Flash News

TREE NEWS reports: SpaceX (SPCX.O) dropped more than 3% in premarket trading on October 30, while Tesla (TSLA.O) fell 2.4%. The premarket moves were reported before the regular session opened.

TREE NEWS update: ChangXin Technology reported a net profit of 132.04 billion yuan for the first three quarters of 2026, turning profitable year-on-year. Third-quarter revenue reached 118.71 billion yuan, up 613.18% year-on-year, while revenue for the first three quarters totaled 269.02 billion yuan, up 738.51%. The company earlier this month proposed a share buyback of 1 billion to 2 billion yuan at a maximum price of 72.69 yuan per share.

TREE NEWS update: ChangXin Memory Technologies (CXMT) reported net profit attributable to shareholders of RMB 132.04 billion for the first three quarters of 2026, reversing a year-earlier loss, on revenue of RMB 269.024 billion, up 738.51% year on year. Third-quarter revenue reached RMB 118.714 billion, up 613.18%, with net profit of RMB 54.435 billion. The company attributed the swing to global DRAM shortages that drove up sales volumes and prices while unit costs fell, lifting gross margins.

TREE NEWS update: ChangXin Technology announced a plan to repurchase 1 billion to 2 billion yuan of its shares via centralized bidding at no more than 72.69 yuan per share, funded by self-owned or self-raised capital. The repurchased shares will be used for equity incentives or employee stock ownership plans—capped at about 50% of the total—and at least 50% will be cancelled to reduce registered capital. The plan requires shareholder approval and can be implemented within 12 months after approval, once the stock has been listed for at least six months.

TREE NEWS update: Biwin Storage plans to repurchase shares through centralized bidding for between 200 million and 250 million yuan, at a maximum price of 269.47 yuan per share, the company said. The buyback, funded to reduce registered capital, is expected to cover 742,200 to 927,700 shares, or 0.16% to 0.20% of total share capital, and will run for 12 months after shareholder approval.

TREE NEWS update: Chevron reported third-quarter adjusted earnings per share of $5.28, beating the $4.93 estimate. Revenue and other income for the quarter came in at $67.8 billion, above the $62.55 billion expected. The oil major’s results cover the three months ended September 30.

TREE NEWS reports: Strategy sold 5,552 bitcoin and bought 7,218 bitcoin in the third quarter, with its operating income coming entirely from a $20.9 billion markup on its bitcoin holdings. The company also disclosed that CFO Andrew Kang is leaving on Nov. 5.

TREE NEWS update: SoftBank-backed OPAY priced its New York initial public offering at $19 per share, giving the company a valuation of $4 billion. The listing marks the fintech firm’s debut on the New York market.

TREE NEWS update: Traffic Control Technology chairman Gao Chunhai has been placed under detention by a supervisory commission for personal reasons and has resigned as chairman, director and head of the board’s strategy committee, the company said. He remains chief scientist. His resignation automatically ends his status as legal representative, and vice chairman Deng Aiqun has been designated to perform the duties of chairman, legal representative and strategy committee head.

TREE NEWS reports: Amazon held 164 million non-voting preferred shares of Anthropic as of September 30. The company also said it applied the remaining $21.3 billion of its committed investment to OpenAI’s Series C preferred shares in the third quarter. The disclosure details Amazon’s stakes in the two AI developers.

TREE NEWS reports: Intel (INTC) fell more than 27% in premarket trading on October 30, extending a 23% after-hours drop and putting the stock on course for its largest single-day decline since 1974. The selloff followed fourth-quarter guidance of $15 billion to $16 billion in revenue and $0.25 non-GAAP EPS, both below consensus of about $17 billion and $0.43. Intel also expects client segment revenue to fall over 20% sequentially and flagged a roughly $300 million hit from an accident at its Fab 28 plant in Israel. JPMorgan, Piper Sandler and Jefferies cut their price targets.

TREE NEWS reports: Kioxia said its NAND flash average selling price rose by a mid-20% percentage range in the second quarter compared with the previous quarter. The memory maker disclosed the sequential price increase without providing further detail on volumes or revenue.

TREE NEWS reports: Coinbase said its prediction markets business is now generating $200 million a year, even as the exchange reported a slow crypto quarter. Mark-to-market gains in Coinbase’s own crypto investment portfolio lifted GAAP profit to $719 million, more than nine times the $78 million adjusted figure.

TREE NEWS reports: Netflix reported third-quarter earnings per share of $0.87 on October 21, settling OKX’s earnings prediction as Yes, while the corresponding perpetual contract fell about 5.30% from the pre-earnings US close to the first full post-earnings session close. OKX’s “Prophet Season 3” ran separate contracts on whether earnings cleared a preset threshold and whether price rose after the report. SpaceX, Tesla and Meta produced mixed combinations, showing earnings beats and price moves can diverge.

TREE NEWS reports: Kioxia reported second-quarter operating profit of 1.99 trillion yen, ahead of the 1.95 trillion yen expected, while net profit came in at 1.36 trillion yen against a forecast of 1.37 trillion yen. The memory chipmaker’s operating result beat consensus even as net income fell marginally short of estimates.

TREE NEWS update: Unigroup Guoxin Microelectronics Chairman Chen Jie proposed a share buyback via centralized bidding worth RMB 500 million to 700 million, the company said. The repurchased shares will be used for equity incentives or employee stock ownership plans. The buyback price cap is set at no more than 150% of the average trading price over the 30 trading days before the board approves the plan.

TREE NEWS update: CIG Shanghai’s board approved reallocating HK$1.769 billion of H-share IPO proceeds — HK$1.275 billion originally earmarked for broadband and wireless product capacity plus HK$493 million of R&D and marketing funds — toward optical module capacity expansion and equipment automation upgrades. The change still requires shareholder approval. By early September 2026 the company had reached roughly 1 million units of monthly design capacity and plans substantial further expansion over about 15 months.

TREE NEWS reports: Deutsche Bank’s Jim Reid, citing S&P 500 data since 1928, said the index typically bottoms around Oct. 27 and then rises into year-end, with 21 of the past 23 midterm years gaining in the three months after an early-October low. BTIG’s Jonathan Krinsky instead sees the market tracking the 2000 Philadelphia Semiconductor Index collapse, forecasting SOXX to rebound to 550-570 before reversing around the midterm election week.

TREE NEWS update: Eoptolink repurchased 975,700 of its own shares on Oct. 30, 2026, its first buyback, representing 0.07% of total share capital. The shares were bought at prices ranging from 196.97 yuan to 213.27 yuan, for a total consideration of 200 million yuan, excluding transaction fees.

TREE NEWS update: Yuanjie Technology reported net profit attributable to shareholders of RMB 1.024 billion for the first three quarters of 2026, up 866.88% year on year, on revenue of RMB 1.609 billion, a 319.83% increase. Third-quarter revenue reached RMB 684 million, up 283.55%, with net profit of RMB 417 million, up 598.96%. The company attributed the growth to a sharp rise in data center business revenue, higher gross margins and a lower expense ratio.