5 Stocks to Watch (Oct 26-30): Microsoft, Alphabet, Amazon, Intel, and Sandisk



• Over US$11 trillion worth of Big Tech stocks to report earnings Wed, Oct 28 - Thur, Oct 29, amid rising AI overspending fears

• Microsoft reports on Wed, Oct 28*; stocks forecasted to move 4.4% up/down after

• Alphabet reports on Wed, Oct 28*; stocks forecasted to move 5% up/down after

• Amazon reports on Thur, Oct 29*; stocks forecasted to move 6.66% up/down after

• Intel reports on Thur, Oct 29*; stocks forecasted to move 7.8% up/down after

• Sandisk reports on Thur, Oct 29*; stocks forecasted to move 7.5% up/down after

^{*earnings announcement due after US markets close}



Over US$ 11 trillion worth of Big Tech stocks will report earnings in just 48 hours!



3 themes tying them all together: AI spending, cloud growth, and a semiconductor recovery.

For context, markets have been rather unforgiving of late regarding the expected returns on the massive AI capex.

Just look at Meta, which reported earnings last week, with the stock then plummeting 7% the day after to hit a 6-week low.

Such fears are casting a dark cloud over the incoming earnings, though the market's verdict is still set to produce sizeable trading opportunities.



Here is everything you need to know, including forecasted post-earnings reactions for each stock:



Microsoft (MSFT) to post new ATH, breach US$4T market cap again?



Microsoft is set to report its earnings after US markets close on Wed, Oct 28th.

Just yesterday (Mon, Oct 26), Microsoft announced a buy-out for 60,000 workers as part of its cost-cutting/AI restructuring efforts.

• Market Cap: US$3.955 trillion

• Year-to-date stock performance: +10.1%



🔑 Key Earnings Theme: Are Azure sales and Copilot seats accelerating?

• Azure cloud growth is the single most-watched number: analysts expect ~35% growth. Anything above that is a win; anything below is a problem

• Microsoft's AI Copilot products are now embedded across its entire product suite (Word, Excel, Teams, GitHub), but the number of paid seats would signal the pace of AI adoption.

Markets predict Microsoft stocks could move 4.4% up/down after its earnings release.

At the time of writing, MSFT sits just some 3.65% below its all-time intraday high of $552.87 posted on Bybit platforms a year ago (Oct 28th, 2025).

Trade Microsoft perps now

POTENTIAL SCENARIOS

• UPSIDE: MSFT may post a new record high above $556 if Azure growth beats 35% and forward earnings guidance impresses with broader paid-Copilot adoption

• DOWNSIDE: MSFT slides toward $509.27, with added support potentially around its 50-day simple moving average (SMA), if Azure growth disappoints or capex guidance shocks to the upside.

Over the next 12 months, analysts surveyed by Bloomberg predict that Microsoft shares could rise 13%.

Invest in Microsoft stocks







Alphabet (GOOG) to find psychological support at $300?



Alphabet is set to report its earnings after US markets close on Wed, Oct 28th.

• Market Cap: US$3.86 trillion

• Year-to-date stock performance: +0.1%



🔑 Key Earnings Theme: Is Google Search AI-proof?

• The big fear: AI chatbots like Meta's Muse and OpenAI's ChatGPT are eating into Google Search - the engine that drives ~57% of Alphabet's revenue.

• The big hope: Alphabet's own Gemini AI models are being embedded directly into Search - and early data suggests AI Overviews are actually increasing user engagement. TPU sales may also boost Alphabet's cloud revenue, in light of existing commitments from the likes of Anthropic to Blackstone.

Markets predict Alphabet stocks could move 5% up/down after its earnings release.

At the time of writing, Alphabet shares have already hit a 6-month low.

Trade GOOGL perps now

POTENTIAL SCENARIOS

• UPSIDE: GOOG could rebound to $330 if Search revenue accelerates, Gemini AI shows clear monetisation progress, and TPU sales boost the 2027 earnings outlook

• DOWNSIDE: GOOG may slide and test the $300 big round number for psychological support if Search growth disappoints, cloud (Google Cloud) misses expectations, or AI capex plans spook markets once more.

Over the next 12 months, analysts surveyed by Bloomberg predict Alphabet shares could rise 35%.

Invest in GOOGL stocks







Amazon (AMZN) to hit 3-month low?



Amazon is set to report its earnings after US markets close on Thur, Oct 29th.

• Market Cap: US$ 2.687 trillion

• Year-to-date stock performance: +7.9%



🔑 Key Earnings Theme: Amazon Web Services (AWS) margins - is the AI buildout paying off?

• AWS is Amazon's profit engine: it generates the cash that funds everything else, from Prime to Alexa to logistics.

• Amazon has been spending aggressively on AI data centres, with capex rising by almost $100 billion more this year to $194 billion (vs. 2025's $96 billion).

In short, investors want to see that spending translate into higher AWS margins - not just higher revenue.

Markets predict Amazon stocks could move 6.66% up/down after its earnings release.

In recent days, AMZN is once again testing critical support around the $247 mark, as it did on a couple of episodes in September.

Trade Amazon perps now

POTENTIAL SCENARIOS

• UPSIDE: AMZN may re-test resistance around $265, as it has done on multiple occasions since mid-August, if AWS margins expand and Q4 guidance beats expectations while capex plans do not alarm markets.

• DOWNSIDE: AMZN may re-test support around the $227-$230 region, as it did notably back in June and July 2026, if AWS margins disappoint or capex guidance for 2027 spooks investors.

Over the next 12 months, analysts surveyed by Bloomberg predict that Amazon shares could rise 34%.

Invest in Amazon stocks







Intel (INTC) to extend rebound off 200-day SMA?



Intel, the biggest maker of PC processors, is set to report its earnings after US markets close on Thur, Oct 29th.

• Market cap: US$ 478 billion

• Year-to-date stock performance: +145.2%



🔑 Key theme: Is the turnaround solid?

• Intel's CEO Lip-Bu Tan has been in the job since March 2025 and the stock has been one of the star performers so far in 2026 - among the 10 biggest year-to-date gainers on the S&P 500.

• While seeking to claw back AI market share, Intel is also looking to forge ahead, being in the early stages of becoming a semiconductor foundry while making inroads into quantum computing.

• However, despite AI overspending fears broadly, Intel appears to be spending less than its major competitors such as TSMC and Samsung.

Markets predict Intel stocks could move 7.8% up/down after its earnings release.

Recently, Intel appears to have found support at its 200-day simple moving average (SMA) - having not touched this technical indicator since August 2025.

Trade Intel perps now

POTENTIAL SCENARIOS

• UPSIDE: INTC could extend its rebound to $97.88 if turnaround progress remains credible while gross margin guidance improves.

• DOWNSIDE: INTC may slide below its 200-day SMA and touch $83.72 if turnaround traction slips, while confidence wanes about future-proofing Intel's business

Over the next 12 months, analysts surveyed by Bloomberg predict that Intel shares could rise 36.6%.

Invest in Intel stocks







Sandisk (SNDK) to extend rebound off 200-day SMA?

Sandisk is set to report its earnings after US markets close on Thur, Oct 29th.

• Market cap: US$ 181.5 billion

• Year-to-date stock performance: +429%



🔑 Key theme: Is the NAND memory recovery holding?

• Sandisk makes NAND flash memory - the storage chips inside your phone, laptop, and AI data centres - and has been hiking their product prices. AI servers need massive amounts of fast storage, and Sandisk is a key supplier.

• As of early August, Sandisk still has about US$ 91 billion of obligations from its customers. Investors want to see more new data-centre signings and contract extensions to beef up that number.

Markets predict Sandisk stocks could move 7.5% up/down after its earnings release.

Recently, Sandisk appears to have found support at its 200-day SMA for the first time since it spun off from Western Digital and began trading independently in Feb 2025.

Trade Sandisk perps now

POTENTIAL SCENARIOS

• UPSIDE: SNDK may hit $1347.50 if NAND pricing can keep growing, and AI storage demand is bullish.

• DOWNSIDE: SNDK may slide to $1159.50 if NAND pricing growth shows signs of rolling over, while customer obligations momentum appears sluggish for the years ahead.

Over the next 12 months, analysts surveyed by Bloomberg predict that Sandisk shares could rise 82%.

Invest in Sandisk stocks







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