Wall Street Shocked by AI Surge: What Happened on July 24–25?
Alphabet raised its 2025 capital spending plan by $10 billion to $85 billion after a strong Q2, with cloud revenue up 32%. The S&P 500 rose 0.07% to a record close, while the Nasdaq gained 0.18% to an all-time high; the Dow fell 0.7%. Nvidia climbed 1.7%. Tesla dropped 8.2% after warning of rough quarters ahead.