Big tech is wobbling. Goldman Sachs says it's time to buy these 23 unloved stocks instead.

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  Third-quarter earnings from Netflix, Meta Platforms, IBM and Western Digital this week are expected to set the tone for tech stocks. Netflix is forecast to lift revenue 12% to $12.88 billion and EPS 40% to $0.82, while Meta's revenue is expected to rise 24% to $63.39 billion, with investors watching its Muse AI tools closely. Western Digital's results may indicate whether memory demand is durable. Bloomberg reported that Nscale faces investor resistance to the $30 billion valuation it seeks for its IPO, with a group of investors urging $16–19 billion, after Microsoft exited a UK data center deal over power-related delays. Product events from Nvidia, Cloudflare and Oracle are also on the calendar, following a week in which SOXX fell 11.8%.

  Yahoo Finance·19/10, 06:29• META• NVDAMETANVDAearnings
• Markets today : Wall Street hit by tech slump , ASX set to edge lower

  Wall Street closed lower as a broad tech sell-off pushed the S&P 500 down 1.1%, the Nasdaq down 2.1% and the Dow down 0.3%. The S&P 500 lost about 2% for the week, erasing the gains it made last week when it set an all-time high. Chipmakers including Micron, AMD, Broadcom and Intel led the declines amid worries that the AI spending boom may not last and that big tech may struggle to keep borrowing as bond yields climb. The 10-year Treasury yield eased to 5.09% but had topped 5.30% earlier this month, while CME Group data showed the odds of a Fed rate hike in December jumping to 74.3%. Brent crude rose 3.7% to $109.86 a barrel as there is still no U.S.–Iran deal to end the war.

  smh.com.au·18/10, 19:15▼ QQQ▼ NVDA▼ SPY▼ AAPLWall Streettech stocksSPY
• Amazon.com And 2 Other Undervalued Stocks

  The article highlights three stocks where discounted cash flow models suggest value above current prices. Amazon.com's AWS generated about USD 148.4 billion in revenue and grew roughly 20% in 2025, which the article attributes to AI demand, with a market cap of about USD 2,696.6 billion. Gamma Communications, whose enterprise operations contribute about GBP 136 million in annual revenue, sells cloud calling and connectivity tools with recurring cash flows. Yadea Group Holdings generated about CNY 34.1 billion from electric two-wheelers and trades below SWS DCF fair value, though the article notes an unresolved pressure on future margins.

  Yahoo Finance·19/10, 07:09▲ AMZNAMZNvaluationcloud computing
• Prediction: Amazon Stock Will Soar After Oct. 29

  Amazon is scheduled to report third-quarter earnings on October 29, and the author expects the stock could rally again if cloud momentum continues. AWS revenue rose 37% to $42.2 billion in the second quarter, its fastest growth in 18 quarters, while operating income reached $16.6 billion versus $10.2 billion a year earlier, and its AI business has an annualized run rate above $25 billion. Capital expenditures are expected to reach about $220 billion this year, pushing free cash flow to negative $7.6 billion over the 12 months to June 30, compared with $18.2 billion previously. The author discounts the $53.4 billion non-operating pretax income, mostly tied to the $13 billion Anthropic investment, and says AWS revenue and operating income matter more.

  Yahoo Finance·19/10, 04:20▲ AMZNAMZNearningscloud computing

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  CoinDesk·19/10, 11:15▲ BTC/USDTMSTRbitcoincrypto
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