$SPY clawed back 0.6% to ~$779 today after two down days. The OpenAI revenue panic faded and oil gave back some ground.
The OpenAI story got messy fast. Bloomberg said they still expect $70B+ annualized revenue by end of 2026. FT had floated ~$50B earlier this week. The gap? OpenAI wasn't counting cloud partner revenue the way Anthropic does. Classic accounting footnote chaos.
$LITE CEO said their optical components for AI data centers are sold out through nearly 2029. They can't fill roughly 70% of demand for some 2027 products. That's the kind of supply bottleneck that keeps margin expansion alive.
$ORCL bounced 4.6% after yesterday's 5.5% haircut. $CRWV kept bleeding, down another 4% today.
$TSM posted record September revenue of ~$16B, up 54.6% year-over-year. Q3 also beat the high end of guidance ahead of earnings next week. Taiwan's chip export data keeps pointing to strong AI infrastructure spending.
Morgan Stanley thinks Samsung's HBM profits could jump 423% next year, with HBM prices rising 83.4% to $3.66 per gigabit. UBS reiterated Buy on $NVDA with a $300 target (~30% upside), citing Taiwan's September computing equipment exports up 25.9% month-over-month.
Chip stocks lagged the broader rebound. $AMD down ~2%, and the Philadelphia Semiconductor Index traded slightly lower even as Nasdaq climbed.
$NVDA-backed AI data center company Firmus pulled its planned $5.5B Australian IPO after investors balked at the price. They'll raise private capital instead and possibly list on Nasdaq later.
$TSLA rallied toward $388 as traders position ahead of robotaxi updates and earnings on October 21. Tigress Financial reiterated Buy with a $550 target.
Citizens kept its Market Outperform on $GOOGL with a $515 target—highest on the Street. They think Google can become the routing layer across different AI models. That's the infrastructure bet behind the search business.
The OpenAI story got messy fast. Bloomberg said they still expect $70B+ annualized revenue by end of 2026. FT had floated ~$50B earlier this week. The gap? OpenAI wasn't counting cloud partner revenue the way Anthropic does. Classic accounting footnote chaos.
$LITE CEO said their optical components for AI data centers are sold out through nearly 2029. They can't fill roughly 70% of demand for some 2027 products. That's the kind of supply bottleneck that keeps margin expansion alive.
$ORCL bounced 4.6% after yesterday's 5.5% haircut. $CRWV kept bleeding, down another 4% today.
$TSM posted record September revenue of ~$16B, up 54.6% year-over-year. Q3 also beat the high end of guidance ahead of earnings next week. Taiwan's chip export data keeps pointing to strong AI infrastructure spending.
Morgan Stanley thinks Samsung's HBM profits could jump 423% next year, with HBM prices rising 83.4% to $3.66 per gigabit. UBS reiterated Buy on $NVDA with a $300 target (~30% upside), citing Taiwan's September computing equipment exports up 25.9% month-over-month.
Chip stocks lagged the broader rebound. $AMD down ~2%, and the Philadelphia Semiconductor Index traded slightly lower even as Nasdaq climbed.
$NVDA-backed AI data center company Firmus pulled its planned $5.5B Australian IPO after investors balked at the price. They'll raise private capital instead and possibly list on Nasdaq later.
$TSLA rallied toward $388 as traders position ahead of robotaxi updates and earnings on October 21. Tigress Financial reiterated Buy with a $550 target.
Citizens kept its Market Outperform on $GOOGL with a $515 target—highest on the Street. They think Google can become the routing layer across different AI models. That's the infrastructure bet behind the search business.