Analysis

Selling pressure on tech stocks re-emerged as memory chip stocks tumbled in unison, with SK Hynix plunging 3%.

TradingKey - Rocket Lab stock forecast: RKLB tests $55 support after Neutron slips to 2027, while the $8 billion Iridium deal raises financing risk before Q3 results.

SpaceX has overcome Bromo-related headwinds, with its stock price strongly reclaiming the $150 mark and potentially rising toward its previous high of $170.

TradingKey - As of the close on October 15, Eastern Time, Micron (MU) snapped a five-day losing streak, closing up 1.87% at $931.24. The stock dropped to an intraday low of $858 before rapidly rebounding to near $931, with a trading volume of approximately 39.1 million shares. Technical analysis indicates that the head-and-shoulders bottom pattern remains intact, suggesting that Micron's stock price is expected to stabilize and rebound.

Filecoin benefited from a dual catalyst as the completion of genesis token vesting and support from AI Agents drove FIL up by over 10%.

TradingKey - Anthropic’s credit rating has surfaced for the first time. According to documents reviewed by the Financial Times, credit rating agency Kroll Bond Rating Agency (KBRA) assigned Anthropic a "BB+" rating with a stable outlook in June this year. This represents the highest tier within the speculative-grade category, standing just one notch below the investment-grade threshold.

TradingKey - Dell stock forecast: DELL tests $452 support after a 17% two-day drop on a Barclays downgrade, while a $95 billion AI backlog keeps the bull case alive.

TradingKey - As of the European session on October 16, gold prices (XAUUSD) extended their rebound, trading near $4,185, up about 0.4% on the day. Gold had previously fallen to around $4,073 before staging a continuous recovery. Yesterday, both US PPI and retail sales data came in above market expectations, but the US dollar and US Treasury yields failed to push higher and instead retreated, providing support for gold.

TradingKey - CoreWeave shares plunged about 15% on Wednesday, and its corporate bond prices fell in tandem, as the market feared that high interest rates and massive debt could weaken its ability to continue expanding AI data centers. Nvidia CEO Jensen Huang stated publicly in Stockholm on Thursday that CoreWeave is growing stronger, its cost of capital has actually declined, and Nvidia has no need to provide a financial backstop for the company.

Bitcoin has strongly reclaimed the $80,000 mark. With its bullish structure remaining intact, it still has the potential to rise to $87,000.

TradingKey - Airbus, Italy's Leonardo, and France's Thales are advancing a space business consolidation plan codenamed "Project Bromo."

TradingKey - Tesla stock forecast: TSLA defends $355 support after a Q3 delivery beat, but margins, cash flow and robotaxi scrutiny decide the October 21 earnings test.

TradingKey - On October 16, Japanese and South Korean stock markets rebounded following a sharp recent correction. Japan's Nikkei 225 Index closed up 1.39% at 65,324.24 points, but fell 5.37% for the week, marking its largest weekly decline since July 17. South Korea's KOSPI index gained 2.05% to close at 5,668.06 points, but dropped 14.46% on the week, recording its biggest weekly drop since October 2008.

The Roadster launch event sparked buying interest, sending Tesla shares up by more than 3%, but the likelihood of a direct breakthrough above the $400 mark remains low.

TradingKey - On October 15, Eastern Time, Tesla (TSLA) unveiled and demonstrated the next-generation Roadster in Waco, Texas. Repeatedly delayed since its initial announcement in 2017, the vehicle was demonstrated on-site performing maneuvers such as briefly holding position on an inverted ramp using a fan suction system, executing mid-air flips with cold-air thrusters, and jumping over Tesla's entire vehicle lineup. Tesla stated that mass production of the new car is planned to begin in 2028. Unveiling [Source: Tesla official website] The new Roadster features a two-seater sports car design. The event revealed that the vehicle is equipped with a steer-by-wire system and showcased a cold-air thruster mechanism related to SpaceX technology. The vehicle completed a brief off-ground demonstration in a controlled environment. Live demonstrations showed that the Roadster accelerates from 0 to 60 mph in approximately 0.81 seconds. However, this figure stems from an on-site demonstration rather than a full production performance test.

TradingKey - Expectations of Federal Reserve rate hikes, rising financing costs for AI projects, and intensifying competition in memory chips simultaneously hit global tech stocks this week. As of Thursday, the world's 20 largest AI and semiconductor companies by market capitalization had collectively wiped out over $1 trillion in market value, with the chip sector becoming the hardest-hit area in this round of adjustment.

TradingKey - Rumors of a merger between SpaceX (SPCX) and Tesla (TSLA) are heating up. In a recent report, Barclays (BCS) analyst Dan Levy stated that the two companies could announce a merger ahead of Tesla's 2026 annual shareholder meeting. Based on regulatory timing requirements, the meeting is expected to take place no later than December 6.

TradingKey - On October 15, Eastern Time, U.S. September PPI data posted its largest monthly and annual gains since 2022, prompting investors to shift from AI tech stocks to defensive sectors, which drove U.S. stock markets higher.

TradingKey - On October 16, Japanese and South Korean stock markets rebounded in early trading, with both opening slightly higher. South Korea's KOSPI Index opened 1.8% higher at 5,653.99 points and was later up 1.77% at 5,652.51 points; Japan's Nikkei 225 Index opened 0.78% higher at 64,925.29 points, with gains subsequently expanding to 0.94% at 65,029.45 points.

U.S. stocks rose as PPI data recorded its largest monthly and annual gains since 2022, with investors shifting from AI tech stocks to defensive sectors. Defensive sectors such as consumer and pharmaceutical stocks led the gains, while some tech stocks rebounded. At the close, the Dow Jones Industrial Average rose 1.08% to 52,177.69; the Nasdaq Composite Index gained 0.08% to 26,713.03; and the S&P 500 Index advanced 0.33% to 7,744.06.