☀️ Uncle’s Morning Brief｜10.29
Microsoft rises, Google falls: AI stocks are starting to diverge as the market prices in profits.
CRYPTO
BTC around $81,290, with $82K as a key level to watch; macro uncertainty remains.
🇺🇸 U.S. stocks overnight
Dow +0.19%, S&P 500 +0.28%, Nasdaq +0.27%.
Microsoft Azure grew 48%, and shares briefly rose more than 5% after hours. Google Cloud grew 103%, but Alphabet’s EPS was just $2.12, well below expectations, sending shares lower after hours.
AI still has plenty of growth stories, but the market is starting to ask about profits and cash flow.
🇨🇳 Before the A-share open
The ChiNext rose 3.40% yesterday, with turnover of around 1.63 trillion yuan. Today, watch whether semiconductors can take the baton, trading volume can hold up, and gains can be sustained after a higher open.
🇭🇰 Hong Kong stocks
The Hang Seng Index closed at 23,095 in the previous session. Watch for divergence in tech stocks’ earnings.
🌏 Asia-Pacific
South Korea’s KOSPI rose 6.63%, and SK hynix’s operating profit jumped 632% year over year. The memory-chip outlook is strong, but A-shares still need to show they can attract buying support.
💎 Uncle’s take
The Fed held rates steady, but two dissenters favored a rate hike this time. That doesn’t mean a December hike is a certainty.
A-shares held up yesterday; today, watch whether they can keep it going. Focus on buying support, not chasing a higher open; focus on earnings, not just the narrative.
#Aİ #微软 #谷歌 #Fed
Microsoft rises, Google falls: AI stocks are starting to diverge as the market prices in profits.
CRYPTO
BTC around $81,290, with $82K as a key level to watch; macro uncertainty remains.
🇺🇸 U.S. stocks overnight
Dow +0.19%, S&P 500 +0.28%, Nasdaq +0.27%.
Microsoft Azure grew 48%, and shares briefly rose more than 5% after hours. Google Cloud grew 103%, but Alphabet’s EPS was just $2.12, well below expectations, sending shares lower after hours.
AI still has plenty of growth stories, but the market is starting to ask about profits and cash flow.
🇨🇳 Before the A-share open
The ChiNext rose 3.40% yesterday, with turnover of around 1.63 trillion yuan. Today, watch whether semiconductors can take the baton, trading volume can hold up, and gains can be sustained after a higher open.
🇭🇰 Hong Kong stocks
The Hang Seng Index closed at 23,095 in the previous session. Watch for divergence in tech stocks’ earnings.
🌏 Asia-Pacific
South Korea’s KOSPI rose 6.63%, and SK hynix’s operating profit jumped 632% year over year. The memory-chip outlook is strong, but A-shares still need to show they can attract buying support.
💎 Uncle’s take
The Fed held rates steady, but two dissenters favored a rate hike this time. That doesn’t mean a December hike is a certainty.
A-shares held up yesterday; today, watch whether they can keep it going. Focus on buying support, not chasing a higher open; focus on earnings, not just the narrative.
#Aİ #微软 #谷歌 #Fed
