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February 5th - Alphabet, the parent company of Google (GOOG.O), reported better-than-expected revenue for the fourth quarter of 2025, and its capital expenditures for 2026 are projected to be between $175 billion and $185 billion, far exceeding investor expectations of $119.5 billion. Googles Q4 revenue was $113.828 billion, while the market expected $111.375 billion. The company has rapidly improved its Gemini model and fully integrated it across its product lines, an effort requiring significant investment to support model optimization and meet the needs of cloud customers. These investments are already showing results. Google is supplying up to 1 million dedicated AI chips to Anthropic, solidifying its position as a key infrastructure supplier in the AI field. Gemini will also provide AI technology support for Apples Siri on iPhones. However, to justify these massive expenditures, Alphabet needs to demonstrate the growth momentum of its cloud services and search advertising businesses. The company stated that its large-scale investments in AI, including new infrastructure, R&D investment, and talent acquisition, are crucial to competing with rivals such as Amazon, Microsoft, and OpenAI.Nvidia (NVDA.O) and AMD (AMD.O) both rose more than 1% in after-hours trading, while Google (GOOG.O) significantly raised its capital expenditure forecast.Arm (ARM.O) shares fell more than 10% in after-hours trading.Google (GOOG.O) reversed a 6% drop in after-hours trading and is now up 1%.The Dow Jones Industrial Average rose 260.31 points, or 0.53%, to close at 49,501.30 on Wednesday, February 4; the S&P 500 fell 35.09 points, or 0.51%, to close at 6,882.72 on Wednesday, February 4; and the Nasdaq Composite fell 350.61 points, or 1.51%, to close at 22,904.58 on Wednesday, February 4.

Gold Price Forecast: XAU/USD views $1,800 as upbeat US labor market fuels hawkish Fed wagers

Alina Haynes

Mar 09, 2023 13:55

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Gold price (XAU / USD) appears vulnerable above $1,810.00 as the upside appears constrained by rising Federal Reserve rate expectations (Fed). The precious metal is anticipated to resume its decline as strong United States Employment data reported by Automatic Data Processing (ADP) has confirmed that January's strong consumer spending and higher payrolls were not a one-time blow to the Consumer Price Index's decline (CPI).

 

S&P500 futures have given up the slight gains they made on Wednesday during the Asian session. As China's CPI and Producer Price Index (PPI) figures indicate deflation, the risk-aversion theme has intensified. The US Dollar Index (DXY) has maintained a sideways trend above 105.20 as investors await the publication of US Nonfarm Payrolls (NFP) data for fresh direction signals. The alpha provided by 10-year US Treasury bonds has risen above 3.98 percent.

 

The official US Employment data is expected to indicate a decline in the payrolls to 203K from the former release of 514k. A figure of 203K is not as terrible as January's 514K figure, but it appears insignificant in comparison. Investors should be aware that a figure of 514K in the last seven months was exceptional.

 

Aside from that, it is anticipated that the unemployment rate will remain at a multi-decade low of 3.4%. The Average Hourly Earnings are expected to ascend to 4.8% on an annual basis. Household income may increase consumer expenditure. Jerome Powell, the chairman of the Federal Reserve, has already confirmed that the Fed will increase interest rates in order to reduce inflation.


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