ABOUT THIS EPISODE
Microsoft up, Google down, and a Fed that talked like it was hiking.Thursday 29 October. Microsoft’s Azure grew nearly 50% to $33 billion, with a $677 billion backlog, and the market called it the most responsible approach to AI spending. Google Cloud grew 103%, but free cash flow went negative and the stock fell around 11% after hours. Free cash burn, not growth, is what the market is pricing right now, as Meta also found out.
Also on the call: a hawkish Fed press conference, chip stocks surging again, ServiceNow’s 16% fall, Australian CPI at 4.3% derailing the ASX, US rail and industrial strength, uranium and critical minerals, and what to watch with Amazon, Apple, Intel, Mastercard, Merck and Eli Lilly tomorrow.
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