TSMC Weighs Entering Advanced Memory Chips to Capture…

AI Chips · The Information

1.TSMC Weighs Entering Advanced Memory Chips to Capture More AI Spending

The world's largest contract chipmaker is drawing up plans to manufacture 3D DRAM, a cutting-edge memory technology, at the request of its biggest customer Nvidia — a move that would extend its grip on the AI hardware supply chain.

$TSM

$TSM Close$375.44+6.33%

1Y +31.0% Rev QoQ +50.9% EPS QoQ +68.7% 52wk $266.82–$487.47 P/E 24.3 Mkt Cap $1.95T

Markets · FT

2.Tech Stocks Rebound After Historic Sell-Off

The tech-heavy Nasdaq 100 climbed about 2.4% in early trading, clawing back part of the prior session's steep rout as investors reassessed stretched AI valuations; chipmakers led the bounce with Nvidia and AMD sharply higher.

AI · FT

3.Hedge Fund XN Doubles Down on Anthropic With $5.3bn Stake Despite Rout

A low-profile Wall Street firm has built a $5.3 billion position in the AI lab through private rounds — a conviction bet on Anthropic even as the broader tech sell-off pressures expectations for its eventual IPO valuation, which some investors now see falling toward $1.2 trillion.

Autos & AI · FT

4.Tesla to Wind Down Cybertruck as Musk Pivots to Robotics and AI

Tesla will halt production of its angular Cybertruck pickup at its Texas gigafactory amid slow sales, as Elon Musk redirects the company's focus toward robotics and artificial intelligence.

$TSLA

$TSLA Close$358.22+4.23%

1Y -16.6% Rev QoQ -0.2% EPS QoQ -43.6% 52wk $297.38–$498.83 P/E 393.6 Mkt Cap $1.42T

Markets · FT

5.UK Retail Investors Buy the Dip in Nvidia and Chip Stocks After Sell-Off

UK trading platforms reported a surge in retail demand for Nvidia, Micron, AMD and Alphabet shares as individual investors moved to buy the dip following the bruising tech rout.

$NVDA$MU$AMD$GOOGL

$NVDA Close$186.64+2.78%

1Y -0.8% Rev QoQ +105.9% EPS QoQ +127.8% 52wk $164.27–$243.37 P/E 23.6 Mkt Cap $4.51T

Deals · WSJ

6.Firefly Aerospace Signs $1.3 Billion Rocket Engine Deal With AST SpaceMobile

Firefly Aerospace agreed to supply 36 rocket engines for AST SpaceMobile's first three heavy-lift rockets and license its propulsion technology in a three-year deal worth more than $1.3 billion, deepening ties between the two publicly traded space companies.

$FLY$ASTS

$FLY Close$20.76+36.80%

1Y +5.2% Rev QoQ +656.9% EPS QoQ — 52wk $14.445–$62.17 P/E — Mkt Cap $3.48B

Startups · WSJ

7.Zipline Valuation Soars to $21.5 Billion as Drone Startup Raises Funds and Expands Walmart Deal

Autonomous drone-delivery startup Zipline raised fresh funding that lifted its valuation to about $21.5 billion and widened its delivery partnership with Walmart, a sign investors see autonomous logistics gaining commercial traction.

AI Funding · The Information

8.OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Valuation

OpenAI has closed an $11 billion tranche of its latest mega-round at a $1.25 trillion valuation and is targeting roughly $9 billion more, meaning it has raised just over half of its new fundraising goal as it races to fund compute commitments.

AI IPO · The Information

9.Anthropic to Proceed With IPO Roadshow Next Week as Buyers Eye ~$1.1 Trillion Valuation

Anthropic plans to push ahead with its IPO roadshow next week despite AI-related volatility rattling tech stocks, even as some prospective buyers now peg the offering's valuation as low as about $1.1 trillion.

Big Tech · The Information

10.Google Buys $548 Million of Qualcomm Shares

Google purchased about $548 million worth of Qualcomm stock, extending a recent run of strategic chip-sector stakes that already includes positions in Arm and a deal to buy shares of Marvell.

$GOOGL$QCOM

$GOOGL Close$284.78+0.78%

1Y +2.1% Rev QoQ +24.7% EPS QoQ -25.3% 52wk $270.7–$408.61 P/E 14.9 Mkt Cap $3.50T

Big Tech · WSJ

11.Alphabet's Wing to Invest Up to $125 Million in New Texas Drone-Delivery Plant

Alphabet's drone unit Wing will invest up to $125 million over two years in a new Fort Worth, Texas manufacturing facility capable of building tens of thousands of delivery aircraft a year, as autonomous delivery gains commercial momentum.

$GOOGL

$GOOGL Close$284.78+0.78%

1Y +2.1% Rev QoQ +24.7% EPS QoQ -25.3% 52wk $270.7–$408.61 P/E 14.9 Mkt Cap $3.50T

AI Cloud · Bloomberg

12.Microsoft Winding Down Oracle Deal to Rent AI Cloud Capacity

Microsoft is turning off AI computing capacity it had been renting from Oracle after declining to renew the contract, part of a broader reassessment of billions of dollars in cloud partnerships as it rebalances its AI infrastructure.

$MSFT$ORCL

$MSFT Close$530.61-0.99%

1Y +6.8% Rev QoQ +18.8% EPS QoQ +32.3% 52wk $349.2–$559.15 P/E 27.7 Mkt Cap $3.94T

AI Chips · Bloomberg

13.Onsemi Scraps Plan for $2 Billion Silicon-Carbide Expansion in Czech Republic

US chipmaker Onsemi and the Czech Industry Ministry agreed not to proceed with a planned expansion of silicon carbide production — a project initially valued at as much as $2 billion — signaling caution on power-chip capacity spending.

$ON

$ON Close$63.31+0.48%

1Y +32.4% Rev QoQ +11.1% EPS QoQ +26.1% 52wk $44.56–$134.92 P/E 37.0 Mkt Cap $24.65B

TSMC Weighs Entering Advanced Memory Chips to Capture More AI Spending — Daily Fintech News, November 6, 2026