The Nasdaq Composite dropped roughly 1 to 2 percent during trading sessions tied to fresh AI capital expenditure disclosures, with Alphabet’s earnings report serving as the main catalyst. The company raised its 2026 capex guidance to a range of 195 to 205 billion dollars, up from a prior estimate of 180 to 195 billion. Hyperscalers are now projected to spend between 500 and 700 billion dollars on AI-related capital expenditure in 2026 alone, with some estimates already crossing 527 billion. Bitcoin fell approximately 1.8 percent to around 64,800 dollars, while Ether dropped about 3 percent to near 1,870 dollars. Neither move was driven by any crypto-specific catalyst, but rather by risk-off sentiment spreading from tech stocks to crypto markets.
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