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Sunday, October 25, 2026Oct 25, 2026 · morning edition

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AI chip stocks sink in broad Thursday selloff

AMD and Marvell each fell about 8% on Oct. 22 after a supply-chain warning from Lam Research and a jump in oil prices rattled investors in AI-linked chipmakers.

Signal feed

9 moves
Lisa SuIPO / MarketsAI & techAMDAI read · ▼ Overdone?

AMD stock drops 8% as chip-sector selloff deepens

The move

AMD shares fell 8.1% to $507.93 on Oct. 22, part of a broader tech selloff after chipmaking-equipment supplier Lam Research warned on Oct. 21 that supply-chain constraints were limiting its own revenue guidance, and as oil prices jumped on renewed Middle East conflict.

Why it matters

The drop shows how exposed AI-chip stocks are to supply-chain and macro shocks even when the companies' own results are strong.

The bear case

AMD's business hasn't changed; one bad trading day in a volatile sector doesn't reflect the company's actual AI chip demand.

What to watch

AMD's next earnings report, expected in early November 2026.

Source · The Motley FoolRead original ↗Report an error
Charles Koch & familyIPO / MarketsAI & techMRVLAI read · ▼ Sector risk

Marvell falls 8% in broad AI chip selloff

The move

Marvell shares fell about 8% on Oct. 22 to $224.64 in morning trading, part of a semiconductor-wide selloff triggered by chipmaking-equipment supplier Lam Research, which warned on Oct. 21 that supply constraints were limiting its own revenue guidance.

Why it matters

The selloff hit a stock Charles Koch's family holds as an investment, underscoring how sensitive AI-chip investors remain to supply-chain warnings.

The bear case

Marvell had already rallied sharply this year; some of the drop looks like profit-taking after a steep run-up rather than a change in its own business.

What to watch

Whether other chip-equipment makers confirm or ease Lam Research's supply warning in their own results.

Source · 24/7 Wall St.Read original ↗Report an error
François Pinault & familyIPO / MarketsLuxury & retailKER.PAAI read · ▼ Turnaround stalls

Kering stock sinks 12% as Gucci sales keep falling

The move

Kering reported third-quarter 2026 revenue of 3.35 billion euros on Oct. 22, roughly flat and in line with estimates, but sales at its largest brand, Gucci, fell 6% on a comparable basis, with Gucci's retail sales down 9%; shares slid in early trading as investors weighed the cost and pace of the Gucci turnaround.

Why it matters

Gucci drives most of Kering's profit, so another quarter of weak sales there raises doubts about the pace of the turnaround Pinault's family is counting on.

The bear case

Kering's jewelry and eyewear divisions grew strongly, so the group isn't shrinking everywhere, and management said October trends were in line with the quarter.

What to watch

Kering's full-year 2026 results and any update on Gucci's turnaround plan.

Source · Streamline FeedRead original ↗Report an error
Stephen SchwarzmanIPO / MarketsFinanceBXAI read · ▲ Fee machine

Blackstone shares jump 8% on strong third-quarter results

The move

Blackstone shares rose about 8.4% on Oct. 22 after the firm reported third-quarter distributable earnings of $1.7 billion, or $1.32 a share, above the $1.29 analysts expected, with total assets under management reaching a record $1.4 trillion, up 10% from a year earlier.

Why it matters

The jump shows investors rewarding Blackstone's fee income and profitability even as some rivals in private markets face slower dealmaking.

The bear case

Revenue of $3.06 billion came in below the $3.35 billion analysts expected, so not every part of the quarter beat forecasts.

What to watch

Blackstone's next dividend payment, declared at $1.12 a share for holders of record on Nov. 2, 2026.

Source · Simply Wall StRead original ↗Report an error
Daniel EkIPO / MarketsMediaSPOTAI read · ▲ Beat and raise

Spotify shares jump as revenue and users top expectations

The move

Spotify reported third-quarter 2026 revenue of 5.0 billion euros, up 16% year over year, with premium subscribers growing 9% to 306 million and monthly active users up 11% to 788 million; the company said gross margin and operating income came in ahead of its own guidance.

Why it matters

Strong subscriber and profit growth support Daniel Ek's push to make Spotify consistently profitable, not just bigger.

The bear case

GAAP diluted earnings per share came in below the consensus estimate, ending a run of quarterly beats, which some investors read as a yellow flag.

What to watch

Spotify's fourth-quarter operating income guidance of about 820 million euros.

Source · Spotify NewsroomRead original ↗Report an error
Masayoshi SonIPO / MarketsAI & tech9984.TAI read · ▼ Debt worries

SoftBank shares fall as AI debt worries deepen

The move

SoftBank Group shares fell 6.9% in Tokyo on Oct. 22 to close at 4,305 yen, about half their record closing price from June, as rising borrowing costs raised doubts about the sustainability of Masayoshi Son's heavy AI investment spending.

Why it matters

The decline reflects growing investor concern about how SoftBank will keep funding its enormous bets on OpenAI and other AI companies as borrowing costs climb.

The bear case

SoftBank's underlying AI stakes, including in OpenAI, haven't been written down; the drop is about financing worries, not a confirmed loss in value.

What to watch

SoftBank's next earnings report, due Nov. 10, 2026, for an update on its OpenAI funding commitments.

Source · GuruFocusRead original ↗Report an error
Elon MuskIPO / MarketsAutosTSLAAI read · ▲ Steadying

Tesla beats on profit and deliveries, but revenue is flat

The move

Tesla reported third-quarter 2026 revenue of $28.05 billion, flat from a year earlier, with non-GAAP earnings per share of $0.48 beating the $0.45 consensus though down 4% from a year ago; the company delivered 486,532 vehicles, above the 461,974 analysts expected but down 2.1% year over year.

Why it matters

The quarter shows Tesla stabilizing profit margins even as vehicle deliveries keep shrinking from a year ago, a trend Elon Musk has leaned on robotaxi and energy-storage growth to offset.

The bear case

Energy storage deployments of 13.7 GWh missed the roughly 15.9 GWh analysts expected, showing growth has slowed in the business Tesla has pointed to as its next driver.

What to watch

Tesla's full fourth-quarter delivery and production numbers, typically reported in early January.

Source · ElectrekRead original ↗Report an error
Eric SchmidtIPO / MarketsAI & techPrivateAI read · ▲ Paper windfall

Eric Schmidt's early Anthropic bet nears a huge payout

The move

Bloomberg reported on Oct. 19 that former Google CEO Eric Schmidt owns roughly 1% of Anthropic, a stake built by investing in the AI company's 2021 Series A round; Reuters reported the week before that some investors have discussed an IPO valuation around $1.5 trillion, down from earlier talk of about $2 trillion.

Why it matters

If Anthropic goes public near those valuations, Schmidt's stake could be worth billions, making him one of the AI boom's biggest individual winners outside the companies he has run.

The bear case

The valuation range is still being debated by investors and could move again before any IPO actually prices, and the exact size of Schmidt's stake hasn't been confirmed.

What to watch

Anthropic's IPO marketing, which could begin as early as Nov. 9, 2026.

Source · The Star (Malaysia)Read original ↗Report an error
Aliko DangoteIPO / MarketsIndustrialsPrivateAI read · ▲ Strong demand

Dangote refinery extends IPO deadline on strong demand

The move

Dangote Petroleum Refinery extended the application deadline for its roughly $1.6 billion initial public offering by two weeks, to Oct. 27, after Nigeria's securities regulator approved the change; the company cited strong investor demand across Africa and said the extra time would let more applicants finish account-opening and identity checks.

Why it matters

A well-subscribed offering would mark one of Africa's largest IPOs and give Aliko Dangote's refinery a much broader shareholder base beyond his own holding.

The bear case

A longer subscription window can also signal the offer wasn't filling fast enough by the original deadline, not just rising demand.

What to watch

The new Oct. 27 deadline and the planned share-allotment announcement to Nigeria's SEC on Nov. 10, 2026.

Source · TimesLIVERead original ↗Report an error

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