Zscaler Reaffirms Guidance as Shares Climb on AI Security Demand
Zscaler reaffirmed its first-quarter and fiscal 2027 guidance at its Investor Day in New York, citing steady demand for its Zero Trust platform as AI adoption expands.
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Toshiba denies report of a Seagate bidding fight for TDK’s hard-drive heads
Bloomberg said Seagate and Toshiba are competing for TDK’s HDD head business. Toshiba says the report does not match its understanding.
Micron to Pay Netlist $600 Million to Settle AI Memory Patent Fight
After a $445 million verdict and an ITC case, Micron will pay Netlist $600 million for a five-year license to its AI memory patents.
Marvell Lays Out Path to $70 Billion–$90 Billion in Revenue by Fiscal 2031
Marvell expects about $20 billion in FY28 revenue, with $18 billion from data centers, and a path to $70-$90 billion by FY31.
Uber to Buy ezCater for $2.3 Billion, Adding Workplace Catering to Uber Eats
The all-cash acquisition brings ezCater’s group and office meal orders onto Uber Eats, pending regulatory approval.
AMD Price Targets Jump as Wall Street Bets Always-On AI Agents Will Lift Chip Demand
Citi raised AMD’s target to $800 and Mizuho to $705 as always-on agents like Muse boost CPU demand. Lisa Su plans a big 2027 supply increase.
Shopify, AI Agents, and Meta’s Muse: What the New Price Targets Assume
JPMorgan lifted Shopify to $200 and Piper Sandler kept $180, both citing agentic shopping. Agent orders remain under 2% of sales.
JPMorgan Upgrades Corteva to Overweight After Seed Spinoff, Sees Upside in Crop-Protection Stub
JPMorgan upgraded Corteva to Overweight with a $19 target after the Vylor seed spinoff, calling the crop-protection business undervalued.
Google and Constellation Agree to Add 890 MW of Nuclear Capacity to the PJM Grid
Google and Constellation signed a 20-year deal to add 890 MW of nuclear capacity to PJM through uprates at 11 plants in IL, PA, and NJ.
Morgan Stanley Says SpaceX Is Cheap Ahead of Flight 15
Morgan Stanley keeps a bullish view on SpaceX, citing growth and a cheaper way into the space and intelligence economy ahead of Flight 15.
Qualcomm and Arm Return to Court in a Fight Over Billions in Chip Royalties
Qualcomm wants to halt Arm royalties for up to five years, citing withheld tools and a leaked license threat. A judge may limit the damages.
MercadoLibre and Nu Holdings Jump on Brazil Election Surprise
MercadoLibre and Nu Holdings jumped after Flávio Bolsonaro led Brazil’s first round. The rally is political, not company news.
TSMC and Elon Musk’s Terafab are in early talks on a Texas chip plant
Intel shares fell after Elon Musk confirmed that TSMC is in discussions over Terafab, although Intel remains the project’s first named manufacturing partner.
Huawei and Qualcomm sign multi-year patent deal covering 5G and AI
Huawei’s first 5G patent deal with Qualcomm covers AI, computing and networking and is set to lift licensing agreements above $6.9 billion.
20 New Planet Satellites Reach Orbit on SpaceX’s Transporter-18
Planet Labs put 20 satellites in orbit on Oct. 1, 2026, including a Google TPU prototype, Tanager-2 methane sensor, and 18 SuperDoves.
Freeport says Grasberg restart is on track as copper output meets third-quarter targets
China wants copper concentrate pledges to clear Anglo-Teck. Prices eased this week, but smelters still face the worst ore shortage in decades.
Tesla Beats Q3 Delivery Forecasts, but Stays Short of Last Year’s Record
Tesla delivered 486,532 vehicles in Q3, topping Wall Street forecasts. The total remained below last year’s record as Europe recovered.
Toshiba plans to double AI hard-drive output, knocking Seagate and Western Digital lower
Toshiba plans to double AI hard-drive capacity with a $380 million Philippines plant. Seagate and Western Digital shares fell on competition fears.
Morgan Stanley Puts Nvidia Back as Its Top Chip Pick on a Modest Valuation
Morgan Stanley reinstated Nvidia as its top chip pick, citing a 15x fiscal 2028 earnings multiple after meetings with Huang and Kress.
Disney Plans TV Overhaul That Could Cut Hundreds of Jobs
Disney’s television business may face hundreds of layoffs and division mergers as the company shifts focus from cable to streaming.
Bernstein Calls Networking and Optical Stocks AI Winners, Led by Celestica
Bernstein’s top pick is Celestica at $520. It also rates Lumentum, Coherent and Ciena Outperform on AI data-center demand.
Google wins dismissal of Chegg and Penske lawsuits over AI Overviews
A federal judge dismissed Chegg and Penske antitrust suits over Google AI Overviews, saying expected search traffic is not a contract.
McKesson and Cardinal Health Extend CVS Drug Supply Deals Through 2032
BofA kept Buy ratings, calling the news a clearing event.
Broadcom to Lend Anthropic Up to $42 Billion to Lease Its Chips, Filing Says
Anthropic’s IPO filing shows a Broadcom loan of up to $42 billion for chip capacity, with debt that could convert into Anthropic shares.
Foghorn Therapeutics and Eli Lilly End SMARCA2 Cancer Program After Weak Phase 1 Results, Cut 40% of Staff
Foghorn and Lilly will not advance FHD-909 or their SMARCA2 degrader. Foghorn is cutting about 40% of staff to fund its pipeline into late 2029.
Tencent turns to Oracle for overseas AI computing as export curbs bite
Tencent will lease about 100,000 AI chips from Oracle data centres in South-east Asia under a five-year deal worth roughly $7bn, with 30% paid upfront.
Google Launches Gemini 4 Argon as Employees Split on Real-World Coding
Google’s Gemini 4 Argon is its new frontier model for coding, cyber defense, and long tasks. Pricing, 1M-token output, and internal debate.
Nu Says It Is Not Pursuing a Deal With Monzo After Weekend Buyout Reports
Nu Holdings says it is not pursuing a Monzo deal after weekend reports of talks. Priorities stay Brazil, Mexico, Colombia and the U.S.
Micron Beats Wall Street as AI Memory Demand Supercharges Record Results
Q4 revenue hit $54.23B, beating $51.07B estimates. Micron sees $61.5B next quarter as HBM orders exceed capacity and memory prices rise.
Cerebras Stock Slides After Report That OpenAI’s Ultrafast Mode Is Running on Nvidia
OpenAI is Cerebras’ largest backlog customer.
Merck’s HS Data Validates the TL1A Pathway — and Helps Shattuck Labs
Merck’s tulisokibart met its Phase 2b HS goal and will move to Phase 3. H.C. Wainwright sees first anti-TL1A skin data as a class plus for Shattuck.
Morgan Stanley: Robinhood Summit Delivered the Two Products We Were Watching
Morgan Stanley’s Michael Cyprys says Robinhood’s Active Trader Summit went further than expected, led by in-app AI agents and U.S. perps.
HPE Raises Networking Outlook After $1.2 Billion Vultr AI Rack Order
HPE booked a $1.2B Vultr order for AMD Helios AI racks and raised FY27 networking growth to the high teens–low 20s, with $800M Juniper savings.
Citi Says Moderna Looks Too Expensive After Cancer-Vaccine Rally
Citi says Moderna’s rally after the INTerpath-001 melanoma win pushed its market value near Regeneron’s despite weaker near-term earnings.
OpenAI Enterprise Boom Lifts Oracle as Compute Demand Accelerates
Oracle rose after OpenAI’s annualized revenue neared $70 billion. Enterprise AI demand is a key signal for Oracle’s compute backlog.
Anthropic’s IPO Filing Reveals $84.5 Billion SpaceX Compute Deal, Nearly Double Prior Estimates
Anthropic’s IPO filing reveals an $84.5B SpaceX/xAI compute commitment through 2029 and $518B in decade-long infrastructure obligations across six partners.
RBC Keeps $335 Target on Bloom Energy After Fremont Plant Expansion
Bloom Energy leased about 158,000 sq ft in Fremont, nearly matching its current plant.
AMD Acquires World Labs to Shape the Next Wave of AI Compute
AMD is buying Fei-Fei Li’s spatial AI lab, World Labs, for $8.2 billion in stock. The transaction is expected to close by late 2026.
SpaceX Starship Reaches Orbit for the First Time — Then Comes Home Early
The spacecraft successfully deployed 26 Starlink satellites, marking a major milestone on its 14th test flight and advancing SpaceX’s ambitions to send people to the Moon and Mars. However, the mission was only a partial success, as technical problems cut the flight short.
Lilly Will Spend Obesity Profits on Bigger “White Space” Deals, CEO Says
Eli Lilly CEO Dave Ricks says obesity-drug cash will fund slightly larger buys in sleep, cancer, brain disease, and other underserved science.
Micron Earnings Preview: Street Sees Another Strong Quarter, Smaller Raise
Micron reports Wednesday. Analysts expect another strong quarter as memory demand and prices stay firm, with a smaller guidance lift.
Nvidia Approves Record $150 Billion Buyback as China Weighs Chip Sales to Alibaba and ByteDance
Nvidia launched the largest U.S. stock buyback ever with a $150B increase. Separately, China may approve RTX PRO 5500 sales to ByteDance and Alibaba.
MongoDB CEO CJ Desai Leaves After Less Than a Year to Join Meta
Desai left MongoDB to run Meta’s enterprise AI platform. The board named Dev Ittycheria interim CEO and began a successor search.
Snowflake Plans $3.5 Billion in 0% Converts. The Premarket Drop Is Mostly Mechanical.
The $3.5B zero-coupon convert is for capped calls, 2027 note buybacks, and buybacks or M&A. Short-term selling pressure is typical for these deals.
Apple Jury Awards Taction a Record $5.7 Billion Over iPhone and Watch Haptics
A San Diego jury awarded Taction $5.72 billion after finding Apple’s Taptic Engine infringed two patents. Apple says it will appeal.
Monzo in Early Talks Over Possible £8–10bn Sale to Brazil’s Nubank
A deal would make a near-term London listing unlikely.
SK Hynix’s Solidigm Weighs IPO That Could Value the Storage Unit at $150 Billion
Reuters: Solidigm is weighing a US IPO as early as 2027 that could value the AI storage business at $150 billion and raise $15 billion.
Zscaler Stock Slides After CRO Change as Analysts Call Handoff Low-Risk
Investors focused on Zscaler’s sales engine after Tackett’s CRO promotion. Analysts say the change continues the current go-to-market plan.
Microsoft Stock Jumps After Copilot Gets Coding Tools and an Always-On AI Agent
Microsoft added coding and an always-on Autopilot agent to Copilot, aiming to make the app a one-stop shop for office work.
HSBC Says Twilio’s Meta Muse Rally Has Gone Too Far
HSBC argues that the 30% jump since Meta launched Muse overstates how much additional revenue Twilio will capture.
Anthropic Commits $11.6 Billion to Akamai Cloud Over 7 Years
The pact could expand by another $9 billion.
Google Tests TPUs in Orbit as SpaceX Builds Its Own Space Data Centers
Google’s Project Suncatcher sends TPUs to orbit next week on SpaceX Transporter-18. Planet Labs built the prototype satellite for the test.
Apple-Qualcomm Patent Renewal Draws Mixed Analyst Views After 2019 Legal Fight
Qualcomm renewed its Apple patent license from April 1, 2027. After their 2019 legal fight, Apple still needs the patents even as it builds its own modems. Analysts are split.
Meta Stock Gets a Boost After Connect 2026 as Analysts Cheer Muse AI
Analysts lift Meta targets after Connect 2026, citing Muse’s early traction, partner momentum, and a path to AI revenue beyond ads.
Nebius Gets Aggressive Upgrade as BNP Raises Target to $399 From $260
Nebius jumped in focus after BNP raised NBIS to Outperform and set a $399 target, up from $260, citing stronger AI-cloud growth.
FDA Approves Lilly’s Once-Weekly Insulin Onswik, Challenging Novo’s Awiqli
FDA clears Lilly’s Onswik, a once-weekly basal insulin for adults with type 2 diabetes. It may cut 300+ shots a year and now competes with Novo’s Awiqli.
Oracle Seeks Payment Delay on Controversial Project Jupiter Campus
Oracle sent a force majeure notice on Project Jupiter, seeking delayed payments if the New Mexico AI campus misses 2028.
JPMorgan Turns Bullish on CoreWeave as Wall Street Stays Split on Funding Risks
Demand is tight; short-term GPU contracts are pricing at a premium.
Everpure Signals Multi-Year Growth as Hyperscaler Demand Builds
Everpure, formerly Pure Storage, set a $7.0B–$7.3B FY28 sales range, above the $6.14B Street view, on hyperscaler wins and AI storage demand.
Meta’s Muse Sparks Fears Over Travel Search and Payments
Trivago fell after Expedia joined Meta’s Muse AI. Shopify and payments stocks also dropped on a Meta Pay checkout screenshot.
AI Agents Like Muse and Instinct Could Supercharge Twilio
Meta’s Muse and Instinct can act for users. Analysts say that could raise SMS, voice and WhatsApp volume for Twilio.
Nektar Shares Slide as Jury Weighs Lilly Lawsuit Over Rezpeg
Investors are watching liability and damages in Nektar’s breach case against Lilly, a key swing factor for the Rezpeg program. Analysts still see damages as the hard issue.
BofA Calls Stable iPhone Waits “Incrementally Positive”
Banks split on iPhone 18 Pro lead times. BofA calls stable-to-longer waits incrementally positive; UBS sees a slight demand lift. China is still weak.
China Reviews Heavy Use of Broadcom Switches in State Data Centers
China is surveying Broadcom switches in state data centers, where use may hit 90%, as Beijing pushes domestic chips and less foreign AI gear.
Airbnb Expands Instacart Groceries Across the U.S. as It Pushes Beyond Rentals
Instacart grocery ordering is now in the Airbnb app across most of the U.S. Pre-arrival orders, host stocking in two cities, Canada next.
Stifel Upgrades Microsoft to Buy as Azure and Copilot Get Back on Track
Analysts say Microsoft turned the corner, with Azure efficiency, 30 million Copilot seats, and better margins supporting mid-teens growth.
Cognex Acquires RealSense for $600 Million and Expands Into Robot Vision
Investors sold CGNX on valuation and cash spend.
Schwab and Big Banks Slide as Vanguard’s Altruist Deal Raises AI Threat in Wealth Management
Vanguard’s reported $4B–$4.6B Altruist deal revived fears that AI will disrupt brokerage custody and idle client cash that funds broker profits.
How Meta’s $200B AI Bet Transformed an Obscure New Jersey Data Company
Hunterbrook says Meta is Innodata’s top customer. A new “long-horizon agents” contract may tie to Muse. Link unconfirmed.
Alibaba Launches "China’s Most Powerful AI Chip" and Massive Data-Center Expansion
Alibaba launched the Zhenwu V900, called China’s strongest AI chip, plus 5–10 trillion parameter Qwen models and a 20GW data-center goal by 2032.
Shopify Lets Meta’s Muse Shop and Check Out With Shop Pay
Deutsche Bank argues the Meta Muse partnership calms fears that AI shoppers will bypass Shopify payments.
SoFi Starts Settling Card Payments With Its Own Stablecoin on Mastercard
SoFi is the first bank to go live with SoFiUSD card settlement on Mastercard, migrating a program expected to top $25B in annualized volume.
VKTX Jumps After Viking Shows Monthly and Every-Other-Week Shots Can Hold Most Weight Loss
Viking reported 16–19% weight loss at week 21 and strong maintenance on monthly dosing. GI side effects in the later phase looked like placebo.
Morgan Stanley Downgrades Ericsson on Falling North America Sales and Margin Pressure
Ericsson shares fell after Morgan Stanley flagged a flat RAN market, a 5% drop in North America Networks sales, and rising component costs.
Amazon’s $1.9B DSP Bet Tightens the Last-Mile Squeeze on UPS and FedEx
Amazon adds $1.9B to its DSP network, lifting driver pay and AI tools while taking more last-mile volume from UPS and FedEx.
SB Energy’s IPO: SoftBank Control, OpenAI Campuses, and NVIDIA’s $3 Billion Check
NVIDIA is putting $3B into SB Energy around the IPO and backing part of the Ohio campus if OpenAI fails.
Wells Fargo Lifts Meta Target to $796 as Muse Sparks Chip Rally
Muse launched Sept. 8 and hit the U.S. iPhone free chart. Wells Fargo now sees a story for Meta Connect—and chipmakers are moving too.
HP Flags Weaker PC Demand Next Year, Holds Off on 2027 Guidance
HP’s planning assumption: industry PC units fall mid-single digits in calendar 2027 vs 2026. No FY27 guidance yet; outlook can still change.
Novo Shares Slide as Long-Term Goals Disappoint Market
Distant 2030 goals failed to ease concerns over patents and Lilly.
Anthropic Pushes Stock-Market Debut to November
Anthropic may go public in November at about $2 trillion after delaying an October window to show Q3 results following OpenAI’s Astra launch.
Congress Advances Bitcoin Reserve Bill After Broader Crypto Law Fails
House committee advances H.R. 8957 28-21 after Senate blocks CLARITY. The bill would lock seized Bitcoin in a 20-year Treasury reserve.
CoreWeave Stock Slides After $3.5 Billion Convertible Plan and 35 Million-Share Program
CoreWeave announced $3B convertibles due 2033, a $500M greenshoe, and a 35M-share ATM. The stock fell on leverage and dilution worries.
SEC Clears Path for Tokenized Stocks After Clarity Act Stalls
The SEC issued a five-year Innovation Exemption so certain platforms can trade tokenized U.S. stocks without registering as exchanges.
Google Ad-Tech Ruling Gives Magnite a Big Lift as Analysts Raise Target to $32
The unredacted Google ad-tech opinion is a win for independent SSPs.
Nokia Shares Jump After Microsoft AI Data Deal, With Ciena Outlook Adding Fuel
Nokia and Microsoft will combine Data Suite with Fabric so AI agents can run on cleaner telco data faster. Radio-network tools and Ciena’s growth targets support the move.
Amazon Gets Generac Warrant Tied to Up to $8 Billion in Data-Center Generator Purchases
Generac issued Amazon a $201 warrant for 1.69 million shares and signed a long-term supply pact. $2.4B in deliveries is expected in 2027-28.
Apple Considers a Return to the Server Business With M8 AI Machines
After ending Xserve in 2011, Apple may sell AI servers again. Two or four M8 Ultra chips. Possible Nvidia link. Launch window: 2029. Still unconfirmed.
GE Vernova Sees $200 Billion Backlog Coming Early as Electricity Demand Cycle Builds
Backlog $176B; $200B now expected very early 2027. Next proof points: Oct and Jan.
Bloom Energy Wins Another Data Center Proof Point as Project Phoenix Breaks Ground
RBC keeps a bullish view on Bloom Energy after Project Phoenix breaks ground, citing on-site fuel cells for a huge PA data campus.
SK Hynix in Talks With Intel to Make Memory Chips in the US for the First Time
SK Hynix and Intel are in exploratory talks on US memory chip production, including a possible Ohio lease or joint venture with cloud firms.
Senate Blocks Clarity Act in 49-50 Vote, Stalling Crypto Market Rules
Senators failed to reach 60 votes on the Clarity Act. All Democrats and four Republicans stopped debate on digital asset rules.
Google Starts Paying Publishers for AI Answers — Wells Fargo Says That Weakens Reddit’s Case
A new Google pilot pays publishers when content powers AI answers. Analysts say that cuts against Reddit’s push for more outbound traffic.
Rosenblatt Starts Nokia at Buy as an AI Optical Play Still Priced Like a Telco
Analyst Mike Genovese cites 20% growth in optical sales, €2.8 billion in AI and Cloud orders, and gains in scale-across networking share.
Bank of America CEO Warns of Weaker Investment-Banking Fees in Q3 as Shares Slide
BofA’s Q3 capital-markets outlook cooled: investment-banking fees down over 10%, trading roughly flat. Shares led bank-stock declines.
Hardware Stocks Fall as Software Rises, With Cybersecurity Getting the Extra Lift
CrowdStrike hits a record as investors rotate out of AI chips and into software. Cyber names lead on AI-safety fears.
Chip and AI Stocks Drop After CEOs Urge Caution on Development Pace
AI leaders including Amodei, Altman and Musk call to pace the frontier. Chip, memory and networking stocks fall as investors weigh spending and IPOs.
Oracle Spending Hold Lifts Server and Rack Stocks
Oracle kept its $90–95B AI capex plan as Microsoft targets 38 GW by 2032. HPE and Dell jumped on the infrastructure read-through.
Oracle Beats Q1 Estimates as AI Cloud Demand Surges
Oracle beat Q1 estimates with $19.3B revenue (+30%) and $1.92 adj. EPS. AI demand lifted cloud infrastructure 121%.
ServiceTitan Beats Q2 Estimates, but Soft Outlook and Higher R&D Send Shares Lower
ServiceTitan beat Q2 estimates but guided Q3 revenue flat and profits down. Investors focused on deceleration and AI costs.
GE Aerospace’s $11.75 Billion Deal to Bring Key Engine Supplier In-House
GE expects the CPP acquisition to add to earnings and cash flow in year one and help meet 30%+ airfoil demand growth by 2030.