Stock Indices &amp; Equity News

MARVELL TECHNOLOGYLUMENTUM

Marvell Agrees to Buy Lumentum in $115 Billion All-Stock AI Optics Deal

Marvell Technology and Lumentum announced a definitive all-stock acquisition agreement on 2 November 2026. Under the proposed terms, Lumentum shareholders would receive 4.500 Marvell shares for each Lumentum share. The companies gave the transaction an implied enterprise value of approximately $115 billion, including an implied value of roughly $1,132 per Lumentum share. Marvell shareholders are expected to own around 67% of the combined company and Lumentum shareholders 33% after closing. The deal is announced, not completed, and remains subject to closing conditions.

Apple Q4 Revenue Climbs 12% to $114.5 Billion as Holiday Margins Face Pressure

Apple reported fiscal fourth-quarter 2026 revenue of $114.5 billion, up 12% year on year, in results released on 2 November. Diluted earnings per share were $2.10, up 14%, and the quarter’s gross margin was 47.9%, including a favourable impact from tariff refunds. The company reported a September-quarter record for iPhone revenue and an all-time high for Services revenue. Subsequent outlook commentary indicated a lower gross-margin range for the holiday quarter as memory costs and product investment increased. These are company-reported results and guidance, not a confirmed future earnings outcome.

APPLE SHARESNASDAQ 100

Oracle Plans $20 Billion Stock and Bond Financing for AI Build-Out

Oracle announced plans on 2 November 2026 to raise approximately $20 billion to finance its AI and cloud infrastructure expansion, with about $10 billion from an equity offering and $10 billion from bonds. Reuters reported that the company priced 86.2 million shares at $116 each, around an 11.2% discount to its previous close, and that its shares fell 8.8% during the session. The proceeds may be used for capital expenditure and other general corporate purposes. The financing announcement is a confirmed corporate transaction, while future spending outcomes remain uncertain.

ORACLE SHARESNASDAQ 100

PALANTIR TECHNOLOGIESNASDAQ 100

Palantir Q3 Revenue Jumps 96% to $2.31 Billion, Raises Annual Outlook

Palantir reported third-quarter 2026 revenue of $2.313 billion, up 96% year on year, on 2 November. US commercial revenue increased 148% to $984 million and exceeded US government revenue of $953 million for the first time. Palantir raised its full-year revenue forecast to $8.530 billion–$8.534 billion and guided fourth-quarter revenue to $2.649 billion–$2.653 billion. The results were disclosed in a company earnings release filed with the US Securities and Exchange Commission. The annual and next-quarter guidance is forward-looking, not realised revenue.

EXXONMOBIL SHARESCHEVRON SHARES

ExxonMobil and Chevron Hit Reported Highs on Refining Margins

ExxonMobil and Chevron touched record highs amid strong refining margins during the 30 October session. The report does not supply exchange-confirmed highs or individual closing prices.

Amazon Cash Burn Weighs on Big Tech Shares

The late-October technology sell-off to Amazon’s elevated capital expenditure and cash burn. Piplix already published Amazon’s Q3 result, AWS growth and trailing-twelve-month negative free cash flow.

AMAZON SHARESNASDAQ 100

Intel Plunges After Weak Fourth-Quarter Revenue Outlook

The report says Intel fell more than 25% on 30 October following weak fourth-quarter guidance, reinforcing a semiconductor-sector sell-off. Piplix already has multiple reports of Intel’s roughly 29% decline and the underlying quarterly forecast.

INTEL PLUNGES

Stock Indices & Equities4 days ago

Nasdaq Posts Worst October Since March 2025 Amid Tech Sell-Off

Nasdaq lost 5.2% in October after a 2.9% decline on 30 October. The S&P 500 dropped 1.8% that Friday, while the Dow gained 1.5% across the month. Intel’s weak outlook and Amazon’s investment-driven cash burn were cited as contributors.

NASDAQ 100S&P 500

Intel Shares Plunge Nearly 29% After Weak Q4 Revenue Forecast

Intel shares dropped roughly 29% on 30 October 2026 after the chipmaker forecast fourth-quarter revenue of $15 billion to $16 billion, below analysts’ expectations of about $17.1 billion. Intel reported third-quarter revenue of approximately $16.5 billion and adjusted earnings of $0.52 per share, but warned that weaker personal-computer demand and high memory prices were pressuring its outlook. Reuters also reported that an October disruption at Intel’s Israeli factory was expected to reduce fourth-quarter revenue by around $300 million. The weak guidance contributed to a broader semiconductor-sector sell-off; price moves are historical observations from Friday, not live Saturday quotes.

INTEL CORPORATIONPHILADELPHIA SEMICONDUCTOR INDEXNASDAQ 100

Stock Indices & Equities4 days ago

Intel Shares Plunge 29% After Weak Forecast Sparks Global Chip Sell-Off

Intel shares fell about 29% on 30 October 2026 after the chipmaker forecast December-quarter revenue of $15 billion to $16 billion, below market expectations of roughly $17.1 billion. The company warned that weakness in personal-computer demand and elevated memory costs would continue to weigh on its outlook. The decline contributed to selling across semiconductor shares. The reported stock fall is a market observation, not evidence that every chipmaker faces the same business conditions.

INTEL CORPORATIONPHLX SEMICONDUCTOR INDEXNASDAQ 100

Stock Indices & Equities5 days ago

Shell Q3 Adjusted Earnings Reach $10.8 Billion as Buyback Rises to $5 Billion

Shell reported adjusted earnings of $10.814 billion for the third quarter of 2026, up from $5.432 billion a year earlier, in results released on 29 October. Cash flow from operating activities was $21.043 billion and free cash flow was $16.322 billion. The company announced a new $5.0 billion share buyback programme, expected to be completed by its fourth-quarter results announcement. Shell said severe disruption to the global energy system and elevated refining margins shaped the quarter. These results concern Shell’s financial performance, not a newly announced oil supply interruption.

SHELL PLCBRENT CRUDE OIL

Stock Indices & Equities5 days ago

Bank of Japan Accelerates ETF Sales to ¥860 Billion a Year

The Bank of Japan said on 30 October 2026 that it would increase the planned sale pace of exchange-traded fund holdings to about ¥860 billion per year on a book-value basis, equivalent to around 0.1% of market trading value. At the revised pace, disposal of its ETF portfolio is estimated to take about 43 years rather than 112 years. The change is scheduled to take effect in January 2027. The decision is separate from the bank’s interest-rate announcement.

JAPAN 225USD/JPY

Stock Indices & Equities5 days ago

Amazon AWS Growth Hits 39% in Q3 as AI Spending Squeezes Cash Flow

Amazon reported third-quarter net sales of $201.9 billion, up 12% year over year, and AWS sales growth of 39.3%, its fastest in nearly five years. Operating income reached $28.1 billion. The company reported negative $42.4 billion in trailing-12-month free cash flow, primarily reflecting higher investment in property and equipment linked to AI. The quarterly results were released on 29 October 2026; the reported cash-flow figure spans 12 months, not Q3 alone.

AMAZON SHARESNASDAQ 100

Stock Indices & Equities6 days ago

ECB President Christine Lagarde to Step Down on 7 February 2027

The European Central Bank confirmed on 29 October 2026 that President Christine Lagarde will step down on 7 February 2027, before her eight-year term was due to conclude in October 2027. Lagarde informed the ECB Governing Council and European Council President António Costa. Costa said the appointment process for her successor would begin immediately under European Union rules. No successor was announced in the official statements. The departure is a leadership development, not an ECB interest-rate decision.

EUR/USDEUR/GBP

Stock Indices & Equities12 days ago

Smith & Nephew–J&J Orthopaedics Merger Talks Collapse Over Leadership Dispute, FT Reports

Advanced discussions to merge Smith & Nephew with Johnson & Johnson’s orthopaedics division broke down over leadership of the proposed combined business, the Financial Times reported on 23 October, according to Reuters. The parties were said to have agreed on the principal financial terms and transaction structure, but Smith & Nephew sought to retain CEO Deepak Nath while J&J favoured Namal Nawana. Reuters reported the J&J hip-and-knee unit could have been valued at as much as $22 billion in the contemplated transaction. Smith & Nephew declined comment, and J&J had not provided confirmation in the report. No merger agreement had been signed or officially terminated.

SN.LJNJ

Stock Indices & Equities12 days ago

Singapore Exchange CEO Calls for Succession Planning Ahead of 2027 Contract Expiry

Singapore Exchange CEO Loh Boon Chye said at the company's annual general meeting that the exchange should plan for a leadership transition as his current contract approaches expiry in July 2027. Loh has led SGX since July 2015. His comments were about succession preparedness; no departure date, replacement or final leadership decision was announced. The issue comes as SGX continues to develop its securities, derivatives and foreign-exchange businesses.

SINGAPORE EXCHANGE

Stock Indices & Equities12 days ago

SK Hynix Halts Solidigm US IPO Review Amid Chip-Market Volatility

SK Hynix said on 23 October 2026 that Solidigm, its US-based memory and storage subsidiary, has discontinued the review of potential pre-IPO fundraising and a US initial public offering. The company cited capital-market conditions and share-price trends, saying the move does not change Solidigm's investment needs or growth outlook. SK Hynix continues to assess alternative funding for US production capacity. The announcement follows volatility in semiconductor shares and concerns about duplicate listings; SK Hynix did not identify regulatory objections as the direct cause of its decision.

SK HYNIXKOREA COMPOSITE STOCK PRICE INDEX

Super Micro Forecasts Up to $19.5 Billion in Quarterly Revenue

Super Micro Computer forecast first-quarter revenue between $18.5 billion and $19.5 billion, above the $15.23 billion analyst consensus cited by Reuters, and projected profit margins of 12%–12.5% versus earlier expectations of 10.4%–10.8%. Reuters reported the shares gained 12.7% to $36.69 in premarket trading on 21 October as the guidance strengthened sentiment toward AI-server demand.

SMCINASDAQ100

IMF and OECD Warn AI Gains Could Widen Global Economic Divide

Officials from the IMF and OECD warned on 22 October that artificial intelligence could widen economic gaps between high- and low-income countries without stronger infrastructure and skills. Reuters reported OECD estimates of 0.4% to 1.2% potential annual productivity growth across member countries and IMF estimates that about 40% of global jobs may be exposed to AI.

SPXNAS100

European Stocks Fall as Oil Rises and Corporate Earnings Disappoint

The STOXX 600 declined nearly 1% on 22 October as higher oil prices and mixed quarterly reports weighed on European stocks. Reuters reported Hermès down 7.3% after slightly disappointing revenue, while Nestlé rose 1.2% on stronger-than-expected organic sales growth. Technology and banking shares also declined.

STOXX600HRMSNESN

Nasdaq Futures Fall Over 1% as Tesla and Meta Renew AI Spending Concerns

Nasdaq futures declined more than 1% on 22 October as investors reconsidered the cost of AI investment following Tesla and Meta results. Reuters reported Tesla shares down 5.3% in premarket trading after its capital-spending revision and Meta down 1.9% amid scrutiny of new non-voting shares. Oil gains added to risk aversion.

NAS100SPXTSLA

Tesla Cuts 2026 Capital Spending Forecast to $20 Billion After Q3 Results

Tesla lowered its 2026 capital expenditure forecast to approximately $20 billion from more than $25 billion and reported $1.53 billion in third-quarter free cash flow. Reuters reported on 21 October that the spending reduction contrasted with expectations for heavy AI and robotics investment. A possible merger with SpaceX remains under discussion, not an agreed transaction.

TSLA