AI Summary
5 min readGoogle and Amazon Cloud Revenue Surges, Meta Tanks After Earnings
Jerome Powell's final Fed meeting ended with four dissenting votes—the most since 1992—as three regional presidents wanted to drop language hinting at future rate cuts, while Steven Moran dissented because he actually wanted a cut. The Fed held rates steady at 3.5 to 3.75 percent, but the internal division signals a rocky handoff to incoming Chair Kevin Warsh on May 15th. Powell also announced he would stay on as Fed governor, citing legal pressure from the Trump administration that left him "no choice." Meanwhile, oil prices spiked to a wartime high of $126 a barrel for Brent crude before pulling back to around $116, and the S&P 500 barely moved, dropping less than a tenth of a percent.
Google and Amazon Crush Cloud Earnings
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What you'll learn
- 1 (00:00) **Show Open & Market Context** - Host Zaydad Mani introduces the episode covering Powell's last Fed meeting and big tech earnings.
- 2 (00:57) **Fed Meeting: Divided Dissent and Powell's Future** - The Fed held rates steady at 3.5%-3.75%, but internal disagreement was the biggest surprise.
- 3 (01:55) **Alphabet Earnings: Cloud Revenue Surges** - Google's parent company crushed Q1 with $110B in revenue, up 22% YoY.
- 4 (03:54) **Amazon Earnings: AWS Growth Accelerates** - Amazon reported $181B in Q1 revenue, up 17%, with AWS growing 28% to $37.6B.
- 5 (05:36) **Microsoft Earnings: Solid but No Momentum** - Revenue grew 18% to $82.9B, Azure grew 40%, but cloud growth rate stayed flat versus accelerating rivals.
- 6 (06:56) **Meta Earnings: Stock Crushed Despite Strong Revenue** - Revenue surged 33% to $56B, the biggest increase in nearly five years, driven by AI-powered ad targeting.
- 7 (08:07) **Stock Moves: Eli Lilly Surges, KLA Corp Drops** - Eli Lilly crushed Q1 with 56% revenue growth to $19.8B, driven by GLP-1 drugs Mounjaro and Zepbound.
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Guests on this episode
Show Notes
Market update for Thursday April 30, 2026
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In today’s episode, Zaid covers:
- Jerome Powell's last Fed meeting and what comes next
- Google crushes earnings, cloud revenue surges 63% to $20B
- Amazon's AWS grows 28%, fastest pace in nearly four years
- Microsoft beats estimates but stock drops as cloud momentum stalls
- Meta revenue jumps 33% but stock tanks on raised AI spending and user decline
- Eli Lilly blows past estimates, Zepbound and Mounjaro sales skyrocket
- Fun fact; 69% of Polymarket traders are losing money
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