US Morning News Call | Bitcoin Falls Over 50% From October Peak Amid Market Correction

Key Takeaways:

• Bitcoin Falls Over 50% From October Peak Amid Market Correction

• Amazon's Stock Price Plummeted After Announcing High Capital Expenditure

• Intel, AMD Warn of Server CPU Supply Delays for Chinese Clients

• Roblox Reports Strong Q4 Revenue Beat and Positive 2026 Bookings Outlook

• Reddit Stock Surges on Better-Than-Expected Q4 Earnings

• Key Earnings: AMZN, MSTR, IREN etc.

🔔Before the Bell

Stock futures rose on Friday, while $XAU/USD (XAUUSD.CFD)$ increasing 2.33%.

$E-mini NASDAQ 100 Futures (JUN6) (NQmain.US)$ went up by 0.79%;

$E-mini S&P 500 Futures (JUN6) (ESmain.US)$ went up by 0.62%;

$E-mini Dow Futures (JUN6) (YMmain.US)$ went up by 0.51%.

Amazon's Stock Price Plummeted After Announcing High Capital Expenditure

$Amazon (AMZN.US)$'s stock price plummeted after the release of its earnings report, primarily due to the announcement of high capital expenditures and the cloud business (AWS) operating income growth rate falling below 20%.

Intel, AMD Warn of Server CPU Supply Delays for Chinese Clients

$Intel (INTC.US)$ and $Advanced Micro Devices (AMD.US)$ have alerted Chinese customers to server CPU shortages, with delivery delays extending up to six months and eight to ten weeks respectively, Reuters reported on Friday.

FDA Commissioner Warns Against Copycat Drug Companies After Hims Launches Wegovy Alternative

FDA Commissioner Marty Makary warned of swift action against companies marketing illegal copycat drugs, following $Hims & Hers Health (HIMS.US)$'s launch of a cheaper alternative to $Novo-Nordisk A/S (NVO.US)$'s FDA-approved Wegovy pill.

Roblox Reports Strong Q4 Revenue Beat and Positive 2026 Bookings Outlook

$Roblox (RBLX.US)$ reported fourth-quarter results that exceeded revenue expectations and provided a stronger-than-expected outlook for fiscal 2026 bookings, leading to a 23% jump in share price.

Reddit Stock Surges on Better-Than-Expected Q4 Earnings

$Reddit (RDDT.US)$'s stock rose sharply in pre-marketing trading after reporting better-than-expected fourth-quarter results, with adjusted earnings of $1.24 per share and revenue of $726 million. The company also saw a 19% year-over-year increase in daily active unique visitors, reaching 121.4 million.

🪙Crypto News

$Bitcoin (BTC.CC)$ edged higher +5.31% to $66255.36; $Ethereum (ETH.CC)$ edged higher +5.26% to $1922.96.

Bitcoin Falls Over 50% From October Peak Amid Market Correction

Bitcoin declined over 50% from its October high, briefly touching $60,000 before rebounding to $66,650. US spot Bitcoin ETFs showed resilience with BTC holdings dropping only 6.6% despite the price crash. Crypto liquidations reached $700 million in four hours.

MicroStrategy Reports $12 Billion Quarterly Loss on Bitcoin Holdings Decline

MicroStrategy reported a $12 billion fourth-quarter loss as bitcoin declined 13% to $63,596.56 in its worst day since June 2022. The company holds 713,502 bitcoin with its holdings value now below market capitalization.

📆Market Events

Key Results

🔔Before Market

The market anticipates $AerCap Holdings (AER.US)$ revenue of $2.12 billion, up 2.49% YOY, with EPS at $3.13, a 12.08% YOY decrease.

The market anticipates $Centene (CNC.US)$ revenue of $48.35 billion, up 18.50% YOY, with EPS at -$1.522, swings to loss YoY.

The market anticipates $Philip Morris International (PM.US)$ revenue of $10.4 billion, up 7.18% YOY, with EPS at $1.513, turns a profit YoY.

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