In a push to expand its AI footprint in emerging markets, Google has partnered with billionaire Mukesh Ambani–led Reliance Industries to bundle its AI Pro subscription with Jio 5G plans at no extra cost. On Thursday, Google announced a partnership with Reliance, India’s largest company by market capitalization, to offer its AI Pro subscription free for 18 months to eligible Jio users. The alliance comes just three months after Perplexity teamed up with Reliance’s arch-rival Bharti Airtel, India’s second- ...

India’s telecom operators are no longer just competing over 5G—they are now battling for AI supremacy to capture market share.Three months after Airtel offered its subscribers Perplexity, Reliance Intelligence on Thursday announced its tie-up with Google to offer Jio users the latest version of Google Gemini AI Pro worth ₹35,000 free of cost for 18 months.The Jio announcement comes as telecom operators seek to expand their market shares by offering new digital services alongside voice and data. The aim is t ...

10月29日，美国联邦公开市场委员会(FOMC)公布最新利率决议，降息25个基点。 在随后的记者会上，美联储主席鲍威尔表示，尽管不少投资者预计12月继续降息，但这并非板上钉钉之事。 当日，主要股指收盘涨跌互现。道琼斯指数下跌近0.2%；标准普尔500指数收盘持平；纳斯达克综合指数上涨近 0.6%，再创历史新高。 与此同时，在科技股七巨头中，公布了财报的微软、脸书母公司Meta、谷歌母公司Alphabet收盘涨跌不一。投资者 将重点关注亚马逊、苹果两家公司的财报与股价表现。 AI支出拖累股价 10月29日，微软公布了超预期财报：三季度营业收入776.7亿美元，同比增长约18%；营业利润379.6亿美元，同比增 长约24%；稀释后每股收益(EPS)为3.72美元，同比增长约13%。备受关注的Azure云业务实现了约40%的增长，与二 季度创下的两年半最高增速持平。 尽管业绩亮眼，但并未能打动投资者，公司股价在盘后交易中出现小幅下跌，因为微软宣称，其云服务已经供不应 求。 为应对云计算与人工智能服务需求的迅猛增长，微软计划今年将人工智能算力提高80%，在未来两年内将数据中心 规模扩大一倍。 Meta的境遇则更为糟糕 ...

The largest technology companies are betting on an AI future powered by gigantic data centers filled with humming servers. Now that the staggering cost of this push is coming into sharper focus, it’s testing nerves on Wall Street. Most Read from Bloomberg Three bellwethers from different corners of the technology world – Alphabet Inc., Meta Platforms Inc. and Microsoft Corp. — together racked up some $78 billion in capital expenditures last quarter. That’s up 89% from a year earlier. Most of that cash ...

谷歌涨超6%，公司三季度营收、利润以及全年资本开支指引均超出分析师预期，多个主要业务实现两 位数百分比增幅。 Meta跌11%，第三财季净利润为27亿美元，远低于分析师预期，公司计划通过债券发行筹集至少250亿 美元。 凤凰网财经讯 10月30日，美股开盘集体低开，道琼斯指数跌0.41%，标普500指数跌0.52%，纳斯达克综 合指数跌0.79%。 ...

Group 1 - Meta experienced a significant decline of 10.4% due to a one-time tax expense that led to a sharp drop in quarterly profits [1] - Microsoft saw a decrease of 2.3%, despite exceeding expectations in Q1 performance [1] - Alphabet's stock rose by 7.3%, with Q3 revenue, profit, and full-year capital expenditure guidance all surpassing expectations [1] Group 2 - Metsera's stock surged by 20.2% following Novo Nordisk's proposal to acquire the company at $56.50 per share [1]

Core Insights - The Bank of England has warned about 'stretched valuations' in the AI stock market, indicating a potential for a sharp correction that should concern the leasing sector [1][2] Group 1: Market Dynamics - The interconnectedness of major players in the AI ecosystem, such as NVIDIA, OpenAI, and Microsoft, creates systemic risks, as their partnerships tightly bind capital, infrastructure, and R&D [3] - Seven tech companies—Apple, Amazon, Meta, NVIDIA, Tesla, Microsoft, and Alphabet—account for approximately 30% or more of the S&P 500 by market capitalization, driving most of the index's growth [4] Group 2: Impact on Leasing Sector - A shock to any major player in the AI ecosystem could have cascading effects, impacting leasing firms that utilize AI directly or indirectly [5] - The current AI sector is characterized by high valuations that are not supported by sustainable cash flows, with NVIDIA being a notable exception due to its record profits [6] Group 3: Speculative Nature of Investments - Investor enthusiasm and speculative beliefs in future transformations are driving prices, which may indicate a classic asset bubble from a governance perspective [7]

Core Insights - The artificial intelligence (AI) infrastructure segment is experiencing significant growth, with global AI-powered data center infrastructure capital expenditures projected to reach approximately $7 trillion by 2030 [1] Company Summaries Alphabet Inc. (GOOGL) - GOOGL reported third-quarter 2025 earnings of adjusted $2.87 per share, exceeding the Zacks Consensus Estimate of $2.26 per share, and revenues of $87.47 billion, surpassing estimates by 2.95% [5][6] - The growth in earnings was driven by strong performance in AI-powered cloud businesses, leading to a raised 2025 capex forecast to $91-$93 billion [6][9] - AI-powered cloud revenue increased by 32% year over year to $15.16 billion, with a cloud-computing backlog of $155 billion [7][9] - The AI-induced search engine generated $56.56 billion in quarterly revenues, up 15% year over year [8] Microsoft Corp. (MSFT) - MSFT reported first-quarter fiscal 2026 earnings of adjusted $4.13 per share, beating the Zacks Consensus Estimate of $3.65 per share, with revenues of $77.67 billion, exceeding estimates by 3.62% [11][12] - The intelligent cloud business generated $30.9 billion in revenues, reflecting a 28.3% year-over-year increase, with Azure experiencing 40% growth [12][13] - Capex for the first quarter was $34.9 billion, primarily invested in AI-powered data center infrastructure [12] Meta Platforms Inc. (META) - META reported third-quarter 2025 earnings of adjusted $7.25 per share, beating the Zacks Consensus Estimate of $6.61 per share, with revenues of $51.24 billion, surpassing estimates by 3.63% [14][15] - AI-induced advertising revenues reached $50.08 billion, up 25.6% year over year, with a family daily active user count of 3.54 billion [15][17] - The company raised its 2025 capex expenditure to $116-$118 billion, driven by increased AI workloads [15][16] Industry Trends - The substantial investment in AI infrastructure is expected to transform various sectors, including automation, healthcare, energy, and cybersecurity over the next five years [18] - AI-powered data center chipset developers and original equipment manufacturers are anticipated to be major beneficiaries of this trend [19] - The rising demand for energy in the AI sector has positioned nuclear energy as a key solution for meeting global electricity needs and transitioning to cleaner energy sources [19]

Market Overview - US stock index futures are collectively down as investors digest trade negotiation results and earnings reports from major tech companies [1] - The Dow Jones index fell approximately 0.2% after reaching a record high during intraday trading, while the S&P 500 index remained flat and the Nasdaq index rose nearly 0.6% [1] - Market sentiment is influenced by Federal Reserve Chairman Jerome Powell's hawkish remarks, indicating that further rate cuts in December are not guaranteed [1][2] Technology Sector Performance - Alphabet's strong earnings led to an 8% pre-market stock price increase, while Meta and Microsoft saw declines of approximately 10% and over 2%, respectively, impacting overall market performance [2] - If tech earnings indicate faster-than-expected productivity gains related to AI, the Federal Reserve may be compelled to implement larger rate cuts than initially planned [2] Company News - OpenAI plans to submit an IPO application as early as the second half of 2026, with a potential valuation of around $1 trillion, aiming to raise at least $60 billion [3] - Tesla is recalling 6,197 units of its 2024 Cybertruck due to a potential issue with the installation of off-road light bars [3] - Novo Nordisk has made a proposal to acquire US biopharmaceutical company Metsera for $65 billion, with additional contingent payments based on clinical milestones [4] - Eli Lilly reported third-quarter revenue of $17.6 billion, a 54% year-over-year increase, and raised its full-year revenue forecast to between $63 billion and $63.5 billion [5] - Merck's third-quarter sales reached $17.276 billion, a 4% year-over-year increase, with net income of $5.785 billion, reflecting an 83% increase [6] - Volkswagen Group reported a third-quarter operating loss of nearly €1.3 billion, with vehicle deliveries of 2.199 million units, a 1% year-over-year increase [7] - TotalEnergies announced third-quarter revenue of $43.84 billion, with a net profit of $3.68 billion, and an adjusted net profit decrease of 2.3% year-over-year [8]

Market Overview - US stock index futures are all down, with Dow futures down 0.32%, S&P 500 futures down 0.35%, and Nasdaq futures down 0.55% [1] - European indices also show declines, with Germany's DAX down 0.18%, UK's FTSE 100 down 0.67%, France's CAC40 down 1.04%, and the Euro Stoxx 50 down 0.61% [2][3] - WTI crude oil prices fell by 0.86% to $59.96 per barrel, while Brent crude also dropped by 0.86% to $63.77 per barrel [4] Economic and Policy Updates - The meeting between Chinese President and US President Trump emphasized that economic and trade relations should be a stabilizing force rather than a point of conflict [5] - Federal Reserve Chairman Jerome Powell's comments on interest rate cuts have led to skepticism in the market, with the 10-year US Treasury yield holding steady at 4.08% after a previous spike [5] - Powell also stated that the current AI investment wave is fundamentally different from the internet bubble, highlighting that AI companies are rooted in profitability and real economic activity [6] Company Earnings and Performance - Roblox reported a record Q3 with 151.5 million daily active users, a 70% year-over-year increase, and bookings of $1.92 billion, exceeding analyst expectations [7] - Microsoft exceeded Q1 expectations with revenues of $77.7 billion, driven by a significant increase in capital expenditures related to AI [7] - Alphabet's Q3 revenue was $102.35 billion, up 16% year-over-year, with strong performance in its cloud division [8] - Meta's Q3 net profit fell 83% due to a one-time tax expense, despite a 26% increase in revenue to $51.24 billion [9] - Starbucks reported Q4 revenue of $9.57 billion, a 5.5% increase, with same-store sales returning to positive growth [10] - Shell's Q3 profit exceeded expectations, supported by strong oil and gas trading performance despite weak energy prices [11] - TotalEnergies' Q3 adjusted net profit fell 2.3% to $3.98 billion, meeting analyst expectations [12] - Stellantis reported a 13% increase in Q3 revenue to €37.2 billion, but issued a cost warning that affected stock performance [13] - Samsung Electronics' semiconductor division saw a 79% increase in Q3 operating profit, driven by AI demand [14] Future Outlook - OpenAI is reportedly preparing for an IPO that could value the company at $1 trillion, with plans to raise at least $60 billion [5] - Eli Lilly raised its full-year guidance due to strong sales from its weight loss and diabetes drugs, with Q3 sales reaching $17.6 billion [17] - Tesla plans to showcase its Cybercab model at the Shanghai International Import Expo in November [19]