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· Post-Market Alpha · by Buzzberg Research
Meta's revenue beat estimates while operating income fell 37%, and Meta said Muse has not launched globally because it is compute-intensive; Bubbleboi called CoreWeave bonds a no-brainer, more so than the equity.
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Meta print
Meta beat revenue estimates, raised full-year expense guidance to $175-179 billion and created non-voting Class C stock; Zerohedge said shares erased most after-hours gains after the CFO warned that significant investment will raise serving
Neocloud credit
PhotonCap put CoreWeave's unsecured debt yield at 15%, while Unusual Whales flagged $17.05 million of CoreWeave calls and $13.6 million of Nebius calls bought.
Chip equipment
Lam reported $8.22 billion of revenue against an $8.13 billion estimate and gave a preliminary 2027 wafer equipment outlook above $200 billion; Paradis Labs said the tiny beat seemed not good enough for the market.
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Market Radar →Meta said Muse has not launched globally because it is compute-intensive
Meta said one of the biggest constraints on Muse so far is that it is a compute-intensive service to run, so it has not launched it globally, and that it wants to build enough compute to serve a billion-plus people.
$META: "we want to make sure that we have built enough compute to be able to serve what we think
@pequityresearch read it as Meta wanting more compute, not less.
Source →Bubbleboi called CoreWeave bonds a no-brainer, more so than the equity
Bubbleboi said CoreWeave's bonds are a no-brainer right now, more so than its equity.
Core weave bonds a no brainer right now, more so than equity.
The view favors CoreWeave's debt over its stock.
Source →Meta's operating income fell 37% to $12.99 billion despite a revenue beat
Revenue was $64.60 billion, up 26% year over year, against a $63.33 billion estimate, but operating income fell 37% to $12.99 billion against a $20.85 billion estimate, and operating margin was 20% against 40% a year earlier.
$META Bloomberg) -- Meta reported revenue for the third quarter that beat the average analyst estimate.
Advertising revenue rose 26% while Family of Apps operating income fell 31%.
Source →Micron said it will not pursue 4F2 DRAM and sees memory supply tight for at least two years
Micron president and CTO Scott DeBoer said 4F2 DRAM offers little density benefit over 6F2 designs, laid out second-half 2027 ramps for 1-delta DRAM and G11 NAND with over 400 layers, and said HBM4 is in high-volume production.
On a call with analysts Oct 21, Micron president and CTO Scott DeBoer said 4F2 DRAM offers little density benefit
It answers the Oct 12 news that CXMT plans 4F2 DDR5 modules, which had sold off memory stocks.
Watch The 1-delta DRAM ramp in the second half of 2027, aimed at HBM5 and vertical HBM.
Source →AI-related US dollar corporate bond issuance has reached a record $419 billion in 2026
Issuance is up 90% from full-year 2025; Alphabet, Amazon, Meta, Microsoft and Oracle have issued a combined $157 billion, or 37% of the total, while investment-grade and high-yield data center and computing companies have raised $66 billion and $37 billion.
AI-related borrowing is skyrocketing. US Dollar-denominated AI-related corporate bond issuance is up to $419 billion so far in 2026, the
Corporate borrowing is a growing source of funding for the AI buildout.
Source →