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@kobeissiletter
Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com
Technology
Third-quarter revenue reached $13.4 billion, with non-GAAP diluted earnings of $2.09 a share.
World & Business
September-quarter revenue reached $3.74 billion, below analysts’ estimates, while adjusted earnings beat expectations.
World & Business
Quarterly revenue crossed $2 billion for the first time, while U.S. commercial revenue topped U.S. government revenue.
World & Business
Major indices surged, with one account putting the S&P 500 up 1.0%, Nasdaq 100 up 1.3% and Dow up 1.1%.
World & Business
Brent was reported down 4.39% at $108.47 and WTI 4.40% at $99.55; Goldman Sachs raised price forecasts citing disruption risks.
World & Business
The holiday-quarter forecast will draw attention because the iPhone Duo arrived after the quarter being reported.
World & Business
US GDP and business equipment investment reportedly grew 3.4% and 20.9%, respectively, with private domestic demand up 4.9%.
World & Business
Trump spoke by phone with Israeli PM Netanyahu on Oct 31, days after discussing Iran strike options with military commanders.
Technology
The Nasdaq Composite reportedly fell 2.86% on October 30; one commentator questioned whether AI spending supports tech valuations.
World & Business
The sought valuation reportedly dropped to $1.25 trillion, while roughly $11 billion in commitments has been reported.
Technology
Its proposed valuation reportedly fell from $1.4 trillion to $1.25 trillion.
Technology
The Financial Times reports Blackstone changed its guidance, potentially complicating financing for Anthropic's infrastructure plans.
AI
CEO Steve Huffman linked the plan to falling search referrals and efforts to deter scraping, Reuters reports.
World & Business
Alphabet fell ~10–13% on slower search growth and heavy AI capex; Intel dropped ~20–23% on weak Q4 guidance. Amazon missed on metrics while maintaining elevated capex. Earnings miss fueled AI stock rotation, broader tech weakness, and safe-haven bond flows.
World & Business
The Associated Press reports Circle and Tether executives described major freezes, while Binance asserted user funds were safe.
World & Business
CNBC reports Reddit beat third-quarter earnings and revenue estimates, but its fourth-quarter sales forecast fell short of Wall Street expectations.
World & Business
CNBC reports steady capital spending alongside the earnings miss; one post put Amazon's stock drop at 12%.
World & Business
Business Insider reports Philipp Schindler described scaling ads in AI Mode and AI Overviews to more queries.
World & Business
A post said ServiceNow expected 18.5% growth in its 12-month contract backlog, below Wall Street’s 19.8% estimate.
Technology
Yahoo Finance reports an advertising sales miss as Alphabet's rising capital spending deepened its negative free cash flow.
