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Earnings Reports and Trade Agreements Impact Market
Meta, Microsoft, and Alphabet reported quarterly earnings recently, reflecting strong revenue growth but raising concerns over aggressive AI spending. Meta’s revenue grew by 26% to $51.2 billion, while Microsoft reported $77.7 billion in revenue (up 18%) with a 40% growth in Azure. Alphabet’s revenue reached $102.3 billion, marking a 16% increase. Their AI-related expenditures have surged, prompting investor anxiety about the future financial impact.
In trade news, President Trump and Chinese President Xi agreed to reduce U.S. tariffs on Chinese goods from 57% to 47%, with China committing to resume large-scale U.S. soybean purchases and delay rare-earth export restrictions. This deal aims to provide stability in the market for at least a year.
Additionally, the U.S. government plans to invest at least $80 billion in nuclear reactors to support the energy demands of AI technologies, causing significant surges in uranium stocks.
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