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29.10.26 - 14:24
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Tech Futures Tumble As Alphabet Plunges, Small Caps Rise Ahead Of PCE, ECB (ZeroHedge)
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Tech Futures Tumble As Alphabet Plunges, Small Caps Rise Ahead Of PCE, ECB
US futures are lower, with Nasdaq contracts sliding as Alphabet's ugly search miss revived the "is AI capex paying off" debate, while Microsoft's Azure beat and lighter capex, a roughly 1% drop in oil on fresh US-Iran diplomacy chatter and news that Christine Lagarde will quit the ECB nine months early round out the morning's drivers; as a result small caps outperform while the 10Y yield hovers just around 5%. As of 7:30am ET, S&P futures are 0.3% lower at 7,768 while Nasdaq futures are down about 1% and Dow futures are flat; Russell 2000 futures are up 0.5%. Yesterday the S&P 500 rose 0.28% to 7,744, closing within 1% of its record high after the Fed's on-hold decision, while the Philly semi index gained 1.75% led by an 11% surge in Oracle. In premarket trading, Mag 7 names are mixed: Alphabet plunges 10% after search and advertising sales missed, confirming our article from last night, while Micr...
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29.10.26 - 12:06
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Alphabet Failed Wall Street’s New AI Test. Amazon Takes It Tonight. (24/7 Wall St.)
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This week Wall Street set a new rule for AI companies: heavy capex is fine as long as you show the payoff. Amazon (NASDAQ:AMZN) reports third-quarter results after the close today. AWS growth measured against capex will decide how the stock responds. Alphabet Flunked, Oracle Passed, Microsoft Delivered Alphabet (NASDAQ:GOOGL) missed EPS consensus by 28.52% […]...
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29.10.26 - 09:24
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What Wall Street Really Thinks About the AI Trade Now (Bloomberg)
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It has been a big week for the AI trade — we've seen wobbles in the market, many of them in response to headlines like the Anthropic S-1 and earnings from the hyperscalers (Oracle, Microsoft, etc.). So what does Wall Street make of all the news, and how are they processing an increasing sense that the laws of the economy barely apply to AI? Today, we speak with Alexander 'Alty' Altmann, global head of equities tactical strategies at Barclays, and he helps us make sense of how Wall Street really feels about the AI trade right now. We also talk about the KOSPI-fication of the S&P 500, if there are any historical precedents for the capex going into the AI buildout, and if AI is really immune to interest rates. (Source: Bloomberg)...
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29.10.26 - 09:01
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What Wall Street Really Thanks About the AI Trade (Podcast) (Bloomberg)
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It has been a big week for the AI trade — we've seen wobbles in the market, many of them in response to headlines like the Anthropic S-1 and earnings from the hyperscalers (Oracle, Microsoft, etc.). So what does Wall Street make of all the news, and how are they processing an increasing sense that the laws of the economy barely apply to AI? Today, we speak with Alexander 'Alty' Altmann, global head of equities tactical strategies at Barclays, and he helps us make sense of how Wall Street really...
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29.10.26 - 08:27
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Oracle Overweight (DPA-AFX)
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NEW YORK (dpa-AFX Analyser) - Die US-Bank JPMorgan hat Oracle mit einem Kursziel von 200 US-Dollar auf "Overweight" belassen. Auf dem Investorentag habe sich der Softwarekonzern der wichtigsten Sorgen der Anleger wegen des weiteren Kapitalbedarfs angenommen, ......
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