The memory trade is heating up again, but the biggest question is whether strong industry results can translate into another round of earnings surprises. On Wednesday, $SK Hynix(000660.KS)$ surged 13.30%, $Micron(MU)$ gained 5.86%, and $SanDisk(SNDK)$ climbed 7.66%. The rally followed record results from SK Hynix and encouraging profit guidance from Samsung, strengthening expectations that the memory upcycle still has room to run. The numbers are striking. SK Hynix reported KRW 104.6 trillion in revenue and KRW 83.3 trillion in operating profit. Samsung guided for KRW 195 trillion in revenue and KRW 107.4 trillion in operating profit. These are Samsung’s preliminary guidance figures, not final reported results. Now attention turns to SanDisk, which is scheduled to report earnings early Fri

$Microsoft(MSFT)$  $Alphabet(GOOG)$  $Alphabet(GOOGL)$   The AI trade is facing a new test, and Microsoft and Alphabet are offering investors two different stories. On Wednesday, October 28, Microsoft shares rose after the company beat expectations for quarterly cloud revenue, providing fresh evidence that its substantial AI investments could be translating into business growth. Alphabet, meanwhile, came under heavy pressure after missing Wall Street’s revenue and profit expectations, with accelerating AI spending adding to concerns about cash flow. The contrast is worth watching. Both companies are investing heavily to compete in A

$Apple(AAPL)$ first foldable iPhone has finally arrived, and the early signs point to strong demand. But for investors, the bigger question is whether this launch can create a meaningful new revenue stream or simply add another expensive product to Apple’s existing lineup. The iPhone Duo went on sale globally on October 23, starting at around $1,999 in the US. Pre-orders reportedly pushed estimated delivery dates to late January within minutes, while Apple limited purchases and restricted some in-store sales because of supply constraints. Three developments worth watching: 📱 1. Premium pricing could support revenue growth At approximately $2,000, the Duo sits firmly in the luxury end of the smartphone market. If customers are willing to pay t

$Micron Technology(MU)$   just delivered another record quarter — but the most interesting part of the report may not be the headline EPS beat. Micron reported $54.23 billion in fiscal Q4 revenue, up from $41.46 billion in the previous quarter and $11.32 billion a year ago. Non-GAAP EPS came in at $33.42, while non-GAAP gross margin reached 87.0%.  Those are extraordinary numbers. But then Micron raised the bar again. For fiscal Q1 2027, the company is guiding for $61.5 billion ± $1.5 billion in revenue and $38.15 ± $1.00 in non-GAAP EPS, with non-GAAP gross margin expected around 86.25%.  The bigger takeaway is what this says about the memory market. Memory is becoming a bottleneck AI infrastructure isn’t only about GPUs. Every new

One stock I’m watching is $Nike(NKE)$  . The setup is pretty simple: the world’s biggest sportswear brand has been struggling, and the market has become increasingly impatient. Nike reports fiscal Q1 earnings on October 1, with consensus around $0.44 EPS and $11.3B revenue.  But the interesting part isn’t the earnings estimate. It’s whether Nike can finally show signs that the turnaround is working. 👟 China is the big question. Greater China sales fell 17% on a constant-currency basis in Nike’s most recent quarter, making the region one of the biggest problems management needs to address.  🇺🇸 Then there’s North America. Wholesale revenue has been growing, but that hasn’t translated into overall sales growth. That raises an uncomfortable

$Taiwan Semiconductor Manufacturing(TSM)$  didn’t need a signed Terafab contract to get Wall Street’s attention. After Elon Musk confirmed that TSMC is in discussions around the massive chip project, TSMC jumped 2.75% to a record $485.80. At the same time, Intel fell 2.63% to $116.19. That divergence is what makes this story interesting. Intel had previously been the only publicly named foundry partner for Musk’s Terafab plans, with Musk saying the project would use Intel’s 14A process. Now TSMC is part of the conversation. But here’s the important distinction: TSMC is not replacing Intel — at least not based on what has been confirmed. Musk has described the TSMC discussions as preliminary, and there is no disclosed contract, order size,

Anthropic’s IPO filing is more than another milestone for artificial intelligence. It could give public-market investors a closer look at the economics behind the AI boom — and raise a difficult question for the companies already trading at premium valuations. Who will capture the biggest share of AI’s profits: the companies building the models, the chipmakers powering them, or the cloud providers selling the computing capacity? The chipmakers have benefited first Nvidia and other semiconductor companies have been major beneficiaries of AI infrastructure spending. As developers train and deploy increasingly capable models, demand for computing power has created a substantial market for specialised chips and related equipment. But infrastructure spending cannot grow indefinitely without cus

$NEBIUS(NBIS)$ Insiders Are Selling — But Is It Actually a Red Flag? Nebius dropped more than 5% Wednesday, putting insider selling back in the spotlight. At first glance, it’s easy to think: Insider sells at a huge valuation = warning sign. But the details matter. Nebius COO Ophir Nave sold 77,430 shares on October 5 at an average price around $232. The important detail? The sale was made under a 10b5-1 trading plan adopted back in May, rather than being an on-the-spot discretionary decision. The filing says the shares represented approximately 17% of his granted equity, and he retained more than 877,000 shares afterward.  That’s very different from an executive suddenly dumping most of their position after a disappointing business update. And t

Nvidia’s stock has risen around 14% this year, only slightly ahead of the S&P 500. For a company at the centre of the AI boom, that is a surprisingly modest performance. But the investment debate is changing. Instead of chasing every company linked to AI spending, Wall Street is becoming more selective, paying closer attention to debt, valuations and whether today’s massive infrastructure investments can generate sustainable returns. That shift raises an interesting question: Could Nvidia become a relatively defensive choice for investors who still want exposure to AI? 1. Nvidia sells the picks and shovels of the AI boom One argument in Nvidia’s favour is that it does not need to predict which AI company will ultimately win. Whether cloud providers compete to build better models or AI