Yesterday, Oct. 29, was a significant day for markets, marked by a flurry of tech earnings and the conclusion of the Federal Reserve’s October meeting, where the U.S. central bank cut rates by 25 basis points as expected. Tech earnings were also strong, with Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG) (GOOGL) all posting stellar revenue growth, which was at least in part driven by artificial intelligence (AI). However, the post-earnings price action today tells us that markets are not tak ...

Meta Platforms (META) shares are down nearly 10% this morning even though the tech behemoth came in ahead of Street estimates for its third quarter. The price action primarily reflects growing concern over the company’s aggressive spending plans tied to its artificial intelligence (AI) ambitions. More News from Barchart Meta now expects its capital expenditures to fall between $70 billion and $72 billion, up from its previous outlook for $66 billion to $72 billion. Despite the post-earnings decline, ME ...

"We expect to invest aggressively to meet these needs,†Meta's CFO said. ...

Meta has received orders of about $125 billion for a corporate bond sale, according to people with knowledge of the matter, the most ever for a public corporate bond offering https://t.co/YyfQR2Y8SE ...

Market Overview - The U.S. stock market showed mixed performance on October 30, with the Dow Jones rising over 200 points, while the Nasdaq dropped approximately 1% and the S&P 500 fell about 0.5% [1] Company Performance - Major tech companies reported quarterly earnings, with Alphabet's stock increasing around 5% due to strong performance, while Meta and Microsoft saw declines of 11% and 3% respectively, raising investor concerns about their spending outlooks [2][3] - Meta Platforms experienced a significant drop of 11.72%, while Microsoft fell by 3.43%, indicating a shift of funds away from the tech sector [3] - Eli Lilly's strong earnings and guidance boosted healthcare stocks, with its share price rising by 4% [3] Sector Rotation - Analysts noted a rotation towards value stocks, with financials like JPMorgan and Goldman Sachs performing well, while technology stocks faced selling pressure [4] - The day was characterized as a "value stock day," suggesting a natural and healthy shift in investor sentiment [4] AI Sector Insights - The importance of AI spending for the bull market was highlighted, with any disappointing updates on spending or technological progress likely to impact trader sentiment [5] - Analysts emphasized that the key focus for investors regarding large tech earnings is which company can sustain its position in the AI race, as no company can maintain such high AI spending indefinitely [5] - UBS expressed confidence that AI-related stocks will continue to drive market performance, suggesting that underexposed investors should diversify their exposure to this theme [5]

Shares of Meta Platforms (Nasdaq: META) were down about 9% in premarket trading on Thursday. It follows what can only be described as a mixed bag of a quarter-three earnings report on Wednesday, Octob... ...

The Dow Jones Industrial Average (^DJI) was up 244.15 points (0.51%) today, reaching 47876.15, as investors navigated a complex landscape of mixed corporate earnings and ongoing geopolitical developments. The market's main narrative was shaped by a combination of Big Tech's latest quarterly reports and the outcomes of the recent U.S.-China trade talks, alongside a cautious stance from the Federal Reserve regarding future interest rate cuts. While some tech giants delivered strong results, others faced headw ...

【导读】 纳指跳水 大家好，今晚继续关注海外市场的表现。 10月30日晚间，美股三大指数走势分化，道指涨超200点，纳指却跳水跌约1%，标普指数跌约0.5%。 | ﻡ 47864.31 | 23689.10 Shown | 6858.45 SW | | --- | --- | --- | | 道琼斯指数 +0.49% | 纳斯达克综合指数 -1.12% | 标普500指数 -0.47% | 科技巨头Alphabet（谷歌母公司）、Meta和微软均发布了季度业绩。Alphabet股价在强劲业绩推动下上涨约5%，而Meta和微软则 分别下跌11%和3%。投资者对两家公司提高支出前景感到担忧。详情可点击右边链接： 暴跌！突然"爆雷"！ | 了 筛选 | | 最新价 ÷ | 涨跌幅 = □ | | --- | --- | --- | --- | | 谷歌-C | | 289.12 | +5.07% | | us GOOG | | | | | 赛富时 | | 257.59 | +2.44% | | us CRM | | | | | 阿斯麦 | M | 1075.35 | +0.42% | | US ASML | | | ...

So, let's get more on Alphabet and Meta's Q3 results. Bring in Eric Sheridan. He's Goldman Sachs's co-head of tech media, telecom research, has a buy rating on both companies.Eric, let's start with Meta because uh the stock is getting hit pretty hard today on those capex numbers. You know, are you surprised and what do you make of it all. >> I'm not surprised by the initial reaction.I think this market right now is putting a premium on visibility into return uh on capital spend. So similar to the point you ...

Core Insights - Meta's stock is experiencing a decline due to concerns over capital expenditure (capex) visibility and return on investment [1][3] - Alphabet's cloud backlog provides investors with confidence in correlating capex to revenue over the next one to two years [2] - Meta's AI investments are expected to take time to yield results, with a potential wait until the first half of the year for foundational model outputs [3] Meta Analysis - Meta's core business is expected to maintain a revenue growth rate of over 20%, driven by ad creation and monetization efforts [5] - The transformation of Meta AI into consumer and business-facing applications is seen as a critical medium-term goal [5] - Historical patterns indicate that Meta shares often react negatively to investment cycle discussions but tend to revert to market multiples over time [7] Alphabet Analysis - YouTube's advertising revenue has increased by 15% year-over-year, indicating strong performance amidst changing media ad spend [8] - The subscription revenue from YouTube is reportedly growing faster than its advertising revenue, suggesting a robust business model [10] - The combined revenue from YouTube ads and subscriptions is believed to be larger than Netflix and growing at a faster rate, highlighting Alphabet's competitive position [10]