Three trending topics at noon, put together, are really all about the same question: Can money spent bring in cash flow?
1. Alphabet, Google's parent company, closed down 12.64% on Thursday, its biggest single-day drop since going public, wiping out nearly $500 billion in market value in a day. Third-quarter revenue was $127.58 billion, up 25% year over year but below expectations. Free cash flow was negative $9.1 billion, while its full-year capital expenditure forecast remained unchanged at $195 billion to $205 billion.
2. Intel reported third-quarter revenue of $16.51 billion and adjusted earnings per share of $0.52, both better than expected, but its shares still fell more than 20% after hours. The drag was its guidance: fourth-quarter revenue is forecast at $15 billion to $16 billion, below the market expectation of $17 billion, and adjusted earnings per share are expected to be just $0.25. Revenue from its data center and AI businesses rose 78% to $7.3 billion, while PC revenue fell 5% to $8.1 billion. Rising memory prices are now eating into demand for complete systems.
3. In this morning's S16 LPL clash, TES dropped the first game but came back to win the next two, beating BLG 2–1. With three wins and one loss, TES secured a place in the top eight. 369 earned MVP in two consecutive games, while BLG fell into the 2–2 do-or-die round.
My take: The market is no longer rewarding stories; it's rewarding cash flows that add up. $BTC has also fallen below $77,000, and risk assets are running out of patience at the same time. What do you think the next earnings report to get voted down by the market will come from: AI hardware or applications?
#美股财报 #S16
1. Alphabet, Google's parent company, closed down 12.64% on Thursday, its biggest single-day drop since going public, wiping out nearly $500 billion in market value in a day. Third-quarter revenue was $127.58 billion, up 25% year over year but below expectations. Free cash flow was negative $9.1 billion, while its full-year capital expenditure forecast remained unchanged at $195 billion to $205 billion.
2. Intel reported third-quarter revenue of $16.51 billion and adjusted earnings per share of $0.52, both better than expected, but its shares still fell more than 20% after hours. The drag was its guidance: fourth-quarter revenue is forecast at $15 billion to $16 billion, below the market expectation of $17 billion, and adjusted earnings per share are expected to be just $0.25. Revenue from its data center and AI businesses rose 78% to $7.3 billion, while PC revenue fell 5% to $8.1 billion. Rising memory prices are now eating into demand for complete systems.
3. In this morning's S16 LPL clash, TES dropped the first game but came back to win the next two, beating BLG 2–1. With three wins and one loss, TES secured a place in the top eight. 369 earned MVP in two consecutive games, while BLG fell into the 2–2 do-or-die round.
My take: The market is no longer rewarding stories; it's rewarding cash flows that add up. $BTC has also fallen below $77,000, and risk assets are running out of patience at the same time. What do you think the next earnings report to get voted down by the market will come from: AI hardware or applications?
#美股财报 #S16