TradingKey

On November 6 ET, potential IPO buyers of Anthropic were discussing a valuation of $1.2 trillion to $1.3 trillion, lower than the $1.4 trillion to $1.5 trillion previously indicated to underwriting banks. Based on the midpoint of the ranges, valuation expectations have retreated by approximately 13.8%.

Following the Democrats' victory in both chambers of the U.S. Congress, GLJ Research believes that a potential merger between SpaceX (SPCX) and Tesla (TSLA) will become slower, more costly, and less likely. For existing SpaceX shareholders, if the transaction originally required paying a high premium, a slower process could alleviate concerns about ceding too much equity, providing some support for valuations.

TradingKey - Apple's (AAPL) new-generation Mac products officially went on sale on November 6.

TradingKey - On November 6, Eastern Time, as of press time, Nvidia (NVDA) rose over 4% in pre-market trading, after its stock fell about 9.26% in the previous trading session.

TradingKey - Qualcomm’s $5 billion data-centre target faces handset weakness and delayed cost recovery. QCOM needs to reclaim $166.05 after its earnings selloff.

TradingKey - On November 6, Eastern Time, futures tied to the three major U.S. stock indices were mixed. As of press time, Nasdaq 100 index futures were up about 1.49%, S&P 500 index futures rose approximately 0.22%, and Dow futures fell around 1.09%.

TradingKey - Following a heavy sell-off in the previous trading session, the U.S. memory sector staged a collective rebound in pre-market trading on November 6. SanDisk (SNDK) rose nearly 12%, Micron Technology (MU) gained over 9%, Western Digital (WDC) and Silicon Motion (SIMO) both climbed over 8%, Seagate Technology (STX) advanced more than 7%, and SK Hynix (SKHY) also rebounded nearly 6%.

TradingKey - Nvidia faces reported H200 shipment delays ahead of November 17 earnings. Broken $190.01 support leaves $173.69 in focus as investors assess deliveries.

TradingKey - Airbnb’s faster bookings and $12 billion buyback authorization lift its outlook. Holding $179.44 after earnings would put $192.90 resistance in focus.

TradingKey - Elon Musk strongly backed Republican candidates in the 2026 U.S. midterm elections but failed to prevent the Democrats from taking control of Congress, leaving his companies facing fresh market pressure. Over the past two trading sessions, share prices of Tesla (TSLA) and SpaceX (SPCX) fell consecutively, resulting in a cumulative market capitalization loss of approximately $456 billion.

TradingKey - On November 6, Eastern Time, Tesla (TSLA) shares rose 2.8% in pre-market trading to $353.3. In the previous trading session, Tesla shares fell 10.77% to close at $343.69.

TradingKey - Cloudflare’s revenue grew 39%, but GAAP losses widened. After-hours gains put $272.23 in focus as investors assess margins and network spending.

TradingKey - On November 5, Eastern Time, Tesla (TSLA) shares fell sharply by 10.77% to close at $343.69, hitting an intraday low of $338.15, as trading volume rose to approximately 79.68 million shares. Following a 3.34% drop on November 4, the cumulative decline over the two trading days exceeded 13%. Compared to its recent intraday high of $414.23 on November 2, TSLA has pulled back roughly 17%.

TradingKey - On November 5, Eastern Time, SpaceX (SPCX) shares fell 9.05% to close at $123.62, marking a second consecutive trading day of declines and retreating about 29.9% from its October intraday high of $176.42.

TradingKey - U.S. equities suffered one of their most severe sell-offs in recent years, with the AI supply chain bearing the brunt of the hit. On Thursday local time, the Philadelphia Semiconductor Index plunged approximately 12.3%, marking its largest single-day decline since March 2020; the Nasdaq 100 Index dropped about 6.4%, the S&P 500 slumped 4.4%, and the Dow Jones Industrial Average fell by more than 1,800 points. As Nvidia (NVDA), memory chipmakers, and data center-related stocks tumbled across the board, market confidence in the outlook for AI investments was visibly shaken.

TradingKey - At the close on Thursday (November 5) Eastern Time, SanDisk (SNDK) shares fell sharply by 22.26% to close at $806.43, touching an intraday low of $803.97, with trading volume surging to approximately 30 million shares—more than three times its 20-day average volume. Over the past week,

The KOSPI reclaimed the 5,000-point mark after triggering a circuit breaker as Japanese and South Korean stock markets narrowed their losses, with SK Hynix and Samsung attracting bottom-fishing buying at low levels.

TradingKey - Berkshire Hathaway (BRK.A, BRK.B) will release its third-quarter 2026 financial results on the morning of November 7, Eastern Time. As of the close on November 5, its Class B shares closed at $572.33.

SpaceX's valuation plunged, tumbling 9% in a single day to approach its late-August low, with the market eyeing the key $100 psychological support level.

TradingKey - Anthropic originally planned to launch its initial public offering (IPO) roadshow during the week of November 9 and complete pricing the following week, but this timeline is now facing uncertainty.