Reuters reports China's three biggest tech platforms have ordered more than 3 million RTX PRO 5500 cards at roughly $11,400 each, topping $35 billion collectively. Nvidia has told partners it can't guarantee fulfillment — some may get only 5% to 10% of requested volume, with total China orders above 6 million units against a stated 3-million-card global production ceiling for 2027. NVDA traded up around 1.5% to 2% on the demand signal.
Supermicro now guides fiscal Q1 revenue to $18.5B–$19.5B versus prior $14.5B–$15.5B, roughly 280% year-over-year growth, and lifted gross margin to 12.0%–12.5% from 10.4%–10.8% on customer and product mix. Shares jumped 12% to 13%. Full results land November 3 at 5pm ET.
Revenue came in at $14.58B versus $12.74B consensus, up 161% year-over-year, with EPS of $0.35 against $0.14 expected and net income of $4.4B versus a $1.1B loss a year ago. The "Super Intelligence" segment grew ninefold to $7.56B. Independent special committees at both SpaceX and Tesla are assessing a merger with no agreed terms; SPCX was up roughly 10% premarket near $161.
Meta and Tesla both report this afternoon, and AI capex commentary is the swing factor for the whole complex after a choppy two weeks in semis. Bank of America carries a Buy on Meta with an $810 price target, arguing the company is "back on offense with AI." Tesla traded up about 1.4% to $378.77 ahead of the print.
OpenAI is accelerating a roughly $30 billion raise at a $1.4 trillion valuation, with SoftBank and Abu Dhabi's MGX in talks, timed ahead of Anthropic's expected November listing. OpenAI has told investors it expects $70 billion-plus annualized revenue by year-end, up from about $50 billion in September. Some Anthropic investors are now arguing for a $1.5 trillion debut valuation rather than $2 trillion after soft Q3 results. Neither is publicly traded — watch item only.
Roughly $1 trillion in market value has come out of memory names since early October on CXMT competition fears and 2029 oversupply worries — SK hynix down about 26% over five sessions, Samsung down 22%, Micron off around 11%. Nomura calls the AI slowdown narrative overstated and sees about 270% upside for SK hynix; Cantor stays Overweight semis, Goldman calls the China fears overdone.
Harlan Sur moved Intel to Neutral with an $85 price target, citing improved execution under CEO Lip-Bu Tan and CPU-heavy agentic AI workloads plus tight leading-edge supply lifting estimates through 2027. His fiscal 2028 EPS sits about 15% above consensus. The stock popped roughly 4% on the call and added another 2.3% in the latest session.
Analyst Peter Weed upgraded Datadog to Outperform from Market Perform and lifted the target to $350 from $237, saying AI-native customer demand blew past his model — "our imagination failed us." Bernstein's alternative data shows about 50% quarter-over-quarter growth in token consumption at the large AI labs. Shares rose between 5.5% and 7.3% on the note.
Bank of America models Q3 revenue of $111.4B and GAAP EPS of $3.07, ahead of Street at $111.0B and $2.98, with Google Cloud growing about 93% versus 89% consensus. External TPU commitments are pegged at $80B–$100B cumulative through 2028 — over $4B this year, $40B-plus in 2027. Street consensus target sits near $427, with TD Cowen at $485 and JPMorgan at $425.
Wedbush restated its Outperform rating and $600 price target on AMD, keeping the bull case intact through the semiconductor drawdown. AMD added about 1.8% in the latest session alongside a broader chip bounce that followed the sector's longest losing streak since 2008.
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