JUST IN: AMD $AMD and Super Micro $SMCI just added over $50 BILLION in market value after hours. AMD posted RECORD Q3 sales of $13.4 BILLION and now expects about $17 BILLION next quarter, up 66% from a year ago. Super Micro made $19.9 BILLION in ONE quarter, almost its ENTIRE $20.6 BILLION market value. $AMD jumped as much as 7% after hours, and $SMCI as much as 8.6%.
Grok bot just hit a roadblock. SpacexAI caps Grok Bot usage as Elon Musk confirms operating costs of the AI agent has become unsustainable. Musk said that Grok Bot’s weekly allowances have been reduced because the cost of running the agent had become too high relative to revenue. The move follows rapid growth, with Grok Bot reportedly reaching 800,000 paid weekly users within two months. Users have complained that their allowances are now running out much faster, with some reporting usage limits being reached days before the weekly reset. Musk says the changes are necessary to keep the service sustainable, while hinting that higher-usage plans may offer more capacity.
🚨JUST OUT: Anthropic’s Q3 revenue surges 1,127% YoY to nearly $17 BILLION from $1.4B a year earlier. Revenue for the first nine months reaches $33.2B, up from $2.5B a year ago, up about 13 times. - Operating costs: $17.5B, including $9.86B for computing and infrastructure - Net loss: $23.3B ($21.9B non-cash charge) - Future spending: $895.4B Anthropic also raised its Google Cloud spending commitment to $121.3B and gave $GOOGL an option to buy up to $10B in non-voting shares. AI demand is booming, but computing costs are putting pressure on profits.
AI stocks in October: Intel: -45% Nvidia: -10.4% CoreWeave: -37% Micron: -17% Google: -18.7% Dell: -21% AMD: -17.5% Marvell: -25.7% Sandisk: -34% AI-linked stocks got hit HARD, with chipmakers, cloud providers and infrastructure suppliers posting steep losses “UPTOBER” was never real.
INSIGHT: Bitcoin’s last THREE cycle bottoms came shortly after the U.S. midterm elections. 2014 → 71 days later 2018 → 39 days later 2022 → 13 days later The next U.S. midterm election is TOMORROW, November 3rd. If the pattern repeats, late 2026 to early 2027 could be a window to watch for $BTC’s next cycle bottom. Three examples make an interesting pattern, but they don’t prove elections drive the cycle.
🚨Tesla owners say they're canceling FSD after its latest update over veering and sudden braking. Owners of older HW3 Teslas say update 2026.38.5.11 to Full Self Driving, which began rolling out on October 24, has their cars veering off the road and braking hard on highways for no reason. One says his car "tried to kill me 4x" in a single day before he canceled. Another user shared a clip of a Tesla driving into a barrier at 69 mph, with the driver saying FSD never saw it. Others say they've had no issues, and that FSD still requires supervision.
⚠️ALERT: Core DAO's $CORE plunges 12% to an all time low after an attacker drains 97 MILLION tokens. That's 99.8% below its 2023 peak of $6.14, and down over 22% this week alone. The attacker drained the CORE, worth $1.47 MILLION, from Bitcoin staking protocol b14g on October 31. They emptied 91 staking orders by asking to withdraw 0 CORE from each, which the staking code read as everything, per Bitquery.
🚨HUGE: Goldman data shows hedge funds wiped out ALL their AI buying since 2025 in just 5 days. The bank's prime brokerage desk saw them net sell global AI stocks for five straight sessions, reversing all their AI buying since the start of 2025. They also sold about $20 BILLION of tech stocks in two weeks. Most of it was selling what they owned, at 3.5 times the pace of new bets against AI. Goldman's basket of hedge funds' favorite stocks fell 4.2% on October 22, its worst day since 2011. Across all stocks, hedge funds cut about 7.8% of their total exposure, the biggest drop in Morgan Stanley data going back to 2016, per Steno Research. Memory giants Samsung, SK Hynix, Micron and SanDisk lost more than $700 BILLION in under two weeks. Chip stocks fell 15.6% in October, while the S&P 500 fell less than 1%.
🚨MASSIVE: Wall Street legend Stan Druckenmiller backs the company bringing Hyperliquid-powered futures to the U.S In his first-ever X post, he disclosed an investment in trade[XYZ], which is partnering with NYSE owner ICE to bring Hyperliquid-powered, 24/7 perpetual futures to the United States. “I am excited to be an investor in trade(xyz),” he wrote, adding that he plans to use the product to “enhance my investment process.” Druckenmiller previously ran George Soros’s Quantum Fund and was a mentor to Treasury Secretary Scott Bessent. The proposed markets would cover crypto, equities, commodities and currencies. Hyperliquid supplies the infrastructure, trade[XYZ] develops the markets, and ICE operates the regulated exchange and clearing structure. U.S. access remains subject to regulatory approvals but one of Wall Street’s best-known investors is already backing the business and intends to become a customer.
🇹🇭 BREAKING: Thailand’s Supreme Court recognizes Bitcoin as LEGAL PROPERTY. In a robbery case, the court rejected a defendant’s claim that Bitcoin has no inherent value. Attackers had forced a victim to convert $50,000 into roughly 2.48 BTC and transfer it to them. Judges ruled that Bitcoin’s market price, ability to be exchanged for cash and capacity for ownership make it property protected under criminal law. The court upheld a 10-year prison sentence for a man who assisted the robbers.
