But this time, what Wall Street really wants to know might not be how much the EPS beat is.
Instead, it’s a question worth tens of trillions of dollars:
With all that money being burned by AI—are they actually starting to make profits yet?
In the past few years, tech giants have been疯狂 buying GPUs, building data centers, and racing for power and compute capacity.
Now the pressure is starting to show:
🤖 AI demand is still exploding 💰 Cloud providers’ capital expenditures continue to expand 🔥 Orders for AI chips and memory remain tight ⚠️ But the market is starting to ask: how long before the spending turns into profits?
Micron’s latest earnings report has already sent a signal—demand for AI infrastructure remains strong, and customers’ long-term purchasing commitments continue to increase.
But the real test is still ahead.
If the next round of tech giant earnings proves that:
AI revenue growth > AI spending growth
the market may once again price in the “AI productivity revolution.”
On the other hand, if profits can’t keep up with capital expenditures—
then these currently expensive AI valuations will, for the first time, truly face scrutiny.
And it’s not just about the US stock market.
Once tech-sector risk appetite changes, BTC and the entire crypto market could be repriced as well.
So for this earnings season, I’m only watching one question:
Is AI starting to print money—or still burning it?
Looking back at the regulatory path of the crypto industry—it’s actually quite interesting.
2022: The SEC sued everywhere; people said, “Regulation is trying to kill crypto.”
2023: The Bitcoin futures ETF got approved; people said, “It’s just futures, not spot.”
2024: Spot ETFs got approved; institutional capital poured in on a large scale. 2025: RWA explodes, and stablecoin legislation is pushed forward.
September 2026: The SEC opens up pilot programs for tokenized stocks.
Did you notice? Every time the industry moved one step forward, there were people back then saying it was “not enough,” “too slow,” or “not useful.”
But when you look at it all together from hindsight, this road has always been extending forward—never stopping.
From “Is crypto a scam?” to “Can crypto be regulated?” to “Can ETFs be approved?” to “Can tokenization be done?”—the level of the questions keeps getting higher, and the industry’s boundaries keep expanding.
Many people like to ask, “When will the bull market come?” But a bull market isn’t a specific point in time—it’s a stretch of road.
You’re walking down the road, then you look back and realize— you’ve already come this far.
🎉🎉Big positive news for investors: tttt 🔥 Major catalyst— a brand-new Meme super-asset is coming!
👉 Everything begins with the “one” after two posts: Everything begins with numbers—the way is simple. This is a strong trend signal. Community consensus is stacking like crazy! Public-channel traffic explodes across the board.
First target: break through the remaining two zeros. Second target: go straight for Alpha IIII
24-hour live broadcast, community-made. CTO leads the charge—catch the opportunity where coin and stock appear together. A strong listing— Alpha Together we move forward, hand in hand, creating the future Everything begins with numbers Get ready, buckle up, be ready to launch into tttt Hold your coins steady—everything begins with numbers is about to take off!
🇨🇳 Happy National Day|A new month begins 🌅 Born under the red flag, growing in the spring breeze; wherever you look is China, where the five stars shine is faith ❤️
With steadfast resolve, calmly watch the cycles rise and fall 📈 Keep independent thinking, stay true to your heart—don’t chase the noise, simply wait for the flowers to bloom ✨ In this new month, may our homeland be forever safe and secure; we move forward steadily 🦋
The Fed’s hawkish cry is back! U.S. Treasury yields surge—where will the stock market go next?
U.S. stocks ended Wednesday with mixed performance. Although cooler PCE data briefly boosted the broader market, as Fed officials collectively released “hawkish” signals, both Treasury yields and the U.S. dollar index strengthened, weighing again on equities.
🚨 Fed turns uniformly hawkish: Is rate hikes not at the end? Kashkari (President of the Minneapolis Fed): Inflation is still about 3%, far above the 2% goal. The neutral interest rate may be higher than previously expected. He expects another rate hike this year and another in 2027. He also cautioned about risks of long-term supply shocks stemming from the situation in Iran.
Lisa Cook (Federal Reserve Board Governor): Inflation has been above target for more than five and a half years. She supports a 25-basis-point rate hike in September and emphasized how high energy and housing costs in rural areas squeeze household budgets.
Goolsbee (President of the Chicago Fed): He bluntly said that maintaining high inflation for a long time is “playing with fire.” Large fiscal deficits and market expectations of AI-driven productivity gains could both lead to the economy overheating.
📈 Market reaction: Treasury yields hit multi-year highs, and the dollar strengthens
Treasury yields leap higher: The intraday yield on the 10-year Treasury broke above 5.3%, while the 30-year rose to around 5.64%, both at the highest levels since 2002.
U.S. stocks whipsaw: The Dow fell by more than 440 points in a single day, and the S&P 500 closed lower. Only the Nasdaq ended higher against the trend, supported by technology stocks.
The dollar index holds firm: The dollar rose nearly 2% in September, posting its best monthly performance in half a year. The market has basically priced in a December rate hike. It is now expected that total tightening over the next 12 months will be about 90 basis points.
💡 Key observations and takeaways
1. Pressure on the transmission of borrowing costs: With 10- and 30-year Treasury yields serving as pricing anchors, their persistent surge is broadly lifting mortgage and corporate financing costs, creating clear drag on the real economy and equity valuations.
2. “Term premium” returns: Strong GDP data and the expansion of fiscal deficits have pushed investors to demand higher yields from long-term Treasuries. Safe-haven and high-yield Treasury assets have siphoned off some capital from parts of the crypto and equity markets. #美联储会议 #币安广场
🎉🎉 Major Win: Strong Catalyst Coming—#MEME New Super Target Is Here!
👉 Where does “everything follows numbers” come from? One note—two notes: Everything follows numbers. The Way is as simple as it gets. This is a powerful trend stock. Community consensus is stacking like crazy! Mainstream traffic is exploding across the board!
First target breaks the remaining two zeros; second target goes straight for Alpha #Alpha IIII
24-hour live broadcast, community-made, led by the CTO—catch the crypto-and-stocks co-movement window. Strong listing. Alpha Walk together, hand in hand, and create the future Everything follows numbers Get ready, fasten your seatbelt, be ready to board anytime #阿爾法 tttt Hold your coins steady—everything follows numbers is about to take off! #股票财报季
With $ZEC Up 143% and $UNI Surging 127% in a Single Month, the Altcoin Rally That's Been Building for Weeks Just Kicked Into an Entirely Different Gear. . claim here 👈🎁🧧🧧🧧🧧 . claim 2 👈🧧🧧🧧🧧🧧 .
Choppy consolidation, with extremely contracted volume—no clear direction yet between bulls and bears.
🔍 3 Key Observations
1. Range-bound grinding: Price is stuck at $2,650 – $2,720 Narrow-range oscillation, with moving averages tangled.
2. Lack of momentum: Trading volume steps down steadily; large players are waiting on the sidelines. Small orders can easily trigger wick-style spikes up and down.
3. Bitcoin “bleeding” liquidity: Funds are mainly in BTC; ETH lacks independent breakout catalysts and passively follows.
🎯 Key Levels Strong resistance: $2,800 – $2,820 (Only a reversal is confirmed with a breakout on rising volume) Short-term pressure: $2,710 – $2,730 Short-term support: $2,650 – $2,660
💡 Trading Strategy & Mindset Bias: [Neutral] Trade plan: [Wait and observe] Risk control reminder: In a narrow consolidation range, avoid chasing highs or selling lows. Or don’t blindly open leverage on a breakout—this easily leads to stop-outs from both sides. Wait for a breakout with volume above $2,730 or enter on a trend only after a breakdown below $2,650!
$BTC $ETH $BNB 🧧🧧🧧 🌞 Good morning. In this new day, may your smile be bright and luck begin right away 🍀 May wealth and good fortune shine into your life like sunlight Every effort will be rewarded, and surprises will accompany you along the way Tap like to bring good luck—today too, shine brilliantly!
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#国庆快乐 Happy National Day to everyone 🌺💫 All of China shares one destiny; the four seas celebrate together 🍎 With fireworks and mountains and rivers, may peace be with you year after year 🌻
A day of working hard to make money—chasing dogs, playing level one, thinking 🤔🤔, just makes me happy 😃😃😃😃😃😃. I’ve got 👉big red envelopes👉🧧🧧🧧🧧🧧🧧🧧 here—come claim them. Compete on speed with your hands,