CLOSING BELL
Asia
  • 🇭🇰 Hang Seng-0.83%
  • 🇨🇳 SSE Composite-1.31%

A flat open turned into a 0.83% loss by the Hang Seng's close, with Shanghai down 1.31% as Beijing signals no big new stimulus. China-exposed holdings start the week on the back foot.

Press ReleaseNVIDIA

NVIDIA and Meta to Expand Collaboration on Muse and Muse Family of Models Amid Robust Growth

NVIDIA is putting $3 billion into Meta's equity offering, turning a customer relationship into an ownership stake while Meta commits to expanding Vera Rubin, Vera CPU, Spectrum-X Ethernet and BlueField-4 deployments. That locks in demand for the next-generation rack stack well beyond today's GPUs.

MARKET OPEN
Asia
  • 🇭🇰 Hang Seng—
  • 🇨🇳 SSE Composite-0.05%

Hong Kong opened flat against Friday's close, and Shanghai's 0.05% slip says the same thing: China buyers are sitting on their hands ahead of the Fed decision. Anyone waiting for a directional cue out of Asia is still waiting.

ETFs

Does It Matter Which Exchange Your ETF Lists On?

The Texas Stock Exchange is already drawing ETF launches from major fund issuers, but the exchange’s address may be the last thing you should care about when placing a trade. What actually determines the price you pay will surprise most investors.

Sponsored

Twelve Tabs, One Thesis

Your Research Resets Every Morning

The quote page in one tab. Filings in another. A chart you rebuilt from scratch, a transcript you never went back and found, a screener whose settings you will redo next week. Nothing you built yesterday is still there.

AlphaSpace replaces all of it with one screen you arrange yourself. Earnings calendar, estimate versus actual, the call transcript, live news, your own charts, every panel wired to whatever ticker you click. Close the browser and it is all still sitting there tomorrow.

See What a Built View Looks Like →

(Sponsor)

Mad Money w/ Jim Cramer 10/26/26

  • Cramer's bear case: a flood of IPOs and secondaries, $148B raised so far this year, drains the money that funds stocks
  • Applied Materials down from $739 to $387: buy 25 shares now, add on the pattern, finish in the 200s
  • Moderna after a parabolic move: let it come in before earnings, no buying parabolic charts
  • Thermo Fisher CEO on a beat-and-raise, BlackBerry's turnaround, and CrowdStrike cyber worries on deck

The call that matters for holders here is supply: Cramer argues the equity and debt markets are nearly tapped out after Meta, Alphabet and SpaceX raisings, with Anthropic's S1 now in line. He stops short of calling a top while pushing for buybacks and takeovers over further deals, favoring staged buying in Applied Materials and patience on Moderna.

Press ReleaseBroadcom

Bank of America, Blackstone, Citi and Morgan Stanley Announce Landmark $63 Billion Financing Structure to Enable AI Compute Capacity in Partnership with Broadcom

Anthropic's XPU and networking order now has committed bank capital behind it: an SPV funded by four lenders will buy the Broadcom silicon and lease it out, with deliveries starting in calendar 2027. Broadcom is providing residual value support equal to the first lien portion, so shareholders get locked-in demand visibility with some tail exposure attached.

Reddit Pulser/wallstreetbets
Anthropic spent only $19B cash since company's founding, but needs $200B per year after IPO. Anyone know the non-cash loss?

Nvidia sends Anthropic $200B in chips. Anthropic sends Nvidia $200B in tokens. Both claim $200B revenue. Market cap goes up $4T. Infinite money glitch unlocked.

Cash burn of $19 billion understates the real cost if expenses are being settled in stock and convertible notes, because the bill lands on post-IPO shareholders as dilution. Anyone eyeing an AI listing should read the share count alongside the cash flow statement.

the next-gen security showdown · 1y
$10K invested in each — worth today:
S$14.5K1.4×
ZS$8.0K0.8×

Same $10,000, same sector, same year: SentinelOne turned it into $14,489 while Zscaler left you with $7,981. A $6,500 gap inside one cybersecurity trade.