TradingKey

In early US trading on November 2 ET, Bloomberg reported that Anthropic's third-quarter revenue approached $17 billion, roughly 12 times that of the same period last year, with single-quarter revenue exceeding the total for the first half of this year. The rapid expansion of its revenue scale provides a new pricing basis for the Claude developer's upcoming initial public offering (IPO).

On November 2, Eastern Time, international oil prices fell sharply. As of press time, Brent crude futures (UKOIL) dropped 6.3% to $106.2 per barrel, while US WTI crude futures (USOIL) declined 6.4% to $97.4 per barrel.

TradingKey - Apple (AAPL) will report its fourth-quarter fiscal 2026 financial results after the US market close on November 2.

TradingKey - As of press time on November 2, Eastern Time, Alphabet (GOOGL) rose 0.83% in pre-market trading to $282.17.

TradingKey - Marvell Technology (MRVL) announced an all-stock acquisition of data center optics manufacturer Lumentum (LITE), with a transaction enterprise value of approximately $115 billion and an equity value of about $102.5 billion. If successfully completed, this will become one of the largest M&A transactions since 2026 and set a record as the largest merger between public tech companies.

TradingKey - Regeneron stock forecast: REGN jumped 13.33% after a big Q3 beat driven by full Dupixent profits, with $930.46 the next test and RSI overbought.

TradingKey - In pre-market trading on November 2 ET, futures on the three major US stock indexes rose across the board. As of press time, Dow futures were up about 0.61%, S&P 500 futures rose around 0.54%, and Nasdaq 100 futures advanced roughly 0.87%.

TradingKey - SpaceX (SPCX) shares rose over 3% in US pre-market trading on Monday, as market attention focused on founder Elon Musk's latest forecast regarding the prospects of space data centers.

TradingKey - Rivian stock forecast: RIVN jumps 6.20% off $11.37 support after a Q3 beat and raised delivery guide, but still trades below its 50-day and 100-day EMAs.

TradingKey - Sandisk stock forecast: SNDK fell 13.5% and broke triangle support after Kioxia warned NAND price growth is fading, despite a beat and 8-for-1 split.

TradingKey - Palantir (PLTR) will report its third-quarter 2026 financial results after the US market close on November 2.

TradingKey - On November 2, Eastern Time, memory chip stocks showed divergent performance. Japanese memory chipmaker Kioxia closed down by about 15.8% in the Tokyo market. However, in subsequent U.S. pre-market trading, memory stocks rallied across the board. As of press time, Micron Technology (MU) rose over 2%, SanDisk (SNDK) gained more than 3%, the DRAM ETF (DRAM) jumped over 4%, and SK Hynix (SKHY) climbed nearly 5%.

TradingKey - Coinbase stock forecast: COIN fell 10.6% to test $139.33 support after the record Binance hack and a 44% drop in Q3 transaction revenue.

TradingKey - Advanced Micro Devices (AMD) will release its third-quarter 2026 financial results after the US market close on November 3, Eastern Time, and host an earnings conference call at 5:00 p.m. ET on the same day.

TradingKey - Palantir (PLTR) will report its third-quarter fiscal 2026 financial results after the market close on November 2, US Eastern Time, and hold a conference call at 17:00 on the same day.

Asian equities diverged between Japan and South Korea, as the KOSPI staged a major comeback to close up 2.24%, while Kioxia plummeted 15.78%, weighing on the Nikkei 225 Index.

TradingKey - Apple (AAPL) will report its fourth-quarter fiscal 2026 financial results after the US market close on November 2, Eastern Time, and host an earnings call at 5:00 p.m. ET. This is not only a critical window for the market to evaluate iPhone demand and profit margins, but also marks the first time John Ternus will host Apple's earnings call after taking over as chief executive officer.

WTI crude oil plunged nearly 2% as the U.S. and Iran plan to resume negotiations to ease geopolitical tensions, with technicals pointing to a potential deep correction of 20%.

Heavy selling pressure breached Kioxia's support levels, sending its stock price down more than 15% in a single day to hit a new low since May of this year.

As the U.S. midterm elections approach, the three major U.S. stock indexes and the Philadelphia Semiconductor Index collectively suffered a sharp decline.