The Motley Fool
02 Nov 2026, 04:30 UTC · 3h ago
Can SpaceX Overcome the AI Trade Sell-Off?
Impact · against what's priced in
The reported AI results for Microsoft and Alphabet largely confirm existing market expectations, offering little catalyst for price movement. SpaceX's AI revenue surge is significant but fails to overcome a broader market skepticism regarding AI capex monetization that has already suppressed its share price below IPO levels.
- GOOGL−0.10
Already priced in
- The price assumes
Cloud revenue growing at or just above the current 35.8% pace
The stock's 10% drop following $51.3 billion in capex and an earnings miss reinforces the market's refusal to pay for AI-driven margin expansion or growth acceleration.
What GOOGL's price assumes · Sep 2
