Event Dime

Markets Track Lower as AI Spending Soars

When:

July 23, 2026 · 4:00 AM

Where:

Cboe Global Markets

Source:

Cboe Global Markets

The markets were under pressure in early trading as investor fears grow over heavy spending on artificial intelligence investments coupled with the heightening escalations in the Middle East. Alphabet and Tesla reported earnings late yesterday that outpaced Wall Street’s revenue expectations, but rattled investors as they both reported negative cash flows and ratcheted up their AI spending intentions. That’s setting the tone for AI spending across the board for mega-cap technology companies.