The U.S. Stocks “Super Earnings Week” Showdown: Tech Giants Burn Cash—Will Crypto Pay the Price?
October 28–29 marks the most pivotal “super week” of the U.S. Q3 earnings season, with giants including Microsoft, Google, Apple, and Amazon set to report in quick succession—all in the same window as the FOMC decision.
The key tensions traders need to watch:
Microsoft (tomorrow at 4:00 a.m.): The market’s biggest hope. Expectations are for Azure cloud growth to reach around 47%. Microsoft is also the only one of the four major AI players whose annual free cash flow has not yet turned negative. If capital spending exceeds expectations, the “AI is burning cash” narrative could spark another sell-off in tech stocks.
Google (tomorrow at 4:00 a.m.): Revenue is expected to come in at 127.8 billion. Its free cash flow turned negative in a rare reversal previously (-5.9 billion), and the market is now highly averse to the idea of it “taking on leverage or issuing debt to fund AI.”
The macro link to crypto: Tech giants are devouring cash to power AI computing, with Meta, for example, committing to as much as 825 billion in future spending. If these giants report disappointing results or announce further increases in capital spending, liquidity in U.S. equity markets will tighten further. The crypto market, already seeing ETF outflows, will face an even tougher liquidity-drain test.
Tonight brings not only the Fed’s “starting gun” (2:00 a.m.), but also the tech giants’ “cards on the table.” Will capital seek safety, or pile into AI? Short-term volatility is bound to be intense.
Disclaimer: This is solely a summary of publicly available information and macro market analysis, and does not constitute investment advice.
#股票财报季 #微软财报能否兑现ai红利 #FOMC $MSFTB $GOOGLB
October 28–29 marks the most pivotal “super week” of the U.S. Q3 earnings season, with giants including Microsoft, Google, Apple, and Amazon set to report in quick succession—all in the same window as the FOMC decision.
The key tensions traders need to watch:
Microsoft (tomorrow at 4:00 a.m.): The market’s biggest hope. Expectations are for Azure cloud growth to reach around 47%. Microsoft is also the only one of the four major AI players whose annual free cash flow has not yet turned negative. If capital spending exceeds expectations, the “AI is burning cash” narrative could spark another sell-off in tech stocks.
Google (tomorrow at 4:00 a.m.): Revenue is expected to come in at 127.8 billion. Its free cash flow turned negative in a rare reversal previously (-5.9 billion), and the market is now highly averse to the idea of it “taking on leverage or issuing debt to fund AI.”
The macro link to crypto: Tech giants are devouring cash to power AI computing, with Meta, for example, committing to as much as 825 billion in future spending. If these giants report disappointing results or announce further increases in capital spending, liquidity in U.S. equity markets will tighten further. The crypto market, already seeing ETF outflows, will face an even tougher liquidity-drain test.
Tonight brings not only the Fed’s “starting gun” (2:00 a.m.), but also the tech giants’ “cards on the table.” Will capital seek safety, or pile into AI? Short-term volatility is bound to be intense.
Disclaimer: This is solely a summary of publicly available information and macro market analysis, and does not constitute investment advice.
#股票财报季 #微软财报能否兑现ai红利 #FOMC $MSFTB $GOOGLB
