WS #13118
Amazon and Microsoft earnings confirm AI capex translates into revenue, driving a global tech rally with KOSPI surging 14-18% and Nasdaq futures up 1%+. Three Fed officials dissented in favor of rate hikes, with Kashkari citing data center investments as adding to inflation, signaling potential tightening that could pressure high-multiple tech stocks. Apple beats Q3 estimates but Services revenue misses and memory cost inflation (RAMageddon) pressures margins, sending shares down 7.4% pre-market despite record iPhone sales.
AI/Cloud Earnings Rally
Amazon and Microsoft earnings confirm AI capex translates into revenue, driving a global tech rally with KOSPI surging 14-18% and Nasdaq futures up 1%+.
Three Fed officials dissented in favor of rate hikes, with Kashkari citing data center investments as adding to inflation, signaling potential tightening that could pressure high-multiple tech stocks.
Apple beats Q3 estimates but Services revenue misses and memory cost inflation (RAMageddon) pressures margins, sending shares down 7.4% pre-market despite record iPhone sales.