The Fed's latest rate decision and blockbuster earnings from Microsoft and Alphabet are putting investors on edge as AI spending faces renewed scrutiny. Meanwhile, SK Hynix is cashing in on booming memory demand, OpenAI is exploring Google's chips as an Nvidia alternative, and UBS is accelerating buybacks after another strong quarter.

Right now, a sitting president is attempting something no president has tried: putting America itself on the market.

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Futures are mixed, with tech leading the way after Broadcom secured a major AI financing deal that helped fuel Tuesday's chip rally. Traders are bracing for today's Fed decision, while Microsoft and Alphabet report after the bell, putting AI spending and cloud growth back in the spotlight.

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Earnings (Premarket):
· GE Vernova Inc. [GEV]
· Banco Santander, S.A. [SAN]
· Amphenol Corporation [APH]
· UBS AG [UBS]

Earnings (Aftermarket):

· Microsoft Corporation [MSFT]
· Alphabet Inc. [GOOG]
· KLA Corporation [KLAC]
· ServiceNow, Inc. [NOW]
· T-Mobile US, Inc. [TMUS]

Economic Reports:

· Advance U.S. trade balance in goods (September): 8:30 am
· Wholesale inventories (September): 8:30 am
· Retail inventories (September): 8:30 am
· Federal Reserve interest rate decision: 2:00 pm

The Federal Reserve's Wednesday decision puts December rate expectations back in focus as traders assign a 91% probability to another pause, with policymakers' inflation outlook likely to influence Treasury yields.

Microsoft and Alphabet face a major earnings test after Wednesday's close, with cloud growth and AI spending under scrutiny as investors demand stronger returns from enormous infrastructure investments.

SK Hynix reported a more than sevenfold jump in quarterly profit and unveiled a $75 billion shareholder-return plan, warning that AI-driven memory chip shortages could persist through 2030.

OpenAI is reportedly planning to purchase Google's AI chips, deepening its relationship with Alphabet as the company explores alternatives to Nvidia's dominant processors and seeks to diversify its computing infrastructure.

GSK beat quarterly earnings expectations as specialty medicines fueled growth, with sales rising 5% at constant currencies and the drugmaker maintaining its annual outlook despite declining vaccine revenue.

Pfizer secured an expanded U.S. market for its prostate cancer treatment Talzenna after the FDA approved its combination with enzalutamide for patients with metastatic disease carrying specific genetic mutations.

See this strange “AI Box”?

It’s set to power a new industry projected to grow 190,597% by 2040. Elon is even predicting this will be bigger than cellphones or anything else ever built.

This new AI device is launching in America next month

According to Nvidia’s CEO, it will help launch the final wave of Artificial Intelligence.

Click here to see the details

UBS reported $2.7 billion in quarterly profit and accelerated its share buybacks as wealth management attracted $55 billion in net new assets despite uncertainty surrounding Switzerland's proposed banking capital requirements.

Guidewire agreed to acquire British insurance software company Hyperexponential in a deal worth up to $2.1 billion, expanding its AI-powered capabilities for commercial insurance underwriting, pricing, and risk assessment.

Visa beat quarterly earnings estimates as consumer spending remained resilient, with cross-border payment volumes climbing 14% and overall payment volume increasing 9%, supported by international travel and digital commerce.

UPS raised its annual forecasts following stronger-than-expected third-quarter earnings, while identifying a $15 billion annual opportunity in data-center logistics as it shifts toward higher-margin healthcare and specialized deliveries.

The AI infrastructure boom is delivering another windfall for Vertiv. Shares surged after the cooling and power equipment specialist reported explosive growth in orders, with organic bookings more than doubling year over year. Third-quarter revenue jumped 61% to $4.31 billion, prompting management to raise its full-year sales forecast by $650 million.

Ultra Clean is emerging as another beneficiary of the semiconductor spending boom. Shares rallied after the company delivered record quarterly revenue of $759 million, up 49% year over year. Adjusted earnings of $1.15 per share comfortably beat expectations, while management projected fourth-quarter sales of $800 million to $860 million as AI-related chipmaking investments accelerate.

The residential solar recovery keeps getting pushed further into the future. Enphase shares plunged after management issued disappointing fourth-quarter guidance, forecasting revenue of just $225 million to $255 million, well below Wall Street's $300 million estimate. Third-quarter sales fell 29% as high interest rates, expiring tax incentives, and weak demand continued squeezing the solar equipment maker.

What Elon is doing in AI is exactly what he’s done his entire career.  

He took over mobile payments with PayPal. Electric cars with Tesla. Commercial space launches with SpaceX.  

Now he’s doing it with Artificial Intelligence… and James Altucher believes we could see as many as 1.8 MILLION new “Musk millionaires” over the next decade from his impending AI takeover.  

According to James Altucher, there’s one company sitting at the dead center of his plan… and it's still trading for less than $100.  

James compiled all the critical details you need to position yourself early in this FREE Millionaire Maker Masterclass. 

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Best Regards,

— Adam Garcia
Elite Trade Club

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