🔍 Street Takeaways - Alphabet Q3 Earnings ($287.71 -$37.18) Overview: • Shares (11.4%). Revenue +24.7% y/y missed by (0.3%). Services missed on the top line as Ads were below by (1.9%) while Cloud mitigated beating by 6.9%. • GAAP operating margin on gross revenue (210bps) y/y missed by (190bps); OM on net revenue +80bps y/y and below by (230bps). FCF ($9.07B) was ($6.37B) below consensus. • Full-year 2026 CapEx guidance remains $195B-$205B with significant increase expected in 2027. • Analysts were mixed following the print. Slight miss in the quarter was attributed to deceleration in Search more than offsetting GCP revenue +103% y/y. Those leaning more hesitant feel pending transition to agentic experience presents material execution risk for search monetization. Others more positive call out multiple reasons for Buy including AI platform development, rather than new products, and competition for compute maximizing ROICs on Capex. RSI investment and cadence of innovation across AI stack also cited underscoring constructive views. $GOOG $GOOGL #Google# #Earnings# #TechEarnings# #Tech# #GoogleCloud# #FCF# #EPS# #GCP# #GoogleSearch# #CloudRevenue# #AI# #AgenticAI# #Capex# #CloudComputing# #FinTwit# Gain immediate access to earnings insights with #StreetAccount#:

💻 Street Takeaways - $AMD Advanced Micro Devices Q3 Earnings ($506.59 +$22.69) Overview: • Shares are trading +4.2% following EPS beating consensus by +7.2%/$0.14. Revenue came in +2.1% higher, as DC and Embedded beat by +3.6% and 2.8%, while Client missed by (4.2%), and Gaming beat by +16%. Gross margin missed consensus by (10bps), while opex was (2.7%) light, driving operating margin +130bps higher. Capex was (2%) below expectations, with FCF (30.1%) light. • Management guided Q4 revenue +4.4% above consensus, with a gross margin (30bps) light, and opex (6.5%) below. CY27 revenue growth was guided >80% y/y, with CPU >100% vs 70% prior, and DCAI growth now materially >100%. Notably, management expects CY27 opex to grow at less than half the pace of revenue. • Analyst commentary skewed positive, as strong results/guidance coincided with constructive 2027 commentary. Some pointed out that the solid results follow incremental weakness from INTC, and argued the beat/raise was likely a surprise. Most expect that DC strength is able to offset weakness from Client/Gaming, and noted that the Co expects to outperform the anticipated DD% CY27 industry decline (10% from INTC). CY27 color was a highlight, as growth expectations moved largely higher and coincided with durable GM commentary, and expectations for muted opex vs top-line growth, implying added O/L and margin expansion. Overall, analysts were incrementally positive, while some continue to see risks from component supply, DC readiness, and competition, and view the risk/reward as balanced given the premium to peers. $AMD #AdvancedMicro# #Earnings# #AI# #Semiconductors# #DataCenter# #AI# #AIChips# #MarginExpansion# #FinTwit# #ChipStocks# #TechEarnings# #Tech# Gain immediate access to earnings insights with #StreetAccount#:

📦Street Takeaways - Q3 Earnings ($243.79) Overview: • Shares (7.3%) premarket, EPS missed, rev below as weaker NA and International revenue offset stronger AWS. Within revenue, online/physical stores and advertising missed, 3P seller services, subscription services and other beat, while Op margin was 90bps above, and Capex was sharply ahead. • Mgmt. guided Q4 Revenue ~inline, Op income below at the midpoint, while FY capex was reaffirmed. • Analysts mostly upbeat despite the mixed print, highlighting strong AWS growth acceleration, offsetting softer retail trends and a sharp deceleration in advertising, attributed mainly to Prime Day timing. Focus remains on AWS momentum, supported by the Co's strong backlog, AI demand and expectations of ~40% growth through FY28, while opportunities in grocery, pharmacy, logistics and agentic commerce were seen as further drivers of growth. • While there were some reservations around rising FY27 capex and near term advertising trends, improving op margin, infrastructure efficiencies and confidence in the Co's ability to generate strong returns on AI investment supported the bullish sentiment and expectations for further earnings growth and market share gains. $AMZN #Amazon# #Earnings# #Q3Earnings# #AWS# #CloudComputing# #AgenticCommerce# #AI# #Capex# # #PrimeDay# #Ecommerce# #MegaCap# #TechEarnings# #FinTwit# #Tech# Gain immediate access to earnings insights with #StreetAccount#:

StreetAccount Wednesday morning check-in: • AI trade outperforming again with heightened focus on favorable fundamental backdrop highlighted by earnings. SK Hynix the highlight following a big beat and comments about LTAs with 14 major customers covering 50%+ of its production capacity for 2027 and 2028, along with expectations for memory demand to outpace supply through 2030 (and $75B capital return). While AI earnings read-throughs were upbeat elsewhere in tech, some focus on a high bar. Renewed divergence between AI trade and breadth another area of scrutiny (one of the takeaways from Tuesday's trading). Oil strength the other big story today with report White House has told Gulf allies to prepare for a possible short-but-intense military campaign against Iran after the midterms. However, this has already been the consensus view (and oil has repriced for kinetic risk in recent weeks). FOMC meeting this afternoon increasingly framed as a likely non-event for stocks, while market much more interested in earnings from Microsoft and Google after the close (and Amazon the next day). Cloud revenue/backlog growth the key area of focus amid the myriad moving pieces surrounding capex and monetization dynamics. $MSFT $AMZN $GOOGL #SkyHynix# #MarketUpdate# #AI# #Equities# #Markets# #AIInfrastructure# #Memory# #HBM# #CloudComputing# #Capex# #Monetization# #CloudRevenue# #TechEarnings# #Earnings# #Oil# #Iran# #MiddleEast# #FOMC# #WhiteHouse# #Fed# #InterestRates# #FinTwit# Gain immediate access to unparalleled insights with #StreetAccount#:

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TECH STOCKS RALLIED AHEAD OF MAJOR TECH EARNINGS AND THE FED’S RATE DECISION, WITH THE NASDAQ 100 UP 1.3% AND THE SEMICONDUCTOR INDEX GAINING 3.6%. META’S $25 BILLION SHARE SALE WAS FIVE TIMES OVERSUBSCRIBED, WHILE ORACLE EXPANDED ITS AI PARTNERSHIP WITH OPENAI USING CEREBRAS CHIPS.