February 5, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

AI Cap Ex

Please click here for a chart of Google stock (GOOG).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of GOOG stock is being used to illustrate the point.
• The chart shows the spike up when Alphabet released earnings.  Earnings were better than the consensus and whisper numbers.
• The chart shows steady decline in Alphabet stock after the initial spike up.
• The proprietary Arora Report VUD indicator on the chart shows net supply of Alphabet stock after earnings release.