Analysis

TradingKey - In US pre-market trading on October 30 ET, the US memory sector extended its decline from the previous session. Although SanDisk's latest quarterly results beat market expectations, overall weakness in tech stocks and market concerns over returns on AI infrastructure investment continued to weigh on memory-related stocks.

TradingKey - Micron Technology (MU) shares came under pressure again, closing down nearly 5% at $934.27, with after-hours prices falling further to around $903. Compared with the record high of around $1,250 set in June, the stock has pulled back approximately 25%, as the strong rally previously fueled by AI memory demand has noticeably cooled.

The KOSPI plunged 5%, triggering a Sidecar mechanism to stabilize the market, while SK Hynix and Kioxia both tumbled 7%.

TradingKey - SanDisk (SNDK) delivered an earnings report that beat market expectations across the board after the U.S. market close on Thursday. Driven by the rapid growth in demand for AI data center storage, the company's first-quarter revenue, earnings, and next-quarter guidance all exceeded analyst forecasts. The company also announced an 8-for-1 stock split to lower the per-share trading price and enhance stock accessibility.

TradingKey - As of Friday's Asian session, gold prices (XAUUSD) were trading near $4,000, briefly falling below the $4,000 mark intraday to a low of $3,986.7 and extending losses from the previous trading day. Prior to this, gold fell 1.1% on Thursday, approaching the $4,000 psychological level. The latest U.S. September PCE inflation data further indicated that price pressures remain elevated, reinforcing market expectations that the Federal Reserve will continue to raise interest rates by the end of the year, which kept downward pressure on gold prices today.

Sharp drops in SK Hynix and Samsung Electronics dragged the KOSPI down by more than 5%, triggering a sidecar mechanism to cool program selling.

TradingKey - At the close on October 29 Eastern Time, Intel (INTC) shares fell 3.62% to $92.07. Shortly after, following the release of its Q3 2026 financial results, the stock plummeted 23.03% in after-hours trading. The earnings report showed that although third-quarter revenue and adjusted earnings per share both topped market expectations, fourth-quarter guidance fell significantly short of Wall Street forecasts. Coupled with a weak PC market, manufacturing supply constraints, and cash flow pressures, the disappointing outlook drove the sharp after-hours sell-off.

Amazon's financial results missed expectations, sending its stock tumbling 12% and testing the key $200 level technically.

TradingKey - On October 30, gold (XAUUSD) and Bitcoin (BTC) remained under pressure. U.S. PCE inflation data for September showed year-on-year increases in both headline and core inflation. Coupled with the Federal Reserve holding interest rates steady while delivering a hawkish signal, market expectations for another rate hike in December further intensified. After falling more than 1% in the previous trading session, spot gold briefly dipped below $4,000 intraday today, while Bitcoin extended its decline, dropping below $77,000 at one point to hit a six-week low.

Binance suffered a major hack with potential losses reaching $2 billion, sparking a wave of panic selling across the cryptocurrency market.

TradingKey - On October 29, US Eastern Time, the three major US stock indexes collectively pulled back. A sharp post-earnings drop in Google parent Alphabet (GOOGL) dragged down tech stocks as the market reassessed heavy investments in AI infrastructure and cash flow pressures. However, about 80% of

The KOSPI gapped down 4.1%, falling below 5,700 points, with Kioxia dropping over 7%, while SK Hynix and SoftBank tumbled more than 5%.

Intel (INTC) reported its Q3 FY2026 financial results, where rapid growth in its data center business drove improvements in revenue and operating profit, with adjusted earnings per share exceeding market expectations. However, PC segment revenue continued to decline, and the midpoint of its Q4 revenue guidance fell short of both the current quarter and market expectations.

On October 29, Amazon (AMZN) released its third-quarter 2026 financial results. AWS revenue growth accelerated further, beating market expectations, and the group's operating margin reached a record high. However, total revenue fell slightly short of expectations, advertising revenue missed forecasts, and ongoing investments in AI infrastructure continued to widen the free cash flow deficit. In extended trading, the stock fell over 11% at one point before narrowing its decline to 5.39% to trade at $230.64 as of press time.

On Thursday, October 29, Eastern Time, U.S. stocks moved lower as the latest batch of corporate earnings reports weighed on the market. Alphabet shares tumbled after its earnings missed expectations, Microsoft reversed early gains to close lower, and "Neoclouds" were also dragged down by concerns over data center capacity delivery. At the close, the Dow Jones Industrial Average fell 0.25% to 52,342.56; the Nasdaq Composite Index dropped 1.38% to 26,184.72; and the S&P 500 Index slid 0.30% to 7,720.39.

Google (GOOGL)(GOOG) shares plunged over 13% in early trading following the release of its third-quarter earnings report, marking the company's worst post-earnings stock performance on record. Search revenue fell short of expectations and capital expenditures are set to increase substantially next year, prompting investors to reassess the balance between AI investment and profitability returns.

Following the release of its first-quarter fiscal earnings report, Microsoft (MSFT) plans to issue its first bond offering since 2017. Amid expanding AI capital expenditures and growing investor focus on the pace of returns, this transaction will test whether the bond market remains willing to fund the expansion of Big Tech.

TradingKey - Amazon (AMZN) is set to report its third-quarter 2026 financial results after the US market close on October 29. Ahead of the earnings release, the stock closed at $254.60, continuing to trade within the $250 to $260 range. If AWS growth, profit margins, and fourth-quarter guidance all beat expectations, the stock could break out of its current consolidation range and retest its high near $280 formed in August.

TradingKey - Ahead of the market open on October 29 ET, DoorDash (DASH) announced a definitive acquisition agreement with Maplebear Inc. (CART), with an equity valuation of approximately $17 billion. The offer price of $65 per share represents a 26% premium over CART's closing price on October 22.

TradingKey - Amazon stock forecast: AMZN trades inside a triangle below $258.12 ahead of Q3 results, as AWS capacity sells out and investors focus on capex and cash flow.