A US stock bounce back lost steam in afternoon trading on Friday, though Wall Street remained on track for weekly wins as investors embraced strong earnings from Amazon (AMZN) that eased some doubts about prospects for Big Tech. The Nasdaq Composite (^IXIC) rose 0.5%, while the S&P 500 (^GSPC) gained 0.1%, both pulling back from significant gains earlier in the session. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, fell 0.2% on the heels of a rough day on Wall Street. Fresh ...

US stocks bounced back on Friday, on track for weekly wins as Wall Street embraced strong earnings from Apple (AAPL) and Amazon (AMZN) that eased doubts about prospects for Big Tech. The Nasdaq Composite (^IXIC) surged 1%, while the S&P 500 (^GSPC) gained nearly 0.5%. The Dow Jones Industrial Average (YM=F), which includes fewer tech stocks, added 0.1%. Amazon stock opened at an all-time high of $250.20 Friday. Shares soared about 12% after its third quarter results easily topped analysts' forecasts. In ...

Core Viewpoint - Amazon's Q3 financial results exceeded expectations, driven by strong growth in its cloud computing business, AWS, which is experiencing its highest growth rate since 2022 [1] Group 1: Financial Performance - AWS revenue grew by 20.2% to $33 billion, marking the highest growth rate since 2022, compared to 19% in the previous quarter [1] - Earnings per share (EPS) reached $1.95, surpassing the expected $1.57 [1] - Total revenue was $180.17 billion, exceeding the forecast of $177.8 billion [1] - Advertising revenue was $17.7 billion, above the expected $17.34 billion [1] Group 2: Cloud Business Insights - Unfulfilled orders at the end of Q3 increased to $200 billion, excluding several undisclosed orders from October [1] - AWS added 3.8 GW of power capacity over the past 12 months, doubling its capacity from 2022, with plans to double it again by 2027 [1] - The Rainier data center project includes 500,000 Trainium 2 chips, with expectations to grow to 1 million chips by year-end [1] - Trainium 2 chips have become a multi-billion dollar business, with a quarterly growth of 150% [1] Group 3: Capital Expenditure and Future Guidance - Capital expenditures for FY25Q3 were $34.2 billion, a year-over-year increase of 61% and a quarter-over-quarter increase of 9%, exceeding prior guidance [2] - The company expects Q4 revenue to grow to between $206 billion and $213 billion, representing a year-over-year increase of 10%-13% [4] - Projected capital expenditures for 2025 are expected to reach $125 billion, up from a previous estimate of $118 billion [4] Group 4: E-commerce Performance - Online store revenue for FY25Q3 was $67.407 billion, showing a year-over-year increase of 10% and a quarter-over-quarter increase of 10% [5] - Third-party seller services revenue for FY25Q3 was $42.486 billion, with a year-over-year increase of 24% and a quarter-over-quarter increase of 13% [5] - Subscription services revenue for FY25Q3 reached $12.574 billion, reflecting a year-over-year increase of 20% and a quarter-over-quarter increase of 7% [5]

Market Overview - Investors express doubts about the Federal Reserve's interest rate cut prospects, leading to a sell-off in the market, with major U.S. indices declining, particularly tech stocks, with the Nasdaq down nearly 1.6% [1] - Meta's stock plummeted by 11%, while Alphabet rose by 2.5%, and eBay saw a significant drop of 15.88%. Chinese concept stocks index fell nearly 1.9% [1] - After earnings, Amazon surged by 13% and Apple rose by 3%, boosting Nasdaq futures by 1.2% in early trading [1] - U.S. Treasury yields continued to rise, with the 10-year yield increasing by 2.32 basis points [1] - Gold prices rebounded, rising by 2.38% to above $4000, while digital currencies like Bitcoin and Ethereum experienced significant declines [1] Company Performance - Apple's service revenue reached a record high for the same period, despite a surprising decline in revenue from China and weaker iPhone sales during the off-season, but expects a double-digit increase in the upcoming quarter [6] - Amazon's AWS achieved its fastest growth in three years, with capital expenditures exceeding expectations, leading to a 14% increase in stock price after hours [7] - Eli Lilly reported Q3 earnings that exceeded expectations, raising its full-year guidance due to strong sales of weight loss drugs [11] - BYD's Q3 revenue was 195 billion yuan, with a net profit of 7.82 billion yuan, reflecting a year-on-year decline [12] - Zepbound's price reduction led to a threefold increase in sales, contributing to Eli Lilly's strong Q3 performance [11] Economic Indicators - The European Central Bank maintained its deposit rate at 2%, citing economic resilience against trade headwinds, while the Eurozone's Q3 GDP grew by 0.2%, exceeding expectations [4][23] - Japan's central bank kept interest rates unchanged, with two members voting against the decision [5] - The U.S. Treasury yields rose, with the 10-year yield at 4.0892% and the two-year yield at 3.6082% [16] Industry Trends - The semiconductor market is experiencing a significant shift, with companies like Nvidia and Oracle focusing on AI infrastructure and capital expenditures [35][36] - The high bandwidth memory market is entering a new "super cycle" driven by AI demand, with expectations of sustained supply tightness [36] - The gene editing technology is advancing, with new strategies for breeding livestock that could significantly shorten traditional breeding cycles [40][41] - The tax-free shopping policy in China is being optimized to support domestic products and enhance the shopping experience for travelers [38][39]

Group 1 - The 2025 Hurun Women Entrepreneurs List was released, highlighting the top 50 female entrepreneurs in China, with Zhong Huijuan and her daughter Sun Yuan from Hansoh Pharmaceutical becoming the richest women in China with a wealth of 141 billion yuan [1][21] - Zhou Qunfei from Lens Technology saw her wealth increase by 47 billion yuan, ranking second with 110 billion yuan, while Zong Fuli ranked third with 87.5 billion yuan, a drop of two places from last year [1][21] - The report indicates a growing recognition of female leadership in the innovation and pharmaceutical sectors, encouraging more women to engage in these industries [22] Group 2 - The China Securities Regulatory Commission approved the IPO registration application for Moore Threads, indicating a positive outlook for the company and potential investor interest [23][24] - Agricultural Bank of China reported a net profit of 222.3 billion yuan for the first three quarters of 2025, a year-on-year increase of 3.28%, and its market capitalization reached approximately 2.74 trillion yuan, making it the second-largest bank globally by market value [27][28] - Apple reported a fourth-quarter revenue of 102.47 billion dollars, a year-on-year increase of 7.9%, with a net profit of 27.47 billion dollars, reflecting strong performance in its product lines [29][30] Group 3 - YouTube is undergoing a restructuring focused on artificial intelligence applications, aligning with Google's broader strategy to enhance productivity through AI [31] - Meituan issued a warning about scams involving fake promotions and partnerships, emphasizing the importance of user safety and brand integrity [32] - WeChat launched three new features aimed at improving user experience, which may enhance user engagement and competitive positioning in the social media market [33]

Group 1: Market Overview - The U.S. stock market experienced a collective decline, with technology stocks leading the drop due to concerns over increased capital expenditures from major companies like Meta and Microsoft [1][2] - The Dow Jones Industrial Average fell by 109.88 points to 47522.12, a decrease of 0.23%; the S&P 500 dropped by 68.25 points to 6822.34, down 0.99%; and the Nasdaq Composite fell by 377.33 points to 23581.14, a decline of 1.57% [1] - The Nasdaq China Golden Dragon Index decreased by 1.88%, with notable declines in stocks such as Bilibili (over 5%), NetEase (over 4%), Alibaba (over 3%), and JD.com (nearly 3%) [1] Group 2: Company-Specific Performance - Meta Platforms saw a significant drop of 11.3%, marking its largest single-day decline in three years, following concerns about a substantial increase in capital expenditures projected for 2026 [2] - Microsoft shares fell by 2.9% after reporting a capital expenditure of nearly $35 billion for the first fiscal quarter, with warnings of further increases throughout the year [2] - Amazon's stock surged by 11% after reporting Q3 earnings of $1.95 per share, exceeding expectations of $1.57, and revenue of $180.2 billion, surpassing the anticipated $177.9 billion [3] - Apple's Q4 revenue reached $102.47 billion, exceeding market expectations, with a forecast of double-digit growth in iPhone sales for the current quarter despite supply constraints [3] Group 3: Sector Performance - Among the 11 major sectors in the S&P 500, 7 sectors declined, with the consumer discretionary sector experiencing the largest drop of 2.6% [4] - The real estate sector was the only one to show positive performance, increasing by 0.7% [4] Group 4: Economic Indicators - The Federal Reserve lowered interest rates by 25 basis points, but uncertainty remains regarding future rate cuts, with the probability of a December cut dropping from over 90% to about 70% [3]

Group 1: Meta - Meta's stock dropped over 11%, resulting in a market value loss of $214 billion (approximately 1521.6 billion RMB), marking the largest single-day decline in three years and reaching a new low since June [1] - The company's Q3 net profit was $2.7 billion, significantly below analyst expectations, prompting plans to raise at least $25 billion through bond issuance [1] Group 2: Amazon - Amazon reported Q3 net sales of $180.17 billion, exceeding the forecast of $177.82 billion, with an operating profit of $17.42 billion, below the expected $19.72 billion [6] - The company's Q3 net profit was $21.19 billion, with earnings per share of $1.95, surpassing the expected $1.58 [6] - AWS net sales reached $33.01 billion, a 20% year-over-year increase, above the forecast of $32.39 billion [6] - Amazon's stock surged over 13% in after-hours trading following the earnings report [6] Group 3: Apple - Apple's Q4 revenue was $102.47 billion, a 7.9% year-over-year increase, slightly above the forecast of $102.19 billion [7] - The company's Q4 net profit was $27.47 billion, with earnings per share of $1.85, a 90.72% increase year-over-year, exceeding the expected $1.77 [7] - iPhone revenue for Q4 was $49.03 billion, a 6.1% increase, while the company forecasts "double-digit" growth in iPhone sales for the next quarter, higher than the market's expected 9.8% growth [7] Group 4: Google - Google's stock rose over 2% as the company reported Q3 revenue and profit that exceeded analyst expectations, with multiple key business segments achieving double-digit percentage growth [3] Group 5: Other Companies - Microsoft and Nvidia stocks fell over 2%, while Netflix dropped over 1% [6] - Metsera Inc. (MTSR), a clinical-stage biotech company, saw its stock rise over 22%, reaching an all-time high since its listing [6] - Cryptocurrency-related stocks, including Canaan Inc., Coinbase Global, and Marathon Holdings, experienced declines, with Canaan falling over 9% and others dropping over 5% [6] Group 6: Market Indices - The Nasdaq Golden Dragon China Index fell by 1.88%, with most prominent Chinese concept stocks declining, including Bilibili down over 5% and Alibaba down over 3% [9]

For the quarter ended September 2025, Amazon (AMZN) reported revenue of $180.17 billion, up 13.4% over the same period last year. EPS came in at $1.95, compared to $1.43 in the year-ago quarter.The reported revenue represents a surprise of +1.29% over the Zacks Consensus Estimate of $177.88 billion. With the consensus EPS estimate being $1.58, the EPS surprise was +23.42%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Core Insights - Amazon's recent layoffs of 14,000 employees were primarily driven by cultural fit rather than financial or AI considerations, as stated by CEO Andy Jassy [1] - The layoffs represent Amazon's largest job cut since 27,000 positions were eliminated in late 2022, indicating a significant shift in the company's approach to workforce management [1] Group 1: Cultural and Operational Changes - Jassy emphasized the need to reshape Amazon's culture by raising performance standards, enforcing discipline, and reducing bureaucracy [1] - The rapid growth of Amazon has led to increased layers of management, which have hindered decision-making processes [2] - The ongoing AI transformation necessitates a leaner operational structure to enhance speed and efficiency [2] Group 2: Financial Implications - The recent layoffs are estimated to incur $1.8 billion in severance costs, highlighting the financial impact of the workforce reduction [3] - Amazon previously described the job cuts as a proactive measure, suggesting that AI advancements are enabling faster innovation within the company [3] Group 3: Industry Trends - Other major tech companies, such as Google and Microsoft, are also reducing management layers to streamline operations and eliminate corporate bloat, reflecting a broader trend in the industry [2]

Amazon's third-quarter profit jumped 38% to $21. ...