Analysis

TradingKey - Meta (META) reported its third-quarter 2026 financial results after the market close on Wednesday, while announcing the creation of non-voting Class C common stock and a 2-for-1 stock split executed in the form of a stock dividend. This special equity arrangement will provide Meta with a new financing tool for future artificial intelligence investments without weakening Chief Executive Officer Mark Zuckerberg's control over the company.

TradingKey - Labor disputes at Micron Technology (MU) in Taiwan have diverged. On October 21 local time, the union at Micron's Taichung plant reached a consensus with the company on multiple issues and signed a labor agreement, with both sides agreeing to withdraw from the mediation proceedings originally scheduled for October 22. However, negotiations between the company and the union at the Taoyuan plant failed to reach an agreement. The Taoyuan union launched a 24-hour strike at 9:00 a.m. on October 22, which is expected to last until 9:00 a.m. on October 23.

TradingKey - Divide the gold price by consumer prices, and you get a real price that shows where today’s gold sits in fifty years of history, and what that implies for the next decade of returns.

TradingKey - According to Yahoo Finance, citing three people familiar with the matter, Anthropic could publicly file its IPO registration documents as early as this Friday, clearing a major procedural hurdle for its listing plan targeted for as early as November.

TradingKey - On Wednesday, October 21 (Eastern Time), the three major U.S. stock indices all closed higher. SpaceX (SPCX) beat expectations with its third-quarter earnings, and news of its discussions with Tesla(TSLA) regarding a potential merger took center stage; Supermicro’s upward revision of it

TradingKey - On October 22, Japanese and South Korean stock markets diverged in early trading, as Japanese equities turned from losses to gains while South Korean equities gradually narrowed their declines. Japan's Nikkei 225 Index opened down 0.13% at 64,539.36 points before rising 0.22% to 64,764.54 points; South Korea's KOSPI Index opened down 1.1% at 5,670.11 points, with its decline later narrowing to 0.06% at 5,732.23 points.

Tesla (TSLA) reported its third-quarter 2026 financial results, with revenue coming in slightly above market expectations and automotive gross margin improving, though higher operating expenses such as R&D weighed on profits. Meanwhile, the company disclosed that the Cybercab has joined its Austin Robotaxi fleet and Optimus has entered production.

Meta Platforms (META) saw its stock jump over 4% after releasing its third-quarter 2026 earnings report on October 21 Eastern Time. As of press time, the gain had narrowed to 2.86%, with the stock trading at $717.47. During the period, Meta's advertising business achieved gains in both volume and pricing, driving revenue above market expectations, though litigation costs weighed on operating profit. The company also narrowed its full-year capital expenditure guidance range. In the third quarter, Meta reported revenue of $64.601 billion, up 26% year-over-year and beating market expectations of $63.2 billion; on a constant currency basis, revenue also grew 26%.

On Wednesday, October 21, Eastern Time, tech stocks rallied, driving the three major U.S. stock indices higher. SpaceX's third-quarter financial results and news of its merger discussions with Tesla became the market focus, while AI-related stocks rebounded in tandem. At the close, the Dow Jones Industrial Average rose 0.69% to 52,856.09, the Nasdaq Composite Index gained 1.05% to 26,702.86, and the S&P 500 Index advanced 0.58% to 7,757.17.

Two severe security vulnerabilities were reported in the PHP programming language, causing multiple European government and public sector websites to be preemptively taken offline on Wednesday as operators rushed to patch systems. As demand for cybersecurity protection gained heightened attention, cybersecurity and related software stocks rallied across the board.

Following Elon Musk's disclosure that SpaceX (SPCX) and Tesla (TSLA) have each established special committees to discuss a potential merger, JPMorgan stated that a combination of the two companies still holds strong strategic rationale. Regarding the deal structure, JPMorgan expects that the potential merger would likely be led by SpaceX and structured as an all-stock transaction. The bank noted that SpaceX is currently valued at approximately $2 trillion, up about 10% from its initial public offering, with its elevated equity valuation providing favorable conditions to execute an acquisition through stock issuance.

On October 21, Nvidia (NVDA) CEO Jensen Huang introduced new developments in AI infrastructure, enterprise AI agents, and robotics at the GTC conference in Berlin, stating that Vera Rubin has entered full production. The announcements focused on compute deployment and application development, aiming to drive enterprises to deploy AI into practical business operations.

TradingKey - As of pre-market trading on October 21 Eastern Time, SMCI (SMCI) shares surged over 13% in pre-market, rising above $35 following the release of the company's preliminary first-quarter fiscal 2027 performance update, and are poised to move toward the $40 mark.

As IBM's earnings report approaches, mounting risk aversion is putting downward pressure on its stock price, which is approaching $240 and could decline further toward the key $200 mark.

TradingKey - Super Micro stock forecast: SMCI jumps premarket after preliminary Q1 revenue of up to $19.5 billion beat its own guide, with $37.89 the key level to clear.

TradingKey - On Wednesday (October 21) Eastern Time, U.S. stock index futures were mixed in pre-market trading. Strong earnings from SpaceX (SPCX) and AI server companies boosted sentiment in tech stocks, but oil prices nearing $100 again and rising overseas inflation limited the broader market's upside.

Nvidia announced a series of positive AI updates at GTC Berlin, driving its stock price to halt its decline and rebound, with the potential to continue rising and challenge all-time highs.

TradingKey - SpaceX stock forecast: SPCX trades higher premarket after a 161% revenue jump and a $33 billion to $37 billion Q1 guide. SPCX now needs a close above $154.36.

TradingKey - Micron Technology (MU) has seen new developments in its labor dispute with the local union in Taiwan regarding the strike originally scheduled for October 22.

TradingKey - Netflix stock forecast: NFLX heads for $65.52 support after a soft Q4 guide and a $300 million ad revenue cut overshadow a Q3 earnings beat.