Alphabet (GOOGL) selling off after earnings surprised Marta Norton due to the Mag 7 giant's earnings and valuation at the time of the report. The company's increased CapEx sent an alarm throughout Wall Street despite the strength. Marta believes the stock market is "handicapping" companies upping their spend on concerns they can't meet manufacturing necessities. She expects to see a similar story after Microsoft (MSFT), Meta Platforms (META), and Amazon (AMZN) report earnings. Marta also explains how software companies serve as "anti-AI" trades.