of projections.
Intel Set to Report Earnings After the Closing Bell
Intel is slated to report earnings after the closing bell, with analysts surveyed by Visible Alpha expecting the chipmaker to report growing revenue and profits, thanks to booming demand for its AI hardware. A strong print could help reinvigorate enthusiasm for the shares, which have dropped close to 30% from last month’s highs amid a broader tech pullback in recent weeks. They’re still up nearly 180% since the start of the year, making Intel one of the best-performing stocks in the S&P 500 for 2026 so far. The stock climbed around 1% in premarket trading.
AMD CEO Lisa Su to Speak at ‘Advancing AI’ Event
Advanced Micro Devices (AMD) is set to host its “Advancing AI” keynote later today, which could bring more announcements regarding the chipmaker’s latest products and partnerships. CEO Lisa Su is set to headline the address scheduled for 12:30 p.m. ET. Wall Street analysts have said the event could also bring a more ambitious update to AMD’s longer-term outlook based on growing AI demand, after what’s already been a strong year for the chipmaker, with shares up roughly 160% year-to-date. Shares of AMD were down less than 1% in premarket trading.
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Source: “AOL Money”
