Analysis

TradingKey - On Wednesday (September 30) Eastern Time, futures tied to the three major US stock indices weakened near flat lines in pre-market trading as investors await a heavy batch of US economic data releases, including ADP employment, PCE inflation, and the final reading of second-quarter GDP. The market expects US headline PCE and core PCE for August to rise by 0.5% and 0.3% month-over-month, respectively. If the data exceeds expectations, it could further reinforce expectations of continued Federal Reserve rate hikes and weigh on high-valuation tech stocks.

TradingKey - Nu Holdings faces a recovery test after Monzo takeover reports trigger a selloff, despite record quarterly earnings and its U.S. launch.

TradingKey - On September 29 ET, according to Reuters, Anthropic's confidential IPO filing reveals that the company is procuring Nvidia (NVDA) chip-based computing power services from SpaceX's (SPCX) xAI, with potential spending reaching up to $84.5 billion through 2029. Most of the agreements can be canceled with 90 days' advance notice.

TradingKey - Nike (NKE) will report its first-quarter fiscal 2027 financial results after the U.S. market close on October 1. The market expects the company's revenue to be approximately $11.32 billion, down 3% year-over-year, with earnings per share projected at $0.44, down from $0.49 in the same period last year.

TradingKey - On September 29 ET, memory technology company Netlist announced that it has filed a new complaint with the U.S. International Trade Commission (ITC), alleging that Micron (MU) and downstream products using the related technology infringe two High Bandwidth Memory (HBM) patents.

TradingKey - On September 29 (ET), Bloom Energy (BE) closed up 10.8% at $291.25, touching an intraday high of $302.25, with trading volume reaching approximately 23.69 million shares, significantly above its recent average level. In the previous trading session, BE fell 8.95%, reflecting a marked increase in stock price volatility at elevated levels.

TradingKey - Intel’s data center sales are rising, but foundry losses and financing needs remain substantial. Here is the INTC stock outlook as of September 29, 2026.

TradingKey - CrowdStrike’s recurring revenue and cash flow are growing as it expands into AI agent security. Can those gains support CRWD stock near its recent high?

TradingKey - Palo Alto Networks has launched a new AI security service after reporting strong FY2026 growth. Examine PANW’s acquisitions, cash flow, guidance and valuation as of September 29.

TradingKey - Arm’s data center royalties and AGI CPU demand are growing, but its shares fell sharply. Here is the ARM stock outlook as of September 29, 2026.

TradingKey - Boeing (BA) won a development contract for the U.S. Navy's next-generation carrier-based fighter, the F/A-XX, in a deal valued at over $20 billion. Following the announcement, Boeing's stock rose more than 2% in after-hours trading to $191.81.

TradingKey - On September 29 ET, Reuters reported that a draft of Anthropic's IPO prospectus it obtained disclosed the company's revenue, losses, long-term compute spending commitments, and proposed listing governance arrangements.

TradingKey - According to Reuters, Anthropic achieved nearly $4.6 billion in revenue in 2025, up approximately 12-fold year-over-year. About $2.16 billion was generated through the cloud marketplaces of Amazon (AMZN) and Google (GOOGL), accounting for 47% of its total annual revenue.

TradingKey - U.S. stocks closed modestly lower as long-term Treasury yields climbed to their highest levels since 2002 and U.S. consumer confidence fell short of expectations. Some technology stocks rebounded, optical communications shares outperformed, and bank stocks lagged.

US stocks edged lower as US Treasury yields climbed to multi-year highs again. Some tech stocks rebounded, with optical communications shares leading the gains and bank stocks leading the declines. At the close, the Dow Jones Industrial Average fell 0.26% to 51,349.92; the Nasdaq Composite Index slipped 0.09% to 26,797.54; and the S&P 500 Index dropped 0.17% to 7,670.84.

According to people familiar with the matter, after postponing its initial public offering (IPO) plans, OpenAI aims to raise at least $30 billion in a new funding round, targeting a valuation of approximately $1.4 trillion (excluding the funds raised in this round).

OpenAI announced the launch of GPT-6.1 Sol, an upgraded version of GPT-6 Sol that focuses on enhancing agentic coding, computer use, and professional work capabilities. OpenAI stated that GPT-6.1 Sol approaches the performance of GPT-6 Astra across multiple benchmarks, while its standard input and output token prices are approximately one-fifth those of Astra. Additionally, the AI agent Dot was also unveiled.

Axios reported on Tuesday, citing people familiar with the matter, that OpenAI's annualized revenue is approaching $70 billion based on its current operational performance. By comparison, when Bloomberg News reported in August, OpenAI's annualized revenue run rate stood at "over $40 billion."

On September 29, Eastern Time, Oracle (ORCL) shares rose 5%, reclaiming the $140 mark. Oracle and intelligent data infrastructure provider NetApp announced plans to launch OCI NetApp Storage Service, natively integrating NetApp ONTAP's data management capabilities into Oracle Cloud Infrastructure (OCI). This fully managed service is expected to be generally available within the next 12 months.

On September 29 ET, Bloom Energy (BE) surged over 13% in early trading, erasing all of the previous day's losses and hitting a new recent high. Morgan Stanley maintained its "Overweight" rating and $310 price target on the stock, noting that contracted projects, multi-gigawatt partnerships, and strong 2026 guidance are expected to cushion the impact of standalone project delays on near-term earnings.