Related news Higher Markets, Fewer Players? What Mark Minervini Sees Despite A Positive Market. BREAKING: Futures Mixed After Trump, Xi Meet Dow Jones futures fell slightly early Thursday, while S&P 500 futures and Nasdaq futures edged lower. President Donald Trump hailed an "amazing, outstanding" meeting with Chinese President Xi Jinping, announcing agreement on some key areas. Microsoft (MSFT), Meta Platforms (META) and Google parent Alphabet (GOOGL) topped earnings views Wednesday night, guiding to stron ...

The US stock market in 2025 is experiencing a level of volatility that is both historic and unsettling. So far this year, there have been 119 trading sessions where an individual American company's market capitalization changed by more than $100 billion in a single day. In 2024, there were 42 such cases for the entire year. Five years ago, in 2020, there were fewer than 10.This surge is being driven by the enormous scale of mega-cap technology companies. Nvidia, Microsoft, Apple, Amazon, and Alphabet now ea ...

Group 1 - Global shares dipped as investors remained cautious following a deal announcement between U.S. President Trump and Chinese President Xi Jinping [1][3] - Trump agreed to reduce tariffs on Chinese imports in exchange for China resuming U.S. soybean purchases and addressing the trade of fentanyl [2] - Concerns arose that the truce may be temporary, as previous trade negotiations have faced setbacks [3] Group 2 - Major U.S. tech companies, Microsoft and Meta, reported disappointing earnings, leading to a decline in their stock prices by 2% and 8% respectively [3] - The STOXX 600 index fell by 0.5% amid a heavy day for European earnings [3] Group 3 - The dollar rose against the yen after the Bank of Japan left interest rates unchanged, while it edged lower against most other major currencies [5] - The Federal Reserve's recent interest rate cut and uncertainty about future cuts contributed to fluctuations in Treasury yields and the U.S. dollar [5][7] Group 4 - The yield on the U.S. 10-year Treasury bond rose by 3 basis points to 4.087%, reaching around three-week highs [8]

So just yesterday on the show we were talking about when is too much capex spending too much basically. Um they raised the guidance when it came to capex spending but not by a lot. I mean the midpoint only went up about two billion.That seems like small potatoes these days. Why do you think investors reacted so sharply to the capex spending or do you think it was more about that charge. >> Well I I think it's probably both.Right. We all remember uh when Zuck was doing the metaverse, the legless metaverse an ...

Core Viewpoint - Bernstein has raised Microsoft's target stock price from $637 to $645 [1] Company Summary - The adjustment in target stock price reflects a positive outlook on Microsoft's performance and market position [1]

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 broad 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% [2] Commodity and Financial Performance - Spot gold prices have risen by 1.91%, reaching $4003.83 per ounce [3] - Google's Q3 earnings exceeded expectations, with revenue of $102.35 billion compared to the expected $99.85 billion, and a net profit increase of 41% to $28.5 billion, leading to a stock increase of 7.19% [4] - Meta's Q3 net profit plummeted by 83% to $2.71 billion, primarily due to a one-time non-cash tax expense of $15.93 billion, resulting in an 8.82% drop in stock price [4] - Microsoft's investment in OpenAI resulted in a $3.1 billion decrease in net income for Q1 FY2026, although net profit rose to $27.7 billion from $24.67 billion, causing a 3.03% decline in stock price [4] - Rare earth stocks are generally rising, with MP Materials up 2.01% and USA Rare Earth up 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 of the year, leading to a 4.46% drop in stock price [4] Upcoming Events - Apple and Amazon are set to release their earnings reports after the market closes on Thursday [5] - The U.S. Q3 annualized GDP rate is scheduled for release on October 30 at 20:30 Beijing time [6]

Core Insights - Microsoft Azure experienced a significant global outage on October 29, 2025, affecting numerous services and users worldwide, coinciding with the release of its Q1 FY2026 earnings report [5][6][12] - The outage was attributed to an accidental configuration change in Azure Front Door, which disrupted service delivery and caused widespread service failures across various sectors [12][13] - This incident highlights the systemic vulnerabilities associated with the concentration of cloud services among a few major providers, raising concerns about the resilience of cloud infrastructure [19][21] Summary by Sections Outage Details - Microsoft confirmed that Azure faced a major disruption starting at 16:00 UTC, with full recovery expected by 23:20 UTC on the same day [5] - The outage impacted a wide range of Microsoft services, including Office 365, Minecraft, and Xbox Live, as well as third-party applications relying on Azure [7][8] Financial Context - Despite the outage, Azure reported a 40% year-over-year revenue growth in its Q1 FY2026 earnings, marking it as the fastest-growing segment for Microsoft [6][12] Affected Services - A comprehensive list of affected Azure services included App Service, Azure Active Directory B2C, Azure SQL Database, and many others, indicating a broad impact on Microsoft's cloud ecosystem [7][12] - Major companies like Alaska Airlines and healthcare institutions in Quebec reported service interruptions due to the Azure outage [8][11] Cause of the Outage - The outage was traced back to an unexpected tenant configuration change in Azure Front Door, which led to a cascade of service failures [12][13] - Microsoft implemented emergency measures to halt further configuration changes and began restoring services using a previously stable configuration [13] Industry Implications - The incident follows a similar outage experienced by Amazon AWS, raising alarms about the reliability of major cloud service providers [19][21] - Experts emphasize the need for companies to consider redundancy and multi-cloud strategies to mitigate risks associated with reliance on single cloud providers [21]

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]

Core Insights - The article discusses the urgency and anxiety surrounding AI adoption in businesses, emphasizing the need for a fundamental transformation rather than superficial upgrades [2][3][4][5] Group 1: AI Adoption Challenges - Companies are currently replacing outdated processes with AI without fundamentally changing their organizational structure or mindset, akin to putting a new engine in an old carriage [3][4] - The focus should be on creating entirely new systems ("cars") and building the necessary infrastructure ("highways") for AI to thrive [5] Group 2: The "Five Buns" Model - The "Five Buns" model outlines essential components for successful AI implementation: Culture, Talent, Processes, Data, and finally, Intelligence [12][14] - Many organizations wish to skip the foundational elements (the first four buns) and jump straight to the benefits of AI (the fifth bun), which leads to unrealistic expectations [14] Group 3: Human Value in the AI Era - As machines excel at routine tasks, the unique human value lies in providing "outliers" or exceptional insights that machines cannot replicate [16][17] - The article stresses the importance of recognizing and cultivating this ability to deliver exceptional value in an AI-driven landscape [19] Group 4: The AI Reform Declaration - The transition to AI is framed as a profound reform rather than a mere transformation, requiring deep changes in culture, systems, processes, and talent [25][27] - The article encourages a strategic, patient approach to AI adoption, emphasizing the need to start small and build from foundational elements [27][29]

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]