Analysis

Starknet plans to upgrade its L1 mainnet to bolster quantum resistance, spurring a 40% single-day surge in its token STRK and strongly leading the broader market.

Cryptocurrencies came under broad-based pressure and declined, with Bitcoin pulling back for a fourth consecutive session of losses, launching a full-scale battle to defend the $80,000 mark.

TradingKey - SpaceX (SPCX) announced an agreement with investment firm Grain Management to acquire its portfolio of nationwide 800MHz low-band spectrum licenses for approximately $8 billion in cash. Following the announcement, SpaceX shares rose about 2.3% in after-hours trading to $164.30, while shares of AT&T (T), Verizon (VZ), and T-Mobile US (TMUS) all fell by more than 6%.

TradingKey - On October 8, Eastern Time, Applied Optoelectronics (AAOI) closed down 13.58% at $105.90, hitting an intraday low of $104.88, with a daily trading volume of approximately 19.42 million shares.

TradingKey - On October 8 Eastern Time, Reuters reported that Firmus, an AI infrastructure company backed by Nvidia (NVDA), announced the withdrawal of its listing application on the Australian Securities Exchange and a shift toward private financing.

TradingKey - According to the Financial Times, OpenAI recently informed investors that as of the end of September, its annualized revenue was close to $50 billion, about $20 billion lower than the $70 billion previously widely reported by the media.

TradingKey - On October 8, Eastern Time, the three major U.S. stock indices posted mixed results. A decline in tech stocks dragged down the S&P 500 and the Nasdaq Composite, causing them to close lower for the second consecutive trading day, while the Dow Jones Industrial Average rose slightly.

TradingKey - On October 9, Japanese stocks weakened in morning trade, with the Nikkei 225 Index opening down 0.57% at 68,648.50 points before losses widened to 1.03% at 68,330.05 points. Meanwhile, South Korean stock markets were closed for a holiday, with no trading taking place for the day.

OpenAI's annualized revenue came in $20 billion lower than previously reported, dampening market trading sentiment as US stocks ended mixed. Tech and AI hardware stocks faced a sell-off. At the close, the Dow Jones Industrial Average rose 0.10% to 51,231.64 points, the Nasdaq Composite Index fell 1.25% to 27,193.34 points, and the S&P 500 Index dropped 0.47% to 7,765.36 points.

With the launch of personal AI agent applications such as Meta Muse, market expectations for server CPU demand continue to build. Mizuho raised its price target on AMD from $580 to $705, while Citi raised its target to $800, viewing AMD (AMD) as poised to be a primary beneficiary of the new round of CPU demand expansion.

On October 8 (ET), AI hardware stocks suffered broad losses, with the Philadelphia Semiconductor Index falling more than 3%. Although AI infrastructure investment continues to expand, earnings prospects among hardware companies are diverging, and the narrative of "continued growth in AI demand" may not be sufficient to support further upside in stock prices.

On October 8, Eastern Time, Starbucks (SBUX) shares fell over 5% during intraday trading. One of the key market focuses was reports that Starbucks is in talks to acquire Chipotle (CMG).

TradingKey - Caterpillar heads into October 29 earnings with record Q2 revenue, a $72 billion backlog and strong Power & Energy demand tied partly to data centers.

The latest financial disclosure document released by US President Donald Trump shows that accounts under his name executed 517 securities transactions in August. The total value of these transactions ranged from approximately $74.3 million to $273.3 million, with the largest single trade being a purchase of Meta shares worth between $5 million and $25 million.

TradingKey - Amazon enters October with AWS growing 37%, a $220 billion capex plan and stronger retail and advertising margins, while AI spending keeps free cash flow under pressure.

TradingKey - Pre-market on October 8 ET, Goldman Sachs analyst Gabriela Borges upgraded Palantir (PLTR) to Buy, setting a price target of $230. Based on the closing price of $194.12 on October 7, this target price implies a potential upside of approximately 18.5%.

TSMC faced selling pressure as positive catalysts were fully priced in, with its stock price falling below the $470 mark. Will it continue to decline?

TradingKey - Netflix heads into October 20 earnings with a fresh Disney licensing deal, a $3 billion ad target and live-programming growth in focus.

TradingKey - On October 8, international oil prices surged in intra-day trading, with both WTI (USOIL) crude and Brent (UKOIL) crude rising by over 5% at one point. Escalating shipping security risks in the Middle East, combined with the suspension of some crude production in the U.S. Gulf of Mexico due to a hurricane, heightened supply-side uncertainties and drove oil prices rapidly higher.

TradingKey - Amgen enters October with fresh Phase 3 pipeline wins, strong growth from Repatha and Imdelltra, and MariTide advancing across a broad obesity program.