Wednesday, October 28, 2026 · 1:22 AM ET
Earnings
Robinhood reported Q3 2026 revenue of $1.4B (up 12% YoY, just below the $1.42B estimate) and EPS of $0.51 that missed $0.56, hurt by an unrealized investment loss; platform assets rose 19% to $396B and Gold subscribers jumped 34% to 5.2M.
Earnings
SoFi's Q3 revenue surged 44% YoY to $1.4B with adjusted EPS up 64% to $0.18 and members up 35% to 17.1M; it guided FY2027 to $6.4B revenue and $0.90 EPS, both above expectations.
Chips
Alibaba, Tencent and ByteDance are reportedly seeking memory supply agreements of up to 10 years with Samsung and SK Hynix to lock in DDR5 and LPDDR5 for AI data centers, reinforcing structural demand across the memory industry including Micron.
AI Infrastructure
Meta reportedly upsized its Class A offering to $25B from $22.5B at $625/share to fund AI capex of $135B-$145B in 2026, with Nvidia investing $3B and AMD $1B, giving two key chip suppliers direct equity exposure.
Hardware
Qualcomm and Anduril are teaming on BlueChip to make rugged, American-made laptops for the U.S. military and first responders, assembled at Anduril's Ohio facility on Snapdragon X chips; first units expected in 2027.
Macro
President Trump reiterated replacing 'Artificial Intelligence' with 'Super Intelligence' in executive-branch communications and separately suggested Venezuela could become the 51st U.S. state, touting expanded American access to Venezuelan oil.
Markets
Tesla rose about 4% to $407.46, extending Monday's 5.2% gain, after Barclays upgraded it to Overweight and lifted its target to $450 from $370, citing demand, energy storage, robotaxi momentum (1,050+ Texas vehicles) and a potential SpaceX merger.
Markets
The iShares MSCI Brazil ETF (EWZ) plunged 19.8% on October 26, an estimated 8.4-standard-deviation move versus its historical volatility, underscoring the severity of the selling pressure in Brazilian equities.
Tech
Waymo is expanding its fully autonomous ride-hailing by nearly 250 square miles across five existing U.S. markets over the next week, adding coverage in Los Angeles, San Diego, Nashville, Orlando and the San Francisco Bay Area.
Markets
The most active options by contracts traded were NVDA (2.4M) and TSLA (2.3M), followed by AAPL, SOFI, SPCX, AMZN, MU, META, GOOGL and AMD.
Tech
Amazon is reportedly looking to reduce its reliance on Anthropic's models as Alexa+ cloud costs could hit ~$1.7B in 2026 (nearly triple last year), routing more requests through its own lower-cost models and weighing cutbacks to its Moonraker AI-agent effort.
Markets
The S&P 500 Equal-Weight Index is outpacing the cap-weighted S&P 500 by 4.0 points in October (up 4.3% vs 0.3%), its second-strongest relative month since April 2009, signaling leadership is broadening beyond the largest tech and AI names.
Deals · The Information
Nvidia is putting about $3 billion into Meta's new equity offering as a cornerstone investor, deepening an AI partnership in which Meta plans to expand deployment of Nvidia's advanced chips for its next-generation AI agents.
Markets · The Information
Meta raised the size of its planned stock sale to $97.5 billion from an original $95 billion, with underwriter options able to push the total even higher, to help bankroll its massive AI-infrastructure buildout.
Earnings · WSJ
Corning's latest quarterly results showed booming demand tied to AI, with its optical-connectivity and data-center-related business benefiting from the infrastructure buildout.
AI Infrastructure · WSJ
A coalition of major banks and Blackstone lined up about $63 billion in financing to buy Broadcom AI computing infrastructure and lease it to Anthropic, with Broadcom's CEO personally stepping in during an eleventh-hour scramble to get the deal across the line.
AI Infrastructure · Bloomberg
Oracle will make Cerebras's AI accelerator systems available through its Oracle Cloud Infrastructure, broadening the chip options it offers cloud customers beyond Nvidia as it races to meet AI compute demand.
Markets · FT
Technology shares climbed, with Asia following Wall Street higher, as investor nerves eased in the wake of Anthropic's long-awaited IPO filing and the AI trade bounced back.
AI Infrastructure · The Information
Oracle and Google unveiled a partnership to make Google's tensor processing units (TPUs) available to Oracle Cloud customers by 2027 — the first time the AI chips will be offered on a cloud platform other than Google's own, broadening compute options beyond Nvidia.
Earnings · Bloomberg
NXP Semiconductors slid in late trading after guiding to fourth-quarter revenue of about $3.85 billion, just below the roughly $3.87 billion analysts expected, stoking fears that the recovery in chip demand is slowing.
Earnings · Bloomberg
ASM International raised its 2027 revenue target by about 24% to more than EUR5.7 billion ($6.3 billion) on surging demand for its chip-making tools tied to AI investment, putting it on track to hit its 2030 goal three years early.
Funding · Bloomberg
Robotics-AI startup Physical Intelligence is in talks to raise at least $1 billion at a roughly $20 billion valuation, nearly double its prior mark, with existing backers Avenir and Lux Capital in discussions to lead the round.
Deals · The Information
DoorDash is nearing a deal to acquire grocery-delivery company Instacart for about $17 billion, after Instacart put itself up for sale with DoorDash and Uber circling as potential buyers.
AI Infrastructure · Bloomberg
OpenAI intends to buy AI computing chips from Alphabet's Google as part of its infrastructure build-out, according to a person familiar; final terms aren't yet known and both companies declined to comment.
Earnings · Bloomberg
SK Hynix unveiled plans to return about $45 billion more to shareholders after quarterly profit surged a stronger-than-expected seven-fold, and said shortages of memory crucial to Nvidia accelerators should persist through at least 2030.
Deals · The Information
Semiconductor maker Onsemi is in talks to acquire 16-year-old chip startup Ferric for close to $1 billion, reflecting growing demand for technology that manages the intense power needs of AI chips, following Analog Devices' similar deal for Empower Semiconductor.
AI · Bloomberg
Google DeepMind unveiled Genie 4, a new AI world model that generates more realistic, real-time virtual environments from text prompts, advancing a technology that has rattled investors in video-game companies.
Chips
ASMPT posted its highest quarterly revenue growth of the year, up 49% to HK$5.25 billion ($669M) on surging AI hardware demand, though its semiconductor-solutions unit slightly missed estimates. It guided Q4 revenue of $670M-$730M.
AI
Anthropic has tapped JPMorgan to lead US retail sales in its potentially record-setting IPO, weighing a retail tranche of about 15%-20% of the shares offered. JPMorgan CEO Jamie Dimon is expected to join the bank's campaign.