Today’s stock market news — short and crisp:
📈 NEW RECORD HIGHS
The S&P 500 and Nasdaq hit fresh records as megacap tech pushed higher.
🟢 NVIDIA HITS ATH
Nvidia reached a new all-time high and moved closer to a $6T market cap.
🚀 MARVELL JUMPS
Marvell rallied after raising its 2028 revenue outlook to $20B.
📉 YIELDS RETREAT
Falling Treasury yields eased pressure on stocks and helped support the rally.
🛢️ OIL PULLS BACK
Crude prices slipped as Gulf supply concerns eased.
⚠️ CREDIT WARNING
JPMorgan CEO Jamie Dimon warned about the risk of a corporate credit squeeze.
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Here’s what happened on the Nasdaq today 👇
Mega-cap tech was mostly green, but the strongest moves came from a few standout names.
🟢 BIGGEST STANDOUTS
MercadoLibre ($MELI) +9.67%
SpaceX ($SPCX) +7.63%
Western Digital ($WDC) +6.34%
Shopify ($SHOP) +5.76%
MEGA-CAP STRENGTH
Tesla ($TSLA) +2.20%
Nvidia ($NVDA) +2.12%
Meta ($META) +1.90%
Microsoft ($MSFT) +1.48%
Big tech leaned green, while chip stocks were much more divided.
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Today’s stock market news — short and crisp:
📈 FED WATCH
Treasury yields remain elevated as markets await Fed minutes for rate clues.
🛢️ OIL SLIDES
Crude fell about 1.7% to $89.60 after the G7 agreed to release 100M barrels from emergency stockpiles.
💶 EURO WEAKENS
The euro hit multi-month lows as French budget pressure and political instability weighed on sentiment.
💻 TECH TAKES A BREATHER
Mega-cap tech eased while Coinbase and Strategy edged higher with Bitcoin near $86,000.
🚀 AI & SPACEX BUZZ
SpaceX, Nvidia and AMD continue drawing heavy investor interest alongside elevated valuations.
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Fear is still winning.
The Fear & Greed Index sits at 31 even as U.S. stocks hover near record highs.
Citi says political uncertainty could weigh on markets into the Nov. 3 midterms, while history points to relief once that uncertainty fades.
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Wall Street still sees plenty of upside in several of the Nasdaq’s biggest names.
Based on average 12-month analyst targets, the biggest gaps in this list are:
SpaceX (SPCX): +47.90%
Broadcom (AVGO): +46.20%
Nvidia (NVDA): +38.63%
Amazon (AMZN): +31.93%
Alphabet (GOOG): +26.57%
Microsoft (MSFT): +11.28%
Meta (META): +10.00%
Tesla (TSLA): +5.62%
Apple (AAPL): +0.36%
These percentages show the projected move from the current share price to Wall Street’s average 12-month analyst target.
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BARGAIN OR OVERPRICED?
5 mega-cap stocks vs. Wall Street’s
average 12-month analyst target
AMAZON ($AMZN ) — BARGAIN
Price: $251.52 | Analyst Target: $331.82
24.2% BELOW TARGET
MICROSOFT ($MSFT ) — BARGAIN
Price: $517.53 | Analyst Target: $575.91
10.1% BELOW TARGET
META ($META ) — FAIRLY PRICED
Price: $728.08 | Analyst Target: $800.92
9.1% BELOW TARGET
TESLA (robinhood:0x322f0929c4625ed5bad873c95208d54e1c003b2d ) — FAIRLY PRICED
Price: $370.59 | Analyst Target: $391.40
5.3% BELOW TARGET
APPLE ($AAPL ) — FAIRLY PRICED
Price: $333.69 | Analyst Target: $334.90
0.4% BELOW TARGET
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Anthropic could hit the public market as soon as mid-November — with investors discussing a valuation near $2 trillion.
That would put one of the biggest AI IPOs ever against some pretty wild numbers:
• 2025 revenue: ~$4.6B, up from $386M
• Operating loss: more than $8B
• Possible valuation: $1.8T–$2T
The growth is enormous. So are the costs.
If Anthropic starts marketing the IPO in November, the pricing range will show just how much investors are willing to pay for that growth.
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IS PALANTIR WORTH THE PRICE?
Palantir has become one of the market’s biggest AI winners.
The stock is back near $189 and not far from its 52-week high — but investors are paying a huge premium for that growth.
So is $PLTR still worth the price here, or has the stock simply run too far?
Let’s look at both sides.
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🔴 WHAT THE BEARS SAY
THE VALUATION IS EXTREME
Palantir trades at roughly 161x earnings.
EXPECTATIONS ARE HUGE
At this price, investors already expect exceptional growth. Even a small slowdown could hit the stock hard.
AI COMPETITION COULD GROW
Palantir has a strong position today, but faster AI development could bring more competition and make parts of its software easier to replicate.
The risk:
Palantir can remain a great company and still be a disappointing stock if too much is already priced in.
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THIS WEEK’S BIGGEST GAINERS & LOSERS (Nasdaq)
🟢 GAINERS
Lumentum ($LITE) +15.27%
Synopsys ($SNPS) +15.06%
Teradyne ($TER) +12.72%
Applied Materials ($AMAT) +11.35%
Lam Research ($LRCX) +10.24%
KLA ($KLAC) +10.09%
🔴 LOSERS
Alnylam Pharmaceuticals ($ALNY) -14.16%
AppLovin ($APP) -13.69%
Western Digital ($WDC) -9.09%
Qualcomm ($QCOM) -8.47%
Seagate ($STX) -7.40%
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Here’s what happened on the Nasdaq this week 👇
Semiconductor and AI infrastructure stocks dominated the leaderboard.
🟢 CHIP + AI INFRASTRUCTURE
Lumentum ($LITE) +15.27%
Synopsys ($SNPS) +15.06%
Teradyne ($TER) +12.72%
Applied Materials ($AMAT) +11.35%
Lam Research ($LRCX) +10.24%
KLA ($KLAC) +10.09%
THE PATTERN
The strongest stocks this week were concentrated around chip design, semiconductor equipment and optical infrastructure.
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$NKE reports after the bell today, and expectations are already low.
Wall Street expects about $11.35B in revenue and $0.44 EPS, both below last year.
What matters more than a small beat is whether the turnaround is actually showing up in the business:
• China — revenue is expected to fall 13%
• Margins — Nike has guided for slight improvement
• Demand — wholesale is improving, but Nike Direct and digital remain weak
After a 44% drop this year, investors need signs that the recovery is becoming measurable.
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Micronbeat on revenue, EPS and guidance — and still barely moved after hours.
Micron posted $54.23B in revenue vs. $51.07B expected, while adjusted EPS reached $33.42 vs. $31.61. Q1 revenue guidance also came in above estimates at $61.5B.
The quarter was strong. The muted reaction says more about expectations: $MU had already more than tripled in 2026 and was trading near record highs.
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Al needs more than GPUs.
It also needs massive amounts of memory and storage to keep all that data moving.
As data centers keep expanding, demand for memory chips, SSDs and high-capacity storage is rising with them.
That's why these 5 storage stocks are getting attention right now - and are worth keeping on your
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Here’s what happened on the Nasdaq today 👇
Software names led while most mega-caps finished green.
🟢 SOFTWARE STRENGTH
Synopsys ($SNPS) +4.78%
Adobe ($ADBE) +2.90%
Intuit ($INTU) +2.87%
Autodesk ($ADSK) +2.86%
Palo Alto Networks ($PANW) +2.29%
Datadog ($DDOG) +1.97%
OTHER STANDOUT
Intel ($INTC) +3.71%
🔴 LAGGARDS
AppLovin ($APP) -4.98%
Constellation Energy ($CEG) -3.99%
Walmart ($WMT) -2.70%
THE PATTERN
Software clustered at the top. Weakness was mostly scattered.
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Today’s stock market news — short and crisp:
INFLATION COOLS
PCE inflation came in at 3.4% vs. 3.7% expected, cutting October rate-hike odds to ~35%.
JOBS BEAT
ADP private payrolls rose 90K in September vs. 70K expected.
BOND PRESSURE
The 10Y Treasury is still around 5.2%, near its highest level since 2007.
HPE AI WIN
$HPE landed a $1.2B Vultr order for AMD-powered AI server racks.
BOEING WINS BIG
$BA secured a $20B development contract for the Navy’s next-gen F/A-XX fighter.
TRADE GAP JUMPS
The U.S. goods trade deficit widened 11.5% to $132.6B in August.
MICRON TONIGHT
$MU reports after the bell, with AI-memory demand and guidance in focus.
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$MU reports after the bell today. 👀
Wall Street expects around $51.3B in revenue and $31.72 adjusted EPS.
The bar is already pretty high.
Three things matter tonight:
• HBM / AI demand
• Memory pricing and margins
• Next-quarter guidance
Micron itself guided to roughly $50B in revenue and an 86% gross margin.
So this quarter should be huge either way.
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