--- title: "MRVL outlook ignites rally; SpaceX plans to borrow $40bn to bulk-buy NVDA | Daily News Recap" type: "Topics" locale: "en" url: "https://longbridge.com/en/dolphin/post/44216315.md" description: "Oct 7 | Dolphin Research Focus: Macro/Industry β€” the 10Y UST yield hit 5.3%, the highest intraday level since 2002. European bonds sold off in tandem, with France at the center of the storm. Long-end yields pushed to new highs globally while the S&P 500 hovered near record highs, underscoring a sharp stock-bond divergence.Ray Dalio warned the U.S. debt cycle is nearing its limit, with earnings (not multiple expansion) propping up equities for now. If rates keep rising, high-valuation tech would be first in the firing line. Single stocks β€” $Marvell Tech(MRVL.US) at its Investor Day..." datetime: "2026-10-07T08:25:54.000Z" locales: - [en](https://longbridge.com/en/dolphin/post/44216315.md) - [zh-CN](https://longbridge.com/zh-CN/dolphin/post/44216315.md) - [zh-HK](https://longbridge.com/zh-HK/dolphin/post/44216315.md) author: "[Dolphin Research](https://longbridge.com/en/dolphin.md)" generator: "portal-rs" --- # MRVL outlook ignites rally; SpaceX plans to borrow $40bn to bulk-buy NVDA | Daily News Recap ## 1007 ｜**Dolphin Focus:** ## 🐬 Macro / Sector **1.** UST 10Y yield hit 5.3% intraday, the highest since 2002. European bonds sold off in tandem, with France at the epicenter, as long-end rates globally pressed to new highs, while the S&P 500 still hovers near an ATH, highlighting a sharp equity-bond divergence. Ray Dalio warned the U.S. debt cycle is nearing its limit, with earnings (not multiple expansion) currently supporting stocks; if rates rise further, high-multiple tech would likely be hit first. ## 🐬 Single Stocks **1.**$Marvell Tech(MRVL.US) At Investor Day, MRVL raised its FY2028 revenue target to $20bn (prev. $18bn) and guided FY2031 to $70–90bn, driven by stronger demand for AI data-center and custom interconnect chips. Shares jumped as much as ~9% intraday after the update. The uplift reflects robust AI infra demand and custom silicon as a growth engine, but the stock already prices in optimism; sustained high growth will hinge on cloud capex actually materializing, and Dolphin Research will post a brief note shortly. **2.**$SpaceX(SPCX.US) Media reports say SpaceX plans to raise $40bn led by Apollo, via a $10bn bank loan plus $30bn IG bonds, to fund large-scale procurement of NVIDIA AI chips, with the deal expected to close in 2027. The build-out fully bets on NVIDIA's Vera Rubin architecture, underscoring unprecedented AI compute capex and a shift from aerospace to compute operator. Heavy leverage adds debt pressure and benefits NVIDIA's order outlook, but execution on financing remains uncertain. **3.**$Alphabet(GOOGL.US) Google open-sourced EmbeddingGemma 2, a multimodal embedding model with 740mn parameters that unifies text, image, audio and video into vectors, released under Apache 2.0 for commercial use. It targets on-device local inference and privacy RAG use cases, with benchmarks showing clear gains over the prior gen. This fills on-device multimodal embedding capability, lowers the bar for developers building retrieval-augmented apps, and strengthens the Gemma ecosystem amid open-source competition. **4.**$Apple(AAPL.US) Media reports that Apple and LG are deepening collaboration on smart-home hardware, co-developing smart locks, indoor/outdoor security cameras, doorbells and thermostats. LG will build and sell the devices under its brand, integrated with Apple Home and paired with HomePod mini and the set-top box, with launches in the coming months. Apple is opting not to make its own hardware, using partnerships to rapidly round out the Home hardware matrix in an asset-light way to counter Google Home, a positive for the broader HomeKit supply chain. ## 🐬 Top-Performing Sectors **A-share:** life science tools & services, biotech. Food distributors. **HK:** insurance brokers, stadiums and other leisure facilities. Furniture/home/DIY retailers. **U.S.:** independent power and renewable IPPs, coal & consumable fuels. Communication equipment. ## 🐬 Watch for Tomorrow U.S. Aug wholesale sales MoM. Risk disclosure and statement: [ζ΅·θ±šη ”η©Άε…θ΄£ε£°ζ˜ŽεŠδΈ€θˆ¬ζŠ«ιœ²](https://support.longbridge.global/topics/misc/dolphin-disclaimer) ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [MRVL.US](https://longbridge.com/en/quote/MRVL.US.md) - [GOOGN.US](https://longbridge.com/en/quote/GOOGN.US.md) - [UXSD.SG](https://longbridge.com/en/quote/UXSD.SG.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**