The rest of the market is leaving Big Tech behind after a historic comeback

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• Big Tech Stocks Have Never Looked Cheaper. Is the Magnificent Seven a Screaming Buy?

  The Nasdaq Composite is nearing a correction, down roughly 8% from its closing peak, after underwhelming earnings from companies including Amazon, Intel, and Sandisk fueled investor doubts about the AI trade. Hyperscalers Alphabet, Microsoft, Meta Platforms, and Amazon all fell after earnings despite reporting record profits, while the four together plan to spend more than $700 billion this year on infrastructure. Based on operating income, the group earned roughly $490 billion over the last year, and its $11.5 trillion combined market cap equals 23.5 times operating income, similar to the S&P 500. The shares have sold off largely because all except Microsoft are burning cash on AI build-outs, with Amazon's free cash flow falling to a loss of $34.8 billion in the third quarter. The author argues that fast revenue growth and cloud businesses could help these companies earn a return on their investments, and sees their substantial discounts from recent peaks as an opportunity worth considering.

  Yahoo Finance·30/10, 17:20▲ QQQ▲ MSFTtech stocksvaluationcloud computing
• Alphabet Loses $500 Billion in Market Cap in One DayYahoo Finance·29/10, 15:43▼ GOOGL▼ QQQGOOGLQQQNasdaq
• Sector Update: Tech Stocks Rise Late AfternoonYahoo Finance·28/10, 19:47▲ QQQ▲ AAPL▲ AMZN▲ GOOGLQQQtech stocksNasdaq
• Sector Update: Tech Stocks Gain Tuesday AfternoonYahoo Finance·27/10, 17:55▲ QQQ▲ NVDAQQQtech stocksNasdaq
• Dividend stocks are having an excellent October as tech sector struggles

  ETFs focused on dividend stocks are rallying strongly in October, adding to huge gains in 2026. The article sets this against a struggling tech sector.

  MarketWatch·26/10, 22:10▼ QQQ• SPYQQQdividendstech stocks
• Sector Update: Tech Stocks Gain Monday AfternoonYahoo Finance·26/10, 17:52▲ QQQQQQtech stocksNasdaq

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• Gold Falls Nearly 4%, Silver Loses 6% as Big Players Buy the Dip

  Spot gold dipped to 3,870 USD/ounce before trading near 3,874 USD/ounce, down more than 146 USD (about 3.6%) in one session and at its lowest level in over a year. Silver fell more than 3 USD (nearly 6%) to around 49 USD/ounce, touching 48.7 USD intraday. Even as prices fell, SPDR Gold Trust bought 0.57 tonnes of gold, lifting holdings to 1,041.65 tonnes, and iShares Silver Trust (SLV) added 103.85 tonnes of silver, bringing its holdings to about 15,650 tonnes. The slide came as markets reassessed Fed policy: the Fed held rates at 3.75-4.00%, but two FOMC members backed a 25 basis-point hike, while stronger-than-expected US third-quarter GDP growth of 3.4% and elevated core inflation kept expectations for tighter policy for longer. Higher oil prices from tensions with Iran add to inflation risks, so high-rate expectations could weigh on gold in the short term, though some investors see deep pullbacks as chances to accumulate for the long term.

  CafeF·31/10, 06:36▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDTgoldsilverFed
• Amazon's AWS Just Gave Investors A Big Growth Signal — And Gene Munster Thinks It's Only The Beginning

  Gene Munster of Deepwater Asset Management believes Amazon has given investors a bigger-than-usual view of AWS's future, and that its AI infrastructure opportunity may only be starting. Management guided for AWS growth of at least 40% in both 2027 and 2028 and said the cloud business could eventually reach 1 trillion USD in annual revenue, while AWS grew 39% in the September quarter, roughly in line with expectations. Munster estimates AWS would need average annual growth of about 42% to reach 1 trillion USD in five years; AWS currently makes up about 21% of Amazon's revenue, which he thinks could rise to about half within five years. Amazon plans to sell its custom Trainium AI chips from late 2027; Munster does not expect chip sales to be a major revenue source but sees it as another sign of Amazon's push into AI infrastructure, and expects capital spending to rise faster than Wall Street estimates. AMZN fell over 1% in Friday's regular session but rose 0.2% after hours, Stocktwits retail sentiment was 'extremely bullish', and the stock is up 4% year-to-date and 8% over 12 months.

  Yahoo Finance·31/10, 06:25▲ AMZNAMZNcloud computingartificial intelligence
• Deputy PM: Retail Electricity Prices to Fall 2%

  Deputy Prime Minister Nguyễn Văn Thắng said the Government is directing EVN to cut costs as much as possible to reduce retail electricity prices by about 2% until 31 March 2027, as part of efforts to keep inflation moving toward the 4.5% target. Together with cutting the special consumption tax on gasoline to 0%, this would give room of 0.07% for inflation control within the National Assembly's target. The average retail electricity price is currently over 2,204 VND/kWh, excluding VAT. For growth, the fourth quarter needs to reach 12.5% to meet the double-digit annual target, and public investment disbursement had reached over 720,000 billion VND, more than 75% of plan, by 29 October, which is expected to contribute about 2.5% to Q4 growth and 1.7% to full-year 2026 growth.

  VnExpress·31/10, 06:23▼ NT2▼ POW• VNINDEXinflationelectricityGDP growth
• Prediction: 2 Under $1 Trillion Stocks That Will Be Worth More Than Micron 5 Years From Now

  The article argues that SK Hynix and AMD could surpass Micron in market value over the next five years, even though Micron already has a market cap of over 1 trillion USD. SK Hynix is described as the HBM leader with about 50% market share and a 500 billion USD long-term contract with Nvidia, while Micron's HBM share is under 20%. For AMD, the article highlights its GPUs and server CPUs for inference and agentic AI, with early commitments from OpenAI, Meta Platforms, Anthropic, Microsoft, and Oracle. Its two largest deals, 6-gigawatt commitments from OpenAI and Meta Platforms, would each be worth over 120 billion USD by the author's estimate, and the author still expects AMD to outperform Micron despite the stock not being as cheap as the other two.

  Yahoo Finance·31/10, 06:20semiconductorsvaluationAMD
• Russia's world-leading technology shakes up energy sector, 9 countries move to access it, 4 nations push projects forward

  Rosatom says 9 African countries have shown considerable interest in its floating nuclear power plant technology, following the third Russia-Africa summit in Moscow attended by representatives of about 50 countries. Rosatom is discussing large-scale nuclear plants with Uganda, Ghana, Ethiopia and Egypt, and is in detailed talks on floating plants with Egypt, Tanzania, Togo and Namibia. Russia is currently the only country operating a floating nuclear power plant, Akademik Lomonosov, which has run commercially since 2020; Africa has only one operating nuclear plant, Koeberg in South Africa, while Rosatom is building El Dabaa in Egypt with 4 reactors. The two sides are also discussing expanding El Dabaa to 6 reactors.

  CafeF·31/10, 06:16Russianuclear powerAfrica
• Trump called out Big Oil profits. Here's how much their refining earnings have surged since

  President Donald Trump criticized ExxonMobil and Chevron in August for making 'too much money based on a shortage' as profits surged after the U.S.-Israeli war with Iran. Results published this week show oil majors continuing to benefit from tight fuel supplies and high refining margins. Shell, BP, TotalEnergies and Exxon reported sharply higher refined-products margins, while Chevron's downstream earnings more than quadrupled from a year earlier to $4.9 billion. Supply is tight due to Ukrainian drone strikes on Russian refineries, Middle East disruptions linked to the Iran war and Houthi attacks on Saudi Arabia, and refinery closures in Europe and North America, with around a quarter of EU refineries shut over the past two decades. Analysts say measures such as emergency diesel releases and a U.S. deal with Russia to supply more diesel may have only a limited impact unless supply rises materially, demand weakens or global tensions ease.

  CNBC·31/10, 06:00• SPYoil pricesoil refiningDonald Trump