Microsoft Corp（MSFT）の株式分析MSFTMicrosoft Corp

#GateQ3ReportReleased Gate Q3 2026 Report: From a Crypto Trading Powerhouse to a Full Multi-Asset Financial Ecosystem Gate's Q3 2026 performance highlights a major shift in the digital finance industry. The platform is no longer focused solely on crypto trading; it is building a connected financial ecosystem that brings crypto markets, global equities, tokenized stocks, wealth management, and innovative financial services together in one account. 1. Trading growth reflects continued market strength In September, Gate's core trading markets performed well. Derivatives volume reached $396 billion, up 38.2% quarter over quarter; spot volume climbed to $48.8 billion, up 21.9%. Gate ranked among the top three global centralized derivatives exchanges with a 10.1% market share. CryptoQuant also reported that Gate's 30-day spot volume in August grew 667%, ranking first across the industry. RWA perpetual contract market share reached 9.1%, ranking third globally. These figures show the platform's expanding influence across both traditional and digital asset markets. 2. ETFs, options, and CrossEx expand opportunities Gate's quarterly ETF volume approached 60 billion USDT, with supported ETF trading pairs expanding to 424. Options volume grew 23.8% quarter over quarter, and new options users surged 52.1%. CrossEx also saw substantial growth, with quarterly volume up 63%, retained assets up 902%, and trading users up about 315%. These results highlight growing participation across different trading products. 3. Global equities and tokenized stocks Gate has expanded its services to cover more than 12,800 stocks and ETFs across the US, Hong Kong, South Korea, and Japan. This includes over 10,000 US stocks, about 1,500 Hong Kong stocks, 1,000 South Korean stocks, and 300 Japanese stocks. Users can access 24/7 trading, fractional trading with a minimum of 0.01 shares, and USDT settlement. Meanwhile, gStocks monthly volume in August exceeded $2.5 billion, stock assets under management surpassed $200 million, and cumulative volume topped $2 billion. Gate ranked among the top two platforms globally for comprehensive competitiveness in stock spot trading. More than 40 trading pairs added in July drove activity in assets such as NVIDIA, Tesla, Microsoft, AMD, Meta, and major ETFs. 4. Wealth management is becoming a key growth engine Simple Earn assets under management exceeded $1.85 billion, up more than 24% quarter over quarter; USDT assets grew nearly 11%. Gate launched flexible subscription options for another 85 assets, with a focus on gStocks, and added 25 fixed-term Earn products covering USDT, USDE, and USDPT. VIP Fixed Term Earn attracted over 290 million USDT in subscriptions, with USDT Earn annualized yield reaching up to 11% during the promotional period. Gate Staking assets under management peaked above $1.27 billion, up more than 57% from the end of Q2. Idle Earn, supporting USDT, USDC, and USD1, accumulated over $300 million in held assets. 5. Reserves, transparency, and long-term sustainability In August, Gate reported reserve assets of $8.215 billion and a total reserve ratio of 127%. Cumulative GT token burn reached about 192 million, equivalent to a 63.98% reduction from the initial supply. CoinDesk coverage also confirmed September derivatives volume and Gate's top-three ranking. Beyond these figures, the Gate ecosystem also includes CFDs across multiple asset classes, Gate Card, Gate Layer, and other payment and infrastructure services. My view What impressed me most is the diversification of Gate's growth. Strong derivatives and spot markets are being complemented by global equities, tokenized stocks, yield products, staking, and financial infrastructure. This gives users more ways to access different markets without relying on a single product category. However, growth figures alone do not guarantee future performance. Liquidity, risk management, product transparency, and sustainable returns remain important considerations. Gate's Q3 2026 results present a compelling picture: an evolving multi-asset platform. The next challenge is to sustain this momentum while continuing to strengthen user trust, improve product quality, and create long-term ecosystem value. #ShareWeekly #内容挖矿 #weeklyshare #WCTCS9 [@Gate_Square](gt://mention/g1UZydKt-c9b1A62Hq)

US earnings season has reached Big Tech week, so here are my own thoughts. This quarter everyone really cares about just one thing: whether the money earned is enough to support current stock prices. S&P 500 Q3 expected earnings are up about 30% year over year, but the 10-year Treasury yield is back at 5%, and with rate pressure high, companies must beat expectations to stay stable, yet most expectations have already been priced in by the market in advance. The next two weeks are key (all after U.S. market close): 10/21 Tesla and Meta have already reported; 10/28 Microsoft and Google; 10/29 Amazon, Apple, and Coinbase; Nvidia around 11/17. I think the real focus is not how much is earned in a single quarter, but whether the money burned on AI is actually coming back. The seven giants' capex next year is expected to reach $1.1 trillion, off-balance-sheet commitments have piled up to $1.5 trillion, and free cash flow is already starting to tighten. Whether cloud business can still grow determines whether this valuation holds steady. This is also relevant to those of us trading crypto: Nvidia is the master switch for risk appetite, Coinbase and MSTR report in the same week, and when the Nasdaq moves, BTC follows. Volatility amplifies during earnings week, so those trading contracts should tighten stop-loss and position sizing, and avoid getting swept by single-day gaps. Not investment advice, don't get carried away. (AAPLBUSDT) (GOOGLUSDT) (METAUSDT) #StockEarningsSeason

#USEarningsSeason #USStocksEarningsSeason #ShareWeekly $AAPL $TSLA $META Meta revenue beat expectations but still closed down about 7%. Tesla EPS beat expectations but closed down about 3%. The tech index fell 2.6% on the same trading day. My view: the standard for this earnings season is no longer whether results beat expectations, but cash flow and what these expenditures actually delivered. 1. For now, an earnings beat is not a buy signal Meta's third-quarter revenue was about $64.6 billion, up 26% year over year and above expectations. Tesla reported EPS of $0.48 versus market expectations of about $0.45. Both companies were sold off. The selloff after positive news shows the market is focused on what was paid for the growth, not whether the numbers cleared the expected threshold. 2. Meta's problem is where the money comes from A detailed report showed Meta's capital expenditure this quarter was about $34.9 billion, while operating cash flow was about $32.8 billion, so free cash flow fell to about -$2.1 billion. My calculation: capital expenditure rose about 80% year over year while revenue grew 26%, and capital expenditure was about 54% of revenue. There was also $9.9 billion in legal-related expenses, and the company announced a new non-voting share class to help fund AI. Next-quarter revenue guidance ($73B to $76B) was strong, but that answers the growth question, not the funding question. 3. Tesla cut spending and still did not win market recognition Gross margin recovered to 19.6% from 16.8% in the prior quarter, capital expenditure fell from $5.8 billion to about $4.7 billion, and free cash flow was positive. But revenue was flat at about $28 billion, and operating profit reportedly fell about 56% as AI and Optimus-related costs grew faster than gross profit. My read: the lower capital expenditure plan was seen as a sign of doubt about the robotics business rather than a reassuring signal. 4. Where my charts stand (from my daily chart) META 645: about 0.3% above my support at 643.44, below three moving averages, RSI near 39. Room to my 776.54 level is about 20%. NVDA 212: 1.35% above support at 209.46, with about 14% room to resistance at 242.56. RSI near 38.5. TSLA 373: 4.6% to 390.41 above and 6.5% to 349.04 below. This setup is not worth entering early for me. AAPL 348.5: 0.3% below my 349.43 level, RSI near 65. The only strong chart among the four. 5. The calendar decides the next move Microsoft and Alphabet report on October 28, Amazon on October 29, and Apple on November 2 after the US market close. Nvidia is expected to report around November 18, but I have not seen a confirmed date. Its guidance is about $108B (plus or minus 2%), while last quarter's actual came in about 6% above guidance. If that performance repeats, the result would be about $114B (my calculation, for illustration only). The market's threshold is an earnings beat plus a clear explanation of how spending will be funded. My view: this earnings season, I will not treat an earnings beat as a positive. Cash flow, the funding source for capital expenditure, and guidance are the scoring criteria. Before the October 28 and 29 reports, I will not chase strength; the levels I am watching are META 643.44 and NVDA 209.46. A daily close below either level would change my view. Not financial advice. Do you now care more about an EPS beat or free cash flow? Which do you think breaks support first: META at 643 or NVDA at 209?

#ShareWeekly #USEarningsSeason The current AI stock market is driven by a technology supercycle involving three pillars: hardware manufacturers such as $NVDA; data center infrastructure providers; and software and enterprise application developers such as Microsoft and Palantir. This large-scale growth brings significant earnings opportunities, but investors still need to watch for multiple challenges, such as already high stock valuations, highly concentrated capital expenditure among large enterprises, and limited global energy supply. To address volatility in this area, investors are advised not to focus on a single chip manufacturer but to diversify gradually across industries. Through a carefully planned strategy and a deeper understanding of the AI supply chain, investors can reduce risk while optimizing the long-term potential of this artificial intelligence trend. $WLD

Next week, US stocks will definitely be under pressure, with a large number of Q3 earnings reports due and expectations for Fed rate hikes. Fed rate hike expectations for December have already surged to 80%, and large funds will surely exit early to avoid risk. $SOXL tech stock valuations are already firmly suppressed. Add to that earnings from Microsoft, $MSFTB Google, and Amazon. Right now Wall Street only cares about money. If the earnings reports show that hundreds of billions are being spent on AI with only cash burn and no profit, it will absolutely trigger a new round of selling. Against the overall pressured backdrop, the script for memory chips is relatively clear. Although $SNDK and MU will most likely first fall along with the broader market, SK Hynix abandoning its US IPO has blocked NAND capacity expansion, greatly reducing supply-side pressure. The pullback is more than halfway through, and there is a high probability that earnings can recover part of it. Since the broader market is very likely to be under downward pressure next week overall, looking at those Binance contracts tracking US stocks over the weekend, liquidity is terribly poor, and every now and then there are midnight wicks that sweep long positions. With this kind of abnormal movement under liquidity exhaustion, it might be worth opening a short before the market opens, effectively positioning for next week's broader market in advance. #StockEarningsSeason #BinanceMarketWatcher