Analysis

TradingKey - As of the close on October 8, Eastern Time, Micron (MU) shares closed down 4.79% at $1,035.84, with an intraday high of $1,088.50 and a low of $1,032.10, on a trading volume of approximately 29.91 million shares. This follows a 4.06% gain to $1,088 on October 7, with the sharp volatility over two consecutive trading days indicating a widening short-term divergence between bulls and bears.

Robinhood's CEO dumped 370,000 shares, cashing out over $40 million and virtually clearing his direct Class A holdings. Does this signal that the stock price has peaked?

TradingKey - On Thursday, SpaceX announced an agreement with investment firm Grain Management to acquire 800MHz spectrum assets covering the U.S. market, involving up to 14MHz of paired spectrum. Following the announcement, shares of AT&T (T), Verizon (VZ), and T-Mobile US (TMUS) all dropped more than 7% in after-hours trading, while Comcast (CMCSA) also weakened.

TradingKey - According to a Nikkei report on October 9, Apple (AAPL) has asked certain suppliers to cut component production for the iPhone 18 Pro and iPhone 18 Pro Max.

TradingKey - According to the Financial Times, OpenAI's annualized revenue reached nearly $50 billion as of the end of September, falling short of the approximately $70 billion previously estimated by investors on an adjusted basis. Following the report, SoftBank's stock dropped to as low as 5,600 yen during intraday trading on October 9, representing a maximum decline of around 7.3%. By the close, SoftBank narrowed its loss to 3.92%, ending at 5,803 yen.

TradingKey - On October 9, Japanese stocks closed slightly lower, with the Nikkei 225 Index falling 11.19 points, or 0.02%, to 69,030.92. South Korean markets were closed for a holiday, with no trading conducted on the day.

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%.