Closing Bell: Intel Earnings, Alphabet Rises, Tesla Slides
whatshot 16 snips
Jul 24, 2025
The discussion highlights Alphabet's impressive earnings jump, adding over $1 trillion in market value and turning its CEO into a billionaire. Meanwhile, Tesla shares dive 9.5% as Elon Musk predicts a challenging year ahead, citing the loss of EV incentives and the rollout of autonomous vehicles. Intel's mixed earnings report reveals a strategic shift amid workforce cuts, focusing on AI growth while tackling legacy PC sales. Excitingly, Deckers showcases strong revenue growth despite mixed results from other brands.
08:09
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Market Sector Performance
Consumer discretionary stocks, including Tesla, led the market lower, while energy and tech sectors gained.
Alphabet's gain was driven by investor demand for AI-related growth potential.
insights INSIGHT
Alphabet's Explosive Growth
Alphabet has surged over $1 trillion in market value in 2023, rewarding investors with a 120% return.
CEO Sundar Pichai became a billionaire due to this growth, a rare feat for a non-founder tech CEO.
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec.
- Alphabet's (GOOG) earnings beat Wednesday was the latest milestone in what’s been an explosive run since early 2023, during which the company has added more than $1 trillion in market value and returned about 120% to investors. It’s also made its CEO, Sundar Pichai, a billionaire. With Alphabet’s shares approaching an all-time high, Pichai, 53, is now worth $1.1 billion, according to the Bloomberg Billionaires Index. That’s a rare feat for a non-founding chief executive officer, especially in a tech industry where many top executives — including Meta Platforms Inc.’s Mark Zuckerberg and Nvidia Corp.’s Jensen Huang — owe their fortunes to founding equity stakes in their companies. Shares closed higher today.
- Tesla (TSLA) shares fell as 9.5%, the most intraday since June 5, after Elon Musk warned of a hard year ahead for the electric-vehicle maker. Analysts note that the company’s near-term outlook looks rough. Tesla will be a transition period for the next year or more, losing electric vehicle incentives in the US and needing time to roll out autonomous vehicles, the chief executive officer said. “Yeah, we probably could have a few rough quarters,” Musk said. “But once you get to autonomy at scale in the second half of next year, certainly by the end of next year, I would be surprised if Tesla’s economics are not very compelling.”
- Intel (INTC) gave a stronger-than-anticipated revenue forecast for the current period, offering investors a glimmer of hope as they wait for a turnaround under new Chief Executive Officer Lip-Bu Tan. Third-quarter sales will be $12.6 billion to $13.6 billion, the company said in a statement Thursday. Analysts on average had projected a number at the low end of that range. Intel is benefiting from a resurgence in the personal-computer industry, driven in part by manufacturers’ efforts to build up inventory before tariffs hit. But the Silicon Valley pioneer still faces a variety of challenges. It has lost market share to rivals and is struggling to attract customers to its foundry business, which makes chips for outside clients. It also lacks products that can satisfy the massive demand for AI systems. Shares of Intel rose after the bell.
Stock Movers