Update: Nasdaq Marks Worst Day Since June as AI Spending Worries Resurface

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• Nasdaq rises as SpaceX , Super Micro boost AI appetite

  The Nasdaq rose as quarterly results from SpaceX and Super Micro Computer boosted appetite for AI-linked stocks, while Netflix fell 2.5% after forecasting weaker-than-expected fourth-quarter profit. SpaceX jumped 10.7% after Elon Musk called a merger with Tesla 'a good idea', and posted its first profit as a public company. Super Micro surged 12% after forecasting quarterly revenue and profit margin above estimates, while data centre operator CoreWeave slipped 2.4%. At 9:54 am ET the Nasdaq Composite was up 0.56% at 26,572.61, with Brent crude trading near $110 a barrel.

  maitlandmercury.com.au·21/10, 18:15▲ QQQ▲ NVDAQQQNasdaqSpaceX
• Nasdaq rises as SpaceX , Super Micro boost AI appetite

  The Nasdaq gained as quarterly results from SpaceX and Super Micro Computer boosted appetite for AI-linked stocks, while Netflix slipped 2.5% after a weaker-than-expected fourth-quarter profit forecast. SpaceX shares rose 10.7% after Elon Musk said a merger with Tesla would be “a good idea,” and Super Micro jumped 12% to the top of the S&P 500 after forecasting revenue and profit margin above Wall Street estimates. CoreWeave shares fell 2.4%, suggesting lingering caution after last week's AI-stock selloff. At 9:54 am ET, the Nasdaq Composite rose 0.56% to 26,572.61, the S&P 500 gained 0.23% and the Dow rose 0.17%. Brent crude traded near $110 a barrel, and markets largely expect the Fed to hold rates steady.

  singletonargus.com.au·21/10, 18:00▲ QQQ▲ NVDA▲ SPYQQQNasdaqAI investment
• Update: Tech-Led Rally Lifts Nasdaq, Extends S&P 500's Advance to Third DayYahoo Finance·21/10, 20:22▲ QQQ▲ SPYS&P 500NasdaqQQQ
• Tech Stocks Power S & P 500 and NASDAQ Higheroklahomacitysun.com·19/10, 23:15▲ QQQ▲ SPYtech stocksS&P 500Nasdaq
• Nasdaq 100 Sees Best Day In Nearly A Month As AI Rout Cools — AMZN, BE, CRWV, AAPL, PLTR In Focus

  The Nasdaq 100 rose 1.2% on Monday, its best day in nearly a month, as investors returned to AI stocks after a week-long sell-off. The S&P 500 gained 0.4% and the Dow Jones slipped 0.1%, while the VanEck Semiconductor ETF (SMH) gained just over 2%. The Nasdaq had fallen 4.5% the previous week amid worries over the AI trade, including Anthropic's reported Q3 sales of $16.8 billion (up from $11.6 billion in Q2), bond investors pulling back from CoreWeave, and a Gartner forecast that 80% of the neocloud market would cease to exist. Amazon shares rose nearly 5% after Morgan Stanley reaffirmed its 'Overweight' rating. Investors are now looking to Meta and Tesla earnings this week.

  Yahoo Finance·19/10, 23:00▲ QQQ▲ SPYNasdaqtech stocksartificial intelligence
• US Equity Markets Mixed Amid Gains in Technology, Consumer Discretionary StocksYahoo Finance·19/10, 20:13▲ QQQ• SPY▲ AMZNtech stocksNasdaqQQQ

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• Musk's wants to merge SpaceX and Tesla: Here's what to know

  Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.

  Yahoo Finance·22/10, 20:54• TSLATSLAElon MuskSpaceX
• CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?

  Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.

  Yahoo Finance·22/10, 20:47▼ NVDACoreWeaveNebiusbonds
• Disney’s multiplatform Super Bowl plan frustrates ABC affiliates

  ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.

  CNBC·22/10, 20:44Disneyadvertisingtelevision
• Nasdaq sell-off: A momentum unwind 'for the record books'

  Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.

  Yahoo Finance·22/10, 20:37▼ QQQ▼ SPYNasdaqsemiconductorsNvidia
• Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election

  Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.

  CNBC·22/10, 20:37METAtaxeswealth tax
• Dune launches real-time data feeds covering 200 onchain trading venues

  Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.

  Cointelegraph·22/10, 20:36cryptodecentralized exchangestokenized assets