Alphabet “crushed it,” Gradient Investment analyst Lisa Schreiber said when discussing Alphabet’s second quarter earnings report with Brian Sozzi. Troy Gayeski, Chief Market Strategist for Future Standard, also joined the conversation to discuss the earnings report. Some key topics discussed are AI spend, capital expenditures guidance raised, and the buildout of AI infrastructure.
Elon Musk warned of “tough quarters” ahead for Tesla on the Q2 earnings call, as revenue fell 12%, the sharpest decline in a decade. Schreiber also weighed in on Tesla’s results, warning of the possibility of a lot of ‘broken promises down the road’ when weighing in about concerns about buying Tesla stock.
Also, Keurig Dr Pepper tops Q2 estimates. CEO Tim Coffer breaks down the company’s results, saying “it was a good quarter.” He also discusses key drivers for the business, including refreshment beverage growth and energy, which he says is “a billion-dollar business.”
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