Gold notches new record | Bitcoin $200 away from record | Google-parent Alphabet results were better than expected reflects magnificent things expected from Microsoft, Amazon ahead

Investors are increasing their bets of a potential Donald Trump win next week, with Trump Media $Trump Media & Technology (DJT.US)$ shares now up 357% from September, rising almost $8 billion in value. So if you invested $1000 in DJT, when the polls and betting agencies started suggesting Trump would win, you’d now have $4,570. Meanwhile, Bitcoin is just $200 away from a brand new record all time high, it’s now over $72k for the first time since March. If Trump gets in some are expecting Trump to allow the cryptocurrency, BTC, to be used more as a currency.

In terms of company news  - after the market close Google owner Alphabet $Alphabet-C (GOOG.US)$ shares lifted 5.5% after they reported better than expected earnings from greater than forecast Google Cloud growth. The world’s fourth biggest company by market size report revenues rose to a $88.2 billion record high, surpassing the $72.8 billion expected. A huge beat. Google is the third biggest cloud provider in the market, after Amazon $Amazon (AMZN.US)$ and Microsoft $Microsoft (MSFT.US)$. But this results shows us that the cloud market is so large, there is more than one winner in the market, as companies increasingly use Google’s cloud  - which is expected to continue. And that is expected to bolster its revenue and support share price growth.

Google $Alphabet-C (GOOG.US)$ results also highlight that contrary to what my Mum might think, Google is NOT dependent on its 'search' business to grow revenue. And guess what? Google revenue in its eclectic collection of other businesses GREW, with growth in its self-driving car Waymo, and its life sciences divisions. Meanwhile, Google also announced it’s investing BIG in nuclear power to handle its future load of tech.

Google is the largest company to report so far this earnings season. After Tesla’s $Tesla (TSLA.US)$ blow out earnings perhaps their results show that we can expect great things from the other Magnificent 7 names such as, Microsoft $Microsoft (MSFT.US)$ and Meta $Meta Platforms (META.US)$ and Apple $Apple (AAPL.US)$ when they report this week as well.  

Also consider Google’s biggest supplier is Nvidia. In other words, Nvidia’s biggest customer is Google, and accounts for almost 6% of its sales. Microsoft accounts for 18% of Nvidia sales. Meta accounts for 10% of Nvidia revenue. Amazon accounts for 5% of Nvidia sales. So if we get better than expected results from the these companies… it could further boost Nvidia, the Nasdaq $NASDAQ 100 Index (.NDX.US)$ and S&P500 $S&P 500 Index (.SPX.US)$  - But we get disappointments.. markets could fall.

The below diagram demonstrates who Alphabet $Alphabet-A (GOOGL.US)$'s customer are on the right. And  on the left who Alphabet's suppliers are. Including Nvidia $NVIDIA (NVDA.US)$ and Broadcom $Broadcom (AVGO.US)$and SK Synix $SK HYNIX INC (HXSCF.US)$.