--- title: "β˜•οΈ [Task Coins Giveaway] Daily Market Talk β€” Tesla Cuts Capex, Meta Raises It" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000949484.md" description: "Tesla and Meta reported the same night and made opposite calls on AI spending. One cut its budget, the other raised it. At home, banks are easing back after Wednesday's gains. Let's dig in πŸ‘‡πŸ’¬ Tesla cu..." datetime: "2026-10-22T02:57:49.000Z" locales: - [en](https://longbridge.com/en/topics/100000000949484.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000949484.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000949484.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # β˜•οΈ [Task Coins Giveaway] Daily Market Talk β€” Tesla Cuts Capex, Meta Raises It Tesla and Meta reported the same night and made opposite calls on AI spending. One cut its budget, the other raised it. At home, banks are easing back after Wednesday's gains. Let's dig in πŸ‘‡ **πŸ’¬ Tesla cut its AI budget and Meta raised it. Which one is reading the cycle right?** ## πŸ“Š Quick Recap β€” What Moved & Why ### πŸ‡ΊπŸ‡Έ US β€” Two Opposite Bets on AI Spending **πŸ”‘ Key Event:** $Tesla(TSLA.US) cut its full-year capital spending target to about $20 billion from over $25 billion. $Meta Platforms(META.US) raised the floor of its own to $135 billion. **Their cash flows moved in opposite directions.** **πŸ‘€ Other to Watch** - $Dow Jones Industrial Average(.DJI.US) β†’ **+0.69%**, $S&P 500(.SPX.US) **+0.58%**, $NASDAQ Composite Index(.IXIC.US) **+1.05%**, all settled before the results landed. - $Tesla(TSLA.US) β†’ closed **+3.41%**. Profit fell about 43%, but free cash flow turned positive against forecasts of a burn. - $Meta Platforms(META.US) β†’ closed **+0.47%**. Revenue grew 26%, but a $9.89 billion legal settlement cut operating profit 37%. - $Lam Research(LRCX.US) β†’ closed **-1.00%** on record revenue, up 54%, though its outlook disappointed. $IBM(IBM.US) beat and $Texas Instruments(TXN.US) guided higher. - $NVIDIA(NVDA.US) β†’ closed **+2.54%** after unveiling its DSX POD factory design at GTC Berlin. > @Gene Munster : Elon suggests the EV winter is ending, targeting 5 million vehicles a year from 2030. ### πŸ‡ΈπŸ‡¬ Singapore β€” Banks Give a Little Back **πŸ”‘ Key Event:** $FTSE Straits Times Index(STI.SG) closed Wednesday **+0.63%** at 5,437.99, led by $UOB(U11.SG) **+1.40%** and $OCBC Bank(O39.SG) **+1.18%**, with $DBS(D05.SG) also up. **All three eased this morning.** **πŸ‘€ Other to Watch** - $Frasers Cpt Tr(J69U.SG) β†’ FY26 net property income rose 15.7% and distributions per unit rose 8.2%. - $Lion-phillip S-Reit(CLR.SG) β†’ flat at 0.743, still just above its 52 week low. - $Sea(SE.US) β†’ fell another **-3.10%** to $77.94, down about 12% in two days. - **SGX listings** β†’ Singapore will publish free IPO guides and warned listed firms off illegal land burning. > @JPJP : This rate-driven correction is a chance to accumulate high yield local names. > @ももさん : Singapore industrial and business park REITs are in an extended pullback on rate uncertainty. ### πŸ‡­πŸ‡° HK/China β€” The Selloff Arrives From New York **πŸ”‘ Key Event:** $Hang Seng Index(00HSI.HK) closed Wednesday **-0.90%** at 23,651.87, then extended the slide this morning. $BABA-W(09988.HK) broke below HK$100, about **-5%** as of mid-morning. **πŸ‘€ Other to Watch** - $TENCENT(00700.HK) β†’ down about **-3%** this morning, a one year low per ET Net, with Hang Seng Tech under 4,000. > @Rainwijaya : My Tencent leveraged long is down 64%, so I have stopped adding and am reassessing. ### 🌎 Other to Watch - πŸ‡ΊπŸ‡Έ Ken Griffin β†’ called an AI bubble almost certain, while still telling investors to hold the survivors. - πŸ‡ΊπŸ‡Έ Fed β†’ a Reuters poll puts the rate peak at 4.00-4.25%, with the next decision on 28 October. - πŸ‡°πŸ‡· Korea β†’ chip exports jumped 222.5% in October's first 20 days, per customs data. ## πŸ“… Upcoming Key Events | **When (SGT)** | **What** | | -------------- | -------- | πŸ‘‡ Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates Β· ⏰ Deadline: Oct 22, 2026, 11:59 PM SGT Not investment advice, just market talk πŸ™ ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [U11.SG](https://longbridge.com/en/quote/U11.SG.md) - [TXN.US](https://longbridge.com/en/quote/TXN.US.md) - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md) ## Comments (26) - **NewUser_ThinkSwim Β· 2026-10-22T10:12:55.000Z**: Today Singapore banks and other indexes closed negative. Both Meta and Tesla have despite estimated revenue beat will be opening negative. So I would see it that this month will be very very volatile with movements going both directions before opening either very much positive or gap down negatively - **The Β· 2026-10-22T10:05:38.000Z**: Dow Jones, S&P 500, Nasdaq, Tesla, Meta Platforms, and Nvidia US Stocks increase.Good news that now local Straits Times Index, local banks, and Frasers Cpt Tr prices rise. But Hong Kong stocks decrease. Hope other lower stocks’ prices will improve. - **melph Β· 2026-10-22T10:04:34.000Z**: The market rewarded $Meta Platforms(META.US) for spending more and punished $Tesla(TSLA.US) for spending less, and I think that comes down to proof. Meta's revenue grew 26% to a record 64.6 billion USD and its shares rose after hours even as it lifted its capex forecast to as much as 145 billion USD - **Fattycat Β· 2026-10-22T09:35:59.000Z**: Gold is trending lower before next week Fed meeting. 4k is an important support level. ☺️. - **VincentRaja Β· 2026-10-22T09:20:24.000Z**: hi - **Jay el Β· 2026-10-22T08:37:22.000Z**: Nice - **koolgal Β· 2026-10-22T07:50:59.000Z**: Why XLE ETF is The Geopolitical Hedge With the Iran War🌟🌟🌟With the escalating Iran war, the Strait of Hormuz is blocked. Brent Crude Oil is trading well over USD 100, hovering around USD 111.00 per barrel. The result? $SPDR Energy Select(XLE.US)has jumped into a 52 week high of USD 68.64.For those - **dingdongbell Β· 2026-10-22T07:15:37.000Z Β· πŸ‘ 1**: The market looks like it is figuring out where to go. Tech has been sold off quite a bit as we go towards a seasonally strong period. - **optionspuppy Β· 2026-10-22T06:29:48.000Z**: πŸ“Š 22 October 2026 β€” Today’s Market WatchπŸ‡ΊπŸ‡Έ 1️⃣ US Earnings: P&G, Blackstone and ComcastInvestors will be watching results from Procter & Gamble, Blackstone and Comcast for clues about consumer spending, private-market investment activity and the health of the US media and broadband businesse - **Heroic Lifesaver Β· 2026-10-22T06:24:31.000Z**: I like the way the market is shaping up. As well as market sentiment. I was hoping for another flush down on SMH off this ongoing fourth wave to complete the C wave into the month’s end. From premarket action, looks like the market wants to complete it fast! - **ah_head Β· 2026-10-22T06:03:12.000Z**: Very good - **Ally Β· 2026-10-22T05:28:37.000Z Β· πŸ‘ 1**: Looking forward to the next fed decision on 28 October since it has a rippling effect to SG stocks as well - **Valenxis Β· 2026-10-22T05:05:58.000Z Β· πŸ‘ 1**: tsla and meta taking different approach to big spending, lets see what the outcome will be in time to come. maybe both stock prices will move the same direction despite the differences. no right or wrong. hah - **win win Β· 2026-10-22T04:40:19.000Z Β· πŸ‘ 1**: Tesla, the giant EV car maker in the world cut spending on its AI, but Meta, a giant social media player in the world makes the opposite side to increase spending on its AI. don't know which one to follow - **Darkwinter Β· 2026-10-22T04:37:45.000Z Β· πŸ‘ 1**: End October to see what Fed says.. it’s probably going to be status quo with comment about inflation risk - **Shyuan Β· 2026-10-22T04:26:43.000Z**: I am curious to see how it will affect stock prices - **NewUser_haM7L1 Β· 2026-10-22T04:23:15.000Z**: ,,πŸ‘ - **NMKoh Β· 2026-10-22T04:21:52.000Z Β· πŸ‘ 1**: High risk, low reward for taking on the market at this moment in time. I will wait for a clear picture of how things turn out. - **relf Β· 2026-10-22T04:04:10.000Z Β· πŸ‘ 1**: Not the best result from Tesla but future prospects still on track. Meta's results look tricky from yoy comparisons due to different one off items but valuation is still on the lower side. - **Fattycat Β· 2026-10-22T04:03:43.000Z Β· πŸ‘ 1**: Hang Seng and hang Seng tech index free fall for days / weeks and the government is not doing anything 🫣pray for the strong recovery. - **LazyCat** (2026-10-22T08:38:03.000Z): oh nooo..... national team still on holiday? or out of dry powder? - **Fattycat** (2026-10-22T08:41:33.000Z): Drop 5% madness. That is terrible. Drop like nobody business . No one dare to invest HK stocks . --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**