What's on the News?

• Tesla, Inc.(TSLA) closed 1.85% higher, set to report Q3 2025 earnings post-market Wednesday. Wall Street analysts predict Q3 revenue of US$26.6 billion, operating profit of US$1.58 billion, auto gross margin of 15.9%, EPS of US$0.55, and free cash flow of US$1.1 billion. Earlier this month, Tesla delivered a record 497,099 vehicles in Q3, exceeding market expectations of 448,000, as buyers rushed purchases ahead of tax credit expiration. Additionally, Ark Invest's Cathie Wood predicted Sunday that Musk's US$1 trillion compensation package will pass "overwhelmingly" despite opposition from proxy advisory firms.
• Apple Inc.(AAPL) rose 3.94% to a record high as a new report showed strong initial sales for the iPhone 17. Counterpoint data revealed that the iPhone 17 series outsold the iPhone 16 by 14% within 10 days of its September launch, with analysts citing the base model's attractive value. Loop Capital upgraded Apple to "buy" from "hold" and raised its target price from US$226 to US$315, citing stronger-than-expected demand for the latest iPhone.
• Nvidia Corporation(NVDA) fell 0.32% after announcing that its Blackwell chips have entered mass production at TSMC's Arizona factory. This marks a major milestone in the graphics card maker's efforts to shift more of its supply chain to the US These GPUs are key drivers of the current AI model and application boom. TSMC, the world's largest contract chipmaker, opened its first Phoenix-area plant late last year, producing processors based on its 4-nanometer manufacturing process—two generations behind its latest 2-nanometer technology slated for mass production later this year.
• Advanced Micro Devices, Inc.(AMD) gained 3.21% after Bank of America reiterated its "buy" rating and raised its target price from US$250 to US$300. The bank highlighted AMD's exposure to multi-billion-dollar opportunities in PCs, servers, high-end gaming, deep learning, and related markets, where the company currently holds less than 30% value share.
• Oracle Corporation(ORCL) dropped 4.85% as JPMorgan downgraded the stock due to AI expansion costs.
• Meta Platforms, Inc.(META) rose 2.13% after announcing on October 20 that it will introduce parental control features following the full rollout of its AI chatbot. These tools will allow guardians to monitor teens' interactions with AI characters and set usage limits. Instagram's head stated that parents can completely block their children's access to the AI chatbot orblock specific characters individually, while Meta's own AI assistant will remain accessible with age-appropriate safeguards for learning and information queries.
• Netflix, Inc.(NFLX) climbed 3.27% ahead of its earnings report. Deutsche Bank maintained its "hold" rating and US$950 target price, citing limited upside at current valuation levels and making minimal adjustments to its Q3 and beyond earnings forecasts. The bank acknowledged Netflix's dominant position in video streaming and expected continued growth in global subscribers, pricing, and ad revenue. However, it noted that Netflix's market leadership and consensus expectations for sustained double-digit revenue growth are already reflected in the current stock price. Based on its base case assumption of revenue growth slowing to high single digits by 2027, the bank finds the risk/reward unattractive.
• Rigetti Computing, Inc.(RGTI) fell 6.62%, extending losses to a third straight session.
• Alibaba Group Holding Limited(BABA) rose 3.84% as Cathie Wood's ARK Invest made notable trades, increasing positions in Alibaba and Baidu while reducing stakes in Palantir and Shopify. These moves reflect ARK's strategic adjustments amid evolving market conditions.
• CoreWeave(CRWV.US) dropped 7.17% following reports that early backer and major shareholder Magnetar Financial sold over US$500 million in shares last week. Post-market filings on Friday revealed that the Illinois-based investment firm, its subsidiaries, and executives offloaded US$486 million in stock from Wednesday to Friday, with a separate announcement on Wednesday disclosing an additional US$60 million sale earlier in the week. After these reductions, Magnetar and its affiliates still hold over 72 million shares in the cloud services company.