The three major US stock indices fell collectively, AI hardware sector broadly declined, international oil prices rose

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On October 22, the three major U.S. stock indices fell collectively. As of press time, the Dow was down 0.33%, the Nasdaq was down 1.45%, and the S&P 500 was down 0.82%. EM_StockImg_Start

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The Philadelphia Semiconductor Index plunged 4%, with AI hardware stocks broadly declining. EM_StockImg_Start

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In commodities, international oil prices rose. As of press time, WTI crude oil futures were up nearly 3% at $99.73 per barrel.

Global News

Sudden U.S. Troop Buildup! Aircraft Carrier Deployed! Reports Say U.S. and Israel Have Formulated a New Round of Plans to Strike Iran

Risks of Middle East conflict are rising! According to the latest report by CCTV News, content posted on social media on the 20th by the U.S. aircraft carrier USS Roosevelt showed that the carrier had recently arrived in Japan and conducted resupply. According to U.S. sources, the USS Roosevelt is being dispatched to the Middle East region. It was learned on October 21 local time, citing U.S. officials and other informed sources, that the U.S. and Israeli militaries have formulated specific plans to launch another military strike on Iran after the U.S. midterm elections end.

Yemen's Houthi Armed Forces Intensify Offensive; U.S. Orders Non-Emergency Government Employees to Evacuate Saudi Arabia

As Yemen's Houthi armed forces intensify their offensive against key infrastructure in Saudi Arabia, the U.S. State Department has ordered non-emergency U.S. government employees to evacuate Saudi Arabia. The order came as Saudi Arabia suffered multiple attacks, resulting in at least one death and eight injuries at a civilian airport in Dammam; in addition, a drone attack on an oil field caused two deaths.

Is China Open to a Meeting Among the Heads of State of China, Russia and the U.S.? Foreign Ministry Responds

On October 22, Foreign Ministry spokesperson Mao Ning hosted a regular press conference. A Reuters reporter asked about a possible meeting among the heads of state of China, Russia and the U.S., whether China has maintained communication with Russia or the U.S., whether China is open to it, and whether specific plans have been discussed. Mao Ning said that many colleagues have asked about this question in recent days, and that she currently has no information to provide.

Is the Gold Bull Market Not Over? BlackRock: Governments Around the World Are Deeply in Debt, and the "Good Days" Are Still Ahead!

Evy Hambro, head of global thematic and sector investing at global asset management giant BlackRock, said gold will continue to rise as systemic problems such as swelling debt, runaway deficits and currency depreciation worsen. In a latest interview, he said the global economy is currently facing a complex environment interwoven with a weak dollar, mild stagflation and geopolitical tensions, and these factors are likely to persist.

First Time Since 2002! France's 10-Year Government Bond Yield Breaks Above 5%

As rising energy prices and street protests intensified concerns about France's fiscal outlook, France's benchmark 10-year government bond yield broke above the 5% mark on Wednesday for the first time since 2002. Market data showed that continued pressure on bond prices pushed France's benchmark 10-year government bond yield up another 7 basis points overnight, touching the 5% threshold for the first time since July 2002. This also widened the spread between French and German government bond yields to 159.4 basis points, a 15-year high.

Company News

Tesla Q3 Earnings Released: Doubling Down on AI and Robots, Core Auto Business Under Pressure, Capital Expenditure Far Below Expectations!

After the U.S. market closed on Wednesday, Tesla released better-than-expected third-quarter earnings, despite a decline in automotive business revenue. As of press time, the stock was down more than 3% in after-hours trading. The earnings report showed that Tesla's third-quarter revenue was $28.05 billion, down 0.2% year over year, compared with an estimate of $28.13 billion; adjusted earnings per share were $0.48, above the expected $0.44; adjusted EBITDA was $3.9 billion, above the expected $3.66 billion; and third-quarter operating profit was $718 million, down 56% year over year, compared with an estimate of $599.3 million.

After the U.S. market closed on Wednesday Eastern Time, Meta released its third-quarter 2026 earnings report and held an earnings call. The company's overall revenue and fourth-quarter guidance both exceeded market expectations. The biggest highlight of this earnings report was clearly Meta's personal AI agent Muse. After delivering impressive early user and commercialization data, company CEO Mark Zuckerberg said directly on the earnings call that he plans to increase Muse's computing efficiency tenfold within a year and that it is expected to achieve high profitability within a few years.

"Taking All" of the $28 Trillion Market! JPMorgan Extremely Bullish on SpaceX: Could a Threefold Rally Be in Store?

SpaceX has recently been on a roll — after releasing its second earnings report since going public after the market closed on Tuesday, the company not only achieved sharp year-over-year surges in revenue and profit, but also attracted a frenzy of capital inflows thanks to its standout AI business revenue. On Wednesday, the stock surged 10% in a single day, and major Wall Street banks subsequently set off a wave of rating upgrades for its shares.

HBM Also Needs Cooling: SK Hynix Advances New Technology, Embedded Components Can Reduce Thermal Resistance by 30%

According to a report by South Korean media ETNews, industry insiders revealed on the 21st that SK Hynix has recently contacted upstream partners (SoBuJang) at home and abroad in materials, components and equipment to advance R&D of iHBM technology and prepare for mass production. It is reported that the two sides discussed practical product applications and mass production plans for iHBM.

The "Largest IPO in History" Is Coming: Anthropic Said to Publicly File for Listing as Soon as Friday

According to media reports citing informed sources, Anthropic will publicly submit its S-1 prospectus as soon as this Friday. The move will mark a crucial next step for a project that could become the "largest IPO in history." Anthropic's highly anticipated listing is expected to be larger than SpaceX's IPO in June this year and is widely seen as a key test of investors' appetite for the artificial intelligence (AI) boom — concerns about the industry's massive capital expenditures are currently heating up.

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