According to @EricBalchunas, the Mag 7 group trades at 36.8x earnings, below the 47.3x multiple seen in 2021 and far below the roughly 80x for the 1990s Four Horsemen (Cisco, Microsoft, Dell, Intel) before the dot-com crash (source: @EricBalchunas on X, Nov 21, 2025). For trading context, this indicates mega-cap tech valuations are elevated but not at late-1990s extremes, limiting direct comparisons to the dot-com bubble from a multiples perspective (source: @EricBalchunas on X, Nov 21, 2025). Practically, the lower current multiple versus 2021 suggests de-rating risk attributed purely to valuation is less extreme than prior peaks, though the post provides no forecast or timing guidance (source: @EricBalchunas on X, Nov 21, 2025). The post does not mention crypto; no explicit BTC or ETH signal is provided, and no direct crypto market linkage is stated (source: @EricBalchunas on X, Nov 21, 2025).

According to @StockMKTNewz, today’s after-hours earnings lineup includes Microsoft (MSFT), Meta Platforms (META), Alphabet/Google (GOOGL), Starbucks (SBUX), MercadoLibre (MELI), Chipotle (CMG), ServiceNow (NOW), and Carvana (CVNA), setting up a busy extended session for traders; source: @StockMKTNewz on X, Oct 29, 2025. Clustered mega-cap reports can amplify price swings in extended-hours because liquidity is thinner and spreads can widen, increasing gap risk into tomorrow’s open; source: U.S. SEC Investor.gov, After-Hours Trading. Given the post-2020 rise in co-movements between crypto and U.S. equities, crypto traders should monitor BTC and ETH for spillover from any large tech earnings surprises; source: International Monetary Fund analysis on increased crypto–stock correlation. Bitcoin and Ether can react in the same session because CME Bitcoin and Ether futures trade nearly around-the-clock on weekdays, enabling price discovery around U.S. after-hours events; source: CME Group contract hours.

According to @StockMKTNewz, a U.S. judge ruled that Google (GOOGL) is not required to end payments to Apple (AAPL) and other partners for preloading Google products, as reported by Reuters. This keeps Google’s distribution and default-search deals intact in the near term, supporting search traffic and ad query volume, per Reuters and Alphabet’s 2023 Form 10-K disclosures about reliance on distribution agreements and traffic acquisition costs. It also indicates Apple will continue receiving search-related licensing payments under the existing arrangement, consistent with the U.S. Department of Justice’s 2020 antitrust complaint describing Google’s default-search payments to Apple and as referenced by Reuters. For trading, the ruling reduces immediate disruption risk to GOOGL’s search monetization and supports AAPL’s Services narrative, while crypto could react via risk sentiment because Bitcoin (BTC) has shown increased correlation with U.S. equities since 2020, per the International Monetary Fund’s 2022 analysis and Reuters’ report on the ruling. Monitor GOOGL and AAPL at the open alongside Nasdaq proxies (e.g., QQQ) and crypto majors BTC and ETH for correlation-driven moves off the court headline, with the catalyst confirmed by Reuters.