Amit Kukreja
OpenAI Goes After Google, Gold's WORST DAY Since 2013, Nuclear Stocks Get HIT HARD | Daily Recap
10/22/2025, 12:03:20 AM
Economic Summary
- Momentum and narrative-driven small-cap names have reversed sharply after big runs, suggesting profit-taking and the need for earnings to re-establish bids; this divergence leaves the S&P 500 near all-time highs while many speculative names plunge.
- Big tech earnings season begins with Amazon, Google, and others under the microscope; an AWS deacceleration or weak guidance could push AMZN below $200 and pressure related growth multiples.
- Netflix (NFLX) missed EPS due to an unexpected Brazilian tax dispute that pressured operating margin; revenue roughly met expectations, making the miss look isolated rather than systemic to streaming demand.
- Gold and silver experienced a rapid selloff (gold's worst day since April 2013, roughly $1.75 trillion in market cap lost), raising questions about overcrowding, geopolitics easing, and the stability of retail euphoria in precious metals.
- Central bank behavior is notable: reports suggest elevated central bank gold reserves (~20% in some measures), creating tension between falling U.S. Treasury yields and rising gold — contradictory signals about inflation and risk sentiment.
Bullish
- Quality large caps (AAPL, AMD, NVDA) can sustain the bull market through real earnings growth.
- Amazon's AWS remains a durable long-term growth engine despite short-term noise.
- Netflix remains a long-term compounder despite an isolated EPS miss tied to a Brazil tax issue.
- If frothy small caps deflate while big tech fundamentals expand, the overall market health improves.
Bearish
- Many momentum and narrative-driven small caps are sharply down after huge YTD gains, suggesting profit-taking and fading narratives.
- AI-ticker companies with little or negative revenue growth (e.g., Big Bear AI) may lose investor interest without tangible earnings.
- AWS service outage and potential deceleration could hurt AMZN's guidance and trigger a significant sell-off below key price levels.
- Gold and silver plunged (worst gold day since April 2013), indicating possible overcrowding and a rapid unwind of bullish commodity bets.
Bullish tickers
AAPLAMDNVDAAMZNGOOGLNFLXPLTRHOOD
Bearish tickers
D-WAVEBBAIRGTIIONQSMRMPUSARONDSNANO NUCLEAR
NVDA
3 price targets
180195122
Bullish
Strong earnings growth justification; speaker holds through gains and expects continued earnings-driven appreciation.
Bearish
Pullback from recent highs as momentum in small caps softens; profit-taking possible.
BBAI
Bullish
Beneficiary of AI narrative; could rebound if fundamentals improve.
Bearish
Guiding to negative growth despite AI narrative; lacks meaningful revenue expansion.
RGTI
Bullish
Exposure to quantum/advanced computing narratives that could re-accelerate with progress.
Bearish
Sharp near-term drawdown following speculative run and limited earnings visibility.
IONQ
Bullish
Long-term potential if quantum computing commercializes successfully.
Bearish
Down heavily as quantum narratives cool and revenue/earnings remain uncertain.
ONDS
Bullish
Niche technology exposure that could recover with contract wins.
Bearish
One of many small names hit hard after speculative rallies faded.
PLTR
Bullish
Delivered strong recent earnings growth (>50%), which restored momentum for 2025.
Bearish
Volatility tied to narrative; multiple can compress if growth disappoints.
HOOD
3 price targets
15013097
Bullish
Recovered from mid-teens to >130 after S&P inclusion and strong recent earnings growth.
Bearish
Price volatility after S&P inclusion and narrative-driven moves; downside if user metrics soften.
AMZN
1 price targets
200
Bullish
AWS is a durable long-term growth engine; speaker views AMZN as a cornerstone buy for the next decade.
Bearish
AWS outage and any sign of deceleration could materially hurt guidance and trigger a drop below $200.
GOOGL
1 price targets
245
Bullish
Platform advantages with creator economy exposure make Google attractive over content-heavy peers.
Bearish
Intraday weakness observed; ad and search could slow, pressuring near-term multiples.
NFLX
Bullish
Large subscriber base and long-term content moat; speaker calls the quarter a 'nothing burger' for long-term holders.
Bearish
Missed EPS by ~16% driven by unexpected Brazilian tax headwind and weaker operating margin.
AAPL
Bullish
Quality company with buybacks (~$100B) and steady revenue growth; supports broader bull market.
Bearish
High multiple (reported ~35x) could be questioned if growth slows materially.
AMD
Bullish
Cited as a quality company needed to sustain the bull market via real earnings.
Bearish
Could face cyclical pressures if broader tech momentum fades.
MP
Bullish
Commodity/rare-earth exposure could benefit from supply tightness longer term.
Bearish
Rare earth names down heavily amid rotation away from thematic trades.
USAR
Bullish
Strategic materials play if demand/supply narratives persist.
Bearish
Down ~20% with other rare earths on thematic re-pricing.
D-WAVE
Bullish
Potential long-term upside if quantum tech commercializes successfully.
Bearish
Speculative quantum-related weakness after rapid run-up.
SMR
Bullish
SMR exposure to small modular reactors could pay off if projects progress.
Bearish
SMR and other nuclear-related names pulled back after narrative-fueled rallies.
NANO NUCLEAR
Bullish
Long-term thematic upside if nuclear adoption accelerates.
Bearish
Down sharply alongside other nuclear and energy narrative plays.
People mentioned
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