StockMarket.News

$NVIDIA(NVDA.US) CEO Jensen Huang just weighed in on the AI selloff that has hammered chip stocks all week

"All of this is going to pass"

The comment crossed as a Bloomberg headline Friday afternoon, right as $NVIDIA(NVDA.US) wrapped up a 6.6% weekly drop. Shares closed at $214.13, down 1.4% on the day, after finishing last Friday at $229.28

It is the latest in a string of reassurances from Huang on his European tour. On Thursday he told Bloomberg in Stockholm that "CoreWeave's strength is improving every day" and that its cost of capital is actually decreasing

On the BG2 podcast released Thursday, he said new orders are arriving "almost weekly and daily," that frontier labs like OpenAI and Anthropic make up only about 25% to 30% of $NVIDIA(NVDA.US)'s computing activity, and that they "don't have to be anywhere near a trillion dollars in revenues to be successful"

The market is not buying it yet. US chip stocks had lost about $1.64T in market value over six sessions as of Thursday per Reuters, the VanEck Semiconductor ETF $SMH fell another 3.4% today, and the Nasdaq dropped 2.1% to close out its worst week since June

Huang is probably right that AI demand does not disappear because yields went up, and $NVIDIA(NVDA.US) is one of the few names in this trade sitting on real profits. But this selloff was never about whether customers want GPUs. It is about whether the debt funded buyers can keep paying for them with the 10 year near 5%, and no CEO quote fixes that. The tell is still $Coreweave(CRWV.US) and the neocloud bond market, not $NVIDIA(NVDA.US)'s order book

Source: StockMarket.News

Oil just settled above $100 while the Nasdaq closed out its worst week since June

Brent crude touched $110 a barrel for the first time since May and settled up 3.7% at $109.86, its highest close since May 19, per Reuters

WTI settled up 3.5% at $101.41, the highest since September 17

The jump came as attacks around the Strait of Hormuz surged over the past 10 days, a missile was intercepted near Saudi Arabia's Yanbu export port, and US lawmakers moved to block the Russia diesel deal. Crude is now up more than 70% this year per Bloomberg

Stocks went the other way. The Nasdaq fell 2.1% today and 4.5% on the week, and the S&P 500 lost about 1.1% today and 1.95% on the week. The Dow slipped 0.3% but still finished the week up 0.7%

Under the surface it was a full rotation. Tech $XLK fell 7.7% this week while energy $XLE rose 4.9%, with $ConocoPhillips(COP.US) up 9.3%, $Chevron(CVX.US) up 6.1% and $ExxonMobil(XOM.US) up 5.9%

$Chevron(CVX.US), $ConocoPhillips(COP.US), $Shell(SHEL.US), $BP PLC-Spons(BP.US), $APA(APA.US) and $Suncor Energy(SU.US) all hit new 52 week highs today, along with payments giants $Visa(V.US) and $Mastercard(MA.US). Health care also climbed to record highs

Oil above $100, a 10 year yield near 5% and two hot inflation prints in one week is a rough mix for the long duration AI names that led this market. The money is moving to companies that earn cash at today's prices instead of tomorrow's promises, and next week's $Tesla(TSLA.US), $Netflix(NFLX.US) and $Meta Platforms(META.US) earnings are big tech's first real shot at winning it back

Source: StockMarket.News

$Alphabet(GOOGL.US)'s Waymo is heading to Canada, picking Toronto as its first Canadian city with paid robotaxi rides targeted for 2028

Waymo cars start driving Toronto streets in the coming days, manually at first, with trained specialists behind the wheel building HD maps and validating the software under Ontario's Automated Vehicle Pilot Program

Toronto is Waymo's 4th announced market outside the US, after London, Tokyo and Singapore

Toronto based Element Fleet Management will run fleet operations, $Magna(MGA.US) is the manufacturing partner and the Canada Pension Plan Investment Board is a long term investor. Waymo says it and its partners will create hundreds of local jobs

The hurdle is regulation. Ontario's pilot is a testing framework, not a ride hailing licence, and per Electrek the regulation behind it is set to be revoked on October 13, 2027, months before Waymo wants to carry riders

In the US, Waymo is already doing more than 500,000 paid rides a week across over a dozen metros

$Alphabet(GOOGL.US) is down about 2.7% today near $340 as the AI selloff drags on big tech

Every new city adds to the case that Waymo is one of the most underappreciated pieces of $Alphabet(GOOGL.US). Two years and at least two Toronto winters of testing before a single paid ride looks slow, but it is the same playbook that built a half million rides a week business in the US. The real risk here is not the tech, it is whether Ontario writes commercial rules before its pilot runs out

Source: StockMarket.News

The Nasdaq 100 $QQQ is now down more than 2% today as the AI selloff picks up speed heading into the weekly close

The index is near 29,280, down about 5.2% this week from 30,883 last Friday

The Philadelphia Semiconductor Index is off about 2.6% today and roughly 10% on the week

The S&P 500 is down about 1%, while the Dow is only off about 0.4% and still up on the week as money rotates into banks and old economy names

$Coreweave(CRWV.US) is down about 11% and $Nebius(NBIS.US) about 10% as worries over CoreWeave's debt load keep spreading. Its 9.75% bonds due 2031 now yield above 15% per CNBC

$Palantir Tech(PLTR.US) is down about 7%, $AMD(AMD.US) and $Intel(INTC.US) about 4.5%, $Oracle(ORCL.US) and $Micron Tech(MU.US) about 4%, and $Meta Platforms(META.US) about 3.4%. $Apple(AAPL.US) is one of the few big tech names in the green

The VIX has jumped nearly 30% to above 21, and the 10 year Treasury yield is back near 5.11% after hotter than expected CPI and PPI prints this week

Per CNBC, 20 of the world's most valuable AI and chip stocks had already shed more than $1T in market value this week before today's drop

The market has stopped asking what AI can do and started asking who pays for it. With yields above 5% and the Fed leaning hawkish, the most debt heavy and highest multiple AI names are getting hit first while $Apple(AAPL.US), banks and the Dow hold up. That looks more like a repricing of AI funding risk than a broad growth scare, and the tell will be whether the neocloud credit stress spreads or stays contained

Source: StockMarket.News

China's biggest memory chipmaker CXMT just reported preliminary results for the first nine months of 2026, and the AI memory boom is showing up in a big way

Revenue is expected at 265B to 270B yuan, about $39.7B to $40.4B, up roughly 726% to 742% from about $4.8B in the same period last year

Net income is expected at 131B to 132.5B yuan, about $19.6B to $19.8B, flipping from a 5.28B yuan loss a year ago

That works out to a net margin near 49%

CXMT credited AI computing demand and a DRAM upcycle, with products in short supply and prices rising sharply, plus its own capacity expansion and process upgrades

Chairman Zhu Yiming also proposed buying back 1B to 2B yuan of the company's A shares

Per TrendForce, CXMT was already the world's 4th largest DRAM maker in Q2 with 9.5% share, up from 7.6% in Q1, behind Samsung at 39.4%, SK Hynix at 24.9% and $Micron Tech(MU.US) at 23.3%

$Micron Tech(MU.US) is down about 3.6% today near $898

A Chinese memory maker keeping nearly half of every dollar of sales as profit tells you how tight DRAM supply really is right now. The shortage is lifting everyone, but CXMT is also the one supplier outside the big three adding capacity this fast, and every point of share it takes in conventional DRAM is supply that leans on pricing once AI demand cools. Near term this confirms the memory upcycle. The longer term question for $Micron Tech(MU.US) is what CXMT's buildout does to prices when the cycle turns

Source: StockMarket.News

$Apple(AAPL.US) iPhone Duo pre-orders opened at 8 AM ET and sold out within minutes

Per AppleInsider, shipping dates slipped to Nov 16 and then Nov 23 for every model almost immediately after the window opened

First shipments and in-store sales still begin Oct 23, but online orders are already well past that. As orders kept stacking, some configurations later showed January 25 delivery windows

Apple is believed to have made fewer units than a typical iPhone launch, tied to manufacturing complexity on the new foldable design. It is also the most expensive iPhone Apple has ever sold

$Apple(AAPL.US) is up about 0.5% near $344

Apple's first foldable landing with instant backorders is the demand signal investors want to see from a new category. The catch is constrained launch supply, so the early sellout says as much about how few units were ready as it does about true demand. Watch how fast those delivery dates come back in as production ramps

Source: StockMarket.News

Anthropic's IPO valuation expectations just dropped from roughly $2T to around $1.5T, per Reuters

Some current and prospective investors who attended Anthropic's investor day in San Francisco on Wednesday are now discussing a $1.5T valuation for the November share sale

Anthropic told them Q3 revenue jumped 45% QoQ to $16.8B, and that it was profitable on an adjusted basis

The catch is the slowdown. Q2 revenue more than doubled from Q1 to $11.6B, so sequential growth went from over 100% to 45% in a single quarter

The Claude maker has also committed at least $518B over a decade to cloud, compute and infrastructure, with $Alphabet(GOOGL.US) and $Amazon(AMZN.US) acting as investors, compute suppliers and rivals all at once

This lands the same day $Coreweave(CRWV.US) shares and bonds got hit again over debt-funded AI buildouts

Even at $1.5T, investors would be paying about 22x Q3's annualized revenue for a company growing 45% a quarter that just turned an adjusted profit. That isn't the market calling Anthropic broken, it's the market putting a ceiling on the AI premium while rates and credit stress bite. This IPO is turning into the referendum on the whole AI trade, and a clean November pricing could reset sentiment for $NVIDIA(NVDA.US), $Amazon(AMZN.US) and $Alphabet(GOOGL.US) fast

Source: StockMarket.News

Thursday's new highs and new lows lists tell you exactly where the money is moving

Stocks that hit fresh 52 week lows today include $Coreweave(CRWV.US), $IREN(IREN.US), $Applied Digital(APLD.US), $Terawulf(WULF.US), $Galaxy Digital(GLXY.US), $Oklo(OKLO.US), $AST SpaceMobile(ASTS.US), $Kratos Defense & Security(KTOS.US) and $SoFi Tech(SOFI.US)

Stocks that hit fresh 52 week highs include $Coca Cola(KO.US), $ExxonMobil(XOM.US), $Chevron(CVX.US), $Visa(V.US), $Mastercard(MA.US), $Pfizer(PFE.US), $Abbvie(ABBV.US), $Gilead Sciences(GILD.US), $Moderna(MRNA.US), $Keurig Dr Pepper(KDP.US) and $Phillip Morris(PM.US)

The lows list is AI infrastructure, power, neoclouds and crypto miners. At the close they sat 54% to 83% below their 52 week highs. $Oklo(OKLO.US) is down 83% from its peak near $176, and $IREN(IREN.US) and $Galaxy Digital(GLXY.US) are both about 60% off

The highs list is soda, oil, payments, pharma and tobacco, most of it within 3% of the top. $Coca Cola(KO.US) set its new high the same day KFC U.S. said it is switching from $PepsiCo(PEP.US) to Coke

Plenty of the lows bounced hard into the close. $Terawulf(WULF.US) finished up 9.4%, $SoFi Tech(SOFI.US) up 6.1% and $Coreweave(CRWV.US) up 5.9% after tagging $59.51 intraday

The index level hides the split. The S&P 500 closed up 0.3%, the Dow up 1.1% and the Nasdaq barely green, while the SOX chip index fell 0.9% and still sits 21% below its high

This is a rotation, not a crash. Money is leaving long duration AI buildout stories that need cheap capital and piling into cash flow, dividends and pricing power. The late bounce off the lows says dip buyers have not given up, but with yields above 5% and credit spreads widening on names like $Coreweave(CRWV.US), the market is still paying up for boring until funding costs ease

Source: StockMarket.News

Volvo Cars just expanded its nearly decade-long partnership with $NVIDIA(NVDA.US) on self-driving

Future Volvos will use Nvidia Hyperion sensors and compute, the Alpamayo driving software stack, and the Halos safety layer for hands-free, door-to-door driving on highways, city streets, and parking, per Volvo Cars, TechCrunch, and The Verge

The system is Level 2++ supervised autonomy, similar to $Tesla(TSLA.US) Full Self-Driving and the $NVIDIA(NVDA.US)-powered stack Mercedes recently rolled out on the new CLA. Drivers stay responsible

It covers traffic lights, stop signs, and unprotected left turns. No lidar at launch, though Volvo left the door open. First vehicles arrive before 2030, starting on a brand-new model and aimed at the full lineup, excluding China

All of Volvo's current battery EVs already run on $NVIDIA(NVDA.US) Orin chips. This deal standardizes Hyperion sensors too and pushes Volvo toward a full tech stack across EVs, plug-ins, and gas models

$NVIDIA(NVDA.US)'s Alpamayo open-source stack has been downloaded by more than 650,000 developers. $NVIDIA(NVDA.US)'s automotive lead said point-to-point urban driving may prove more valuable than highway-only assist

After a week of AI selloff noise around data-center capex, this is a reminder that $NVIDIA(NVDA.US)'s auto lane is another demand story. Volvo is betting its safety brand on Nvidia silicon and reasoning models to catch $Tesla(TSLA.US)-style door-to-door driving before the decade is out. If robotaxi timelines keep slipping, supervised Level 2++ across mass-market fleets may be where the real software dollars show up first

Source: StockMarket.News

$Apple(AAPL.US) and $Meta Platforms(META.US) just announced their first public partnership since 2017

Developers can run Meta's Muse Spark Open model across 2 to 4 linked Mac Studios, per CNBC and Axios

The model is an 816-billion-parameter mixture-of-experts open-weight release, tuned for Apple M5 Ultra silicon via MLX

A Mac Studio with the required M5 Ultra and 256GB of memory starts at $10,799. Users need more than one machine. The model runs locally, not in the cloud

This ends years of open hostility. Apple's 2021 App Tracking Transparency changes were estimated by Meta to wipe about $10B of ad revenue. Tim Cook and Mark Zuckerberg traded barbs for years. John Ternus is now CEO at Apple, and Meta AI chief Alexandr Wang said former Apple director Daniel Gross helped bridge the gap

$Apple(AAPL.US) already has OpenAI in Siri and $Alphabet(GOOGL.US) Gemini in Apple Intelligence. Adding Muse on Macs shows how fast AI is rewriting Silicon Valley alliances that looked permanent five years ago

When rivals who once priced each other as existential threats start co-shipping local AI, the real story is not friendship. It is that desktop silicon and open weights are becoming a second theater next to $NVIDIA(NVDA.US) data center spend

Source: StockMarket.News

The AI selloff went global overnight, and Wall Street is answering by running into bonds

South Korea's KOSPI crashed 7.6% to 5,554, its lowest close since April, after falling as much as 9.3% and triggering a 20 minute circuit breaker halt. It was the 7th straight losing session, the longest streak since September 2024

Samsung fell 9.5% and SK Hynix 11.1%. Together those two stocks now make up nearly 47% of the entire KOSPI

Japan's Nikkei dropped 4.9%, its third largest point drop ever, with Advantest down 15% and SoftBank down 9%

Back in the U.S. the tape looks very different. The Dow is up about 0.8% while the Nasdaq slips for a fourth straight day and the S&P 500 sits flat

The bigger tell is the bond market. The 10 year Treasury yield is down to about 5.09% from 5.19% Wednesday, a three week low and on track for its biggest daily drop in more than a year per Reuters. That is happening right after a hot CPI and the largest monthly PPI jump since March 2022

SF Fed President Mary Daly said more hikes are likely needed but she sees no urgency to act at the Oct 27-28 meeting

When inflation runs hot and yields still fall, the market is telling you it fears an AI capex unwind more than it fears the Fed. Money is rotating out of chips and into Treasuries and old economy names. The open question is whether this is a healthy reset for crowded AI trades or the start of the growth scare that bonds are already pricing in

Source: StockMarket.News

$NVIDIA(NVDA.US) CEO Jensen Huang just said $Coreweave(CRWV.US) does not need a backstop and that its cost of capital is "actually decreasing," per Bloomberg from an event in Sweden

That lands while credit markets are pricing the opposite

$Coreweave(CRWV.US) fell another 3% Thursday near $64 after a 15% wipeout Wednesday that closed at $65.78. The April-issued 2031 bonds are yielding past 16%, and CDS protection has blown out past 1,000 basis points, implying about a 63% chance of default within five years versus roughly 30% a year ago, per Reuters

$NVIDIA(NVDA.US) already has skin in the game. It holds about a 10% stake after a $2 billion Class A investment in January, and it committed to buy unsold $Coreweave(CRWV.US) capacity through April 2032 under a $6.3 billion order form

The company carries about $50 billion in debt while guiding capex as high as $39 billion this year. Analysts see about $13 billion in 2026 revenue and a $2.1 billion loss. CEO Mike Intrator told staff the backlog covers obligations and markets can act "irrationally"

Huang is signaling confidence from $NVIDIA(NVDA.US)'s side of the table. Bond and CDS markets are saying the price of funding that AI buildout just got a lot more expensive. The gap between those two stories is what is driving the neocloud selloff, and it will not close until either yields compress or the backlog converts into cash flow that can service $50B of debt

Source: StockMarket.News

Wholesale prices just posted their hottest month since early 2022

September PPI jumped 1.3% month over month, vs about 0.6% expected, the biggest monthly rise since March 2022 per BLS

Over the past year, final demand prices are up 6.3%, the largest 12-month gain since December 2022 and well above the 5.5% consensus

Core PPI, which strips out food and energy, still ran hot at 0.7% on the month and 5.0% year over year

Energy did most of the damage. Final demand energy rose 10.8% in September and gasoline alone jumped 20.3%, with BLS tying a big chunk of the goods spike to the Middle East supply shock

Goods rose 2.6% and services 0.8%. Retail sales also beat at 0.8%, but excluding autos and gas stations the gain slowed to about 0.25%, a sign fuel is crowding out other spending

This lands a day after hotter CPI. CME FedWatch now prices roughly a 34% chance of a hike at the late October meeting, up from under 18% a week ago

Two hot inflation prints in two days, with energy still bleeding into goods and freight, make it harder for the Fed to look through the war spike. The market is already repricing October, and the next few data prints will decide whether this is a one-off oil shock or a broader reacceleration

Source: StockMarket.News

Traders are buying the chip selloff with leverage at a record pace

$SOXL, the 3x leveraged semiconductor ETF, has pulled in about $3.8 billion of new money this week, on pace for its largest weekly inflow ever per Bloomberg data

That is more than the $2.9 billion it took in during all of March, a record month at the time with nearly half of it coming from Korean retail buyers

The money is pouring in even though $SOXL is down nearly 21% this week. The Philadelphia Semiconductor Index has dropped 12% over six sessions, wiping out roughly $1 trillion in chip market value

The unleveraged $SMH added more than $430 million in three days, on track for its best week since early September

At the same time, CNN's Fear and Greed Index fell to 25 this morning, right at the Extreme Fear line and its lowest reading since late June. It was near 40 a week ago

Stock price strength, market breadth and safe haven demand are all flashing Extreme Fear

Even after the drop, $SOXL is still up about 163% this year and $SMH about 57%, which is why buying every chip dip keeps getting rewarded

The broader tape is the most fearful it has been in months while retail keeps reaching for 3x chip exposure. That has paid all year, but leverage cuts both ways with hot CPI and PPI pushing rate hike odds higher. A fund that falls 21% needs about a 27% rally just to get back to even, so the next leg likely depends on hyperscaler capex guidance later this month confirming the AI demand story

Source: StockMarket.News

$Taiwan Semiconductor(TSM.US) just posted a record Q3 and guided Q4 well above Wall Street

Revenue came in at $46.72 billion, up 41.2% from a year ago in US dollars and above the company's own $44.6-45.8 billion guide

Net income hit NT$763.1 billion, up 68.7%, the sixth straight quarter of record profit per CNBC. EPS was $4.60 per ADR vs about $4.48 expected

Gross margin landed at 66.4% and operating margin at 58.7%, above the top of the 56-58% guide

Q4 revenue is guided to $52.3-54.3 billion. The midpoint is up 58% from a year ago, vs estimates near $49.1 billion

$Taiwan Semiconductor(TSM.US) also raised its 2026 growth outlook to about 44% in US dollars, up from slightly above 40% in July, and kept 2026 capex at $60-64 billion

3nm was 33% of wafer revenue and high performance computing was 68% of sales. The second Arizona fab is built and volume production is now expected in Q3 2027, slightly ahead of plan

This lands right after a multi day slide in chip stocks on worries about AI capex. The company that makes most of the world's leading AI chips just raised its full year number again and says demand is still running above its capacity. If the AI trade is cracking, it is not showing up at the foundry yet. Hyperscaler capex guidance later this month is the next check

Source: StockMarket.News

$Apple(AAPL.US) just closed above a $5 trillion market cap for the first time, per WSJ

The stock finished at $342.96, up 0.50% on the day, putting the company at about $5.01 trillion

WSJ called it the seventh trip to the $5 trillion line. The prior six crossed during the session but failed to hold into the close

$NVIDIA(NVDA.US) remains the only larger company, near $5.4 trillion. $Apple(AAPL.US) is now the second firm ever to finish a session above $5 trillion

The close landed on a red day for the broader market. The S&P 500 finished down about 1.1% while $Apple(AAPL.US) still printed green

It has been just under a year since $Apple(AAPL.US) first closed above $4 trillion in October 2025, and the stock is up roughly 26% year to date

Same session as the China Apple Intelligence December launch news. A $5 trillion close while the tape sold off is the market still pricing the consumer AI and iPhone cycle as intact even after the AI cloud trade got hit. Holding that line into next week is the next test for how sticky this valuation really is

Source: StockMarket.News

$Apple(AAPL.US) is planning to launch Apple Intelligence in mainland China in December as part of the iOS 27.3 update, per Bloomberg

That ends a regulatory delay of about two years. The features first rolled out in the US with iOS 18.1 in October 2024

The China launch is set to include Genmoji, notification summaries, Writing Tools, and Clean Up in Photos

It will leave out the new Siri AI and other features announced this year, along with the company's in-house image generation tools. Some text generation features will also be limited

To get approved, $Apple(AAPL.US) built guardrails with $Alibaba(BABA.US), including a filter that lets the Chinese government approve ongoing updates to the AI models. It is also working with $Baidu(BIDU.US) on search and Siri features

Permits issued Sept 29 cleared recent iPhones to run Apple Intelligence with $Alibaba(BABA.US)'s Qwen and Tongyi Wanxiang models

Greater China revenue was $18.8B last quarter, up 22.4% from a year ago, and $Apple(AAPL.US) closed up about 0.5% on a red day for the market

Two year old features will not out-AI Huawei or Xiaomi on their home turf, but that was never really the bar. The missing AI checkbox has been a sales headwind in China, and it goes away right as the iPhone Duo launches there next week. Greater China is already tied with Europe as the fastest growing region, so the March quarter China number is where this either shows up or doesn't

Source: StockMarket.News

Chicago Fed President Austan Goolsbee just called the September CPI print "discouraging" in a Yahoo Finance interview

He said services inflation was a concern and that more bad months of inflation would be "unacceptable"

If current inflation levels hold, he added that policy would need to address that

Goolsbee also said the economy has work to do on the inflation side, while he is not hearing recession worries from contacts

He flagged that AI hype could drive even more tech sector investment and risk overheating

Prediction markets still lean toward a hold at the Oct 27-28 meeting, with Kalshi near a 35% chance of a hike after this morning's hotter core CPI

September CPI came in at 3.7% headline and 2.6% core. Goolsbee is not a 2026 voter, but a Chicago Fed president saying another string of hot prints would force a policy response is the clearest hawkish signal since the data hit. The path into Oct 28 is about whether services cool, not whether the Fed has forgotten about 2%.

Source: StockMarket.News

$Coreweave(CRWV.US) is down about 17% today near $65 after its unsecured bonds due 2032 fell below 80 cents on the dollar, pushing yields above 15%, per Bloomberg

That is the level credit markets usually treat as distressed

The selloff is spreading across the AI cloud trade. $IREN(IREN.US) is down 12%, $Nebius(NBIS.US) 11% and $Oracle(ORCL.US) 9%, while $NVIDIA(NVDA.US) is off 3.5% and the Nasdaq 100 is down more than 2%

Options traders piled in too. $Coreweave(CRWV.US) saw nearly 200,000 puts trade vs 106,000 calls, and one buyer paid $1.9M for 26,000 December $37.50 puts, per CNBC

CEO Mike Intrator told Bloomberg the market is acting "irrationally" and that he remains confident in the company

The stock is now down about 29% since Oct 6 and sits roughly 57% below its 52 week high near $150

Demand has not cracked here. Backlog was $104B last quarter and Q3 revenue is expected to grow about 159%. What changed is the price of money. When GPUs are funded with debt and the bonds yield 15% on the same morning CPI runs hot, the equity gets repriced first. The thing to watch is whether $Coreweave(CRWV.US) can keep raising capital at a cost below what its GPUs earn

Source: StockMarket.News

Anduril just opened an employee tender that values the defense tech company near $90 billion, per Bloomberg

Shares are priced at $94.80, with the offer capped at about $1.3 billion

The window opened this week and closes Nov 9. Current and former employees across 16 countries can sell, the first time the tender went beyond the US, UK, and Australia

That is up from a $61 billion valuation in May, when Anduril raised $5 billion led by Thrive Capital and Andreessen Horowitz. A June 2025 round had put the company at $30.5 billion

Palmer Luckey co-founded the firm in 2017. Products include unmanned fighter aircraft, autonomy software, surveillance systems, and AR helmets for the military. The Pentagon is among its biggest customers

Revenue hit $2.2 billion last year, roughly double the year before

A private defense AI name clearing $90 billion on employee liquidity, while still short of the $100 billion raise talks Reuters flagged in July, shows how long these companies can stay private and still give staff cash. For public comps like $Lockheed Martin(LMT.US) and $Northrop Grumman(NOC.US), that is another reminder the next wave of defense spending is being priced in private markets first

Source: StockMarket.News

Chip stocks are on pace for a 6th straight red day, the longest losing streak for the Philadelphia Semiconductor Index (SOX) since May 2025, per Bloomberg

The SOX is down about 2% today near 11,964, roughly 9.5% below its Oct 6 close of 13,218

Monday did the most damage with a 2.7% drop after $Broadcom(AVGO.US) CEO Hock Tan compared AI investing to a "casino" at a conference in Singapore

Memory names are taking the hardest hits after reports that China's CXMT made key progress on a new memory architecture. $Micron Tech(MU.US), Samsung, and SK Hynix have led the selling

This morning's hotter core CPI and a $Coreweave(CRWV.US) bond now yielding about 15%, up from 9.625% at issue, are adding pressure on the debt-funded AI buildout

Even with the slide, the index is still up more than 60% this year

Six red days after a run like that looks more like the market repricing how fast AI capex turns into returns than demand cracking. $ASML(ASML.US) just posted a record quarter with customers talking orders into 2029 and 2030. The real test is hyperscaler capex guidance later this month, because that is what this group is priced on

Source: StockMarket.News

$GlobalFoundries(GFS.US) just locked in up to $21 billion for two new chip fabs in New York

Japan is putting up the capital under its $550 billion US investment pledge, with GlobalFoundries selected to operate both plants at its Malta site

About $10 billion initially accelerates a new 300mm fab expected online in 2029, and another about $10 billion would fund a second fab

Each fab is expected to add about 900,000 wafers of annual US capacity when fully ramped. The project is pegged at about 27,000 construction jobs and more than 1,000 manufacturing jobs

Separately, the US Commerce Department will take about a 4% equity stake in $GlobalFoundries(GFS.US), and GF is reallocating $955 million of its existing CHIPS Act award into silicon photonics, silicon-germanium, and advanced packaging at Malta and Burlington

$Apple(AAPL.US), Renesas, Cirrus Logic, and GM are already named as customers leaning on this capacity

This is foundational silicon for autos, industrial, and infrastructure, not leading-edge AI GPUs. Japan writing the check while Commerce takes equity still marks $GlobalFoundries(GFS.US) as the specialty foundry Washington wants onshore, and the stock will trade that credibility premium as the first fab breaks ground later this year.

Source: StockMarket.News

$ASML(ASML.US) just printed a record quarter

Q3 total net sales hit €11.7 billion, with a 57.5% gross margin and €5.0 billion in net income

Installed Base Management sales landed at €3.3 billion, above guidance, on heavy demand for productivity upgrades

Management guided Q4 sales to €14.2-15.2 billion and full-year 2026 sales to €44-45 billion, with gross margin around 56%

The company also said it sold 17 EUV machines in the quarter, tools that can run as high as about $400 million apiece

Customers are already talking orders into 2029 and 2030 as AI-related chip demand keeps lifting their forecasts

$ASML(ASML.US) is still the choke point for advanced logic. A record print plus higher FY sales is the clearest signal yet that the AI capex wave is still feeding through the lithography stack, even if the stock digests the readout.

Source: StockMarket.News

$Netflix(NFLX.US) is cutting about 1,000 jobs, roughly 6% of its global workforce

That is the streamer's biggest round of layoffs since 2022, and Variety calls it the largest cutbacks to date

Most of the reductions hit product, technology, legal, and HR, per an internal note from co-CEOs Ted Sarandos and Greg Peters

The Wall Street Journal broke the story Wednesday morning. Netflix closed 2025 with about 16,000 full-time employees, so a 6% cut lands near that 1,000 figure

Sarandos and Peters framed it as being disciplined about where people and resources get prioritized while the mission stays to entertain the world

$Netflix(NFLX.US) still runs the category, but the stock has had a rough stretch and growth has cooled. A 6% headcount cut this close to earnings says management is optimizing for margins now, not just the subscriber narrative

Source: StockMarket.News