SK Hynix reported its first quarter ever above 100 trillion won in revenue (104.6 trillion, up roughly 328% year over year) with operating profit swinging to 83.3 trillion won from 11.4 trillion a year ago — a more than sevenfold jump — plus a $75 billion shareholder return program. Management said the memory shortage runs through 2030, and HBM4 volumes should overtake HBM3E this quarter. Micron rose about 4% in premarket trade to roughly $967 on the read-through.
Microsoft and Alphabet report after the bell. Microsoft guided revenue to $89.85–$90.95 billion (16–17% growth) with consensus EPS near $4.72; Alphabet is pegged at roughly $3.02 EPS on $127.6 billion. The number that matters is capex — Microsoft is now at about $190 billion for 2026 and Alphabet $195–205 billion, with the two plus Amazon carrying a combined backlog near $1.7 trillion.
Bank of America, Citi and Morgan Stanley arranged the first-lien tranche with Blackstone taking the second lien, funding an SPV that buys Broadcom XPU accelerators and networking gear and leases them to Anthropic, with deliveries starting in calendar 2027. The catch: Broadcom provides residual-value support equal to the first-lien portion. Shares closed up about 4%; stacked on the prior framework, the two deals approach $100 billion.
Anthropic publicly filed its prospectus to list on Nasdaq under "ANT," disclosing $16.3 billion in first-half 2026 revenue against $1.1 billion a year earlier, and an $80.7 billion net loss — roughly $72 billion of which is non-cash charges on financing instruments. It spent nearly $9 billion on compute in the half, more than all of 2025, but booked a $974 million second-quarter operating profit.
Meta lifted its fundraising target to $97.5 billion — $12.5 billion preferred, $25 billion common, and up to $60 billion at-the-market. Nvidia is putting in $3 billion and expanding the Muse partnership, with Meta committing to more Vera Rubin, Vera CPUs, Spectrum-X and BlueField-4. AMD added $1 billion, and Nvidia, AMD and Micron together signaled interest in up to $5 billion of Class A shares.
AMD was among the session's strongest large caps, up about 5.45%, as investors re-read its $20 billion-plus commitment to supply Anthropic with MI450-based Helios systems beginning in 2027. The Philadelphia Semiconductor Index gained 3.60% to 11,482.51 for a third straight advance.
The FOMC statement and Chair Kevin Warsh's press conference land at 2 p.m. ET, hours before Microsoft and Alphabet report. Dow futures were down about 0.3% while S&P 500 futures sat slightly positive and Nasdaq-100 contracts rose 0.3%. The S&P closed Tuesday up 0.6%, within 1.2% of its record high.
At Oracle AI World, Nvidia and Oracle said Vera Rubin NVL72 systems and Vera CPUs are now generally available on Oracle Cloud Infrastructure, with superclusters scaling to multi-gigawatt. Oracle also plans HGX Rubin NVL8 on x86. ORCL closed at $130.53, up 3.55%, though it still faces resistance near $136.
OpenAI is finalizing a private round of up to $30 billion at a $1.25 trillion pre-money valuation, reportedly led by Coatue alongside UAE investors, positioned as a bridge to a 2027 IPO. That's $150 billion below the $1.4 trillion floated in September after investor pushback, and still about 47% above March's $852 billion post-money mark. Commitments are said to be due October 30.
Barclays moved Tesla to Overweight from Equal Weight and raised its target to $450 from $370, citing a possible SpaceX combination; the stock closed up 4.0% at $407.46. ARK reiterated its $4,400 long-term robotaxi target, and Texas DMV data showed 1,051 authorized robotaxis, with Cybercabs a majority at 544 for the first time.
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