Analysis

TradingKey - The union at Micron Technology's (MU) Taoyuan plant in Taiwan plans to launch a solidarity strike on October 22 to support the Taichung plant union, which is currently undergoing labor mediation with the company, and to demand that Micron present a concrete employee profit-sharing plan.

TradingKey - OpenAI is accelerating a new funding round, hoping to lock in institutional capital ahead of competitor Anthropic's expected listing in mid-November.

TradingKey - Solidigm, the enterprise storage subsidiary of SK Hynix (SKHY), is preparing for a U.S. IPO, but the listing plan has sparked concerns among parent company shareholders regarding equity dilution and valuation discounts.

TradingKey - Nvidia (NVDA)-backed data center developer Nscale is in talks with Anthropic over a compute supply agreement worth approximately $45 billion, with plans to expand the Monarch data center campus in West Virginia, U.S., for Anthropic.

TradingKey - U.S. stocks rebounded on Monday, October 19, following a sharp sell-off in AI infrastructure stocks last week, lifting the Nasdaq Composite and S&P 500.

TradingKey - On October 20, Japanese and South Korean stock markets both opened lower in morning trading, with South Korean stocks extending their decline. The South Korea Composite Stock Price Index (KOSPI) opened 0.60% lower at 5,733.57 points, later widening its drop to 2.20% at 5,641.21 points; Japan's Nikkei 225 Index (N225) opened 0.25% lower at 64,755.49 points, subsequently falling 0.77% to 64,415.21 points.

On October 19 ET, following last week's sell-off in AI infrastructure stocks, tech shares rebounded on Monday, driving the Nasdaq and the S&P 500 higher. Memory stocks led the gains, while chipmakers such as Intel and AMD also recovered. At the close, the Dow Jones Industrial Average fell 0.07% to 51,966.03; the Nasdaq Composite Index gained 1.11% to 26,430.89; and the S&P 500 Index rose 0.41% to 7,690.73.

On October 19, Eastern Time, Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) continued its recent strong momentum. As of the close on October 16, Berkshire's stock price was only about 1.6% away from its all-time high. Based on closing prices from October 2 to October 16, its Class A shares gained approximately 5.8%, while the Nasdaq Composite Index fell about 3.9% over the same period.

Morgan Stanley has named Amazon (AMZN) as a "Top Pick," raising its price target from $335 to $350. The firm believes the market has not yet fully reflected the growth potential and profitability of AWS.

On October 19, Eastern Time, shares of CoreWeave (CRWV) rebounded nearly 3% after Goldman Sachs upgraded its rating from "Neutral" to "Buy." However, at the same time, the firm lowered its price target from $139 to $106. Its core thesis is that the market may have overestimated financing pressures while underestimating the potential for improvement in returns on computing power investments.

On October 19, Eastern Time, following a sharp pullback in AI hardware stocks over the past two weeks, the sector staged a strong rebound in early trading today. Among them, SanDisk (SNDK) rose over 7%, Intel (INTC) gained more than 5%, Micron (MU) advanced over 4.3%, and the Philadelphia Semiconduc

Intel shares surged over 4%—will the $100 make-or-break level finally be breached this time?

TradingKey - At the close on Friday (October 16), the S&P 500 fell 1.09% to 7,659.44 points, down 1.95% for the week, primarily weighed down by a sell-off in AI-related tech stocks, rising financing costs, and a market reassessment of returns on AI capital expenditures. Heading into pre-market trading on October 19, US stocks rebounded, with S&P 500 futures rising by about 0.5% at one point. As the index approached 7,600 points again, Morgan Stanley's (MS) assessment that the current US stock market correction may be entering its late stage has drawn renewed attention.

Binance completed its 37th quarterly BNB burn, wiping out over 1.6 million tokens and significantly shrinking the circulating supply.

TradingKey - ExxonMobil stock forecast: XOM tests $179.17 after a breakout above $169.60, as a $4.5 billion refining boost and Brent near $110 set up October 30 results.

TradingKey - On Monday (October 19) Eastern Time, futures on the three major U.S. stock indexes were mixed in pre-market trading, with Nasdaq 100 Index futures leading the gains. AI, semiconductor, and memory stocks that suffered heavy sell-offs last week rebounded. Meanwhile, Trump's decision to pause the implementation of new sanctions targeting Russia and its energy trade helped pull back international oil prices and U.S. Treasury yields, improving risk appetite for growth stocks.

TradingKey - Intel stock forecast: INTC slips below its rising trendline after the Kiryat Gat blast and Terafab doubts, with bears eyeing $81.64 before October 29 earnings.

TradingKey - CoreWeave stock forecast: CRWV plunges into $60.57 support as bond yields top 16% and CDS hit records, overshadowing a $104 billion backlog.

TradingKey - On October 19, US memory and storage stocks rebounded collectively in pre-market trading. Following a continuous pullback last week, Micron Technology (MU), SanDisk (SNDK), Western Digital (WDC), and Seagate Technology (STX) all moved noticeably higher, with a broader recovery in tech stocks providing support for the sector.

TradingKey - On October 19, Seoul time, SK Hynix, the Korea Trade Insurance Corporation, KB Kookmin Bank, Shinhan Bank, Woori Bank, and Hana Bank signed an agreement in Yongin, Gyeonggi Province, to launch a 2 trillion won (approximately $1.5 billion) semiconductor supplier financing program, primarily supporting materials, parts, and equipment suppliers recommended by SK Hynix.