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- Elon Musk Wants Tesla, SpaceX To Test 10 Chip Designs A Year At Terafab As TSMC Reportedly Eyes Texas
- TSMC Open to Working With Terafab But Must Control Plants
TSMC is in discussions to collaborate with Elon Musk’s Terafab project but insists it must operate the chip fabrication plants. CEO C. C. Wei said “the fab has got to be run by TSMC,” responding to Musk’s recent claim that TSMC would at most lease capacity. Based in Texas, Terafab aims to supply advanced chips for Tesla and SpaceXAI, and Musk has said his companies would be solely in charge there. Intel is helping develop the technology for the facility, while neither side has specified the terms of any arrangement beyond confirming the talks.
- TSMC Stock Falls After Blowout Earnings. Musk Talks Could Offset AI Chip Fears.
- Elon Musk Says Terafab Could Rank Among ‘Top 20 of Country GDPs’ as Tesla and SpaceX Build Massive Texas Chip Empire
Elon Musk is recruiting for the Terafab project by SpaceX and Tesla, saying the output of the Texas chip complex could rank among the top 20 country GDPs. The project combines logic, memory and advanced packaging, with Intel joining in April; the first phase represents over $16.8 billion of investment and 3,000 jobs, and Texas awarded SpaceX a $30 million grant. The plant is designed to supply chips for Tesla's Optimus robots, Cybercabs and SpaceX's planned orbital data centers, with Musk estimating about 75% of AI compute would go to SpaceX. Musk admitted he has "no idea how to make microchips" but said the companies would figure it out, a process that "might take us quite a few years."
- Sainsbury strategy in focus after reports over Morrisons talks
Sainsbury's will update shareholders on Thursday October 22 on its half-year performance and strategy, with questions expected on reports of earlier talks with Morrisons, which the Financial Times said have ended. The UK's second-largest grocer holds about 15.3% of the market, far behind Tesco's 27.9%, and has agreed to sell its Argos arm for at least £120 million. Barclays expects second-quarter sales growth to slow to 2.6% from 3.6%, with half-year earnings before interest and tax around £530 million, up 4%. Investors will also look for guidance on how a predicted rise in inflation and higher energy costs linked to the Middle East conflict could affect profit.
- Sainsbury strategy in focus after reports over Morrisons talks
Sainsbury's will update shareholders on trading on Thursday October 22, and analysts are expected to ask about reports it held merger talks with Morrisons earlier this year, though the FT says those talks have ended. The retailer holds about 15.3% of the UK grocery market, well behind Tesco's 27.9%, and in July agreed to sell Argos to Swift Partners for at least £120 million. Barclays expects second-quarter sales growth of 2.6%, down from 3.6% in the first quarter, and EBIT of around £530 million for the half year, up 4%. Investors will also watch the profit outlook as the Middle East conflict pushes energy costs and inflation higher.
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- CoreWeave Dropped 20% Last Week. Is It Time to Panic or Buy?
CoreWeave shares fell more than 20% as of Oct. 16, driven mainly by concerns over debt and spending. The company carries about $35 billion in total debt against $5.5 billion in cash, with net interest payments reaching $640 million in the second quarter alone, unsecured bond yields approaching 15%, and an S&P rating of B+. Capital expenditure was just over $16 billion in the first half of 2026 and could reach $39 billion for the year, roughly triple its $12.4 to $13.2 billion revenue guidance. States are also weighing restrictions on data centers. On the positive side, second-quarter revenue rose 112% year over year and the backlog exceeded $104 billion. The author has reservations and sees the drop as an opportunity only for the most risk-tolerant investors, who might build a position slowly, while the company needs to prove it can convert its backlog efficiently and manage debt.
- Apple’s iPhone Duo Sold Out In Minutes. The Last Time Apple Reinvented The Phone, One Apple Supplier’s Stock Soared About 1,200% In A Decade
Apple's first foldable iPhone, the iPhone Duo, sold out within minutes of its worldwide preorders opening on Oct. 16, but buyers who ordered more than an hour later face a delay of nearly three months, according to Korea JoongAng Daily, which puts the U.S. starting price at $1,999. One unnamed supply-chain source said Foxconn's final-assembly yield was just above 60% heading into late September, against the 90%-plus rate Apple typically expects, and the hinge, which holds more than 100 parts, is cited as a constraint. Analyst Jeff Pu cut his 2026 shipment estimate from 7 million to 6 million, while reported forecasts range from about 6 million to 10 million units. The article also recalls that Skyworks Solutions, identified as the power-amplifier supplier of the original iPhone, rose about 1,200% over a decade, though those figures cover price only.
- Why Sandisk Stock Shot Higher Today
Sandisk shares jumped as much as 8.3% and were still up 7.9% at 11:24 a.m. ET, helped by a tech rebound and positive news in high-bandwidth memory (HBM). Nvidia has developed NVHBM, a custom HBM die with 15% lower power consumption and 30% higher bandwidth that links NVLink and HBM chips. A Seoul Economic Daily report says Nvidia asked Samsung Electronics to use TSMC's 3-nanometer process to make NVHBM dies, the first such collaboration between the two. Nvidia has also approached Micron and SK Hynix to standardize the process, which could free compute-die space for up to 30% additional compute. The article argues this suggests AI adoption still has room to grow, which would also benefit memory suppliers, and notes Sandisk trades at 19 times earnings and 6 times forward earnings.
- JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use
JPMorgan is launching JPM Coin, its dollar deposit token, on Ethereum and will offer it to institutional clients there, as announced Monday and reported by Bloomberg. Emma Landriault, global head of Kinexys Labs, said Ethereum's liquidity and the fact that the bank's clients already use it drove the choice. The token targets large crypto firms that pay onchain and financial institutions active in tokenized assets, which can use it as onchain cash to settle trades or as collateral. JPM Coin debuted last year on Base, and it lets clients move dollars in seconds at any hour, whereas a transfer can otherwise take several days. JPMorgan's private Kinexys network already handles daily volume above $7 billion, the bank's payments arm handles around $12 trillion in daily payments, and Open Standard launched its OUSD stablecoin on Ethereum, Solana, Base and Tempo last month.
- Prediction : Amazon Next Chapter Could Be Its Most Important One Yet
24/7 Wall St. sets a price target of $332.67 for Amazon (AMZN), 30.4% above the current $255.20, and rates the stock a buy with 70% confidence. The thesis rests on AWS, which grew 37% last quarter, its fastest pace in 18 quarters, while Amazon plans to spend about $200B in 2026 on AI infrastructure, chips, robotics and satellites. The article flags risks: trailing free cash flow turned negative at about -$7.6B after second-quarter capex rose 68.44%, and long-term debt climbed to $119.1B from $65.6B. It compares Amazon's valuation with Microsoft and Alphabet, and says the author would stay constructive if AWS growth stays above 30% and free cash flow turns positive in 2027.
- Explainer - What behind Egypt move towards possible military involvement in Saudi - Yemen conflict ?
Egypt's parliament is expected to vote next week on authorising its armed forces to help defend Saudi Arabia against Houthi attacks from Yemen, if Riyadh requests support. President Abdel Fattah al-Sisi made the request in a Saturday speech, a clear escalation from Cairo's measured tone since the Iran war began, though Egypt has not publicly committed to a direct combat role. Egypt relies heavily on Gulf states for remittances, aid and deposits, including a $5.3 billion Saudi deposit at Egypt's central bank due this month. Analysts say security concerns, including a July drone strike on two gas vessels at Damietta and shared interest in Red Sea shipping, are pushing Cairo toward a more active stance. Egypt receives about $1.3 billion a year in US military aid and previously sent air and naval forces to the Saudi-led coalition in Yemen in 2015.
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