AI Earnings Diverge, Tech Sells Off, BTC Breaks $80K | WEEX Weekly Recap (10.26-10.30)

Key Themes This Week

Markets shifted from pricing AI growth to scrutinizing returns on investment and earnings guidance. MSFT delivered strong cloud growth, but GOOGL’s reaction showed that revenue growth alone could not ease concerns about cash flow and capital spending. The Fed held rates, while GDP and PCE showed resilient growth and persistent inflation pressure. As tech shares retreated, BTC also fell below $80,000, signaling weaker cross-market risk appetite.

October 26 | Monday

Anthropic Files IPO Papers; Ripple Wins Final Trust Bank Approval | ★★★★☆
Anthropic filed IPO registration papers, while Ripple received final approval for a trust bank, drawing attention to crypto custody and stablecoin reserves. Market reactions were mixed: the Nasdaq gained about 0.8%, BTC slipped about 0.4%, and XRP showed little response to the approval.

Potential Trading Instruments:
Spot: QQQ, BTC
Futures: QQQ, BTC

October 27 | Tuesday

$63B AI Financing Lifts Chip Stocks; Nasdaq Gains 1.2% | ★★★★☆
A $63 billion AI-compute financing arrangement linked to Broadcom strengthened focus on AI infrastructure demand, and AVGO rose about 4%. The Nasdaq gained about 1.2%, while BTC rebounded roughly 1%. AI chips and crypto moved with risk appetite, though earnings remained the next test.

Potential Trading Instruments:
Spot: AVGO, QQQ, BTC
Futures: AVGO, QQQ, BTC

October 28 | Wednesday

Fed Holds Rates; SK hynix Posts Record Results | ★★★★★
The Fed held rates at 3.75%–4%, with two members dissenting in favor of a hike. The Nasdaq gained about 0.3%, while the rate outlook remained divided. SK hynix reported record quarterly results, and its shares rose as much as about 10.9%. After-hours reactions to MSFT and GOOGL diverged, shifting attention toward growth quality and returns on AI spending.

Potential Trading Instruments:
Spot: SKHY, MSFT, GOOGL, BTC
Futures: SKHY, MSFT, GOOGL, BTC

October 29 | Thursday

Sticky PCE, GOOGL Rout Hit Nasdaq; BTC Falls Below $80K | ★★★★★
Third-quarter GDP grew at a 3.4% annualized rate. September PCE rose 3.6% year over year, while core PCE rose 3.1%, keeping inflation concerns alive. GOOGL fell about 12.6%, the Nasdaq lost about 1.4%, and BTC briefly dropped below $80,000. After hours, AMZN fell about 6% and INTC dropped more than 15% at one point, as weak guidance intensified scrutiny of AI returns and tech valuations.

Potential Trading Instruments:
Spot: GOOGL, MSFT, AMZN, INTC, QQQ, BTC
Futures: GOOGL, MSFT, AMZN, INTC, QQQ, BTC

October 30 | Friday

ECI, Chicago PMI, and XOM/CVX Results Pending | ★★★★☆
As of the morning of October 30, third-quarter ECI, the October Chicago PMI, and third-quarter results from XOM and CVX had not yet been released. ECI will add a read on labor costs, Chicago PMI will gauge manufacturing activity, and the energy stocks’ next moves will depend on earnings and guidance.

Potential Trading Instruments:
Spot: CVX, QQQ, BTC
Futures: XOM, CVX, QQQ, BTC

Trading Roadmap This Week

Macro: The Fed held rates, but dissent and sticky PCE kept rate expectations unsettled.
AI: Investors shifted from AI growth to cash flow, capital spending, and earnings guidance.
Tech: GOOGL, AMZN, and INTC fell, underscoring the market’s sharper focus on execution and outlook.
Crypto: BTC broke below $80,000; monitor BTC and ETH volatility as risk appetite shifts.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.