Youtube·2025-10-31 17:05Core Insights - Major tech earnings are driving stock market gains, particularly in the NASDAQ, with significant contributions from companies like Amazon and Coinbase [1][3] - Apple reported strong quarterly results but saw a slight dip in stock price due to concerns over gross margin guidance and increased operating expenses related to AI investments [1][2] - Disney and YouTube TV are in a dispute over carriage fees, leading to the removal of Disney channels from YouTube TV, affecting subscribers' access to major sports events [2][3] - Chevron and Exxon reported strong earnings, with Chevron achieving record production and Exxon focusing on acquisitions despite free cash flow pressures [3][5] - Coinbase is expanding its institutional business, reporting a 37% increase in consumer trading volume and significant growth in institutional trading revenues [3][4] Company Summaries Apple - Apple expects record iPhone sales in Q4 but faces stock price pressure due to lower gross margin guidance and increased operating expenses for AI investments [1][2] - The company is experiencing supply constraints, which may limit growth potential in the upcoming quarters [2] Disney - Disney has pulled its content from YouTube TV after failing to reach a new carriage agreement, impacting access to channels like ABC and ESPN for subscribers [2][3] - The dispute centers around Disney's demand for higher carriage fees, which YouTube TV deems unreasonable [2] Chevron - Chevron reported strong earnings and record production, boosted by its acquisition of Hess, which increased production by 21% [3][5] - The company is focusing on cost-cutting measures while continuing to acquire top-tier resources at lower prices [5] Exxon - Exxon's earnings exceeded expectations, but acquisitions in Q3 pressured free cash flow [3][5] - The company is expected to continue making acquisitions to capitalize on low oil prices and prepare for future demand increases [5] Coinbase - Coinbase reported a 37% increase in consumer trading volume, reaching $59 billion, and highlighted significant growth in its institutional trading revenues [3][4] - The acquisition of Deribit is enhancing Coinbase's offerings for institutional investors, with a focus on derivatives trading [4] Western Digital - Western Digital reported better-than-expected quarterly earnings, driven by increased demand for hard disk drives from cloud computing and AI [6] - The company has secured purchase orders from its top customers through at least the first half of next year, indicating strong ongoing demand [6] ServiceNow - ServiceNow exceeded revenue expectations, with a 22% year-over-year increase, driven by strong demand for its AI-integrated products [6][7] - The company is experiencing significant growth in its federal business, which grew over 30% year-over-year despite uncertainties related to government spending [7]