TradingKey

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.

Following the announcement of its acquisition of Lumentum (LITE), Marvell Technology (MRVL) has seen its shares pull back by more than 30% cumulatively, closing at $171.41 on November 2. The high acquisition price, equity dilution, and lengthy closing timeline have unsettled investors, but Morgan Stanley believes the market sell-off may be overdone.

Ahead of the US midterm elections, the commercial relationship between SpaceX (SPCX) and the government has once again come into focus. US President Donald Trump stated on The New York Post podcast "Pod Force One" that if Democrats gain control of Congress and push for investigations targeting Elon Musk and associated individuals, he would consider granting pardons if necessary to protect them.

In early U.S. trading on November 3, Eastern Time, tech stocks rebounded strongly, with the Nasdaq Composite Index poised to end a three-session losing streak. As the U.S. midterm elections took place on the same day, investors focused on which party would gain control of Congress and whether institutional capital would re-increase equity allocations once election uncertainty recedes.

TradingKey - On November 3, Shopify (SHOP) shares fell over 17% in pre-market trading at one point after the company announced its third-quarter 2026 financial results. The company reported quarterly revenue of $3.742 billion, up 32% year-over-year, slightly missing market expectations of $3.75 billion.

TradingKey - As of press time on November 3, Eastern Time, cybersecurity company CrowdStrike (CRWD) gained 0.78% in pre-market trading to $243.7. The company announced on the same day that it has signed definitive acquisition agreements with AI security companies Fiddler AI and Dreadnode, respectively.

TradingKey - On November 3, Eastern Time, futures tied to the three major U.S. stock indexes traded mixed. As of press time, Dow futures fell 0.79%, S&P 500 futures dropped 0.14%, and Nasdaq 100 futures rose 0.27%.

TradingKey - On November 3, AMD (AMD) rose over 2% in pre-market trading, with its stock price rebounding to near $478. The company will report its third-quarter 2026 financial results after the U.S. market close on Tuesday and host an earnings conference call at 5:00 p.m. ET.

TradingKey - Oracle stock forecast: ORCL fell 8.76% after a $20 billion stock and bond raise used its full funding cap, with $114.15 support next in focus.

TradingKey - Marvell stock forecast: MRVL fell 12.72% to test $168.81 Fibonacci support after its $115 billion all-stock Lumentum deal drew two downgrades.

TradingKey - Palantir (PLTR) beat market expectations across the board with its third-quarter results, yet its stock suffered a sell-off following the earnings release. In US pre-market trading on November 3, the company's shares fell nearly 8%.

TradingKey - Palantir stock forecast: PLTR fell toward $169.90 overnight as 6% growth in new contract value overshadowed 96% revenue growth and a raised 2026 guide.

TradingKey - Qualcomm (QCOM) will report its fourth-quarter and full-year fiscal 2026 financial results after the U.S. market close on November 4, Eastern Time, and hold a conference call at 4:45 p.m. ET on the same day.

TradingKey - As of press time on November 3, Eastern Time, Apple (AAPL) dropped 4.52% in pre-market trading to $323.02, hitting a near one-month low.