Analysis

TradingKey - This Thursday (October 29), the U.S. will release the September Personal Consumption Expenditures (PCE) price index. However, because the PCE data will be published after the Federal Reserve's October interest rate decision, this release will not affect the outcome of the October meeting, but it may serve as an important basis for the market to judge whether the Fed will raise rates again in December.

TradingKey - Samsung Electronics will release its detailed financial results for the third quarter of 2026 on October 29. Preliminary figures previously released by the company show that third-quarter revenue is expected to reach 195 trillion won (approximately $145.7 billion), up 126.6% year-on-year, while operating profit is projected at 107.4 trillion won, surging 782.5% year-on-year. If confirmed by the final figures, Samsung Electronics' quarterly operating profit will surpass 100 trillion won for the first time, marking the fourth consecutive quarter of record-breaking financial performance.

The KOSPI surged 6.63%, breaching the 6,000-point mark, as SK Hynix rallied 11%, Kioxia soared nearly 14%, and Samsung and SoftBank joined the rally.

TradingKey - Intel (INTC) will report its third-quarter FY2026 financial results after the market close on October 29 Eastern Time and host an earnings conference call at 2:00 p.m. ET on the same day.

TradingKey - OpenAI is seeking to expand its sources of AI computing power. According to a Tuesday report by The Information citing people familiar with the matter, the ChatGPT developer plans to procure artificial intelligence chips from Google (GOOGL) to meet its model training and operational needs and reduce its reliance on a single chip supplier.

TradingKey - As of the close on October 27 Eastern Time, boosted by positive news surrounding Anthropic's $63 billion AI infrastructure financing, Broadcom (AVGO) shares rose 4% to close at $342.33, after touching an intraday high of $345.67, marking its second consecutive day of gains following a 2.33% rise in the previous trading session.

SoftBank has partnered with five Japanese companies to deploy quantum computing platforms, attracting aggressive capital inflows and sending its stock price surging by more than 4%.

TradingKey - On October 28, South Korean semiconductor stocks rose sharply in intraday trading, with Samsung Electronics and SK Hynix leading the South Korean stock market. SK Hynix's latest third-quarter results hit a record high, while its announcement of a massive shareholder return plan further boosted the performance of the memory chip sector.

TradingKey - As of the market close on October 27 Eastern Time, Boeing (BA) shares fell sharply following its earnings release, dropping 10.69% on the day to close at $168.18, after touching an intraday low of $167.41—its lowest level since May 2025. Trading volume surged to approximately 47.27 million shares, significantly above its recent average. The earnings report showed that while Boeing's third-quarter revenue continued to grow and free cash flow remained positive, the pace of its 737 production ramp-up and future cash flow guidance fell short of market expectations, serving as the main drivers of the post-earnings decline.

The KOSPI Index surged over 5%, with extremely intense buying momentum prompting the Korea Exchange to trigger the Sidecar mechanism again to suspend program buying.

SK Hynix reported a record-breaking Q3 operating profit while announcing a massive 100 trillion won (approximately $75 billion) shareholder return plan, sending its stock price surging 4%.

TradingKey - On October 27, Eastern Time, all three major U.S. stock indexes closed higher, with the Nasdaq and the S&P 500 gaining for the second consecutive trading day. AI-related stocks continued to lead the rally, while a $63 billion computing power financing deal involving Broadcom (AVGO) lift

The KOSPI surged over 3%, Kioxia jumped 4%, Samsung and SoftBank joined the rally, and SK Hynix unveiled a massive 100 trillion KRW in shareholder returns.

On Tuesday, October 27, Eastern Time, U.S. stocks moved higher, with chip stocks extending their rally to drive the Nasdaq to lead the gains. Amid falling oil prices, investors continued to assess a heavy slate of corporate earnings reports while focusing on the Federal Reserve's interest rate meeting. At the close, the Dow Jones Industrial Average rose 0.03% to 52,377.57 points; the Nasdaq Composite Index gained 1.18% to 26,477.81 points; and the S&P 500 Index advanced 0.60% to 7,722.60 points.

Ahead of its earnings release, Google (GOOGL) unveiled Genie 4, its next-generation AI world model, which allows users to create and modify explorable virtual environments via text prompts and, for the first time, generates synchronized audio and visuals. As this technology is slated to open to paid subscribers and developers, market focus is expanding from what the model can generate to the commercial opportunities it could bring to Google.

Cerebras (CBRS) shares jumped in short-term trading after the company and Oracle (ORCL) announced that Oracle Cloud Infrastructure will begin deploying Cerebras computing systems starting in the first half of 2027 and offer cloud services powered by the systems. Following OpenAI and Amazon's (AMZN) cloud business, Cerebras has secured another major client, providing further support to expand its commercial applications.

On October 27, Eastern Time, Boeing (BA) shares fell as much as 10% intraday following the release of its third-quarter 2026 earnings report, touching a low of $168.42, its lowest level since April 2025. Although growth in its defense and services segments drove a 4% year-over-year increase in revenue, turning operating profit positive and significantly narrowing its net loss, Boeing's commercial airplanes business remained unprofitable, and defense profits were boosted by gains from asset sales, leaving the sustainability of its earnings recovery still to be observed.

According to Bloomberg, citing people familiar with the matter, Meta's (META) expanded $25 billion common stock offering attracted demand approximately five times the amount available for subscription. Amid market concerns over excessive AI investment and rising financing costs, the transaction demonstrates that big tech's AI initiatives can still attract capital. For upstream suppliers, progress in customer fundraising helps lower the risk of delays in equipment procurement and construction projects due to insufficient funds.

On October 27, Eastern Time, expectations for AI capital expenditures and sustained increases in memory prices provided support for recently pressured memory stocks. As of press time, Western Digital (WDC) rose 6.08%, Seagate Technology (STX) gained 4.42%, SanDisk (SNDK) climbed 2.97%, Micron Technology (MU) advanced 1.00%, and SK Hynix (SKHY) added 0.99%.

TradingKey - Microsoft (MSFT) will report its first-quarter fiscal 2027 earnings after the market close on October 28, Eastern Time. As its stock price reclaims $530 and approaches record highs, this earnings report could determine whether Microsoft can sustain the rally driven by demand for Azure and artificial intelligence.