Yesterday talk tech stocks they sold off. It was like oh man I was the New York Stock Exchange. It's ro it's a rotation out of tech and now this morning we're rotating right back into tech and we're also getting some headlines.What does that tell you about investors in the tech trade. Was yesterday a response to valuations. Was it overconentration.I mean what was yesterday and what's today. Why are we seeing such a quick bounce back. >> Well I think a lot of the narrative right now is that capital expenditu ...

Ah, the stock market. A bastion of rational thought, predictable trends, and calm, measured reactions to geopolitical events. Or so the textbooks would have you believe. In the era of Donald J. Trump, however, the market has transformed into a high-stakes reality show, where every presidential pronouncement, tweet, or “amazing” deal can send indices on a dizzying ride. The past few days, culminating on October 30, 2025, have offered a particularly rich tapestry of this unique market dynamic, featuring tarif ...

Core Insights - Apple is adopting a hybrid approach to AI, utilizing both its own chips and external computing capacity, contrasting with competitors who are heavily investing in AI infrastructure [1][2][4] - The company reported a significant increase in capital expenditures, up 35% year-over-year to $12.72 billion, with expectations to rise further to $14.3 billion [4][5] - Despite a different strategy in AI, Apple continues to see strong consumer demand for its products, particularly the iPhone 17, with projected sales growth of 10% to 12% in the upcoming quarter [7][8] Capital Expenditures - Apple spent $12.72 billion on capital expenditures in fiscal 2025, which is a 35% increase from the previous year [4][5] - Analysts predict that Apple's capital expenditures will increase to $14.3 billion this year [5] - The spending is primarily associated with building out the Private Cloud Compute environment in Apple's data centers [5] AI Strategy - Apple is focusing on its own chips for AI services, rather than relying on Nvidia or AMD [2] - The company has launched Apple Intelligence, a suite of AI tools, although it has received mixed reviews and some features have been delayed [6] - Apple's hybrid model allows some AI-related spending to be classified as operating expenses, contributing to an 11% rise in operating expenses to $15.91 billion [9] Market Response - Consumer response to the iPhone 17 models has been exceptionally positive, with CEO Tim Cook noting it was "off the chart" [7] - Apple executives believe that AI features will increasingly influence smartphone purchasing decisions [8]

A US stock bounce back lost steam in afternoon trading on Friday, though Wall Street remained on track for weekly wins as investors embraced strong earnings from Amazon (AMZN) that eased some doubts about prospects for Big Tech. The Nasdaq Composite (^IXIC) rose 0.5%, while the S&P 500 (^GSPC) gained 0.1%, both pulling back from significant gains earlier in the session. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, fell 0.2% on the heels of a rough day on Wall Street. Fresh ...

US stocks bounced back on Friday, on track for weekly wins as Wall Street embraced strong earnings from Apple (AAPL) and Amazon (AMZN) that eased doubts about prospects for Big Tech. The Nasdaq Composite (^IXIC) surged 1%, while the S&P 500 (^GSPC) gained nearly 0.5%. The Dow Jones Industrial Average (YM=F), which includes fewer tech stocks, added 0.1%. Amazon stock opened at an all-time high of $250.20 Friday. Shares soared about 12% after its third quarter results easily topped analysts' forecasts. In ...

Core Insights - Amazon's recent layoffs of 14,000 employees were primarily driven by cultural fit rather than financial or AI considerations, as stated by CEO Andy Jassy [1] - The layoffs represent Amazon's largest job cut since 27,000 positions were eliminated in late 2022, indicating a significant shift in the company's approach to workforce management [1] Group 1: Cultural and Operational Changes - Jassy emphasized the need to reshape Amazon's culture by raising performance standards, enforcing discipline, and reducing bureaucracy [1] - The rapid growth of Amazon has led to increased layers of management, which have hindered decision-making processes [2] - The ongoing AI transformation necessitates a leaner operational structure to enhance speed and efficiency [2] Group 2: Financial Implications - The recent layoffs are estimated to incur $1.8 billion in severance costs, highlighting the financial impact of the workforce reduction [3] - Amazon previously described the job cuts as a proactive measure, suggesting that AI advancements are enabling faster innovation within the company [3] Group 3: Industry Trends - Other major tech companies, such as Google and Microsoft, are also reducing management layers to streamline operations and eliminate corporate bloat, reflecting a broader trend in the industry [2]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with a global simulcast. Carol Massar Tim Stanovec join us from the radio booth as we bring together our audiences across all of our Bloomberg platforms, including our partnership with YouTube.Yesterday, guys, we faced a fire hose of earnings. We get quite a few more today, including out of some big names like Apple and Amazon. I thought you maybe forgot firm ...

Core Insights - Companies are facing significant pressure to invest in infrastructure to meet rising demand for data capacity, which is expected to double every 9 to 18 months due to aging applications [7][15] - The macroeconomic context, particularly the Federal Reserve's uncertainty regarding interest rate cuts, is impacting market sentiment ahead of earnings reports [2][6] - Over-investing is viewed as less risky than under-investing, as failing to keep up with demand could lead to capacity constraints in the near future [4][9][13] Investment and Spending - Companies are required to spend significantly to keep pace with demand, and they have the free cash flow necessary for these investments [3] - There is a consensus that not investing now could result in severe capacity constraints later, which would be detrimental to investors [4][13] - Recent earnings reports indicate that capital expenditures are rising, reflecting the need for increased investment in infrastructure [12] Market Reactions - The market has shown mixed reactions to earnings reports, influenced by broader economic indicators and the Federal Reserve's stance on interest rates [2][10] - Bond sales for these companies have been robust, indicating investor interest despite higher valuations [9][10] - There is a belief that equities and bonds will move in tandem, providing an alternative exposure to these companies without the volatility associated with equity markets [11] Future Outlook - Companies are expected to continue investing heavily to avoid falling behind in capacity, as demand for computing resources is projected to rise exponentially [15] - The current investment strategies are seen as necessary to ensure that companies do not face significant operational challenges in the future [14]

So, the Dow was earlier made of muscle. The S&P and Nasdaq, well, they've been atrophying most of the session here. The S&P hasn't even been in the positive today.Right now, it's down at 48 points. The Nasdaq is lower by 30. Low of the session, 329 points of losses.And two magnificent moguls are really more like preh Halloween monsters right now. Meta is getting kneecapped at the moment. Let's look at Meta.is down right now 11 and a half%. Investors do not care that the Facebook parent posted a double beat ...

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