Japan Labor Cash Earnings (YoY) above expectations (3.8%) in September: Actual (4.6%)

Marvell Technology (MRVL) plans to acquire Lumentum (LITE), representing an enterprise value of approximately $115 billion at the time of the deal's announcement. The acquisition will complement Marvell's laser technology and manufacturing capabilities, potentially presenting Broadcom (AVGO) with a competitor possessing a more comprehensive product portfolio in the AI optical communications sector.

On Friday, November 6, Eastern Time, U.S. stocks diverged. Following a sharp drop in the previous session, chip stocks attracted dip-buyers, driving a rebound in the Nasdaq and the S&P 500, while the Dow remained under pressure. Meanwhile, stronger-than-expected employment data prompted markets to increase their bets on a Federal Reserve rate hike in December.

Shares of Oracle (ORCL) dropped sharply. According to people familiar with the matter, Microsoft (MSFT) is phasing out an arrangement to rent AI computing capacity from Oracle, part of a broader reassessment of its multi-billion-dollar cloud partnership.

On November 6 ET, potential IPO buyers of Anthropic were discussing a valuation of $1.2 trillion to $1.3 trillion, lower than the $1.4 trillion to $1.5 trillion previously indicated to underwriting banks. Based on the midpoint of the ranges, valuation expectations have retreated by approximately 13.8%.

TradingKey - Nvidia faces reported H200 shipment delays ahead of November 17 earnings. Broken $190.01 support leaves $173.69 in focus as investors assess deliveries.