Google Stock CRASHES!!! Amazon TANKS | Is THE AI TRADE OVER???

What This Video Is About

This video discusses the recent earnings reports of major tech companies, including Microsoft, Google, Amazon, and others, and provides technical analysis of their stock performance.

Major Ideas Discussed

• Meta Platforms started the week at $643 and closed down by about 4.5% at $614, with the company raising money for infrastructure buildout and revamping its product line.
• Apple introduced new products, including a MacBook Pro with a touchscreen and a foldable iPhone Duo, and closed the week at $347, down by about 1%.
• Amazon reported earnings, missing sales and earnings expectations, but had a massive quarter with AWS growing 39% and accelerating from Q2.
• Netflix shares trended lower, down nearly 5.7% for the week, and hired Steve Wilson to lead its podcast division.
• Nvidia invested $3 billion in Meta to help with AI buildout and also invested in Nscale, a company trying to scale up its data center business.
• Google had one of its worst weeks, with shares falling over 12.6%, and reported earnings, missing expectations across the board.
• Microsoft started the week at $525 and drifted lower, but had a nice pop after announcing earnings, with Q1 expectations topping both top and bottom line estimates.
• Tesla shares popped up over 7% for the week, despite little news, and SpaceX continues to finance its AI buildout, drawing in over $40 billion in investment.

What to Watch Next

The video suggests keeping an eye on the technical analysis of these companies, with some like Apple and Microsoft at all-time highs, while others like Netflix and Google are in downtrends. The spending on capex, particularly in AI buildout, is also worth monitoring.