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Solana remains skewed to the downside amid negative macro backdrop as US CPI looms

What's Going On With AMD Stock Monday. Advanced Micro Devices Inc. AMD stock rose more than 3% in Monday’s premarket trading as investors returned to semiconductor stocks amid stronger market futures and optimism surrounding artificial intelligence demand. Nasdaq futures gained 0.51%, while S&P 500 futures climbed 0.71%, supporting technology stocks. The rebound comes after AMD pulled back from its October highs despite strong third-quarter earnings and an upbeat fourth-quarter revenue forecast. AI Boom Fuels Growth Expectations AMD recently reported third-quarter revenue of $13.38 billion, up 45% year over year and above Wall Street’s $13.09 billion estimate . Adjusted earnings reached $2.09 per share, beating the $1.95 consensus estimate. Data center revenue surged 97% to $8.5 billion, accounting for roughly 64% of total sales. AMD expects fourth-quarter revenue of approximately $17 billion, plus or minus 3%, above analysts’ $16.23 billion forecast. CEO Lisa Su expects growth to accelerate as the company expands production of its Helios AI systems and Venice server processors. However, AMD forecasts an adjusted gross margin of 55%, down from 56% in the third quarter. AMD’s Growing Advantage Over Intel In a Nov. 6 report, Counterpoint Research highlighted AMD’s growing advantage over Intel Corp. INTC in data center revenue. Counterpoint expects AMD’s data center revenue to reach approximately $77 billion in 2027, split almost evenly between server processors and AI hardware. The research firm also expects AMD’s data center business to account for more than 80% of total revenue next year. Counterpoint noted that AMD’s fourth-quarter revenue forecast of $17 billion exceeds Intel’s approximately $15.5 billion midpoint forecast. However, the firm said AMD’s advantage comes primarily from AI accelerators rather than traditional server processors. Analysts Remain Bullish Despite Valuation Concerns AMD carries a consensus Buy rating and an average analyst price forecast of $640.96 . On Monday, Oppenheimer upgraded AMD to Outperform with a $600 price forecast. Meanwhile, UBS maintained its Buy rating but lowered its price forecast to $700 on Nov. 4. JPMorgan maintained Neutral while raising its forecast to $575. AMD trades at approximately 95.9 times earnings, reflecting elevated expectations for future growth. Benzinga Edge rankings give AMD a Momentum score of 93.27, Growth score of 87.17 and Quality score of 90.64. However, its Value score of just 5.22 highlights the stock’s premium valuation. AMD Stock Technical Analysis AMD remains above its 200-day simple moving average of $415.98, supporting its longer-term bullish trend. However, shares remain below the 20-day average of $527.30 and the 50-day average of $546.81, signaling continued near-term weakness. The moving average convergence divergence indicator, or MACD, also remains below its signal line, suggesting bearish momentum. Traders are watching resistance near $491 and support around $463. AMD Price Action AMD shares gained 3.15% to $463.18 in Monday’s premarket trading, according to Benzinga Pro data .

COINBASE $COIN JUST GOT FULL APPROVAL TO BECOME A NATIONAL TRUST BANK The Office of the Comptroller of the Currency signed off on the charter last week - Bloomberg

RUSSIA FORMIN LAVROV: ABU DHABI TALKS' MAIN TOPIC IS SECURITY ISSUES

Nvidia, AMD, Intel, Berkshire Hathaway, and More Stocks That Explain Today's Market — Barrons.com. By George Glover Stock futures were rising on Monday after President Donald Trump said it was "highly unlikely" he would order more attacks on Iran, which dragged down oil prices to ease some of the market's inflation fears. Nvidia fell 4.5% ahead of the opening bell. The chip maker's board is launching an independent investigation into reports that CEO Jensen Huang was targeted by a foreign spy, after he had an affair with an executive suspected of working for Chinese intelligence. Advanced Micro Devices rose 2.3% to $458.86. Oppenheimer analyst Rick Schafer upgraded the chip stock to Outperform, setting a $600 price target. He expects data-center revenue to surge 135% in 2027. Other chip and memory stocks struggled as the Huang investigation piled more pressure on the AI trade. Intel, Marvell, Qualcomm, Sandisk, and Super Micro Computer all fell in premarket trading. Berkshire Hathaway ticked up 0.4%. The conglomerate's railroad, utility, manufacturing, and service businesses posted higher third-quarter profits, which helped operating earnings hit analysts' expectations even as underwriting and investment income declined. Coinbase fell 2.7%, Robinhood declined 1.7%, and Strategy dropped 4.2%. The crypto stocks were sliding following a retreat in Bitcoin prices over the weekend, as investors carried on ditching risk-on assets. Write to George Glover at george.glover@dowjones.com This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

SpaceX Stock Needs to Hold This Level as AI Anxiety Rises — Barrons.com. By Al Root Stock market and SpaceX volatility has been picking up as investors worry about the market's ability to finance the trillion-dollar artificial-intelligence buildout and whether the midterms wave for Democratsw will allow the buildout to happen on schedule. Coming into the week, SpaceX stock had dropped for three of the past four weeks, losing 17.5%. Shares have fallen below their initial public offering price from June of $135 and have declined 41% from an all-time high of $225.64. Investors anxiety is on the rise while their stock in Elon Musk's rocket and AI company fall. Technical stock market analysis can help calm frayed nerves. For SpaceX, the charts say shares need to hold the $130 level, or the all-time low of $104.83 will be back in play. "The $130 level is particularly important to hold," said CappThesis founder and market technican Frank Cappelleri. SpaceX stock broke below $130 on Thursday and reclaimed that level on Friday. The $130 level "also was an area where the stock found support several times in August, as well as a clear breakout point in the middle of that month." Breaking $130 could be a problem. After that, "the nearest support is at the lows near $107," says Fairlead Strategies founder and market technicial Katie Stockton. Stockton and Cappelleri aren't making a fundamental call on SpaceX stock. They use charts and market history to gauge investor sentiment, which has been weak lately. Technical stock market is particularly useful when volatility picks up and fundamentally minded investors no longer trust fundamentals. More fear related selling could push SpaceX down further. Aside from AI fears, SpaceX investors face another roughly 800 million shares coming off of the post IPO lockup in early December. Extra supply can push the price of anything down for a period of time. Of course, things can turn around. A positive step "would be getting back above its newly established 50-day moving average, currently near $149," adds Cappelleri. If shares can get above that, they are likely to head back to $160, he added. That would be a sign that the market's AI fears are abating. SpaceX stock was up 1.4% at $136.18 in premarket trading, while the S&P 500 and Dow Jones Industrial Average were up 0.6% and 1%, respectively. Write to Al Root at allen.root@barrons.com. This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

What Is Jensen Huang Worth to Nvidia? — WSJ. By Chelsey Dulaney Investors this morning are confronting the once-unthinkable: Nvidia without co-founder Jensen Huang. The company's shares are sliding about 5% in premarket trading after its board launched an investigation into Huang's affair with an alleged Chinese spy. A company spokesman said Huang would stay on as CEO. Investors aren't so sure. Here's what's at stake. Nvidia is on track to lose over $200 billion in market value when stock trading opens. That would bring Nvidia's market cap down below $4.3 trillion-still making it the second most valuable U.S. company, but slipping further away from leader Apple. The investigation is likely to add to scrutiny of Nvidia's relationship with China. Huang has advocated against restrictions on its ability to sell chips to China, and last year struck a deal allowing it to sell a less-advanced type of AI chip there. Despite setbacks in implementing the deal, Nvidia reported overall sales to China and Hong Kong of $7.9 billion, or about 8% of its revenue, in its latest quarter. Huang is both one of Silicon Valley's longest-serving leaders and one of its most powerful, and has forged close ties with Donald Trump and other global leaders as AI has taken off. Huang co-founded Nvidia in 1993 and remains its largest individual shareholder with about 3.4% of outstanding shares. He is one of 11 members of the company's board of directors. But unlike some other tech firms, Nvidia doesn't have a dual-class share structure that gives Huang outsize control over the board. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

Trump says he hopes to go to heaven after death but refuses to 'forgive enemies,' per YF

NVIDIA ESPIONAGE REPORTS COULD TRIGGER TOUGHER US CHIP EXPORT RESTRICTIONS Raymond James warns that reports of alleged Chinese espionage targeting Nvidia ($NVDA ) could accelerate congressional support for the MATCH Act, which would tighten semiconductor and chipmaking equipment exports to China. The legislation has bipartisan backing, with incoming Democratic congressional majorities potentially pushing for even stricter controls. Additional restrictions could threaten the fragile US-China trade détente, particularly China's continued supply of rare earth minerals.

Apple's AI features on Ipad, Macbook get China's approval.

Apple Intelligence AI service registers with Chinese regulator for use on tablets, laptops. The cyberspace regulator in China's Shanghai said on Monday that Apple's AAPL generative AI service, Apple Intelligence, has been registered for use on tablets and laptops in China. China requires companies to register large language models and generative AI services with regulators before making them available to the public. The US company received Chinese regulator's approval to roll out Apple Intelligence on iPhones in July.

【最新内容：LiveSquawk @LiveSquawk · 2026-11-09T11:34:51.000Z】 "The US president will meet Qatar's prime minister, who is bringing a proposal from Tehran to reopen the Strait of Hormuz in exchange for the release of $8 billion in frozen funds" 【引用内容：LiveSquawk @LiveSquawk · 2026-11-09T11:16:08.000Z】 #OOTT | Iran Has Apparently Dropped Its Demand To Control The Strait Of Hormuz And Collect Transit Fees From Vessels Passing Through The Strategic Waterway – Israel Hayom https://israelhayom.com/2026/11/09/8-billion-lifeline-iranian-deal-set-to-land-on-trumps-desk/…

【最新内容：Evan @StockMKTNewz · 2026-11-09T11:34:28.000Z】 Anthropic $ANT is reportedly planning to start marketing its IPO today 【引用内容：IPO Newsroom @IPONewsroom_ · 2026-11-09T11:33:51.000Z】 Anthropic is starting to market its IPO today, according to Bloomberg. The company is seeking a lower-than-expected valuation target after the recent market rout, the report said.

Line In The Sand: Goldman's Top Tech Specialist Flags The Most Important Level For The Market

CHILEAN COPPER EXPORTS FELL TO $5.41 BILLION IN OCT.

I spy AI. By Mike Dolan A nervy tech sector starts the week with a nearly 4% slide in AI chip giant Nvidia on a bizarre tale of an extramarital affair and spying allegations. Nvidia boss Jensen Huang admitted to employees that he'd had an affair with a woman who news reports claimed was spying for China. The company said it was investigating those allegations and Huang's position may now be in the balance. As Huang is a central figure in the whole AI buildout and an industry power figure in relations with Washington and governments around the world, markets may now be pricing the risk of his removal. President Trump's initial response was to give Huang the benefit of the doubt, but he too faces questions about reports that he didn't act when intelligence originally briefed him on the situation several months ago. Either way, the story will not calm anxieties in the AI investment world, which has just suffered its worst week in well over a year despite Friday's relief rally. It may also simply play into the hands of Nvidia competitors such as AMD and other leading chipmakers. Asia stocks followed Friday's Wall Street tech bounce with gains of their own on Monday. Markets were also digesting Friday's strong US payrolls report, where broad-based job gains came in at twice forecasts and lifted the three-month average payroll gain to more than 130,000 per month. Bets on another Federal Reserve interest rate rise next month pushed higher as a result. Elsewhere, oil prices slipped on Monday after Trump indicated at the weekend that there would be no immediate re-escalation of the Iran conflict - a decision that follows the Republican Party's heavy defeats in last week's midterm elections. In the background, Israeli opposition parties under Gadi Eisenkot have been given the first chance to form a government following the recent inconclusive elections there. In China, there was a mixed picture on October inflation, with producer price inflation accelerating strongly but consumer price gains slipping back once more. Otherwise, the release of US consumer price inflation data on Tuesday will top the economic release calendar this week as the earnings season starts to wind down. CHART OF THE DAY Nvidia shares fell sharply on Monday after news of the probe into Jensen Huang, which has put a spotlight on his future given Nvidia's status as the world's most valuable chipmaker and the CEO's role as the most prolific salesman of the AI boom. TODAY'S EVENTS TO WATCH US 3-year note auction (1 p.m. EST) Fed's Michelle Bowman, Chicago Fed's Austan Goolsbee and Richmond Fed's Thomas Barkin speak Want to receive the Morning Bid in your inbox every weekday morning? Sign up for the newsletter here . You can find ROI on the Reuters website , and you can follow us on LinkedIn and X . Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles , is committed to integrity, independence, and freedom from bias.

French Labour Minister: To advance minimum wage raise to December 1.

French Labour Minister: Government to raise minimum wage by 1.6% to €1,502.

CoreWeave Stock Drops as CEO Pushes for Texas Data-Center Clarity — Barrons.com. By Callum Keown CoreWeave stock has been under even more pressure since the Democrats swept the midterm elections but the CEO has taken steps to alleviate fears of a data-center backlash. The shares tumbled 15% last week, even after a 6% Friday, as the Democrats won control of the Senate and the House. The stock has fallen 44% over the past month, as concerns about artificial-intelligence spending and the company's debt load have exacerbated. The result of the Texas governors' race was of particular concern — the newly elected Gina Hinojosa has called for a pause on data-center development, to make time to set new rules to limit the impact on water and power bills. CEO Michael Intrator clearly sees the significance, too. He wrote to Governor-elect Hinojosa, congratulating her on the victory, supporting her principles, and setting out CoreWeave's desire to work together on the standards governing future development. He also urged for clarity that already permitted data center projects will be allowed to be completed. That would provide important certainty for companies that have already "committed substantial resources" to Texas, he said. Intrator named six active sites the company has in Texas — in Austin, Denton, Dickens County, Plano, Richardson, and Round Rock. "We intend to remain a responsible, long-term partner to the state and the communities where we operate." The letter also talks up CoreWeave's liquid cooling systems, noting that "day-to-day water use is comparable to, or lower than, a commercial office building of similar size." It would appear to be a positive step, particularly if CoreWeave gets the clarity it wants over permitted projects. Even more so if it can work with Texas on whatever the future of the AI buildout looks like. However, it's not helping the stock, which was pointing down 2.6% ahead of the open Monday. That may be down to the company's partnership with Nvidia. The AI chip leader's shares were falling more than 4% after Nvidia said Jensen Huang will face an independent investigation into reports that the CEO was the target of a "foreign intelligence effort." It follows reports that he had a romantic relationship with an executive suspected of working for Chinese intelligence. But with CoreWeave reporting earnings after the close Tuesday, the cloud-computing company could be driving the AI trade — one way or another — in the days ahead. Write to Callum Keown at callum.keown@dowjones.com This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

@themarketear: [转推] zerohedge reposted Everyone is selling AI. Nobody told earnings. [链接预览] The AI Crash Has A Problem: Earnings Aren't Crashing

Kevin O’Leary Calls AI an 'Amazing Opportunity' for Entrepreneurs, Says Nobody Wants to Stop 'Innovation' or 'Job Creation'. Investor and entrepreneur Kevin O’Leary defended the rapid expansion of artificial intelligence, arguing that the technology presents a major opportunity for innovation, job creation and economic prosperity in the U.S. O’Leary Calls AI a Major Economic Opportunity On Sunday, in a post on X , O’Leary said millions of entrepreneurs viewed AI as an “amazing opportunity,” positioning himself firmly among those who believe AI will deliver significant economic and scientific breakthroughs. “There’s two camps. Some believe that the robots are gonna eat the babies, and the other believe that we’re gonna cure cancer,” he wrote, adding that he belonged to the “cure cancer camp.” O’Leary argued that Americans broadly support technological advancement, business growth and economic development. “At the end of the day, no one wants to stop innovation. No one wants to stop job creation. Nobody wants to stop digitization,” he said. O’Leary also described AI as the “number one use of capital in our economy right now,” arguing that the technology was generating millions of jobs. Kevin O'Leary aka Mr. Wonderful @kevinolearytv Talk to the millions of entrepreneurs that see this as an amazing opportunity because AI is here to stay. There's two camps. Some believe that the robots are gonna eat the babies, and the other believe that we're gonna cure cancer. I'm in the cure cancer camp, and so are millions… pic.twitter.com/ZBBGEI6JVH Nov 08, 2026 AI Boom Fuels Growth and Job Fears Last week, Advanced Micro Devices Inc. AMD CEO Lisa Su projected strong AI growth in 2027 , expecting server revenue to double year over year and Data Center AI revenue to grow even faster. She anticipated the Data Center business would contribute more than 80% of AMD’s total revenue, while acknowledging that demand exceeded available supply. Meanwhile, venture capitalist Chamath Palihapitiya warned that AI-native startups faced growing competition from foundational model developers such as OpenAI and Alphabet Inc. ’s GOOGL GOOG Google as they expanded into software applications. He argued that falling AI costs were shifting value toward owning applications and workflows rather than selling access to AI models, warning that AI-native businesses could face disruption as foundational model developers move into their markets. Previously, Microsoft Corp. MSFT co-founder Bill Gates warned that AI could displace workers faster than they could adapt, particularly threatening lower-paid and entry-level jobs. He cautioned that automation could affect industries ranging from law and customer service to manufacturing, while new positions might not replace those lost. Gates also warned that society lacked a plan to prepare workers for the transition.

US AND IRAN CONSIDER $8 BILLION DEAL TO REOPEN STRAIT OF HORMUZ President Trump is expected to meet Qatar's prime minister Monday to discuss an Iranian proposal to reopen the Strait of Hormuz in exchange for releasing $8 billion in frozen funds, according to Israel Hayom. The reported deal would end Iranian attacks on Gulf shipping and lift US restrictions, but would not address Iran's nuclear program. Vice President JD Vance is reportedly pushing for an agreement despite opposition from senior administration officials.

Wall Street futures rise up to 0.8% as crude oil prices decline; NVIDIA shares fall 5% in pre-market trade. US stock futures rose on Monday evening, India time, supported by lower crude oil prices, although a sharp decline in Nvidia shares limited gains. Futures for the S&P 500 rose 0.52 per cent, while those for the Dow Jones Industrial Average gained 0.91 per cent. Nasdaq 100 futures were up 0.2 per cent. Nvidia shares fell more than 5 per cent in pre-market trade after Chief Executive Officer Jensen Huang's reported admission of an affair with a woman identified as a suspected Chinese spy. An exchange-traded fund tracking semiconductor stocks fluctuated. Investors are also awaiting Nvidia's quarterly results, scheduled to be announced next week. Brent crude futures declined 1 per cent to near USD 97 per barrel, extending last week's 16 per cent fall as diplomatic efforts to end the US-Iran conflict continued. CNN quoted US President Donald Trump as saying on Sunday that it was "highly unlikely" he would order further strikes against Tehran if negotiations showed progress. In Asian markets, Japan's Nikkei 225 and China's Shanghai Composite ended higher, while South Korea's Kospi and Hong Kong's Hang Seng settled lower. European markets were trading in positive territory during mid-session deals. Meanwhile, domestic benchmark indices Sensex and Nifty ended higher on Monday, supported by a correction in crude oil prices and buying in blue-chip banking and financial stocks. The 30-share BSE Sensex climbed 107.25 points, or 0.13 per cent, to settle at 81,106.65. During the session, it advanced 340.01 points, or 0.41 per cent, to hit 81,339.41. The 50-share NSE Nifty gained 58.25 points, or 0.23 per cent, to close at 25,044.65.

BRENT CRUDE FALLS TO INTRADAY LOW BELOW $96/BBL

Elon Musk recently posted this: “The Cybertruck order rate far exceeds our production rate. We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people.”

IRAN HAS APPARENTLY DROPPED ITS DEMAND TO CONTROL THE STRAIT OF HORMUZ AND COLLECT TRANSIT FEES FROM VESSELS PASSING THROUGH THE STRATEGIC WATERWAY – ISRAEL HAYOM

@Che_SYoung: [转推] zerohedge reposted NvidiaのCEOの不倫事件と関連して韓国で話題になってるのは、絶好調の韓国半導体メーカーSK Hynixの会長・崔泰源と彼の恋人。 彼は盧泰愚元大統領の娘と結婚したが現在離婚訴訟中。離婚の原因と言われてるのが新しい恋人のこの女性。 彼女は韓国生まれだが中国の国立美術教育機関「中央美術学院」を卒業したと報じられている😳

#OOTT | Iran Has Apparently Dropped Its Demand To Control The Strait Of Hormuz And Collect Transit Fees From Vessels Passing Through The Strategic Waterway – Israel Hayom [链接预览] $8 billion lifeline? Iranian deal set to land on Trump's desk

Quotes Roundup: Reaction to Nvidia Probe After Huang's Affair — WSJ. By Ed Ballard Bill Ackman, CEO of hedge fund Pershing Square (X post): "If indeed this is more than an affair, then it is an obviously a real problem. I like the guy. He has done a lot of good for the world and I hope the damage here is minimal. That is, I am hoping for a simple affair, not a risk to our national security." Shaun Maguire, partner at venture firm Sequoia (X post): "Jensen is irreplaceable for America's AI leadership." Ryan Fedasiuk, senior fellow at the Foundation for American Innovation (X post): "The issue at hand is whether Mr. Huang's confidential personal relationship with his customer might have weighed materially on any decision to export Nvidia's products to Megaspeed-or to defend the company's broader client relationship with Megaspeed-even after it was revealed the Commerce Department was investigating that company for surreptitiously diverting Nvidia's products for resale to China, in contravention of U.S. law." Chris McGuire, senior fellow at Council on Foreign Relations (X post): "Obviously Nvidia needs to take significant steps in its operations, security, and policy advocacy to ensure it takes national security concerns more seriously. But it is even more important that the Department of Commerce tighten up export controls to prevent things like this from ever happening again." Gary Black, managing partner of investment adviser Future Fund (X post): "I doubt Jensen Huang will be able to remain as NVDA CEO...He has no natural successor within the company. While I don't see long-term value impairment, many portfolio managers will reduce their NVDA holdings in the coming weeks as a result of uncertainty over who could succeed Jensen." Ed Mills and Andy Kellam, analysts at investment bank Raymond James: "Reports of Chinese espionage targeting Nvidia and efforts to evade U.S. semiconductor export controls will likely strengthen congressional support for legislation such as the MATCH Act, which would further restrict semiconductor and chipmaking equipment sales to China." President Trump (who appeared to back Huang staying on as CEO when asked by reporters): "I think he's an honorable guy." This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

Nvidia's Sharp Share Fall Amid CEO Probe Seen as Opportunity to Buy — Market Talk. The investigation by Nvidia's board into reports that its Chief Executive Officer Jensen Huang has been a spying target after an affair with an executive suspected of working for Chinese intelligence is a personal rather than corporate crisis, says deVere's Nigel Green. "Nothing about this weekend's news changes how many chips it sells or how badly the world needs them." Investors should look to Nvidia's sharp premarket fall as an opportunity to buy the stock, according to deVere. Nvidia's board has backed Huang. If the investigation clears the CEO, "the market is likely to move on quickly, and the discount on offer today will start to look like a gift," Green says. Shares fall 4.35% premarket. (josephmichael.stonor@wsj.com)

Nvidia Price Target Maintained With a $300.00/Share by Goldman Sachs. Ratings actions from Benzinga: https://www.benzinga.com/quote/NVDA/analyst-ratings

CITIGROUP CUTS US EQUITIES TO NEUTRAL FROM OVERWEIGHT CITIGROUP CUTS GLOBAL TECHNOLOGY TO NEUTRAL FROM OVERWEIGHT

The BOE should not have hiked. You do not raise rates into a negative supply shock. They boxed themselves into a corner in September. Ex-energy CPI is 2.5%, vacancies at a five-year low, private sector earnings at 3%. Nothing in the UK data supports tighter policy.

Elon Musk Says Tesla Will Have to Return Cybertruck Deposits to 'A Lot of People,' Rejects Unprofitability Reports. Tesla Inc. TSLA CEO Elon Musk said the automaker will refund Cybertruck deposits to many customers as it prepares to wind down production of the electric pickup, rejecting reports that the decision stems from unprofitability. Musk Rejects Reports Of Cybertruck Unprofitability "The Cybertruck order rate far exceeds our production rate," Musk clarified in an X post early Monday. "We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people." Elon Musk @elonmusk The Cybertruck order rate far exceeds our production rate. We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people. This is not a case of Cybertruck being unprofitable, as has been misreported… https://t.co/rGmNKV3ILs Nov 09, 2026 "This is not a case of Cybertruck being unprofitable, as has been misreported by legacy media," Musk said, arguing that manufacturing complexity created an opportunity cost "vastly outweighed by the value of incremental Cybercab production." His remarks followed Tesla’s November 6 announcement that Cybertruck production would end around mid-2027, freeing manufacturing capacity at Gigafactory Texas for its autonomous robotaxi. Reuters reported the decision that day. Tesla Plans Additional Shift Before Shutdown Musk’s comments followed his Saturday announcement that Tesla would add another production shift to fulfill outstanding Cybertruck orders before dismantling the assembly line for Cybercab expansion. However, the pickup’s commercial performance has fallen short of earlier expectations. According to Kelley Blue Book figures, U.S. Cybertruck sales declined 48% to 20,237 vehicles in 2025, compared with Musk’s earlier annual target of 250,000. Cybercab Takes Priority Despite Manufacturing Challenges The Cybertruck’s stainless-steel construction, 48-volt electrical architecture and steer-by-wire technology require specialized manufacturing processes, according to Tesla’s published specifications. The company now intends to prioritize Cybercab, a purpose-built autonomous vehicle without conventional driving controls. Tesla has already begun expanding Cybercab operations , although regulatory approvals remain a challenge, with federal regulators reviewing Cybercab’s compliance with vehicle safety standards. Musk has not disclosed how many Cybertruck reservations remain unfulfilled or how much Tesla expects to refund. Price Action: TSLA shares were trading 0.09% lower at $357.90 in pre-market trading on Monday, according to Benzinga Pro data .

What's Going On With Sandisk Stock Monday. Sandisk Corp. SNDK stock fell Monday in premarket trading as investors weighed broader weakness in artificial intelligence stocks, regulatory uncertainty and growing competition in the memory chip market. The stock declined despite gains in broader market futures. Nasdaq futures rose 0.36%, while S&P 500 futures gained 0.53%. AI Selloff and Competition Weigh on Sandisk Sandisk faces pressure from a broader selloff in AI infrastructure and semiconductor stocks. Investors are also watching potential regulatory changes following the U.S. midterm elections. Tighter oversight of data center development could affect demand for NAND flash memory. Meanwhile, competition concerns have intensified as Chinese memory chipmaker ChangXin Memory Technologies expands production. According to Counterpoint Research, Sandisk’s global NAND flash memory revenue share fell to 11% in the second quarter of 2026 from 13% in the previous quarter. Meanwhile, Chinese rival YMTC held a 14% share, up from 12% in the fourth quarter of 2025. The shift highlights growing competition despite a 70% quarterly surge in the overall NAND market. Recent analyst downgrades and lower price forecasts have added to the pressure despite Sandisk’s strong earnings performance. Technical Analysis: Sandisk Stock Remains Oversold Sandisk shares remain in a steep downtrend, trading 34.4% below their 20-day simple moving average (SMA). The stock also trades 45.5% below its 50-day SMA and 47.4% below its 100-day SMA. Its relative strength index (RSI) stands at 26.16, signaling oversold conditions. While this could attract bargain hunters, it does not guarantee a rebound. The stock faces resistance near $965. Despite the recent decline, Sandisk has gained 211.65% over the past 12 months. Analysts See Upside Despite Recent Downgrades Sandisk carries a consensus Buy rating, with an average price forecast of $2,176.43 . Fox Advisors downgraded the stock to Equal-Weight on Nov. 2. Rosenblatt maintained its Buy rating and $2,400 price forecast on Oct. 30. Wells Fargo maintained an Equal-Weight rating but lowered its price forecast to $1,300. SNDK Price Action Sandisk shares fell 1.36% to $823.72 in Monday’s premarket trading, according to Benzinga Pro data .

BARRICK MINING Q3 PRODUCTION 816,000 OUNCES OF GOLD AND 50,000 TONNES OF COPPER

Goldman Sachs maintains NVIDIA at Buy, keeps price target at $300. Goldman Sachs maintained NVIDIA at Buy and kept its price target at $300. The price target implies an upside of 60.7% from the Nov 6 close of $186.64. Explore more price target data and ratings for NVIDIA on the Forecasts tab , and track all previous and future analyst recommendations in the dedicated News Flow .

The 10-Point: Nvidia CEO Discloses Affair, Board Launches Probe Over Chinese Spy Fears — WSJ Newsletter. Emma Tucker 1. FROM MY DESK When the chief executive of a $4 trillion tech giant discloses an affair, Wall Street takes notice. When that relationship entangles him with a suspected Chinese intelligence operative, it quickly raises questions of national security. (Nvidia's) board said it is launching an investigation into the matter, while expressing confidence in its co-founder. The investigation comes as Huang lobbies the U.S. government and leaders around the world to allow the free flow of chips powering the latest AI models and attempts to rebut concerns that such an approach could compromise national security. This morning, we examine the espionage inquiry encircling one of Silicon Valley's most powerful executives, alongside a closer look at the family dynasty helping him run Nvidia. This is an edition of The 10-Point newsletter, a guided tour of the best coverage in The Wall Street Journal. If you're not subscribed, sign up here. If you're reading this in your inbox, tap the headline above for online and audio versions of this newsletter. 2. TODAY'S HEADLINES In his first sit-down interview since Republicans' devastating election losses, President Trump floated a deal with Democrats on immigration, suggested he might not endorse a Republican successor ahead of the 2028 election and said he had no intention of forgiving his political enemies. The massive shift in the midterm elections is a sign of a new political era taking hold from the U.S. to Europe. China's push for influence in the South Pacific is running into resistance. 3. LIVE FROM THE MARKETS Follow our live financial coverage all day. Stocks Spencer Jakab is watching: Aaaand we have liftoff. Firefly Aerospace's shares had been down by nearly a third year to date, but they got a big boost Friday after the company reported a $1.3 billion deal to supply rocket engines and license its technology to AST SpaceMobile. The stock jumped 37% on the news. A quick programming note: I'll be away for the next two weeks. Meanwhile, you can follow daily market moves with our Markets A.M. and Markets P.M. newsletters. For big bank stocks, Capitol Hill's bark is worse than its bite, writes Telis Demos. 4. READ IT HERE FIRST Democrats promised to fix the economy. What can they really do? The voters who powered the Democrats' triumph in the midterms delivered a blunt message: Make the economy work for us. Now, Democrats must deliver. Whether they can isn't assured, despite the party's pending control of the House and Senate. Many demands are beyond the reach of lawmakers to fix. The main tools of Congress, taxes and spending, are limited and slow-moving-and lawmakers still face Trump's veto. Satisfying voter wishes also could have unintended consequences, report Matt Grossman, Jeanne Whalen and Gavin Bade. 5. Dwindling pay is fueling high-profile exits from Blackstone's marquee real-estate team. A string of high-level departures from Blackstone's real-estate business is shaking up the world's biggest property investor. Nearly a third of the unit's senior managing directors have left the firm over the past three years as its investment funds for the sector have slumped. Each of the dozen Blackstone real-estate executives departed for a variety of reasons. Some became weary of a job that demanded constant travel and being on call nonstop. Others retired or were eased out. But a common thread runs through the mini-exodus: They were no longer making the money they had in their best years because Blackstone's real-estate funds aren't earning as much. And with borrowing costs high and commercial real estate struggling, industry executives don't see prospects for that changing soon, reports Peter Grant. Make sense of AI's impact on business. Sign up for WSJ AI & Business, a free weekly newsletter packed with news, insights and data from our global team of technology journalists. 6. SEE THE STORY These maps show the gangs and guerrillas ruling more than 200 million people. Violent gangs vying to control cocaine exports have destabilized once-peaceful Ecuador. In northern Africa's Sahel region, religious insurgents and ethnic militias have chased government authorities from entire provinces. And in Southeast Asia, criminal syndicates run industrial-scale fraud centers and drug operations from ungoverned pockets of Myanmar and Cambodia. Around the world, guerrillas, cartels and syndicates are challenging traditional concepts of nationhood as they use violence and coercion to exert dominance over territory and people. More than 200 million people across 60 countries live in areas controlled or contested by armed nonstate groups, according to International Committee of the Red Cross estimates. 7. HAPPENING TODAY Congress returns to begin a lame-duck session before both majorities switch to the Democrats. The U.N. climate summit, COP31, begins in Turkey. G-7 foreign ministers begin a two-day meeting in Paris. Earnings: Trump Media, Skydance, H&R Block, KKR Today's paper 8. THE NUMBER 23% At least 23% of Americans between 18 and 34 were running their own business or side hustle last year, up from 19% in 2021, according to Babson College. Among those from ages 18 to 24, that rate has more than doubled from a decade ago. No demographic is launching enterprises faster than 20-somethings: As AI disrupts the entry-level jobs once seen as reliable career steppingstones, younger workers are deploying the technology to bypass corporate ladders and build companies of their own. 9. AND FINALLY... Meet the parents building bowling alleys and wellness spas to keep their kids home. Wealthy homeowners across the country are spending millions on amenities designed to draw their teenage and adult children back home. The hope is that features like golf simulators, juice bars, vending machines and dance studios-often costing hundreds of thousands of dollars-will encourage more family time. Many are finding, however, that salons and pickleball courts only go so far. 10. BEYOND THE NEWSROOM Opinion: Shakespeare had insights into the MAGA court and courtiers of President Trump. WSJ | Buy Side: Compare the best personal loans to find one that meets your needs for amount, repayment, interest rate and budget. ABOUT US The 10-Point is your guide to The Wall Street Journal's reporting and analysis you can't get anywhere else. Your subscription makes our journalism possible. Today's newsletter was curated and edited by Morgan Smith and Natasha Dangoor in collaboration with Editor in Chief Emma Tucker. Got a tip for us? Here's how to submit. This article is a text version of a Wall Street Journal newsletter published earlier today.

Weekly Recap: Q3 revenue guidance and Stemme acquisition. Ondas Inc. (NASDAQ:ONDS) guided for third-quarter revenue of $140 million to $155 million, compared with second-quarter revenue of $83.8 million, and agreed to buy German airframe maker Stemme in an all-cash deal expected to close in the first quarter of 2027, pending approvals. Previous Week Recap Third-Quarter Revenue Guidance : - Ondas Inc. (ONDS) guided for third-quarter revenue of $140 million to $155 million, compared with revenue of $83.8 million in the second quarter. Stocktwits Agrees To Acquire Stemme : Ondas (ONDS) agreed to buy German airframe maker Stemme in an all-cash deal, aiming to boost ULTRA production and U.S. manufacturing. The deal is expected to close in Q1 2027, pending approvals. 3 sources Counter-UAS Contracts In Europe, Asia : Ondas (ONDS) secured multi-million-dollar Counter-UAS contracts with government customers in Europe and Asia for portable Ranger systems and autonomous Iron Drone Raider interceptors. 2 sources ULTRA Production Reaches 10 Monthly : Ondas Inc. (ONDS) plans to expand ULTRA ISR aircraft production, targeting 10 units monthly by 2028, with substantial U.S. manufacturing capacity. ACCESS Newswire

Weekly Recap: Q4 revenue growth and analyst price-target cuts. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) reported Q4 FY2026 revenue of $424.8 million, up 62.7% year over year, and adjusted EPS of $2.09. It forecasts Q1 FY2027 revenue of $450–$460 million and adjusted EPS of $2.21–$2.29. Previous Week Recap Q4 Results And Q1 Outlook : MACOM (MTSI) reported Q4 FY2026 revenue of $424.8 million, up 62.7% year over year, and adjusted EPS of $2.09. Q1 FY2027 revenue is forecast at $450–$460 million, with adjusted EPS of $2.21–$2.29. 3 sources Price Target Cuts, Ratings Unchanged : Five firms cut MACOM (MTSI) price targets: JPMorgan to $280, Truist to $310, Evercore to $227, Susquehanna to $220 and Needham to $300. All five kept their ratings unchanged. TradingView Telecom Growth, 5G Ramp, Satellite : MACOM expects telecom revenue growth of about 11% in fiscal 2027, with a slower first half and stronger second half as 5G programs ramp. A satellite contract may add business from early 2028. MarketBeat

Weekly Recap: Record Q1 results and FOX-XP evaluation selection. Aehr Test Systems (NASDAQ:AEHR) reported record fiscal first-quarter 2027 revenue of $33 million, up 200% year over year, and $46.7 million in bookings, raising its full-year revenue outlook to $150 million. The company said demand for FOX burn-in systems remains strong and an AI chip supplier selected a FOX-XP test cell for evaluation. Previous Week Recap Record Revenue, Higher Outlook : Aehr Test Systems (AEHR) posted record Q1 fiscal 2027 revenue of $33 million, up 200% year over year, and $46.7 million in bookings. It raised its fiscal-year revenue outlook to $150 million. 3 sources FOX-XP Evaluation in Taiwan : Aehr Test Systems said demand for FOX burn-in systems remains strong. An AI chip supplier selected a FOX-XP test cell for evaluation, with installation planned in Taiwan in early 2027. 3 sources AI Customer Expands Capacity : Aehr Test Systems said its lead AI processor customer is expanding capacity after an August $22 million follow-on order. More than a dozen customers may place production orders, up from a handful. Reuters Sonoma Shipments Expand Capacity : Aehr Test Systems began shipping Sonoma systems from a Southeast Asian contract manufacturer, adding capacity for over 20 units monthly, and is expanding customer support in Taiwan. MarketBeat Jefferies Cuts Price Target : Jefferies maintained its Buy rating on Aehr Test Systems (AEHR) and lowered its price target to $140 from $175. TradingView Vijay Rao Joins Board : Aehr Test Systems (AEHR) appointed Vijay Rao to its board. He brings 30 years of technology experience, including in hyperscale data centers, AI accelerators, memory and optical networking. MarketBeat

Weekly Recap: Q1 beat and $601 million indium phosphide supply LOI. Coherent Corp. (NYSE:COHR) beat Q1 estimates, with revenue up 49.9% to $2.37 billion and adjusted EPS of $2.09, and forecast Q2 revenue of $2.55–$2.75 billion and EPS of $2.28–$2.48. Previous Week Recap Q1 Beat, Strong Q2 Outlook : Coherent (COHR) beat Q1 estimates with revenue up 49.9% to $2.37 billion and adjusted EPS of $2.09. It forecast Q2 revenue of $2.55–$2.75 billion and EPS of $2.28–$2.48. 3 sources Indium Phosphide Supply Deal : Optics Technology Holding Co. said its unit signed a letter of intent with Coherent Corp. (COHR) to supply indium phosphide substrates. The agreement is expected to be worth at least $601 million. Reuters Mixed Analyst Target Changes : Coherent (COHR) got mixed target changes: Citi raised its Buy target to $440 from $420, while Rosenblatt cut its Buy target to $400 from $500 and Needham lowered its Buy target to $340 from $380. TradingView JPMorgan Cuts Target, Demand Strong : JPMorgan cut Coherent’s price target to $385 from $465, keeping an Overweight rating. Industry checks point to strong optical demand through late 2026 and into 2027. Stocktwits Pricing And Cost Improvements : - Coherent Corp. (COHR) attributed its margin expansion to pricing optimization and cost improvements. Reuters Northland Upgrades Coherent : Northland upgraded Coherent (COHR) to Outperform from Market Perform, keeping its $280 target. It cited the stock’s sharp drop and scarce photonics assets, highlighted by Marvell’s Lumentum deal. Stocktwits

Weekly Recap: Defense & Space sales rise and Needham cuts target to $50. nLIGHT, Inc. (NASDAQ:LASR) reported Defense & Space revenue rose 15.2% year over year to $52.5 million, while Advanced Manufacturing revenue edged up 0.5%. The company recorded $7.5 million in third-quarter restructuring charges related to shutting down nearly all of its China operations. Previous Week Recap Defense Revenue Rises 15.2% : nLIGHT (LASR) reported Defense & Space revenue rose 15.2% year over year to $52.5 million, supported by directed-energy laser sales and R&D contracts. Advanced Manufacturing revenue edged up 0.5%. TradingView Needham Maintains Buy Rating : - Needham maintained its Buy rating on nLIGHT, Inc. (LASR) and lowered its price target to $50 from $90. TradingView China Shutdown Drives Charges : - nLIGHT, Inc. (LASR) recorded $7.5 million in third-quarter restructuring charges related to shutting down nearly all of its China operations. TradingView

Weekly Recap: Firefly Aerospace rocket deal and network handoff. AST SpaceMobile, Inc. Class A (NASDAQ:ASTS) agreed to a deal exceeding $1.3 billion with Firefly Aerospace for engines and support for its first three Blacklift rockets, with the first launch planned for late 2028. The company also completed its first successful handoff between a cellular network and its BlueBird satellite network with AT&T. Previous Week Recap Firefly Engine Deal Exceeds $1.3B : AST SpaceMobile agreed to a deal exceeding $1.3 billion with Firefly Aerospace for engines and support for its first three Blacklift rockets. The first launch is planned for late 2028. 3 sources First Cellular-Satellite Network Handoff : AST SpaceMobile and AT&T completed the first successful handoff between a cellular network and AST’s BlueBird satellite network, advancing plans for beta testing and commercial service. 3 sources Third-Quarter Results And Estimates : AST SpaceMobile (ASTS) was scheduled to report third-quarter results Nov. 9. Analysts expected a $0.40-per-share loss and about $46 million in revenue, up from $31.52 million in the prior quarter. 2 sources Initial Service Targeted Before Year-End : AST SpaceMobile (ASTS) said it aims to launch initial, intermittent service before year-end in the U.S., Canada, Japan, the U.K. and Saudi Arabia. Stocktwits 30-Year Chilean Satellite Concession : AST SpaceMobile (ASTS) secured a 30-year Chilean concession to provide mobile satellite services via its satellite constellation, with service launch required by 2028. Stocktwits Space Force Sensing Technology Assessment : AST SpaceMobile (ASTS) will support STR in a new U.S. Space Force technology phase, assessing space-based sensing with its commercial technology. Contract value and revenue impact were not disclosed. 2 sources India Satellite-To-Phone Partnership : AST SpaceMobile and Vodafone Idea agreed to enable satellite-to-phone connectivity in India, as proposed rules would require satellite providers to partner with telecom operators for spectrum access. Mint BlueBird 51 Production Advances : AST SpaceMobile CEO Abel Avellan said satellite production has progressed through BlueBird 51 at its Midland, Texas, facility, ahead of Thursday’s planned Blacklift rocket unveiling. Stocktwits

Weekly Recap: Q4 earnings beat and weaker holiday outlook. Apple Inc. (NASDAQ:AAPL) posted Q4 revenue of $114.48 billion, up 12%, and EPS of $2.10, up 14%, beating estimates. It forecast December-quarter revenue growth of 7%–10%, citing surging memory-chip costs. Previous Week Recap Q4 Revenue Beats Estimates : Apple (AAPL) posted Q4 revenue of $114.48 billion, up 12%, and EPS of $2.10, up 14%, beating estimates. iPhone sales rose 17%; December-quarter revenue growth is forecast at 7%–10%. 3 sources Weaker Holiday Outlook, Chip Costs : Apple (AAPL) gave a weaker holiday-quarter outlook, citing surging memory-chip costs. Only two premium devices were due before Christmas, while supply limits hit the foldable iPhone Duo. AWP $7.5 Billion Bond Sale : Apple raised $7.5 billion in a seven-part bond sale, drawing $31 billion in orders. Proceeds may fund share buybacks, debt repayment and other corporate needs. 3 sources Memory Deals Boost Inventory : Apple (AAPL) signed longer-term memory supply deals and boosted inventory to guard against component shortages amid tighter competition, Bank of America analyst Wamsi Mohan said. Invezz Lower Capital Spending, Higher R&D : Apple spent about $9 billion on capital projects in the fiscal year, down nearly 30%. Annual R&D rose to $45.8 billion, with AI and revamped Siri driving higher costs. 2 sources New iPhones and Mac Touch : Apple Inc. (AAPL) introduced the iPhone Duo, iPhone 18 Pro, and iPhone 18 Pro Max, alongside a new generation of home devices. The company also brought Touch to Mac for the first time. TradingView Agent-Like Siri Targeted for 2027 : Apple (AAPL) is targeting 2027 for agent-like Siri features. Developers are testing app links, with early experiences due in coming months and App Store submissions planned for spring 2027. Stocktwits Apple Intelligence Testing Begins in China : AAPL rose 4.51% to $346.87 at 9:35 a.m. ET Nov. 4 as Apple began testing its first Apple Intelligence features in China. A broader iOS 27.3 release is planned for December. GuruFocus Services and AI Risks Weigh : Barclays said Apple’s Services growth fell below 10% and may slow further. Analysts also flagged AI search disruption, higher Siri costs and mobile-gaming headwinds as risks to earnings and growth. Stocktwits Morningstar Cuts 2027 Forecast : Morningstar cut Apple’s fiscal 2027 EPS forecast to $9.32 from $10.47 and revenue estimate to $520.5 billion from $550 billion, citing rising memory costs and a two-point margin decline. Stocktwits

Weekly Recap: Q2 revenue growth and Hailo, Vorago acquisitions completed. Microchip Technology Incorporated (NASDAQ:MCHP) reported fiscal Q2 revenue of $1.62 billion, up 42.2% year over year, and adjusted EPS of $0.97 that beat estimates. It forecast Q3 revenue of $1.57 billion to $1.64 billion. Previous Week Recap Revenue Growth And EPS Beat : Microchip Technology (MCHP) posted fiscal Q2 revenue of $1.62 billion, up 42.2% year over year. Adjusted EPS of $0.97 beat estimates; Q3 revenue is forecast at $1.57 billion–$1.64 billion. 3 sources Completed Hailo And Vorago Acquisitions : - Microchip Technology Incorporated (MCHP) completed its acquisition of edge-AI processor supplier Hailo on September 17 and radiation-hardened semiconductor supplier Vorago Technologies on October 8. TradingView Victor Peng Steps Down : Microchip Technology Incorporated (MCHP) director Victor Peng informed the board on November 3, 2026, that he would step down, citing time commitments that include his role as CEO of PsiQuantum. GlobeNewswire

Weekly Recap: Record Q3 results and analyst coverage and target revisions. Astera Labs, Inc. (NASDAQ:ALAB) posted record Q3 2026 revenue of $584.9 million, up 154% year over year, and non-GAAP EPS of $1.32, beating estimates. It forecast Q4 revenue of $730 million to $750 million. Previous Week Recap Record Revenue, Strong Q4 Outlook : Astera Labs (ALAB) posted record Q3 2026 revenue of $584.9 million, up 154% year over year, and non-GAAP EPS of $1.32, beating estimates. Q4 revenue is forecast at $730 million-$750 million. 3 sources Mixed Analyst Target Revisions : BMO initiated coverage of Astera Labs (ALAB) at Outperform with a $375 target. Morgan Stanley raised its target to $389; RBC, Evercore, UBS and Susquehanna cut theirs. 2 sources Scorpio Shipments Expand : Astera Labs said Scorpio X-Series shipped to two customers across multiple platforms in Q3, with more pre-production shipments expected in Q4. Scorpio P-Series expanded to two U.S. hyperscalers. MarketBeat Leo Memory Line Expands : Astera Labs expanded its Leo memory-controller line with X-Series for fabric-attached GPU memory and 2 E- and P-Series for CPU memory expansion. New products support PCIe 6 and CXL 3.2. 2 sources Orion Rack-Scale Designs Unveiled : Astera Labs unveiled Orion, a rack-scale architecture with six system designs, including a 320-lane PCIe switch fabric. OEM and ODM partners are expected to offer the designs starting in Q1 2027. 2 sources Custom Projects Target 2027 Shipments : Astera Labs (ALAB) reported more than 10 active custom-solution projects across fabric, memory controllers and I/O chiplets. Initial shipments are expected in late 2027, with volume growth in 2028. MarketBeat Michael Hurlston Resigns From Board : Astera Labs, Inc. (ALAB) director Michael Hurlston resigned from the company’s board and its committees, effective November 3, 2026. TradingView

Weekly Recap: Oracle's $20 billion financing and record CDS spread. Oracle Corporation (NYSE:ORCL) shares rose about 11% on Wednesday after CFO Hilary Maxson said free cash flow is expected to turn positive in the second half of fiscal 2028. Oracle may raise up to $20 billion in additional capital through fiscal 2030, separate from the $20 billion equity raise completed in fiscal Q1 2027. Previous Week Recap Oracle Completes $20 Billion Financing : Oracle completed a $20 billion financing package, selling shares at $116 and issuing $10 billion in notes. ORCL fell 9.3% to $112.22 on Nov. 5. 3 sources Oracle Credit Risk Hits Record : Oracle Corporation (ORCL)’s five-year credit default swap spread reached a record 325.45 basis points last month, raising the cost of insuring its debt against default. Reuters Oracle Cancels Tencent AI Chip Deal : Oracle reportedly canceled a five-year, $7 billion deal to provide Tencent access to 100,000 AI chips through Southeast Asian data centers. Shares fell about 2% to 2.5% after reports surfaced. 3 sources Canceled Deal Cuts Revenue Commitments : Oracle’s expected revenue commitments fell after a proposed deal was canceled. The company has not disclosed the financial impact, any advance payments, or plans for the capacity tied to the deal. GuruFocus Project Jupiter Faces Permit Challenges : Oracle Corporation (ORCL) declared force majeure for aspects of its Project Jupiter data-center development in New Mexico amid challenges that include obtaining permits for electricity supply. Invezz Microsoft Does Not Renew Oracle Deal : - Oracle Corporation (ORCL) did not have its deal with Microsoft renewed as Microsoft reviews its neocloud partnerships, according to people familiar with the matter. Binance News Oracle Data-Center Returns Remain Uncertain : - Oracle Corporation (ORCL) continues to face substantial data-center investment needs, while returns from those projects remain uncertain. GuruFocus Oracle May Raise $20 Billion More : Oracle may raise up to $20 billion in additional capital through fiscal 2030, separate from the $20 billion equity raise completed in fiscal Q1 2027. GuruFocus Oracle Proposes $10 Billion Stock Sale : Oracle proposed a $10 billion stock sale that may add about 76.5 million shares, increasing shares outstanding by roughly 2.5%. The final share count depends on the offering price. Stocktwits Oracle Forecasts Positive Free Cash Flow : • Oracle Corporation (ORCL) shares rose about 11% on Wednesday after CFO Hilary Maxson said the company expects free cash flow to turn positive in the second half of fiscal 2028. Reuters

Weekly Recap: Goldman Sachs cuts target to $7 and Boos named chief. Goldman Sachs maintained its Neutral rating on Fluence Energy, Inc. Class A (NASDAQ:FLNC) and lowered its price target to $7 from $9. Fluence formed a board committee to oversee manufacturing, operations and customer delivery, and Marco Boos becomes chief customer success officer Nov. 15. Previous Week Recap Goldman Maintains Neutral, Cuts Target : Goldman Sachs maintained its Neutral rating on Fluence Energy, Inc. Class A (FLNC) and lowered its price target to $7 from $9. TradingView COO Continues Transformation Leadership : Fluence Energy COO Bernerd Da Santos will continue leading its operational transformation. Marco Boos becomes chief customer success officer Nov. 15, succeeding John Zahurancik, who stepped down. 2 sources Board Committee Oversees Operations : Fluence Energy (FLNC) formed a board committee to oversee manufacturing, operations and customer delivery. Stephan May will chair, joined by Stephen Coughlin and Elizabeth Fessenden. 2 sources Fiscal 2026 Results Call Scheduled : Fluence Energy (FLNC) will report fiscal 2026 results after market close on November 23, 2026, and host its year-end earnings call November 24. Fiscal 2027 guidance will come later. GlobeNewswire

Weekly Recap: All-stock Marvell buyout and Q1 revenue growth, Q2 outlook. Lumentum Holdings, Inc. (NASDAQ:LITE) agreed to an all-stock buyout by Marvell, offering 4.5 Marvell shares per Lumentum share at a 23.9% premium to Oct. 28’s close, with closing expected in the first half of 2028. Fiscal first-quarter revenue rose 136.5% to $1.263 billion, and the company forecast second-quarter revenue of $1.575 billion to $1.625 billion. Previous Week Recap Marvell Buyout Offers 23.9% Premium : Lumentum agreed to an all-stock Marvell buyout, offering 4.5 Marvell shares per LITE share—a 23.9% premium at Oct. 28’s close. Shares fell as much as 19%; closing is expected in H1 2028. 3 sources Q1 Growth, Strong Q2 Guidance : Lumentum (LITE) fiscal Q1 revenue rose 136.5% to $1.263 billion, with non-GAAP EPS of $4.57. It forecast Q2 revenue of $1.575–$1.625 billion and EPS of $5.90–$6.20. 3 sources Nvidia Deal, $2 Billion Investment : Lumentum (LITE) secured a multiyear purchase commitment from Nvidia for advanced laser components. Nvidia also invested $2 billion to support R&D and expand Lumentum’s U.S. manufacturing capacity. Invezz 2028 Backlog, AI Optics Opportunity : An analyst said Lumentum (LITE) is sold out through 2028, citing constrained indium phosphide laser supply for AI optics and a near- and co-packaged optics opportunity exceeding $5 billion. Benzinga Integration Risks, Demand Uncertainty : Analysts flagged earnings dilution, integration and execution risks in Lumentum’s transaction, along with uncertainty over optical transceiver demand and margins. Invezz Positive Ratings, Lower Price Targets : Analysts kept positive ratings on Lumentum (LITE) but cut price targets: Susquehanna to $950 from $1,100, Rosenblatt to $900 from $1,300 and Needham to $800 from $1,040. TradingView