Luminara Stocks(@_stockResearch):Everyone's staring at $GOOG Google's stock down 6% and missing the actual story for semis. They just raised 2026 capex guidance to ~$205B (from ~$185B) — that spend doesn't vanish, it flows straight to $LITE $COHR $SNDK $NBIS $CRWV $MU $AAOI $AEHR among others. Cloud revenue: $24.8B, +82% YoY (up from 63% growth last quarter) Cloud operating income tripled to $8.8B Gemini: 950M MAUs, processing 22B tokens/min The market is punishing GOOGL for spending. The suppliers eating that spend just got a green light. Don't fade the picks-and-shovels trade!

2026.07.23 22:16

Everyone's staring at $GOOG Google's stock down 6% and missing the actual story for semis. They just raised 2026 capex guidance to ~$205B (from ~$185B) — that spend doesn't vanish, it flows straight to $LITE $COHR $SNDK $NBIS $CRWV $MU $AAOI $AEHR among others. Cloud revenue: $24.8B, +82% YoY (up from 63% growth last quarter) Cloud operating income tripled to $8.8B Gemini: 950M MAUs, processing 22B tokens/min The market is punishing GOOGL for spending. The suppliers eating that spend just got a green light. Don't fade the picks-and-shovels trade!