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Microsoft's AI Momentum Could Propel $4 Trillion Market Cap In 6-9 Months Amid 'Robust' Q1 Earnings, Says Dan Ives: 'This Is a Company Firing on All Cylinders'
Three consecutive financial losses, the stock price surpasses nvidia, can the 'bitcoin proxy' MSTR continue to skyrocket?
Microstrategy's main business is struggling, but its side business in bitcoin is very profitable. The company plans to raise $42 billion in the next three years to continue buying bitcoin. After a surge of 1700% in 2022, some analysts are concerned about the 200% premium on the stock price, while others are looking forward to next year's new accounting standards valuing the company's holding of bitcoin at market prices, thereby reversing MicroStrategy's loss-making situation.
Cathie Wood Shuffles Her Tech Deck: Continues Dumping Tesla And Palantir, Stocks Up On AMD And Meta
"Burning money" can't stop? Meta plans to significantly increase AI spending next year. The number of AI assistant users has already exceeded 0.5 billion.
①Despite Meta's third-quarter profit performance exceeding analyst expectations, Meta warned that next year's artificial intelligence-related infrastructure spending will "substantially accelerate"; ②This has dampened investors' enthusiasm and also raised questions from some analysts: Can Meta's core profitable business - social media business's digital advertising revenue continue to cover the costs of its large-scale AI development?
Express News | US stock night trading: microsoft, Meta plunged more than 3%, carvana soared more than 20%
Futu Morning Post | Citigroup strategist talks about the 'Trump winning trade', a good opportunity to profit from the surge in US stocks; AI capital spending continues to expand! Microsoft, Meta both fell after hours.
USA Treasury Department's heavyweight quarterly refinancing announcement: Maintain long-term bond auction scale and guidance unchanged; the U.S. presidential election is undecided, the dollar hedging cost has risen to the highest since 2022; it will impact 3000 dollars next year! Goldman Sachs raises gold price expectations, stating that central bank demand expectations have quadrupled.
Institutions | The US economy is heading for a soft landing.
In the usa, the actual GDP growth rate for the third quarter of 2024 was 2.8% on a quarter-on-quarter annualized basis, slightly lower than the market expectation of 3.0%, and also a slight decrease from the second quarter's 3.0%, but still a remarkable performance.
Surprise after the red light? AI strongly supports microsoft Q3 Azure revenue growth of over 30%, but expects Q4 growth to slow down, with increased AI spending.
In the third quarter, Microsoft's total cloud revenue grew by 22% year-on-year, exceeding expectations. AI contributed to a 12 percentage point increase in Azure, higher than the second quarter; Excluding the impact of exchange rates, Azure cloud revenue increased by 34% in the third quarter, slightly slower than the second quarter but still above expectations. However, it is expected that Azure's revenue growth in the fourth quarter will further slow to 31%-32%; Capital expenditures accelerated in the third quarter, with a year-on-year increase of nearly 79%, and is expected to increase quarter-on-quarter in the fourth quarter. The stock price initially rose by over 2% after market trading, but later dropped by over 4%.
Top 20 turnover| Eli Lilly and Co. fell more than 6% after earnings, with turnover exceeding 15 billion US dollars; Reddit surged nearly 42% against the market, marking the largest single-day increase since March.
Nvidia ranked first in trading volume in US stocks on Wednesday, falling by 1.36% with a turnover of $24.926 billion. Tesla, ranked fourth, dropped by 0.76% with a turnover of $14.031 billion. AMD, ranked fifth, closed sharply down by 10.62% with a turnover of $13.132 billion.
AI cloud computing service helps microsoft's performance exceed expectations, but the weak outlook depresses the stock price significantly.
Microsoft's after-hours soared more than 2.4%, but the company's second-quarter outlook was disappointing, causing the stock price to fall more than 5%; Azure and other cloud computing services revenue grew by 33%, exceeding the market's expected 29.4%. Microsoft wrote, '12 percentage points of which come from our ai services'.
U.S. stocks closed | The three major indexes all fell, technology stocks weakened, super micro computers plummeted over 32%, AMD dropped over 10% after earnings; overall decline in Donald Trump concept stocks, DJT fell over 22%.
The economic data in the USA is mixed, with the market adjusting down significantly to expectations of a large interest rate cut by the European Central Bank and rate cuts by the United Kingdom in December. US stocks fell across the board, with the chip index dropping by over 3%, nvidia falling by over 3% at one point, Chinese concept stocks dropping by over 2% before halving the decline, and li auto inc turning upwards by nearly 2%.
Apple releases the new MacBook Pro, featuring the powerful M4 Max chip.
①Apple released the new generation MacBook Pro laptops on its official website, all equipped with the M4 series chips; ②According to the official news release from the usa website, the starting price of the new MacBook Pro is $1599. On the china website, the price of this model is 12999 RMB.
Meta Q3 revenue slightly exceeded expectations, with the metaverse business suffering severe losses, and next year's capital expenditure is expected to increase significantly.
Meta CEO Mark Zuckerberg stated that AI has greatly promoted the advertising business, and the company will increase its investment in AI significantly, expecting a significant increase in capital expenditure by 2025.
CORRECTION: Meta Platforms Sees Q4 Revenue $45B-$48B Vs $46.31B Est.
Earnings Snapshot: MSFT Tops Projections as Operating Income Rises 14%
Microsoft Sails Past Estimates as Q1 Cloud Revenue Soars 29%
Fed's Favorite Inflation Gauge Expected To Fall In September: How Will Markets React?
Key Takeaways From Meta's Q3 Earnings, Amid Flat Stock Reaction
QQQ ETF Declines 0.8%
Invesco QQQ Trust Options Spot-On: On October 30th, 3.71 Million Contracts Were Traded, With 9.23 Million Open Interest
On October 30th ET, $Invesco QQQ Trust(QQQ.US)$ had active options trading, with a total trading volume of 3.71 million options for the day, of which put options accounted for 59.75% of the total