Amazon stock soars, Apple CEO predicts 'best-ever' holiday quarter, Reddit rises

October 31, 2025

Amazon stock soars, Apple CEO predicts 'best-ever' holiday quarter, Reddit rises

Breaking News

Image source: Unsplash

Markets are in the midst of the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar.

So far, the earnings season is off to a positive start. As of Oct. 24, 29% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 9.2% jump in earnings per share during the third quarter.

If that figure holds, it would mark the ninth straight quarter of positive earnings growth but a deceleration from the 12% earnings growth reported in Q2 of this year.

This week, five of the "Magnificent Seven" tech companies – Microsoft, Alphabet, Meta, Apple, and Amazon – representing about a quarter of the S&P 500, report results.

Other notable companies reporting updates this week include Boeing, Visa, Starbucks, UnitedHealth Group, Verizon, Mastercard, Chipotle, Merck & Co., Shell, Exxon Mobil, Chevron, Coinbase, Caterpillar, ServiceNow, Anheuser-Busch InBev, and Eli Lilly. Yahoo Finance reports.

EdgeUp

❓ Google is finding answers to its AI questions

If Google has already moved past its most perilous legal challenge and wiggled out of the perception of playing catch-up to its rivals, the remaining question is one of search economics: How can Google make money from AI without dismantling the foundation of its search business

In every quarter this year, and most resoundingly this week, Google's answer to that existential question is that artificial intelligence will expand its users' appetites for information.

Google's AI assistant, AI overviews, and AI Mode may eventually supplant the legacy search bar that has built the company.

But the search giant's first $100 billion quarter suggests cannibalization isn't the right frame for Google's AI transition. Augmentation is more like it. Yahoo Finance reports.


🚕 How the Cybercab could help crack the code on a cheaper, mass market Tesla EV

Tesla chair Robyn Denholm said this week that the company's upcoming Cybercab could be shipped with a few tweaks – a steering wheel and pedals.

It doesn't sound earthshaking, but it is a big deal. The Cybercab may solve a big problem for Tesla: It could be converted into the long-awaited cheaper EV, aka the Model 2.

Tesla unveiled the Cybercab – a robotaxi vehicle that lacked steering wheels and pedals – a little over a year ago at a splashy event on the Warner Bros. studio lot.

The Cybercab, it was said, would be built using a new "unboxed" manufacturing process, which would be cheaper, likely use simpler and larger cast parts, and have only two seats. And it would cost around $25,000 to $30,000. Yahoo Finance reports.


📺 Netflix taps bank to explore bid for Warner Bros Discovery

Netflix,is actively exploring a bid for Warner Bros Discovery's, studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter.

The video streaming service has hired Moelis & Co, the investment bank that advised Skydance Media on its successful bid for Paramount Global, to evaluate a prospective offer, two of the sources said.

Netflix also has been granted access to the data room, which contains the financial details needed to make a bid, according to two of the sources familiar with the matter. Reuters reports.


🔴 Meta’s stock slide erases $215 billion in market value, as Wall Street pans ‘runaway’ AI spending

Meta Platforms Inc. just raised the midpoint of its capital-spending forecast for the third time this year – spooking analysts and contributing to a hefty selloff of its shares Thursday.

Meta’s stock closed down 11.33% on the day – its worst one-day drop in three years, according to Dow Jones Market Data.

The decline wiped $214.7 billion off of Meta’s market capitalization and was the 10th-largest one-day drop by a US company on record, according to Dow Jones Market Data, as well as Meta’s second-largest one-day market-cap loss – eclipsed only by the $232 billion it shed on Feb. 3, 2022. MarketWatch reports.


💨 The great AI buildout shows no sign of slowing

A momentous week in the technology sector made it clear there is no sign the boom in building artificial intelligence infrastructure is slowing – despite the bubble talk.

Nvidia, whose processors are the AI revolution's backbone, became the first company to surpass $5 trillion in market value. Microsoft and OpenAI inked a deal enhancing the ChatGPT maker's fundraising ability and OpenAI promptly started laying groundwork for an initial public offering that could value the company at $1 trillion.

Amazon said it would cut 14,000 corporate jobs, just days before its cloud unit posted its strongest growth in nearly three years. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.


1) DFSC: DEFSEC Technologies
Total gain: +30.11%

2) AMZU: Direxion Daily AMZN Bull 2X Shares
Total gain: +25.34%

3) BHF: Brighthouse Finl
Total gain: +22.56%

4) ATEC: Alphatec Holdings
Total gain: 21.86%

5) ARDX: Ardelyx
Total gain: +19.76%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on October 30.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) BQ: Boqii Holding Limited
Total gain: +113.73%
The company announced that Yoken, its private label, is joining hands with a number of pet-friendly hotels to continue exploring the development of a pet-friendly ecosystem. PR Newswire reports.

2) AQMS: Aqua Metals, Inc.
Total gain: +41.21%
The stock appeared to be moving on no notable news.

3) EBS: Emergent BioSolutions Inc.
Total gain: +36.60%
The company announced the results of a new survey1 of approximately 250 U.S. policy opinion leaders showing that nearly two-thirds (65 percent) of respondents agree the likelihood of a biological attack on U.S. soil is rising, yet almost half (45 percent) believe the U.S. is unprepared for a biological attack. Globe Newswire reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


TROW: T. Rowe Price Gr
Q3 2025
Before Market Open
Estimate: 2.520
Actual: N/A

MGA: Magna International
Q3 2025
Before Market Open
Estimate: 1.250
Actual: N/A

MCS: Marcus
Q3 2025
Before Market Open
Estimate: 0.420
Actual: N/A

Today’s Economic Dates

Time (ET)/ Report/ Period

8:30 AM - *Personal income - Sept.
8:30 AM - *Consumer spending - Sept.
8:30 AM - *PCE indexs - Sept.

Parting Thoughts

“An investor without investment objectives is like a traveler without a destination.”

– Ralph Seger

Sourced in: Trading and Investing Quotes by The Balance.

Disclaimer

TradeZero America, Inc., a United States broker dealer, registered with the Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas ; TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF); and TradeZero Europe B.V., a Dutch broker dealer, authorized and regulated by the Dutch Authority for the Financial Markets (AFM) (collectively, the “TradeZero Broker Dealers”).

TradeZero Broker Dealers offer self-directed electronic securities trading to their customers. TradeZero Broker Dealers do not provide financial or trading advice and do not make investment recommendations to their customers. This communication does not constitute an offer to sell or a solicitation to buy any security or instrument which it may reference. There is a risk of loss in online trading of securities including equities and options. Trading on margin is for experienced investors whereby the loss can be greater than your initial investment. Likewise, short selling as a securities trading strategy is extremely risky and can lead to potentially unlimited losses. Options trading is not suitable for all investors as it can involve risk that may expose investors to significant losses. Please read the Characteristics and Risks of Standardized Options, also known as the Options Disclosure Document (ODD) at OCC.

If you have any specific questions about TradeZero's brokerage services, please reach out to the TradeZero Broker Dealer servicing your jurisdiction.