Market Overview - Major U.S. stock index futures are down, with Dow futures falling by 0.33%, S&P 500 futures down by 0.17%, and Nasdaq futures decreasing by 0.20% [1] - Chinese concept stocks are experiencing a decline, with Alibaba down by 1.68%, NetEase down by 2.13%, Trip.com down by 2.22%, JD.com down by 1.48%, and Baidu down by 2.58% [1] - Spot gold prices have risen by 1.91%, reaching $4003.83 per ounce [1] Company Earnings Reports - Google's Q3 earnings exceeded expectations, with revenue of $102.35 billion, surpassing analyst estimates of $99.85 billion. Net profit increased by 41% year-over-year to $28.5 billion, and cloud revenue was $15.16 billion, above the expected $14.75 billion. Following the report, Google's stock rose by 7.19% [1] - Meta's Q3 net profit plummeted by 83%, falling from $15.69 billion to $2.71 billion, primarily due to a one-time non-cash tax expense of $15.93 billion from the U.S. tax reform. Revenue grew by 26% to $51.24 billion, but total costs rose by 32%, leading to a decrease in operating profit margin from 43% to 40%. Meta's stock dropped by 8.82% [2] - Microsoft's investment in OpenAI resulted in a $3.1 billion loss, impacting its Q1 FY2026 net income. Despite this, net profit increased from $24.67 billion to $27.7 billion year-over-year. Microsoft's stock fell by 3.03% [2] - Stellantis reported Q3 net revenue of €37.2 billion, a 13% year-over-year increase. However, the company warned of potential additional costs in the second half of the year due to strategic adjustments and product planning changes, leading to a 4.46% drop in its stock [3] Upcoming Earnings - Apple and Amazon are set to release their earnings reports after the market closes on Thursday [4]

Market Overview - Major U.S. index futures are down, with Dow futures falling by 0.33%, S&P 500 futures down by 0.17%, and Nasdaq futures decreasing by 0.20% [1] - Chinese concept stocks are experiencing a decline, with Alibaba down 1.68%, NetEase down 2.13%, Trip.com down 2.22%, JD.com down 1.48%, and Baidu down 2.58% [1] Company Earnings Reports - Google's Q3 earnings exceeded expectations, reporting revenue of $102.35 billion against an analyst forecast of $99.85 billion, with a net profit increase of 41% to $28.5 billion. Cloud revenue reached $15.16 billion, surpassing the expected $14.75 billion, leading to a stock increase of 7.19% [2] - Meta's Q3 earnings showed a revenue growth of 26% to $51.24 billion, but net profit plummeted by 83% to $2.71 billion due to a one-time non-cash tax expense of $15.93 billion, raising the effective tax rate to 87%. Total costs rose by 32% to $30.7 billion, resulting in a decline in operating margin from 43% to 40%. Meta's stock fell by 8.82% [2] - Microsoft's latest earnings report indicated a net income decrease of $3.1 billion due to significant investments in OpenAI, impacting earnings per share by $0.41. However, net profit increased from $24.67 billion to $27.7 billion year-over-year, with a stock decline of 3.03% [3] Sector Performance - Rare earth stocks are generally rising, with MP Materials up by 2.01% and USA Rare Earth up by 2.98% [4] - Stellantis reported a Q3 net revenue of €37.2 billion, a 13% year-over-year increase, but warned of potential additional costs in the second half due to strategic adjustments and product planning changes, leading to a stock drop of 4.46% [4] Upcoming Events - Apple and Amazon are set to release their earnings reports on Thursday after market close [5] - The U.S. Q3 annualized GDP rate is scheduled for release on October 30 at 20:30 Beijing time [6]

格隆汇10月30日｜瑞穗将META目标价格从925美元下调至815美元；将英伟达目标价格从225美元上调 至235美元。 ...

Menlo Park, California-based Meta Platforms, Inc. (META) is a leading global technology and social media company that builds platforms and products connecting billions of people worldwide. Valued at a market cap of $1.9 trillion, the company owns and operates major applications, including Facebook, Instagram, WhatsApp, and Messenger. This social media giant has outpaced the broader market over the past 52 weeks. Shares of META have soared 26.7% over this time frame, while the broader S&P 500 Index ($SPX) ...

This story was originally published on Marketing Dive. To receive daily news and insights, subscribe to our free daily Marketing Dive newsletter. Meta grew revenue 26% year over year to $51.24 billion in Q3, according to an earnings statement, beating analyst estimates on a key metric tied to its advertising business. Impressive momentum in advertising was attributed to the platform’s advancements in artificial intelligence (AI), which are keeping consumers engaged with apps like Facebook and Instagram fo ...

资本支出飙升成为贯穿所有财报的共同主线。谷歌和Meta双双上调了2025年资本支出指引，并预告2026年投入将进一步"显著"增 加。谷歌将2025年资本支出指引提高至910亿—930亿美元，Meta上调至700亿—720亿美元，微软刚刚结束的财季资本支出已达创 纪录的349亿美元，远超市场预期的300亿美元。 尽管最新财报季给大型科技公司的股价带来了不同的命运，但一个明确无误的信号已经发出：在人工智能（AI）的赛道上，所有巨 头都在以前所未有的规模加大投入。无论是微软、谷歌还是Meta，它们都在计划或已经实施创纪录的资本支出。 周三盘后，市场对科技巨头们的业绩反应不一。谷歌母公司Alphabet因各业务线收入加速增长，股价上涨5%；而Meta虽然营收表 现优于预期，但因支出大幅增加，股价重挫8%；微软在业绩基本符合预期后，股价也下跌超过2%。 在股价涨跌背后，资本支出飙升成为贯穿所有财报的共同主线。谷歌和Meta双双上调了2025年资本支出指引，并预告2026年投入 将进一步"显著"增加。谷歌将2025年资本支出指引提高至910亿—930亿美元，Meta上调至700亿—720亿美元，微软刚刚结束的财 季资本支 ...

U.S. stock futures swung between gains and losses on Thursday following Wednesday’s mixed moves. Futures of major benchmark indices were mixed.The meeting between President Donald Trump and President Xi Jinping yielded significant agreements, including reduced U.S. fentanyl tariffs in exchange for China restarting “tremendous amounts” of U.S. soybean imports, a settled deal on rare earths, and strong indications that a broader trade deal is “pretty soon.” Despite the positive meeting, Fed Chair Jerome Powel ...

Core Insights - U.S. stock futures showed mixed performance following a meeting between Presidents Trump and Xi, which resulted in significant trade agreements, including reduced tariffs on U.S. fentanyl and increased soybean imports from China [1][2] - Fed Chair Jerome Powell's comments on interest rates created downward pressure on stocks, indicating that further cuts are not guaranteed [1][2] Market Performance - The 10-year Treasury bond yielded 4.07%, while the two-year bond was at 3.59% [2] - Market expectations for a Federal Reserve interest rate cut in December stand at 70.4% [2] - Major indices showed varied performance: Dow Jones -0.19%, S&P 500 +0.03%, Nasdaq 100 +0.06%, Russell 2000 +0.36% [2] Company Focus - Alphabet Inc. reported a revenue of $102.35 billion and earnings of $2.87 per share, leading to a premarket surge of 7.57% [6] - Meta Platforms Inc. saw a decline of 7.39% despite reporting earnings of $1.05 per share, affected by a significant one-time tax charge [6] - Microsoft Corp. experienced a drop of 2.78% as it projected second-quarter sales between $79.50 billion and $80.60 billion, slightly below market estimates [6] - Amazon.com Inc. was down 0.50% ahead of its earnings report, with expectations of $1.57 per share on revenue of $177.74 billion [12] - Apple Inc. shares rose 0.72% as analysts anticipate earnings of $1.77 per share on revenue of $102.17 billion [12] Analyst Insights - Market strategist Ed Yardeni expressed caution regarding the economy and stock market, warning against fueling speculation through easier monetary policy [9] - LPL's Chief Equity Strategist Jeff Buchbinder noted that the S&P 500 is defying historical trends associated with October, maintaining a neutral stance on equities while favoring large-cap growth [10]

Core Viewpoint - The latest earnings season has shown that major tech companies are significantly increasing their capital expenditures in the AI sector, reflecting a fierce competition to meet the explosive demand for AI and cloud computing [2][4]. Group 1: Company Performance - Alphabet (Google) reported a 5% increase in stock price due to accelerated revenue growth across its business lines [2]. - Meta's stock fell 8% despite better-than-expected revenue, primarily due to a substantial increase in expenditures [2]. - Microsoft's stock dropped over 2% after its earnings met expectations, indicating market concerns about its spending [2]. Group 2: Capital Expenditure Increases - Google raised its 2025 capital expenditure guidance to $91-93 billion, up from a previous estimate of $85 billion, and anticipates a "significant" increase in 2026 spending [7]. - Meta adjusted its 2025 capital expenditure guidance from $66-72 billion to $70-72 billion, with a warning that 2026 spending growth will be "significantly greater" than in 2025 [7]. - Microsoft reported a record capital expenditure of $34.9 billion for the recently ended fiscal quarter, exceeding market expectations of $30 billion [9]. Group 3: Market Implications - The substantial investments by tech giants signal confidence in AI's future but raise concerns about the return on investment due to high costs [4][10]. - Google's cloud business saw a 32% year-over-year revenue growth, indicating strong demand, while its backlog reached $155 billion, up 46% quarter-over-quarter [10]. - Investors are increasingly scrutinizing the timeline for these large-scale AI investments to translate into profits, as evidenced by the stock reactions of Meta and Microsoft [10].

Core Insights - The business model of Facebook's parent company raises more questions regarding its long-term profitability compared to competitors like Google and Microsoft [1] Group 1: Business Model Concerns - The effectiveness of Facebook's monetization strategies is under scrutiny, leading to uncertainty about future financial returns [1] - Unlike Google and Microsoft, which have clearer revenue streams, Facebook's model appears more complex and less predictable [1] Group 2: Competitive Landscape - The competitive positioning of Facebook's parent company is being challenged as investors weigh the sustainability of its business model against established players [1] - There is a growing concern that Facebook may not achieve the same level of financial success as its rivals due to its unique challenges [1]