Core Insights - The earnings reports from Microsoft, Alphabet, and Meta reinforce the bullish investment thesis in AI, with significant capital expenditures expected to drive future growth [2][10][18] - Chipotle's recent earnings report was disappointing, highlighting challenges with younger consumers who are reducing spending, leading to a significant drop in its stock price [7][41][46] Company Earnings Analysis - Microsoft, Google, and Meta collectively spent $78 billion on capital expenditures in Q3, marking an 89% increase year-over-year, indicating a strong commitment to AI investments [10][12][18] - Alphabet's earnings report was particularly strong, exceeding expectations across various metrics, including cloud revenue and daily active users [18][22] - Meta's stock fell nearly 12% following its earnings report, as the company emphasized prioritizing AI infrastructure over short-term returns, which raised concerns among investors [6][28][30] Market Reactions - The overall market showed a negative trend, with major indices declining as investors reacted to the earnings reports and comments from the Federal Reserve regarding interest rates [3][4] - Chipotle's stock dropped over 19% after the company reported that younger consumers are pulling back on spending, which is a significant portion of its customer base [7][46] - Analysts expressed mixed feelings about Microsoft’s performance, suggesting it may present a buying opportunity despite some concerns about Azure growth [20][22] Economic Context - The unemployment rate for young people has risen to 9.2%, up from 7.9% a year ago, contributing to reduced spending among this demographic [46] - Inflation and rising costs are impacting consumer behavior, with companies like Chipotle unable to raise prices significantly without losing customers [54][55] Future Outlook - OpenAI is preparing for an IPO that could value the company at $1 trillion, but concerns about profitability and capital needs remain [56][60] - Microsoft is viewed as a safer investment compared to OpenAI, given its established market position and ongoing growth in cloud services [68]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Core Viewpoint - eBay's stock experienced a significant decline of nearly 14%, marking its largest drop in over twenty years, following a Q4 earnings guidance that fell short of market expectations [1] Financial Performance - In Q3, eBay reported a year-over-year sales increase of 9%, reaching $2.82 billion, which surpassed market expectations of $2.73 billion [1] - Adjusted earnings per share for the quarter were $1.36, slightly above the anticipated $1.33 [1] - The total merchandise volume for the period was $20.1 billion, reflecting a 10% year-over-year growth [1] Q4 Guidance - For Q4, eBay's sales guidance midpoint is projected at $2.86 billion, marginally exceeding the market expectation of $2.8 billion [1] - The earnings per share guidance for Q4 is estimated to be between $1.31 and $1.36, which is below the market expectation of $1.38 [1]

Core Viewpoint - eBay experienced a significant decline of nearly 14%, marking its largest drop in over twenty years, closing at $86.76 despite reporting better-than-expected third-quarter results [1] Financial Performance - The company reported a 9% year-over-year increase in sales, reaching $2.82 billion, surpassing market expectations of $2.73 billion [1] - Adjusted earnings per share were $1.36, slightly above the market forecast of $1.33 [1] - Total merchandise volume for the period was $201 billion, reflecting a 10% year-over-year growth [1] Future Guidance - For the fourth quarter, eBay's sales guidance median is set at $2.86 billion, which is slightly above the market expectation of $2.8 billion [1] - The projected earnings per share range is between $1.31 and $1.36, which is below the anticipated $1.38 [1]

eBay一度暴跌14.5%，创下二十多年来最大跌幅。此前公司第四财季盈利指引不及预期，管理层预测假日季度利润低于预期。 https://t.co/LCz5yFmObV ...

Core Viewpoint - eBay's stock experienced a significant drop of over 15% in early trading, reaching a three-month low of $83.925 despite reporting better-than-expected third-quarter sales and earnings [1] Financial Performance - eBay reported a 9% year-over-year increase in sales, totaling $2.82 billion, surpassing market expectations of $2.73 billion [1] - Adjusted earnings per share (EPS) were $1.36, slightly above the market forecast of $1.33 [1] - The total gross merchandise volume (GMV) for the period was $20.1 billion, reflecting a 10% year-over-year growth [1] Future Guidance - For the fourth quarter, eBay's sales guidance midpoint is projected at $2.86 billion, which is slightly above the market expectation of $2.8 billion [1] - The company anticipates earnings per share in the range of $1.31 to $1.36, which is below the expected $1.38 [1]

Group 1 - eBay's stock dropped by 14.5%, potentially marking the largest decline in over twenty years [1] - The company forecasted that its holiday quarter profits would be below expectations [1]

Group 1 - Dow Jones futures down 0.46%, S&P 500 futures down 0.51%, and Nasdaq 100 futures down 0.67% [1] - UK FTSE 100 down 0.61%, France's CAC40 down 0.97%, and Germany's DAX30 down 0.15% [1] - Google shares up over 7% pre-market after Q3 revenue of $102.35 billion, exceeding analyst expectations of $99.85 billion, with net profit up 41% year-on-year to $28.5 billion [1] - Stellantis shares down over 7% pre-market despite Q3 net revenue of €37.2 billion, a 13% year-on-year increase, but warned of potential costs affecting operating profit due to strategic adjustments [1] - Meta shares down over 10% pre-market after Q3 revenue of $51.24 billion, a 26% year-on-year increase, but net profit fell 83% to $2.71 billion [2] - eBay shares down over 10% after the company projected holiday quarter profits below expectations [3] - Microsoft's Q1 revenue of $77.67 billion, an 18% year-on-year increase, exceeded estimates of $75.55 billion, with net profit up 12% to $27.747 billion [3] - OpenAI preparing for an IPO that could value the company at $1 trillion, potentially the largest IPO in history [3] - Novo Nordisk made a cash offer of $56.50 per share for US biopharmaceutical company Metsera, corresponding to an enterprise value of approximately $6 billion [3]

Group 1 - US stock index futures experienced slight declines, with Nasdaq futures down 0.35%, S&P 500 futures down 0.24%, and Dow futures down 0.33% [1] - Major European indices collectively fell, with Germany's DAX down 0.15%, UK's FTSE 100 down 0.61%, France's CAC down 0.91%, and the Euro Stoxx 50 down 0.52% [1] - OpenAI is reportedly planning to apply for an IPO as early as 2026, with a potential valuation of up to $1 trillion [1] - Alphabet, Google's parent company, reported record Q3 revenue of $102.3 billion, with a 34% year-over-year increase in cloud computing revenue [1] - Microsoft reported Q1 FY2026 revenue of $77.67 billion and earnings per share of $3.72, both exceeding expectations; however, Azure and other cloud revenue fell short of buyer expectations [1] - Meta's Q3 revenue was $51.2 billion, with net profit declining to $2.7 billion due to one-time tax expenses; the company raised its full-year capital expenditure guidance [1] Group 2 - Eli Lilly reported a 54% year-over-year revenue increase to $17.6 billion in Q3, raising its full-year revenue forecast [2] - Merck's Q3 sales reached $17.28 billion, with adjusted earnings per share of $2.58, both exceeding expectations [2] - Stellantis reported a 13% year-over-year revenue increase to €37.2 billion in Q3, noting that US tariffs have caused approximately €1 billion in losses this year [2] - Shell's Q3 adjusted profit was $5.43 billion, surpassing expectations; the company announced a $3.5 billion stock buyback plan [2] - ServiceNow reported Q3 revenue of $3.41 billion, with adjusted earnings per share of $4.82, both exceeding expectations; the company plans a 1-for-5 stock split [2] - eBay's Q3 sales grew 9% year-over-year to $2.82 billion, with adjusted earnings per share of $1.36, exceeding expectations [2] - Carvana, a US used car retailer, reported a 54.5% year-over-year revenue increase to $5.65 billion in Q3, with earnings per share of $1.03, which fell short of analyst expectations [2] - KLA Corporation, a semiconductor testing equipment manufacturer, reported a 13% year-over-year revenue increase to $3.21 billion in Q1 FY2026, with adjusted earnings per share of $8.81, exceeding expectations [2] - Novo Nordisk is reportedly increasing its bid for Metsera, while Pfizer's $4.9 billion acquisition may face uncertainties [2] Group 3 - S&P has downgraded Strategy's credit rating to junk status at B-, citing significant "currency mismatch" risks [3]

U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Thursday.Shares of Meta Platforms, Inc. (NASDAQ:META) fell sharply in pre-market trading following third-quarter results.Meta posted upbeat earnings for the third quarter on Wednesday. The company said it sees fourth-quarter revenue in a range of $56 billion to $59 billion, versus the $57.21 billion analyst estimate. Meta also increased its FY25 capital expenditure guidance.Meta Platforms shares dipped 8.5% to $ ...