Core Viewpoint - Amazon is set to report its Q3 earnings, aiming to reassure investors about AWS's competitiveness in the AI market compared to Microsoft and Google [1] Group 1: Earnings Expectations - Amazon is expected to report earnings per share (EPS) of $1.58 on revenue of $177.8 billion for Q3, compared to EPS of $1.43 and revenue of $158.9 billion in the same quarter last year [4] - AWS is projected to generate $32.4 billion in revenue, reflecting an 18% increase from $27.5 billion in Q3 of the previous year [5] Group 2: Market Position and Competition - Amazon's stock has increased by only 2.3%, significantly lagging behind Microsoft's 24% and Google's 37% gains, attributed to perceptions that AWS is not capturing as much of the AI market [2] - AWS is perceived to be losing market share due to a shift in computing, with analysts noting that it is lagging behind peers in revenue growth [4] Group 3: Partnerships and AI Exposure - Amazon relies on Anthropic for AI exposure, sharing this partnership with Google, which also provides cloud services to Anthropic [2] - Anthropic recently signed a multibillion-dollar deal with Google to utilize up to 1 million Google TPUs for its AI offerings, further enhancing Google's position in the AI space [3] Group 4: Analyst Sentiment - Despite broader market sentiment, some analysts express optimism about Amazon's prospects, citing positive trends in AWS growth, the core retail business, and strong advertiser demand [6]

Core Viewpoint - Alphabet is expected to report strong third-quarter financial results, driven by the AI boom, but faces challenges from competition in its core Search business [1][3][4] Financial Performance - Alphabet is projected to report quarterly revenue of $99.85 billion, a 13% increase from $88.3 billion in the same period last year [1] - Analysts forecast adjusted earnings per share of $2.26, reflecting a 7% increase from $2.12 in the previous year, marking the lowest earnings growth in over two years [2] AI Impact - The company has benefited from the AI boom, with its Gemini AI models gaining traction and attracting major AI developers to its cloud services [3] - However, competition from AI chatbots like OpenAI's ChatGPT poses risks to Alphabet's core Search business [3][4] Market Sentiment - Despite concerns, Wall Street analysts remain optimistic about Alphabet's stock, citing recent AI deals, the upcoming Gemini 3 model release, and a favorable ruling in an antitrust case [4] - Alphabet's stock has risen over 40% since the last quarterly earnings report, trading around $268, and its market capitalization exceeded $3 trillion in September [5] Analyst Insights - Analysts from major firms have raised price targets for Alphabet shares, with estimates reaching as high as $300 [5] - The favorable outcome in the DOJ Search Commercial Agreement trial has alleviated some concerns, while the company continues to show strong financial performance and innovation in AI [6]

Market Performance - Major stock indices have reached new record intraday highs, with the Dow up 218.78 points (0.5%) at 47,925.15, the Nasdaq up 131.49 points (0.6%) at 23,958.99, and the S&P 500 up 14.53 points (0.2%) at 6,905.42 [1] Company Highlights - Nvidia (NVDA) has surged by 3.9%, becoming the first company with a $5 trillion market capitalization, following a 5.0% spike after announcing a $1 billion strategic partnership with Nokia (NOK) [2] - Seagate Technology (STX) has seen a significant increase of 18.7% after reporting better-than-expected fiscal first-quarter results, contributing to a 5.3% rise in the NYSE Arca Computer Hardware Index [6] Economic Indicators - The National Association of Realtors reported that pending home sales were flat in September, with the pending homes sales index unchanged at 74.8, contrary to expectations of a 1.0% increase [5] Sector Performance - Oil service stocks have surged by 2.6%, driven by a sharp increase in crude oil prices following a report of a significant drop in U.S. crude oil inventories [7] - The semiconductor, gold, and transportation sectors are also showing considerable strength, while commercial real estate stocks have declined [7] Global Market Trends - In the Asia-Pacific region, stock markets have mostly moved higher, with Japan's Nikkei 225 Index up 2.2% and South Korea's Kospi up 1.8%, both reaching new record closing highs [9] - European markets have shown mixed results, with the U.K.'s FTSE 100 Index up 0.6%, while the French CAC 40 Index and the German DAX Index are down by 0.2% and 0.6%, respectively [9]

Group 1 - Alphabet Inc. is expected to double in value over the next three years, driven by its strategic partnerships and investments in AI technology [1] - Google has entered into a significant agreement with AI startup Anthropic PBC, involving the supply of up to 1 million specialized tensor processing units (TPUs) [1][2] - The deal is valued at tens of billions of dollars and is set for TPU deployment in 2026, which will enhance Anthropic's computing capacity significantly [2] Group 2 - The partnership allows Anthropic to access advanced chip infrastructure, reducing its reliance on Nvidia's GPUs, which are currently scarce and expensive [2] - Google has previously invested approximately $3 billion in Anthropic, including $2 billion in 2023 and an additional $1 billion earlier this year [2] - Alphabet Inc. operates through various segments including Google Services, Google Cloud, and Other Bets across multiple regions globally [3]

Let's get to Mackenzie Sagalos for a look at some of the biggest questions that investors may have. Morning, Mac. >> Hey, good morning, Carl.So, Alphabet is navigating two very different AI realities. One that's accelerating its cloud business and another that's challenging the foundation of its search dominance. Now, analysts are bullish on cloud with Google gaining momentum just as AWS loses some big deals to Alphabet.It's landed contracts worth tens of billions of dollars with Meta, OpenAI, and Anthropic ...

Benjamin Fanjoy / Bloomberg / Getty Images Shares of Google parent Alphabet have added over 40% of their value in 2025. Key Takeaways Google parent Alphabet is scheduled to report its quarterly results after the closing bell Wednesday, with Wall Street analysts expecting growing revenues. Options pricing suggests traders expect Alphabet's stock could move about 6% in either direction in the days after its results. Google parent Alphabet is scheduled to report third-quarter results after the bell on ...

Core Viewpoint - Alphabet Inc. is highlighted as a significant AI stock to watch, with JPMorgan raising its price target to $300 per share from $260, indicating strong performance and growth potential [1][2]. Financial Performance - Alphabet is noted as the second-best performing "Mag 7" stock year-to-date, with a 37% increase and an 80% rise from April lows, outperforming the S&P 500 which is up 15% and 36% respectively [2][3]. - The company is expected to sustain double-digit growth in its Search segment, with YouTube ad growth anticipated to accelerate due to market share gains [3]. AI Transition and Innovations - Google is effectively managing the transition to AI search, which is expected to contribute to ongoing growth [3]. - The upcoming launch of Gemini 3 is anticipated to enhance the Google ecosystem and positively impact share prices [4]. Competitive Position - Despite increasing competition from OpenAI, Google is believed to have advantages in data, distribution, and financial strength, positioning it well in the AI landscape [4].

On Investors are looking ahead to a meeting of the Federal Reserve, which observers expect will unveil a quarter-percentage-point cut to borrowing costs, as well as earnings reports from tech heavyweights Meta, Microsoft and Google-parent Alphabet after trading closes in New York."Risk appetite remained firm heading into a busy 48 hour period for markets, where major central banks decide on interest rates, technology companies will report their quarterly results, and more to the point, Trump will meet Xi J ...

Core Viewpoint - The article discusses the significant layoffs in Silicon Valley driven by the AI wave, highlighting a shift in job roles and the demand for top AI talent while traditional positions are being automated away [11][87]. Group 1: Layoffs in Major Tech Companies - Salesforce has laid off approximately 8,000 employees in 2023 and an additional 1,000 in 2024, with a further 262 layoffs announced in 2025, reflecting a shift towards AI-driven efficiency [20][21]. - Meta has also been active in layoffs, cutting 600 positions in its AI infrastructure department, while simultaneously seeking top AI talent for its new initiatives [18][19]. - Google has adjusted its organizational structure, offering voluntary departure plans and cutting over 100 design positions in its cloud department to focus resources on AI product development [40][41]. Group 2: Broader Impact on the Tech Industry - The independent tracking site Layoffs.fyi reported that over 150,000 employees in the global tech industry have been laid off in 2024, with AI and economic uncertainty as primary drivers [12][13]. - Companies like Microsoft and Amazon have also made significant cuts, with Microsoft laying off over 6,500 employees in 2024 to focus on generative AI products [32][33]. - Traditional companies like Oracle and Cisco are also reducing their workforce, reallocating resources towards AI-related fields despite not directly attributing layoffs to AI [45][46]. Group 3: Startups and Unicorns Adapting to AI - Startups are not immune to the layoffs, with companies like Fiverr cutting 30% of its workforce to focus on AI-driven products [52]. - Yotpo, another startup, laid off 34% of its team to pivot towards AI tools, indicating a broader trend of traditional business models being challenged by AI [54]. - Even companies in the AI sector, such as Scale AI and xAI, have made significant layoffs, reflecting the competitive pressures and strategic shifts within the industry [61][64]. Group 4: Traditional Industries Feeling the Pressure - The layoffs extend beyond tech, with Starbucks cutting 1,100 tech positions to outsource some functions, indicating a shift in how companies manage their tech needs [77]. - The automotive industry is also affected, with GM and Rivian announcing layoffs due to market changes and demand fluctuations [79]. - Siemens and Intel have also announced significant layoffs, focusing on enhancing competitiveness and shifting towards AI-related manufacturing [80][81]. Group 5: The Dual Nature of AI Revolution - The article emphasizes the paradox of AI, where it creates new high-skill jobs while simultaneously eliminating many traditional roles, leading to a significant transformation in the job market [90][91]. - Companies are increasingly seeking AI specialists, with roles like machine learning engineers and data scientists in high demand, while traditional roles are being automated [96][97]. - The ongoing layoffs and hiring trends illustrate that AI is not just a cost-cutting measure but a fundamental reshaping of the workforce landscape [98][99].

Market Overview - The S&P 500 index reached an intraday record above 6,900 for the first time, marking a significant milestone in the market [2][3] - Major averages posted record closes for two consecutive days, indicating strong market performance [3] Economic Indicators - Investors are awaiting the Federal Reserve's decision on interest rates, with expectations for a second consecutive cut [3] - The Fed's announcement is scheduled for 2 PM ET, followed by a press conference with Fed Chair Powell at 2:30 PM ET [3] Corporate Earnings - The earnings season is in full swing, with five companies from the "Magnificent 7" set to release quarterly figures in the next two days [3] - Notable companies reporting today include Microsoft, Alphabet, and Meta, which are key players in the tech sector [3] Company Developments - AI-writing assistant Grammarly has announced a rebranding, changing its name to Superhuman to unify its various platforms under one brand [3]