Before we dive in, hereās whatās driving sentiment: mega-cap earnings take center stage, China headlines are easing tension, and crypto is reclaiming momentum as futures point higher into the week.
Mega-cap Earnings on Deck
This weekās spotlight is on the hyperscalers. Microsoft $MSFT, Amazon $AMZN, and Alphabet $GOOGL are all set to report as the market trades at record highs. Investors want confirmation that AI-driven CapEx and cloud demand remain strong enough to justify valuations.
From last quarterās results:
Microsoft Azure grew 31% YoY, fueled by enterprise AI adoption and Copilot momentum.
Amazon AWS rose 17.5% YoY to $30.9B, showing stabilization after a slower stretch.
Google Cloud led slightly with 32% YoY growth to $13.6B, reflecting steady profitability gains.
The takeaway: the AI infrastructure cycle is still expanding, but the bar is high. Any hint of CapEx pullback could shake confidenceā¦ while reaffirmation could push this rally into overdrive.
If youāre bullish on AI infrastructure and see continued upside in $NVDA, you can explore Leverage Shares 2x NVDA ETF $NVDG ( ā² 6.49% ), itās up 38% YTD and offers amplified exposure to Nvidiaās momentum. More details in the prospectus here.
China Meeting Headlines Lift Sentiment
Weekend reports confirmed U.S. Vice Premier meetings with major investors, including Bessent Capital, ahead of the Trump-Xi summit on October 30. The tone was constructive, easing geopolitical tension and fueling a rebound in risk assets.
Bitcoin $BTC and Ethereum $ETH rallied, reclaiming their 20MA and setting their sights on the 50MA, a key threshold for confirming momentum.
Futures Open Strong
Weekend futures gained 0.58%, setting up another green open tomorrow. With record highs already in play, traders are watching whether big tech earnings can sustain the breakout.
For now, market breadth is widening, volatility remains muted, and risk appetite is firmly back on.
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Have a profitable week!
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