Analysis

TradingKey - Oracle's (ORCL) AI infrastructure expansion is facing a new test. As several large-scale data center projects encounter power supply bottlenecks, the cloud computing revenue the company hoped to monetize quickly may be delayed, while the upfront financing costs and debt servicing pressures will not disappear as a result.

TradingKey - On October 9 ET, Reuters reported that Ting-Wei "Willy" Sun, a former contractor for Super Micro Computer (SMCI), pleaded guilty in Manhattan federal court in New York on October 8. The case involves the illegal transshipment of servers equipped with advanced Nvidia AI chips to China. The report did not disclose the specific charges or the terms of the plea agreement.

TradingKey - According to a Reuters report on October 9, Tesla (TSLA) has adjusted the name of FSD to "Tesla Assisted Driving" on its official websites in European countries including Germany, Spain, and the Netherlands. The company is seeking approval for the system across the European Union, with the relevant vote postponed from October to December at the earliest.

TradingKey - Micron Technology (MU) is significantly stepping up its shareholder returns. The company disclosed in its latest 10-K filing that its Board of Directors has approved an expansion of its share repurchase program, increasing the maximum authorized amount for discretionary common stock buybacks to $35.16 billion, effective December 9, 2026.

Oil prices fell slightly and U.S. stocks rose after U.S. President Donald Trump announced that Russia would supply large quantities of diesel to the U.S. and global markets. Technology and pharmaceutical stocks led the gains, while telecom stocks led the declines. At the close, the Dow Jones Industrial Average rose 0.83% to 51,654.95; the Nasdaq Composite Index gained 0.64% to 27,366.17; and the S&P 500 Index climbed 0.59% to 7,811.54.

On October 9 Eastern Time, AST SpaceMobile (ASTS) shares fell by as much as 16% intraday, hitting their lowest level since October 2025. The direct cause of the decline was SpaceX's (SPCX) announcement of its acquisition of nationwide 800MHz low-band spectrum, which it plans to integrate with its Starlink satellite network to build an independent mobile carrier business.

On October 9, Eastern Time, Palantir (PLTR) intraday shares reached a new recent high. Barclays initiated coverage on the stock with a "Buy" rating and set a price target of $265. Barclays analyst Anthony Valentini stated that Palantir possesses a deep competitive moat, enabling it to achieve unparalleled growth and margin levels. As the usage of AI applications grows, Palantir is poised to further deepen customer relationships and expand its business scale. Meanwhile, the U.S. government's push for unified data systems also presents growth opportunities for the company's data integration and analytics business.

On October 9, Eastern Time, shares of Moderna (MRNA) rose by more than 10% at one point to hit a new recent high following its official inclusion in the Nasdaq 100 Index. As of press time, Moderna's gain narrowed to 5.74%, trading at $208.31. On the news front, Moderna has yet to release the full Phase 3 clinical trial results for its melanoma vaccine. Citi analyst Geoff Meacham noted that the market expects to see this data at the European Society for Medical Oncology (ESMO) Congress in Madrid later this month.

TradingKey - Chevron enters October 30 earnings with Brent above $100, record U.S. production, faster Hess synergies and a larger Guyana growth platform.

On October 9, Eastern Time, Tesla (TSLA) shares rose by more than 3%, reaching their highest level since late July. According to the latest statistics from the China Passenger Car Association (CPCA), deliveries from Tesla's Shanghai Gigafactory exceeded 95,000 units in September 2026, up from 90,000 units in the same period last year, representing a year-on-year increase of about 5% and a month-on-month growth of 10.7%. This also marks the 11th consecutive month of year-on-year growth for Tesla's Shanghai vehicle factory.

TradingKey - Meta enters October with fast Muse adoption, 27% advertising growth and a $130 billion to $145 billion capex plan putting AI returns under scrutiny.

TradingKey - As of pre-market trading on October 9 Eastern Time, Apple (AAPL) shares fell over 2% due to market rumors that the company cut orders for the iPhone 18 Pro. Against the backdrop of its stock price recently approaching a period high near $345, this news drove a noticeable pullback in Apple's pre-market price.

TradingKey - Broadcom enters October with $115 billion of expected 2027 AI semiconductor revenue, record cash flow and rising financing exposure to major AI customers.

TradingKey - On Friday (October 9) Eastern Time, futures tied to the three major U.S. stock indexes rose across the board in pre-market trading as falling oil prices and a rebound in AI chip stocks improved market sentiment. However, U.S. Treasury yields remained elevated, and Delta Air Lines' lowered full-year earnings guidance also kept the market cautious.

TradingKey - Chipotle heads into October 28 earnings after a takeover-driven rally, with positive traffic, Chipotlane expansion and margin pressure shaping the CMG outlook.

Nvidia's stock rose nearly 2%, snapping its losing streak. Is the AI leader poised for a new rally?

TradingKey - SpaceX (SPCX) shares rebounded in pre-market trading on October 9, Eastern Time, following a noticeable pullback in the previous session. As of press time, SPCX was up approximately 4.1% in pre-market trading at around $167, after declining 4.19% on October 8 to close at $160.57, touching an intraday low of $160. The primary driver behind the pre-market gain was SpaceX's announcement that it is acquiring nationwide 800MHz low-band wireless spectrum.

TradingKey - On October 9, U.S. optical communications stocks generally rose in pre-market trading, with Applied Optoelectronics (AAOI) rising over 5%, Lumentum (LITE) up over 4%, and MaxLinear (MXL), Coherent (COHR), and AXT (AXTI) all gaining more than 3%. The main catalyst behind the sector's strength came from the latest remarks by optical communications leader Lumentum. The company's CEO, Michael Hurlston, stated that driven by demand for AI data center construction, its optical component capacity has been booked by customers through early 2029.

TradingKey - On October 8 ET, McDonald's (MCD) closed up 2.61% at $236.90, down 30.68% from its 52-week high of $341.75 set on March 2.

Memory stocks surged across the board in pre-market trading, with Micron, SanDisk, and SK Hynix all gaining over 2%.