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Shares of AI infrastructure companies rebounded after a steep selloff driven by financing concerns, with TeraWulf up 6% to $12.42, Applied Digital up 8% to $19.54 and IREN up 5% to 28.41. The CoinShares Bitcoin Mining and Digital Power ETF (WGMI), which held these stocks, rose 6% while the SPDR S&P 500 ETF Trust gained 0.46%. TeraWulf, shifting from Bitcoin mining to AI leasing, generated over 70% of its Q2 2026 revenue from high-performance computing leases, and its largest contract is a 20-year lease with Anthropic for 401 megawatts worth $19 billion. The company doubled the power commitment for its Muskie campus in Kentucky under an expanded agreement with Kentucky Power, but its tenant search there is unresolved. The article cautions that the rebound may fade, since TeraWulf's Justified and Muskie campuses are not due to deliver capacity until the second half of 2027 or later.
- Premarket movers: Tesla jumps; Strategy falls on MSCI index threat
U.S. stock futures edged higher on Friday as concerns about the AI boom eased, though the S&P 500 and Nasdaq Composite were on track for weekly declines. Tesla shares rose nearly 5% premarket after the company unveiled its new Roadster, and Elon Musk said production would begin in 2028. Strategy fell 3% after MSCI announced new rules that could exclude the company from its indexes, with changes taking effect at the November review. CoreWeave dropped 3.8% to $67.10 as investors scrutinized its debt of about $50 billion, while Cohen & Steers jumped 5.8% after $1.6 billion in net inflows in the quarter. Site Centers surged 18.3% after announcing a $3.00-per-share special dividend and the sale of its Dividend Trust Portfolio stake, with net proceeds of about $32.4 million.
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- Bitcoin Spooked? Crypto Fear and Greed Index Drops to Pre-Rally August Lows
The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier, down from an Aug. 26 peak of 82, its highest of the year. Bitcoin dropped about 6%, from $86,978 to a low of $81,749.83 on Oct. 8, as Brent crude topped $101 and the 30-year Treasury yield hit 5.70%, its highest since 2002. Spot Bitcoin ETFs lost $484.9 million on a Wednesday last week and are down a net $386.3 million for October, while Ethereum funds extended outflows to nine straight days. Myriad traders put 56% odds on Bitcoin falling to $80,000 in October. The article attributes the pressure mainly to macro factors such as oil, yields and rate-hike expectations rather than a crypto-specific problem.
- Sensex jumps 1,534 points, Nifty surges to nearly three-week high led by banks
The BSE Sensex rose 1,533.72 points (2.11%) to 74,315.61, a three-week high, while the NSE Nifty climbed 1.66% to 22,997.35, its highest since September 25. Banks, IT and Reliance Industries led the gains, with Tech Mahindra up 4.61%, ICICI Bank 4.17% and Reliance 4.03% after Jio Platforms set a Rs 1,065–1,119 price band for its IPO, which could raise about Rs 30,213 crore. Brent crude fell 2.34% to USD 103.6 per barrel, and analysts cited easing crude prices along with concerns over stretched AI valuations and higher US inflation that hit global tech stocks. In Asia, South Korea's Kospi dropped 7.57% and Japan's 225 index fell 4.90%, while FIIs sold equities worth Rs 1,857.44 crore on Wednesday.
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- The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street
According to the article, 13 U.S.-listed stocks have a market capitalization of at least $1 trillion, and analysts are most bullish on Micron, with a median target price of $1,575 per share, implying 70% upside from the current $925. Micron's results have surged amid a memory chip shortage driven by AI infrastructure demand: revenue in the September quarter rose 379% to $54 billion, and non-GAAP earnings reached $33.42 per diluted share, up from $3.03 a year earlier. The CEO expects tighter supply-demand conditions in fiscal 2027 and 2028. However, new capacity from Micron, Samsung, SK Hynix and others could lead to oversupply by 2029, and memory prices have historically fallen sharply in such periods. Some investors believe AI demand and longer contracts could weaken the boom-and-bust pattern, while others remain cautious.
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- Nvidia Stock Hasn’t Been This Cheap in 7 Years. Only 1 Explanation Makes Sense.
Nvidia's trailing P/E ratio is about 27, its lowest since June 2019 and less than half its 10-year average of 61.3, even though the share price has nearly tripled since Aswath Damodaran called the stock a bridge too far in early 2024. The article argues the only mathematical explanation is that earnings are growing faster than the share price, with second quarter fiscal 2027 revenue up 106% to $92.6 billion and earnings up 126%. Damodaran's 2024 valuation model assumed revenue growth of around 32% a year over five years, a pace Nvidia is now far exceeding. Risks noted include doubts about returns on huge AI infrastructure spending, local opposition to data centers, and rising competition from AMD and customers such as Amazon, Google and Microsoft. The author says Damodaran was badly wrong about Nvidia and suggests the trend could continue.
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Coteccons (CTD) views the entry of VinCons (Vingroup) and Tân Minh Nhân (Sun Group) as a force raising industry standards, and its chairman Bolat Duisenov prefers not to compare the company with other contractors. Instead, management focuses on three questions: how to become investors' first choice, how to attract and retain talent, and how to diversify revenue. In fiscal 2026, net revenue rose 38% to VND 34,340 billion and after-tax profit rose 73% to VND 788 billion, while backlog reached a record VND 70,000 billion. The company targets revenue of VND 42,000 billion and profit of VND 1,050 billion for fiscal 2027, although new contracts signed in Q1 of fiscal 2027 totaled VND 14,519 billion, down year on year, as it tightens client and project selection. Bolat said the company can sustain 20-30% growth in the coming years and is shifting its focus from volume to efficiency.
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