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SK Hynix Q3 profit jumps more than 7-fold, beats forecasts

updated 28 Oct · 12:21 AM

South Korean chipmaker SK Hynix reported a more than seven-fold rise in quarterly operating profit to 83.3 trillion won ($62.8 billion) for the July-September period, beating market forecasts. Continued demand for AI infrastructure drove up memory chip prices, with DRAM and NAND prices rising significantly from the previous quarter.

Created at 27 Oct · 11:52 PM

2 events↑ importance 75

Developments (2)

27 Oct · 11:52 PM · Reuters
SK Hynix reported a more than seven-fold increase in Q3 operating profit to a record high, exceeding forecasts due to AI-driven demand for memory chips.
28 Oct · 12:20 AM · Yonhap News Agency
SK Hynix reports record Q3 profit and revenue, driven by AI chip demand, marking six consecutive quarters of record performance.

China stock premium over Hong Kong widens on state intervention

China's stock market premium over Hong Kong has widened to its largest in 17 months due to state intervention aimed at stabilizing markets. Billions of dollars have been injected by state funds, but investor confidence remains low, particularly for AI and tech firms.

Created at 28 Oct · 12:20 AM

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SK hynix announces additional 60 tln-won shareholder returns

SK hynix announced on October 28, 2026, that it will return an additional 60 trillion won to shareholders. The company did not specify the exact method or timeline for these returns.

Created at 27 Oct · 11:41 PM

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Palo Alto Networks CEO's Pay Package Reduced After Shareholder Pushback

Palo Alto Networks CEO Nikesh Arora received a reduced pay package following shareholder objections to his previous compensation. Shareholders have rejected the company's executive pay proposals multiple times.

Created at 27 Oct · 11:36 PM

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Dongshan Precision debuts in Hong Kong after $1.3 billion listing

Suzhou Dongshan Precision Manufacturing Co. began trading in Hong Kong on Wednesday after raising HK$9.9 billion ($1.3 billion). The debut comes amid a volatile market for artificial intelligence-linked companies and a broader selloff in Chinese technology stocks.

Created at 27 Oct · 11:21 PM

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VCs like 8VC, Benchmark, Greenoaks raise funds in October SEC filings

Venture capital firms including 8VC, Benchmark, and Greenoaks disclosed fundraising efforts in October SEC filings. Trust Ventures is raising $400 million for its fifth fund, while former Benchmark VCs Victor Lazarte and Kris Fredrickson raised $1.252 billion for their AI fund, Diffusion ONE.

Created at 27 Oct · 10:41 PM

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US stocks climb on AI optimism, Fed decision looms

US stocks advanced on Tuesday, buoyed by continued optimism surrounding artificial intelligence and a steady bond market. Investors are now awaiting the Federal Reserve's policy decision on Wednesday, with a 90% probability of rates being held steady. Major tech companies are set to report earnings this week, with a focus on cloud growth and capital expenditure.

Created at 27 Oct · 9:07 PM

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Robinhood misses Q3 earnings, crypto revenue up but down year-on-year

Robinhood reported third-quarter revenue of $1.42 billion, missing Wall Street expectations, and earnings per share of $0.51, also below projections. Crypto trading revenue rose from the previous quarter to $120 million but fell 55% from a year earlier. Event contracts revenue increased to $173 million.

Created at 27 Oct · 8:46 PM

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NXP Shares Slide After Chipmaker Gives Tepid Revenue Forecast

NXP Semiconductors shares fell in late trading after the chipmaker issued a weaker-than-expected revenue forecast, raising concerns about a slowdown in demand. The company reported third-quarter results on October 26, 2026.

Created at 27 Oct · 8:41 PM

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Visa quarterly profit rises on resilient consumer spending

Visa reported a jump in fourth-quarter profit on Tuesday as customers continued to spend on travel and dining. The payment processor's net income rose to $6 billion, or $3.19 per share, compared with $5.1 billion, or $2.62 per share, a year earlier. Consumer spending has remained resilient due to a strong labor market and wage growth.

Created at 27 Oct · 8:22 PM

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US stocks rise on AI optimism ahead of earnings, Fed decision

updated 27 Oct · 8:21 PM

US stocks advanced on Tuesday, buoyed by sustained optimism in AI-related companies and easing oil prices. Investors are looking ahead to key corporate earnings reports and the Federal Reserve's upcoming interest rate decision.

Created at 27 Oct · 4:58 PM

3 events↑ importance 67

Developments (3)

27 Oct · 4:35 PM · PiQSuite
Wall Street stocks rose Tuesday, boosted by AI optimism and lower oil prices, with Boeing's CEO stating production targets will be missed until 2027.
27 Oct · 6:45 PM · PiQSuite
Stocks advanced Tuesday, boosted by AI optimism and falling oil prices, with the Fed expected to hold rates steady.
27 Oct · 8:05 PM · PiQSuite
US stocks closed higher Tuesday, driven by tech and AI, as the Federal Reserve met and third-quarter earnings season continued.

Robinhood Stock Jumps on Ripple Partnership to Boost RLUSD Stablecoin

updated 27 Oct · 8:21 PM

Robinhood's stock rose over 3% after the company announced a partnership with Ripple to expand the adoption of its RLUSD stablecoin. The deal integrates Ripple's stablecoin, treasury management, and institutional trading services into Robinhood's operations, including its app and Robinhood Chain.

Created at 27 Oct · 3:31 PM

2 events↑ importance 75

Developments (2)

27 Oct · 3:30 PM · CoinGape
Robinhood stock rose over 3% following a partnership with Ripple to expand the adoption of its RLUSD stablecoin.
27 Oct · 8:20 PM · Decrypt
Robinhood will integrate Ripple's RLUSD stablecoin and Treasury software, with RLUSD expected on the main app later this year.

Robinhood profit falls on weaker crypto trading, despite robust activity

Robinhood Markets reported a profit of $476 million, or 51 cents per share, for the three months ended September 30, a decrease from $556 million, or 61 cents per share, a year earlier. The decline was attributed to slower cryptocurrency trading activity, which offset robust trading across other asset classes.

Created at 27 Oct · 8:16 PM

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VanEck Launches Wealth Builder ETF With Bitcoin Exposure

VanEck has launched its Wealth Builder ETF (WBMO) on the NYSE, offering investors a diversified portfolio that includes stocks, bonds, gold, and indirect exposure to Bitcoin. The fund aims to provide a comprehensive investment solution with an annual expense ratio of 0.26%.

Created at 27 Oct · 7:25 PM

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Big Tech earnings to test AI boom amid market turmoil

updated 27 Oct · 6:50 PM

Wall Street anticipates stronger cloud growth from Amazon, Microsoft, and Alphabet this week, but market volatility and rising AI financing costs are dampening investor optimism. Investors are seeking evidence of swift returns from the AI boom to justify its significant price tag.

Created at 27 Oct · 10:08 AM

3 events↑ importance 67

Developments (3)

27 Oct · 10:08 AM · Reuters
Big Tech earnings from Amazon, Microsoft, and Alphabet are a test of the AI boom's viability amid market turmoil and rising AI financing costs.
27 Oct · 3:30 PM · PiQSuite
Big Tech earnings are expected to show accelerated cloud growth, but market volatility and AI financing costs may dampen investor optimism.
27 Oct · 6:50 PM · Business Insider
Tech titans are balancing AI optimism with capital expenditure restraint ahead of Q3 earnings.

NYSE to launch all-or-nothing options on stocks, earnings

The New York Stock Exchange is preparing to launch new all-or-nothing options contracts on stocks and exchange-traded funds, allowing investors to bet on whether an asset will close above or below a set price. The exchange is also seeking approval for binary options tied to company earnings metrics, aiming to capitalize on the surge in event-driven trading.

Created at 27 Oct · 6:04 PM

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Crusoe CEO Defends Rival CoreWeave, Calls Selloff Overblown

Crusoe CEO, a data center developer and AI computing supplier, described the recent selloff of neoclouds as overblown. He also praised rival CoreWeave Inc. for securing favorable deals.

Created at 27 Oct · 5:35 PM

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HCA Healthcare signals flat 2027 earnings, shares slide

HCA Healthcare signaled flat earnings for 2027, citing lower Medicaid payments and a rise in uninsured patients, sending its shares down over 5%. The hospital operator expects 2026 results to be in the upper half of its forecast range. Peers Tenet Healthcare and Universal Health Services also saw declines.

Created at 27 Oct · 5:34 PM

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Goldman, Morgan Stanley tapped to lead Anthropic IPO

Anthropic has selected Morgan Stanley and Goldman Sachs to lead its upcoming initial public offering, according to people familiar with the matter. JPMorgan Chase is also involved in the deal, which could see the AI company debut as early as October. The AI startup recently reached a valuation of approximately $965 billion.

Created at 27 Oct · 5:12 PM

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US Pensions Invest in AI Amid Bubble Fears

US public pension funds are increasing investments in artificial intelligence technologies, including stocks like Nvidia and physical assets such as data centers. This trend mirrors the broader euphoria around AI, which has led to significant spending across various industries. However, concerns about a potential bubble and risks associated with AI technologies are also growing.

Created at 27 Oct · 5:11 PM

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Equities & Funds news from the last 24 hours, curated by PiQ Markets