Real-time AI-scored market movers with ± impact ratings from -100 to +100. Latest: Eddie Wu Doesn't See An AI Bubble For The Next 3 Years: Alibaba CEO Doesn't 'See Much Of An Issue' (Impact: +85). TezNewz delivers instant financial news analysis through Discord with sector-specific insights and comprehensive market intelligence.
Financial News with AI Impact Scores
Get real-time financial news with AI-powered impact analysis delivered through Discord
Today's Market Overview
TezNewz delivers AI-scored financial news with impact ratings from -100 to +100. Latest stories cover Unknown, Consumer Cyclical, Technology sectors. Top impact story: "Eddie Wu Doesn't See An AI Bubble For The Next 3 Years: Alibaba CEO Doesn't 'See Much Of An Issue'" with +85 impact score.
Join our Discord community for real-time alerts and discussions.
Alibaba Group Holdings (NYSE: BABA) reported a quarterly revenue of $34.81 billion, a 5% increase year-over-year, surpassing analyst expectations of $34.43 billion. The company also posted adjusted earnings of 61 cents per American depositary share, exceeding the consensus estimate of 49 cents. CEO Eddie Wu addressed AI bubble concerns during the earnings call, stating that both supply and demand dynamics suggest no imminent bubble, with supply struggling to keep up with demand globally. Following the earnings release, Alibaba's Hong Kong-listed shares fell by 1.52%, while its NYSE-listed shares rose by 0.41% in after-hours trading.
Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, traded sideways, with Bitcoin down 0.68% at $87,450.14 and XRP dipping 2.75% to $2.19. Analysts noted a potential bearish flag pattern on Bitcoin's chart, suggesting a possible drop to $79,000. The global cryptocurrency market capitalization decreased by 0.41% to $3.01 trillion, while Bitcoin's dominance fell below 58%.
Amazon.com, Inc. (NASDAQ: AMZN) is promoting the use of its in-house AI coding tool, Kiro, among employees while discouraging the use of external tools such as OpenAI's Codex and Anthropic's Claude Code. This initiative, communicated through an internal memo by AWS and e-commerce executives, aims to enhance Kiro based on employee feedback. Despite significant investments in AI, including a multiyear cloud deal with OpenAI, Amazon is focused on refining its proprietary technology to compete with rivals like OpenAI and Google. In its latest financial report, Amazon reported third-quarter net sales of $180.2 billion, a 13% year-over-year increase, surpassing analyst expectations.
U.S. Senators Richard Blumenthal and Josh Hawley have called for an investigation into Meta Platforms, Inc. (NASDAQ: META) for allegedly profiting billions, potentially up to $16 billion annually, from fraudulent advertisements on its platforms. They have urged the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) to take action, including forcing Meta to return profits from fraudulent ads and imposing civil penalties. The senators claim that Meta's involvement in scams accounts for one-third of all successful scams in the U.S.
The article highlights three oversold stocks in the tech and telecom sector that may present buying opportunities. Trade Desk Inc reported Q3 earnings of 45 cents per share, with revenue of $739.43 million, marking an 18% year-over-year growth, although its stock has fallen 27% recently. Zhihu Inc experienced a 15% decline in stock price and reported a year-over-year decrease in financial results, while Spotify Technology SA's stock has dropped 8% in the past week despite better-than-expected Q3 results.
