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The US earnings season is heating up, with some Big Tech names up next.
As we had highlighted in yesterday's Market Pulse report (published Mon, July 20):
Wed, July 22: Alphabet earnings (market cap: US$ 4.28 trillion)
Wed, July 22: Tesla earnings (market cap: US$ 1.39 trillion)
Thur, July 23: Intel earnings (market cap: US$ 487.8 billion)
With a combined market cap of about US$ 6.16 trillion (as of US market close on Monday, July 20), the markets' reactions to these stock earnings could move broader US equities as well.
The key question on the minds of traders and investors worldwide, ahead of these earnings ...
Will all this AI spending ultimately pay off?
Here's a breakdown of each of these 3 Big Tech earnings due in the days ahead:
1) Alphabet to resurface above 50-day SMA?
Google's parent company is set to unveil its latest quarterly earnings after US markets close on Wed, July 22nd.
WHAT to look out for?
Alphabet is expected to put in a strong showing for its Cloud and chips (TPUs) businesses, but Search ads - its main business - may cede market share to the likes of Anthropic and OpenAI.
Alphabet expects to invest US$180 billion - US$190 billion on AI for this 2026 financial year, while FY2027's capex is expected to grow another 50%!
4.8% up/down once Alphabet's earnings have been released.
POTENTIAL SCENARIOS:
UPSIDE: Assuming this stock can breach resistance around its 50-day simple moving average (SMA), Alphabet's share price may revisit the $370 handle if its earnings can bolster sentiment surrounding AI stocks.
DOWNSIDE: If market doubts persist about the eventual AI payoff, Alphabet shares may re-test support around the $336.79 region - an apt price target give its previous role as the cycle low back in late June. From a technical perspective, traders will be eyeing if its 100-day SMA can support prices once more, as it's done on 2 separate episodes now since late June.
READ MORE: Trade the index - one of 3 basic strategies traders can use during US earnings season.
2) Tesla to hit 3-month low?
Tesla is set to unveil its latest quarterly earnings after US markets close on Wed, July 22nd.
WHAT to look out for?
Despite recently announcing that it sold 25% more EVs worldwide in Q2 2026 than in the same period last year (Q2 2025), markets are increasingly viewing Tesla as an AI and robotics company.
Watch for any guidance on the path to profitability for Optimus (humanoid robot) and/or Cybercab (robotaxi).
Robotaxis are expected to start contributing to Tesla's revenue next year (2027), while Optimus humanoid robots may only start raking in revenue after 2030.
5.5% up/down once Tesla's earnings have been released.
POTENTIAL SCENARIOS:
UPSIDE: Tesla may hit the $394 psychological level and beyond, while noting potential resistance around the converging 21-day and 100-day SMAs, if CEO Elon Musk offers robust guidance on the robotaxi and robot projects.
DOWNSIDE: Tesla stocks may sink to around $353.00, potentially marking their lowest levels since mid-April, if Musk fails to inspire investors about the EV company's future plans and pivot.
3) Intel to hit fresh 2-month low?
Intel is set to unveil its latest quarterly earnings after US markets close on Thursday, July 23rd.
WHAT to look out for?
Intel is expected to announce another set of resilient earnings, amid expected growth in CPU demand.
However, moderating demand for PCs in the second half of the year, along with tightening supplies and rising memory costs, may put a crimp in its comeback story.
Watch also for more details on Intel's chip-manufacturing (18A, 18A-P, 14A), especially customer commitments.
11.6% up/down once its earnings have been released
Note from the chart above that Intel is attempting to rebound from its lowest prices since late-April 2026.
POTENTIAL SCENARIOS:
UPSIDE: Intel may rebound to the $114 mark if markets are convinced there's enough AI demand to keep fueling Intel's comeback, while noting potential resistance around the converging 21-day and 50-day SMAs.
DOWNSIDE: Intel may sink to a fresh 2-month low (since late-April) if the AI trade unwinds further this week with the company offering little in the way of rebuttal from its earnings release and outlook. Note that the downside target around $90.00 may offer psychological support, along with technical support with its 100-day SMA lurking neraby.
Helpful notes for new traders:
With Bybit TradFi, traders can react faster to these stock earnings, with near-24/5 trading available for these 3 stocks.
Traders can potentially profit even from falling prices, by "shorting" the stock (press "Sell" first, instead of "Buy").
Tap here for 3 simple strategies traders can employ during earnings season.
DISCLAIMER:This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.
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