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10-28

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10-28

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Big Tech to Report Earnings Under Specter of AI Bubble

10-28

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Oct 27  - As America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?","content":"<html><head></head><body><ul style=\"\"><li><p>Major cloud companies expected to spend $400 billion on AI this year</p></li><li><p>AI investments face uncertain returns, MIT study shows low success rate</p></li><li><p>Investors optimistic about future AI adoption despite current low levels</p></li><li><p>Big tech&#39;s cloud units likely grew at brisk pace in September quarter</p></li></ul><p>As America&#39;s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>,  <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and <a href=\"https://laohu8.com/S/META\">Meta</a> are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.</p><p>But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.</p><p>Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.</p><h3 id=\"id_3179676294\">AI RETURNS REMAIN UNCERTAIN</h3><p>The four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.</p><p>A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.</p><p>&#34;Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it&#39;s not. It&#39;s slop,&#34; OpenAI co-founder and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s former AI head Andrej Karpathy said earlier this month.</p><p>That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies&#39; market value since ChatGPT&#39;s November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0a48a9ecf1e1b3123e1a625dff6ec073\" alt=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" title=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" tg-width=\"1420\" tg-height=\"856\"/><span>Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch</span></p><h3 id=\"id_1875960753\">CIRCULAR DEALS ADD TO THE NERVOUSNESS</h3><p>Adding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>&#39;s potential $100 billion investment in OpenAI, one of its largest customers.</p><p>OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>.</p><p>Debt is also playing a growing role in financing Big Tech&#39;s AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.</p><p>&#34;When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,&#34; said Ahmed Banafa, engineering professor at San Jose State University.</p><p>&#34;These deals aren&#39;t necessarily problematic on their own - but when they become the norm, they increase systemic risk.&#34;</p><h3 id=\"id_3576693999\">SOME INVESTORS BET ADOPTION WILL GROW</h3><p>Some investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.</p><p>&#34;Adoption may be low right now but that&#39;s not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,&#34; said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the &#34;Magnificent Seven&#34; companies.</p><p>&#34;I don&#39;t think we are at a bubble stage yet.&#34;</p><p>In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.</p><p>Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e264b9aee38bee5c9be1469908104ef8\" alt=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" title=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" tg-width=\"1420\" tg-height=\"948\"/><span>Chart showing cloud growth of AWS, Microsoft and Google in AI era</span></p><p>AWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.</p><p>Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet&#39;s will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.</p><p>Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.</p><p>Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech to Report Earnings Under Specter of AI Bubble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech to Report Earnings Under Specter of AI Bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-27 20:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Major cloud companies expected to spend $400 billion on AI this year</p></li><li><p>AI investments face uncertain returns, MIT study shows low success rate</p></li><li><p>Investors optimistic about future AI adoption despite current low levels</p></li><li><p>Big tech&#39;s cloud units likely grew at brisk pace in September quarter</p></li></ul><p>As America&#39;s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>,  <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and <a href=\"https://laohu8.com/S/META\">Meta</a> are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.</p><p>But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.</p><p>Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.</p><h3 id=\"id_3179676294\">AI RETURNS REMAIN UNCERTAIN</h3><p>The four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.</p><p>A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.</p><p>&#34;Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it&#39;s not. It&#39;s slop,&#34; OpenAI co-founder and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s former AI head Andrej Karpathy said earlier this month.</p><p>That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies&#39; market value since ChatGPT&#39;s November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0a48a9ecf1e1b3123e1a625dff6ec073\" alt=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" title=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" tg-width=\"1420\" tg-height=\"856\"/><span>Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch</span></p><h3 id=\"id_1875960753\">CIRCULAR DEALS ADD TO THE NERVOUSNESS</h3><p>Adding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>&#39;s potential $100 billion investment in OpenAI, one of its largest customers.</p><p>OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>.</p><p>Debt is also playing a growing role in financing Big Tech&#39;s AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.</p><p>&#34;When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,&#34; said Ahmed Banafa, engineering professor at San Jose State University.</p><p>&#34;These deals aren&#39;t necessarily problematic on their own - but when they become the norm, they increase systemic risk.&#34;</p><h3 id=\"id_3576693999\">SOME INVESTORS BET ADOPTION WILL GROW</h3><p>Some investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.</p><p>&#34;Adoption may be low right now but that&#39;s not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,&#34; said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the &#34;Magnificent Seven&#34; companies.</p><p>&#34;I don&#39;t think we are at a bubble stage yet.&#34;</p><p>In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.</p><p>Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e264b9aee38bee5c9be1469908104ef8\" alt=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" title=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" tg-width=\"1420\" tg-height=\"948\"/><span>Chart showing cloud growth of AWS, Microsoft and Google in AI era</span></p><p>AWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.</p><p>Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet&#39;s will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.</p><p>Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.</p><p>Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","MSFT":"微软","AMZN":"亚马逊","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","META":"Meta Platforms, Inc.","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","GOOG":"谷歌","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4141":"半导体产品","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","NVDA":"英伟达","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","TSLA":"特斯拉","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","AAPL":"苹果","LU0823414478.USD":"法巴经典能源转换基金","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","BK4577":"网络游戏","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU1236620834.HKD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (HKD) INC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251027:nL1N3W50NU:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2578611137","content_text":"Major cloud companies expected to spend $400 billion on AI this yearAI investments face uncertain returns, MIT study shows low success rateInvestors optimistic about future AI adoption despite current low levelsBig tech's cloud units likely grew at brisk pace in September quarterAs America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?Microsoft,  Alphabet, Amazon and Meta are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.AI RETURNS REMAIN UNCERTAINThe four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.\"Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it's not. It's slop,\" OpenAI co-founder and Tesla's former AI head Andrej Karpathy said earlier this month.That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies' market value since ChatGPT's November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.Chart shows combined market value of Microsoft, Alphabet, Amazon & Meta soaring after ChatGPT's launchCIRCULAR DEALS ADD TO THE NERVOUSNESSAdding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including Nvidia's potential $100 billion investment in OpenAI, one of its largest customers.OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from Oracle.Debt is also playing a growing role in financing Big Tech's AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.\"When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,\" said Ahmed Banafa, engineering professor at San Jose State University.\"These deals aren't necessarily problematic on their own - but when they become the norm, they increase systemic risk.\"SOME INVESTORS BET ADOPTION WILL GROWSome investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.\"Adoption may be low right now but that's not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,\" said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the \"Magnificent Seven\" companies.\"I don't think we are at a bubble stage yet.\"In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.Chart showing cloud growth of AWS, Microsoft and Google in AI eraAWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet's will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.","news_type":1,"symbols_score_info":{"AAPL":1.1,"MSFT":1.1,"GOOG":1.1,"TSLA":1.1,"AMZN":1.1,"NVDA":1.1,"META":1.1}},"isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":493886183347040,"gmtCreate":1761600327176,"gmtModify":1761601703893,"author":{"id":"4221841936291012","authorId":"4221841936291012","name":"Axel883","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4221841936291012","authorIdStr":"4221841936291012"},"themes":[],"htmlText":"Wow2.","listText":"Wow2.","text":"Wow2.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/493886183347040","repostId":"2578611137","repostType":4,"repost":{"id":"2578611137","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1761569199,"share":"https://ttm.financial/m/news/2578611137?lang=&edition=fundamental","pubTime":"2025-10-27 20:46","market":"us","language":"en","title":"Big Tech to Report Earnings Under Specter of AI Bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=2578611137","media":"Reuters","summary":"PREVIEW-Big Tech to report earnings under specter of AI bubbleMajor cloud companies expected to spend $400 billion on AI this yearAI investments face uncertain returns, MIT study shows low success rateInvestors optimistic about future AI adoption despite current low levelsBig tech's cloud units likely grew at brisk pace in September quarterBy Aditya Soni. Oct 27  - As America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?","content":"<html><head></head><body><ul style=\"\"><li><p>Major cloud companies expected to spend $400 billion on AI this year</p></li><li><p>AI investments face uncertain returns, MIT study shows low success rate</p></li><li><p>Investors optimistic about future AI adoption despite current low levels</p></li><li><p>Big tech&#39;s cloud units likely grew at brisk pace in September quarter</p></li></ul><p>As America&#39;s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>,  <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and <a href=\"https://laohu8.com/S/META\">Meta</a> are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.</p><p>But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.</p><p>Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.</p><h3 id=\"id_3179676294\">AI RETURNS REMAIN UNCERTAIN</h3><p>The four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.</p><p>A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.</p><p>&#34;Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it&#39;s not. It&#39;s slop,&#34; OpenAI co-founder and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s former AI head Andrej Karpathy said earlier this month.</p><p>That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies&#39; market value since ChatGPT&#39;s November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0a48a9ecf1e1b3123e1a625dff6ec073\" alt=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" title=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" tg-width=\"1420\" tg-height=\"856\"/><span>Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch</span></p><h3 id=\"id_1875960753\">CIRCULAR DEALS ADD TO THE NERVOUSNESS</h3><p>Adding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>&#39;s potential $100 billion investment in OpenAI, one of its largest customers.</p><p>OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>.</p><p>Debt is also playing a growing role in financing Big Tech&#39;s AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.</p><p>&#34;When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,&#34; said Ahmed Banafa, engineering professor at San Jose State University.</p><p>&#34;These deals aren&#39;t necessarily problematic on their own - but when they become the norm, they increase systemic risk.&#34;</p><h3 id=\"id_3576693999\">SOME INVESTORS BET ADOPTION WILL GROW</h3><p>Some investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.</p><p>&#34;Adoption may be low right now but that&#39;s not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,&#34; said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the &#34;Magnificent Seven&#34; companies.</p><p>&#34;I don&#39;t think we are at a bubble stage yet.&#34;</p><p>In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.</p><p>Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e264b9aee38bee5c9be1469908104ef8\" alt=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" title=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" tg-width=\"1420\" tg-height=\"948\"/><span>Chart showing cloud growth of AWS, Microsoft and Google in AI era</span></p><p>AWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.</p><p>Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet&#39;s will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.</p><p>Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.</p><p>Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech to Report Earnings Under Specter of AI Bubble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech to Report Earnings Under Specter of AI Bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-27 20:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Major cloud companies expected to spend $400 billion on AI this year</p></li><li><p>AI investments face uncertain returns, MIT study shows low success rate</p></li><li><p>Investors optimistic about future AI adoption despite current low levels</p></li><li><p>Big tech&#39;s cloud units likely grew at brisk pace in September quarter</p></li></ul><p>As America&#39;s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>,  <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and <a href=\"https://laohu8.com/S/META\">Meta</a> are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.</p><p>But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.</p><p>Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.</p><h3 id=\"id_3179676294\">AI RETURNS REMAIN UNCERTAIN</h3><p>The four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.</p><p>A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.</p><p>&#34;Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it&#39;s not. It&#39;s slop,&#34; OpenAI co-founder and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s former AI head Andrej Karpathy said earlier this month.</p><p>That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies&#39; market value since ChatGPT&#39;s November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0a48a9ecf1e1b3123e1a625dff6ec073\" alt=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" title=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" tg-width=\"1420\" tg-height=\"856\"/><span>Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch</span></p><h3 id=\"id_1875960753\">CIRCULAR DEALS ADD TO THE NERVOUSNESS</h3><p>Adding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>&#39;s potential $100 billion investment in OpenAI, one of its largest customers.</p><p>OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>.</p><p>Debt is also playing a growing role in financing Big Tech&#39;s AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.</p><p>&#34;When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,&#34; said Ahmed Banafa, engineering professor at San Jose State University.</p><p>&#34;These deals aren&#39;t necessarily problematic on their own - but when they become the norm, they increase systemic risk.&#34;</p><h3 id=\"id_3576693999\">SOME INVESTORS BET ADOPTION WILL GROW</h3><p>Some investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.</p><p>&#34;Adoption may be low right now but that&#39;s not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,&#34; said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the &#34;Magnificent Seven&#34; companies.</p><p>&#34;I don&#39;t think we are at a bubble stage yet.&#34;</p><p>In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.</p><p>Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e264b9aee38bee5c9be1469908104ef8\" alt=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" title=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" tg-width=\"1420\" tg-height=\"948\"/><span>Chart showing cloud growth of AWS, Microsoft and Google in AI era</span></p><p>AWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.</p><p>Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet&#39;s will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.</p><p>Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.</p><p>Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","MSFT":"微软","AMZN":"亚马逊","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","META":"Meta Platforms, Inc.","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","GOOG":"谷歌","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4141":"半导体产品","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","NVDA":"英伟达","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","TSLA":"特斯拉","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","AAPL":"苹果","LU0823414478.USD":"法巴经典能源转换基金","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","BK4577":"网络游戏","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU1236620834.HKD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (HKD) INC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251027:nL1N3W50NU:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2578611137","content_text":"Major cloud companies expected to spend $400 billion on AI this yearAI investments face uncertain returns, MIT study shows low success rateInvestors optimistic about future AI adoption despite current low levelsBig tech's cloud units likely grew at brisk pace in September quarterAs America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?Microsoft,  Alphabet, Amazon and Meta are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.AI RETURNS REMAIN UNCERTAINThe four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.\"Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it's not. It's slop,\" OpenAI co-founder and Tesla's former AI head Andrej Karpathy said earlier this month.That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies' market value since ChatGPT's November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.Chart shows combined market value of Microsoft, Alphabet, Amazon & Meta soaring after ChatGPT's launchCIRCULAR DEALS ADD TO THE NERVOUSNESSAdding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including Nvidia's potential $100 billion investment in OpenAI, one of its largest customers.OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from Oracle.Debt is also playing a growing role in financing Big Tech's AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.\"When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,\" said Ahmed Banafa, engineering professor at San Jose State University.\"These deals aren't necessarily problematic on their own - but when they become the norm, they increase systemic risk.\"SOME INVESTORS BET ADOPTION WILL GROWSome investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.\"Adoption may be low right now but that's not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,\" said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the \"Magnificent Seven\" companies.\"I don't think we are at a bubble stage yet.\"In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.Chart showing cloud growth of AWS, Microsoft and Google in AI eraAWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet's will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.","news_type":1,"symbols_score_info":{"AAPL":1.1,"MSFT":1.1,"GOOG":1.1,"TSLA":1.1,"AMZN":1.1,"NVDA":1.1,"META":1.1}},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":492334410891712,"gmtCreate":1761221393245,"gmtModify":1761223106215,"author":{"id":"4221841936291012","authorId":"4221841936291012","name":"Axel883","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4221841936291012","authorIdStr":"4221841936291012"},"themes":[],"htmlText":"Wow 1.","listText":"Wow 1.","text":"Wow 1.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/492334410891712","repostId":"1159279254","repostType":2,"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":494072635241048,"gmtCreate":1761649268330,"gmtModify":1761657331015,"author":{"id":"4221841936291012","authorId":"4221841936291012","name":"Axel883","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4221841936291012","idStr":"4221841936291012"},"themes":[],"htmlText":"Who fi is this!","listText":"Who fi is this!","text":"Who fi is this!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/494072635241048","repostId":"2578931676","repostType":2,"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":493886183347040,"gmtCreate":1761600327176,"gmtModify":1761601703893,"author":{"id":"4221841936291012","authorId":"4221841936291012","name":"Axel883","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4221841936291012","idStr":"4221841936291012"},"themes":[],"htmlText":"Wow2.","listText":"Wow2.","text":"Wow2.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/493886183347040","repostId":"2578611137","repostType":4,"repost":{"id":"2578611137","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1761569199,"share":"https://ttm.financial/m/news/2578611137?lang=&edition=fundamental","pubTime":"2025-10-27 20:46","market":"us","language":"en","title":"Big Tech to Report Earnings Under Specter of AI Bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=2578611137","media":"Reuters","summary":"PREVIEW-Big Tech to report earnings under specter of AI bubbleMajor cloud companies expected to spend $400 billion on AI this yearAI investments face uncertain returns, MIT study shows low success rateInvestors optimistic about future AI adoption despite current low levelsBig tech's cloud units likely grew at brisk pace in September quarterBy Aditya Soni. Oct 27  - As America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?","content":"<html><head></head><body><ul style=\"\"><li><p>Major cloud companies expected to spend $400 billion on AI this year</p></li><li><p>AI investments face uncertain returns, MIT study shows low success rate</p></li><li><p>Investors optimistic about future AI adoption despite current low levels</p></li><li><p>Big tech&#39;s cloud units likely grew at brisk pace in September quarter</p></li></ul><p>As America&#39;s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>,  <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and <a href=\"https://laohu8.com/S/META\">Meta</a> are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.</p><p>But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.</p><p>Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.</p><h3 id=\"id_3179676294\">AI RETURNS REMAIN UNCERTAIN</h3><p>The four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.</p><p>A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.</p><p>&#34;Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it&#39;s not. It&#39;s slop,&#34; OpenAI co-founder and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s former AI head Andrej Karpathy said earlier this month.</p><p>That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies&#39; market value since ChatGPT&#39;s November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0a48a9ecf1e1b3123e1a625dff6ec073\" alt=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" title=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" tg-width=\"1420\" tg-height=\"856\"/><span>Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch</span></p><h3 id=\"id_1875960753\">CIRCULAR DEALS ADD TO THE NERVOUSNESS</h3><p>Adding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>&#39;s potential $100 billion investment in OpenAI, one of its largest customers.</p><p>OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>.</p><p>Debt is also playing a growing role in financing Big Tech&#39;s AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.</p><p>&#34;When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,&#34; said Ahmed Banafa, engineering professor at San Jose State University.</p><p>&#34;These deals aren&#39;t necessarily problematic on their own - but when they become the norm, they increase systemic risk.&#34;</p><h3 id=\"id_3576693999\">SOME INVESTORS BET ADOPTION WILL GROW</h3><p>Some investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.</p><p>&#34;Adoption may be low right now but that&#39;s not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,&#34; said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the &#34;Magnificent Seven&#34; companies.</p><p>&#34;I don&#39;t think we are at a bubble stage yet.&#34;</p><p>In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.</p><p>Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e264b9aee38bee5c9be1469908104ef8\" alt=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" title=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" tg-width=\"1420\" tg-height=\"948\"/><span>Chart showing cloud growth of AWS, Microsoft and Google in AI era</span></p><p>AWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.</p><p>Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet&#39;s will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.</p><p>Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.</p><p>Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech to Report Earnings Under Specter of AI Bubble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech to Report Earnings Under Specter of AI Bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-27 20:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Major cloud companies expected to spend $400 billion on AI this year</p></li><li><p>AI investments face uncertain returns, MIT study shows low success rate</p></li><li><p>Investors optimistic about future AI adoption despite current low levels</p></li><li><p>Big tech&#39;s cloud units likely grew at brisk pace in September quarter</p></li></ul><p>As America&#39;s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>,  <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and <a href=\"https://laohu8.com/S/META\">Meta</a> are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.</p><p>But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.</p><p>Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.</p><h3 id=\"id_3179676294\">AI RETURNS REMAIN UNCERTAIN</h3><p>The four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.</p><p>A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.</p><p>&#34;Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it&#39;s not. It&#39;s slop,&#34; OpenAI co-founder and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s former AI head Andrej Karpathy said earlier this month.</p><p>That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies&#39; market value since ChatGPT&#39;s November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0a48a9ecf1e1b3123e1a625dff6ec073\" alt=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" title=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" tg-width=\"1420\" tg-height=\"856\"/><span>Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch</span></p><h3 id=\"id_1875960753\">CIRCULAR DEALS ADD TO THE NERVOUSNESS</h3><p>Adding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>&#39;s potential $100 billion investment in OpenAI, one of its largest customers.</p><p>OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>.</p><p>Debt is also playing a growing role in financing Big Tech&#39;s AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.</p><p>&#34;When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,&#34; said Ahmed Banafa, engineering professor at San Jose State University.</p><p>&#34;These deals aren&#39;t necessarily problematic on their own - but when they become the norm, they increase systemic risk.&#34;</p><h3 id=\"id_3576693999\">SOME INVESTORS BET ADOPTION WILL GROW</h3><p>Some investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.</p><p>&#34;Adoption may be low right now but that&#39;s not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,&#34; said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the &#34;Magnificent Seven&#34; companies.</p><p>&#34;I don&#39;t think we are at a bubble stage yet.&#34;</p><p>In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.</p><p>Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e264b9aee38bee5c9be1469908104ef8\" alt=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" title=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" tg-width=\"1420\" tg-height=\"948\"/><span>Chart showing cloud growth of AWS, Microsoft and Google in AI era</span></p><p>AWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.</p><p>Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet&#39;s will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.</p><p>Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.</p><p>Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","MSFT":"微软","AMZN":"亚马逊","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","META":"Meta Platforms, Inc.","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","GOOG":"谷歌","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4141":"半导体产品","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","NVDA":"英伟达","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","TSLA":"特斯拉","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","AAPL":"苹果","LU0823414478.USD":"法巴经典能源转换基金","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","BK4577":"网络游戏","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU1236620834.HKD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (HKD) INC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251027:nL1N3W50NU:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2578611137","content_text":"Major cloud companies expected to spend $400 billion on AI this yearAI investments face uncertain returns, MIT study shows low success rateInvestors optimistic about future AI adoption despite current low levelsBig tech's cloud units likely grew at brisk pace in September quarterAs America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?Microsoft,  Alphabet, Amazon and Meta are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.AI RETURNS REMAIN UNCERTAINThe four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.\"Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it's not. It's slop,\" OpenAI co-founder and Tesla's former AI head Andrej Karpathy said earlier this month.That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies' market value since ChatGPT's November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.Chart shows combined market value of Microsoft, Alphabet, Amazon & Meta soaring after ChatGPT's launchCIRCULAR DEALS ADD TO THE NERVOUSNESSAdding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including Nvidia's potential $100 billion investment in OpenAI, one of its largest customers.OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from Oracle.Debt is also playing a growing role in financing Big Tech's AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.\"When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,\" said Ahmed Banafa, engineering professor at San Jose State University.\"These deals aren't necessarily problematic on their own - but when they become the norm, they increase systemic risk.\"SOME INVESTORS BET ADOPTION WILL GROWSome investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.\"Adoption may be low right now but that's not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,\" said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the \"Magnificent Seven\" companies.\"I don't think we are at a bubble stage yet.\"In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.Chart showing cloud growth of AWS, Microsoft and Google in AI eraAWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet's will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.","news_type":1,"symbols_score_info":{"AAPL":1.1,"MSFT":1.1,"GOOG":1.1,"TSLA":1.1,"AMZN":1.1,"NVDA":1.1,"META":1.1}},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":493888572584160,"gmtCreate":1761600921805,"gmtModify":1761601703980,"author":{"id":"4221841936291012","authorId":"4221841936291012","name":"Axel883","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4221841936291012","idStr":"4221841936291012"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/493888572584160","repostId":"2578611137","repostType":4,"repost":{"id":"2578611137","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1761569199,"share":"https://ttm.financial/m/news/2578611137?lang=&edition=fundamental","pubTime":"2025-10-27 20:46","market":"us","language":"en","title":"Big Tech to Report Earnings Under Specter of AI Bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=2578611137","media":"Reuters","summary":"PREVIEW-Big Tech to report earnings under specter of AI bubbleMajor cloud companies expected to spend $400 billion on AI this yearAI investments face uncertain returns, MIT study shows low success rateInvestors optimistic about future AI adoption despite current low levelsBig tech's cloud units likely grew at brisk pace in September quarterBy Aditya Soni. Oct 27  - As America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?","content":"<html><head></head><body><ul style=\"\"><li><p>Major cloud companies expected to spend $400 billion on AI this year</p></li><li><p>AI investments face uncertain returns, MIT study shows low success rate</p></li><li><p>Investors optimistic about future AI adoption despite current low levels</p></li><li><p>Big tech&#39;s cloud units likely grew at brisk pace in September quarter</p></li></ul><p>As America&#39;s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>,  <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and <a href=\"https://laohu8.com/S/META\">Meta</a> are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.</p><p>But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.</p><p>Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.</p><h3 id=\"id_3179676294\">AI RETURNS REMAIN UNCERTAIN</h3><p>The four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.</p><p>A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.</p><p>&#34;Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it&#39;s not. It&#39;s slop,&#34; OpenAI co-founder and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s former AI head Andrej Karpathy said earlier this month.</p><p>That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies&#39; market value since ChatGPT&#39;s November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0a48a9ecf1e1b3123e1a625dff6ec073\" alt=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" title=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" tg-width=\"1420\" tg-height=\"856\"/><span>Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch</span></p><h3 id=\"id_1875960753\">CIRCULAR DEALS ADD TO THE NERVOUSNESS</h3><p>Adding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>&#39;s potential $100 billion investment in OpenAI, one of its largest customers.</p><p>OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>.</p><p>Debt is also playing a growing role in financing Big Tech&#39;s AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.</p><p>&#34;When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,&#34; said Ahmed Banafa, engineering professor at San Jose State University.</p><p>&#34;These deals aren&#39;t necessarily problematic on their own - but when they become the norm, they increase systemic risk.&#34;</p><h3 id=\"id_3576693999\">SOME INVESTORS BET ADOPTION WILL GROW</h3><p>Some investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.</p><p>&#34;Adoption may be low right now but that&#39;s not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,&#34; said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the &#34;Magnificent Seven&#34; companies.</p><p>&#34;I don&#39;t think we are at a bubble stage yet.&#34;</p><p>In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.</p><p>Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e264b9aee38bee5c9be1469908104ef8\" alt=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" title=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" tg-width=\"1420\" tg-height=\"948\"/><span>Chart showing cloud growth of AWS, Microsoft and Google in AI era</span></p><p>AWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.</p><p>Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet&#39;s will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.</p><p>Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.</p><p>Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech to Report Earnings Under Specter of AI Bubble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech to Report Earnings Under Specter of AI Bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-27 20:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Major cloud companies expected to spend $400 billion on AI this year</p></li><li><p>AI investments face uncertain returns, MIT study shows low success rate</p></li><li><p>Investors optimistic about future AI adoption despite current low levels</p></li><li><p>Big tech&#39;s cloud units likely grew at brisk pace in September quarter</p></li></ul><p>As America&#39;s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>,  <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and <a href=\"https://laohu8.com/S/META\">Meta</a> are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.</p><p>But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.</p><p>Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.</p><h3 id=\"id_3179676294\">AI RETURNS REMAIN UNCERTAIN</h3><p>The four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.</p><p>A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.</p><p>&#34;Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it&#39;s not. It&#39;s slop,&#34; OpenAI co-founder and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s former AI head Andrej Karpathy said earlier this month.</p><p>That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies&#39; market value since ChatGPT&#39;s November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0a48a9ecf1e1b3123e1a625dff6ec073\" alt=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" title=\"Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch\" tg-width=\"1420\" tg-height=\"856\"/><span>Chart shows combined market value of Microsoft, Alphabet, Amazon &amp; Meta soaring after ChatGPT&#39;s launch</span></p><h3 id=\"id_1875960753\">CIRCULAR DEALS ADD TO THE NERVOUSNESS</h3><p>Adding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>&#39;s potential $100 billion investment in OpenAI, one of its largest customers.</p><p>OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>.</p><p>Debt is also playing a growing role in financing Big Tech&#39;s AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.</p><p>&#34;When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,&#34; said Ahmed Banafa, engineering professor at San Jose State University.</p><p>&#34;These deals aren&#39;t necessarily problematic on their own - but when they become the norm, they increase systemic risk.&#34;</p><h3 id=\"id_3576693999\">SOME INVESTORS BET ADOPTION WILL GROW</h3><p>Some investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.</p><p>&#34;Adoption may be low right now but that&#39;s not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,&#34; said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the &#34;Magnificent Seven&#34; companies.</p><p>&#34;I don&#39;t think we are at a bubble stage yet.&#34;</p><p>In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.</p><p>Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e264b9aee38bee5c9be1469908104ef8\" alt=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" title=\"Chart showing cloud growth of AWS, Microsoft and Google in AI era\" tg-width=\"1420\" tg-height=\"948\"/><span>Chart showing cloud growth of AWS, Microsoft and Google in AI era</span></p><p>AWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.</p><p>Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet&#39;s will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.</p><p>Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.</p><p>Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","MSFT":"微软","AMZN":"亚马逊","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","META":"Meta Platforms, Inc.","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","GOOG":"谷歌","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4141":"半导体产品","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","NVDA":"英伟达","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","TSLA":"特斯拉","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","AAPL":"苹果","LU0823414478.USD":"法巴经典能源转换基金","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","BK4577":"网络游戏","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU1236620834.HKD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (HKD) INC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251027:nL1N3W50NU:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2578611137","content_text":"Major cloud companies expected to spend $400 billion on AI this yearAI investments face uncertain returns, MIT study shows low success rateInvestors optimistic about future AI adoption despite current low levelsBig tech's cloud units likely grew at brisk pace in September quarterAs America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?Microsoft,  Alphabet, Amazon and Meta are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data. The companies themselves are likely to say they will continue to pour billions into AI because it holds promise in the long term.But business leaders including OpenAI CEO Sam Altman, Amazon.com founder Jeff Bezos and Goldman Sachs GS.O CEO David Solomon have warned in recent months that the frenzy in tech stocks has outrun fundamentals.Investors, unnerved by the exuberance yet wary of betting against it, have started shifting away from hyped-up stocks, using dotcom-era strategies to dodge AI bubble risks.AI RETURNS REMAIN UNCERTAINThe four tech giants and other major cloud firms are together expected to spend $400 billion on AI infrastructure this year - but returns for businesses adopting the technology remain uncertain.A widely cited MIT study earlier this year found that of the more than 300 AI projects analyzed, only about 5% delivered measurable gains. Most AI projects stall at the pilot stage due to weak integration into workflows and models that fail to scale, the study found.\"Overall, the models are not there. I feel like the industry is making too big of a jump and is trying to pretend like this is amazing, and it's not. It's slop,\" OpenAI co-founder and Tesla's former AI head Andrej Karpathy said earlier this month.That could spell trouble for the AI-fueled rally that has added about $6 trillion to the Big Tech companies' market value since ChatGPT's November 2022 debut - and for the broader U.S. economy, which some economists say has been propped up by AI spending offsetting the drag from Trump-administration tariffs.Chart shows combined market value of Microsoft, Alphabet, Amazon & Meta soaring after ChatGPT's launchCIRCULAR DEALS ADD TO THE NERVOUSNESSAdding to the unease is a web of circular deals reminiscent of the 1990s dotcom boom, including Nvidia's potential $100 billion investment in OpenAI, one of its largest customers.OpenAI has signed AI compute deals worth $1 trillion with few details on how it will fund them, including a commitment to purchase $300 billion in computing power from Oracle.Debt is also playing a growing role in financing Big Tech's AI infrastructure spree in a departure from past investment cycles. Meta recently signed a $27 billion financing deal with private-credit firm Blue Owl Capital for its largest data center.\"When the same companies are both funding and relying on each other, decisions may no longer be based on real demand or performance - but on reinforcing growth expectations,\" said Ahmed Banafa, engineering professor at San Jose State University.\"These deals aren't necessarily problematic on their own - but when they become the norm, they increase systemic risk.\"SOME INVESTORS BET ADOPTION WILL GROWSome investors said beneath the froth, real value is emerging - pointing to double-digit revenue growth and strong cash flows keeping Big Tech balance sheets healthy.\"Adoption may be low right now but that's not a forward indicator. With greater spend and greater innovation in these models, the adoption is going to grow,\" said Eric Schiffer, CEO of Los Angeles-based investment firm Patriarch Organization, which holds shares in all the \"Magnificent Seven\" companies.\"I don't think we are at a bubble stage yet.\"In the July-September quarter, the cloud-computing units of Amazon, Microsoft and Google are all expected to report strong growth despite capacity constraints limiting their ability to meet AI demand. They are also likely to reaffirm their capital spending plans.Microsoft Azure revenue likely rose 38.4% in the period, outpacing expected growth of 30.1% for Google Cloud and 18% for Amazon Web Services, Visible Alpha data shows.Chart showing cloud growth of AWS, Microsoft and Google in AI eraAWS remains the largest player but has lagged Microsoft, which has benefited from its OpenAI tie-up, and Google, whose models have gained traction with startups. A recent AWS outage that disrupted several popular apps drew fresh scrutiny.Overall, Microsoft is expected to report revenue growth of 14.9% in the quarter, while Alphabet's will likely rise 13.2%, according to LSEG data. Amazon and Meta are likely to deliver revenue growth of 11.9% and 21.7%, respectively.Profit growth, however, is expected to slow for the companies as costs jump, with all barring Microsoft expected to post their weakest increase in 10 quarters.Microsoft, Alphabet and Meta will report results on Wednesday, followed by Amazon on Thursday.","news_type":1,"symbols_score_info":{"AAPL":1.1,"MSFT":1.1,"GOOG":1.1,"TSLA":1.1,"AMZN":1.1,"NVDA":1.1,"META":1.1}},"isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":492334410891712,"gmtCreate":1761221393245,"gmtModify":1761223106215,"author":{"id":"4221841936291012","authorId":"4221841936291012","name":"Axel883","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4221841936291012","idStr":"4221841936291012"},"themes":[],"htmlText":"Wow 1.","listText":"Wow 1.","text":"Wow 1.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/492334410891712","repostId":"1159279254","repostType":2,"repost":{"id":"1159279254","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1761177300,"share":"https://ttm.financial/m/news/1159279254?lang=&edition=fundamental","pubTime":"2025-10-23 07:55","market":"us","language":"en","title":"Post-Bell | Wall Street Ends Lower; Netflix Plunges 10%; Texas Instruments Sinks 6%; Intuitive Surgical Jumps 14%","url":"https://stock-news.laohu8.com/highlight/detail?id=1159279254","media":"Tiger Newspress","summary":"Wall Street closed lower on Wednesday as a wave of mixed earnings, including Netflix's disappointing results, dampened risk sentiment as investors assessed reports that the Trump administration is...","content":"<html><head></head><body><p>Wall Street closed lower on Wednesday as a wave of mixed earnings, including Netflix&#39;s disappointing results, dampened risk sentiment as investors assessed reports that the Trump administration is considering curbs on exports to China made with U.S. software.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The Dow Jones Industrial Average fell 334.33 points, or 0.71%, to 46,590.41, the S&amp;P 500 lost 35.95 points, or 0.53%, to 6,699.40 and the Nasdaq Composite lost 213.27 points, or 0.93%, to 22,740.40.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e41ad30ab012a16c4d43351db673c8fd\" title=\"\" tg-width=\"411\" tg-height=\"206\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><strong><a href=\"https://laohu8.com/S/NFLX\">Netflix</a></strong> - Netflix declined 10.1% after the streaming giant reported third-quarter earnings that missed Wall Street estimates. Netflix posted adjusted earnings of $5.87 a share, below expectations of $6.96, blaming an unexpected tax dispute in Brazil. Revenue of $11.5 billion matched expectations. Netflix said it had its best-ever quarter for ad sales and was on track to more than double revenue from that business in 2025.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a></strong> - Texas Instruments fell 5.6% after the semiconductor company issued a disappointing earnings forecast for the fourth quarter. Texas Instruments said it expects profit in the period of between $1.13 and $1.39 a share, which at the midpoint was below Wall Street consensus of $1.41. For the third quarter, its adjusted earnings of $1.48 a share missed consensus by 1 cent. Revenue of $4.74 billion topped expectations of $4.65 billion.</p><p><strong><a href=\"https://laohu8.com/S/TSLA\">Tesla</a></strong> - Tesla dropped 0.8% heading into its third-quarter earnings report, which was scheduled for after the closing bell Wednesday.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/T\">AT&amp;T</a></strong> - Wireless carrier AT&amp;T said more customers than Wall Street expected had switched to its cellphone plans over the third quarter, whileearnings and revenuefor the quarter were in line with analysts’ estimates. The stock fell 1.9%.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/VRT\">Vertiv Holdings</a></strong> - Vertiv Holdings, the technology infrastructure company, posted third-quarter adjusted earnings that beat analysts’ forecasts and raised its full-year earnings expectations. Shares, however, declined 1.8%.</p><p><strong><a href=\"https://laohu8.com/S/APH\">Amphenol</a></strong> - Amphenol gained 3.6% as the electric connector manufacturer posted better-than-expected third-quarter earnings and sales, which rose 53% from a year earlier to $6.2 billion. Amphenol cited strong organic growth in virtually all its end markets, “including exceptional organic growth in the IT datacom market, as well as contributions from the company’s acquisition program.”</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/GEV\">GE Vernova</a></strong> - GE Vernova, the power-generation equipment company, reported third-quarter earnings before interest, taxes, depreciation, and amortizationof $811 million on sales of $10 billion, beating Wall Street forecasts on both metrics. Orders in the quarter rose 55% from a year earlier to $14.6 billion. The stock, however, declined 1.6%, reducing its gain this year to 75%.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/WGO\">Winnebago</a></strong> - Winnebago Industries surged 28.5% after the motor home manufacturer swung to a fourth-quarter profit as sales rose 7.8% to $777.3 million. The company said the gains were “primarily due to favorable product mix and targeted price increases, partially offset by higher discounts and allowances.”</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/ISRG\">Intuitive Surgical</a></strong> - Intuitive Surgical jumped 13.9% after the maker of robotic surgery systems posted third-quarter earnings that topped analysts’ estimates. The company also said it expects growth of its da Vinci robotic surgical system of between 17% and 17.5% this year, higher than its prior forecast for growth between 15.5% and 17%.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/MAT\">Mattel</a></strong> - Mattel declined 2.8% after the toymaker’s third-quarter earnings and revenue fell short of expectations. North America sales declined 12% from last year, weighing on total sales, which fell 6%. CEO Ynon Kreiz said Mattel’s U.S. business “was challenged in the third quarter by industry-wide shifts in retailer ordering patterns.”</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/NEM\">Newmont Mining</a></strong> - Newmont rose 0.8% after tumbling 9% on Tuesday, the miner’s largest daily percentage decrease in about a year, as gold prices sank. Front-month Comex gold for October delivery lost $43.30 per troy ounce on Wednesday, falling 1.1% to $4044.40. Gold futures were trading down 0.6% at $4,086 an ounce.</p><p><strong><a href=\"https://laohu8.com/S/DKNG\">DraftKings</a></strong> - DraftKings rose 3.2% after the sports-betting site acquired prediction markets company Railbird Technologies and said it plans a mobile app that will allow users to trade contracts on the outcomes of events in finance, culture, and entertainment.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f95609790a336c11541e72274460b294\" tg-width=\"1080\" tg-height=\"1920\"/></p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3383660211\">Tesla Profit Falls Short Despite Record Sales, Hit by Higher Costs and Fading Credits</h3><p>Tesla reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.</p><p>However, Tesla&#39;s profit failed to live up to analysts&#39; expectations, in part due to tariff and research costs, as well as a drop in income from regulatory credits that are expected to continue to fade away with recent legislation passed by the Trump administration.</p><p>Tesla&#39;s $1.45 trillion valuation largely reflects investor bets on CEO Elon Musk&#39;s pivot to robotics and AI, but vehicle sales remain key to the financial stability of the company while those products are being developed.</p><h3 id=\"id_2018814130\">US Mulls Curbs on Exports to China Made with US Software, Sources Say</h3><p>The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing&#39;s latest round of rare earth export restrictions, according to a U.S. official and three people briefed by U.S. authorities, Reuters reported.</p><p>While the plan is not the only one being deliberated, it would make good on President Donald Trump&#39;s threat earlier this month to bar &#34;critical software&#34; exports to China by restricting global shipments of items that contain U.S. software or were produced using U.S. software.</p><p>On October 10, Trump said in a social media post that he would impose additional tariffs of 100% on China&#39;s U.S.-bound shipments, along with new export controls on &#34;any and all critical software&#34; by November 1 without further details.</p><h3 id=\"id_1524610477\">US Hits Top Russian Oil Companies Rosneft and Lukoil with Sanctions</h3><p>U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war.</p><p>The U.S. Treasury Department said it was prepared to take further action as it called on Moscow to agree immediately to a ceasefire in Russia&#39;s war in Ukraine, which began in February 2022.</p><p>The sanctions are a major policy shift for Trump, who had not put sanctions on Russia over the war and instead relied on trade measures. Trump imposed additional 25% tariffs on goods from India in retaliation for it purchasing discounted Russian oil.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Post-Bell | Wall Street Ends Lower; Netflix Plunges 10%; Texas Instruments Sinks 6%; Intuitive Surgical Jumps 14%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPost-Bell | Wall Street Ends Lower; Netflix Plunges 10%; Texas Instruments Sinks 6%; Intuitive Surgical Jumps 14%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-10-23 07:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street closed lower on Wednesday as a wave of mixed earnings, including Netflix&#39;s disappointing results, dampened risk sentiment as investors assessed reports that the Trump administration is considering curbs on exports to China made with U.S. software.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The Dow Jones Industrial Average fell 334.33 points, or 0.71%, to 46,590.41, the S&amp;P 500 lost 35.95 points, or 0.53%, to 6,699.40 and the Nasdaq Composite lost 213.27 points, or 0.93%, to 22,740.40.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e41ad30ab012a16c4d43351db673c8fd\" title=\"\" tg-width=\"411\" tg-height=\"206\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><strong><a href=\"https://laohu8.com/S/NFLX\">Netflix</a></strong> - Netflix declined 10.1% after the streaming giant reported third-quarter earnings that missed Wall Street estimates. Netflix posted adjusted earnings of $5.87 a share, below expectations of $6.96, blaming an unexpected tax dispute in Brazil. Revenue of $11.5 billion matched expectations. Netflix said it had its best-ever quarter for ad sales and was on track to more than double revenue from that business in 2025.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a></strong> - Texas Instruments fell 5.6% after the semiconductor company issued a disappointing earnings forecast for the fourth quarter. Texas Instruments said it expects profit in the period of between $1.13 and $1.39 a share, which at the midpoint was below Wall Street consensus of $1.41. For the third quarter, its adjusted earnings of $1.48 a share missed consensus by 1 cent. Revenue of $4.74 billion topped expectations of $4.65 billion.</p><p><strong><a href=\"https://laohu8.com/S/TSLA\">Tesla</a></strong> - Tesla dropped 0.8% heading into its third-quarter earnings report, which was scheduled for after the closing bell Wednesday.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/T\">AT&amp;T</a></strong> - Wireless carrier AT&amp;T said more customers than Wall Street expected had switched to its cellphone plans over the third quarter, whileearnings and revenuefor the quarter were in line with analysts’ estimates. The stock fell 1.9%.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/VRT\">Vertiv Holdings</a></strong> - Vertiv Holdings, the technology infrastructure company, posted third-quarter adjusted earnings that beat analysts’ forecasts and raised its full-year earnings expectations. Shares, however, declined 1.8%.</p><p><strong><a href=\"https://laohu8.com/S/APH\">Amphenol</a></strong> - Amphenol gained 3.6% as the electric connector manufacturer posted better-than-expected third-quarter earnings and sales, which rose 53% from a year earlier to $6.2 billion. Amphenol cited strong organic growth in virtually all its end markets, “including exceptional organic growth in the IT datacom market, as well as contributions from the company’s acquisition program.”</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/GEV\">GE Vernova</a></strong> - GE Vernova, the power-generation equipment company, reported third-quarter earnings before interest, taxes, depreciation, and amortizationof $811 million on sales of $10 billion, beating Wall Street forecasts on both metrics. Orders in the quarter rose 55% from a year earlier to $14.6 billion. The stock, however, declined 1.6%, reducing its gain this year to 75%.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/WGO\">Winnebago</a></strong> - Winnebago Industries surged 28.5% after the motor home manufacturer swung to a fourth-quarter profit as sales rose 7.8% to $777.3 million. The company said the gains were “primarily due to favorable product mix and targeted price increases, partially offset by higher discounts and allowances.”</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/ISRG\">Intuitive Surgical</a></strong> - Intuitive Surgical jumped 13.9% after the maker of robotic surgery systems posted third-quarter earnings that topped analysts’ estimates. The company also said it expects growth of its da Vinci robotic surgical system of between 17% and 17.5% this year, higher than its prior forecast for growth between 15.5% and 17%.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/MAT\">Mattel</a></strong> - Mattel declined 2.8% after the toymaker’s third-quarter earnings and revenue fell short of expectations. North America sales declined 12% from last year, weighing on total sales, which fell 6%. CEO Ynon Kreiz said Mattel’s U.S. business “was challenged in the third quarter by industry-wide shifts in retailer ordering patterns.”</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/NEM\">Newmont Mining</a></strong> - Newmont rose 0.8% after tumbling 9% on Tuesday, the miner’s largest daily percentage decrease in about a year, as gold prices sank. Front-month Comex gold for October delivery lost $43.30 per troy ounce on Wednesday, falling 1.1% to $4044.40. Gold futures were trading down 0.6% at $4,086 an ounce.</p><p><strong><a href=\"https://laohu8.com/S/DKNG\">DraftKings</a></strong> - DraftKings rose 3.2% after the sports-betting site acquired prediction markets company Railbird Technologies and said it plans a mobile app that will allow users to trade contracts on the outcomes of events in finance, culture, and entertainment.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f95609790a336c11541e72274460b294\" tg-width=\"1080\" tg-height=\"1920\"/></p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3383660211\">Tesla Profit Falls Short Despite Record Sales, Hit by Higher Costs and Fading Credits</h3><p>Tesla reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.</p><p>However, Tesla&#39;s profit failed to live up to analysts&#39; expectations, in part due to tariff and research costs, as well as a drop in income from regulatory credits that are expected to continue to fade away with recent legislation passed by the Trump administration.</p><p>Tesla&#39;s $1.45 trillion valuation largely reflects investor bets on CEO Elon Musk&#39;s pivot to robotics and AI, but vehicle sales remain key to the financial stability of the company while those products are being developed.</p><h3 id=\"id_2018814130\">US Mulls Curbs on Exports to China Made with US Software, Sources Say</h3><p>The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing&#39;s latest round of rare earth export restrictions, according to a U.S. official and three people briefed by U.S. authorities, Reuters reported.</p><p>While the plan is not the only one being deliberated, it would make good on President Donald Trump&#39;s threat earlier this month to bar &#34;critical software&#34; exports to China by restricting global shipments of items that contain U.S. software or were produced using U.S. software.</p><p>On October 10, Trump said in a social media post that he would impose additional tariffs of 100% on China&#39;s U.S.-bound shipments, along with new export controls on &#34;any and all critical software&#34; by November 1 without further details.</p><h3 id=\"id_1524610477\">US Hits Top Russian Oil Companies Rosneft and Lukoil with Sanctions</h3><p>U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war.</p><p>The U.S. Treasury Department said it was prepared to take further action as it called on Moscow to agree immediately to a ceasefire in Russia&#39;s war in Ukraine, which began in February 2022.</p><p>The sanctions are a major policy shift for Trump, who had not put sanctions on Russia over the war and instead relied on trade measures. Trump imposed additional 25% tariffs on goods from India in retaliation for it purchasing discounted Russian oil.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TXN":"德州仪器","VRT":"Vertiv Holdings LLC",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","WGO":"温尼巴格实业","GEV":"GE Vernova Inc.","NFLX":"奈飞","T":"At&T",".SPX":"S&P 500 Index","NEM":"纽曼矿业","ISRG":"直觉外科公司","DKNG":"DraftKings Inc.","TSLA":"特斯拉","MAT":"美国美泰公司","APH":"安诺电子"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159279254","content_text":"Wall Street closed lower on Wednesday as a wave of mixed earnings, including Netflix's disappointing results, dampened risk sentiment as investors assessed reports that the Trump administration is considering curbs on exports to China made with U.S. software.Market SnapshotThe Dow Jones Industrial Average fell 334.33 points, or 0.71%, to 46,590.41, the S&P 500 lost 35.95 points, or 0.53%, to 6,699.40 and the Nasdaq Composite lost 213.27 points, or 0.93%, to 22,740.40.Market MoversNetflix - Netflix declined 10.1% after the streaming giant reported third-quarter earnings that missed Wall Street estimates. Netflix posted adjusted earnings of $5.87 a share, below expectations of $6.96, blaming an unexpected tax dispute in Brazil. Revenue of $11.5 billion matched expectations. Netflix said it had its best-ever quarter for ad sales and was on track to more than double revenue from that business in 2025.Texas Instruments - Texas Instruments fell 5.6% after the semiconductor company issued a disappointing earnings forecast for the fourth quarter. Texas Instruments said it expects profit in the period of between $1.13 and $1.39 a share, which at the midpoint was below Wall Street consensus of $1.41. For the third quarter, its adjusted earnings of $1.48 a share missed consensus by 1 cent. Revenue of $4.74 billion topped expectations of $4.65 billion.Tesla - Tesla dropped 0.8% heading into its third-quarter earnings report, which was scheduled for after the closing bell Wednesday.AT&T - Wireless carrier AT&T said more customers than Wall Street expected had switched to its cellphone plans over the third quarter, whileearnings and revenuefor the quarter were in line with analysts’ estimates. The stock fell 1.9%.Vertiv Holdings - Vertiv Holdings, the technology infrastructure company, posted third-quarter adjusted earnings that beat analysts’ forecasts and raised its full-year earnings expectations. Shares, however, declined 1.8%.Amphenol - Amphenol gained 3.6% as the electric connector manufacturer posted better-than-expected third-quarter earnings and sales, which rose 53% from a year earlier to $6.2 billion. Amphenol cited strong organic growth in virtually all its end markets, “including exceptional organic growth in the IT datacom market, as well as contributions from the company’s acquisition program.”GE Vernova - GE Vernova, the power-generation equipment company, reported third-quarter earnings before interest, taxes, depreciation, and amortizationof $811 million on sales of $10 billion, beating Wall Street forecasts on both metrics. Orders in the quarter rose 55% from a year earlier to $14.6 billion. The stock, however, declined 1.6%, reducing its gain this year to 75%.Winnebago - Winnebago Industries surged 28.5% after the motor home manufacturer swung to a fourth-quarter profit as sales rose 7.8% to $777.3 million. The company said the gains were “primarily due to favorable product mix and targeted price increases, partially offset by higher discounts and allowances.”Intuitive Surgical - Intuitive Surgical jumped 13.9% after the maker of robotic surgery systems posted third-quarter earnings that topped analysts’ estimates. The company also said it expects growth of its da Vinci robotic surgical system of between 17% and 17.5% this year, higher than its prior forecast for growth between 15.5% and 17%.Mattel - Mattel declined 2.8% after the toymaker’s third-quarter earnings and revenue fell short of expectations. North America sales declined 12% from last year, weighing on total sales, which fell 6%. CEO Ynon Kreiz said Mattel’s U.S. business “was challenged in the third quarter by industry-wide shifts in retailer ordering patterns.”Newmont Mining - Newmont rose 0.8% after tumbling 9% on Tuesday, the miner’s largest daily percentage decrease in about a year, as gold prices sank. Front-month Comex gold for October delivery lost $43.30 per troy ounce on Wednesday, falling 1.1% to $4044.40. Gold futures were trading down 0.6% at $4,086 an ounce.DraftKings - DraftKings rose 3.2% after the sports-betting site acquired prediction markets company Railbird Technologies and said it plans a mobile app that will allow users to trade contracts on the outcomes of events in finance, culture, and entertainment.Market NewsTesla Profit Falls Short Despite Record Sales, Hit by Higher Costs and Fading CreditsTesla reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.However, Tesla's profit failed to live up to analysts' expectations, in part due to tariff and research costs, as well as a drop in income from regulatory credits that are expected to continue to fade away with recent legislation passed by the Trump administration.Tesla's $1.45 trillion valuation largely reflects investor bets on CEO Elon Musk's pivot to robotics and AI, but vehicle sales remain key to the financial stability of the company while those products are being developed.US Mulls Curbs on Exports to China Made with US Software, Sources SayThe Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions, according to a U.S. official and three people briefed by U.S. authorities, Reuters reported.While the plan is not the only one being deliberated, it would make good on President Donald Trump's threat earlier this month to bar \"critical software\" exports to China by restricting global shipments of items that contain U.S. software or were produced using U.S. software.On October 10, Trump said in a social media post that he would impose additional tariffs of 100% on China's U.S.-bound shipments, along with new export controls on \"any and all critical software\" by November 1 without further details.US Hits Top Russian Oil Companies Rosneft and Lukoil with SanctionsU.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war.The U.S. Treasury Department said it was prepared to take further action as it called on Moscow to agree immediately to a ceasefire in Russia's war in Ukraine, which began in February 2022.The sanctions are a major policy shift for Trump, who had not put sanctions on Russia over the war and instead relied on trade measures. 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