CNBC's "Fast Money" Digging in on the first round of Big Tech earnings, and What’s Next for the Fed 10/29/25
Oct 29, 2025
Michael Cantopoulos, Deputy Chief Investment Officer at Richard Bernstein Advisors, shares insights on how Fed interest rate cuts are impacting the market. Gene Munster, a tech analyst from Deepwater Asset Management, breaks down Big Tech earnings, highlighting Alphabet’s AI growth and Microsoft’s Azure performance. They discuss Meta's capital expenditures and the stock's response to rising expenses. The duo also analyzes Powell's stance on the labor market and inflation, painting a picture of the evolving financial landscape.
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Google's AI Momentum Shows In Results
- Alphabet's AI push is driving clear upside across Search, YouTube, and Cloud this quarter.
- Gemini reached 650 million monthly active users, signaling rapid AI adoption without cannibalizing core search revenue.
Meta Lays Out Big AI Spending Plans
- Meta raised CapEx guidance to invest aggressively in AI infrastructure and expects dollar growth to be notably larger next year.
- The company plans a mix of building its own infrastructure and contracting third-party cloud providers to meet demand.
AI Turns Tech Into A CapEx Business
- Major tech is shifting from being CapEx-light to CapEx-heavy as AI demands more data centers and infrastructure.
- Michael Cantopoulos warns that rising CapEx makes ROI harder and resembles capital cycles from past tech booms.