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🇺🇸 US Markets Brief

🎯 Alphabet, Tesla, and IBM beat Q2; Chipotle cuts outlook; ServiceNow, T-Mobile, Delta guide higher.


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🔸 IBM $IBM topped Q2 estimates and raised guidance, with generative AI revenue at $7.5B, but shares fell 5.5% AH after a strong YTD rally.
🔸 ServiceNow beat Q2 and raised 2025 outlook on strong AI-driven demand; shares rose ~8% AH.

🔸 Alphabet $GOOGL beat Q2 expectations (EPS $2.31 vs. $2.18 est.; $96.43B revenue), but shares slipped ~2% AH as 2025 capex guidance was raised by $10B to $85B, signaling higher AI/cloud investment costs.

🔸 Tesla $TSLA Q2 revenue fell 12% YoY as EV deliveries dropped 13.5%; margins narrowed to 4.1%. CEO Musk warned of “rough quarters” ahead but highlighted AI/robotaxi initiatives. Net income was supported by a $284M Bitcoin $BTCUSD revaluation gain. Shares were flat AH.