Meta and Tesla Both Beat Expectations in After-Hours Earnings; Muse Users Surpass 10 Million
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Meta and Tesla each topped Wall Street EPS estimates after the October 22 close, sending both stocks higher in after-hours trading. This means → the tech rally that started with Nvidia's GTC keynote during the session now has after-hours earnings confirmation behind it.
Why did the broader market rally?
The S&P 500 rose 0.60% to 7,759, the Nasdaq 100 gained 1.20% to 29,845, and the Dow added 0.69% to 52,857.
The main catalyst was Nvidia's GTC keynote — Google Cloud announced it would scale Nvidia's Vera Rubin infrastructure to 960,000 GPUs.
This means → the session's tech gains were not broad sentiment — they were driven by a concrete step-up in AI infrastructure spending.
Meta beat on revenue — so why was EPS dragged down?
Meta's Q3 revenue topped expectations, but EPS was weighed down by a $9.89 billion litigation charge.
On the same day, a New Mexico judge ruled Meta must pay $25 billion for misleading users on data handling and Facebook misinformation controls.
In plain terms = the core business delivered, but the "lawsuit bill" cut into profits. The stock still rose roughly 3.5%–5% after hours, signaling the market cares more about the growth trajectory.
What is Muse, and why does it matter?
Muse is Meta's personal AI agent app — an AI assistant that helps users shop, search, and complete tasks. Since its September launch, it has crossed 10 million users.
More than one in four users have completed a purchase through Muse, with an average transaction above $200. Meta plans to monetize the app by "taking a small fee from transactions."
This means → Muse is not just a chatbot. It is Meta's entry into a closed-loop AI commerce model — one that earns a cut every time a user buys something.
What is the biggest risk for Muse?
Forrester analyst Kate Winick flagged the core uncertainty: the more data Muse collects, the better it works — but consumer trust in Meta remains low overall.
She added that Meta has long operated on a "data-for-convenience" bargain — users keep using the product as long as the experience is good enough.
In plain terms = Muse's business model demands users hand over more data, but Meta's privacy reputation is its weakest link. Whether this works depends on the product being good enough that people use it despite knowing the trade-off.
How did Tesla and other companies perform?
Tesla beat Q3 EPS estimates; its stock rose roughly 2% after hours.
Texas Instruments, IBM, and Lam Research all reported above-consensus results. SAP issued full-year adjusted operating profit guidance above expectations.
This reflects a broad "beat across the board" pattern in after-hours earnings — not one company, but multiple tech and semiconductor names sending positive signals simultaneously.
What comes next?
During the session, reports that the State Department was preparing to pull some staff from Gulf-region embassies briefly weighed on risk appetite — Brent crude rose while Treasury futures and S&P 500 futures dipped.
Separately, a reported drone strike on Saudi Aramco's Shaybah field added to oil-market tension, though EIA data showing a larger-than-expected weekly drawdown in crude inventories supported prices.
In plain terms = geopolitical risk has not gone away, but the earnings beats are, for now, overriding the anxiety. Whether Meta's and Tesla's after-hours gains hold into the regular session will be the key test of this tech rally's staying power.
市场有风险，内容仅供研究参考，不构成投资建议。