🪦 Four blowout quarters. Four stocks in the red. One $900B AI startup. Sure, fine.
Presented by
CLOSING BELL
Happy Wednesday 🪦
The market ended lower Wednesday, a wild rocking day for macro news and massive tech earnings.
The FOMC kept rates the same, but they voted with the most internal division since 1992: Chair Jerome Powell fielded questions at his last press appearance as head after a 8/4 vote to keep the target Federal Funds Rate at 3.5-3.75%.
President Trump welcomed the King and Queen of England to the U.S. this week, and while shaking hands and making speeches, the president told Axios he rejected Iran’s newest offer to end hostilities and open the Strait. He wants Tehran to address their nuclear program and disarmament now, not later. Oil Spiked.
Today we’ll round up the massive after-hours reports featuring Amazon, Alphabet, Meta, and Microsoft, and some notes from Sofi and Robinhood reports that sent fintech stocks lower this morning. Also, after hours, a Bloomberg scoop that Anthropic is considering a valuation of $900B in a new funding round, an eye-watering price tag: the world can’t decide if AI is overpriced or not even close to priced in.
Testing out an open full story on Stocktwits mode tonight, or I wouldn’t be able to fit all this in:
AFTER THE BELL
Mag Seven Asks, ‘Why Should the Party Stop Now?’
Four hyperscalers reported Wednesday night and beat on almost every line. The numbers were extraordinary. The stocks were not: Meta fell -7%, Microsoft was holding on, and only Alphabet truly climbed, up about 6% in the after-market. Amazon started to pick up pace during the firm’s earnings call.
The pricing tonight is telling you something the earnings releases aren’t: beats are priced in, and the capex escalation might look like a liability. That is, unless these firms say something magical.
AWS Just Won’t Stop 🚀 Amazon blew past every number on the board with cloud growth at its fastest pace in 15 quarters. The RIP: $AMZN posted $2.78 EPS on $181.5B revenue vs. $1.61 / $177.5B est. AWS grew +28% to $37.6B, operating income $14.2B. Q2 guide: $194B–$199B.
Azure Just Went Supernova 💥 Microsoft crossed a $37B AI annualized run rate up +123% year over year. The RIP: $MSFT posted $4.27 EPS on $82.9B revenue vs. $4.07 / $81.4B est. Azure up +40%, Intelligent Cloud $34.7B, commercial backlog jumped +99% to $627B.
Google Cloud Just Hit Escape Velocity 🛸 Alphabet delivered the cleanest beat of the night with Cloud growing +63% and Search re-accelerating. The RIP: $GOOGL posted $5.11 EPS (includes $28.7B investment gain) on $109.9B revenue vs. $2.83 / $107B est. Cloud hit $20B, Search grew +19%, operating margin expanded to 36.1%.
Zuck’s Margin Machine Holds 📡 Meta beat on revenue and held a 41% operating margin despite costs jumping +35%, then raised full-year capex guidance by $10B at the midpoint. The RIP: $META posted $10.44 GAAP EPS (includes $8.03B tax benefit) on $56.3B revenue vs. $7.51 / $55.5B est. Ad impressions up +19%, price per ad up +12%, capex raised to $125B–$145B.
Four reports, four beats, four companies spending more than they did a year ago without apology. The AI infrastructure race is not slowing down, but neither are the costs.
You can read even more breakdowns about these stocks on Stocktwits →
SECTOR NEWS
The AI Arms Race Has a Price Tag 💸
Four hyperscalers reported Wednesday night and every one of them is spending more, not less, on AI infrastructure. The question has stopped being whether the buildout is real and started being whether the supply chain can keep up.
$META raised full-year capex to $125B–$145B. $MSFT spent $30.9B on property and equipment in one quarter, up +85% year over year. $GOOGL doubled Q1 capex to $35.7B, but it maintained is cashflow when it did. $AMZN let trailing twelve-month free cash flow collapse to $1.2B rather than slow AWS down.
MORE EARNINGS NEWS
Guidance Whiff, Stock Cliff 📉
Robinhood beat Tuesday, and SoFi both beat on revenue Wednesday but both saw their stocks in the gutter anyway. In 2026, meeting expectations is the new missing.
$HOOD fell -13% after Q1 EPS of $0.38 missed the $0.43 estimate on $1.07B revenue vs. $1.18B est.; crypto revenue cratered -47% to $134M. $SOFI ⚡ dropped -15% after Q2 EBITDA margin guidance of ~30% missed and full-year guidance beat consensus by just $4M.
PRIVATE COMPANY NEWS
The $900 Billion Question 🤖
BREAKING: Anthropic is weighing a fresh funding round that would value the Claude maker at more than $900 billion, according to Bloomberg, potentially making it the world’s most valuable AI startup overnight. The number is moving faster than any product roadmap can justify on its own.
Bloomberg reports investor offers above $900B are on the table, more than doubling Anthropic’s $350B valuation from weeks ago. Google has committed $10B with up to $30B more tied to performance targets; Amazon committed $5B with up to $20B more over time. No deal accepted yet.
SPONSORED BY ZENATECH
ZenaTech Announces FY2025 Financial Results
ZenaTech announces its financial results for the full-year ended December 31, 2025 (all figures are expressed in Canadian dollars).
The Company reported record year-end revenue of $12.9 million, a 558% increase compared to almost $2.0 million for the full year 2024. The revenue growth was driven by the successful execution of ZenaTech’s Drone as a Service strategy, completing 20 acquisitions in 2025, including 19 land surveying and inspection companies across the United States, United Kingdom, and Canada, and the U.K.-based enterprise software company Othership Limited. Total assets increased 188% from $34.6 million to $99.8 million, as compared to the same period in 2024.
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
MACRO NEWS
Powell’s Last Stand Ends in Divide🔥
Jerome Powell closed out his final press conference Wednesday with the most fractured FOMC vote of his eight-year tenure, a Senate-committee-confirmed successor waiting in the wings, and two-year yields jumping to their biggest Fed-day move since January 2022. The committee he’s handing off is not the one Warsh was expecting to inherit.
Fed held at 3.5%–3.75%, 8-4 vote. Three dissenters opposed the easing bias in the statement; Miran dissented for a -25bps cut. Two-year yields jumped to ~3.9% and rate-cut bets for 2025 are effectively gone.
Read more, and Tell us if Warsh can build consensus with a committee →
TRENDING ON STOCKTWITS
Pops & Drops
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$NXPI ( ▲ 25.55% ) NXP Semi: surged +25% after Q1 revenue, guidance crushed estimates
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$GNRC ( ▲ 16.49% ) Generac: ripped +16% after data center backlog hit $700M
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$INTC ( ▲ 12.1% ) Intel: climbed +12% on continued trade from last week’s blowout beat
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$STX ( ▲ 11.1% ) Seagate: jumped +11% after record Q3 beat, raised Q4 guidance
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$DXYZ ( ▲ 12.4% ) Destiny Tech ⚡: popped +13% after broader risk-on sentiment lifted closed-end AI fund
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$V ( ▲ 8.26% ) Visa ⚡: surged +8% after Q2 revenue grew +17%, biggest since 2022
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$TMUS ( ▲ 6.13% ) T-Mobile ⚡: jumped +6% after Q1 earnings beat, raised full-year guidance
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$OPEN ( ▲ 1.83% ) Opendoor ⚡: popped +2% after Visa data eased housing market concern
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$TER ( ▼ 19.41% ) Teradyne: collapsed -20% after record Q1 met skepticism on Q2 step-down guide
PRESENTED BY VIRTUIX
Virtuix Expands Defense Footprint with U.S. Marine Corps
Virtuix (NASDAQ: VTIX) continues to build momentum in the defense sector. The company announced its “Omni One” 360-degree treadmill has been integrated into an aircraft refueling simulator developed by Vigilante for the U.S. Marine Corps.
The system enables full-body movement in VR, allowing warfighters to physically walk, run, and operate in high-pressure training scenarios, enhancing muscle memory and readiness beyond traditional simulations. This milestone builds on recent traction across multiple branches, including sales to the U.S. Army and Air Force, and a development agreement with the U.S. Navy.
As Virtuix expands beyond consumer into high-value defense applications, the addressable market continues to grow.
Watch the system in action: https://www.youtube.com/watch?v=AzR4-_T3RGg
3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
SPONSORED
Why DarioHealth Thinks Multi-Condition Care Is the Future
*3rd Party Ad. Not an offer or recommendation by Stocktwits.
WHAT’S ON DECK
Tomorrow’s Top Things 📋
Macro: PCE Price Index (MoM/YoY/Core) (Mar) (8:30 AM ET), Initial + Continuing Jobless Claims (8:30 AM ET), Employment Cost Index (Q1) (8:30 AM ET), Chicago PMI (Apr) (9:45 AM ET). 📊
Pre-Market Earnings: $CAT Caterpillar Inc, $LLY Eli Lilly, $MA Mastercard Inc Class A, $RCL Royal Caribbean Group Ltd, $MRK Merck & Co Inc, +44 more. ☀️
After-Market Earnings: $AAPL Apple Inc, $ROKU, $RIOT Riot Platforms Inc, $IBIO iBio Inc, $RIVN Rivian Automotive, +48 more. 🌙
P.S. You can listen to all of these earnings calls on Stocktwits.
Links That Don’t Suck 🌐
🤑 OpenAI’s subtle drift from Microsoft has become an aggressive move toward Amazon
😨 Trump Tells Aides to Prep for Lengthy Hormuz Blockade, Report Says
💰️ Bill Ackman’s $5 billion Pershing Square IPO to start trading, testing Berkshire-style vision
Get In Touch 📬
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