Market
November 3, U.S. stocks opened mixed as investors assessed earnings and policy signals. The Dow Jones slipped 0.34%, the S&P 500 edged up 0.18%, and the Nasdaq Composite gained 0.49% on strength in technology and growth shares.
Among early movers, Grab Holdings rises 14.5% after a profit beat, while Bloom Energy jumps 6.6% on a large fuel-cell order. Semiconductor leaders rally: Micron Technology adds 2.9%, Intel climbs 2.5%, Lam Research gains 2.4%, NVIDIA advances 2.3% and Advanced Micro Devices is up 2.1% as investors chase AI hardware plays. On the downside, Palantir falls 5.3% following a cautious outlook and Apple slips 2.4% amid fresh regulatory scrutiny.
Elsewhere, Taiwan Semiconductor Manufacturing adds 1.4% and JD.com rises 4.2% as Chinese ADRs rebound; Trip.com Group Limited climbs 2.8% on travel recovery optimism. Decliners include Yum China Holdings, Inc. down 4.0%, Ucommune International Ltd off 7.1% and Lumentum lower by 1.7% on soft guidance.
News
Advanced Micro Devices lifts revenue outlook. The chipmaker forecast stronger fourth-quarter sales thanks to robust AI accelerator demand, boosting confidence in its data-center push.
NVIDIA unveils next-gen GPU for cloud workloads. The new Blackwell architecture promises major performance gains and positions the company to extend its lead in AI infrastructure, lifting shares.
Grab Holdings beats estimates and guides for profitability. Ride-hailing and delivery giant posted surprise net income and said full-year margins will exceed prior targets, sending the ADR up sharply.
Apple hit by fresh EU antitrust probe. Regulators opened an investigation into App Store payment rules, raising the prospect of hefty fines and pressuring the iPhone maker’s stock.
Palantir Technologies warns of slower government revenue. Management cited delayed contract awards and currency headwinds, prompting investors to trim positions.
Oracle announces $12 billion share buyback. The board authorized additional repurchases as cloud bookings accelerate, underpinning a rally in the software giant’s shares.
Bloom Energy secures $1 billion fuel-cell deal. The agreement with a major data-center operator expands the company’s backlog and underscores growing demand for clean backup power.
Fed Chair signals patience on rate cuts. In a speech, Jerome Powell said policymakers need “greater confidence” that inflation is contained, keeping Treasury yields stable and equities cautious.
Tesla Motors expands charging network partnerships. New agreements with major retailers add hundreds of Supercharger sites, supporting the EV maker’s ecosystem strategy.
Marvell Technology downgraded on demand concerns. A leading broker cited softening enterprise networking orders, knocking the semiconductor stock early in the session.
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