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fxJul 23, 2026, 8:38 AM

Alphabet's Capex Surge Revives AI Funding Concerns; Oil Nears $100

US futures slipped as Alphabet's earnings highlighted rising AI spending, while oil prices approached $100, keeping the market cautious.

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US futures declined following Alphabet's earnings, which featured a significant increase in capital expenditure for artificial intelligence. This rekindled investor concerns about the sustainability of AI spending.

Meanwhile, oil prices continue to edge toward the $100 per barrel mark, adding to market unease. The juxtaposition of tech earnings and rising commodity prices presents a complex backdrop for Asian trading.

Source: FXStreet Forex News