Group 1 - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It mentions that users with ad-blockers may face restrictions when trying to access the content [1]

Core Insights - Reddit, Inc. (RDDT) operates as a social media and discussion platform where users can create and manage communities known as subreddits, focusing on specific topics and engaging in discussions [1] Company Overview - Reddit allows users to share written and visual content, generating community-driven data that enhances relatability and engagement [1] Analyst Background - The analyst has over 10 years of experience in asset management, specializing in equity analysis, macroeconomics, and risk-managed portfolio construction [1] - The analyst has a strong focus on understanding macro trends and their influence on asset prices and investor behavior, particularly in relation to EU and US central bank policies [1] Investment Philosophy - The goal of the analysis is to share insights and foster discussions among investors, promoting accessible and empowering long-term investing strategies [1]

Market Overview - The U.S. stock market experienced a downturn, with major indices like the S&P 500 and Nasdaq showing negative futures [1] - The Dow Jones Industrial Average fell 0.5% to 47,085.24, the S&P 500 dropped 1.2% to 6,771.55, and the Nasdaq decreased 2.04% to 23,348.63 [2] Company Performance Advanced Micro Devices Inc. (AMD) - AMD reported third-quarter revenue of $9.25 billion, exceeding analyst expectations of $8.74 billion [3] - Adjusted earnings per share were $1.20, surpassing estimates of $1.16, driven by growth in the AI data center business [3] - AMD shares fell 3.70% to close at $250.05, with after-hours trading showing a further decline of 4.7% to $238.20 [2] Super Micro Computer, Inc. (SMCI) - Super Micro Computer reported earnings of 35 cents per share, missing the expected 40 cents, leading to a stock decline [4] - Quarterly revenue was $5.01 billion, below analyst estimates of $5.99 billion and down from $5.93 billion a year earlier [4] - The stock dropped 6.40% to $47.50, with after-hours trading showing a decline of 9.5% to $42.99 [3] Upstart Holdings, Inc. (UPST) - Upstart reported earnings of 52 cents per share, beating the estimate of 42 cents, but revenue fell short of expectations [6] - The company projected fourth-quarter revenue of $288 million, below the $303.61 million analyst estimate, and cut its fiscal 2025 revenue outlook to $1.03 billion from $1.05 billion [6] - Shares slid 2.73% to $46.24, plummeting 15.3% to $39.15 in extended trading [5] Pinterest Inc. (PINS) - Pinterest reported third-quarter revenue of $1.05 billion, aligning with analyst estimates, but adjusted earnings of 38 cents per share missed the expected 42 cents [8] - The company forecasted fourth-quarter revenue between $1.31 billion and $1.34 billion, slightly below estimates of $1.34 billion [8] - Shares decreased by 2.39% to $32.91, dropping sharply by 20.09% to $26.30 in after-hours trading [7] Rivian Automotive (RIVN) - Rivian reported third-quarter revenue of $1.56 billion, up 78% year-over-year and above the $1.50 billion estimate [11] - Automotive revenue rose 47% to $1.14 billion, while software and services revenue surged 324% to $416 million [11] - The stock fell 5.23% to $12.50, but gained 3.2% to $12.90 in extended trading [10]

Market Overview - Major indexes experienced a decline, with the Dow down 251 points (-0.53%), S&P 500 down 80 points (-1.17%), Nasdaq down 486 points (-2.04%), and Russell 2000 down 43 points (-1.78%) [2] - The trading week has shown a downward trend after reaching all-time closing highs, indicating a potential slide in the market [1][2] AI and Crypto Market Sentiment - AI valuations have become increasingly cautious among investors, following significant investments in AI by major tech players and OpenAI, leading to a more wary outlook on future developments [3] - Bitcoin briefly dipped below $100K, reflecting a similar cautious sentiment in the crypto market [3] Q3 Earnings Reports - **Advanced Micro Devices (AMD)** reported Q3 earnings of $1.20 per share, exceeding expectations, with revenues of $9.25 billion, surpassing the consensus of $8.72 billion. The company raised its revenue guidance for Q4, although shares fell by 2% after a year-to-date gain of over 100% [4] - **Amgen (AMGN)** significantly outperformed expectations with Q3 earnings of $5.64 per share and revenues of $9.56 billion, both exceeding analyst forecasts. The company raised its full-year guidance on both top and bottom lines, with product sales growing by 12% year over year [5] - **Rivian (RIVN)** reported a smaller-than-expected loss of -$0.65 per share against an anticipated -$0.72, with revenues of $1.56 billion exceeding the consensus of $1.46 billion. Positive gross profit in three of the last four quarters contributed to a 3.5% increase in shares during late trading [6] - **Super Micro Computer (SMCI)** had mixed results, beating earnings expectations with 35 cents per share but falling short on revenues at $5.0 billion compared to the predicted $5.05 billion. Despite a rapidly expanding order book, shares dropped by 9% in after-hours trading [7] - **Pinterest (PINS)** missed earnings expectations for the fourth consecutive quarter, reporting 38 cents per share against a consensus of 40 cents, with revenues meeting expectations at $1.05 billion. Despite having 600 million global active users, the company struggled to convert this into higher sales, leading to an 18% drop in shares after the close [8]

Market Overview - US stocks are expected to face further losses, particularly in the tech sector, with S&P 500 futures down approximately 0.2% and Nasdaq 100 futures down about 0.4% [1] - Concerns about stretched valuations in the stock market, particularly following a significant selloff in tech stocks that resulted in a $500 billion loss in value, are weighing on market sentiment [2] Company Earnings and Forecasts - AMD's earnings surpassed estimates but were still considered underwhelming, leading to a decline in its stock price [2] - Qualcomm's upcoming results are anticipated for insights into the AI trade, while McDonald's earnings report is also a key focus [3] - Pinterest's stock dropped over 17% due to tariff-related pressures and challenges in finding growth avenues [5] - SMCI's stock fell 9% after its third-quarter earnings forecast missed Wall Street expectations [6] - Lumentum Holdings saw a 15% increase in premarket trading after reporting third-quarter earnings that exceeded estimates [6] - Novo Nordisk lowered its full-year profit and sales guidance amid competitive pressures in the weight-loss drug market, yet its US-listed shares rose nearly 3% as investors reacted to its quarterly earnings [9] Economic Indicators - The US government shutdown, now the longest in history at 36 days, is causing economic pain and delaying the release of key economic data, increasing focus on private data reports [3][4] - The ADP private payrolls report is expected to provide insights into the labor market, which is crucial for Federal Reserve policy considerations [4] Global Market Impact - Asian markets mirrored the US tech sell-off, with South Korea's Kospi dropping over 6% before recovering to a 3% decline, Japan's Nikkei 225 down 2.8%, and Hong Kong's Hang Seng index slipping 0.5% [10] - Investor enthusiasm for AI spending appears to be waning as fears of inflated valuations spread [10][11] Trade and Legal Developments - The Supreme Court is hearing arguments regarding President Trump's authority to impose tariffs, which could have significant implications for the global economy [5][7]

Core Viewpoint - Australia's internet watchdog has expanded its social media ban for teenagers to include Reddit and the video live streaming platform Kick, indicating a proactive approach to regulating online platforms that may pose risks to youth safety [1] Group 1: Regulatory Actions - The ban now encompasses Reddit and Kick, marking a significant step in the country's efforts to protect teenagers from potential online harms [1] - The watchdog has indicated that more platforms could be added to the ban if their primary function aligns with the criteria for youth safety concerns [1]

Group 1: AMD Earnings Report - AMD reported a strong third-quarter performance with a revenue beat of $500 million and an EPS guidance of $400 million, driven by significant growth in gaming and client segments [3][4] - The data center segment revenue increased by 22% year-over-year, while gaming revenue surged by 181% annually, attributed to the refresh of Sony and Microsoft gaming systems [2][3] - AMD's stock had previously risen by approximately 50% over the past month, influenced by strategic partnerships with OpenAI and Oracle, positioning AMD as a competitor to Nvidia in the AI accelerator market [5][6][14] Group 2: Market Sentiment and AI Competition - Concerns were raised about AMD's ability to compete with Nvidia's AI accelerators, but recent agreements with major companies suggest a positive outlook for AMD's long-term prospects [6][7] - The China AI business was excluded from AMD's quarterly results and guidance due to uncertainties in the market, indicating a cautious approach [9][10] - Analysts believe that AMD's valuation remains attractive, especially as the company continues to demonstrate its capabilities as a viable alternative to Nvidia in the AI space [15][16] Group 3: Pinterest Earnings Report - Pinterest's fourth-quarter revenue outlook is projected between $1.31 billion and $1.34 billion, which is below consensus estimates [18] - The company reported 600 million monthly active users in Q3, surpassing estimates, but only added 1 million users in the lucrative US and Canada market, which accounts for about 75% of revenue [19][20] - Concerns about user growth in key markets have led to a cautious outlook for Pinterest's future revenue growth [19][20] Group 4: Cava Earnings Report - Cava reported a slight revenue beat at $292.2 million, compared to Wall Street's expectation of $291.5 million, but missed on adjusted EPS [21][22] - Same-store sales growth was only 1.9%, below the projected 2.7%, leading to a downward revision of the fiscal year outlook for same-store sales growth to 3% to 4% [22][24] - The company noted macroeconomic headwinds and a strong prior year as factors affecting performance, indicating challenges in sustaining growth [23][24] Group 5: Rivian Earnings Report - Rivian reported Q3 revenue of $1.56 billion, exceeding expectations and reflecting a 78% year-over-year increase due to a pull forward in deliveries [27][28] - The company posted a loss per share of 65 cents, better than the expected 71 cents, and achieved a gross profit of $24 million, marking a recovery from previous losses [27][28] - Rivian maintained its full-year loss projection amid challenges from the loss of the federal EV tax credit [28] Group 6: Cognizant and AI Partnership - Cognizant announced a partnership with Anthropic to utilize Claude as the preferred AI model for businesses, emphasizing the shift towards AI-driven services [30][32] - The company claims that 30% of its code is now written by machines, highlighting the integration of AI in software development processes [34][38] - Cognizant positions itself as an "AI builder company," focusing on reinventing business processes through AI technology and infrastructure [39][40][42]

Skip to Main Content Skip to Search This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Pinterest Reports Soft Earnings. The Stock Is Tumbling. By Adam Levine Updated Nov 04, 2025, 5:41 pm EST / Original Nov 04, 2025, 11:33 am EST Share Resize Reprints In this article PINS S ...

Core Insights - The social-media platform anticipates a slowdown in revenue growth for the fourth quarter, projecting an increase of 14% to 16% compared to a 17% growth in the third quarter [1] Revenue Performance - The company recorded a revenue growth of 17% in the third quarter [1] - The expected revenue growth for the fourth quarter is lower than the previous quarter's performance, indicating a potential trend shift [1]

Core Insights - Pinterest's stock has experienced a decline of over 16% due to a weaker revenue forecast for the upcoming holiday quarter, which is typically the company's strongest period [1] Group 1: Company Performance - The revenue forecast for Pinterest has been downgraded, indicating potential challenges in achieving expected financial performance during the holiday season [1] - The holiday quarter is traditionally a critical time for Pinterest, as it usually sees increased shopping activity [1] Group 2: Market Reaction - The significant drop in stock price reflects investor concerns regarding the company's ability to capitalize on the holiday shopping season [1]