Analysis

TradingKey - On November 3, AMD (AMD) rose over 2% in pre-market trading, with its stock price rebounding to near $478. The company will report its third-quarter 2026 financial results after the U.S. market close on Tuesday and host an earnings conference call at 5:00 p.m. ET.

TradingKey - Oracle stock forecast: ORCL fell 8.76% after a $20 billion stock and bond raise used its full funding cap, with $114.15 support next in focus.

TradingKey - Marvell stock forecast: MRVL fell 12.72% to test $168.81 Fibonacci support after its $115 billion all-stock Lumentum deal drew two downgrades.

TradingKey - Palantir (PLTR) beat market expectations across the board with its third-quarter results, yet its stock suffered a sell-off following the earnings release. In US pre-market trading on November 3, the company's shares fell nearly 8%.

TradingKey - Palantir stock forecast: PLTR fell toward $169.90 overnight as 6% growth in new contract value overshadowed 96% revenue growth and a raised 2026 guide.

TradingKey - Qualcomm (QCOM) will report its fourth-quarter and full-year fiscal 2026 financial results after the U.S. market close on November 4, Eastern Time, and hold a conference call at 4:45 p.m. ET on the same day.

TradingKey - As of press time on November 3, Eastern Time, Apple (AAPL) dropped 4.52% in pre-market trading to $323.02, hitting a near one-month low.

TradingKey - Apple stock forecast: AAPL slides after hours as a record revenue guide is overshadowed by a 45% to 46% margin outlook on rising memory costs.

SpaceX has pulled back over 20% on the monthly chart, with bulls retreating to defend the $135 mark, potentially risking a test of the major $100 level.

TradingKey - As of the close on Monday (November 2) Eastern Time, SanDisk (SNDK) shares fell 6.59% to $1,075.08, after touching an intraday low of $1,067.40, while after-hours trading saw a slight rebound to around $1,090. Based on its current performance, SanDisk stock has declined for a seventh consecutive week, with a cumulative drop of over 40%.

TradingKey - On November 2, Eastern Time, Marvell Technology (MRVL) announced an all-stock acquisition of optical communications components manufacturer Lumentum Holdings (LITE), in a transaction with an enterprise value of approximately $115 billion.

TradingKey - Intel (INTC) shares extended a sharp correction. On the final trading day of October, the stock plunged 29%, marking its worst single-day performance since the 1970s, and logged a 45% cumulative decline for the month, its largest monthly drop on record. Entering November, selling pressure remained unabated, with the stock falling another 8% on the first trading day, reflecting that investor confidence in the company's short-term results and recovery prospects has yet to recover.

TradingKey - As of the close on Monday (November 2) Eastern Time, Micron (MU) fell 5.78% on the day to close at $833.59, touching an intraday low of $829.24 and coming within just a step of the $800 mark. Over the past three trading sessions, Micron has suffered consecutive losses, with its stock price retreating rapidly from $983.23 on October 28 to near $830, significantly widening the magnitude of its short-term correction.

As a wave of risk aversion erupted on the U.S. midterm election voting day, Japanese markets were closed, while the KOSPI plummeted 3.59% to fall below 5,700 points, and SK Hynix tumbled 5.71%.

TradingKey - Arm Holdings (ARM) will report its second-quarter fiscal 2027 financial results after the U.S. market close on November 4 (ET). As AI data centers continue to expand, market demand for Arm's processor architecture is extending from smartphones to cloud computing, servers, and AI infrastructure, bringing new growth opportunities for the company.

TradingKey - As of the close on Monday (November 2) Eastern Time, shares of Oracle (ORCL) dropped sharply by 8.76% to close at $119.22, touching an intraday low of $118.43, with trading volume rising to approximately 58.16 million shares. Since touching $148.48 intraday on October 28, ORCL has fallen for three consecutive trading days, representing a cumulative pullback of about 17.5%.

TradingKey - Super Micro Computer (SMCI) will release its first-quarter fiscal 2027 financial results after the market close on November 3, Eastern Time, and host a conference call at 5:00 p.m. on the same day.

With the US midterm elections underway, the crypto market declined by 2%, and BTC fell below $77,000.

TradingKey - As of the close on Monday (November 2) Eastern Time, Tesla (TSLA) shares rose again after three consecutive sessions of pullbacks, closing up 1% at $403.82 for the day after touching an intraday high of $414.23. In after-hours trading, the stock edged up further to around $405. Over the past two weeks, Tesla's stock price has rebounded significantly from its low of $349.33 on October 16, reclaiming the key $400 mark.

Heavy pre-earnings hedging sell-offs triggered a sharp drop of over 7% in AMD's stock price, with technicals suggesting a risk of a further 10% decline.