Instacart in Preliminary Talks for Potential Sale, DoorDash and Uber Involved
Instacart is exploring a sale that could value the company at $16–17 billion, with preliminary talks involving DoorDash and Uber.
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Scotiabank Sees Bargain in AST SpaceMobile After 70% Drop, Upgrades Stock
Analysts upgrade AST SpaceMobile to Outperform after a sharp drop. Scotiabank cites SpaceX competition but sees value in AST’s wholesale 5G model.
SK Hynix Scratches Solidigm U.S. IPO Amid Regulatory Scrutiny; Shares Rebound
SK Hynix stopped reviewing a potential U.S. listing for Solidigm after regulatory concerns, lifting its shares as investors welcomed the decision.
SpaceX Targets 80,000 Cell Sites in Push to Become Fourth U.S. Carrier
Major carriers traded lower after Bloomberg reported SpaceX is seeking access to 80,000 cell sites for a fourth wireless network.
Western Digital Beats Earnings and Raises Outlook, but Stock Slides on Broader AI Selloff
WDC beat revenue and EPS forecasts and hiked its dividend, but shares dropped as the AI selloff continued after hours.
Bloom Energy’s Record Revenue and Guidance Raise Fail to Lift Shares
BE reported 138% revenue growth and raised guidance, yet shares fell on high expectations, stretched valuation, and negative operating cash flow optics.
Potential Data Leak Hits Moderna, Merck Ahead of Cancer Vaccine Presentation
TD Cowen calls Phase 3 intismeran + Keytruda results “compelling” and in the exceptional range. Wells Fargo says RFS exceeded expectations.
Lockheed Reports Strong Q3 as It Unveils Multiyear F-35 Production Agreement
Lockheed beat Q3 estimates as it unveiled a multiyear F-35 deal for 850 aircraft, aiming to stabilize supply chains and cut costs.
Nokia Shares Fall Despite Strong Q3 Profit Beat as Restructuring Costs and Cash Flow Weigh
Strong AI-driven sales and profit failed to lift Nokia shares, which dropped on elevated restructuring charges and lower cash flow guidance.
Meta Reports Strong Q3, Unveils New Shares to Fund AI Push Amid Legal Pressures
Meta reported $64.6B in Q3 revenue, up 26%, while unveiling non-voting Class C shares and early Muse AI growth amid ongoing legal challenges.
Tesla Cuts 2026 Capex Guidance to $20 Billion, Posts Surprise Free Cash Flow as Optimus and Robotaxi Timelines Advance
Flat revenue but a free cash flow surprise as Tesla lowers 2026 capex to $20B. Musk highlighted exponential Robotaxi growth and Optimus production progress.
Muse Outpaces ChatGPT in Early Retention as Meta’s AI Agent Gains Traction
Meta’s Muse AI agent has reached 10.9 million downloads since September, with strong US growth and better retention than ChatGPT.
Rosenblatt Initiates Robinhood (HOOD) at Buy, Citing Growth and Market Share Gains
Rosenblatt Securities initiates Robinhood with a Buy rating and $135 price target, implying 37% upside from recent levels.
Super Micro Lifts Q1 Revenue Outlook to $18.5–$19.5 Billion on Strong AI Server Demand
Super Micro expects Q1 revenue of $18.5-19.5B, well above guidance, on strong AI server demand. Gross margins also improve to 12-12.5%.
SpaceX Revenue More Than Doubles to $14.6 Billion as AI Business Surges
Elon Musk says SpaceX is in an “inflection moment” across launch, connectivity and superintelligence after AI revenue soared more than ninefold. Musk is considering a historic merger with Tesla, with both companies forming committees to explore the deal.
Salesforce to Acquire Braze for $5.66 Billion in Cash Deal
Salesforce will acquire Braze for $5.66 billion. Shareholders get $47.50 per share, a 58% premium. Deal expected to close in FY 2028.
Loop Capital Downgrades Apple to Hold on Weaker iPhone Recovery Outlook
Loop Capital downgraded Apple to Hold and cut its price target to $330, citing weaker iPhone recovery prospects and rising memory costs.
3M Shares Rise After Granting Amazon Warrants Worth Over $500 Million in Data Center Deal
3M granted Amazon a seven-year warrant for 3.16 million shares linked to $6 billion in data center purchases amid AI infrastructure growth.
Goldman Sachs Upgrades CoreWeave to Buy After Sharp Selloff, Citing Stronger-Than-Expected Contract Economics
CoreWeave shares rise as Goldman upgrades to Buy, saying ARR per MW and unlevered returns are biased higher despite credit market concerns.
JPMorgan Upgrades Intel to Neutral on Valuation After 36% Pullback
JPMorgan upgraded Intel to Neutral from Underweight with an $85 target after a 36% pullback from its June peak, citing improved execution.
Tesla-SpaceX Merger Odds Top 50% as Barclays Sees Possible Deal Before December Meeting
Kalshi traders now price in a greater-than-even chance of a Tesla–SpaceX merger by spring 2027 following the Roadster debut.
NiSource and Microsoft Reach Long-Term Power Deal for Northwest Indiana Data Center
Microsoft will fund new generation, raising projected NIPSCO customer savings to $1.75 billion.
Apple’s First Foldable iPhone Duo Sells Out Within Minutes
Delivery now delayed to December or later.
Semtech Gains Analyst Support as Price Targets Rise on Raised Outlook and Bold FY2030 Framework
BMO lifts Semtech target to $230 as the company raises Q3 guidance and unveils a $3.2B FY2030 framework with strong data center growth and margins.
Tesla Unveils Long-Delayed Roadster with SpaceX Thrusters, Targets 2028 Production
After nearly a decade of delays, Tesla unveiled the Roadster with thrusters. Deposits open, production set for 2028.
Semtech Plunges on Analyst Day as AI Growth Plans Fall Short of Market Hopes
Semtech stock fell sharply following its Analyst Day as the company’s long-term $3.2 billion revenue goal failed to satisfy the market’s elevated expectations.
Perplexity Open-Sources SPACE AI Sandbox, Sending Cybersecurity Stocks Lower
Shares of CrowdStrike, Palo Alto, and other cyber firms declined after Perplexity made its SPACE AI containment tool free and open source.
Debt Pressures CoreWeave as Huang and Bank of America Stay Optimistic
Credit markets pressure CoreWeave on financing risks. Nvidia’s Huang rejects a rescue while Bank of America raises revenue forecasts.
Higher Bar for IBD Control Achievable With Omvoh, Lilly Data Suggest
LUCENT-2 and VIVID-1 post-hoc data show Omvoh enabled comprehensive disease control and corticosteroid-free deep remission in IBD at one year.
Apple Hits $5 Trillion as AI Stocks Slide on Anthropic Slowdown and Inflation
Apple’s first close above $5 trillion came as AI stocks sold off on Anthropic’s weaker sequential growth and a hotter-than-expected CPI.
TSMC Posts Sixth Straight Record Profit on AI Demand, but Flags Caution for 2027
TSMC’s Q3 net profit jumps 69% to $23.6B as AI demand stays robust, while the company plans more carefully for 2027.
Hotter CPI Hits Stocks, but Big Pharma Defies the Slide
Eli Lilly, Merck, AbbVie, and UnitedHealth rose as markets fell on stronger inflation data, highlighting healthcare’s defensive strength.
‘Yikes’: CoreWeave Stock Tanks 16% as Bond Yields Hit 15%, CEO Calls Market ‘Irrational’
CoreWeave shares plunge after bond yields hit 15%. Musk replies “Yikes,” CEO calls the market irrational as AI debt concerns grow.
Barclays Downgrades Dell and HP Enterprise, Citing High Valuations and Lack of AI Catalyst
Barclays downgraded Dell, HP Enterprise and NetApp to Equal Weight, citing elevated valuations, commodity-driven revenue gains and no clear AI inflection.
ASML Raises Outlook as AI Orders Outrun Capacity Through 2028
ASML reports strong Q3 results and says AI-driven demand for its chipmaking machines will exceed supply in both 2027 and 2028.
AMAT Slides After Investor Day Skips Specific Wafer Fab Equipment Forecast
CEO Dickerson expressed strong confidence in AI-driven growth but stopped short of a firm wafer fab equipment forecast amid factory and supply limits.
Delaware Jury Finds Arm Breached Qualcomm License, Awards $2
Delaware jury finds Arm breached its license agreement with Qualcomm and interfered with its Meta relationship, awarding only $2 in nominal damages.
Fermi America Signs Credit Support Agreement with AMD for 222 MW Project Matador Phase
Fermi partners with AMD to advance Project Matador in Texas, securing credit support for 222 MW and a framework for up to 650 MW of AI power.
Citi Tops Q3 Profit Estimates as Services, Banking and Wealth Drive Gains
Citi reported $5.2B in Q3 profit, topping forecasts as services and banking grew. Revenue hit its best third quarter in a decade.
Goldman Sachs Beats Profit Estimates on Equities Strength
Goldman Sachs posted Q3 EPS of $17.01, beating the $13.02 consensus, as equities revenue rose 72% to $6.44 billion.
JPMorgan Chase Q3 Profit Rises to $15.3 Billion but Misses Estimates on Trading Strength
Equity markets surged 49% and investment banking fees climbed 14%.
Navitas and NVIDIA Collaborate on Single-Stage 800V-to-12V Power Board for AI Data Centers
Navitas collaborates with NVIDIA on a 24 kW board that converts 800V directly to 12V in one stage, cutting losses and space for AI data centers.
Meta Says It Has Reached the AI Frontier With Muse Wonder, Rejects Calls to Slow Down
Meta’s new Muse Wonder model challenges OpenAI and Anthropic.
Microsoft Unveils Maia 300 AI Chip as Shares Rise and Market Cap Tops $4 Trillion
Microsoft unveiled the Maia 300 AI chip, promising 40% more tokens per megawatt and multi-gigawatt deployments starting in 2027, sending shares above $4T.
Capital, Not Chips, Could Become AI’s Biggest Bottleneck, Intel and Broadcom CEOs Warn
Intel and Broadcom CEOs warn that access to capital could overtake chip and power shortages as the main constraint on the AI boom.
BofA Upgrades Salesforce to Buy, Reversing AI Disintermediation Concerns
BofA upgraded Salesforce to Buy and lifted its price target to $285, arguing AI will deepen dependence on the platform rather than replace it.
Memory Chip Stocks Fall as China’s CXMT Claims Progress on Denser DRAM Design
Memory chip makers including Micron declined after CXMT reported progress on denser 4F² DRAM, targeting a server DDR5 RDIMM launch by end-2026.
Amazon Reportedly Negotiating $7 Billion Acquisition of AI Startup Decart
The company builds tools to switch between AI chips and creates world models.
Tower stocks jump as SpaceX’s $8 billion spectrum deal points to a ground network
Crown Castle, American Tower and SBA rose after SpaceX agreed to buy 800 MHz spectrum for Starlink Mobile, a shift analysts say favors tower leases.
Ambarella Shares Rise on Report Qualcomm May Be Interested in a Takeover
Fresh takeover talk sent Ambarella higher as Qualcomm and NXP were named as possible buyers. Talks are said to be advanced, but nothing is confirmed.
Tesla China September Sales Hit 2026 High as Exports Offset Weaker Local Demand
Tesla’s Shanghai plant sold 95,366 vehicles in September, a 2026 high. Exports rose 58% and offset a 9% drop in domestic China deliveries.
Lumentum Says AI Optical Parts Are Sold Out Through Early 2029
Lumentum CEO says AI optical parts are sold out through early 2029, with large supply shortfalls expected through 2028.
Barclays Starts Space and Defense Coverage, Favors SpaceX and Rocket Lab
Barclays opened aerospace and defense coverage, rating SpaceX and Rocket Lab Overweight and favoring defense tech over large primes.
Apple Cuts iPhone 18 Pro Component Orders by at Least 15% as Higher Prices Soften Demand
Rising memory chip costs and $100 price hikes have led Apple to cut iPhone 18 Pro component orders, according to a Nikkei Asia report.
SpaceX Buys Nationwide 800 MHz Spectrum to Challenge U.S. Wireless Carriers
SpaceX agreed to buy Grain’s nationwide 800 MHz licenses and won FCC approval for 15,000 Gen2 satellites, aiming at AT&T, Verizon, and T-Mobile.
Microsoft and Oracle fall after report puts OpenAI revenue $20bn below expectations
Microsoft and Oracle fell after an FT report said OpenAI’s annualised revenue is about $50bn, $20bn below earlier investor reports.
TSMC Stock Falls Despite Record Sales as Investors Sell the News
TSMC reported record Q3 revenue of $46.7 billion, up 50%, but shares fell as investors sold the news amid higher rates and rich valuations.
GlobalFoundries and TSMC Agree on $2 Billion Plan for U.S. Silicon Interposers for AI Packaging
GFS will make silicon interposers for TSMC’s CoWoS packaging in Malta, N.Y., under a multi-year $2B deal, with volume ramp in early 2028.
Goldman Sachs Upgrades Palantir to Buy, Sets $230 Target on AI Growth
Goldman forecasts another stretch of outperformance for Palantir through 2027.
Intel rises as Musk says Tesla and SpaceX, not TSMC, will run Terafab
Intel remains a partner, while TSMC is limited to a possible sublease.
Micron’s Taiwan union votes to authorize strike over profit-sharing dispute
Micron’s Taoyuan union voted 99% to authorize a strike over profit-sharing. No date is set. Taiwan makes key DRAM and HBM chips.
SpaceX seeks $40 billion, led by Apollo, to buy Nvidia AI chips
The FT says SpaceX wants about $10B in bank loans and $30B in debt, led by Apollo, to fund a large Nvidia AI chip order. The deal may close in 2027.
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.
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.