Micron ( MU ) shifts focus toward AI-driven growth amid China retreat. Micron Technology shares have stayed resilient despite reports that the company plans to exit China’s server chip business. Micron’s reported decision to stop supplying server chips to Chinese data centers follows regulatory pressure from Beijing. The company will continue sales to automotive and smartphone customers in China while shifting its data-center focus to other global markets. While the move highlights ongoing geopolitical tensions, investors appear confident that surging demand from U.S. hyperscalers and artificial intelligence (AI) infrastructure will more than offset the lost sales in China. Key Points Micron plans to stop supplying server chips to Chinese data centers after regulatory pressure from Beijing. The company’s growing AI-related memory business continues to drive strong results and higher margins. Analysts and technicals point to potential upside, with possible targets near $2...

Premium spending boom and Platinum Card refresh power Amex’s growth. American Express ( AXP ) delivered another strong quarter, beating Wall Street’s expectations and raising its full-year outlook as affluent customers continued to spend heavily and the company’s revamped Platinum Card drew record engagement. 3 Key Points Earnings Beat: Q3 EPS rose 19% to $4.14, topping forecasts of $3.99. Record Spending: Billed business reached $421 billion, up 9% year-over-year. Strong Outlook: Amex raised full-year guidance to $15.20–$15.50 per share in earnings. Record Quarter Driven by Strong Spending American Express reported third-quarter earnings of $2.9 billion, up 16% from the same period last year, as total revenue climbed 11% to $18.4 billion. The results exceeded analyst estimates and extended the company’s streak of seven consecutive quarters of earnings beats. Average card member spending rose 5% year-over-year to $6,387, while total billed business ...

Bitcoin sinks below $104,000 amid historic crypto selloff and renewed global tensions. Bitcoin ’s sharp downturn continued this week as the cryptocurrency market endured one of its steepest declines of 2025. The move wiped out roughly six hundred billion dollars in total market value and shook investor confidence in digital assets long touted as “ digital gold .” 3 Key Points Massive liquidation wave: Over nineteen billion dollars in leveraged positions erased in a single weekend. Macro risks resurface : US-China trade tensions trigger broad risk-off sentiment. Safe-haven doubts : Bitcoin fails to hold up as gold and silver hit new highs. Bitcoin’s Historic Fall: What Happened? Bitcoin (BTC) has fallen about 4% to around $103,550 , marking its lowest level since June and extending a decline that began shortly after setting a record high of $126,000 on October 6. The latest crash followed a string of leveraged liquidations that swept across crypto exchanges on...

Wall Street was rattled Thursday as fears of a hidden credit crisis resurfaced, dragging bank stocks sharply lower and spiking market volatility. 3 Key Points Zions Bancorporation and Western Alliance dropped double digits after disclosing loan losses and fraud-related actions. JPMorgan CEO Jamie Dimon warned that one default can reveal more problems, reviving worries about hidden loans in private credit and bank portfolios. The VIX jumped to its highest intraday level since May as investors rushed to safe havens and Treasury yields fell below 4%. Banking Stocks Plunge on Credit Fears Financial markets turned sharply lower on Thursday after fresh signs of credit stress reignited concerns about hidden risks on bank balance sheets. The Dow Jones Industrial Average fell 0.7%, the S&P 500 lost 0.6%, and the Nasdaq Composite declined 0.5%. Financials were among the worst performers, including a drop of more than 5% in the SPDR S&P Bank ETF. The sell-off was triggere...

TSMC ( TSM ) stock jumped after record-breaking earnings underscored surging demand for AI chips and stronger long-term growth. Key Points TSMC posted record quarterly revenue and earnings, crushing Wall Street estimates. AI chip demand drove over half of total revenue and remains on a multi-year uptrend. Management raised guidance again, signaling confidence in sustained semiconductor growth. Record Results Show AI Demand Is Still Accelerating Taiwan Semiconductor Manufacturing Co. (TSM) delivered a blockbuster third quarter that left Wall Street impressed and reinforced its leadership role in the artificial intelligence supply chain. Revenue climbed 41% year over year to roughly $33.1 billion, while earnings per share jumped 39% to $2.92. Both figures easily surpassed analysts’ expectations. The company credited strong demand for advanced process technologies — particularly for AI chips — as the primary growth driver. CEO C.C. Wei said on the earnings call that “co...

Walmart ( WMT ) teams up with OpenAI to bring ChatGPT-powered shopping directly to customers — and investors are taking notice. Walmart is making waves in the retail world after announcing a groundbreaking partnership with OpenAI, allowing shoppers to buy products directly inside ChatGPT. The move marks a major step toward AI-driven commerce and has propelled Walmart’s stock toward record highs, inching closer to a $1 trillion valuation. Analysts say this could redefine how consumers interact with digital retail — and how investors view Walmart’s growth potential. Key Points Walmart partners with OpenAI to launch in-chat shopping via ChatGPT’s “Instant Checkout.” The retailer’s stock surged more than 4% on the announcement, nearing a record high. Analysts say Walmart’s AI strategy positions it among top contenders for trillion-dollar status. How Walmart Is Integrating ChatGPT Into Shopping The OpenAI partnership lets Walmart customers browse and purchase products dire...

Morgan Stanley ( MS ) and Bank of America ( BAC ) climb on strong earnings and resilient U.S. consumer spending.  Dealmaking and trading rebounds powered Morgan Stanley and Bank of America to double-digit earnings growth, signaling renewed strength across Wall Street. Key Points Morgan Stanley’s profit jumped 45% as investment banking and equity trading surged. Bank of America delivered record net interest income and an 11% rise in total revenue. Both stocks rallied sharply as Wall Street’s dealmaking and capital markets momentum accelerated. Why Bank Earnings Are Booming Again After a sluggish start to the year, the third quarter brought a clear turnaround for Wall Street’s biggest banks. Morgan Stanley and Bank of America both crushed analyst expectations as dealmaking, trading, and wealth management revenues roared back to life. The resurgence reflects a broader recovery in CEO confidence and market activity after months of hesitation earlier in 2025. M...