Third-quarter adjusted earnings per share beat expectations, and lean management and AI improved efficiency, but North American transportation gross margin came under pressure, while the insurance renewal and RXO acquisition also worried investors. Citi maintained its Buy rating and slightly lowered its price target.
Japan's MLCC export value rose 17% month on month in September 2026, well above historical seasonal levels. JPMorgan sees IT- and AI-related demand as the main driver and expects Japanese manufacturers' quarterly sales to grow.
KLA expects revenue to rise about 14% sequentially next fiscal quarter, while management has raised its 2027 wafer fab equipment spending outlook. JPMorgan is optimistic about inspection demand from advanced processes and packaging, but delivery capacity and gross margins remain constrained.
Third-quarter operating profit was in line with preliminary guidance; Goldman Sachs raised its fourth-quarter profit forecast, citing optimism about AI server memory demand, while awaiting details of Samsung’s shareholder returns.
Core third-quarter operations were broadly in line with Goldman Sachs’ expectations, but foreign-exchange and investment fair-value losses weighed on net profit. Liquid-cooling revenue continued to grow, and new secondary-side products could increase the value of content per system; the robotics business remains at different stages of development across its products.
Data center and industrial businesses supported the third-quarter margin, but changes in the product mix and cost factors will weigh on the fourth-quarter margin. Goldman Sachs sees the pressure as non-structural and expects sales and margins to improve again from the first quarter of 2027.
On the eve of the midterm elections, Wall Street Week examines three questions of greatest concern to voters: why families feel life is getting more expensive, why data centers have become a target for both parties, and how more than 40 trillion dollars in national debt is quietly pushing up every household’s mortgage and car loan costs.
On a day of tech selling, Bloomberg’s “The Close” spoke with three guests: Citi’s Scott Chronert discussed cracks in the AI narrative, Man Group’s Kristina Hooper addressed the shift from free cash flow to debt financing, and BTIG’s Jonathan Krinsky examined the possibility of the S&P falling to its 200-day moving average from a technical perspective.
a16z partner Alex Rampell speaks with Eve CEO Jay Madheswaran: Plaintiff law has long been constrained by a labor bottleneck—lawyers cannot afford to take small cases, and clients cannot afford lawyers. AI is turning that bottleneck into an opportunity for small firms to expand.
After Anthropic published its prospectus, Hard Fork invited Erin Griffith, a longtime AI reporter, to unpack it: the business looks healthier than the rumors suggested, but slowing third-quarter growth and 93 pages of risk factors are the questions the roadshow really needs to answer.
After approximately 6.3 billion dollars was stolen from Binance, Bitwise Chief Investment Officer Matt Hougan said Binance would cover all user losses and that about half of the stolen funds had quickly been frozen. This is not a problem with Bitcoin and will not hurt it in the long run.
After approximately 6 billion dollars was stolen from Binance, former CFTC Chair J. Christopher Giancarlo said: This was not a breach of cryptography, but a bank robbery; the real lesson is that the United States must move from defense to offense and regulate global markets such as prediction markets at the federal level under a unified framework.
As Amazon’s share price swung sharply on earnings day, AWS CEO Matt Garman said AWS still has enormous growth potential ahead, its customers are highly diversified, Bedrock is the fastest-growing multibillion-dollar business in history, and the AI flywheel is only just beginning to turn.
On the day the Nasdaq hit a three-month low, Wharton professor Jeremy Siegel noted that it was down only 9% from its high less than a month earlier, still within correction territory, while many non-tech stocks were doing quite well. Focusing only on tech stocks can give investors a distorted view of the overall market.
On a day of steep Nasdaq losses, Fundstrat’s Tom Lee said the market looked as though someone was being forcibly liquidated: the equal-weighted index was rising, money had not left the market, and the real gap was a lack of confidence among both institutions and retail investors to buy the dip before the midterm elections.
Steve Eisman breaks down Anthropic’s S-1 and this week’s earnings: the S-1 disclosed approximately 800 billion dollars in total future computing commitments, while third-quarter growth slowed from 147% to 45%; capital spending signals from Microsoft and Amazon have prompted the market to ask whether AI capital spending will be the next area to slow.
The All-In hosts analyze Anthropic’s S-1: first-half revenue of $16.3 billion and a planned $100 billion fundraising aimed at the largest IPO in history; the purported $80 billion loss is merely an accounting illusion. The Google segment asks whether the $500 billion single-day loss in market value was overdone amid slowing search growth and a doubling of cloud revenue.
US real GDP grew at an annualized quarter-on-quarter rate of 3.4% in the third quarter, with strong consumption and investment in AI-related equipment; Goldman Sachs expects consumption to slow as fiscal stimulus fades, bringing fourth-quarter growth down to 1.8%.
Weak domestic air-conditioning demand and channel adjustments weighed on revenue, but overseas home appliances and enterprise businesses provided support. Goldman Sachs estimates that net profit fell 10% year over year after excluding investment gains from CXMT.
Domestic revenue growth picked up and overseas growth remained strong, but R&D, share-based compensation and foreign exchange losses weighed on profit. Goldman Sachs cut its future earnings forecasts while maintaining its Buy rating.
