HK, US stocks top stories

Apple Stock Forecast: AAPL Tests $352.04 Before Monday's Earnings as Memory Costs Meet iPhone Duo Demand

TradingKey·
- Apple approaches its fiscal fourth-quarter earnings report on November 2, 2026, trading near a record close of $348.91 and testing a resistance ceiling of $352.04. - Analysts expect EPS of approximately $1.99 on revenue of about $113.4 billion, while investors closely monitor December-quarter guidance regarding iPhone Duo demand and rising memory costs. - Technical indicators show a bullish bias while the stock remains above support at $339.06, with a daily close above $352.04 potentially opening the path to $361.14.

Meta, TikTok and X Lose UK Court Fight Over Requests for Social Media Safety Data

benzinga_article·
- Meta, TikTok, and X lost a legal challenge in London’s High Court against Ofcom regarding information requests under the 2023 Online Safety Act. - The court ruled in favor of the U.K. regulator's authority to demand detailed data on content moderation practices. - The tech companies argued the requests imposed unprecedented regulatory demands, while Ofcom welcomed the decision as fundamental to its regulatory duties.

Micron Stock Price Forecast: Nvidia's Planned Rubin Ultra HBM Layer Cut and Declining Per-Unit Memory Usage May Drag on …

TradingKey·
- Nvidia has lowered the HBM4 bandwidth specifications for its Rubin GPU and is considering an 8-layer configuration for the Rubin Ultra. - These adjustments may create pricing pressure and reduce per-unit memory usage for Micron Technology, while potentially improving manufacturing costs and delivery efficiency. - Micron's stock is currently experiencing a pullback with short- and medium-term selling pressure, holding above key support levels like the 160-day moving average and the 0.236 Fibonacci retracement of $910.48.

Alphabet Posts Worst Week Since 2011, Intel Suffers Record Crash as Warsh Sees 'Cracks': This Week on Wall Street

benzinga_article·
- Major technology companies experienced significant stock declines driven by disappointing earnings reports and escalating artificial intelligence infrastructure costs. - Intel suffered a record 30% single-session drop due to weak fourth-quarter revenue guidance and declining PC demand, while Alphabet and Amazon reported rising capital expenditures. - Federal Reserve Chair Kevin Warsh maintained interest rates at 3.75% to 4%, noting that borrowing costs continue to impact financial conditions.

Stock of the Day: Is This the Bottom for Amazon?

benzinga_article·
- Amazon shares experienced a sharp decline following an underwhelming earnings report, bringing the stock back down to a key support level of $ 225 . - Investor psychology regarding sellers' remorse often drives buyers to repurchase shares at previous selling prices, creating a price floor. - Because historical patterns show that Amazon shares previously rallied after reaching this $ 225 threshold in June and late July, a similar reversal may occur again.

The Fed held interest rates steady, but these officials see more hikes coming soon

MarketWatch·
- The Federal Reserve decided to keep interest rates unchanged, while several senior officials expressed the view that further rate hikes are necessary to curb inflation. - Dallas Fed President Lorie Logan and St. Louis Fed President Roberto Musalam indicated that at least 50 basis points of additional rate increases will be needed in the coming months. - The next rate-setting meeting of the Federal Reserve is scheduled for December 8 to 9, 2026.

Microsoft is winning the cloud wars and becoming Wall Street's new golden child

MarketWatch·
- Microsoft is currently positioned as the leader among major cloud companies following Amazon's third-quarter earnings report. - The company reported a 48% revenue increase in its Azure cloud business for the September quarter and maintained positive free cash flow. - Analysts attribute Microsoft's success to efficient capital expenditure, robust AI strategies, and strong enterprise trust.

Intel Stock Rout Wipes $12 Billion Off Uncle Sam’s Stake

benzinga_article·
- The federal government's 9.9% stake in Intel Corp. lost approximately $12.2 billion in paper value after shares sank roughly 30% to $64 following weaker-than-expected guidance and PC market softness. - Despite the single-session rout, the U.S. government still holds a paper gain of about $18.9 billion on the $9 billion investment made in August 2025. - Intel represents the largest holding in a broader federal equity portfolio comprising 43 deals totaling around $30 billion.

Intel’s Agentic AI Overshadowed By Weak PC Sales; Soft Retail Overshadows Amazon AI; Record Crypto Heist

benzinga_article·
- Intel and Amazon shares experienced significant pullbacks following earnings reports because weaker traditional PC and retail sales overshadowed their AI growth potential. - Cryptocurrencies faced aggressive selling pressure and dropped following a record $6.3B crypto heist on Binance alongside broader market margin calls. - Margin liquidation in high-flying tech and precious metals drove gold below $4000 and silver below $50 while oil prices rose due to geopolitical supply tensions.

Intel Plunges 30% in Worst Single-Day Performance Since 1974, and Historical Data Shows Just a 47.8% Win Rate for Buying…

TradingKey·
- Intel experienced a single-day drop exceeding 30% following its third-quarter financial results, driven by a weaker fourth-quarter outlook and a declining PC business. - Major institutions adjusted their ratings and price targets downward while noting that increased capital expenditures will pressure free cash flow. - Historical data shows a win rate of only 47.8% for buying the stock after single-day plunges exceeding 10% since 2000.

Trump Claims Inflation Is 'Way Down' Ahead of Midterms, But Fed Chair Kevin Warsh Warns Prices Remain 'Too High' After H…

benzinga_article·
- Former President Trump claimed that inflation is significantly down and economic conditions are improving ahead of the midterms. - Federal Reserve Chair Kevin Warsh countered that inflation remains elevated above the 2% target, driven by tariffs, energy costs, and AI-related tech prices. - The Federal Open Market Committee maintained the federal funds rate at 3-3/4 to 4% on October 28, 2026, to address ongoing price pressures.

Andy Jassy Says West Is 'Very Hungry' For More Western Open Source AI Models as Amazon Adds China's Kimi and GLM to Bedr…

benzinga_article·
- Amazon is expanding its Bedrock AI platform by adding Chinese open models like Kimi and GLM alongside Western models. - CEO Andy Jassy highlighted the strong demand for Western open models and projected Bedrock's potential to match the scale of AWS EC2. - The integration occurs as industry leaders debate the strategic advantages and global impact of Chinese open-weight AI systems.

Alphabet's $482B Wipeout Sparks AI Spending Fears: Is QQQ's Big Tech Exposure Becoming a Risk?

benzinga_article·
- Alphabet shares plunged nearly 13% and wiped out $482 billion in market value following third-quarter results that raised concerns over artificial intelligence investment returns. - This market reaction exposed concentration risks in major exchange-traded funds like the Invesco QQQ Trust and the Communication Services Select Sector SPDR Fund. - Rising infrastructure spending and market volatility prompted investors to reassess mega-cap technology exposure and consider equal-weight alternatives.

Intel Stock Eyes One of Its Worst Days Since 1974: 'Houston, We Have a Problem,' Analyst Says

benzinga_article·
- Intel shares plunged 25.6% in premarket trading, threatening one of the worst single-day drops in the company's history due to weak fourth-quarter guidance. - The company cited soaring memory chip prices impacting PC demand and manufacturing shortages limiting data center growth as key drivers for the downturn. - Multiple Wall Street analysts downgraded the stock and lowered price targets following the announcement, wiping out roughly $125 billion in market value.

Apple, Samsung Dodge Worst of Smartphone Chip Meltdown

benzinga_article·
- According to Counterpoint Research, global smartphone SoC shipments fell 21% year over year in the third quarter of 2026 amid rising memory costs and market pressures. - Apple and Samsung demonstrated greater resilience due to their integrated supply chains and premium device focus, while mid- and low-end focused vendors faced severe impacts. - Counterpoint projects global smartphone SoC shipments to decline 20% in 2026 and another 3%-4% in 2027, with memory prices remaining elevated.

Intel’s Bizarre Math: Worst Stock Collapse in 52 Years Could Add Billions to Its Profit

benzinga_article·
- Intel shares plummeted up to 30% following a weak fourth-quarter revenue forecast driven by a PC slowdown and an incident at its Israel factory. - Despite the severe stock sell-off, Intel could record a multi-billion-dollar pre-tax accounting gain for the fourth quarter. - This accounting quirk stems from a 2025 CHIPS Act agreement with the U.S. government, where unreleased escrowed shares are treated as an obligation that creates accounting gains when the stock price falls.