Today is Friday, October 30, 2026.
The Early Bird Index today is 84.38.
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Amazon Borrows to Build AI 🏦
Amazon’s $AMZN ( ▼ 4.25% ) artificial intelligence ambitions seem to be an issue. The company reported weaker financial results on Thursday, and the stock fell 7.30% in after-hours trading.
Financials: Amazon reported earnings of $1.89 per share in the past quarter and revenue of $201.9 billion. Both were lower than expected.
Powering the Story: The company’s free cash flow over the past 12 months was negative $42 billion. A contributing factor was the company’s $220 billion in capital expenditures, including for Amazon’s AI buildout. The company is having to borrow funds to pay for AI.
Early Bird’s Nest Egg Gains: Amazon’s AI buildout requires enormous payments now, while the revenue meant to justify those payments arrives over future years.
Final Thoughts: Now, Amazon’s stock is basically flat for 2026.
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Notables
Notable Earnings Today: Exxon Mobil (NYSE: XOM), Cameco (NYSE: CCJ), Canadian Nat'l Rail (NYSE: CNI), Regeneron Pharma (NYSE: REGN), AutoNation (NYSE: AN), Chevron (NYSE: CVX), AbbVie (NYSE: ABBV), Colgate-Palmolive (NYSE: CL), Dominion Energy (NYSE: D), General Dynamics (NYSE: GD), BP (NYSE: BP), BrightSpring Health Services (Nasdaq: BTSG), Capri Holdings (NYSE: CPRI), Cboe Global Markets (BATS: CBOE), Church & Dwight (NYSE: CHD), Exelon (Nasdaq: EXC), Federal Realty (NYSE: FRT), Gates Industrial (NYSE: GTES), Kenvue (NYSE: KVUE), Lear (NYSE: LEA), LyondellBasell (NYSE: LYB), Magna (NYSE: MGA), Newell Brands (Nasdaq: NWL), nVent Electric (NYSE: NVT), Oil States (NYSE: OIS), OneMain Holdings (NYSE: OMF), Piper Sandler (NYSE: PIPR), RBC Bearings (NYSE: RBC), Sanofi (Nasdaq: SNY), Sensient (NYSE: SXT), Verra Mobility (Nasdaq: VRRM), WisdomTree (NYSE: WT).
Notable IPOs Today: OPay Limited (NYSE: OPAY), Aspen Neuroscience, Inc. Common Stock (Nasdaq: ASPE), Bambusa Therapeutics, Inc. Common stock (Nasdaq: BBTX), Nordicus Partners Corporation Common Stock (Nasdaq: NORD).
Notable Equity Crowdfunding Campaigns Ending Today: HEVO (Wefunder), Sempresto (Wefunder), Marauder Tech (Wefunder), Rejuvenate Bio (Wefunder), HeadVantage (Netcapital).
Notable Economic Events Today: Employment Cost Index (8:30 a.m. ET), Chicago PMI (9:45 a.m. ET).
Intel's PC Market Slowdown
Intel $INTC ( ▼ 28.76% ) plunged 23.03% in after-hours trading on Thursday even though the tech company posted good financial results.
Financials: Intel reported earnings of 52 cents per share in the past quarter and revenue of $16.5 billion. Both were better than expected.
Powering the Story: The company’s outlook was seen as weak. Intel said Thursday that it expects the “PC slowdown” in the market to continue at least through the first half of next year.
Final Thoughts: It’s a big drop for Intel. The stock had been up 133% in 2026.
Reddit Sinks Due to Outlook
Reddit $RDDT ( ▼ 23.5% ) posted good financial results on Thursday, but its revenue outlook for the next quarter was weaker than expected. The stock plunged 18.21% in after-hours trading.
Financials: Reddit reported earnings of $1.40 per share in the past quarter and revenue of $895 million. Both were better than expected.
Final Thoughts: The stock was already down 46% in 2026.

Trends to Watch
Falling: Bitcoin tumbles below $78,000, extending losses as Binance security scare rattles crypto markets (CNBC)
Breached: Polymarket suspends trading after third-party breach leads to user losses (CoinDesk)
Mixed Coffee: Starbucks to resume share buybacks but China shift clouds growth outlook (Financial Times)
Delivering Consolidation: DoorDash offers $17 billion for Instacart in what would be a big consolidation for grocery delivery (Associated Press)
Diversifying Revenue: Coinbase Cuts Trading Reliance as Subscription and Services Revenue Nears 50% (PYMNTS)
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