Flash News

TREE NEWS reports: ARK Invest’s updated open-source valuation model puts Tesla at about $4,400 per share by 2031, implying a roughly $17.5 trillion market capitalization under its base case. Monte Carlo simulations across 32 variables produce a bear case near $3,300 and a bull case near $5,000, with annualized gains of 53% and 66%, respectively. ARK expects Robotaxi to generate about 80% of enterprise value by 2031, while cumulative Optimus sales reach about 1 million units.

TREE NEWS reports: CoreWeave shares dropped 6% on the day, hitting their lowest level since May 2025. The move extends a sharp pullback in the AI cloud and GPU provider’s stock, which has come under pressure in recent sessions. No further details were immediately available.

TREE NEWS reports: US sector ETFs opened mixed, with the healthcare ETF up nearly 2% and regional bank and bank ETFs up more than 1%. The semiconductor ETF fell nearly 2% and the technology sector ETF dropped more than 1%.

TREE NEWS reports: Several US stock-related contracts extended losses over 24 hours, with INTW falling 11.6% to 16.97 USDT, AXTI down 6.6% to 52.83 USDT, BWET down 6.4% to 816.42 USDT, SNXX down 6.3% to 9.67 USDT, and INTC down 6.1% to 89.57 USDT. The declines were reported in 24-hour contract data.

TREE NEWS reports: The Philadelphia Semiconductor Index fell 1.75% in early US trading, with memory-chip stocks broadly lower: SK Hynix down about 3%, Micron and SanDisk about 2% each, and Western Digital and Seagate about 1% each. Optical-communications names also declined, including Coherent down about 4% and Credo and Lumentum about 3% each. General Motors fell about 6% after reporting third-quarter results, while Braze jumped about 52% on Salesforce’s agreement to acquire it for $47.50 per share in cash.

TREE NEWS reports: AI-related stocks fell at the U.S. market open, with Astera Labs down 3.07%, Super Micro down 2.4%, Teradyne down 2.39%, Dell down 2.21% and Arm down 2.2%. The Dow rose 0.09%, while the S&P 500 fell 0.17%, the Nasdaq dropped 0.41% and the VIX gained 1.14%.

TREE NEWS reports: The S&P 500 opened 11.72 points lower, down 0.15% at 7,679.01, while the Dow Jones Industrial Average slipped 6.82 points, or 0.01%, to 51,959.21. The Nasdaq Composite fell 97.97 points, or 0.37%, to 26,332.92 at the open.

TREE NEWS update: Aoshikang announced plans to issue overseas-listed foreign shares (H shares) and apply for a main board listing on the Hong Kong Stock Exchange. The Shenzhen-listed printed circuit board maker disclosed the move without providing details on offering size, pricing or timing. The proposed listing would add a second trading venue for the company’s shares.

TREE NEWS update: DeepSeek fully open-sourced its inference framework, compatible with Nvidia and Huawei Ascend chips, achieving a single-cluster daily throughput of 155 trillion tokens and revenue of $38 per card per hour. The release comes as the U.S. government directs agencies to stop using DeepSeek, with China’s Foreign Ministry opposing the politicization of tech and trade issues. AI trading sentiment tightened, with U.S. premarket memory chip stocks falling, SK Hynix down about 4%.

TREE NEWS reports: General Motors shares extended their premarket decline to 8% after the automaker reported its third-quarter earnings. The drop came as investors reacted to the results, though the material did not specify the figures behind the move.

TREE NEWS update: Salesforce will acquire Braze at $47.50 per share in cash, the company said. The all-cash deal values the customer engagement software maker at a fixed per-share price. No further terms of the transaction were disclosed.

TREE NEWS update: Apple is bringing in new US manufacturing partners for its iPhone Duo and iPhone 18 Pro, the company said. It will partner with Perryman to supply titanium and is expanding its collaboration with Qnity Electronics. The announcement names the two suppliers but gives no timeline or investment figures.

TREE NEWS update: Yangguang Co. announced that its controlled subsidiary Shenzhen Yangguang Jinhui Technology signed a supplementary service agreement with Company A to raise unit prices and increase quantities for undelivered server rental services, lifting the total tax-inclusive service fee from RMB 633 million to RMB 1.104 billion, a 74.48% increase. Yangguang Jinhui has delivered about 16.4% of servers since Sept. 12, all accepted by both parties, with remaining batches due by Nov. 30, 2026, and a five-year service term from each batch’s activation.

TREE NEWS update: Han’s CNC reported third-quarter 2026 revenue of RMB 2.856 billion, up 87.77% year on year, with net profit attributable to shareholders of RMB 587 million, up 157.08%. Non-recurring net profit rose 157.47% to RMB 582 million. For the first nine months of 2026, revenue reached RMB 7.841 billion, up 100.90%, while net profit climbed 214.03% to RMB 1.544 billion.

TREE NEWS update: Ruijie Networks’ inventory rose 207.32% from the start of the year to exceed 9 billion yuan by the end of the third quarter, the company said in its 2026 Q3 report. On October 20, Ruijie attributed the buildup mainly to “strategic stockpiling” of core raw materials, primarily chips.

TREE NEWS update: Hilton plans to move its stock exchange listing from the New York Stock Exchange to Nasdaq, with its shares set to begin trading on Nasdaq on November 5. The hotel group’s transfer shifts one of the NYSE’s long-standing listings to its rival exchange.

TREE NEWS update: More than 20 companies listed on the Shanghai Stock Exchange have disclosed their 2026 “quality improvement, efficiency enhancement and heavy return” 2.0 action plans since the bourse launched the initiative in June, the latest batch including COSCO Shipping Holdings, Huayin Electric Power, Ningbo Ocean Shipping and Huaqin Technology. The plans set out quantifiable and practical measures on operational quality, shareholder returns and governance standards.

TREE NEWS update: 3M reported third-quarter net sales of $6.6 billion. Adjusted earnings per share came in at $2.50, ahead of the $2.38 consensus estimate. The industrial conglomerate’s results cover the third quarter.

TREE NEWS update: Unitree Robotics said its shares rose more than 30% over three consecutive trading days, triggering an abnormal trading volatility notice. The company cautioned that the humanoid robot industry remains in an early commercialization phase, with uncertainty around technology maturity, downstream demand cultivation and supply-chain support. If large-scale commercialization falls short of expectations, future revenue expansion and earnings release could be adversely affected, posing valuation-regression investment risk.

TREE NEWS update: RTX reported third-quarter adjusted sales of $24.97 billion, topping the $24.08 billion estimate, with adjusted earnings per share of $2.26 versus $1.79 expected. The company raised its full-year adjusted EPS guidance to $7.65-$7.75 from $7.10-$7.25. RTX shares rose more than 3% in premarket trading.