Wall Street Sinks in Selloff on AI Worries

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• AI Financing Concerns and Major Technology Earnings Set Agenda for Markets This Week

  The Philadelphia Semiconductor Index fell 11.41% last week and the Nasdaq Composite dropped 4.48%, as investors weighed debt-funded AI infrastructure spending amid expectations that rates could stay high for longer after September inflation exceeded forecasts. CoreWeave (CRWV) lost about a quarter of its market value during the week, Oracle shares fell 9.31%, and the cost of default protection on debt issued by AI-related companies rose. Meta (META) and Tesla (TSLA) report after the US close on Wednesday, SpaceX (SPCX) on Tuesday, and Netflix (NFLX) is also on the calendar, with investors focusing on investment spending and business performance. SpaceX recently agreed to acquire cellular spectrum licences from Grain Management for about $8 billion in cash.

  Yahoo Finance·19/10, 10:32• META▼ NVDA▼ QQQ• SPYAI investmentNasdaqearnings
• TSX futures point lower as U.S. tech earnings spur AI jitters

  TSX 60 futures fell 16 points (0.7%) on Friday as results from large U.S. tech companies revived concerns about heavy AI spending. Nasdaq 100 futures dropped 783 points (2.7%) after the Nasdaq Composite fell 1.38% on Thursday, when Alphabet had its worst day ever, losing more than half a trillion dollars in market value. Amazon shares fell more than 6% premarket despite Amazon Web Services revenue of $46 billion, while Intel shed more than a fourth of its value. Brent and WTI crude each rose 2.2% to $117.36 and $104.23 per barrel, while gold fell below $4,000 an ounce, its lowest since July. The article also reports that Binance suffered the largest cyberattack in the crypto industry's history, dragging crypto stocks lower.

  Yahoo Finance·30/10, 13:32▼ QQQ▼ AMZNNasdaqoil pricesgold
• Nasdaq Futures Slide 2.2% as Amazon and Intel Earnings Fuel AI Spending Concerns, Binance Hit by $6.3 Billion Hack: Dow Jones, S&P, Wall Street

  US stock futures fell sharply on Friday, with Nasdaq 100 futures down 646 points, or 2.2%, as disappointing tech earnings intensified worries about AI infrastructure spending. Alphabet suffered its biggest one-day loss in market value, more than $500 billion, after announcing plans for substantial additional AI investment, while Microsoft completed a $25 billion bond offering. Amazon shares fell more than 6% premarket as online store sales rose 2% and advertising revenue grew 11%, despite Amazon Web Services' faster growth and planned capital spending of about $220 billion. Intel shares were down more than 25% premarket after fourth-quarter guidance came in below analyst expectations. Separately, Binance said hackers stole about $6.3 billion in digital assets, roughly half of which was frozen by stablecoin issuers, and it suspended withdrawals while Bitcoin fell 2.6% to about $78,001.80.

  Yahoo Finance·30/10, 10:01▼ BNB/USDT▼ QQQ▼ AMZN▼ BTC/USDTNasdaqcryptobitcoin
• Nasdaq plunges 2 . 6 % as AI spending fears spark tech selloff | Honolulu Star - Advertiser

  The Nasdaq fell 2.6% on Thursday, its steepest daily drop since early June, as high-profile AI-related earnings reports fueled fears about AI spending, leaving the S&P 500 deep in negative territory. Meta Platforms slid 7.0% despite beating expectations, after posting its first cash outflow in over a decade due to AI expenditures, while Tesla fell 3.1% despite unexpectedly positive free cash flow. The Philadelphia SE Semiconductor Index plunged 6.7%, is more than 26% below its June 22 record close but still up 51.5% this year, versus 11.9% for the S&P 500. Crude prices hit a five-month high after Iran-backed Houthis struck Saudi targets, raising inflation worries. Of 111 S&P 500 companies that have reported third-quarter results, 83% beat analyst expectations, according to LSEG data.

  staradvertiser.com·23/10, 00:00▼ QQQ▼ NVDA▼ SPY▼ MSFTNasdaqAI investmentsemiconductors
• U . S . stocks end mixed as AI spending jitters spark tech sell - off - Xinhua

  U.S. stocks closed mixed as concerns over AI spending pulled tech shares lower. The Nasdaq Composite fell 694 points, or 2.6%, and the S&P 500 lost 93.74 points, or 1.21%, while the Dow Jones gained 11.89 points, or 0.02%. The 10-year Treasury yield dropped more than 17 basis points to 4.957%, while Brent crude settled up 4% at $113.17 a barrel amid escalating Middle East tensions. Meta Platforms sank about 7% despite third-quarter revenue of $64.6 billion, up 26% from a year earlier, and Tesla and SpaceX also declined. The Philadelphia Semiconductor Index plunged nearly 6%, with Lam Research down 11.76% after warning of supply-chain delays, while GE Vernova fell 10.64% as worries over AI financing grew.

  english.news.cn·22/10, 23:45▼ NVDA▼ QQQ▼ META▼ MSFTAI investmentoil pricessemiconductors
• Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump

  Sharp declines in AI stocks pulled markets lower worldwide on Thursday, while oil prices rose to their highest since May on worries about the war with Iran. The S&P 500 fell 1.2% for its worst day since July and the Nasdaq composite tumbled 2.6%, even though most U.S. stocks rose. Lam Research dropped 11.8% despite slightly stronger quarterly profit and revenue, Meta lost 7% despite revenue beating expectations, Nvidia fell 4.4%, and CoreWeave dropped 10.1% on debt worries. Asian markets also slid, with South Korea’s Kospi down 3.5%, Hong Kong’s Hang Seng down 3% and Japan’s Nikkei 225 down 2.7%, while Brent crude rose 4% to $113.17 a barrel. U.S. 10-year Treasury yields tumbled to 4.97% from 5.13% as investors sought safer government bonds.

  theguardian.com·22/10, 22:45▼ NVDA▼ QQQ▼ SPY▼ AMZNAI investmentoil pricesNasdaq

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• Gold Falls Nearly 4%, Silver Loses 6% as Big Players Buy the Dip

  Spot gold dipped to 3,870 USD/ounce before trading near 3,874 USD/ounce, down more than 146 USD (about 3.6%) in one session and at its lowest level in over a year. Silver fell more than 3 USD (nearly 6%) to around 49 USD/ounce, touching 48.7 USD intraday. Even as prices fell, SPDR Gold Trust bought 0.57 tonnes of gold, lifting holdings to 1,041.65 tonnes, and iShares Silver Trust (SLV) added 103.85 tonnes of silver, bringing its holdings to about 15,650 tonnes. The slide came as markets reassessed Fed policy: the Fed held rates at 3.75-4.00%, but two FOMC members backed a 25 basis-point hike, while stronger-than-expected US third-quarter GDP growth of 3.4% and elevated core inflation kept expectations for tighter policy for longer. Higher oil prices from tensions with Iran add to inflation risks, so high-rate expectations could weigh on gold in the short term, though some investors see deep pullbacks as chances to accumulate for the long term.

  CafeF·31/10, 06:36▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDTgoldsilverFed
• Amazon's AWS Just Gave Investors A Big Growth Signal — And Gene Munster Thinks It's Only The Beginning

  Gene Munster of Deepwater Asset Management believes Amazon has given investors a bigger-than-usual view of AWS's future, and that its AI infrastructure opportunity may only be starting. Management guided for AWS growth of at least 40% in both 2027 and 2028 and said the cloud business could eventually reach 1 trillion USD in annual revenue, while AWS grew 39% in the September quarter, roughly in line with expectations. Munster estimates AWS would need average annual growth of about 42% to reach 1 trillion USD in five years; AWS currently makes up about 21% of Amazon's revenue, which he thinks could rise to about half within five years. Amazon plans to sell its custom Trainium AI chips from late 2027; Munster does not expect chip sales to be a major revenue source but sees it as another sign of Amazon's push into AI infrastructure, and expects capital spending to rise faster than Wall Street estimates. AMZN fell over 1% in Friday's regular session but rose 0.2% after hours, Stocktwits retail sentiment was 'extremely bullish', and the stock is up 4% year-to-date and 8% over 12 months.

  Yahoo Finance·31/10, 06:25▲ AMZNAMZNcloud computingartificial intelligence
• Deputy PM: Retail Electricity Prices to Fall 2%

  Deputy Prime Minister Nguyễn Văn Thắng said the Government is directing EVN to cut costs as much as possible to reduce retail electricity prices by about 2% until 31 March 2027, as part of efforts to keep inflation moving toward the 4.5% target. Together with cutting the special consumption tax on gasoline to 0%, this would give room of 0.07% for inflation control within the National Assembly's target. The average retail electricity price is currently over 2,204 VND/kWh, excluding VAT. For growth, the fourth quarter needs to reach 12.5% to meet the double-digit annual target, and public investment disbursement had reached over 720,000 billion VND, more than 75% of plan, by 29 October, which is expected to contribute about 2.5% to Q4 growth and 1.7% to full-year 2026 growth.

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• Prediction: 2 Under $1 Trillion Stocks That Will Be Worth More Than Micron 5 Years From Now

  The article argues that SK Hynix and AMD could surpass Micron in market value over the next five years, even though Micron already has a market cap of over 1 trillion USD. SK Hynix is described as the HBM leader with about 50% market share and a 500 billion USD long-term contract with Nvidia, while Micron's HBM share is under 20%. For AMD, the article highlights its GPUs and server CPUs for inference and agentic AI, with early commitments from OpenAI, Meta Platforms, Anthropic, Microsoft, and Oracle. Its two largest deals, 6-gigawatt commitments from OpenAI and Meta Platforms, would each be worth over 120 billion USD by the author's estimate, and the author still expects AMD to outperform Micron despite the stock not being as cheap as the other two.

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• Russia's world-leading technology shakes up energy sector, 9 countries move to access it, 4 nations push projects forward

  Rosatom says 9 African countries have shown considerable interest in its floating nuclear power plant technology, following the third Russia-Africa summit in Moscow attended by representatives of about 50 countries. Rosatom is discussing large-scale nuclear plants with Uganda, Ghana, Ethiopia and Egypt, and is in detailed talks on floating plants with Egypt, Tanzania, Togo and Namibia. Russia is currently the only country operating a floating nuclear power plant, Akademik Lomonosov, which has run commercially since 2020; Africa has only one operating nuclear plant, Koeberg in South Africa, while Rosatom is building El Dabaa in Egypt with 4 reactors. The two sides are also discussing expanding El Dabaa to 6 reactors.

  CafeF·31/10, 06:16Russianuclear powerAfrica
• Trump called out Big Oil profits. Here's how much their refining earnings have surged since

  President Donald Trump criticized ExxonMobil and Chevron in August for making 'too much money based on a shortage' as profits surged after the U.S.-Israeli war with Iran. Results published this week show oil majors continuing to benefit from tight fuel supplies and high refining margins. Shell, BP, TotalEnergies and Exxon reported sharply higher refined-products margins, while Chevron's downstream earnings more than quadrupled from a year earlier to $4.9 billion. Supply is tight due to Ukrainian drone strikes on Russian refineries, Middle East disruptions linked to the Iran war and Houthi attacks on Saudi Arabia, and refinery closures in Europe and North America, with around a quarter of EU refineries shut over the past two decades. Analysts say measures such as emergency diesel releases and a U.S. deal with Russia to supply more diesel may have only a limited impact unless supply rises materially, demand weakens or global tensions ease.

  CNBC·31/10, 06:00• SPYoil pricesoil refiningDonald Trump