Investing.com — U.S. equities saw a mixed but generally positive week of trading, with the tech-heavy Nasdaq gaining, outpacing the Dow Jones Industrial Average and S&P 500, which look set to close slightly higher in the last week.
Here were some of the big-name movers this week:
AMZN shares are up more than 10% on Friday and look set to climb over 10% in the last week following a strong earnings report.
The company beat top and bottom-line consensus expectations, with its crucial Amazon Web Services (AWS) cloud unit reporting a resurgence in growth to 20%.
“We reiterate our BUY rating and raise our price target from $265 to $300 on Amazon following strong 3Q25 earnings that were primarily underscored by a notable reacceleration in Amazon Web Services that beat expectations,” said DA Davidson analyst Gil Luria in a note following the report.
“This was the first quarter since 2022 that AWS grew over 20% Y/Y, with management noting they’re seeing strength across core hyperscaler services and AI-services and are focused on adding additional compute capacity onto AWS in the near future.”
After a strong run, Meta shares dropped over 11% on Thursday following its third-quarter earnings release, driven by one key investor concern. The stock is down over 2% so far on Friday (as of 1:30 pm ET)
While the company beat revenue expectations, the social media giant worried investors by raising its 2025 capital expenditure guidance to a range of $70 billion–$72 billion, citing accelerated investments in AI infrastructure.
CEO Mark Zuckerberg defended the spending, stating: “We’re seeing the returns in the core business that’s giving us a lot of confidence that we should be investing a lot more.”
“The increased capital intensity wipes out most FCF near term, but this isn’t the permanent state; it’s more of a temporary catch-up,” said Barclays analyst Ross Sandler. “Management is once again asking the investment community to patiently look across the near-term FCF implosion to the other side (which may be a few years out).”
Another big tech earnings announcement this week came from Google’s parent company, Alphabet.
The stock got a positive reception from investors, with shares gaining 2.5% on Thursday after the company delivered its first-ever $100 billion quarterly revenue in the third quarter.
Revenue increased by 16% to $102.4 billion, topping the $99.85 billion consensus forecast. Sales growth was helped by strong demand for AI.
“We believe 3Q results reinforced the view that Alphabet has a full-stack advantage in AI, and product innovation is driving momentum in Search and Cloud,” commented KeyBanc analyst Justin Patterson.
