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Meta's third-quarter revenue rose 26% to $51.24 billion, beating expectations and confirming strong ad and engagement momentum. Adjusted EPS hit $7.25, though a one-time $15.9 billion tax charge cut GAAP earnings to $1.05. Management said capital expenditures and infrastructure costs will be "notably larger" in 2026 as the company ramps up AI and AR investments, pushing margins lower in the near term.

Why it matters: Meta's ad business is healthy, but its spending curve shows how quickly AI leadership can turn from a catalyst to a cost problem if growth slows.

Source: Benzinga, Zacks Commentary

Alphabet posted $102.35 billion in revenue, up 16% year over year, and $2.87 in EPS, beating forecasts and highlighting continued ad and cloud strength. The company also raised its 2025 capex guidance to $91-93 billion, citing Gemini's 650 million monthly active users and a $155 billion Google Cloud backlog. Shares jumped 5% after hours.

Why it matters: Google's AI scale is paying off, but record-high spending underscores that the race to own infrastructure comes with a serious cash-flow trade-off.

Source: Benzinga

Microsoft reported $77.7 billion in revenue and $4.13 in EPS, beating estimates for the fourth straight quarter. Cloud revenue surged 25% to $49.1 billion, fueled by Copilot adoption and an expanded OpenAI partnership that adds roughly $250 billion of future Azure demand.

Management still warned of near-term constraints: limited Azure capacity through year-end, margin pressure from higher GPU and CPU costs, and a sharp rise in capital expenditures for new data centers.

Why it matters: Microsoft's AI and cloud engine remains unmatched, but the cost of staying ahead is rising fast, so investors should expect strong growth alongside temporary margin compression.

Source: Motley Fool, Zacks Commentary

Nvidia briefly hit a $5 trillion market cap after reporting 56% revenue growth to $46.7 billion and net income of $26.4 billion, with data-center demand and margins above 50%. New catalysts include the Rubin AI platform, PC and robotics chips, and the potential reopening of Chinese export channels.

Why it matters: Nvidia is the undisputed AI winner for now, but at this size every slowdown or policy change could ripple through the entire market.

Source: Motley Fool, Benzinga

UnitedHealth beat third-quarter expectations with $2.92 in EPS and raised full-year guidance to at least $16.25. Membership grew to 50 million, driven by strong UnitedHealthcare and Optum performance, though its medical-care ratio rose to 89.9% amid higher patient utilization.

Why it matters: UnitedHealth shows that steady earnings and healthcare demand remain reliable, even as inflation and utilization pressure profitability.

Source: Benzinga, Zacks Commentary

Boeing shipped 160 aircraft last quarter, its highest total since 2018, and reported a record $635.7 billion backlog. A $4.9 billion pre-tax charge tied to 777X delays and an ongoing machinist strike still threaten progress, and the company's $53 billion debt pile remains a drag despite rising free cash flow.

Why it matters: Boeing's production recovery is real, but labor unrest and ballooning costs make the turnaround fragile.

Source: Benzinga

Shopify's shares have jumped about 20% in a month thanks to strong results, including $2.68 billion in revenue and $0.35 in EPS, along with upgraded fiscal-year outlooks. Analysts expect EPS growth of 11-21% and sales up roughly 26%, but the stock trades around 119x forward earnings and a PEG ratio of 6.

Why it matters: Shopify's growth engine is impressive, but its premium valuation means even a small miss could cause a big pullback.

Source: Zacks Commentary