How $100 Oil Just Repriced Tech: This Is Rotation, Not Liquidation—Confirmation Could Come Next Week

Brent crude oil closed at $100.69, while the Mag 7 stocks lost $938.7 billion, and Intel's after-hours performance shifted the narrative. This occurred as an inflation shock collided with an AI spending bill that investors are scrutinizing. The market showed a split, with defense, industrials, health care, and utilities finding buyers, while Big Tech experienced declines. Alphabet fell 7.13% after lifting its 2026 capital spending guidance to $195 billion - $205 billion.