Yulia Zeng

TradingKey - Shares of Micron Technology (MU) fell 3.88% on Monday to close at $989.04, declining for a third consecutive trading day and breaking below the $1,000 mark. Technological advances by Chinese memory chipmaker ChangXin Memory Technologies, coupled with market concerns over future memory pricing trends, are putting fresh pressure on the industry.

TradingKey - On October 13, Japanese and South Korean stock markets weakened in tandem during early trading, with losses in South Korea expanding further. The Korea Composite Stock Price Index (KOSPI) opened down 3.10% at 6,186.08 points, subsequently extending its decline to 4.37% at 6,105.50 points; Japan's Nikkei 225 Index (N225) opened 0.68% lower at 68,564.85 points, later widening its loss to 1.86% at 67,745.61 points.

TradingKey - ASML (ASML) will report its third-quarter fiscal 2026 financial results on October 14. As a key global supplier of extreme ultraviolet (EUV) lithography equipment, the company is benefiting from demand for advanced chips driven by the expansion of artificial intelligence infrastructure.

TradingKey - On October 12, South Korean stocks fell sharply, with the benchmark KOSPI Index closing down 3.65% at 6,384.25 points, falling below the key 6,400-point mark. Japanese stock markets were closed today for a public holiday.

TradingKey - On October 12, gold (XAUUSD) prices rose slightly, continuing to hold above $4,200 per ounce. In the previous week, gold gained a cumulative 1.3%. A retreat in oil prices and a decline in long-term U.S. Treasury yields eased some market concerns over further interest rate hikes, providing support for gold.

TradingKey - Amazon (AMZN) is seeking to further expand its footprint in the AI infrastructure space by acquiring artificial intelligence startup Decart. According to a Wall Street Journal report citing people familiar with the matter, the two parties are in acquisition talks that could value the deal at $7 billion.

TradingKey - On October 12, South Korean stocks weakened in early trade, with the Korea Composite Stock Price Index (KOSPI) opening down 0.72% at 6,578.17 points, before extending its loss to 1.35% at 6,536.77 points. Japanese stock markets were closed for a public holiday.

TradingKey - Apple Inc. (AAPL) is set to enter a busy product launch cycle in October. Following the release of its next-generation iPhones in September, Apple plans to hold a smart home-themed event on October 13 and is reportedly scheduled to introduce a touchscreen MacBook Pro, an OLED iPad mini, as well as M6-powered MacBook Pro and iMac models around October 27.

TradingKey - According to a report by Puck News on Friday citing people familiar with the matter, Netflix (NFLX) plans to lay off approximately 5% of its workforce. The plan has not yet been officially announced, and a Netflix spokesperson declined to comment. The exact scale of the layoffs and the affected departments remain to be confirmed.

TradingKey - Oracle's (ORCL) AI infrastructure expansion is facing a new test. As several large-scale data center projects encounter power supply bottlenecks, the cloud computing revenue the company hoped to monetize quickly may be delayed, while the upfront financing costs and debt servicing pressures will not disappear as a result.

TradingKey - Tensions in the Middle East remain high, putting global energy supplies to the test once again. However, Trump subsequently announced positive progress in a phone call with Russian President Vladimir Putin, stating that Russia will supply additional diesel to the U.S. and global markets, which narrowed the gains in energy markets.

TradingKey - Micron Technology (MU) is significantly stepping up its shareholder returns. The company disclosed in its latest 10-K filing that its Board of Directors has approved an expansion of its share repurchase program, increasing the maximum authorized amount for discretionary common stock buybacks to $35.16 billion, effective December 9, 2026.

TradingKey - On October 9, U.S. optical communications stocks generally rose in pre-market trading, with Applied Optoelectronics (AAOI) rising over 5%, Lumentum (LITE) up over 4%, and MaxLinear (MXL), Coherent (COHR), and AXT (AXTI) all gaining more than 3%. The main catalyst behind the sector's strength came from the latest remarks by optical communications leader Lumentum. The company's CEO, Michael Hurlston, stated that driven by demand for AI data center construction, its optical component capacity has been booked by customers through early 2029.

TradingKey - On Thursday, SpaceX announced an agreement with investment firm Grain Management to acquire 800MHz spectrum assets covering the U.S. market, involving up to 14MHz of paired spectrum. Following the announcement, shares of AT&T (T), Verizon (VZ), and T-Mobile US (TMUS) all dropped more than 7% in after-hours trading, while Comcast (CMCSA) also weakened.

TradingKey - On October 9, Japanese stocks closed slightly lower, with the Nikkei 225 Index falling 11.19 points, or 0.02%, to 69,030.92. South Korean markets were closed for a holiday, with no trading conducted on the day.

TradingKey - SpaceX (SPCX) announced an agreement with investment firm Grain Management to acquire its portfolio of nationwide 800MHz low-band spectrum licenses for approximately $8 billion in cash. Following the announcement, SpaceX shares rose about 2.3% in after-hours trading to $164.30, while shares of AT&T (T), Verizon (VZ), and T-Mobile US (TMUS) all fell by more than 6%.

TradingKey - According to the Financial Times, OpenAI recently informed investors that as of the end of September, its annualized revenue was close to $50 billion, about $20 billion lower than the $70 billion previously widely reported by the media.

TradingKey - On October 9, Japanese stocks weakened in morning trade, with the Nikkei 225 Index opening down 0.57% at 68,648.50 points before losses widened to 1.03% at 68,330.05 points. Meanwhile, South Korean stock markets were closed for a holiday, with no trading taking place for the day.

TradingKey - Against the backdrop of TSMC's long-standing dominance in the advanced process market, Intel (INTC) is attempting to return to the center of competition through Intel 18A.

TradingKey - In the US stock market, Coherent (COHR), Lumentum (LITE), Credo Technology (CRDO), Applied Optoelectronics (AAOI), and Ciena (CIEN) are currently representative AI high-speed interconnect stocks.