Futures Up Amazon Soars Reddit Jumps

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Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
 

•  31 Oct 2025
 

•   AAPL  
   
  -0.38%
•   AMZN  
   
  +9.58%
•   COIN  
   
  +4.65%
•   GOOGL  
   
  -0.10%
•   MSFT  
   
  -1.51%

$AMZN is the star of the morning, surging 13% in premarket trading after delivering numbers that validate everything bulls have been saying about cloud infrastructure. When a company reports AWS growth of 20% the fastest pace in nearly three years and revenue hits $180.2 billion against expectations, you're not just looking at a good quarter. You're looking at proof that the AI infrastructure thesis is alive and very much kicking. The company's guidance for Q4, projecting between $206 billion and $213 billion in revenue, tells you management sees the momentum continuing through the holiday season. For those of us watching the AI build-out, Amazon's investments in companies like Anthropic are starting to show tangible returns in their cloud business.

$AAPL delivered $102.5 billion in revenue with 8% growth, but the iPhone story had a wrinkle sales came in at $49 billion versus the $50.1 billion analysts were expecting. Yet the stock is holding up because guidance came in strong, projecting 10% to 12% growth next quarter versus the 6% consensus. That's the kind of beat-and-raise dynamic that keeps institutional money flowing in, even when the headline numbers have blemishes. The international expansion and stabilizing demand for premium devices are doing the heavy lifting here.

$META had a brutal session, dropping 11% after reporting a nearly $16 billion tax charge that crushed the bottom line. It's a reminder that even the strongest growth stories can get hit hard when the unexpected lands on earnings day. The stock is trying to recover with a 1.1% bounce in premarket, but that kind of single-day carnage takes time to heal. When you're dealing with exceptional items this large, it doesn't matter how good the underlying business is the market reacts first and asks questions later.

$GOOGL posted one of its strongest growth quarters in years and lifted sentiment around digital advertising and cloud. This is the divergence that matters while Meta stumbled on accounting issues, Google executed cleanly and showed that the digital ad market still has plenty of room to run. The cloud business continues gaining share, and the AI integration into search and advertising products is starting to show up in the numbers. It's the kind of performance that reminds you why some names deserve premium multiples.

$MSFT reported strong earnings but also disclosed heavy AI infrastructure costs, creating a more nuanced picture than the headline beat suggested. Revenue came in above expectations, but the market is starting to ask harder questions about when all this AI spending translates into margin expansion. That's creating a more discerning environment where execution matters as much as vision. Microsoft is betting big on the future, but investors want to see the returns start materializing sooner rather than later.

$NVDA is getting attention after announcing new partnerships with major South Korean companies to expand global AI infrastructure. CEO Jensen Huang also commented that while he hopes to sell Blackwell chips to Chinese customers eventually, there are no immediate plans due to U.S. export restrictions. The stock climbed 2% on the Amazon news, which makes sense stronger cloud growth means more demand for the GPUs that power it all. It's a delicate balance for Nvidia, maintaining dominance in AI chips while navigating a complex regulatory environment, but so far they're threading the needle effectively.

$RDDT jumped 11% after reporting 74% advertising revenue growth and daily active users surging to 116 million. This is one of those momentum plays that shows the market still has an appetite for newer tech names with strong growth metrics. Reddit is proving that social platforms can still scale user bases and monetize effectively, even in a crowded landscape. The advertising revenue acceleration is particularly impressive given the broader economic uncertainties.

$WDC spiked 11% on a 27% revenue increase driven by AI-related data storage demand. This is the picks-and-shovels play working exactly as it should when companies build out AI infrastructure, they need massive amounts of storage capacity. Western Digital is benefiting from that structural trend without the same level of competition or regulatory scrutiny that chip makers face.

$COIN climbed 4.3% on strong trading fee revenue from crypto activity. With Bitcoin holding near recent highs and overall crypto market sentiment improving, Coinbase continues to benefit from increased trading volumes. The correlation between crypto prices and Coinbase revenue remains tight, so if you're bullish on digital assets, this gives you leveraged exposure through an equity.

$MSTR added 6.5% after reporting higher earnings and increasing its Bitcoin holdings to 640,000 coins. Michael Saylor's strategy of essentially turning the company into a leveraged Bitcoin proxy continues to work in this environment. As long as Bitcoin maintains its upward trajectory, MicroStrategy will keep attracting momentum traders and crypto enthusiasts looking for equity exposure.

$NFLX is climbing over 2% in premarket after announcing a 10-for-1 stock split aimed at making shares more accessible to employees in option programs. Beyond that, Reuters reported that Netflix is considering a bid for Warner Bros. Discovery's studios and streaming operations. If that deal happens, it would dramatically expand Netflix's content production capabilities and intensify competition with Disney and Amazon. The stock split is largely symbolic, but the potential M&A angle is legitimately interesting for the long-term competitive dynamics in streaming.

The Fed's messaging is creating an interesting setup. Powell basically told us a December cut isn't automatic "far from it" were his exact words and futures for that meeting have already adjusted lower. Add to that the Fed's decision to stop balance sheet reduction starting December 1st, and you've got a central bank that's simultaneously easing and tightening the reins. It's the kind of mixed signal that usually creates volatility, but so far the market is choosing to focus on the rate cut that happened rather than the one that might not.

Under the surface, there's a shift happening in how investors are evaluating these tech giants. Revenue growth alone isn't enough anymore. The question everyone's asking is whether the massive AI spending is going to translate into near-term profitability, or if we're in for a longer build-out phase. That's creating a more discerning environment where the quality of growth matters as much as the quantity.

The S&P 500 is extending its monthly winning streak to six months, but that rally is being fueled by capital flows more than earnings growth, according to strategists. Bank of America data shows $17.2 billion flowed into global equity markets in the week ending October 29th. When flows are driving the action rather than fundamentals, you have to stay alert. As one fund manager put it, "if the money stops flowing, we could see a sharp correction."

The geopolitical backdrop adds another layer. Treasury Secretary Scott Bessent mentioned the U.S. might return to trade negotiations with China in about a year, following recent agreements between Trump and Xi Jinping on tariff relief and export restrictions. That's a positive signal, but the road to a comprehensive deal is still long and rocky. Trade tensions could flare up again at any moment, and that's something to keep in the back of your mind when positioning for the months ahead.

The market rarely gives you perfect setups, but right now we're seeing enough strength in the leaders to keep the trend intact, combined with enough caution signals to prevent complacency. That's actually a healthy dynamic if you know how to read it. Keep your eyes on how these tech giants navigate the tension between AI spending and profitability in the coming quarters that's where the next major moves will be decided.

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