ONE TRILLION DOLLAR TARGET
Aswath Damodaran trims his Anthropic IPO valuation to $1.45 trillion; Dean of valuation explains why
Valuation expert Aswath Damodaran has lowered Anthropic's estimated worth to $1.45 trillion, citing concerns over governance, regulatory hurdles, infrastructure costs and profitability. He also outlined four investment strategies to manage uncertainty surrounding the AI company's potential IPO.
Elon Musk's business empire braces for Democratic wave as Texas flips blue
Elon Musk's nearly $500 million campaign to support Republicans failed as Democrats reclaimed both chambers of Congress and flipped Texas' governorship. The results could expose his businesses, including SpaceX and Tesla, to greater congressional scrutiny, tighter data-centre regulations and potential hurdles for expansion plans under incoming Texas Governor Gina Hinojosa.
AMD shares jump as AI-driven data-center strength fuels growth outlook
AMD, which recently joined the ranks of trillion-dollar companies, has gained about 126% this year and is poised to add about $58 billion in market value if premarket gains hold. The company's strong outlook highlighted growing momentum in its server processor business, signaling that spending on AI computing was extending beyond Nvidia's accelerators, which dominate the market.
BJP winning since 2014, SIR came just now: Ravi Kishan slams oppn's 'vote theft' pitch
BJP MP Ravi Kishan questioned the opposition's allegations of electoral roll irregularities during a recent event in Gorakhpur. He claimed the BJP has consistently won elections since 2014, attributing their success to government policies. Kishan accused the opposition of engaging in divisive politics that threatens national stability. He highlighted the development achievements under Chief Minister Yogi Adityanath, specifically regarding law and order improvements.
'Didn't work this time': Elon Musk reacts after Trump's Republican Party loses control of Congress in midterm elections despite him pumping nearly $500 billion
Elon Musk commented on the Democrats' success in the US midterm elections after their significant victories. He humorously referenced his substantial financial contributions to Republican candidates, which did not yield the expected results. Following the elections, analysts indicated widespread discontent among voters toward the Republican Party and its leadership. Musk, who has strong ties to Donald Trump, is likely to face scrutiny from the newly-empowered Democrats.
South Korean shares reverse gains, KOSPI falls over 1% as US midterm results loom
South Korean shares reversed early gains as caution ahead of the US midterm election results triggered broad selling. Technology stocks led the decline, while foreign investors offloaded equities worth 1 trillion won amid concerns over global market volatility.
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SpaceX-Tesla merger could give Musk control without Mars, robotaxi milestones
Elon Musk's compensation packages at SpaceX and Tesla are tied to ambitious goals involving Mars and robotics. Recent discussions on a merger may provide Musk with greater voting control at Tesla. The current arrangement at SpaceX gives Musk significant voting rights without needing to achieve specified goals. Analysts suggest that Musk's plans may be adjusted post-merger to align with new market conditions.
FPIs pour Rs 21,715 crore into Indian stocks in 10 days; is record sell-off finally reversing?
Foreign portfolio investors infused $2.29 billion into Indian equities over 10 days, signalling improving sentiment. Strong corporate earnings, attractive valuations and potential LTCG tax relief could revive foreign inflows, while crude oil prices remain a key risk.
Fridge hacks and finance attacks flag AI insecurity
The growing use of AI in cyberattacks could pose a major threat to the global economy, financial markets and critical infrastructure, according to a Reuters commentary by Mike Dolan.
Is the AI boom losing steam? Global economy faces growing risks
Global financial markets face mounting pressure from geopolitical conflicts, rising government debt and trade tensions, raising concerns about the resilience of the global economy. While the AI investment boom has driven stock markets to record highs and supported growth expectations, rising borrowing costs, inflation, weakening currencies and the prolonged Iran war threaten to undermine investor confidence and expose deeper vulnerabilities.
Global markets were already fragile. Big AI bets could break them
Investors flocked to bonds. Yields, which move inversely to price, fell from multidecade highs, with the benchmark 10-year Treasury, which guides borrowing costs globally, falling almost 20 basis points on October 22, its biggest daily fall since early 2023.
Dollar under pressure as oil prices slump, Australia rate decision awaited
The dollar experienced fluctuations as oil prices dropped amid potential US-Iran diplomatic developments. Meanwhile, the Reserve Bank of Australia is expected to announce an interest rate hike this week. Central banks in Britain, Norway, and Sweden are also set to provide policy statements. The Australian dollar remains steady as economic indicators suggest mixed growth. Market sentiment is influenced by ongoing AI-related stock market concerns and upcoming US midterm elections.
Marvell to buy Lumentum in $115 billion deal in AI data-center bet
Marvell Technology is poised to acquire Lumentum in a groundbreaking all-stock transaction worth $115 billion. This strategic acquisition is intended to position Marvell more competitively against Broadcom in the rapidly growing AI sector. With this expansion, Marvell anticipates boosting its optical components production to satisfy the escalating demand in data transfer spurred by AI innovations in data centers.
US midterm elections: Key Senate, House races investors are tracking
This year's U.S. midterm elections are anticipated to influence important policies in the financial sector. Key Senate races include Sherrod Brown and Jon Husted in Ohio, indicative of cryptocurrency regulation. Additionally, gubernatorial elections in states like Texas and Georgia will shape artificial intelligence infrastructure investment.
AI debt surge pushes Magnificent Seven borrowing to $578 billion, up 45%: SBI Research
The combined debt of the seven largest US technology companies, widely known as the Magnificent Seven, has increased nearly 45 per cent to USD 578 billion by mid-2026, raising concerns over the financial risks linked to the rapid expansion of artificial intelligence infrastructure, according to a report by SBI Research.
India can achieve $1 trillion exports target this fiscal despite global headwinds: Piyush Goyal
Commerce Minister Piyush Goyal expressed confidence that India would achieve its $1 trillion exports target in 2026-27 despite global uncertainties. He said nine FTAs could open preferential market access to economies with a combined GDP of $60 trillion. Goods and services exports were estimated at $476.2 billion in April-September.
OpenAI cuts funding target by $10 billion: FT
AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times
Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen
The wipeout would amount to slightly more than SpaceX's entire market value. The index has fallen over 5.8% so far in October as the AI trade ran into turbulence, with hyperscalers Meta Platforms, Alphabet and Amazon.com raising spending forecasts further as they race to expand AI infrastructure.
Karnataka urges exporters to leverage FTAs to boost trade, target $1 trillion economy
Karnataka's industries minister MB Patil has urged manufacturers and exporters to leverage free trade agreements effectively. The state has signed trade agreements with 38 countries, which could enhance market access for various products. This initiative is part of Karnataka's goal to achieve a $1 trillion economy in the future. Increasing foreign direct investment highlights the state's economic momentum and potential growth.
Bombs, billions, and household bills: How much is the US-Iran war costing America and its people? Here's all about the war's price tag
By mid-October 2023, the US-Iran war had incurred costs totaling $47 billion, not counting damages to military bases following Iranian assaults. American households are bearing the brunt, each incurring around $2,000, mainly due to skyrocketing energy expenses. With the Pentagon reporting an ammunition deficit amid this escalating conflict, concerns are growing regarding the long-term economic fallout from sustained military engagement.
Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPO
Aswath Damodaran values Anthropic at $1.475 trillion ahead of its anticipated IPO, but warns that compute costs, slowing revenue growth, and competition could alter its outlook. His scenarios range from a negative $373 billion to $4.04 trillion in equity value.
Global Market: Japanese investors extend foreign bond selling streak to six weeks
Japanese investors extended their selling streak in foreign long-term bonds to six weeks, although falling US Treasury yields slowed outflows. Meanwhile, they increased short-term bill purchases and foreign stock investments, while overseas investors returned to Japanese equities.
US-friendly nations slash treasury purchases by 60%, led by Asia
In the first eight months of 2026, countries aligned with the US purchased a net total of $174.3 billion in Treasuries. This amount represents a significant decline, reflecting a drop of over 60% from the previous year. It marks the lowest investment level recorded for this period since 2021. The data highlights a shift in fiscal relationships between the US and its partners.
Mochatrade raises $5.5 million to bring US stock trading closer to Indian traders
Mochatrade has raised $5.5 million in funding to enhance its trading platform for Indian users. The platform allows users to trade US stocks without needing a US brokerage account. It also permits Indian traders to manage funds in rupees, simplifying the entire trading experience. Future plans include introducing contracts linked to pre-IPO companies and other features.
Anthropic IPO: 5 jaw-dropping numbers investors need to know about $1.5 trillion public offer
Anthropic’s planned IPO could test investor appetite for AI amid a potential $1.5 trillion valuation. Revenue growth, substantial losses, $518 billion in infrastructure commitments and reliance on major cloud partners highlight key financial risks investors must assess.
Big Tech’s AI push faces a $1 trillion profit test, says UBS
UBS Global Research indicates that major cloud companies must generate an additional $1 trillion in operating profits by 2031. They are expected to invest $7.7 trillion between 2026 and 2030 to achieve these returns. A decline in returns on invested capital is anticipated as AI infrastructure dominates investments. The largest firms face challenges in securing electricity for expanding data centres.
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