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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.01 |
| Change that session | +0.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- NVIDIA and Micron Alone Now Contribute 36% of S&P 500 Earnings Growth as Historic Market Concentration Grows
According to The Kobeissi Letter, NVIDIA and Micron are expected to account for 36% of S&P 500 earnings growth in the third-quarter reporting season, contributing 5.2 and 4.6 percentage points to expected 27% year-over-year growth. NVIDIA is expected to report revenue of $108.98 billion, up 91.2% from a year earlier, while Micron's November-quarter revenue is seen at $61.67 billion. NVIDIA's supply commitments reached $279.0 billion in fiscal Q2 2027, up sharply from $119 billion in Q1, largely for memory used in Vera Rubin production that Micron supplies. The article argues these commitments signal months ahead whether AI spending is still accelerating, while rising memory prices could compress margins. The fifteen largest S&P 500 stocks now hold a record 46.7% of the index's market value, versus 27.2% during the 2000 dot-com bubble.
- Micron and Nvidia Are the 2 Biggest Drivers of S&P 500 Earnings Growth. Are Their Stocks Buys?
FactSet lists Micron (MU) and Nvidia (NVDA) as the two biggest contributors to S&P 500 earnings growth in Q3 2026: the index's blended growth is 29%, but would be 20% without the two. Micron reported adjusted EPS of $33.42 for fiscal Q4 2026, with revenue up 379% to $54.2 billion, though its operating margin was roughly flat from the prior quarter, so future growth depends mainly on revenue. Nvidia hasn't reported fiscal Q3 yet, but its outlook points to about $108 billion in revenue, and its non-GAAP net income rose 118% to $54.0 billion in fiscal Q2 2027. Both stocks have fallen: Nvidia near $217, down 9% from its record close, and Micron near $905, about 25% below its record. Micron trades at about 12 times earnings and Nvidia about 14 times; the author argues this makes both worth buying, while noting risks from memory price cycles and slowing AI spending.
- S & P 500 , Nasdaq rise as AI stocks rebound and oil prices ease ahead of major US company earnings this week
The S&P 500 and Nasdaq Composite rose on Monday as AI-related stocks rebounded from the prior week's sharp fall, when both indexes posted their biggest weekly declines since late June. Investors had worried that higher interest rates could make funding AI infrastructure and data centers more expensive, and lower oil prices, with Brent near $108 a barrel after a 1.3% drop, added support. Chip stocks recovered, with Broadcom up 2.2%, Micron up 4.3% and the Philadelphia Semiconductor Index on track to end an eight-day losing streak. Goldman Sachs upgraded CoreWeave to “buy”, though the stock had fallen more than 25% the prior week amid concerns about its $50 billion debt load. Investors are now focused on earnings from Meta and Tesla on Wednesday and SpaceX on Tuesday.
- Wall Street muscles higher despite more swings for AI stocks - Boston News , Weather , Sports
U.S. stocks rose Thursday as companies reported bigger-than-expected profits, pulling closer to their records even as AI stocks kept swinging sharply. The S&P 500 gained 0.3%, the Dow Jones Industrial Average jumped 556 points (1.1%) and the Nasdaq composite added 0.1%; Marsh & McLennan rose 4.6%, Kimberly-Clark climbed 4.7% and Bank of New York Mellon gained 3.2% after reporting stronger-than-expected profits. Earlier, a sell-off in AI stocks had sent South Korea's Kospi down 7.6% and Japan's Nikkei 225 down 4.9%. Nvidia fell 1.8% and was the heaviest weight on the S&P 500, while Taiwan Semiconductor Manufacturing Co. finished down 1.8%; CoreWeave, by contrast, closed 5.9% higher after falling 15.5% a day earlier. The 10-year Treasury yield sank to 5.09% from 5.19% as investors sought safer government bonds, even though a report showed inflation had worsened more than economists expected.
- Micron, Intel lead chip recovery, adding nearly $250B as most of Wall Street falls: Chart of the Day
A basket of 60 chip-related stocks tracked by Yahoo Finance recovered nearly $250 billion in market value on Monday, with gains spread across memory makers, chip designers and equipment suppliers while most S&P 500 stocks fell. Micron (MU) and Intel (INTC) are each up over 2%, Sandisk (SNDK) is up nearly 5%, and about 70% of S&P 500 stocks are declining. The rebound follows a weak prior week, when Micron and Sandisk lost roughly 15% and 18% as memory stocks entered another bear market. JPMorgan upgraded Intel to Neutral from Underweight, citing AI demand and chip scarcity, while CoreWeave (CRWV) gave back most of its premarket gains despite a Goldman Sachs upgrade to Buy. The article also notes that 61 of the S&P 500's 100 strongest performers from March 30 through June 2 are rising Monday, and that the PHLX Semiconductor Index needs to hold the 11,000-11,100 area to avoid a larger washout.
- Chamath: Even Google “Tin Cups for Memory” Thanks to Nvidia. Here’s What Happens Next
Microsoft unveiled its third-generation Maia 300 AI chip on Oct. 12, while Chamath Palihapitiya said on the All-In podcast that even Google is short on memory because Nvidia has locked up most packaging and HBM capacity. Memory makers say their capacity is largely sold out for 2027 and probably much of 2028, and Micron has agreements covering most of its calendar 2027 HBM supply at significantly higher prices. Micron’s capex nearly doubled to $30.7 billion in the year ended Sept. 3, 2026, but most of the increase goes to clean-room space arriving in late 2028 and beyond. The article argues Nvidia, whose gross margin was 71.1% in the year ended January 2026, keeps supply control through roughly 2028, though that window could close sooner if rivals add capacity faster than planned.
Related markets
Latest news
- Why Super Micro Computer Stock Popped Today
Super Micro Computer (SMCI) shares rose 9.19% on Wednesday after the server maker announced preliminary results. It expects fiscal 2027 first-quarter revenue of $18.5 billion to $19.5 billion, well above its prior guidance of $14.5 billion to $15.5 billion and Wall Street's roughly $15 billion estimate, driven by rising AI demand. Gross margin is projected at 12% to 12.5%, up from 10.4% to 10.8%, due to a more favorable customer and product mix, and fellow server makers Dell and Hewlett Packard Enterprise also rose. The earnings call is scheduled for Nov. 3 at 5:00 p.m. ET.
- BlackRock's Rick Rieder sees 'historic' opportunity in high-quality bonds
BlackRock's Rick Rieder told CNBC that investors have a 'historic' chance to earn attractive yields in high-quality credit despite bond market volatility. He said a diversified portfolio could now yield over 7% with under three years of duration and an average credit quality of A-, a level that usually appears only during economic or default problems, which he does not see now. Rieder favors investment-grade corporates, including hyperscalers like Alphabet, Amazon, Meta and Oracle, which have low leverage and strong cash flows, though they have issued about $228.4 billion in bonds this year. He advises patience since rates could still rise, and caution outside investment grade, especially AI data center debt not backed by hyperscalers. He expects the Fed to hike in December, though he disagrees, and flags rising government debt, with the US fiscal 2026 deficit at $2 trillion.
- Almadex Expands Claim Block at New Hope, Provides Exploration Update
Almadex Minerals expanded its claim block at the New Hope copper-gold porphyry project in Arizona, covering a broad area of high chargeability east of its two-hole drilling campaign. Mapping and geophysics suggest the drilled holes sit on the western edge of a 2.5 km x 0.75 km zone of phyllic and remnant lithocap alteration, and IP work extended the anomaly 1.95 km east. The second hole returned 6.00 metres at 0.15% copper and 156 ppm molybdenum, including 2.00 metres at 0.34% copper. The company is designing a potential phase II drilling program. At the King target in Colorado, one hole reached 980 metres, and samples are awaiting assay.
- Mustang Completes IP Geophysical Surveys and Announces Q4 Drilling Plans for the Confusion Hills Project, Nevada, USA
Mustang Minerals has completed IP geophysical surveys at its Confusion Hills and Pilot projects in Nevada, helping better define drill targets. Pilot still needs further work before drilling, while the company has enough information to plan a single-hole exploratory diamond drilling program at Confusion Hills, where preparatory work has begun. Confusion Hills covers a 1.6 km x 0.5 km high sulphidation lithocap, where grab samples reached up to 7.1 g/t gold, and 6 samples returned over 0.1 g/t gold, averaging 1.6 g/t. Mustang will update when drilling begins. The Pilot copper-gold prospect has an approved drill permit, and the company also holds the Red Ring project.
- Warren Buffett's Latest Warning Is Sending Shockwaves Through Wall Street. Here's What History Says Could Happen Next.
Warren Buffett's Berkshire Hathaway portfolio has returned an average compound annual 19.7% over six decades, versus 10.5% for the S&P 500, and he has recently warned about a 'gambling mood' in the stock market and high equity prices. The S&P 500's CAPE ratio stands at 40.7, far above its average of 17.4 and exceeded only during the dot-com bubble, when it peaked at 44 in late 1999. In his final meeting as Berkshire CEO in May 2025, Buffett warned that the US fiscal deficit was unsustainable; the article argues the situation has since worsened, with Brent crude up 80% since the start of the year and September inflation at 3.7%, well above the Fed's 2% target. Higher inflation erodes the value of cash and keeps interest rates high, which could be particularly harmful for the AI industry. The article recalls Buffett's 2021 advice to 'never bet against America' and suggests that time in the market usually beats trying to time it.
- AST SpaceMobile Hit a 52-Week Low Days After SpaceX Spent $8 Billion on Spectrum. That's Not a Coincidence.
AST SpaceMobile hit a 52-week low of $39.02 on Oct. 20, 12 days after SpaceX agreed to buy Grain Management's nationwide 800 MHz low-band spectrum for $8 billion. The article says the deal could let Starlink, combined with over 10,000 active satellites, become a standalone wireless carrier, threatening AT&T and Verizon's plans with AST. However, the author argues the sell-off is an overreaction, since carriers may need to invest more in AST's satellites to compete, and SpaceX's move may push more carriers toward AST. AST has launched 13 BlueBird satellites and needs at least 45 for stable service, and the decline is attributed mainly to a valuation of 74 times this year's sales. Analysts expect revenue to rise from $168 million in 2026 to $1.73 billion in 2028.
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