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U.S. equity futures were little changed on Tuesday evening as investors await earnings reports from megacap technology companies and a rate policy decision from the Federal Reserve due Wednesday.

Futures tied to the Dow Jones Industrial Average rose 5 points, or 0.01%. S&P 500 futures and Nasdaq-100 futures were also hovering near the flat mark.

In Tuesday’s regular trading, the major averages ended the session higher. Chip stocks rose again, this time powered by an announcement from Broadcom

Broadcom Inc. (AVGO) disclosed that it has arranged for financial partners to assume a portion of agreements to purchase AI racks based on custom AI accelerators it designed, along with related lease agreements with an unnamed customer.

As part of the arrangement, Broadcom is providing residual value support through a newly formed special purpose vehicle, referred to as the "Backstop." The company described the Backstop as a contingent liability it believes has a low probability of occurring.

Ultra Clean Technology (NASDAQ:UCTT) presented its Fall 2026 investor update on October 27, 2026, highlighting record third-quarter results that exceeded Wall Street expectations and outlined an aggressive capacity expansion plan to support multi-year semiconductor industry growth. The company, which provides critical subsystems and services to semiconductor equipment manufacturers, reported revenue of $759.0 million and non-GAAP earnings per share of $1.15, both surpassing analyst estimates.

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Ultra Clean Technology (NASDAQ:UCTT) presented its Fall 2026 investor update on October 27, 2026, highlighting record third-quarter results that exceeded Wall Street expectations and outlined an aggressive capacity expansion plan to support multi-year semiconductor industry growth. The company, which provides critical subsystems and services to semiconductor equipment manufacturers, reported revenue of $759.0 million and non-GAAP earnings per share of $1.15, both surpassing analyst estimates.

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Investing.com -- Rosenblatt Securities has named AMD as its top semiconductor pick heading into earnings season, citing strengthening data-center fundamentals and broadening demand despite recent share price declines across the sector.

The semiconductor group with significant data-center revenue exposure has seen share prices decline approximately 25% on average over the past month, according to Rosenblatt Securities. However, the firm notes that data-center fundamentals continue to strengthen,

Broadcom Inc. (AVGO) disclosed that it has arranged for financial partners to assume a portion of agreements to purchase AI racks based on custom AI accelerators it designed, along with related lease agreements with an unnamed customer.

As part of the arrangement, Broadcom is providing residual value support through a newly formed special purpose vehicle, referred to as the "Backstop." The company described the Backstop as a contingent liability it believes has a low probability of occurring.

Investing.com -- Fitch Ratings affirmed Broadcom Inc (NASDAQ:AVGO) Long-Term Issuer Default Rating at 'A-' on Tuesday while maintaining a Positive outlook, signaling that surging artificial intelligence demand continues to strengthen the chipmaker’s balance sheet despite expanding exposure to off-balance-sheet financing arrangements. The agency indicated that strong cash generation and operating momentum should keep core EBITDA leverage below its 1.5x upgrade threshold, even as complex customer

By Lisa Baertlein

LOS ANGELES, Oct 27 (Reuters) - UPS CEO Carol Tome told Reuters on Tuesday the AI data center boom is a decades-long opportunity for the world’s largest parcel delivery and logistics company, which aims to boost profits by handling fewer, but more premium, shipments.

Global data center spending is estimated to hit roughly $1 trillion ​in 2026 and more than double before the end of the decade as tech giants like Alphabet, Microsoft, Meta and Amazon invest billions of dollars i

Investing.com -- Rosenblatt Securities has named AMD as its top semiconductor pick heading into earnings season, citing strengthening data-center fundamentals and broadening demand despite recent share price declines across the sector.

The semiconductor group with significant data-center revenue exposure has seen share prices decline approximately 25% on average over the past month, according to Rosenblatt Securities. However, the firm notes that data-center fundamentals continue to strengthen,

Investing.com -- In a note on Tuesday, Evercore ISI highlighted three reasons why optical stocks are rallying, with Lumentum (NASDAQ: LITE) and Ciena (NYSE: CIEN), Coherent (NYSE: COHR) and Nokia (NYSE: NOK) all gaining on Monday.

Analyst Amit Daryanani pointed first to expectations that the FCC will limit imports of foreign-produced optical transceivers by the end of the first quarter of 2027. The move would effectively remove Chinese suppliers from the U.S. market for next-generation 3.2T tra

Investing.com - Baird reviewed its coverage list following the S-1 filing by Anthropic (NASDAQ:ANT), which disclosed over $200 billion in NVIDIA-based compute commitments and significant spending agreements with multiple cloud providers and chip manufacturers.

Anthropic reported that 2Q26 revenue increased 1,368% year-over-year while compute and infrastructure costs grew 300% year-over-year. The company’s compute efficiency, measured by revenue per dollar of compute, increased to 5.2x from the

By Jamie McGeever

ORLANDO, Florida, Oct 26 (Reuters) - Stocks mostly rose on Monday, lifted by renewed optimism around AI as Anthropic filed for a US IPO and as investors awaited more ’Big Tech’ earnings later this week. Weaker oil prices also support risk appetite.

The big exception, however, was Brazil, where financial assets plunged following left-wing incumbent Luiz Inacio Lula da Silva’s shock win in Sunday’s presidential election.

In my column today, I look at whether ’stagflation’ pres

Merck (MRK) announced results from its pivotal Phase 3 TroFuse-005 trial showing that sacituzumab tirumotecan (sac-TMT), an investigational TROP2-directed antibody-drug conjugate (ADC) developed with Kelun-Biotech, reduced the risk of death by 32% and the risk of disease progression or death by 41% compared to chemotherapy in patients with advanced or recurrent endometrial cancer who had previously received platinum-based chemotherapy and anti-PD-1/L1 immunotherapy.

At a pre-specified interim a

Merck (MRK) announced results from the Phase 3 KEYNOTE-C93 trial showing that pembrolizumab, sold as Keytruda, as a monotherapy reduced the risk of disease progression or death by 43% compared to platinum doublet chemotherapy in patients with mismatch repair deficient (dMMR) advanced or recurrent endometrial cancer who had not previously received systemic chemotherapy or who experienced recurrence after prior adjuvant therapy.

After a median follow-up of 36.7 months, median progression-free sur

SpaceX has entered into a binding commitment for a $40 billion master finance lease agreement with an entity managed by Apollo Global Management, Inc. The lease will provide NVIDIA Vera Rubin chips for the company’s terrestrial compute infrastructure.

The transaction represents the largest committed GPU financing to date. Apollo and Goldman Sachs led the financing, with Goldman Sachs serving as sole structuring agent. Funds managed by BlackRock, Goldman Sachs Asset Management, and capital accou

DALLAS - Forum Markets, Incorporated (NASDAQ:FRMM) announced today that its joint venture Forum Edge AI LLC has entered into a definitive agreement with Fireworks for a 36-month reservation of Nvidia B300 GPU capacity at its Dallas data center facility.

The agreement carries a total contract value of approximately $94.4 million, covering GPU capacity and associated CPU management node fees payable over the 36-month term, according to a press release statement. Fireworks has provided a substanti

Apollo (APO) has agreed to take a minority equity stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi’s Mubadala Investment Company, with the transaction expected to close in the fourth quarter of 2026, subject to regulatory and legal approvals.

As part of the deal, Apollo and additional unnamed strategic investors will collectively commit an aggregate of $5 billion to Mubadala Capital’s investment strategies at initial close. The founders of Silver Rock Financial will

Oct 26 (Reuters) - AI-linked stocks rose on Monday after Anthropic revealed the paperwork for its initial public offering, against the backdrop of growing investor unease over debt-fueled spending on infrastructure for the new technology.

Shares of Nvidia, the world’s most valuable company, added nearly 3%. Microsoft and Amazon gained nearly 1% each.

A successful flotation by a pure-play AI giant such as Anthropic could reshape how markets value parts of the booming industry, including chipmak

Investing.com -- Yardeni Research believes upcoming market scares could offer attractive buying opportunities, though it remains cautious because of valuation concerns rather than economic growth or corporate earnings.

On Sept. 15, Yardeni pushed its 8,400 S&P 500 target out to mid-2027 and set a new year-end target of 7,900. It also lowered its year-end forward P/E forecast to 18.6 from 19.8, while keeping its 2027 earnings forecast of $425 per share.

“Since we continue to see strong fundamen

Investing.com -- Bernstein analysts said their analysis shows concerns about crowded AI positioning in hardware and chip stocks "have merit," even after the trade has partially unwound.

Analysts led by Daniel Zhu found communications equipment, semiconductors, and computers and peripherals are all relatively crowded subsectors. That stands in contrast to longer-term history, in which networking and hardware "have often screened as out-of-favor sectors," the analysts said.

Communications equipm

Investing.com -- Microsoft is offering buyouts to about 60,000 employees as the software giant seeks to cut costs and reshape its workforce, Bloomberg News reported Monday.

Employees at the vice president level and below on select teams in the US, Canada, India and the UK are eligible, though some data center, sales and marketing staff are excluded. The package includes benefits similar to a standard severance offer, according to a company spokesperson.

Microsoft had 223,000 employees at the e

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