Crown New Materials Technology, a Chinese tape maker, surged as much as 787% in its market debut on Tuesday, creating two billionaires on paper. The move came as Beijing reportedly moved to restrict new IPO filings amid a stock-market slump, and shares reached 150.58 yuan.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 11/03/2026 | 1,699.62 |
| Change that session | -0.65% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Beijing is Intervening in its Stock Market. Yet Again.
China's Securities Regulatory Commission has asked investment banks to pause all IPOs. The aim is to slow the supply of new shares entering the market.
- China fifth plenum, Jio listing on Indian bourses, BOJ meeting
The fifth plenary session of the Chinese Communist Party's Central Committee in Beijing, running until Thursday, is expected to focus on party governance and anti-corruption efforts, likely strengthening Xi Jinping's position ahead of leadership changes next year. Jio Platforms is set to list on Indian bourses after a record $3.2 billion IPO, the country's largest ever, marking the first public debut by a Reliance Industries group company in two decades; the offering was fully subscribed within two hours. The Bank of Japan is widely expected to keep rates unchanged after a two-day meeting, with markets watching Gov. Kazuo Ueda for clues on a possible December rate hike.
- Eric Schmidt Rejects AI Bubble Fears, Says Anthropic Is Growing Twice as Fast as Google Did
Former Google CEO Eric Schmidt says AI “is not a bubble,” citing Anthropic's rapid revenue growth as evidence customers are paying for useful technology, and claims its growth ran more than twice as fast as Google's record during his tenure. Anthropic told prospective investors that third-quarter revenue jumped 45% to $16.8 billion from $11.6 billion in the previous quarter and $4.7 billion in the first, and that it was profitable on an adjusted basis. A draft IPO prospectus reviewed by Reuters showed an $80.7 billion net loss in the first half of 2026, including a $72 billion noncash charge tied to convertible financing, and nearly $9 billion of computing and infrastructure spending. Schmidt warned Western AI firms could lose the global customer contest, as free Chinese models, which he estimates are about six months behind, may dominate poorer countries. On Polymarket, traders put 9% odds on an AI-industry downturn by Dec. 31, with nearly $2.5 million traded.
- DeepSeek Completes Nearly $15 Billion Funding Round, Largest Ever in China
Chinese AI startup DeepSeek is finalizing a funding round of about 100 billion yuan (US$14.98 billion) from existing and new investors, including Tencent and CATL, according to Reuters citing sources. The round values the company at 500 billion yuan (about $74.9 billion) before the new capital, and its size is double the initial target of 50 billion yuan. Other participants include Midea, Meituan, Geely and GigaDevice, with more than 15 investors in total. The terms and investor list are not final and the deal is expected to close within days, while DeepSeek, CATL and Tencent have not commented. The move follows DeepSeek's hiring of CITIC Securities in September to prepare a potential IPO on China's STAR Market.
- Dalal Street Week Ahead: Jio IPO, Q2 earnings, China GDP, oil prices, PMI flash numbers among 10 key factors to watch
- Anthropic's IPO is risky business
Anthropic's IPO prospectus, spanning more than 90 pages, lists risk factors that go well beyond typical boilerplate, from catastrophic or existential risks to humanity to the company's current clash with the Trump administration. Key concerns include AI safety efforts that may prove inadequate, growing public opposition to data centers with lawmakers in 16 states considering moratoriums, and a lack of sufficient electrical power. The filing also flags child-safety risks, noting that minors are not allowed to access Claude but that adoption could extend to minors and vulnerable users, while Meta recently agreed to pay roughly $17 billion to settle state litigation over child mental health. Anthropic further warns that slower market growth, or customers switching to cheaper and open-source models, could hurt demand for its products.
Related markets
Latest news
- What Would Warren Buffett Do With Nike Stock Down 38% in 2026?
Nike expects fiscal 2027 sales to decline by a high-single-digit percentage, and the stock has fallen 38% in 2026 as of the article's writing. Citing Warren Buffett's 1996 Berkshire Hathaway shareholder letter, 'If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes,' the article suggests shareholders evaluate their conviction in the stock. Investors who doubt a recovery may consider whether Nike still belongs in their portfolio and whether proceeds from selling its shares could fund a higher-conviction position, while those who expect a turnaround can give CEO Elliott Hill more time. The dividend yields 4.1% at the current stock price.
- Meta seeks to raise up to $25 billion in debt sale as AI spending jumps
Meta is seeking to raise between $20 billion and $25 billion in a bond sale on Tuesday as it steps up spending on AI infrastructure, models and services. The offering is expected to be about two-thirds in U.S. dollars and one-third in euros, with final pricing due Tuesday afternoon. It follows S&P Global Ratings' revision of Meta's outlook from AA- stable to AA- negative, citing uncertainty over its heavy capex and negative free cash flow. Meta's full-year capex is now expected at $135 billion to $145 billion, and the company plans to raise $95 billion for AI initiatives, including $35 billion through underwritten public equity offerings and $60 billion via an at-the-market program.
- Energy Transfer Just Delivered a Monster Quarter. Is Its High-Yielding Stock a Buy?
Energy Transfer posted a strong quarter, with adjusted EBITDA of $5 billion, up 31% year over year, and distributable cash flow up 33% to $2.5 billion. Growth came from natural gas transportation, where intrastate EBITDA rose 50% to $346 million after the early completion of the Hugh Brinson Pipeline, and from NGL and refined-products EBITDA, up 16% to $1.2 billion. The company raised full-year adjusted EBITDA guidance by $850 million at the midpoint to $19.7–19.9 billion, though part of that growth came from acquisitions. Growth capital spending for 2026 was lowered to $5.4–5.6 billion, while about $7 billion is expected in 2027. Distributable cash flow of $7.8 billion through nine months covered the 6.7%-yielding distribution 2.2 times, and the company agreed to acquire Vaquero Midstream for $2.6 billion.
- Amazon Stocks Edge Higher as Custom-Chip Commitments Increase More Than 20-Fold
Amazon shares edged up 0.21% to $246.15 at 10:45 a.m. ET on November 3 as investors weighed the cloud outlook after quarterly results. The main highlight is that revenue commitments for Graviton and Trainium each rose more than twentyfold from a year earlier. Management said inference, which runs trained AI models, accounts for well over half of AWS AI revenue, and plans to offer Trainium outside AWS in late 2027. AWS revenue was approximately $46 billion and operating income $17.8 billion, implying an operating margin of about 38.7%. The key questions are whether these commitments turn into paying usage and whether cloud margins hold up as infrastructure costs rise.
- Once election results are in, here’s what investors should focus on next
The article stresses that investors should separate their political views from their investment and trading decisions.
- Apple earnings analysis: questions answered and next catalysts
Apple beat fiscal Q4 2026 expectations (reported Nov 2, 2026) with revenue of $114.48 billion and EPS of $2.10, yet the stock fell to $332.64 (-1.68%) as of 12:49 PM EST on Nov 3. The selling was driven by guidance: December-quarter gross margin of 45% to 46% against a consensus of 46.9%, and Services growth of 8% to 9% versus about 10.7% expected, with memory costs and Siri AI ramp costs adding pressure. iPhone revenue reached $57.58 billion, up about 17.5%, while tariff refunds added about 1 point to gross margin, though management said most refunds have been received. Analysts are divided on the AI strategy and valuation, with UBS expecting the P/E to compress to about 31x from 36x. The next earnings report is tentatively set for about Feb 4, 2027.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.