المنشور

Big Tech earnings. $10T on the line. Tonight + tomorrow: Apple, Microsoft, Meta, Amazon report. Nasdaq looks calm, but everyone’s gripping the armrest. The real question: is AI actually changing the world, or just the most expensive experiment ever? We start finding out now. Quick take: Apple — Boring but steady. iPhone prints cash, AI moves slow. Safest of the four. Microsoft + Meta — High risk. If Azure misses or capex doesn’t cool, expect instant pain. Meta’s test: can ads cover the burn? Amazon — Closes it. AWS needs >33% growth or the $200B infra story gets shaky. 3 things to watch: 1. Capex guidance — Google got slapped -5% after hours for overspending. Say “no limit” and watch stocks bleed. 2. Cloud growth — Azure and AWS prove if AI actually makes money. Slowdown = thesis breaks. 3. Free cash flow — Google went from $25.7B to negative. Microsoft and Amazon also fell off a cliff. Meta still burns $30B+/q. Another miss here and the AI narrative takes a hit. Semis feeling it too: SK Hynix, SanDisk, Micron all getting hit. Seatbelts on. 🚀 #DailyOrbit #FedRateDecision #BigTechEarningsNight