TradingKey

TradingKey - As artificial intelligence continues to drive surging demand for DRAM and high-bandwidth memory, Micron Technology's (MU) key expansion plan in Taiwan has run into uncertainty. According to Bloomberg, citing people familiar with the matter, Micron has largely suspended the construction of an approximately $4.5 billion memory chip fabrication facility in Taoyuan, Taiwan, due to an unresolved labor dispute with the local labor union. Following the news, Micron shares fell nearly 5% in premarket trading.

TradingKey - On Thursday, November 5, Eastern Time, futures on the three major U.S. stock indices diverged. As of press time, Dow futures rose 0.65%, S&P 500 futures gained 0.23%, and Nasdaq 100 futures fell 0.49%.

TradingKey - Airbnb (ABNB) will report its third-quarter 2026 financial results after the U.S. market close on November 5. Ahead of the earnings release, capital positioned early on bets that travel demand and platform bookings would remain resilient, driving the company's shares up 5.64% to $176.37.

TradingKey - Meta’s ad prices rose 14%, but spending outpaced operating cash flow. Its AI financing puts returns per share in focus as META faces resistance at $648.82.

TradingKey - Arista targets $7 billion in AI networking sales in 2027. Rising supplier commitments raise the stakes as ANET buyers struggle to hold the $188.47 average.

TradingKey - Datadog fell 14.42% as its largest customer cut usage. Can faster growth elsewhere offset renewal discounts and help DDOG recover $203.55?

TradingKey - After the market close on November 4 ET, AppLovin (APP) reported its third-quarter 2026 financial results, with both revenue and earnings per share beating expectations and fourth-quarter guidance topping market estimates, driving its stock up more than 20% in after-hours trading.

TradingKey - AppLovin’s AI ad upgrade helped lift revenue 55%. After a $333.80 after-hours print, $322.49 is the level buyers need to defend in regular trading.

TradingKey - On November 4, Seagate Technology (STX) shares continued their recent correction, closing down 8.13% at $557.06 on a trading volume of approximately 6.7 million shares. Compared to its nearly two-month high of $946.36 in October, STX has recorded a cumulative decline of nearly 40%. On the same day, Micron fell 7%, and other storage stocks such as Western Digital and SanDisk also weakened noticeably, with the broader sector remaining in a correction phase.

TradingKey - Amid a significant rebound in U.S. equity risk appetite, Microsoft (MSFT) shares rose approximately 6.7% in a single day, touching an intraday high of $559.15 and closing at $555.80, both setting new all-time highs.

TradingKey - As of the close on November 4, Eastern Time, Nvidia (NVDA) shares weakened again, falling 3.17% to close at $200.13 after hitting an intraday low of $199.68, marking seven consecutive trading days of losses and setting a nearly three-month low. Since reaching an all-time high of $243.37 on October 6, Nvidia has experienced a cumulative pullback of over 16% and has recently broken below multiple major moving averages, with its short-term downward trend continuing.

TradingKey - International oil prices suffered a fresh round of heavy selling. Following the announcement of the U.S. midterm election results, the Democrats won both the House of Representatives and the Senate, leading markets to bet that the Trump administration could face greater pressure, thereby prompting the U.S. to reconsider military action against Iran.

Japanese and South Korean stock markets suffered a second bloodbath, as the KOSPI plunged 5.28% to trigger a sidecar circuit breaker, while Kioxia tumbled 13%, falling below the 10,000-yen mark.

TradingKey - On Friday, Eastern Time (November 6), the United States will release the October non-farm payrolls report. Current market consensus expects US non-farm payrolls to increase by approximately 65,000 in October, up from 29,000 in September. The unemployment rate is projected to hold steady at 4.2%, while month-over-month average hourly earnings growth may rebound from 0.1% to 0.3%. With the Federal Reserve having just paused interest rate hikes at its October meeting and the market still betting on another rate hike in December, whether this jobs report confirms that the US labor market remains resilient will serve as a key variable influencing interest rate expectations and the near-term trajectories of US equities, the US dollar, and gold (XAUUSD).

TradingKey - CVS Health (CVS) reported earnings that beat market expectations for the eighth consecutive quarter, yet failed to win over investors. On November 4, the company announced plans to split its business into two independent publicly traded companies in the first half of 2028. Following the announcement, its stock plunged 12.5% to a near six-month low.

Micron plunged 25% in a single month, falling below the $800 mark, as technical indicators warn of a potential further 30% decline.

TradingKey - As of the close on November 4, Eastern Time, Arm (ARM) shares fell 5.28% to close at $191.80. Following the release of its latest earnings report, the stock dropped about 2.6% further in after-hours trading to around $186.90. Although the company's second-fiscal-quarter revenue and adjusted earnings per share both beat market expectations, relatively weak royalty revenue and next-quarter guidance that was only slightly above analyst forecasts led the market to reprice its future growth rate.

Qualcomm's earnings report showed revenue under pressure, dampening bullish sentiment and sending its stock tumbling to a nearly two-month low, with a breach of key technical support posing the risk of a further 20% decline.

TradingKey - As of the Asian session on Thursday (November 5), gold prices (XAUUSD) extended yesterday's strong rebound, topping $4,100 intraday and hitting a high of $4,138.06, up more than $70 on the day. Previously, gold surged 3.31% on Wednesday, marking its largest single-day gain since August, peaking at $4,070.62 intraday and successfully reclaiming the $4,000 mark. Following the announcement of the U.S. midterm election results, a noticeable pullback in the U.S. dollar and Treasury yields served as the primary driver behind gold's rebound.

The resolution of political uncertainty has sparked capital inflows, driving Bitcoin to rebound back to $80,000, with technicals signaling more than 8% further upside potential.