What's on your mind?
$AMD(AMD.US)
AMD delivered impressive Q3 2026 results: revenue reached $13.4B (+45% YoY), adjusted EPS $2.09 (+74%), and data-centre revenue surged 97%. Q4 revenue guidance of $17B signals accelerating AI demand. Shares recently experienced volatility ahead of earnings. Long-term outlook remains attractive, but its premium valuation increases downside risk.
$Tesla(TSLA.US)$Meta Platforms(META.US)$Alphabet(GOOGL.US)
The S&P 500 is only about 3% below its record high, yet 60% of its stocks are already in a bear market, per Goldman Sachs
That means 3 in 5 members are down 20% or more from their 52 week highs, a setup Goldman trader Bobby Molavi calls a "stealth bear market"The Magnificent 7 have lost about $4 trillion in market value since Oct 15, and the Philly semiconductor index fell 7% last Friday to break below its 200 day average for the first time in a yearDemand isn't the problem. $Alphabet(GOOGL.US) Cloud revenue doubled, $Microsoft(MSFT.US) Azure grew 48% and $Amazon(AMZN.US) AWS grew 39%, its fastest pace in 5 yearsThe worry is the bill. The 4 biggest hyperscalers generated just $26B of combined free cash flow, and $Amazon(AMZN.US) long term debt jumped from $66B to $173B in 9 monthsMolavi also flags the spread between B and CCC rated bonds at 8 points, a level seen fewer than 5 times since 1996, and the S&P 500 was at least 11.5% below its high every timeThe index headline looks calm, but under the hood most stocks are already in a downturn while AI capex, not AI demand, sets the toneSource: StockMarket.News
$Alphabet(GOOGL.US) all out stop hit made coin on the remainder of the position. I will set an alert to watch near bottom of base for potential new entry.
Source: Sunrise Trader
$Alphabet(GOOGL.US) range trading using the 15 min chart. See sold orange lines and notes. Education only this is not a reason to follow blind or trade it.
Source: Sunrise Trader
Big Tech just lined up more than $60B of new bonds in about a week
$Microsoft(MSFT.US) sold $25B on Thursday, its first US bond deal since 2017$Meta Platforms(META.US) is seeking at least $20B across dollar and euro bonds, its first ever sale in euros$Oracle(ORCL.US) sold $10B of bonds Monday with coupons as high as 8.65%, alongside about $9.9B of new stock$Alphabet(GOOGL.US) raised €6B in Europe, its second euro sale this yearBig Tech had stayed out of the US bond market for almost three months after its last borrowing binge spooked investorsThe AI buildout is now being funded with debt, not just cash flow. $Meta Platforms(META.US), $Alphabet(GOOGL.US) and $Amazon(AMZN.US) all just reported negative free cash flow, so the real test is whether bond buyers keep saying yes at these pricesSource: StockMarket.News
$Microsoft(MSFT.US)
Context: Microsoft is better positioned to profit from the artificial intelligence (AI) spending race, thanks to its strong cash flow and growing ability to monetize AI across its businesses. While some of the largest hyperscalers are seeing their cash flows eaten up by the AI race, Microsoft seems better prepared to foot the bill — and, more importantly, profit from it. In the September quarter, Azure revenue grew 48%, while the company generated $18.6 billion in free cash flow despite massive infrastructure spending.As hyperscalers spend huge sums on AI infrastructure, Microsoft arguably has the strongest financial position to sustain these investments without hurting its broader business. In FY2026, Microsoft’s cash capital expenditures (capex) reached $116 billion, up from $44.5 billion just two years earlier. The company expects total capex, including finance leases, to reach around $170 billion in calendar 2026. Let’s look at the September quarter. Azure revenue grew 48% year-over-year, compared with 39% for Amazon’s AWS. Alphabet’s Google Cloud grew even faster, at 103%. More importantly, Microsoft generated $18.6 billion in quarterly free cash flow. Alphabet and Meta, meanwhile, reported negative FCF of $9.1 billion and $2.1 billion, respectively. Amazon recorded negative $42.4 billion in FCF over the past 12 months.
My Trade: Microsoft demonstrates why it remains fundamentally solid and their business decisions have led to a more steady share price. I'll look to hold for now.
Takeaway: How the tables have turned. Microsoft used to be one of the worst Mag 7 performer when Azure disappointed but now its strong FCF has driven up investors' confidence. @Captain's Treasure
Stock down hard: company trouble or sector drag? What are options betting on? 5 contest picks, each with a prompt to try. Share your chat for 288 Task Coins and a shot at a Pro card!
Last Friday, the Nasdaq fell 2.86%, its worst day since June; October saw a full-month decline of 5.2%, marking the weakest month since March 2025. From its peak on Oct 6, the Nasdaq 100 has already seen an intraday drawdown of over 10%, the third 10%-level correction this year; the S&P 500 only pulled back 3.1%. Intel plunged 28.6% in a single day, its steepest drop since 1974. Chart 1: Nasdaq 100 and S&P 500's three corrections this year, same scale (closing price, % from previous high). Let's first crunch one number. Based on closing prices...
