Premarket
Semiconductors stocks down 9–25% after its quarterly report and weaker-than-expected outlook dominates discussion · Computer Hardware stocks down 8–12% · Communication Equipment stocks down 8–9%
Overnight headlines
- Biggest-ever crypto hack impacts $6.3 billion as Binance works to contain fallout
Binance estimated the impact of a security incident at $6.3 billion, with around $3 billion in crypto assets frozen, and pledged to cover all losses.
CNBC, WSJ, MarketWatch · Fri 7:24AM ET
- Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings
Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.
CNBC, WSJ · Fri 5:16AM ET
- This one chart tells you everything you need to know about Exxon, Chevron and BP’s forecasting-beating earnings
One slide in ExxonMobil’s investor presentation after its third-quarter earnings explains the financial situation for the integrated oil giants very neatly.
MarketWatch, CNBC · Fri 8:23AM ET
- Amazon’s and Intel’s stocks are set to plunge. But Wall Street’s October winners may surprise you.
A rough month in the technology sector was less spooky in other sections of the stock market.
MarketWatch · Fri 7:32AM ET
- Why Intel’s stock is sinking toward its worst day in two years — and a $128 billion wipeout
Intel’s PC business is under pressure as memory-chip prices dent demand and as corporate IT teams have less budget for laptops.
MarketWatch · Fri 7:27AM ET
Overnight movers & trending
US-listed, $5B+| Ticker | Ext. price | Implied move | Why | ||
|---|---|---|---|---|---|
$INTC Intel Corporation Leads 4 Semiconductors stocks down, -9.1% to -24.5% (below); After its quarterly report and weaker-than-expected outlook dominates discussion | -24.52% | $488.9B | Leads 4 Semiconductors stocks down, -9.1% to -24.5% (below); After its quarterly report and weaker-than-expected outlook dominates discussion | ||
$BBUC Brookfield Business Corporation | -23.26% | $5.9B | — | ||
$RDDT Reddit, Inc. Reddits quarterly results beat expectations | -22.11% | $24.9B | Reddits quarterly results beat expectations | ||
$TWLO Twilio Inc. After releasing Q3 results despite raising full-year revenue guidance | -19.24% | $37.1B | After releasing Q3 results despite raising full-year revenue guidance | ||
$RBLX Roblox Corporation As user growth and guidance miss expectations | -16.28% | $37.5B | As user growth and guidance miss expectations | ||
$ILMN Illumina, Inc. Despite earnings beat on China woes | -13.16% | $43.8B | Despite earnings beat on China woes | ||
$DELL Dell Technologies Inc. Leads 5 Computer Hardware stocks down, -7.7% to -12.2% (below) | -12.18% | $302.3B | Leads 5 Computer Hardware stocks down, -7.7% to -12.2% (below) | ||
$SYK Stryker Corporation After sales guidance cut | -10.79% | $119.6B | After sales guidance cut | ||
$ARM Arm Holdings plc As its arm’s unit deploys Finacle Universal Banker across all… | -9.08% | $244.3B | As its arm’s unit deploys Finacle Universal Banker across all… | ||
$AAOI Applied Optoelectronics, Inc. Leads 3 Communication Equipment stocks down, -7.7% to -8.9% (below) | -8.95% | $6.7B | Leads 3 Communication Equipment stocks down, -7.7% to -8.9% (below) | ||
$SNDK Sandisk Corp Part of Computer Hardware move (below); SanDisks strong quarterly results | -9.25% | $192.2B | Part of Computer Hardware move (below); SanDisks strong quarterly results | ||
$AMZN Amazon.com Inc As a modest earnings and revenue miss | -7.34% | $2.6T | As a modest earnings and revenue miss | ||
$AAPL Apple Inc Apples resilience while AI-focused megacaps sell off has fueled talk… | -1.38% | $5.1T | Apples resilience while AI-focused megacaps sell off has fueled talk… | ||
$RIVN Rivian Automotive Inc Rivians better-than-expected Q3 results and higher full-year delivery outlook | +6.53% | $16.6B | Rivians better-than-expected Q3 results and higher full-year delivery outlook |
↳ Inside the Semiconductors move
4 Semiconductors stocks fell 9–25% together overnight. These are all the stocks in the group.
| Ticker | Overnight | Mkt cap | Ext. price | Implied move |
|---|---|---|---|---|
$INTC Intel Corporation | -24.52% | $488.9B | ||
$MXL MaxLinear, Inc. | -10.63% | $6.5B | ||
$SMTC Semtech Corporation | -9.48% | $13.1B | ||
$AMD Advanced Micro Devices, Inc. | -9.12% | $924.7B |
↳ Inside the Computer Hardware move
5 Computer Hardware stocks fell 8–12% together overnight. These are all the stocks in the group.
| Ticker | Overnight | Mkt cap | Ext. price | Implied move |
|---|---|---|---|---|
$DELL Dell Technologies Inc. | -12.18% | $302.3B | ||
$HPQ HP Inc. | -9.99% | $28.7B | ||
$SNDK Sandisk Corporation | -9.25% | $192.2B | ||
$P Everpure, Inc. | -7.84% | $45.7B | ||
$WDC Western Digital Corporation | -7.69% | $148.0B |
↳ Inside the Communication Equipment move
3 Communication Equipment stocks fell 8–9% together overnight. These are all the stocks in the group.
| Ticker | Overnight | Mkt cap | Ext. price | Implied move |
|---|---|---|---|---|
$AAOI Applied Optoelectronics, Inc. | -8.95% | $6.7B | ||
$LITE Lumentum Holdings Inc. | -7.77% | $83.3B | ||
$HPE Hewlett Packard Enterprise Company | -7.69% | $78.1B |
↳ Inside the Semiconductor Equipment & Materials move
4 Semiconductor Equipment & Materials stocks fell 7–9% together overnight. These are all the stocks in the group.
| Ticker | Overnight | Mkt cap | Ext. price | Implied move |
|---|---|---|---|---|
$Q Qnity Electronics, Inc. | -8.69% | $25.7B | ||
$FORM FormFactor, Inc. | -8.21% | $7.6B | ||
$ONTO Onto Innovation Inc. | -8.06% | $10.9B | ||
$LRCX Lam Research Corporation | -7.49% | $318.3B |
Earnings · next 3 days
$2B+ US-listed- Fri Oct 30Pre-market
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Time TBD- $TLK
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After close- $AAPL (a name we trade)
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● Names we cover or trade, listed first; then biggest companies first. Hover a ticker for the company, size and time.
For information only, not financial advice. Details may be incomplete or wrong; don't rely on them for financial decisions. Quotes may be delayed. Implied move: nearest-expiry at-the-money straddle (* = a leg last traded before the latest session). Sources: Yahoo Finance, StockTwits, CNBC, MarketWatch, WSJ, Google News.