Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAnanda BanerjeeFri, July 24, 2026 at 11:07 PM GMT+2 7 min readBig tech earnings week closed with a strange scoreboard. Most companies beat Wall Street's estimates, yet almost every stock fell, and hundreds of billions of dollars in market value vanished in two sessions.Price Moves Post Earnings: BeInCryptoFour signals explain it better than the headlines. Price reaction, money flow, options positioning, and analyst revisions show who actually won the week.Why This Big Tech Earnings Week MatteredSeven heavyweights reported in four days. Texas Instruments opened on July 21, Alphabet, Tesla, IBM, and ServiceNow followed on July 22, and Intel and SAP closed the set on July 23.The week doubled as the first real test of AI capital spending at scale, after earlier calls to dump tech into the reports. Investors wanted proof that record data center budgets are turning into profit.Commentators estimated the megacap group shed $800 billion in a single day, the worst since April 2025.Spending guidance now moves these stocks more than earnings do.Who Won Big Tech Earnings Week?Only two names left the week stronger. One won loudly on results, while the other won quietly on positioning.IntelIntel delivered the cleanest beat. Revenue rose 25% to $16.1 billion, its fastest growth in almost 15 years, and earnings of $0.42 per share doubled estimates. Consequently, the stock jumped more than 12% after hours.Money tells a more cautious story. Chaikin Money Flow (CMF), a proxy for institutional money flow, sat at −0.13 into the print.The Winners' Price And Money Flow After Earnings: BeInCryptoBarchart showed put/call open interest, the tally of contracts still held, at 0.96.This is a clear case of growing bearish hedging against Intel's 0.6-0.75 baseline.Intel Put/Call: BarchartAnalysts lifted targets without lifting ratings. Morgan Stanley kept its Hold at $84, and JPMorgan stayed at Sell at $85, per TipRanks.ServiceNowServiceNow fell 3.7% in the session after its report, which looks like a defeat. The details argue otherwise. It beat on earnings, grew subscription revenue 24.5%, and raised its outlook.CMF slipped to −0.10, so big money has not yet confirmed a recovery.However, both put/call ratios fell after the print, from 0.54 to 0.42 on volume and 0.83 to 0.80 on open interest, showing bullish buildup.ServiceNow (NOW) Put/Call Ratio And Price: BarchartAnalysts raised targets at Bernstein and Evercore against a single KeyBanc Sell. Positioning treated the dip as an entry.Who Lost the Week?The losers shared one flaw, and it was not weak demand. Markets punished heavy spending harder than soft results.The Losers' Price And Money Flow After Earnings: BeInCryptoTeslaTesla failed all four tests. Earnings of $0.33 per share missed the $0.51 consensus, free cash flow turned negative, and capital spending jumped 142%. The stock fell 14.5%, its worst session in over a year, capping a tense Tesla earnings preview week.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info