TradingKey

TradingKey - GE Vernova’s $9 billion Trench deal strengthens its grid strategy, but GEV needs a close above $949.31 to confirm recovery. Key risks and levels.

TradingKey - As of press time on November 4, Eastern Time, Oracle (ORCL) was down 1.36% in pre-market trading, standing at $124.47. According to the Financial Times, Oracle has canceled a five-year AI chip lease agreement with Tencent, valued at approximately $7 billion.

TradingKey - The results of the 2026 US midterm elections have reshaped the balance of power in Congress. With the Democratic Party winning control of both the House of Representatives and the Senate, the Trump administration's policy leeway over the next two years will be further constrained. The new Congress will take office in January 2027, and businesses under Elon Musk may face heightened scrutiny.

TradingKey - As the results of the 2026 US midterm elections continue to roll in, the Democratic Party has won control of the Senate and is close to securing a majority in the House of Representatives. While the shift in congressional power may strengthen checks and balances on the Trump administration, election-related uncertainty for financial markets is receding, and investors' focus will return to corporate earnings, interest rates, energy prices, and returns on artificial intelligence investments.

As Democrats sweep the US midterm elections, US stock futures plummeted in response. Market panic mounts over AI data centers facing severe regulatory scrutiny, triggering expectations of a bloodbath in AI stocks.

TradingKey - On November 4, gold prices (XAUUSD) rose sharply during the Asian trading session. As the Democratic Party won the U.S. midterm elections, the US Dollar Index and US Treasury yields weakened in tandem, pushing gold back above $4,000 to reach an intraday high near $4,029. Based on today's low of $3,919.85, the intraday rebound was close to $110.

The ballot counting for the U.S. midterm elections triggered a V-shaped reversal. South Korea's KOSPI Index surged against the trend, while the Nikkei pushed higher to recoup part of its losses, with SK Hynix, Samsung, SoftBank, and others narrowing their declines.

TradingKey - On October 26, Eastern Time, Anthropic publicly filed its IPO registration statement with the U.S. Securities and Exchange Commission (SEC) and submitted an amendment on November 2 to supplement its third-quarter financial data. The company plans to list on the Nasdaq Global Select Market under the ticker symbol "ANT".

TradingKey — The US is set to release its October ADP employment report this Wednesday. The market generally expects US private-sector job growth to slow compared to September, with current forecasts predicting an addition of approximately 67,000 to 69,000 jobs, down from 90,000 in September. With the US October non-farm payrolls report also scheduled for release this Friday, this ADP reading will serve as a key leading indicator for the market to assess the latest conditions in the labor market. Particularly following the Federal Reserve's decision to pause interest rate hikes at its October meeting, whether employment data remains resilient will influence market expectations regarding another rate hike in December.

TradingKey - Qualcomm (QCOM) will report its fourth-quarter and full-year fiscal 2026 financial results after the U.S. market close on November 4, with the earnings call scheduled for 4:45 p.m. Eastern Time. The market currently expects the company's fourth-quarter revenue to be approximately $10.14 billion, down 10% year-over-year, and adjusted earnings per share to be around $2.17, down nearly 28% year-over-year.

TradingKey - As of the close on November 3, Eastern Time, Western Digital (WDC) rose 2.59% to $347.35, after touching an intraday high of $359.98. Prior to this, WDC fell 7.41% and 7.52% on October 30 and November 2, respectively, with the stock price rapidly pulling back from around $395 to around $338, indicating strong short-term bearish momentum in the market. In after-hours trading of the previous session, WDC retreated again to around $332, down nearly 5%, showing that market downside momentum persists.

Regulatory concerns sparked by the Democrats gaining an edge in the election sent Bitcoin prices tumbling below $76,000, hitting a nearly two-month low.

Kioxia shares plunged over 13% in a single day, extending a four-day losing streak to hit a nearly six-month low, with key focus on the 10,000 yen mark.

TradingKey - On November 3, Eastern Time, AMD (AMD) shares moved significantly higher in after-hours trading following the release of its third-quarter 2026 financial results. At the close of the trading session, AMD shares were up 3.65% to end at $483.90, after reaching an intraday high of $497.40. Following the earnings announcement, the stock climbed further to around $508 in extended trading, representing a gain of 5.02%.

Super Micro Computer reported earnings that exceeded expectations, sending its stock price surging by as much as 12%, with technical analysis indicating over 30% further upside potential.

TradingKey - On November 3, the three major U.S. stock indices closed mixed. A rebound in semiconductor and mega-cap tech stocks helped the Nasdaq snap a three-day losing streak, while Apple fell under the weight of its margin guidance, dragging the Dow slightly lower. In after-hours trading, AMD (A

South Korea's KOSPI surged 3.07% in a strong V-shaped reversal, as Samsung Electronics and SK Hynix rallied more than 3%–5%, while Japanese stocks opened lower but found support from bargain hunting.

On November 3, Eastern Time, AMD (AMD) reported its third-quarter financial results for fiscal year 2026. Data center revenue nearly doubled, driving record total revenue for the group, while adjusted earnings per share beat market expectations. The company expects fourth-quarter revenue growth to accelerate further, but free cash flow for the quarter was significantly below expectations, leaving the conversion of profit growth into cash flow an area to watch.

On November 3 Eastern Time, US stocks diverged on Tuesday. A rebound in chip stocks drove the Nasdaq and S&P 500 higher, while a drop in Apple weighed on the Dow. Investors stepped back into tech stocks following recent pressure while awaiting the results of the US midterm elections. At the close, the Dow Jones Industrial Average fell 0.38% to 51,786.72; the Nasdaq Composite Index rose 0.83% to 25,372.01; and the S&P 500 Index gained 0.36% to 7,568.92.

SK Hynix's (SKHY) plans to build facilities in the United States are being affected by the progress of equipment approvals for its plants in China. According to Reuters, citing people familiar with the matter, the U.S. Department of Commerce has not yet approved export licenses for American chipmaking equipment needed for the expansion of the company's Dalian plant in China, creating uncertainty around its strategy to support U.S. investments through capacity growth in China.