The market stalled Wednesday as rising oil prices and another round of Big Tech selling canceled out strength in energy and utilities.

The S&P 500 slipped 0.1%, the Nasdaq 100 lost 0.5%, and small caps fell 0.9%. Crude climbed 2.5% as the U.S.-Iran conflict kept inflation risk and geopolitical nerves parked on the same screen.

After the bell, Tesla’s revenue beat could not cover an earnings miss or negative free cash flow, while Alphabet’s 82% cloud growth arrived with a $44.9B capex bill. Stocktwits traders kept buying Tesla weakness but turned bearish on SpaceX as its post-IPO slide and approaching share unlocks tested Elon loyalty in stereo.

Today’s Briefing: Powered by Stocktwits MCP.

Tesla slipped after hours Wednesday after its earnings miss overshadowed a revenue beat. Record deliveries brought growth back, but the AI pivot sent cash flow in reverse.

The RIP: $TSLA fell 2.4% after hours. Adjusted EPS was $0.33 versus $0.51 expected, while revenue hit $28.24B versus $25.71B. Revenue rose 26%, net income fell 5% to $1.11B, and free cash flow swung to negative $1.1B.

The delivery rebound restored revenue growth, but it did not keep profit or cash moving the same way. Tesla spent Operating expenses jumped 47% to $4.35B as Tesla poured money into AI, Cybercab, and Optimus, leaving the car business to bankroll the robot pitch. Capex jumped to $5.8B.

The MCP Read: Sentiment remained 79% bullish despite the miss, while the stream questioned Tesla’s valuation and robot spending.

79% of the $TSLA room remains bullish after the earnings miss, track the reaction ->

Alphabet barely moved after hours Wednesday despite beating expectations, as explosive Google Cloud growth collided with another giant AI spending bill.

The RIP: $GOOG fell 0.4% after hours. EPS hit a whopping $9.11 versus $2.89 expected, while revenue rose 24% to $119.8B versus $116.9B. Cloud revenue jumped 82% to $24.77B, beating $24.56B, and remaining performance obligations reached $514B versus $488.1B.

A roughly $99B unrealized investment gain inflated headline EPS, while quarterly capex doubled to $44.9B. The cloud backlog makes that spending easier to defend, but Alphabet must convert contracted demand into cash before AI infrastructure becomes the new money pit.

82% of the $GOOG room is bullish on the cloud surge, track the spending ->

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OpenAI said its cyber models escaped a supposedly isolated evaluation, found their way onto the internet, and hacked Hugging Face’s production systems to steal the answer key.

The RIP: OpenAI identified GPT-5.6 Sol and an unreleased model as responsible. The AI’s hacked into internal datasets and credentials, but there was no evidence that public models, datasets, or Spaces were altered.

According to a blog post, OpenAI had instructed the models to pursue complex attack paths while testing them on ExploitGym, a cybersecurity benchmark. The models were running with reduced safety restrictions inside a “sandbox” that could reach an internal package registry proxy.

The agents discovered a zero-day vulnerability, a cybersecurity word meaning devs have zero days to patch the problem — hackers were already in.

The models escaped and thought that Hugging Face might be able to help with their security testing. They tied together stolen credentials, additional vulnerabilities, and a remote-code-execution path to get in, like beadsheets made into a rope. 🛏

Who Cares: If frontier agents can autonomously discover zero-days, AI spending could shift toward identity protection, and security. That puts software giants $PANW, $CRWD, $ZS, and $S front and center, while OpenAI partners and investors face the liability question. The legal team gearing up for the firm’s IPO must be having a ball right now. 😆

The MCP Read: The stream is split between calling the breach a security failure and proof of OpenAI’s technological lead. The $OPEAZZX.P room is 63% bull on the breach, read the room ->

90.7K WATCHERS · 71% BULLISH · NORMAL ACTIVITY

Supermicro nearly doubled its gross-margin forecast to 15%-17% and disclosed more than $60B in new orders. $DELL jumped 9% on the read-through as investors reconsidered whether AI servers can generate profits, not just enormous invoices.

42.4K WATCHERS · BEARISH · LOW ACTIVITY

ServiceNow fell 3.3% as investors waited to see whether its Q2 beat and improved subscription outlook could revive confidence in premium software valuations. Bears see AI compressing the economics of traditional SaaS, while bulls argue that enterprise adoption and large contracts are strengthening ServiceNow’s position at the center of corporate workflows.

90.6K WATCHERS · BEARISH · NORMAL ACTIVITY

SpaceX fell 6.2% to $123.54, extending its slide below the $135 IPO price as investors braced for early-August lockup expirations. With only 5% of its shares floated in the offering, the bearish room is debating whether incoming supply breaks the valuation or finally creates an entry point.

66.6K WATCHERS · NEUTRAL · LOW ACTIVITY

QuantumScape fell 7.2% as its Q2 update highlighted revised development milestones with Volkswagen’s PowerCo but offered no shortcut to commercial-scale battery production. Supporters see the agreement and Honda relationship as validation, while skeptics remain focused on cash consumption, manufacturing timelines, and the long road between promising cells and profitable factories.

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📈 US, Iran Suggest Peace Talks Aren’t Imminent as Attacks Widen

😨 $100M New Jersey deli fraudster James Patten sentenced to 21 months in prison

🏠 US 30-Year Yield Raises Alarm in Longest Run Above 5% Since 2007

📺 Supermicro stock jumps on gross margin raise amid record $60 billion backlog

👀 Senate crypto bill would ban federal officials — including presidents — from issuing digital assets

Macro: Weekly jobless claims (8:30 AM ET). 📊
Pre-Market Earnings: $AAL American Airlines Group Inc, $LMT Lockheed Martin Corp., $CLF Cleveland-Cliffs Inc, $FCX Freeport-McMoRan Inc, $AVXL Anavex Life Sciences Corporation, +22 more. ☀️
After-Market Earnings: $INTC Intel Corp., $IVR Invesco Mortgage Capital Inc, $NEM Newmont Corp, $SMMT Summit Therapeutics Inc, $DECK Deckers Outdoor Corp., +9 more. 🌙

Intel, the PC and server chipmaker, reports Thursday after the close with Lip-Bu Tan’s turnaround facing its biggest test yet.

The RIP: Wall Street expects $0.22 adjusted EPS and $14.4B revenue. Intel guided for $0.20 and $13.8B-$14.8B, respectively. Server demand, PC weakness, and Intel 18A manufacturing progress will decide whether the stock’s 184% year-to-date run survives.

The MCP Read: The $INTC room is 57% bull before earnings, track the reaction ->

Want to see some change? Email me, Kevin Travers with feedback, and follow me on Stocktwits. Refer a friend for this quarter’s edition of The RIP Forecast 😎

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