Analysis

The KOSPI Index surged nearly 5%, with extremely intense buying pressure prompting the Korea Exchange to trigger its Sidecar mechanism to suspend program buy orders.

TradingKey - On October 27, gold prices (XAUUSD) extended their rebound from recent lows, holding firmly above $4,000 and currently trading near $4,015. Gold had dropped to around $3,975 last week, touching its lowest level since July; however, with oil prices retreating from their highs and dip-buying re-emerging, gold has seen a short-term recovery.

TradingKey - On October 26, Eastern Time, the three major U.S. stock indices gained across the board. Anthropic's public disclosure of its IPO filing reignited market attention on the AI industry, with tech stocks serving as the primary driver behind the broader market rebound. Meanwhile, internatio

Japanese and South Korean chip stocks staged a major recovery, with the KOSPI and Samsung Electronics surging over 4%, SK Hynix and SoftBank jumping more than 6%, and Kioxia soaring nearly 8%.

Morgan Stanley's chief U.S. equity strategist Mike Wilson maintains his target of 8,000 for the S&P 500 by year-end, but believes the index could still pull back to 7,100–7,200 in the short term. The semiconductor sector may decline by another 10% to 15%, with the correction expected to end by mid-November. Based on Morgan Stanley's projections, the PHLX Semiconductor Index could drop to around 9,500 points.

On Monday, October 26, Eastern Time, U.S. stocks moved higher, led by gains in semiconductor and other AI-related shares. Anthropic publicly filed for an IPO and disclosed a sharp increase in first-half revenue, reigniting sentiment around AI trades that had recently been under pressure.

Microsoft (MSFT) announced on Monday that it is offering voluntary severance packages to select employees in the United States, Canada, India, and the United Kingdom, with approximately 60,000 workers eligible, representing roughly 27% of its global workforce. Amid heavy investments in AI infrastructure, Microsoft is controlling costs through workforce adjustments to preserve financial flexibility for its business transformation.

On October 26, Eastern Time, Tesla (TSLA) shares rose over 6%, reaching an intraday high of $396.96, their highest level since July 13. Yorkville Ives & Co. analyst Dan Ives stated today that if Tesla merges with SpaceX (SPCX), Tesla's trading valuation could exceed $500 per share. He estimates an 80% to 90% probability of the two parties reaching a deal by the end of 2027.

According to Anthropic's S-1 prospectus filed on October 26, the company recorded a net loss of $80.748 billion in the first half of 2026. Of this total, $72.388 billion stemmed from the "change in fair value of convertible notes, derivative liabilities, and SAFEs," accounting for approximately 89.6% of the net loss. This loss was primarily driven by a significant increase in the value of conversion rights attached to early-stage financing instruments following a rise in the company's valuation.

TradingKey - On October 26, Eastern Time, artificial intelligence company Anthropic publicly filed its initial public offering (IPO) registration statement, planning to list on the Nasdaq Global Select Market under the ticker symbol "ANT".

TradingKey - Google parent company Alphabet (GOOGL) will report its third-quarter 2026 financial results after the market close on October 28, Eastern Time, but its stock price remains under pressure ahead of the release. GOOGL last closed at $320.21, falling to a near three-month low, not only breaching the $330 level but also breaking below both its 20-day and 60-day moving averages.

TradingKey - On October 26, Eastern Time, Brazilian President Lula defeated Flávio Bolsonaro in the second round of the presidential election, securing a fourth non-consecutive presidential term. Following the announcement of the election results, Brazilian assets suffered a sharp sell-off in US pre-market trading.

TradingKey - Meta Platforms (META) rose over 2% in US pre-market trading, after falling more than 4% earlier, as the market digests the company's newly announced large-scale financing plan.

TradingKey - In pre-market trading on October 26, Eastern Time, the three major U.S. stock index futures rose slightly. As of press time, Dow futures were up 0.29%, S&P 500 futures gained 0.16%, and Nasdaq 100 futures advanced 0.23%.

TradingKey - Bloom Energy stock forecast: BE falls 19% in two days despite a record Q3 and higher guidance, as negative cash flow puts $158.63 support firmly in view.

TradingKey - Alphabet (GOOGL) will report its third-quarter 2026 earnings after the U.S. market close on October 28. As demand for AI infrastructure continues to grow, Google Cloud is becoming a new growth engine for the company, but capital expenditures driven by data centers, servers, and custom chips are also climbing rapidly.

TradingKey - Palo Alto Networks stock forecast: PANW jumps 7% toward $387.09 resistance, but guidance shows NGS ARR growth slowing from 63% to about 22% next year.

TradingKey - On October 28, Eastern Time, Oracle (ORCL) will host an Investor Day during Oracle AI World.

TradingKey - Moderna stock forecast: MRNA falls 19% in two days despite positive melanoma vaccine data, with $181.36 support now deciding whether the uptrend holds.

TradingKey - Tesla (TSLA) rose over 2% in US pre-market trading to $380.45. Barclays (BCS) upgraded Tesla from "Neutral" to "Overweight" and raised its price target from $370 to $450, representing an upside of about 21% over the current share price.