A[Overnight global news you need to know on Friday: The Nasdaq 100 index closed down 6.5%, and the AI industry chain suffered a heavy setback; news said Rubio was considering leaving the Trump administration; Microsoft stepped up its review of some data center projects]
global news
1. It is reported that US Secretary of State Rubio is considering leaving the Trump administration after the Republican Party lost the midterm elections.
2. Iran is reported to have submitted a nuclear proposal to the United States through Qatar. The United States is reviewing Iran's nuclear proposal.
3. Microsoft is reported to be strengthening supervision of some data center projects of Nebius Group NV, IREN Ltd. and Nscale Plc, withdrawing from projects deemed to be higher risk, and is also internally discussing whether to sign new new cloud transactions.
4. Google has committed $17 billion to build its first data center in Wyoming.
5. Apple plans to raise approximately US$7 billion through its first issuance of investment-grade bonds in more than a year to support stock buybacks and other purposes.
6. Microchip Technology expects adjusted earnings per share in the third fiscal quarter of 87 to 95 cents, with an estimate of 94 cents; net sales of 1.57 billion to 1.64 billion US dollars, with an estimate of 1.62 billion US dollars; earnings per share of 47 to 50 cents.
7. Optical communications company Applied Optoelectronics' adjusted earnings per share in the third quarter were 17 cents, higher than the estimate of 14 cents; revenue was $269.9 million, higher than the estimate of $268.3 million.
8. It is reported that US Defense Secretary Hegseth may face an impeachment vote as early as next week.
9. Standard & Poor's downgraded the BMW Group's rating to "A-" with a negative outlook.
10. Secretary Rezai of Iran’s Supreme National Security Council conveyed a message from Iran’s Supreme Leader Mujtaba Khamenei to Russian President Vladimir Putin in Moscow on November 5. The two sides also discussed bilateral relations and the latest regional situation.
11. The Office of Foreign Assets Control of the U.S. Department of the Treasury announced that it would add 2 individuals, 6 companies, and 2 ships to the Cuba-related sanctions list, and impose additional sanctions on 2 companies and 3 ships that have already been sanctioned.
12. Paraguay’s House of Representatives passed the impeachment motion against President Santiago Peña.
13. Google launched the Gemini Omni 1.2 Flash video generation model, reducing the price at 720p resolution by 30% to $0.07 per second, and extending the length of native video clips to 15 seconds.
14. Goldman Sachs lowered its gold price forecast to US$4,150 per ounce by the end of 2026 and US$4,800 per ounce by the end of 2027.
global market
1. The three major U.S. stock indexes collectively fell sharply, with the Dow Jones Industrial Average falling 3.44%, the Nasdaq Composite falling 5.52%, and the S&P 500 Index falling 4.35%, recording the largest single-day decline since April 2025. The Nasdaq 100 fell 6.4%, wiping out $2.3 trillion in market value. The Philadelphia Semiconductor Index fell 12%, its largest decline since 2020. Nvidia fell 9.18%, and its market value evaporated by US$447 billion. Tesla fell 10.86%. The AI industry chain suffered a heavy setback. SanDisk fell by more than 22%, Western Digital and Micron Technology fell by more than 17%, Lumentum fell by more than 18%, Marvell Technology fell by more than 16%, Oracle fell by more than 7%, CoreWeave fell by more than 9%, and NEBIUS fell by more than 14%.
2. International oil prices rose. The price of WTI crude oil for December delivery rose by 2.7% to close at US$90.52 per barrel; Brent crude oil in January rose by 3.9% to close at US$98.29 per barrel.
3. International precious metals saw mixed gains and losses. Spot gold prices rose 0.69% to US$4,087.98 per ounce; spot silver prices fell by 0.84% to US$51.76 per ounce.
4. Livermore’s leading index of Chinese concept stocks closed down 3.15%. Among the constituent stocks, Himax Optoelectronics fell by more than 26%, ASE Holdings fell by more than 20%, Nanmao fell by more than 17%, and UMC fell by more than 16%. A[The Nasdaq closed down 5.5% and the AI industry chain suffered a heavy setback] The three major U.S. stock indexes collectively fell sharply, with the Dow Jones Industrial Average falling 3.44%, the Nasdaq Composite Index falling 5.52%, and the S&P 500 Index falling 4.35%. The AI industry chain fell collectively. In the storage sector, SanDisk fell by more than 22%, Western Digital and Micron Technology fell by more than 17%, and Hynix fell by more than 13%. In terms of optical communication stocks, Lumentum fell by more than 18%, Marvell Technology fell by more than 16%, and Corning fell by more than 12%. In terms of cloud service companies, Oracle fell by more than 7%, CoreWeave fell by more than 9%, and NEBIUS fell by more than 14%. B[Apple plans to raise approximately US$7 billion through its first debt issuance in more than a year] On November 6, Apple plans to raise approximately US$7 billion through its first issuance of investment-grade bonds in more than a year to support stock buybacks and other purposes, adding to the recent intensive debt issuance by US technology giants. According to people familiar with the matter, the size of the bond issuance has not yet been finalized and may still be adjusted based on investor demand. Proceeds from the bond issuance will be used for general corporate purposes, including stock buybacks, dividends and capital expenditures, people familiar with the matter said. People familiar with the matter also said that the iPhone maker will issue seven tranches of bonds with maturities ranging from two to 10 years. The debt issuance comes amid a wave of financing by large technology companies. Microsoft, Oracle and Meta Platforms have raised a combined $50 billion in the U.S. market since last week to support their investments in artificial intelligence infrastructure. Apple last issued bonds in May 2025, raising $4.5 billion. Bank of America Corp., Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co. arranged the deal, people familiar with the matter said. B[AMD Chairman and CEO Su Zifeng: It is expected that the Helios rack-level AI system will be delivered in large quantities in the fourth quarter] "Science and Technology Innovation Board Daily" reported on the 4th that AMD Chairman and CEO Su Zifeng said at the 2026 third quarter results conference call that the deployment of Helios rack-level AI systems is expected to increase significantly in the fourth quarter. When introducing the delivery progress, she clearly mentioned that as production increases, OEM and ODM partners such as Lenovo Group, HPE, Dell, and Supermicro will begin to deliver relevant systems. According to Su Zifeng, AMD has begun batch delivery of MI455X GPUs in the third quarter, and the first batch of Helios cabinets from customers such as Anthropic, Meta, Microsoft, OpenAI, and Oracle have been put into operation to carry their models and workloads. In the fourth quarter, Helios deployment scale is expected to further expand as partners initiate system delivery. (Kechuangban Daily reporter Huang Xinyi) A[Overnight global news you need to know on Thursday: Google's performance fell 10% after the market fell short of expectations; optical communications giant Marvell plans to acquire Lumentum; Vance sent a letter to Iran in an attempt to restart peace negotiations]
global news
1. Google’s parent company Alphabet’s third-quarter revenue and profit fell short of expectations, showing that its huge investment in artificial intelligence has not yet generated enough returns to justify the expenditure. Google fell 10% after hours.
2. Microsoft’s Azure cloud business revenue increased by 48% in the first fiscal quarter and exceeded expectations, and overall revenue also increased by 19% to US$92.3 billion, which was higher than expected. Microsoft shares rose 6% after the bell.
3. Marvel Technology is reported to be in in-depth negotiations to acquire Lumentum, a manufacturer of data center optical components, and the transaction may be announced as soon as next week. Lumentum surged by more than 15% after the market closed, while Marvell Technology fell by more than 10%.
4. US Vice President Vance is reported to have written to Rezai, Secretary of Iran’s Supreme National Security Council, in an attempt to restart peace negotiations.
5. Kelei rose more than 3% after the market closed. The company’s first fiscal quarter revenue was US$4.14 billion, higher than the estimated US$4.04 billion. The company expects second-quarter revenue of $4.5 billion to $4.9 billion, compared with market estimates of $4.52 billion.
6. ServiceNow fell 15% after the market closed. The company’s third-quarter revenue was US$4.11 billion, higher than the estimated US$4.1 billion; adjusted earnings per share were US$1, lower than the expected US$1.03.
7. Ford Motor Co. fell 2% after hours. The company's total revenue in the third quarter was US$49.53 billion, a decrease of 1.9% year-on-year. Adjusted earnings per share were US$0.49, US$0.45 in the same period last year, and the estimate was US$0.41.
8. Oracle Chief Financial Officer Hilary Maxson said at the company's annual meeting on Wednesday that free cash flow will reach $30 billion in the fiscal year ending in May 2029. Investors had expected free cash flow to remain negative for the fiscal year.
9. Apple officially released a new generation of MacBook Pro, introducing touch functionality to the Mac product line for the first time and equipped with a new ProLED XDR display. The product line is divided into two chip versions: the M5 Pro version starts at $2,899 for the 14-inch version and $3,399 for the 16-inch version; the M5 Max version starts at $4,499 for the 14-inch version and $4,799 for the 16-inch version.
10. The Federal Reserve voted 10 to 2 to maintain the benchmark interest rate at a range of 3.75%-4%, in line with market consensus. Fed Governor Lisa Cook and Cleveland Fed President Hammack voted against the rate hike. Among them, Director Cook was previously regarded as a centrist.
11. Federal Reserve Chairman Warsh said that the schedule of the Federal Open Market Committee will change starting next fall. There will be a meeting in 2027 where there will be neither a rate vote nor a policy statement. There are two FOMC meetings expected in 2028 without interest rate votes.
global market
1. The three major U.S. stock indexes collectively closed higher. The Nasdaq rose 0.27%, the Dow Jones Industrial Average rose 0.19%, and the S&P 500 Index rose 0.28%. AI cloud service companies strengthened, Oracle rose more than 10%, CoreWeave rose more than 7%, and NEBIUS rose more than 6%. The storage sector rose, with Hynix rising more than 13%, SanDisk rising more than 7%, and Micron Technology rising more than 5%.
2. International oil prices rose. WTI crude oil futures for December delivery rose by 2.9%, with a settlement price of US$102.78 per barrel; Brent crude oil futures for December delivery rose by 1.3%, with a settlement price of US$115.32 per barrel.
3. International gold prices rose slightly, with spot gold prices rising 0.17% to US$4,067.16 per ounce; spot silver prices falling by 0.83% to US$53.94 per ounce.
4. Livermore’s leading Chinese concept stock index closed up 0.01%. Among the constituent stocks, Huirong Technology rose 8.15%, Legend Biotech rose 4.71%, GDS rose 4.65%, ASE Investment Holdings rose 4.45%, and WeRide Zhixing rose 3.66%. A[The Nasdaq closed up 0.27%, Oracle rose more than 10%, and Hynix rose more than 13%] The three major U.S. stock indexes collectively closed higher, with the Nasdaq up 0.27%, the Dow Jones Industrial Average up 0.19%, and the S&P 500 Index up 0.28%. AI cloud service companies strengthened, Oracle rose more than 10%, CoreWeave rose more than 7%, and NEBIUS rose more than 6%. The storage sector rose, with Hynix rising more than 13%, SanDisk rising more than 7%, and Micron Technology rising more than 5%. B[Report: PIMCO, a trend-setting AI financing player, closed down as soon as it was good and cut about half of its positions in Meta and Oracle] On October 28, as the accumulated debt financing of artificial intelligence (AI) reached about 500 billion U.S. dollars, the bond giant Pacific Investment Management Company (PIMCO, Pinhao), which helped start the financing boom, reduced some of its largest positions. According to people familiar with the matter, PIMCO sometimes begins to reduce its positions after only a few months of buying. In addition to about $18 billion in Meta-related bonds in 2025, when the company became a cornerstone investor in a debt financing deal for about $18 billion that allowed Meta to build a large data center project in Louisiana without weighing on its balance sheet, PIMCO's funds have invested $10 billion in Oracle-related transactions. The company's current holdings in both investments have been reduced by about 50%, according to the filing. PIMCO reduces its position when the underlying bond prices are higher. A[Overnight global news you need to know on Wednesday: Trump hinted that Venezuela may become a state of the United States; Bolsonaro "exiles" to the United States; strong technology stocks boosted the Nasdaq to close up 1%]
global news
1. In his speech in Texas, Trump hinted that Venezuela might become a state of the United States.
2. Polls show that both the right-wing camp led by Israel’s current Prime Minister Netanyahu and the opposition camp led by former Israel Defense Forces Chief of Staff Eisenkot failed to obtain the majority of seats needed to form a government, but the opposition camp is in the lead.
3. Brazilian Liberal Party Federal Representative Mauricio Marcon said on the 27th that Flavio Bolsonaro, the Liberal Party candidate who lost the presidential election, has left for the United States.
4. Apple is reported to release 14- and 16-inch touch-screen MACBOOKs on Wednesday. Apple has discussed pricing its new 14-inch touchscreen Mac at $2,899. Apple's touchscreen MAC will become the company's most expensive laptop.
5. NXP fell more than 7% after the market closed. The company expects fourth-quarter adjusted earnings per share of 4.14 to 4.58 US dollars, while the market expected 4.36 US dollars.
6. Seagate Technology fell more than 7% after the bell, and Western Digital fell more than 2%. Seagate Technology's revenue in the first fiscal quarter was US$4.2 billion, a year-on-year increase of 60%. It is expected to be US$4.11 billion. Revenue in the second fiscal quarter is expected to be US$4.8 billion.
7. Visa’s fourth quarter net revenue was US$12.14 billion, a year-on-year increase of 13%, with an estimate of US$12.09 billion; adjusted net profit was US$6.55 billion, a year-on-year increase of 13%, with an estimate of US$6.47 billion.
8. The United States and Russia are reported to have proposed a possible plan for American and Russian oil giants to establish a joint venture offshore Sakhalin Island in the Russian Far East.
9. A U.S. regulatory agency is reported to be investigating whether the prediction market operator Polymarket violated the agreement to ban U.S. users in 2022.
10. Russian President Vladimir Putin and Iranian President Pezeshyan met during the "Gas Exporting Countries Forum" summit in Moscow. Putin said that the two sides had a conversation on the situation in the Middle East and hoped that the situation would develop in a positive direction.
global market
1. The three major U.S. stock indexes closed collectively higher, with the Nasdaq rising 1.18%, the S&P 500 rising 0.6%, and the Dow Jones Industrial Average rising 0.03%. The storage and optical communications sectors continued to strengthen. Western Digital rose by more than 6%, SanDisk and Seagate Technology rose by more than 3%, Lumentum rose by more than 5%, Coherent rose by more than 6%, and Marvell Technology rose by more than 4%. Oracle expanded cooperation with Google, Intel, Nvidia, etc., and related companies rose. Cerebras rose by more than 10%, Oracle rose by 3.56%, and Intel rose by 3.6%.
2. International oil prices continue to fall, as traders weigh signs of cooling in the situation in the Persian Gulf and await the results of the Israeli election. Brent crude oil futures for December delivery fell 1.7% to settle at $113.88 a barrel. WTI crude oil futures for December delivery fell 1.8%, settling at $99.90 a barrel.
3. International precious metals rose. Spot gold prices rose 1.07% to US$4,060.13 per ounce; spot silver prices rose by 0.82% to US$54.39 per ounce.
4. Livermore’s leading index of Chinese concept stocks closed up 0.93%. Among the constituent stocks, Akso Health rose 11.02%, Brain Regeneration Technology rose 9.62%, Huirong Technology rose 7.99%, Legend Biotech rose 5.93%, and ASE Investment Holdings rose 5.46%. A[The Nasdaq closed up 1.18%, storage and optical communications sectors continued to strengthen] The three major U.S. stock indexes closed collectively higher, with the Nasdaq up 1.18%, the S&P 500 index up 0.6%, and the Dow Jones Industrial Average up 0.03%. Oracle expanded cooperation with Google, Intel, Nvidia, etc., and related companies rose. Cerebras rose by more than 10%, Oracle rose by 3.56%, and Intel rose by 3.6%. The storage and optical communications sectors continued to strengthen. Western Digital rose by more than 6%, SanDisk and Seagate Technology rose by more than 3%, Lumentum rose by more than 5%, Coherent rose by more than 6%, and Marvell Technology rose by more than 4%.
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