Mateusz Brzeziński

Alphabet will raise 2025 capital spending by $10 billion to $85 billion, mainly for AI chips and data centers, after beating Q2 profit forecasts and posting higher cloud revenue. Nvidia shares rose 1.7% to $174, with market value at $4.23 trillion. Intel cut 15% of staff and paused new factories despite Q2 sales of $12.9 billion. S&P 500 closed at 6,363 and Nasdaq hit records on July 24.

An anonymous trader placed a $23.7 million options bet that Bitcoin will reach $200,000 by year-end, buying 3,500 December calls at $140,000 and selling 3,500 at $200,000. Bitcoin hit a record $123,000 on July 14 and has since traded between $116,000 and $120,000. Open interest on Deribit neared record highs as institutions increased options activity.