CapEx & Chaos
from BID/ASK Hosted by Rhaul Nasa
In this episode, we break down one of the biggest market days of the year: the FAANG and mega cap earnings wave alongside Jerome Powell’s final Federal Reserve meeting as Chair. We start with Big Tech. Meta delivered strong revenue and earnings growth, but investors focused on another major jump in AI and data center spending. Alphabet may have posted the cleanest report of the group, with powerful Google Cloud growth and resilient Search demand. Microsoft continued to show strength through Azure and enterprise AI adoption, though expectations were skyhigh heading into the release. Amazon’s report centered on AWS reacceleration, margins, and whether it is keeping pace in the cloud AI race. Overall, the numbers showed that AI demand remains strong, but markets are becoming more selective about who can turn spending into profits Then we shift to macro. The Federal Reserve held rates steady again in what was Jerome Powell’s final meeting as Chair. Powell described the U.S. economy as resilient while reaffirming the Fed’s commitment to getting inflation back to target. Markets are now focused on what comes next: the policy path under new leadership, the timing of future rate cuts, and whether inflation or growth becomes the bigger risk into summer. We close with what it all means for stocks, bonds, semiconductors, and the broader AI trade. If hyperscaler spending remains elevated while inflation cools, risk assets could have room higher. If inflation stays sticky, markets may face a tougher setup despite strong earnings.
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