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These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analyst
No doubt, the mood in the market has changed and the bulls seem to be back in a determined fashion. Don’t, however, expect the indices to keep climbing daily. There will be pauses. Also, though the things troubling the market have receded for now, they can still return. And these troubles are likely to be global rather than local.
Anthropic targets $90 billion IPO at $1.4 trillion valuation
Anthropic PBC is preparing for an initial public offering aiming for a fully diluted valuation of $1.4 trillion. The company plans to raise up to $90.4 billion, including a private placement with major investors. It has reported a revenue run rate of $81 billion, showcasing significant growth in recent months. The IPO is scheduled to price on November 18 and begin trading the next day.
Nvidia's 700,000% return faces a succession test amid Huang's China spy affair
Nvidia's CEO Jensen Huang maintains a unique office structure that reflects his hands-on management style. With around 60 direct reports, he closely oversees company operations and decisions, even involving himself in employee compensation. Amid recent controversy over personal allegations, questions about Nvidia’s leadership succession have emerged. Huang, who co-founded the company, hopes a suitable successor will arise from within its ranks.
US stocks suffer worst rout since 2020: Dow plunges 1,800 points, Nasdaq crashes 5.5% as AI fears wipe out $3 trillion
Wall Street experienced a major selloff in technology stocks following recent midterm election outcomes. The Nasdaq Composite recorded its steepest decline in 19 months, while the S&P 500 also fell sharply. Investors are worried about potential regulations impacting AI infrastructure growth amid increasing political resistance. Major chipmakers, including Nvidia, saw significant losses alongside other AI-related companies. Analysts are closely monitoring upcoming economic data to gauge the Federal Reserve's actions.
Nasdaq set to confirm correction as AI stocks tumble
The shock selloff comes a day after the Democrats' election victory including in some key data-center states drove concerns about a slowdown in the AI data-center buildout, optimism about which had pushed stock markets to record highs earlier this year.
Musk stocks lose $120 billion as Democrats’ Texas win rattles investors
Tesla and SpaceX lost more than $120 billion in combined market value after Democrats scored major election victories in Texas and across the US. Investors are concerned that a Democrat-controlled Congress could increase scrutiny of Elon Musk’s businesses, complicate a potential Tesla-SpaceX merger and create fresh regulatory hurdles.
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Donald Trump's midterm drubbing demonstrates the power of data center opponents
Democrat victories in recent midterm elections signal a shift in public sentiment regarding data centers and AI technology. Key races in Texas and Georgia brought significant wins for candidates opposing data center development. Analysts estimate that nearly half of planned US data center capacity could face new regulations and moratoriums. Concerns have emerged over potential slowdown effects on the AI and technology sectors as stocks decline.
US stock futures rise after midterms: Why are Dow Jones futures up nearly 800 points despite a Democratic sweep? S&P 500, Nasdaq gain as AMD and Nvidia stocks climb
Why are US stock futures rising after Democrats win the Senate and House? Dow leads Wall Street rally as AMD, Nvidia and semiconductor stocks gain. Earlier, at 06:02 ET, Dow futures were up 801 points, or 1.6%. S&P 500 futures were up 80 points, or 1.1%, and Nasdaq 100 futures were up 286 points, or 1.0%.
3 US drones shot down near Strait of Hormuz: Iran's IRGC
Iran's Islamic Revolutionary Guard Corps announced the shooting down of three US drones near the Strait of Hormuz. The IRGC claims to have used electronic warfare systems to down the drones, increasing military tensions with the US. Both nations have expressed a willingness to engage in diplomatic negotiations following these events. US officials noted a significant drop in oil prices amid expectations of a potential settlement.
2 tankers explode after allegedly hitting naval mines in Strait of Hormuz, Iran claims
Iran's Islamic Revolutionary Guard Corps reported that two oil tankers exploded in the Strait of Hormuz after striking naval mines. Both vessels allegedly ignored warnings about using restricted routes and had switched off their navigation systems. The UK Maritime Trade Operations issued a warning about an incident in the same area involving a merchant vessel.
Elon Musk’s SpaceX loses $400 billion in market value in weeks: What’s driving SPCX stock down?
SpaceX market value crash: SpaceX has lost more than $400 billion in market value since October 6, with shares falling below $2 trillion in valuation. The sell-off follows the expiration of a major share lockup and comes amid concerns over Intel’s weak forecast, Starlink scrutiny and potential regulatory hurdles for a reported SpaceX-Tesla merger.
Hero MotoCorp Q2 profit jumps 41% as scooter and EV sales surge
Hero MotoCorp’s Q2 FY27 consolidated profit rose 41% to Rs 1,860.55 crore, while revenue increased 23% to Rs 14,970.50 crore. Scooter sales surged 47%, VIDA retail sales grew 76%, and international expansion strengthened growth prospects.
Hero MotoCorp Q2 Results: Profit surges 41% YoY to Rs 1,861 crore, revenue jumps 23%
Hero MotoCorp’s Q2 FY27 consolidated profit rose 41% to Rs 1,861 crore, while revenue increased 23% to Rs 14,971 crore. Scooter sales, 100cc motorcycles and VIDA electric scooters boosted growth, alongside international expansion and investments.
Global Market Today: Asian stocks advance on resurgent AI optimism
The MSCI Asia Pacific Index rose 0.6%, as benchmarks in Australia, Japan and South Korea advanced. The Kospi Index rose 2.6%, with SK Hynix Inc.’s stock climbing after the company reported operating profit that beat estimates. The chipmaker is planning a total of 100 trillion won ($75.4 billion) in shareholder returns for 2026.
Global Market Today: Wall Street gains lift Asian stocks as Fed decision looms
Gauges in Japan and South Korea advanced, helping the broader MSCI Inc.’s Asia Pacific equities gauge rise 0.6%. Equity-index futures for US stocks also climbed in early trading.
Jio vs Starlink makes for a billionaire clash, but India’s satcom race is a minefield in the skies
Jio Platforms is preparing for an IPO while developing its satellite venture to connect remote areas. Reliance Jio's ambitious plan involves deploying 1,600 low-Earth-orbit satellites and 23 ground stations across India. Meanwhile, Bharti Airtel aims to compete with a satellite network of its own through partnerships. The regulatory environment remains complex as both companies navigate their plans amid recent developments.
Iran claims Strait of Hormuz control, warns US warships against entering Persian Gulf amid fresh strike threat
Iran has declared full control over the strategic Strait of Hormuz and warned against US military entry. Meanwhile, US officials hinted at the possibility of an imminent strike on Iran amid ongoing diplomatic efforts. Iranian military leaders have dismissed claims of weakened military capabilities and questioned US assertions about Iran's nuclear facilities. Reports indicate that two supertankers recently experienced accidents in the region, although details remain unverified.
Oil exports from Persian Gulf 'surpassed pre-conflict levels', claims US Treasury Secy Bessent
US Treasury Secretary Scott Bessent announced that oil exports from the Persian Gulf have exceeded pre-conflict levels. This development occurred despite ongoing Iranian threats to disrupt energy shipments to global markets. Iranian state media reported two supertankers struck a naval mine near the crucial Strait of Hormuz. The situation escalated with US Ambassador Tom Barrack indicating a potential military strike against Iran.
On October 23, 1983, 241 US marines died in a terrorist attack in Lebanon. It was the deadliest single-day loss for US forces since WWII
On October 23, 1983, a truck bomb exploded at the Marine barracks in Beirut, killing 241 American servicemen. This attack occurred during Lebanon's civil war, where US troops were part of a peacekeeping mission. The bombing was attributed to Islamic Jihad, which opposed American presence in Lebanon. The devastating loss prompted a reassessment of US military operations and eventually led to troop withdrawal in 1984.
Trump says Camp Lejeune settlement payments could speed up, but there’s a catch
President Donald Trump has promised to speed up Camp Lejeune settlement payments for veterans and families affected by contaminated drinking water, but only if Republicans win control of the House and Senate in the November midterm elections. Here’s what claimants need to know about the pledge, compensation amounts and pending claims.
Musk is getting it wrong on India's space "oligarchs". Here's why
Though Starlink boasts extensive satellite internet coverage, many potential users find the service economically unviable. The Indian government is strategically evaluating its communications infrastructure choices, potentially leaning towards homegrown solutions for critical services, which may boost Reliance's positioning against SpaceX in the market.
E-bike startup Ultraviolette targets 10,000 monthly sales by 2027-end
E-scooters account for close to 20% of new scooter sales in India, while electric motorcycles make up less than 1% of new motorcycle sales, he added. He expects electric motorcycle adoption to pick up as more manufacturers introduce products, similar to the increase seen in e-scooter penetration over the past three years.
A second female lawmaker in Australia is threatened days after alleged car attack
A 56-year-old man threatened staff at Hannah Beazley's electorate office in Perth with nunchucks. Beazley was not present during the incident, which raises safety concerns for female politicians. This event followed another attack on lawmaker Helen Haines, who is in critical condition after being struck by a car. Prime Minister Anthony Albanese expressed his concerns about the increasing violence against women in politics.
Global Market: South Korean shares fall over 1% as chip stocks retreat
South Korean shares fell as investors booked profits in semiconductor stocks after a sharp rally. Attention shifted to the Bank of Korea’s policy outlook, while falling government bond yields and a marginally weaker won reflected mixed sentiment across financial markets.
AI debutant’s flameout stokes fears boom is ending
Elice, a data center and AI developer, faced a significant decline in its stock price during its debut. This situation exemplifies a broader trend where investors are increasingly skeptical about AI valuations and prospects. Several companies, including CoreWeave and Firmus Grid, have also encountered investor pushback regarding their financial outlooks. Rising borrowing costs are contributing to these concerns, impacting the performance of tech stocks, including semiconductors.
US military says Hormuz remains open, 97% of ships cross safely despite Iran attacks
The US military claims that 97% of vessels have transited the Strait of Hormuz safely. This follows recent incidents where Iranian projectiles targeted commercial vessels in the area. CENTCOM reported that US forces and regional partners are enhancing maritime security to ensure uninterrupted commerce. Additionally, Iran's economy is reportedly under strain due to US actions. Both the US and Iran assert their control over this strategic shipping route.
Israeli settlers attack Palestinians, European diplomats in West Bank
Israeli settlers attacked Palestinians and European diplomats during an olive harvest in the West Bank. Belgian Foreign Minister Maxime Prevot reported the incident and emphasized the need for accountability. Belgian consul general, along with French and Polish diplomats, were among those targeted. Settler violence against Palestinians has reportedly surged over the past few years. Israeli police have opened an investigation, although prosecutions of such violence are rare.
SC issues notices to MP Sanjay Raut, journalist Nikhil Wagle over remarks targeting CJI, judiciary
The Supreme Court has taken a notable step by delivering show-cause notices to Shiv Sena MP Sanjay Raut and journalist Nikhil Wagle. Their remarks aimed at Chief Justice Surya Kant were viewed as potentially damaging to public faith in the judicial system, resulting in a contempt plea from the Supreme Court Bar Association.
SpaceX stocks: Why is Elon Musk-owned Space Exploration Technologies Corp-SPCX share price at Nasdaq down?
Elon Musk's SpaceX struck a deal to acquire a nationwide low-band spectrum portfolio, posing a direct challenge to US wireless companies.
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