Group 1 - Amazon.com Inc. is expected to double in value over the next three years, with KeyBanc resuming coverage and assigning an Overweight rating and a $300 price target [1][2] - The growth in Amazon's retail business is significantly driven by advertising revenue, which is anticipated to enhance the grocery segment's importance in the medium term [1] - KeyBanc believes that investor pessimism regarding Amazon's Cloud business is unwarranted, predicting improved growth as the company approaches 2026, thus presenting an attractive entry point for investors [2] Group 2 - Amazon operates in the retail sale of consumer products, advertising, and subscription services through both online and physical stores, with a presence in North America and internationally [3] - The current valuation multiple of Amazon is noted to be well below historical levels, indicating potential for growth [2]

Core Viewpoint - Snowflake Inc faced scrutiny after an executive provided unauthorized financial guidance in a public interview, prompting the company to file a report with the Securities and Exchange Commission to clarify that the statements should not be relied upon by investors [1][2][3] Group 1: Unauthorized Financial Guidance - An unnamed executive from Snowflake shared financial projections during an Instagram interview, stating the company expects to exceed $4.5 billion in revenue for the current year and aims to reach $10 billion in a couple of years [3] - The company emphasized that the executive is not an authorized spokesperson for disclosing financial information, as per its Corporate Disclosure Policy [2] Group 2: Public Response and Impact - The Instagram video featuring the executive has garnered significant attention, with 2.5 million views, indicating a high level of public interest in Snowflake's financial outlook [3] - Snowflake has not provided immediate comments regarding the situation following the unauthorized disclosure [3]

Core Insights - NVIDIA Corp. and Oracle Corp. are collaborating to build the largest artificial intelligence supercomputer for the U.S. Department of Energy, utilizing over 100,000 GPUs [1][3] - The supercomputer aims to enhance the development of advanced AI models and accelerate research across various scientific and industrial applications [1] - NVIDIA's stock has reached all-time highs, surpassing a $5 trillion market valuation, driven by significant product updates and partnerships [5] Partnership Details - NVIDIA will supply its advanced AI GPUs, while Oracle will provide cloud infrastructure and expertise in enterprise-grade cloud services [3] - The supercomputer, named Solstice, will feature 100,000 Nvidia Blackwell GPUs and is expected to be delivered in 2026 [3][4] - Another system, Equinox, will consist of 10,000 Blackwell GPUs, with construction starting immediately at the DOE's Argonne Leadership Computing Facility [4] Market Performance - NVIDIA shares surged by 10% following its GTC event, contributing to the stock's rise to $210.00, marking a 4.46% increase on Wednesday morning [5] - The stock rally is attributed to new product updates, multi-billion dollar AI chip orders, and major partnerships, including collaborations with Nokia for 6G networks and various companies in robotics, pharmaceuticals, and telecom [5]

Market Overview - Markets are experiencing significant upward movement ahead of the Federal Reserve's decision, with nearly 100% probability assigned to a 25 basis point reduction in the federal funds rate [1] Nvidia - Nvidia's stock rose by more than $9 yesterday and is up an additional $7.77 following the announcement of expected $500 billion in AI chip sales and a partnership with the U.S. Department of Energy to build seven new supercomputers [2][4] - Goldman Sachs and Citi both have a buy rating on Nvidia with a price target of $210, while Bank of America raised its price target from $235 to $275 [4] Apple - Ahead of Apple's earnings report, Bank of America reiterated a buy rating with a price target of $320, highlighting the potential impact of AI on Apple's revenues and new product offerings [3] Palantir - Analysts at Wedbush maintained an outperform rating on Palantir, suggesting it has the potential to become a trillion-dollar company as the AI boom progresses [5] Amazon - Loop Capital analysts reiterated a buy rating on Amazon ahead of its earnings, citing signs of accelerating AWS revenue growth and continued retail unit growth observed in Q2 [6] Datadog - Bank of America reiterated a buy rating on Datadog ahead of its earnings on November 6, raising the price target from $175 to $180 due to increasing confidence in the stock [6]

Core Viewpoint - Amazon.com, Inc. is considered a strong investment opportunity in the AI sector, with UBS reiterating a "Buy" rating and raising the price target to $279 from $271 ahead of earnings, indicating confidence in a strong quarterly performance [1] Group 1: Earnings and Financial Outlook - UBS anticipates potential "noise" in Amazon's reported third-quarter operating income, with headline guidance for operating income possibly falling below consensus [1] - The focus is expected to be on the reported AWS growth rate, with year-over-year expectations set at 18% and potential for acceleration into Q4 2025 and 2026 [2] Group 2: Business Segments and Growth Potential - Analyst Stephen Ju highlights the potential for upside across Amazon's various business segments, including e-commerce, cloud, advertising, and Kuiper/low earth orbit satellites, although the timing for realizing these benefits remains uncertain [3] - Amazon's relative underperformance this year, with shares up only 4% year-to-date compared to its Internet megacap peers, presents a buying opportunity as the benefits of investments in e-commerce, AWS, content/advertising, and Kuiper are yet to be fully realized [4]

Core Insights - Google-parent Alphabet is expected to report strong third-quarter earnings, particularly in its cloud computing segment, which could significantly impact its stock price [1][2] - Analysts project an 8% increase in earnings per share to $2.28 and a 13% rise in revenue to $99.9 billion, with Google Cloud revenue anticipated to grow by 29% to $14.65 billion [2][3] Financial Performance - The bogey number for Google Cloud growth is set higher than the projected 29%, indicating that institutional investors expect more robust performance [2][3] - Combined revenues for AWS, Azure, and Google Cloud are projected to reach $66.2 billion in Q2 2025, translating to an annualized revenue run-rate of $265 billion [4] Market Trends - Demand for core cloud infrastructure services has reportedly increased, with significant growth in GPU compute demand, benefiting Google's cloud business amid the AI boom [3] - New customers for Google Cloud include prominent companies like OpenAI and Meta Platforms, indicating a growing market presence [5] Capital Expenditure - Google has revised its capital spending expectations for 2025 to $85 billion, up from $75 billion, reflecting a 62% increase compared to a previous forecast of 43% [4] Stock Performance - Google stock has seen a 41% increase in 2025, reaching an all-time high of 256 on September 19, surpassing a $3 trillion valuation milestone [6] - The Relative Strength Rating for GOOGL stock is currently at 91, indicating strong performance relative to other stocks [7] - GOOGL holds an IBD Composite Rating of 98, suggesting it is among the top growth stocks [8]

We're back all morning movers in Dian King Hall here on the floor of the big board to preview today's big tech earnings. I'm joined by Ivana Devka, founder and CIO of Spear Invest. Ivana, it's so good to see you.All right, before we dive into your overall expectations for the Mag 7, um I'm curious to know your thoughts on earning season so far because the beat rate is higher than usual at more than 85% at my last check. What's your thought on this earning season so far. Well, Dan, I think the setup is very ...

Core Insights - Amazon.com has launched its compute cluster project named Rainier, which aims to enhance its cloud computing capabilities [1] - The project will support artificial intelligence firm Anthropic, which plans to utilize over a million chips from this infrastructure [1] Company Developments - The Rainier project signifies Amazon's commitment to expanding its cloud services, particularly in the AI sector [1] - Anthropic's partnership indicates a growing demand for advanced computing resources in the AI industry [1]

Core Viewpoint - Alphabet is experiencing growth in its cloud business while facing challenges in its core search segment, with AI developments playing a crucial role in both areas [2][4][5] Cloud Business - Google's cloud segment is gaining momentum, particularly as Amazon Web Services is losing ground, highlighted by a $10 billion contract with Meta and the acquisition of workloads from Anthropic [3] - Truist anticipates over 30% growth in Google's cloud business this quarter, driven by strong enterprise demand and a robust pipeline [3] - Bank of America supports this outlook, emphasizing the increasing value of cloud contributions to Alphabet's stock [4] Search Business - The search segment is under scrutiny as AI technologies may disrupt Google's traditional dominance, with Truist projecting a slight deceleration in global search and other revenue growth to 11% year-over-year [4] - Despite the challenges, queries leading to purchases remain a stronghold for Google, even as competitors like OpenAI and Perplexity gain traction in casual browsing [4] AI Integration - A key focus for investors is whether Alphabet can demonstrate that AI is enhancing its core business rather than undermining it [5] - Bank of America expects solid growth in paid clicks and suggests that increased usage of Gemini could mitigate disruption risks [5] - Investors are looking for evidence of both engagement and monetization improvements [5]

Amazon's 11 billion dollar AI data center in Indiana, one of the largest in the world is now live and our Mackenzie Sagalos got an exclusive inside look. She joins us right now with more. Hey McKenzie. Hey, good morning Becky.So in less than a year, Amazon turned Indiana corn fields into its biggest AI data center yet. It's also a major swing on its homegrown chips and speedtomarket infrastructure. Now, this compound was built exclusively for OpenAI rival Anthropic, which is now running its claw models on h ...