Alphabet stock gets drop-kickedSo much for the many positives on the AI front from Alphabet's (GOOG, GOOGL) second quarter earnings report. Alphabet's second quarter capital expenditures came in at $44.9 billion, slightly above Wall Street forecasts of $44.7 billion. Alphabet stock blew up on Thursday, falling 7.13% and erasing about $293 billion in market value on that day. The company notched its strongest revenue growth rate in 15 years in the second quarter. Since then, Intel stock has skyrocketed 320% — or has gone up and to the right, as seen on the AlphaSpace chart below.