Apple(US:AAPL) Feng Huang Wang·2025-10-30 22:21Market Overview - On October 30, US stock indices collectively declined, with the Dow Jones down 0.23% to 47,522.12 points, the S&P 500 down 0.99% to 6,822.34 points, and the Nasdaq down 1.57% to 23,581.14 points, ending a streak of record highs [1][2]. Technology Sector Performance - Meta's stock fell 11.33% following its quarterly earnings report, while Microsoft dropped 2.92%, as investors expressed concerns over rising expenditures in artificial intelligence (AI) [2][5]. - The Philadelphia Semiconductor Index decreased by 1.53%, with 22 out of 30 component stocks declining. Notable declines included AMD down 3.59%, Broadcom down 2.46%, and Nvidia down 2%, with its market cap falling below $500 billion [2][5]. - Overall, large tech stocks faced pressure due to a decrease in the probability of a Federal Reserve rate cut in December, which dropped from around 95% to 72.8% [2]. Company Earnings Reports - Apple reported Q4 revenue of $102.47 billion, exceeding market expectations of $102.19 billion, with a net profit of $27.47 billion and earnings per share of $1.85, up 90.72% year-over-year [7]. - Amazon's Q3 net sales reached $180.17 billion, surpassing the forecast of $177.82 billion, with a net profit of $21.19 billion and earnings per share of $1.95, exceeding the expected $1.58 [9]. - Reddit's Q3 revenue was $585 million, above market expectations, with a net profit of $162.7 million [10]. Future Projections - Apple's CEO Tim Cook projected a 10% to 12% year-over-year growth in overall sales for Q1 of the fiscal year, despite supply constraints for certain iPhone models [8]. - Amazon anticipates Q4 net sales between $206 billion and $213 billion, slightly below market expectations of $208.45 billion [9]. AI Investments - OpenAI announced plans for the "Stargate" data center project in Michigan, with a planned capacity exceeding 8 gigawatts and an investment of over $450 billion over the next three years [11].