Yahoo Finance's Brian Sozzi covers a day of heavy selling in tech stocks, with Apple closing in on Nvidia's market capitalization and investors awaiting Anthropic's IPO, whose S-1 filing is compared with SpaceX's IPO. The host says the market is reading several stories negatively: Tesla's $5 billion capex cut is seen as a sign of weaker AI demand, Meta's new common stock sale is viewed as a small part of the funding its AI buildout needs, and oil has risen above $114 a barrel, raising data center costs and the possibility of a Federal Reserve rate hike by year-end. Nvidia, Sandisk and Micron shares have also fallen sharply in recent sessions. He also cites a Bloomberg report that SpaceX is eyeing a deal for 80,000 cell towers, which he sees as a major move that could weigh on telecom stocks such as Verizon, AT&T and T-Mobile.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/22/2026 | 348.22 |
| Change that session | +1.23% |
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/22/2026 | 212.21 |
| Change that session | -4.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Tech stocks rise after Anthropic IPO filing: AlphaCheck
The tech sector (XLK) gained on Monday after AI developer Anthropic filed to go public. Chip makers Nvidia (NVDA), AMD (AMD) and Broadcom (AVGO) jumped, while Meta (META) declined after the company revealed plans to raise up to 95 billion USD to fund its AI infrastructure build-out. In the first few minutes of trading, Brent crude futures (BZ=F) fell to 110 USD per barrel and WTI (CL=F) dropped to 101 USD ahead of a key Federal Reserve policy meeting this week, with most market participants expecting rates to be held steady. Other stocks drawing reader attention on Yahoo Finance this morning included Nu Holdings (NU), Mercado Libre (MELI) and Nebius (PG).
- Anthropic IPO Coming, So Are "Mag 7" Q3 Reports
Anthropic, the parent of Claude AI, has filed for an IPO to trade on Nasdaq under the ticker ANT, with Goldman Sachs and Morgan Stanley as underwriters; the first S-1 has no valuation or offering size yet, but estimates put market cap around $1.5 trillion, perhaps as high as $2 trillion. This week, the Personal Consumption Expenditures (PCE) report due Thursday is expected to show September inflation at +3.7% on headline and +3.1% on core, above the prior +3.4% and +3.0%. The Fed's two-day FOMC meeting concludes Wednesday, with no move expected and the rate range holding at 3.75–4.00% after September's 25 basis-point hike. Microsoft and Alphabet report Wednesday after the close and Amazon on Thursday afternoon; Verizon beat bottom-line estimates with EPS of $1.31 on slightly weaker-than-expected revenue of $34.31 billion, while Alliance Resource Partners posted EPS of $1.10 against $0.82 expected.
- Warsh avoids rate guidance; Tesla’s Roadster turns in air - what’s moving markets
Federal Reserve Chair Kevin Warsh declined to give specific interest-rate guidance ahead of the October policy meeting, but said he had discussed mounting inflation pressures with other central bankers. U.S. stock futures edged higher after the main averages rose on Thursday, recovering from an AI-driven selloff earlier in the week, while CoreWeave shares stabilized after a sharp slide. Reuters reported that some investors are weighing a lower valuation for Anthropic's potential IPO, about $1.5 trillion versus around $2 trillion previously, after the company said third-quarter revenue rose 45% to $16.8 billion, though growth slowed sequentially. Bloomberg reported Taiwan is considering much stricter export controls on AI chip sales to China. Tesla also unveiled a redesigned Roadster that used SpaceX rocket technology to jump off a ramp and perform a controlled landing.
- Stock market today: Dow, S&P 500, Nasdaq futures fall as oil climbs, investors weigh Tesla, Meta earnings
US stock futures fell Thursday, led by the tech sector (XLK), as oil rose to a five-month high and investors weighed earnings from Tesla (TSLA) and Meta (META). Dow Jones futures dropped 0.7%, S&P 500 futures fell 1%, and Nasdaq-100 futures declined 1.7% as semiconductor stocks slid, reversing Wednesday's gains. Meta announced a 2-for-1 stock split, giving Class A shareholders one non-voting Class C share, and its stock fell in pre-market trading. Tesla shares dropped despite an earnings beat, as investors weighed lower 2026 capex against higher spending in 2027 and 2028 on Optimus, Cybercab and Terafab. According to people familiar with the plans, Anthropic (ANTH.PVT) could file its S-1 as soon as Friday, paving the way for what could be the largest IPO in history, while Brent crude jumped after a deadly attack at a Saudi Arabian oil field and WTI traded above $98 a barrel.
- Wall Street futures subdued as tech wobbles again ; Tesla gains
US stock index futures were muted on Friday (Oct 16) as tech shares came under fresh pressure over cracks in the AI trade. Tesla rose 3% premarket after unveiling a redesigned Roadster developed with SpaceX, which gained 1.2%. CoreWeave slipped 5.2% after Thursday's rebound on debt concerns, while Micron fell 2.6%. Reuters reported some investors in Anthropic's upcoming IPO are weighing a lower valuation, while Brent crude fell nearly 1% but stayed above $100 a barrel.
- AI's next canary in the coal mine: Is it OpenAI, memory, or something else?
Panelists on the Market Hang segment of Wall Street Skinny discuss the next “canary in the coal mine” for AI sentiment. Kristen Kelly is watching Anthropic's S1 filing and whether Anthropic and OpenAI can turn revenue growth into profits and cash flow. Amy Wu Silverman of RBC Capital Markets flags a highly dispersed market with low correlation and suppressed VIX, warning that any rise in correlation could unwind trades that sell volatility. Kevin Mahn of Hennion & Walsh sees two risks: Hormuz staying closed well past the midterm elections, keeping oil above $100 and possibly $110 a barrel, which could push the Federal Reserve to raise rates; and memory chips, where Micron's backlog could signal demand for Nvidia.
Related markets
Latest news
- Microsoft offers voluntary buyout to 60,000 employees
Microsoft (MSFT) announced on Monday that it is offering voluntary buyouts to roughly 60,000 employees as it reshapes its organization for the AI era. According to reports, the offers cover staff in Canada, India, the United Kingdom and the United States at level 70 and below, including some senior personnel. It follows the company's first voluntary retirement program, announced in May, which offered packages of eight to 39 weeks of base pay depending on position and tenure. The move comes as Microsoft plans to spend $190 billion on capital expenditures in 2026, largely for AI. Its quarterly earnings, with an update on capex and Azure cloud growth, are due Wednesday.
- As Anthropic’s IPO Looms, The Company Faces A Significant Risk From A Surprising Place, Midterm State And Local Elections
Anthropic has publicly filed its Form S-1 for an IPO just days before the midterm elections, and Oxford Economics' chief U.S. economist Michael Pearce says the biggest risk to its AI data center expansion lies with state and local officials. He cites moratoriums, environmental reviews and grid-connection bottlenecks as more immediate threats than Washington. A May Gallup poll found 71% of Americans oppose data center construction near them, and the National League of Cities tracker counts at least 76 localities that have tried halts or bans. Per WSJ via investingLive, Anthropic's compute commitments exceed $600 billion, though TradingKey cites $750 billion, and the S-1 warns that delays in securing energy, water and other critical services could slow new compute.
- Microsoft offers voluntary buyouts to 60,000 employees
Microsoft said Monday it is offering voluntary exit buyouts to certain employees in the U.S., Canada, India and the United Kingdom at experience level 70 or below, with around 60,000 people eligible according to a source. The company is ramping up data center spending to meet strong AI demand while supplying cloud services to Anthropic, OpenAI and others, which has put a strain on its finances. Its first-ever voluntary retirement program, announced in April, was open to around 7% of U.S. employees. Some marketing, sales and engineering teams have chosen not to participate, and employees must decide in December, with those who take the offer leaving on Dec. 31.
- Why PagSeguro Stock Crashed Today
PagSeguro (PAGS) shares fell 26.4% as of 11:20 a.m. ET, after surging earlier this month when conservative candidate Flávio Bolsonaro led incumbent Luiz Inácio Lula da Silva 47.3% to 44.8% in Brazil's first round. Lula won the second round with 51.8% of votes to Bolsonaro's 48.2%, prompting investors to pull back from Brazil-related stocks broadly. Bolsonaro is refusing to concede and challenging the results, alleging the administration suppressed voting in key districts, though it is unclear whether the claims have merit. Several South American heads of state have already congratulated Lula, who will likely remain in office through 2030. The article notes PagSeguro trades at 7.7 times trailing earnings, with analysts expecting more than 10% annual earnings growth over the next five years, which it says makes the stock look cheap regardless of the election outcome.
- Kalshi strikes deal with S&P Dow Jones Indices to expand financial event contracts
S&P Dow Jones Indices has partnered with prediction market platform Kalshi, allowing the exchange to offer event contracts settled on official values of S&P DJI's benchmarks, and making Kalshi a preferred platform for such contracts. The two will also explore building indexes from Kalshi's prediction market data, which could track expectations on economic, political and sporting events, though no timeline was disclosed. The deal follows moves by traditional market operators into prediction markets, including Intercontinental Exchange's commitment of up to $2 billion to Polymarket in October 2025 and Nasdaq's August partnership with Kalshi on market surveillance technology. Separately, S&P Global said it completed its acquisition of blockchain security firm OpenZeppelin, with financial terms undisclosed.
- Bloom Energy Jumps 7% as Post-Earnings Selloff Reverses; FuelCell Rises 6%, Plug Power Edges Higher
Bloom Energy (BE) rose 7% to $207.61 in morning trading, recovering part of last week's post-earnings slide, while FuelCell Energy (FCEL) gained 6% to $11.83 and Plug Power (PLUG) edged up 2% to $1.41. Bloom's third-quarter 2026 results showed revenue more than doubling on demand from hyperscaler and AI data center customers, and the company raised its full-year revenue outlook for the third time this year. However, free cash flow turned negative, ending a run of four positive quarters, and CFO Simon Edwards said the cash use is “not the beginning of a trend,” tying it to inventory, contract assets and receivables built for future deliveries. The next test is whether fourth-quarter 2026 deliveries convert into cash, and Bloom stock is still trading below its pre-earnings level. Meanwhile, the Global X Hydrogen ETF (HYDR) rose 1% and the SPDR S&P 500 ETF Trust (SPY) rose 0.9% to $767.13.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.