US corporate earnings season is gaining momentum, with Alphabet and Intel poised to release their quarterly reports. The market is keenly watching these updates, as they could significantly impact the AI trade and the overall US stock market.
Alphabet’s AI Spending in Focus
Alphabet, the parent company of Google, is expected to provide insights into its AI spending plans. As a major player in the AI space, any changes in its spending strategy could have ripple effects across the entire AI ecosystem.
The company’s quarterly report will be closely watched, particularly in light of the recent rally in chip stocks. The Philadelphia SE Semiconductor index has risen by about 68% in 2026, with Intel shares soaring over 160% and Texas Instruments gaining 68%.
Intel and Semiconductor Industry
Intel’s results will also be significant, given the stunning rally in chip stocks this year. Although the trade has faltered in recent weeks, the high expectations for the semiconductor industry remain. The sector’s massive collective weighting in indexes means chip shares can influence the market’s direction.
Other high-profile results include American Express, Philip Morris International, and defense contractor RTX, with more than 80 S&P 500 companies expected to report in the coming week.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
