Shay Boloor offers more insight into Alphabet's (GOOGL) earnings, which showed strong revenue growth backed by cloud, but expanding CapEx sent shares plunging. He sees the AI spending plans as bullish long-term, making the case that the first company to down will lose its AI moat. He adds that Alphabet's "shock factor" is now priced in to other Mag 7 names and likely limits further CapEx-tied downside. He talks about the bullish path he sees for Alphabet and other Big Tech firms as the AI buildout continues.