Alphabet shares fell about 12 percent on Thursday, their worst day on record, erasing roughly $500 billion in market value after its third-quarter report. Negative free cash flow of $9.1 billion and capital spending of $51.4 billion weighed on the stock, and Google search revenue growth slowed to 12 percent. Amazon's free cash flow also turned negative for a second straight quarter, and the Nasdaq fell 2.9 percent on Friday. Alphabet, Amazon, Meta and Microsoft have outlined plans to spend more than $740 billion on capital expenditure this year. Apple reported its best-ever fiscal year, with iPhone revenue up 17.5 percent, but shares fell in premarket trading on Tuesday as it warned of higher memory costs.
Morgan Stanley
3 stories since 27 October 2026, newest first
31 October 2026
29 October 2026
SK hynix reported third-quarter operating profit of US$62.8bn, up 632% on the year, marking six straight quarters of record revenue and operating profit. Asian technology shares surged after the results, with investors citing renewed optimism about artificial intelligence demand. Separately, Anthropic reported first-half revenue growth of about 1,300% in its IPO filing, and Broadcom, Citi, Blackstone and Morgan Stanley announced a US$63bn financing structure for the company. Markets were also awaiting the Federal Reserve's policy decision.
27 October 2026
Anthropic, the San Francisco AI company, filed its S-1 registration statement with the US Securities and Exchange Commission on Monday, 26 Oct, opening the path to an initial public offering. DW reports the listing could come as early as November, with shares planned for Nasdaq under the ticker ANT. Analysts estimate a valuation of $1.5 trillion to $2 trillion, up from $965 billion in May, according to Euronews. The company reported first-half 2026 net losses above $80 billion against revenue of about $16.3 billion. The filing runs 335 pages.