Core Viewpoint - Meta Platforms plans to raise at least $25 billion through a bond issuance to supplement its cash reserves amid significant growth in artificial intelligence (AI) spending [1] Group 1: Bond Issuance Details - The company has initiated the marketing process for the dollar bond issuance, which may consist of up to six different types of bonds with maturities ranging from 5 to 40 years [1] - The preliminary pricing for the 40-year bond is approximately 1.4 percentage points above the yield of comparable U.S. Treasury bonds [1] Group 2: Use of Proceeds - The funds raised from this bond issuance will be used for general corporate purposes [1] Group 3: Underwriters - Citigroup and Morgan Stanley are responsible for underwriting this bond issuance [1]

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]

来源：滚动播报 Meta Platforms盘前跌幅扩大至近10％。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。 ...

Meta Platforms Inc. is targeting at least $25 billion in a bond sale, Bloomberg news reported on Thursday citing people familiar with the matter. ...

Financial Performance - Meta's third-quarter net profit was $27 billion, significantly lower than analyst expectations [1] Market Trends - Meta's pre-market decline widened to nearly 10% [1] - The company plans to raise at least $25 billion through bond issuance [1]

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]

Meta Platforms Inc. (NASDAQ:META) posted upbeat earnings for the third quarter on Wednesday.Meta reported diluted earnings per share of $1.05, which includes a one-time, non-cash income tax charge of $15.93 billion and may not compare to estimates of $6.68. On an adjusted basis, earnings per share came in at $7.25, according to Benzinga Pro.Quarterly revenue of $51.24 billion, which beat the Street estimate of $49.38 billion and was a 26.25% increase over revenue of $40.58 billion from the same period last ...

今天要说的比较多，一个个来说。 1、中美谈判 今天大家最关注的，还是领导谈判的结果，我们只提跟芯片相关的，由于川普之前预热了很久，说 是要谈英伟达的Blackwell，国内外都在传B30A要放开的事，结果会后又发了下面内容： Trump: China Will Be Discussing Chips With Nvidia Trump: We're Not Talking About the Blackwell 真的是让人搞不懂是啥意思，Hopper已经停产，不应该再谈Hopper的单子了，有朋友说可能还是 B30A，他指的Blackwell应该是B200/B300，不管怎样，我们也只能等待后面的消息。 2、万亿OpenAI准备上市 根据路透社的消息， OpenAI 正启动IPO筹备工作，初步估值瞄准 1 万亿美元，计划融资规模不低于 600 亿美元。公司已明确将 2027 年作为上市目标年份. 关于OpenAI上市的事，最近其实传了挺久了，1万亿目标，跟老黄说的也是一样的，说明老黄上个月 投资OpenAI时就谈过这个计划了，但投资人可能更想看到一份完整的财务报告。 2025 年OpenAI营收预计约 130 ...

Core Insights - Alphabet (Google) and Meta Platforms experienced contrasting stock reactions after their Q3 earnings reports, despite both being significant players in the AI sector [2]. Alphabet (Google) Summary - Google stock increased by 8% in after-hours trading, driven by a strong Q3 performance with revenue of $102.4 billion, exceeding Wall Street's expectations of $99.85 billion [3]. - The revenue growth was significantly supported by Google Cloud, which reported a 34% increase in revenue to $15.2 billion [3]. - Adjusted earnings per share (EPS) were $2.87, surpassing the projected $2.27 and the previous year's EPS of $2.12 [3]. Meta Platforms Summary - Meta Platforms' stock fell by 8% in after-hours trading following disappointing results, reporting Q3 revenue of $51.24 billion and EPS of $1.05 [4]. - Although revenue slightly exceeded expectations of $49.6 billion, the EPS missed projections of $6.72, primarily due to a one-time tax-related charge [4]. - The decline in stock price may also reflect profit-taking by investors after pre-earnings interest [4]. Comparative Analysis - Despite Google's strong quarterly performance, there is a preference for Meta based on its stronger underlying revenue growth, better operating margins, and relatively lower valuation compared to Google [5]. - Meta's latest quarterly revenue growth was 26%, compared to Google's 16% [6]. - Meta's Last 12 Months (LTM) revenue growth was 15.2%, ahead of Google's 13.6% [6]. - Meta demonstrated stronger profitability with an LTM margin of 42.6% and a 3-year average margin of 34.6% [6].