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- No Single Customer Accounts for 10% of Micron's Sales Anymore, and That Lowers One Risk in the Stock
Micron's annual report, filed on Oct. 9, shows no single customer accounted for 10% or more of revenue in fiscal 2026 (the 53 weeks ending Sept. 3, 2026), down from one customer at 17% a year earlier. Revenue rose 256% year over year to about $133 billion, but the stock is down about 14% from its Oct. 7 close, at roughly $936 at the time of writing. The article notes the top 10 customers still provided over half of revenue, and data centers rose to around 60% of sales from about half in fiscal 2025. Much of the growth came from pricing, with average DRAM selling prices up about 180% in fiscal 2026, and net income rising nearly tenfold to about $85 billion. The author sees the customer shift as a modest improvement but argues that data center spending and memory prices remain the stock's biggest risks, with multi-year deals covering over 35% of revenue through 2030.
- Bitget to discontinue services for some users in one-off exercise
Crypto exchange Bitget said it will discontinue services for some users in a one-off exercise, while stating that user funds remain safe and its platform continues operating. Affected users will receive direct notifications by email, in-app messages or push alerts about next steps, deadlines and withdrawal arrangements, and customer support can help with pending orders and withdrawals. Users who have not received official notices can keep using their accounts as normal, and the exchange warned people to rely only on official channels and beware of phishing. The article recalls that Cointelegraph reported on September 25 that Bitget had confirmed unauthorized transfers and suspended withdrawals during a security breach, which a security firm later said totaled about $388 million.
- DWP told to consider giving one - off payments to PIP claimants
The Resolution Foundation has urged the DWP to consider one-off PIP payments instead of monthly instalments for some claimants, such as those with equipment or home adaptation costs. Its report says around one in six working-age disability benefit recipients face no extra costs from their conditions, and estimates £4.4 billion could be saved by stopping or lowering payments for them. Its survey of 2,611 recipients in England and Wales found 16% reported no costs, with younger claimants hit hardest, as 21% of the 16 to 24-year-old caseload reported little limitation and no extra costs. PIP spending rose to £27.3 billion in 2024-25 and is forecast to reach £41.5 billion by 2030-31. Mencap disputed the findings, while the DWP said the Timms Review showed PIP is no longer fit for purpose, with a government review due this autumn.
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- JPMorgan Backs Two Defense Startups With $5 Billion
JPMorgan has already committed half of its $10 billion investment pool to hypersonic-missile maker Castelion and defense manufacturer Hadrian. The bet reflects America's push to rebuild its defense industrial base.
- X-Energy, Amazon, AEP Partner To Evaluate Feasibility Of 960 MW Nuclear Project In Indiana – A Look At The Key Highlights
X-energy and American Electric Power (AEP) announced a joint development agreement to evaluate the feasibility of a proposed 960-megawatt small modular reactor project in Indiana, with Amazon supporting development through a milestone-based funding agreement. The plant would feature 12 Xe-100 units near the former Breed Generating Station in Sullivan County, redeveloping an AEP-owned brownfield site. It is the second commercial project under the X-energy and Amazon collaboration, which aims to bring more than 5 gigawatts of new nuclear capacity to the U.S. grid by 2039. At the time of writing, XE was up 2%, AMZN gained 3.75%, and AEP fell 1.13%.
- Waymo Will Be “a Trillion Dollar Business. Easy” per VC Investor
Bessemer Venture Partners' Sameer Dholakia says Waymo could become a trillion-dollar business by expanding from ride-hailing into personal car ownership, trucking and logistics. The article notes Bessemer invested in Waymo's $16 billion February round, which valued the company at $126 billion. Waymo reached 500,000 paid rides a week in March, but Sacra estimates its annualized revenue at only $355 million in February, under 0.1% of Alphabet's $403 billion in 2025 revenue. Alphabet trades at 25.0x forward earnings, within its usual range, while Uber trades at 18.2x, a level analyst Walter Piecyk links to the threat from Waymo and Tesla's Robotaxi.
- Jensen Huang Declares NVIDIA Can Win “in the Absence of Any AI Labs”
NVIDIA CEO Jensen Huang said on the BG2 podcast that about a third of the business, classical computing unrelated to AI labs, is growing 30% to 40% a year, while frontier labs account for roughly 25% to 30% of compute. In the three months to July 26, 2026, revenue rose 106% to $96.2 billion, with AI clouds, industrial and enterprise revenue up 138%. Steve Eisman cited a 10-Q line showing 70% of NVIDIA's accounts receivable comes from five customers, though the article notes receivables are not the same as revenue share. NVIDIA trades at 17.7x forward earnings, near its three-year low of 17.5x and well below its 30.3x average.
- AWS Margin Expansion and Retail Execution Power Amazon (AMZN) in Q3
Wedgewood Partners reported that its Wedgewood Composite returned 2.5% net in the third quarter of 2026, compared with 2.3% for the S&P 500 and 0.9% for the Russell 1000 Growth. In its investor letter, the firm named Amazon a leading contributor, citing AWS revenue growth accelerating to 37% from 17% a year earlier and a 63% rise in the segment's operating income. AWS backlog of around $500 billion is more than double last year's level and up 37% from 90 days earlier, and Wedgewood said this demand supports a plan to double AWS capacity from circa 2025 levels by 2027. Advertising grew 26% and generated over $75 billion in revenue over the past 12 months. As of October 16, 2026, Amazon closed at $250.00, with a market capitalization of $2.7 trillion and a 21.22% gain over the past year.
- Bitcoin is rejected at $83K as US bond yields reverse higher with equities
Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.
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