Squawk on the Street Amazon Soars to Record High, Apple Beats, Chevron CEO Exclusive 10/31/25
7 snips
Oct 31, 2025 Mike Wirth, Chairman and CEO of Chevron, discusses the company’s impressive earnings driven by record production and cash generation. He highlights growth from high-margin assets in the Permian, Guyana, and the Gulf of America. Wirth also addresses operating safely in volatile regions like Kazakhstan and Venezuela, emphasizing Chevron's crucial role in regional trade. The conversation reveals how Chevron's disciplined approach allows it to succeed even in a $50 oil price scenario. Overall, insights into the energy sector's resilience make for an engaging listen.
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AWS Reacceleration Drives Amazon Rerating
- Amazon's AWS re-accelerated to ~20% year-over-year growth and now drives far higher margins than retail.
- Andy Jassy presented a decisive, confident narrative that shifted investor sentiment and spurred a record-high stock move.
AI Capex Is A Massive Multi-Year Wave
- Big tech capex is surging with Amazon guiding roughly $125 billion and peers stepping up spending into 2026.
- That investment cycle funnels enormous demand into NVIDIA and the data-center ecosystem.
Treat Apple's Beat As Evidence To Hold
- Expect Apple to deliver product-driven holiday demand, especially for iPhone 17, and treat services as durable recurring revenue.
- Consider the quarter a reaffirmation to hold or accumulate given strong margins and China recovery signs.
