What's on the News?

• Nvidia Corporation(NVDA) fell 4.40% as OpenAI's plan to develop its own AI chips and Oracle's deployment of 50,000 AMD AI chips added pressure, signaling efforts to reduce reliance on Nvidia Corporation(NVDA) .
  Broadcom Inc.(AVGO) and OpenAI announced on October 13 a strategic partnership to jointly develop and deploy custom AI chips and computing systems with a total power consumption of 10 gigawatts over the next four years. 
  On October 14, Oracle Cloud Infrastructure announced it will deploy 50,000 AMD GPUs starting in the second half of 2026 to expand its AI computing capabilities, with Oracle Cloud's senior VP expressing confidence in customer adoption, especially for inference.
• Tesla, Inc.(TSLA) dropped 1.53% after the NHTSA launched an investigation into around 2.88 million Tesla vehicles equipped with "Full Self-Driving" (FSD) systems, following over 50 reports of traffic safety violations and accidents, including 14 crashes and 23 injuries linked to potential system-related behaviors like running red lights.
• Advanced Micro Devices, Inc.(AMD) rose 0.77% as Oracle and Advanced Micro Devices, Inc.(AMD) announced an expanded partnership, with Oracle Cloud Infrastructure (OCI) set to deploy 50,000 AMD GPUs starting in Q3 2026, and the plan to adopt AMD's "Helios" rack design featuring Instinct MI450 series GPUs, CPUs, and network cards.
• Palantir Technologies Inc.(PLTR) rose 1.43%.
• Broadcom Inc.(AVGO) fell 3.52% after launching the world's first Wi-Fi 8 chip ecosystem to accelerate AI edge networking, with Morgan Stanley raising its target price from US$382 to US$409.
• Oracle Corporation(ORCL) fell 2.93% ahead of its Global AI Conference in Las Vegas from Monday to Thursday, where it is expected to unveil a new AI database as part of its transition from a traditional software maker to an AI infrastructure provider.
• Taiwan Semiconductor Manufacturing Company Limited(TSM) fell 2.29% amid concerns that escalating trade tensions and rare earth export controls could significantly impact Taiwan's semiconductor industry, potentially leading to production halts.
• Oklo Inc.(OKLO) the nuclear power firm rose 1.83% to a record high, driven by a surge in AI-related electricity demand in the US, which has sparked a rally in nuclear energy stocks.
• Robinhood Markets, Inc.(HOOD) fell 4.07% as its VP, JB Mackenzie, expressed openness to potential acquisitions in the rapidly growing prediction market sector, which gained popularity during last year's US presidential election and has since evolved into an asset class allowing investors to bet on topics ranging from monetary policy to major sports events.
• Intel Corporation(INTC) fell 4.27% after BofA Securities downgraded its rating from "Neutral" to "Underperform," maintaining a US$34 target price, citing that the recent US$80 billion surge in market value overstates improvements in its balance sheet and foundry potential, while noting persistent competitive challenges, including a lack of clear AI product strategy, weak server CPU competitiveness, and difficulties in divesting loss-making manufacturing operations.
• Rare earth stock Mp Materials Corp.(MP) rose 3.78% to a record high.