On October 26, U.S. stocks opened with the Dow Jones up 0.2%, the S&P 500 up 0.25%, and the Nasdaq up 0.28%. Storage stocks saw gains, with SK Hynix rising 1.9%, Micron Technology up 1.2%, and SanDisk up 0.6%. Optical communication stocks opened broadly higher, with Lumentum up 0.94%, Corning up 0.25%, Coherent up 0.43%, Applied Optoelectronics down 0.43%, Ciena up 0.29%, Broadcom up 1.09%, and Mellanox Technologies down 0.43%. Tesla rose 3.3% after Barclays upgraded its rating from hold to overweight. Meta Platforms fell 0.77% as the company plans to raise up to $95 billion through stock issuance to support AI growth.

On October 26, Anthropic publicly submitted its IPO application to Nasdaq under the ticker 'ANT'. According to the prospectus, for the six months ending June 30, 2026, the company reported revenue of $16.3 billion, up from $1.2 billion in the same period last year; however, it also reported a net loss of $80.7 billion and cautioned that it may not achieve or maintain profitability in the future. As of June 30, the company had raised $141.1 billion in capital; the number of customers paying over $100,000 annually increased from 950 to over 11,900, with a net revenue retention rate of approximately 900% as of September 30. In terms of computing investments, the company plans to spend up to approximately $114.5 billion on Google by 2033, with total expenditures related to SpaceXAI arrangements potentially reaching $120.5 billion by 2029, and a total rent of approximately $161.2 billion (excluding interest) under Broadcom leasing arrangements during the lease term. The company expects that computing and infrastructure costs will continue to increase in absolute terms and will remain its largest operating expense for the foreseeable future.

On October 26, according to CCTV International News, the Egyptian Parliament today (October 26) passed a resolution authorizing President Sisi to send troops to Saudi Arabia. It is reported that the Egyptian House of Representatives held a meeting to vote on Sisi's request for authorization to deploy troops to defend Saudi Arabia. This was the third meeting held on this matter after two emergency meetings last week failed to reach a consensus.

On October 26, Bloomberg reported that cryptocurrency, venture capital, and prediction market firms associated with Donald Trump and his family are ramping up efforts to hire lawyers and lobbyists in preparation for possible congressional investigations. The report states that Democratic lawmakers have requested information from World Liberty Financial and 1789 Capital, focusing on whether these firms received government contracts, policy advantages, and if there are any conflicts of interest. Analysts believe that even if Democrats gain a majority in Congress during the midterm elections, the investigations may face obstacles, including challenges in compelling foreign individuals to provide testimony or documents, and uncertainty regarding whether federal agencies like the Department of Justice will take further action. The related firms and the Trump family maintain that their business activities are in compliance with legal regulations.

On October 26, according to Xinzhiyuan, Musk stated during a discussion hosted by Walter Isaacson, author of the biography of Steve Jobs, that in the face of ASI (Artificial Superintelligence) that is thousands of times more intelligent than humans, humanity is like chimpanzees. AI is unlikely to want to dominate humans; the real risk is being 'systematically ignored.' He advocates for endowing AI with extreme curiosity and a pursuit of truth, avoiding contradictory constraints, and cited HAL 9000 as an example. He mentioned that digital superintelligence would only increase global output by 20% to 30%, approximately $30 trillion annually; if embodied intelligence becomes widespread and is combined with space resources, the economic scale could expand by a million times, with labor devolving into a hobby similar to gardening, rendering money meaningless, and wealth measured in power (watts) and mass (tons). He predicts that AI will surpass any individual by 2026 to 2027 and collective human intelligence by 2030 to 2031, with at least 100 million humanoid robots in five years and over one billion in ten years.

According to reports, Meta plans to issue $22.5 billion in Class A common stock, and it is also said that Meta may sell up to $60 billion in Class C stock.

On October 26, U.S. stock market cloud computing concept stocks collectively fell in pre-market trading, with NEBIUS, IREN Ltd, CoreWeave, Hut 8, and Riot Platforms dropping over 3%. The news comes after Elon Musk warned that the tightening credit market is expected to lead to large-scale bankruptcies and consolidations among over 200 specialized cloud computing providers. Musk stated on social media that the debt market has nearly cut off financing channels for companies without actual revenue other than data centers, making it difficult for these companies to secure funds from the debt market. In contrast, SpaceX can obtain financing due to its investment-grade credit rating, supported by substantial revenues from its Starlink and rocket launch businesses, unlike some new cloud providers that heavily rely on renting computing power to AI developers. He anticipates that over 200 emerging tech companies will face large-scale bankruptcies and consolidations, noting that 'some companies may survive, but only a very few.'

SK Hynix: Currently reviewing various shareholder return measures, but no decisions have been made as of now.

This week, the world's five major central banks are set to announce their interest rate decisions. The market widely expects the Federal Reserve to maintain the federal funds rate unchanged on Wednesday, with only a 10% bet on a 25 basis point hike, although bets for a rate increase in December are higher. The European Central Bank is expected to keep the deposit rate at 2.50% on Thursday. The Bank of Japan is anticipated to maintain its policy rate at 1.25% during its two-day meeting ending on October 30. Meanwhile, the market sees an 81% probability that the Bank of Canada will raise rates by 25 basis points to 2.50% on Wednesday, and the Reserve Bank of New Zealand may also raise rates by 25 basis points to 3.0% on the same day. In terms of data, Japan's core CPI excluding fresh food rose by 2.1% year-on-year in September, exceeding the 2% target for the first time in nine months, up from 1.7% in August; the core CPI excluding fresh food and energy increased by 2.4%, higher than August's 1.9%. Chris Weston, head of research at brokerage Pepperstone, stated that forward guidance may be more important than the decisions themselves, with the key being how policymakers shape expectations for subsequent meetings.

During the Cambricon Q3 2026 earnings briefing held today, Chairman and CEO Chen Tianshi addressed market discussions regarding the rumor that the company would ship over 1 million chips next year. He stated that the company has never communicated such information. He emphasized that company announcements are the effective means for all investors to obtain information equally. If there are significant matters that require disclosure under regulatory requirements, the company will fulfill its information disclosure obligations in accordance with the law, and he reminded investors to rely on the information disclosed on the Shanghai Stock Exchange website or the company's official website. (Blue Whale News)