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SPOT GOLD EXTENDS LOSSES, DOWN 3% TO $3,908.13/OZ

QUICK SPARK: Intel Stock Drops 28%, Eyes Worst Day Since July 1974. Intel Corp. INTC is having its worst day in more than half a century. Shares fell 29.1% to $65.25 in Friday morning trading, on track for the steepest one-day drop since July 1974. That would top the 26% slide in August 2024, previously the stock’s worst session in five decades. Chart: Intel Corp. daily price change since 1973. Source: TradingView The chipmaker beat third-quarter estimates. However, it guided fourth-quarter revenue to about $15.5 billion and adjusted earnings to 25 cents a share. Wall Street had expected roughly $17 billion and 43 cents. Bank of America analyst Vivek Arya downgraded Intel to Neutral from Buy and cut his price objective to $100 from $145. He said Intel’s “agentic tide” in data center chips is “more than offset by PC/supply headwinds.” Arya expects PC shipments to drop 25% to 30% from the prior quarter in the fourth quarter, with more inventory correction in the first half of 2027. He also said Intel has not shown enough traction with external foundry customers. As a result, he cut his 2027 earnings estimate by 16% to $1.69 a share. He was not alone. According to Benzinga Analyst Ratings , Seaport Global and Roth Capital also cut Intel to Neutral on Friday, while seven firms lowered their price targets. KGI Securities went the other way, upgrading the stock to Outperform. Date Firm Price Target Action Rating Oct 30, 2026 B of A Securities $145 → $100 Downgrade Buy → Neutral Oct 30, 2026 Roth Capital $120 → $70 Downgrade Buy → Neutral Oct 30, 2026 Seaport Global — Downgrade Buy → Neutral Oct 30, 2026 KGI Securities $95 Upgrade Neutral → Outperform Oct 30, 2026 StoneX $140 → $100 Maintains Buy Oct 30, 2026 Susquehanna $105 → $75 Maintains Neutral Oct 30, 2026 Cantor Fitzgerald $125 → $90 Maintains Neutral Oct 30, 2026 KeyBanc $155 → $140 Maintains Overweight Oct 30, 2026 Evercore ISI Group $133 → $131 Maintains Outperform Oct 30, 2026 Needham — Maintains Hold The selloff spread across chipmakers. The VanEck Semiconductor ETF SMH fell 5.9%, while Advanced Micro Devices Inc. AMD slid 9.3%. Arya flagged the PC slump as a headwind for AMD, which reports next week.

DEUTSCHE BANK WARNS AI SELLOFF COULD WEAKEN US DOLLAR Deutsche Bank warns the US dollar may lose its traditional safe-haven status during an AI-driven stock market correction. Foreign investors hold over $20 trillion in US equities, with roughly 90% of that value attributed to price appreciation. According to strategist George Saravelos, a US-led technology selloff could push stocks and the dollar lower simultaneously, potentially triggering increased currency hedging by foreign investors. The key takeaway: An AI-driven market correction could create a double hit to US equities and the dollar, challenging traditional safe-haven assumptions.

RFK Jr. Removes Restrictions On Unapproved Peptide Injections [链接预览] zerohedge.com RFK Jr. Removes Restrictions On Unapproved Peptide Injections It covers six peptides, including BPC-157 and Epitalon...

Binance hack came just as algos were about to figure out that if the AI debt bubble is over, only the good old Treasury bubble remains

China to expand cooperation with Germany in vehicles, AI

T-Mobile Says No to Elon Musk's Disruption Bid on Verizon, AT&T. Elon Musk ’s push to turn Space Exploration Technologies Corp. SPCX into a full-fledged wireless carrier is running into resistance from one of the companies whose network could have helped him get there. T-Mobile US, Inc. TMUS CEO Srini Gopalan has ruled out an arrangement that would let SpaceX operate as a mobile virtual network operator, closing off a potential shortcut as the satellite company moves closer to competing with Verizon Communications Inc. VZ and AT&T Inc. T . T-Mobile Draws a Line Speaking on T-Mobile’s Oct. 28 earnings call , Gopalan said he saw "no room for an MVNO with SpaceX," either on the consumer side or in physical and edge artificial intelligence. An MVNO sells wireless service using another carrier’s network. Such a deal could have given SpaceX a faster route into the mobile market as it develops its own infrastructure. Gopalan said T-Mobile evaluates MVNO deals based on whether they bring new customers, distribution channels or capabilities. He views satellite connectivity as complementary to traditional wireless service, but said that does not justify a broader network arrangement. "If it’s a complementary product, I’m very happy to look at a resale arrangement," he said. "But an MVNO is a wholly different thing." SpaceX Wants Its Own Network The rejection comes as SpaceX explores a bigger role in U.S. wireless. Reuters reported that the company was in talks to secure access to at least 80,000 cell sites, potentially laying the groundwork for a fourth nationwide wireless carrier. The discussions followed SpaceX’s acquisition of low-band spectrum, which could help it connect phones over a terrestrial network. Reuters also reported that TD Cowen estimates a nationwide buildout could cost more than $80 billion and take years. SpaceX would need substantial ground infrastructure to compete directly with established carriers. A Rival, Not Just a Partner For T-Mobile, the distinction is strategic. Gopalan said satellite service can fill coverage gaps, but argued that T-Mobile’s fixed wireless access business and urban network offer little reason to fold a satellite provider into its core wireless operation. He left room for commercial arrangements in which SpaceX could be a customer or supplier. The decision does not stop SpaceX from building a competing network. It does remove one possible route to market and shows that established carriers may be reluctant to help a potential rival scale. For investors, the threat is real but not immediate: analysts have warned that SpaceX’s network ambitions could take years and billions of dollars to materialize. T-Mobile’s refusal is an early sign of how difficult it may be for a new entrant to secure the partnerships needed to challenge wireless incumbents.

US DISCUSSES IRAN BLOCKADE AS POST-ELECTION STRIKES REMAIN POSSIBLE US officials say yesterday's high-level meeting focused on economic pressure against Iran rather than military strikes, according to Axios reporter Barak Ravid. 🔸 More than 20 officials attended the meeting. 🔸 Economic blockade and additional pressure measures were discussed extensively. 🔸 Military strikes remain an option, potentially immediately after the US midterm elections.

Nvidia Stock Is Set for Its Worst Month in a Year. Time to Buy the Dip. — Barrons.com. By Jack Denton There's nothing like stock market carnage to clarify genuine investor optimism. Nvidia stock tumbled 3% Friday, falling along with other chipmakers as the wider tech sector sold off. Chip stocks have had a rough go amid worries over debt and the sustainability of artificial-intelligence spending. The latest declines were triggered by earnings from Amazon.com and Intel, both of which spooked investors over cash flow concerns. For Nvidia investors, this might be the time to buy the dip. Nvidia stock is trading at its lowest levels since early August and, if early action on Friday is anything to go by, is set to close out October with a decline of more than 9%. That would mark the worst month since November 2025, when it fell 12.6%. Nvidia stock is on track for its worst performance in the first 10 months of a year since 2022, up just 11% in 2026 so far. The fact remains that, if investors liked Nvidia a month ago, they should still like it today. Wall Street certainly agrees. Despite its drop over the last month, 96% of analysts surveyed by FactSet rated Nvidia stock a Buy, with an average target price of $334, which implies the shares could climb more than 60% from their current level. Barron's has previously reported that the chip stock chaos is likely to, above all else, sort the winners from the losers. No matter the pinch Nvidia stock has felt in recent weeks — and no matter that debt and AI spending are significant considerations — the chipmaker remains at the top of the AI game. Write to Jack Denton at jack.denton@barrons.com This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

Semiconductor Stocks Fall as Intel Earnings Trigger Broad Tech Selloff — Update. By Connor Hart Semiconductor shares broadly fell following disappointing results and a downbeat outlook from Intel, along with an earnings miss from Amazon, which fueled fresh concerns around the artificial intelligence trade. The selloff rippled across the sector, hitting equipment manufacturers, foundries and analog suppliers. Broadcom shares were down nearly 5% in morning trading Friday, while Advanced Micro Devices plunged nearly 10%. Shares of Micron Technology slipped 4.4%. The rout follows Intel's earnings on Thursday, when the company gave soft fourth-quarter guidance and forecast a prolonged slowdown in personal-computer sales, mostly because of high memory-chip prices. Intel's stock lost more than a quarter of its value Friday, erasing more than $120 billion from the company's market capitalization. Wafer fab equipment makers were down, with Applied Materials down over 5% and Lam Research slipping 5.3%. The sector is susceptible to chipmakers' concerns over spending and memory and logic spending cuts. Meanwhile, Qualcomm was trading lower in sympathy with broader wireless and handset demand with fears over enterprise hardware sluggishness and smartphone demand bottlenecks. CoreWeave, whose stock has been struggling due to concerns over its bonds and has a rapidly growing need for data centers to host that computing, fell 8.9% on Friday. Shares of Nvidia and Oracle were both down more than 3%. The chip pullback comes after a bruising week for Big Tech and AI stocks. Over the past week, investors became uneasy following earnings reports from Alphabet, Amazon and Meta Platforms, which fueled concerns about the payoff from AI-infrastructure spending. Alphabet's stock suffered its worst day on record Thursday, losing roughly $500 million in market value, after the tech giant said Google's search revenue growth waned due to the less lucrative nature of AI searches. Meanwhile, shares of Amazon were about 1.5% lower on Friday, after the company's third-quarter revenue and net income missed analysts' estimates. Overall free cash flow plunged to a $42.4 billion outflow. The reports came on the heels of Meta, which last week said it plans to continue spending "aggressively" on AI. The company unveiled plans to raise up to $95 billion in waves of stock offerings to fund its unending AI investments, including creating a new class of nonvoting stock in an at-the-market stock offering program of up to $60 billion. Meta's free cash flow also went into negative territory for the first time since it became a public company last week, although analysts had expected a stronger downturn. The company reported negative free cash flow of $2.1 billion versus analyst projections of negative $9.4 billion. Write to Connor Hart at connor.hart@wsj.com

Axios' Ravid: Multiple US officials say focus of yesterday's meeting wasn't strikes; more than 20 attended, blockade and economic pressure discussed at length; strikes could still happen immediately after the midterms

$INTC - INTEL 5-YEAR CREDIT DEFAULT SWAP WIDENS TO RECORD HIGH OF 123.5 BPS, ON TRACK FOR BIGGEST ONE-DAY MOVE SINCE OCTOBER 2022 - MARKIT DATA

Intel credit risk gauge hits record high after results. The cost of insuring Intel's INTC debt against default surged to an all-time high on Friday, after the company warned it would burn cash this year due to the faltering PC market. Five-year credit default swaps (INTC5YUSAX=MG) widened 17.5 basis points to a record high of 124.75 bps and were on pace for the biggest one-day jump since October 2022, Markit data showed.

Fear & Greed Index: 29/100 - Fear

【最新内容：Barak Ravid @BarakRavid · 2026-10-30T14:18:18.000Z】 [转推] LiveSquawk reposted As far as I know from multiple US officials the focus of the meeting yesterday wasn't strikes. More than 20 people attended. Blockade and economic pressure were discussed at length. It doesn't mean strikes couldn't happen immediately after the midterms 【引用内容：Brian Kilmeade @kilmeade · 2026-10-30T12:06:14.000Z】 WSJ: Trump gets top-level briefing on Iran options

Crypto Fear & Greed Index: 30/100 - Fear

Russia Plans to Extend Diesel-Export Ban With Exemptions

[转推] LiveSquawk reposted Emerson College 10/26 – 10/28 800 LV Kansas US Senate General Ballot Test 🔵 Adam Hamilton -- 48.7% 🔴 Roger Marshall -- 45.2% 🟡 David Graham -- 2.9% Kansas Governor General Ballot Test 🔴 Ty Masterson -- 50.0% 🔵 Cindy Holscher -- 46.3% https://emersoncollegepolling.com/october-2026-kansas-poll-hamilton-maintains-edge-over-marshall/… --- VIEW OUR POLLING AVERAGES HERE: https://votes.decisiondeskhq.com/polls/3400 [链接预览] October 2026 Kansas Poll: Hamilton Maintains Edge over Marshall in Toss-up Election - Emerson...

Monolithic Power Systems Inc reports results for the quarter ended September 30 - Earnings Summary. Monolithic Power Systems Inc MPWR reported quarterly adjusted earnings of $8.19​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $4.73. The mean expectation of fifteen analysts for the quarter was for earnings of $7.75 per share. Wall Street expected results to range from $7.66 to $8.02 per share. Revenue rose 63.1% to $1.20 billion from a year ago; analysts expected $1.15 billion. Monolithic Power Systems Inc's reported EPS for the quarter was $5.51​. The company reported quarterly net income of $271.07 million. Monolithic Power Systems Inc shares had fallen by 11.0% this quarter and gained 32.3% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had risen by about 3.3% in the last three months.​ In the last 30 days, there have been no negative revisions of earnings estimates RECOMMENDATIONS The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy" Wall Street's median 12-month price target for Monolithic Power Systems Inc is $1,800.00, about 33.4% above its last closing price of $1,198.81 This summary was machine generated from LSEG data October 30 at 02:16 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com ) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2026 7.75 8.19 Beat Jun. 30 2026 5.87 6.50 Beat Mar. 31 2026 4.90 5.10 Beat Dec. 31 2025 4.72 4.79 Beat

MAJOR BANKS RAISE OIL PRICE FORECASTS FOR 2026 AND 2027 Major banks have raised their oil price forecasts, according to a Wall Street Journal survey. 2026 Forecasts: 🔸 Brent: $90.40/bbl, up from $88.13 🔸 WTI: $84.38/bbl, up from $82.98 Q4 2026 Forecasts: 🔸 Brent: $94.78/bbl, up from $90.22 🔸 WTI: $88.10/bbl, up from $85.47 2027 Forecasts: 🔸 Brent: $76.74/bbl, up from $74.75 🔸 WTI: $70.52/bbl, up from $69.86 Q1 2027 Forecasts: 🔸 Brent: $84.63/bbl, up from $83.44 🔸 WTI: $79.71/bbl, down from $79.88 The key takeaway: Banks expect elevated oil prices through late 2026, followed by moderation in 2027. Source: The Wall Street Journal — Major Banks Oil Price Survey

What is the #1 worst performing stock in your portfolio so far today

Major banks raise 1Q27 Brent price forecast, WSJ survey finds

FBI ON BINANCE HACK: IS ENGAGED WITH RELEVANT PUBLIC AND PRIVATE PARTNERS TO COORDINATE APPROPRIATE INVESTIGATIVE STEPS

How Stock Wipeouts for Alphabet and Intel Compare With the Top One-Day Losses — WSJ. By Ed Ballard Intel stock tumbled 29% this morning due to a slumping PC market, putting the company on course to see more than $140 billion of market value erased. It's an astounding loss-but not nearly big enough to make the all-time list of mega market-cap wipeouts. It's a different story for Alphabet, which shed nearly $500 billion in market value yesterday as investors confronted the reality that AI is threatening the company's core search business. That was the second-worst day on record for a U.S. company, as measured by evaporated market value. The list is dominated by recent moments when the AI trade blew a gasket. The worst day ever? That was Nvidia, back in January last year, when investors freaked out about Chinese AI upstart DeepSeek and its low-cost models. Concerns about low-cost competitors to the likes of Anthropic and OpenAI remain one of the clouds hanging over the AI investment boom. If Intel closes at its current levels, it wouldn't even sneak into the top-100 all time losses. America has a lot of valuable companies, and sooner or later everybody has a bad day. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

🔴 Major banks raise 2026 oil price forecast, WSJ survey finds

【最新内容：zerohedge @zerohedge · 2026-10-30T14:14:51.000Z】 All downhill from here 【引用内容：zerohedge @zerohedge · 2026-10-30T14:13:27.000Z】 Flash Crash: Kioxia Warns NAND Price Surge Ending, Sending Sandisk Plunging https://zerohedge.com/markets/flash-crash-kioxia-warns-nand-price-surge-ending-sending-sandisk-plunging…

Estee Lauder Partners With Microsoft To Advance Cloud, Data, AI. REDMOND (dpa-AFX) - The Estee Lauder Companies, Inc. (EL) announced Friday a strategic partnership with Microsoft Corp. (MSFT) to strengthen its cloud infrastructure, data capabilities, and artificial intelligence adoption across the enterprise. The collaboration will connect data and intelligent tools to support faster innovation, more efficient operations, and more relevant consumer experiences. This partnership is central to The Estee Lauder's One Operating Ecosystem, which integrates shared platforms, connected data, and strategic technology partners to enable consistent and scalable execution across the organization. A primary focus of the expanded partnership involves advancing the company's Unified Data Platform through the Microsoft platform. Connecting data across brands, regions, channels, and functions will reduce duplication, enable reusable data products, and create more consistent access to data-driven insights. The shared foundation will support three strategic priorities: New Capabilities & Growth, Decision Intelligence, and Productivity & Automation. Through strengthening its data foundation for an AI-enabled consumer ecosystem, Estee Lauder is investing in its Unified Consumer Data Platform to deepen understanding of consumer needs and preferences, enabling more personalized experiences. To advance Decision Intelligence, the company is embedding AI in workflows and building a shared enterprise foundation that strengthens connectivity across functions. Estee Lauder is equipping employees with secure AI tools including Microsoft Copilot and automating repetitive, manual work so teams can focus on strategy, innovation, and higher-value decision-making. The company has expanded Copilot across its global office-based workforce, reaching more than 14,000 employees. The long-term strategic partnership with Microsoft supports Estee Lauder's Beauty Reimagined strategy, bringing together technology, data, and AI to strengthen consumer centricity, accelerate innovation, improve productivity, and create sustainable value. Copyright(c) 2026 RTTNews.com. All Rights Reserved Copyright RTT News/dpa-AFX

Exxon CEO expects global refining capacity could begin to recover next year but may take longer.

Flash Crash: Kioxia Warns NAND Price Surge Ending, Sending Sandisk Plunging

FBI ON BINANCE HACK: AWARE OF INCIDENT; ENGAGED WITH RELEVANT PARTNERS TO UNDERSTAND SCOPE OF ACTIVITY AND EVALUATE POTENTIAL IMPACTS

Exxon estimates half of Russia's refining capacity is offline.

Richmond Fed President Tom Barkin to SiriusXM Business Radio: "I think the direction of travel is pretty straightforward. I think the question though is pace. And so what we said at our September meeting is we signaled a gradual approach. I think gradual makes sense when you're not much behind the curve where you want time to learn, both from the economic environment and the external environment. And so we haven't seen much change since then. I think a gradual approach is a good way to go, and we'll see what we learn over the next period of time."

Richmond Fed President Tom Barkin to SiriusXM Business Radio: "I think the direction of travel is pretty straightforward. I think the question though is pace. And so what we said at our September meeting is we signaled a gradual approach. I think gradual makes sense when you're not much behind the curve where you want time to learn, both from the economic environment and the external environment. And so we haven't seen much change since then. I think a gradual approach is a good way to go, and we'll see what we learn over the next period of time."

Argus Research maintains Microsoft at Buy. Argus Research maintained Microsoft at Buy. Recent analyst actions on Microsoft Date Firm Action Rating Price target Oct 29 Bernstein Maintains Outperform $722 Oct 29 RBC Capital Reiterates Outperform $640 Oct 29 Citigroup Maintains Buy $680 Oct 29 DA Davidson Maintains Buy $650 Oct 29 TD Cowen Maintains Buy $650 Across the five most recent analyst notes published on Microsoft over the past 30 days, price targets range from $640 to $722. Explore more price target data and ratings for Microsoft on the Forecasts tab , and track all previous and future analyst recommendations in the dedicated News Flow .

BITCOIN BREAKS BELOW $80,000 SUPPORT AFTER BINANCE HACK Bitcoin fell 2.1% to $77,182, hitting a six-week low of $76,368 overnight following the reported Binance hack. Trade Nation analyst David Morrison says Bitcoin has broken below the $80,000 support level it had defended for six weeks. The next key support is $75,000, with a breakdown potentially opening the door to a retest of summer lows.

Marvell Rumored to Buy Lumentum in Major Challenge to Broadcom: Counterpoint. Marvell Technology Inc. MRVL could significantly expand its position in AI data-center networking through a rumored acquisition of Lumentum Holdings Inc. LITE , giving the chipmaker greater control over critical optical components as the industry shifts toward co-packaged optics. Counterpoint Research Associate Director Gareth Owen said on Thursday that a potential Marvell acquisition of Lumentum would help the chipmaker protect its position as AI data-center networking shifts from copper toward co-packaged optics. CPO Shift Creates Strategic Rationale Owen said Marvell risks losing some DSP demand as optics moves closer to XPUs and switch ASICs. Acquiring Lumentum would give Marvell exposure to optical links that do not use DSPs and broaden its position across AI networking interconnects. He highlighted Lumentum’s indium phosphide laser fabs as a major strategic asset. Lumentum and Coherent control most global InP capacity, while new fabs take years to build. Because Marvell already buys lasers from Lumentum, owning those facilities could secure access to a scarce component used across AI optical links. Deal Would Broaden Marvell’s Optical Portfolio Owen said the deal would also complement Marvell’s silicon portfolio by adding CW and EML lasers, NPO/CPO optics, optical circuit switching and transceiver modules. He noted that the acquisition would extend Marvell’s photonics strategy following its $5.5 billion Celestial AI acquisition earlier this year. Vertical Integration Could Strengthen Competition If completed, Owen said the transaction could make Marvell one of the few suppliers spanning both the electrical and optical sides of AI networking, while simplifying its supply chain and strengthening its position against Broadcom Inc. AVGO , Coherent Corp. COHR and Chinese optical-module vendors. However, he also flagged potential risks. A transaction of this scale could face regulatory scrutiny because of Lumentum’s role in a strategically important supply chain, while some module vendors that currently rely on Marvell DSPs could shift toward alternatives such as Broadcom or Credo Technology Group Holding Ltd. CRDO . Price Action: Lumentum Holdings shares were down 9.6% at $831.23 and Marvell Technology shares were down 6.9% at $203.30 in early trading on Friday, according to Benzinga Pro data .

CYBERSECURITY EXPERTS WARN AI COULD FUEL MORE BINANCE-SCALE HACKS Cybersecurity experts warn that AI is making large-scale cyberattacks faster, more sophisticated and increasingly common. Stefan Deiss of The Hashgraph Group says AI allows hackers to identify and exploit vulnerabilities faster than companies can fix them. Andy Ward of Absolute Security warns that even larger breaches with greater financial consequences could follow. There is currently no evidence that AI was used in the Binance hack.

Kuaishou's Kling AI unit completes a near $3 billion funding round. Tencent-backed 700 Kuaishou Technology 1024 said on Friday that its unit Beijing Kling has completed a fundraising round of about 19.8 billion yuan ($2.98 billion). The short-video platform operator will hold two-thirds of the equity and 52.45% of voting rights in the Kling AI maker through its Lucky Labs holding vehicle. The fundraise comes after a $2.8 billion raise in July, which drew investors like Alibaba BABA and Tencent, when Kling was valued at $15 billion pre-money Kuaishou did not reveal how Kling would use the proceeds Among new investors in the latest round: A unit of Hong Kong-listed Kingdee International 268 invested 300 million yuan, Gongqingcheng Junke put in 200 million yuan and a unit of Shanghai-listed MetaX 688802 added 100 million yuan They partially took over other investors' commitments and received redemption rights Kling competes with AI video generation models of OpenAI, Google GOOG and TikTok owner ByteDance Kling is planning for an IPO next year, Bloomberg News reported earlier this month citing people familiar with the matter ($1 = 6.66 Chinese yuan renminbi)

KLA Price Target Maintained With a $225.00/Share by Argus Research. Ratings actions from Benzinga: https://www.benzinga.com/quote/KLAC/analyst-ratings

Semiconductor Stocks Fall as Intel Earnings Trigger Broad Tech Selloff — Update. By Connor Hart Semiconductor shares broadly fell following disappointing results and a downbeat outlook from Intel, along with an earnings miss from Amazon, which fueled fresh concerns around the artificial intelligence trade. The selloff rippled across the sector, hitting equipment manufacturers, foundries and analog suppliers. Broadcom shares were down nearly 5% in morning trading Friday, while Advanced Micro Devices plunged nearly 10%. Shares of Micron Technology slipped 4.4%. The rout follows Intel's earnings on Thursday, when the company gave soft fourth-quarter guidance and forecast a prolonged slowdown in personal-computer sales, mostly because of high memory-chip prices. Intel's stock lost more than a quarter of its value Friday, erasing more than $120 billion from the company's market capitalization. Wafer fab equipment makers were down, with Applied Materials down over 5% and Lam Research slipping 5.3%. The sector is susceptible to chipmakers' concerns over spending and memory and logic spending cuts. Meanwhile, Qualcomm was trading lower in sympathy with broader wireless and handset demand with fears over enterprise hardware sluggishness and smartphone demand bottlenecks. CoreWeave, whose stock has been struggling due to concerns over its bonds and has a rapidly growing need for data centers to host that computing, fell 8.9% on Friday. Shares of Nvidia and Oracle were both down more than 3%. The chip pullback comes after a bruising week for Big Tech and AI stocks. Over the past week, investors became uneasy following earnings reports from Alphabet, Amazon and Meta Platforms, which fueled concerns about the payoff from AI-infrastructure spending. Alphabet's stock suffered its worst day on record Thursday, losing roughly $500 million in market value, after the tech giant said Google's search revenue growth waned due to the less lucrative nature of AI searches. Meanwhile, shares of Amazon were about 1.5% lower on Friday, after the company's third-quarter revenue and net income missed analysts' estimates. Overall free cash flow plunged to a $42.4 billion outflow. The reports came on the heels of Meta, which last week said it plans to continue spending "aggressively" on AI. The company unveiled plans to raise up to $95 billion in waves of stock offerings to fund its unending AI investments, including creating a new class of nonvoting stock in an at-the-market stock offering program of up to $60 billion. Meta's free cash flow also went into negative territory for the first time since it became a public company last week, although analysts had expected a stronger downturn. The company reported negative free cash flow of $2.1 billion versus analyst projections of negative $9.4 billion. Write to Connor Hart at connor.hart@wsj.com

Marvell's $MRVL reporteded deal to acquire Lumentum $LITE is going to be a ALL STOCK deal - CNBC

Bears Load Up on Ondas, Dutch Bros and 8 More Stocks — Is a Squeeze Brewing. Short sellers have piled into 10 stocks valued at $2 billion or more, and the crowding has reached extreme levels. Screener data reviewed Friday morning shows short interest above 34% of the float for every name on the list. Heavy short interest carries real risk short sellers who profit when a stock falls. A surprise rally, however, can force them to buy back shares to limit losses, and the rush to cover can send prices sharply higher in a short squeeze. ONDS stock is heavily shorted. Get all the details here. Here are the most heavily shorted stocks (with market caps above $2 billion and 14-day average trading volumes of at least 1 million shares) as Friday, according to data from Benzinga Pro . The 10 Most-Shorted Stocks Company Ticker Short % of Float Venture Global Inc. VG 83.81% MiniMed Group Inc. MMED 72.56% Dutch Bros Inc. BROS 49.08% Ondas Holdings Inc. ONDS 43.86% Under Armour Inc. UAA 43.17% Kohl’s Corp. KSS 40.56% Beam Therapeutics Inc. BEAM 39.52% Charter Communications Inc. CHTR 39.11% Navan Inc. NAVN 36.11% Acadia Healthcare Co. Inc. ACHC 34.54% The Leaders Venture Global Inc. VG leads the pack with 83.81% of its float sold short. The company also carries the largest market value in the group at $37.38 billion and has averaged 13.93 million shares traded per day over the past 14 sessions. MiniMed Group Inc. MMED ranks second at 72.56%. Dutch Bros Inc. BROS claims third place at 49.08%, well behind the top two but still among the most crowded bearish bets in the market. Ondas Holdings Inc. ONDS follows at 43.86%. Ondas stands apart on trading activity. Its 14-day average volume of 61.94 million shares tops every other stock in the group by a wide margin. The Rest of the Pack Under Armour Inc. UAA and Kohl’s Corp. KSS both carry short interest above 40%. Beam Therapeutics Inc. BEAM and Charter Communications Inc. CHTR sit just below 40%, separated by less than half a percentage point. Navan Inc. NAVN and Acadia Healthcare Co. Inc. ACHC round out the top 10 at 36.11% and 34.54%, respectively. A Shaky Backdrop Megacap earnings have rattled the market all week. Alphabet Inc. GOOG GOOGL shares tanked Thursday after the company reported worse-than-expected earnings , revenue and capital spending, along with negative free cash flow of $9.07 billion. Friday brought more pain. Amazon.com Inc. AMZN slid 7% and Intel Corp. INTC sank 28% in early trading after both reported quarterly numbers that disappointed investors, pulling the Nasdaq down. Amazon missed on both earnings and revenue, while Intel issued guidance below expectations. Crypto offered no relief. Binance halted trading Thursday after hackers allegedly linked to North Korea stole more than $6 billion, the largest crypto hack in history. The exchange said an initial investigation tied the breach to a compromised laptop belonging to one of its engineers, and co-founder Yi He pledged Binance will cover all hacking losses. Bitcoin BTCUSD traded down 5% and under $77,000 on Friday morning, according to Benzinga Pro market data. Sudden swings in sentiment can work in either direction for crowded trades. Fear can reward the bears. A relief rally can punish them fast. What Could Spark a Squeeze Earnings beats, stronger guidance or a broad market rebound could each push short sellers to cover. Without a catalyst, bears may keep pressing their bets. Squeezes rarely announce themselves in advance. Each of these 10 stocks carries enough short interest to make the next surprise a big one. Reminders: Highly shorted stocks are battlegrounds where negative fundamentals meet speculative trading.​ Short squeezes can deliver huge, fast gains, but at high risk and volatility.​ Monitoring the short interest leaderboard can help identify which stocks might be the next short squeeze, but timing such trades remains extremely challenging.​ Always conduct due diligence, as the volatility often reflects deep underlying risks and business uncertainty.

CHINA COMMERCE MINISTRY SAYS FCC MEASURES SERIOUSLY DISRUPT GLOBAL SUPPLY CHAIN STABILITY

CHINA COMMERCE MINISTRY SAYS ON US FCC CHINA LAB TESTING BAN: STRONGLY DISSATISFIED WITH, FIRMLY OPPOSES FCC VOTE ON TESTING LAB RESTRICTIONS

China commerce ministry: if US continues, China will implement additional necessary countermeasures

China commerce ministry: Beijing had repeatedly suggested talks on bilateral mutual recognition pact, US stance ‘extremely negative’

China commerce ministry: FCC action breaches key consensus reached by two heads of state - statement

China Commerce Ministry, on US FCC China lab testing ban: Strongly dissatisfied with, firmly opposes fcc vote on testing lab restrictions

Reddit Crashes As Weak User Growth Spooks Wall Street

CHINA: SWITZERLAND TO FURTHER OPEN FOOD MARKET TO IT