Long reads on the mechanism behind the event.
Anthropic filed its S-1 with the SEC to list on Nasdaq under the ticker ANT. The next day the Kospi rose 3.09%, with buying in SK Hynix, SK Square, SoftBank and Tokyo Electron.
+3 More Companies
Monday, October 26·7 Min Read
After buying back $148.6B of stock in five years, Meta will sell up to $95B of new shares to fund its AI buildout. Nvidia, AMD and Broadcom indicated interest in $5B, and most of the sale carries no vote.
24 of 167 pieces
What Gets Covered: events still worth reading six months later · How It Is Written: verified numbers, sources listed · How Often: not daily, only when something happens
Daily headlines and concept explainers live in their own sections:News·Guide
June, at issue · October, approximate market yield
Sunday, October 25·7 Min Read
Musk said SpaceX had closed $40 billion of debt for GPUs, and that lenders have shut out cloud firms living only on AI chip rentals. CoreWeave bonds sold at a 9.675% coupon in June now yield about 15%, and Nebius and IREN face the same question.
Friday, October 23·7 Min Read
Bloomberg reports SpaceX is negotiating access to at least 80,000 cell sites, including with Crown Castle, for Starlink Mobile. AT&T and T-Mobile lost about $25B in value, while Crown Castle rose 9%.
Yemen's Houthis targeted Riyadh, Dammam, Yanbu and Aramco's Shaybah field over two days, and Aramco evacuated its Dhahran headquarters. Saudi output is intact, yet Brent ended the week up about 6% at $116.72.
Thursday, October 22·7 Min Read
In interviews with CNBC and Yahoo Finance, Jensen Huang argued that Nvidia chips are an asset class lenders can finance. Banks speaking to Reuters say Nvidia's 25% value guarantee is not enough, and CoreWeave's bonds have yet to price in the thesis.
SK Hynix halted plans to list Solidigm, the SSD business it bought from Intel, a day after two Korean regulators called the plan a breach of the rules. The Kospi erased a 4% morning drop and SK Hynix closed up 4.42%.
Chip-equipment maker Lam Research said its December guidance would have been higher without component and clean-room constraints. All 30 members of the Philadelphia Semiconductor Index fell, dragging Nvidia, AMD and Micron, while Meta lost 7%.
Previous target · New target given on the call
Wednesday, October 21·7 Min Read
Musk said on SpaceX's October 20 call that both companies had formed independent committees, and he made the case for combining them. Reuters' sources say that open support could invite Tesla shareholder objections and stretch talks by weeks; Tesla declined to discuss it on its own earnings call.
Wednesday, October 21·6 Min Read
Meta generated $32.8B in operating cash in the third quarter and spent $33.9B on equipment. Revenue of $64.6B beat expectations, the 2026 capex budget narrowed to $135B–$145B, and the stock rose after hours.
Wednesday, October 21·8 Min Read
Micron technology chief Scott DeBoer set out DRAM, NAND and HBM plans through 2027 and said the 4F² design that CXMT is adopting this year and Samsung is expected to adopt in 2028 has fundamental problems. New AI memory uses more silicon per bit, keeping supply tight for two more years.
Tuesday, October 20·6 Min Read
According to a draft prospectus seen by the WSJ, Anthropic owes about $450B in mostly non-cancellable commitments, $252B of it to Google Cloud, Amazon's AWS and Microsoft. A single customer equals about a fifth of Google's and Amazon's backlogs.
Server maker Super Micro's September-quarter revenue estimate topped its own guidance by 27%. The next day in Seoul, SK Hynix rose 5.8%, Samsung Electronics 5.7%, and the Kospi recovered most of the previous day's loss.
Revenue at SpaceX's AI segment tripled in a quarter, yet $19.6B of capital spending was more than twice adjusted EBITDA. On Thursday, 1.3 billion locked-up shares become eligible for sale.
Monday, October 19·7 Min Read
Amazon will earn the right to buy 3.16 million 3M shares as its data center payments approach $6B, and 3M is taking a stake in Taiwan's GSEO. Amazon struck similar deals with Qualcomm and Generac in September.
Sunday, October 18·6 Min Read
Under a plan that needs stockholder approval, the board may add another 2% to the fund for every 50% rise in Anthropic's value. The company has not said whether the stake will be new shares; David Sacks and Elon Musk criticized the structure.
Microsoft has walked away from anchoring Nscale's site in Essex, the Telegraph reported, and the grid may not power it before the 2030s. Microsoft and Anthropic account for 85% of Nscale's $103B contract book.
Friday, October 16·7 Min Read
Trump suspended the Graham Act, which would have taxed all US-bound goods from countries buying Russian oil at up to 100%, before it took effect. The order came after Friday's close with Brent at $109.86, so markets price it for the first time on Monday.
Index provider MSCI's rule, effective November 30, could remove Strategy and its 848,250 bitcoin from global indexes. The stock fell 9.56% on October 16; the final list comes on November 11.
Friday, October 16·6 Min Read
The Philadelphia Semiconductor Index fell for an eighth day, and short sellers made $32 billion in seven days. Bank of America's Vivek Arya wrote that Nvidia, Broadcom and Micron trade at the multiples Cisco carried after the 2000 crash.
Thursday, October 15·6 Min Read
Nine companies used a new SEC exemption to object to their shares trading as tokens on OKXICE, the venue built by OKX and NYSE parent ICE. Of the 63 names on the initial list, 55 stayed silent and left the door open.
Anthropic reported $16.8B in third-quarter revenue, but quarterly growth fell from 147% to 45%. Reuters reported some investors are discussing a $1.5 trillion IPO valuation instead of $2 trillion; ASML and Infineon fell sharply in Europe the same day.
Thursday, October 15·7 Min Read
TSMC expects fourth-quarter revenue to rise 14% and sees no slowdown in AI demand. Before the results, US inflation and rate fears sent SK Hynix down 11%, Samsung 9.5% and Kioxia 12%, and tripped the Kospi's circuit breaker.
Wednesday, October 14·6 Min Read
Barclays analyst Tim Long downgraded Dell, HPE and NetApp, arguing memory price increases sit behind the 122% jump in Dell's non-AI server revenue. Dell lost about $40B of market value on October 14, and the selling spread to HPE and Super Micro the next day.