A hotter-than-expected inflation reading has rattled the stock market, triggering a broad tech sell-off that has hit even companies reporting record earnings. The sell-off is the dominant market…
Alex Frankos — Podcast Appearances & AI Summaries
Alex Frankos has appeared on 2 podcast episodes in our AI-summarized catalog, including WSJ What’s News. Every appearance below has a free 5-minute AI summary.
What Alex said
“They're basically shrugging it off and saying, 'Yeah, we don't care that you have record profits, we don't care that you have demand until 2031 for your fancy lithography machines...' They're basically saying expectations are too high for right now.”
— Finance editor Alex Frankos on the market's indifference to ASML's strong earnings.
“It's 1.7% of its outstanding shares that it's going to issue. So it's not going to have a huge effect on existing shareholders, but allows them to raise a huge amount of money, and it's a shot across the bow at everyone else to show like hey Google can raise money super easily.”
— Alex Frankos
Episode appearances
2 On the morning of Tuesday, June 2nd, California voters head to the polls in a primary that briefly spooked Democrats, Google announces an $80 billion equity raise to fund its AI buildout, and a…
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