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Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896
Market Summary

Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896

REDDIT.COM

We are making history bois! "Wall Street's midterm celebration lasted one day. Chip stocks are getting taken to the woodshed Thursday, and the Dow Jones Industrial Average (^DJI) is heading for its worst second session after a midterm election in data going back to its start in 1896. It took the Nasdaq Composite (^IXIC) six minutes to erase its entire post-election rally. Then the selling got worse. The tech-heavy index is down more than 5% in late-morning trading, and the S&P 500 (^GSPC) is off more than 3%. Both are on pace for their worst day since the April 2025 tariff crash. Investors bought stocks Wednesday after Democrats won control of both chambers of Congress, helped by falling

Quality names on sale
Analyst & Opinion

Quality names on sale

REDDIT.COM

after the recent sell of, I’ve been finding lots of quality names on sale, here are a few AVGO - semiconductor revenue expected to double in 2027 and 2028 and trading at 10x 2030 expected EPS. seniconductor and ai networking chips are growing at 100%+ and software business is sticky and high margin MELI- Latin America e commerce and fintech giant. trading at 1.75x 2026 sales while growing topeliline 45%. e commerce GMV accerlwrated and Mercado ads gaining signifciant market share. credit portfolio is growing at 60% and NPL are at historic lows. margin compression is due to credit expansion and heavy reinvestment over short term margin gains S - trading at 6x fy2027 expected sales while competitors trading at 25x+ p/s. ARR is growing at a strong 23% and AI security ARR nearly tripled year over year. big customers like Apple and nvidia and recently expanded parternships with nvidia, Amazon, google, and cloudflare. Full platform covering endpoint cloud and ai security. Cybersecurity indus

Canada authorizes Moderna’s flu and combo flu-COVID vaccines
Company News

Canada authorizes Moderna’s flu and combo flu-COVID vaccines

INVESTING.COM

CAMBRIDGE, Mass. - Moderna Inc. (NASDAQ:MRNA) announced today that Health Canada has authorized two mRNA vaccines for adults 50 years and older: mFLUSIVA, a seasonal influenza vaccine, and mCOFLU, a combination influenza and COVID-19 vaccine.

Canada becomes the first country to authorize both vaccines, according to a company press release statement. mFLUSIVA represents Canada’s first mRNA-based seasonal influenza vaccine, while mCOFLU is the country’s first combination influenza and COVID-19 vaccine.

The U.S. Food and Drug Administration approved mFLUSIVA in August 2026, and the European Commission authorized Moderna’s combination vaccine, marketed as mCOMBRIAX, in April 2026. Both vaccines remain under regulatory review in additional markets.

Health Canada’s authorization of mFLUSIVA is based on a Phase 3 trial involving approximately 40,800 adults 50 years and older across 11 countries. The study demonstrated relative vaccine efficacy of 26.6% in adults 50 years and older and 27.4

Build-A-Bear: A Simple Business the Market Misunderstands
Analyst & Opinion

Build-A-Bear: A Simple Business the Market Misunderstands

REDDIT.COM

At $31.54, the November 4 close, BBW trades at roughly 8.6x forward earnings, yields 2.9%, and is 56% below its 52-week high. It has no financial debt, though it carries store lease obligations. My base-case value is $47 per share, or 49% upside. Q2 was poor: revenue fell 7%, pretax income fell 24%, and management cut guidance. But I think the market fundamentally misunderstands where the business is going. 1. The growth driver is asset-light expansion and licensing. The market still values BBW as a traditional mall retailer. Company-operated stores remain its largest business, but future growth increasingly comes from putting the brand inside other companies’ locations. BBW has 177 partner-operated locations and 118 franchise locations, alongside 379 company-operated stores. Partners include cruise lines, resorts, theme parks, and other destinations. They fund the locations, labor, and much of the inventory, while BBW earns merchandise revenue and franchise

Tesla to wind down Cybertruck production at Texas factory as it struggles to win appeal
Company News

Tesla to wind down Cybertruck production at Texas factory as it struggles to win appeal

INVESTING.COM

By Ananya Palyekar and Akanksha Khushi

Nov 6 (Reuters) - Tesla plans to wind down Cybertruck production at its Texas gigafactory around the middle of next year, CEO Elon Musk said on Friday, as the futuristic model once touted as a rival to legacy pickup trucks struggles to win mass-market appeal.

Musk said in an X post the production wind-down would enable the automaker to accommodate increased output of its newly launched Cybercab model, which the billionaire has made central to Tesla’s robotaxi ambitions.

While it was not immediately clear whether Cybertruck production would be moved to another facility or phased out entirely, the automaker’s Austin plant is the only known Tesla facility equipped to manufacture the model’s specialized components.

Tesla did not immediately respond to a Reuters request for comment sent outside regular business hours.

"Cybertruck fleet will be around for a long time," Musk said in response to a user on X, calling the model the "best vehicle Tesla

What 3.4% GDP Growth and a 4.2% Jobless Rate Say About a Hard Day on Wall Street
Market Summary

What 3.4% GDP Growth and a 4.2% Jobless Rate Say About a Hard Day on Wall Street

FINANCE.YAHOO.COM

WASHINGTON, Nov. 5, 2026 /PRNewswire/ -- American News Group News Commentary - U.S. stocks were sharply lower on Thursday morning. As of 11:02 a.m. ET, the S&P 500 was down 3.39% at 7,427.97, the Nasdaq Composite was down 5.08% at 24,430.26 and the Dow Jones Industrial Average was down 2.37% at 52,093.82, each measured against Wednesday's close. It is one session. The most recent official readings on output and jobs, along with the latest quarterly reports from large companies in payments, restaurants, medical technology, aerospace and rail, describe an economy that was still growing in the third quarter and companies that reported growth in sales, transactions, orders or volume. Active Companies from around the markets with current developments this week include: Visa Inc. (NYSE: V), McDonald's Corporation (NYSE: MCD), Stryker Corporation (NYSE: SYK), General Electric Company (NYSE: GE), Union Pacific Corporation (NYSE: UNP).

Key Takeaways

One morning, measured against the year: As

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Tesla (TSLA) plans to wind down Cybertruck production at its Texas gigafactory by mid-2027, according to CEO Elon Musk . This strategic shift aims to accommodate increased output for the new Cybercab model, central to Tesla’s robotaxi ambitions . The Cybertruck has struggled with mass-market appeal, regulatory hurdles in Europe, and quality control issues . Deliveries for "Other Models" (including Cybertruck) declined to 8,295 in Q3 from 12,364 in Q2 . While the future of Cybertruck production at other facilities is unclear, this signals a significant strategic pivot for Tesla.

Tesla to wind down Cybertruck production at Texas factory as it struggles to win appeal

Tesla to wind down Cybertruck production at Texas factory as it struggles to win appeal

INVESTING.COMNov 6, 9:49 AM UTC
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Major market indices plunged Thursday as investor concerns over a potential slowdown in AI buildout intensified.

  • Nasdaq Composite fell >5%, entering correction territory.
  • S&P 500 dropped >4%, Dow Jones >3%.
  • The 'Magnificent 7' tech giants collectively lost $1 trillion in market value.

This marks a significant reversal, erasing recent gains and signaling a shift in AI sector sentiment .

Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday’s tech stock plunge

Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday’s tech stock plunge

CNBC.COMNov 5, 10:30 PM UTC
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Truist has downgraded Nike (NKE) to a 'Sell' rating, maintaining a $29 price target. The firm argues that Nike's recent 19% rally over the past month is due to sector rotation, not improved fundamentals .

Key concerns include:

  • Valuation: NKE trades at 27x earnings (2 years out), nearly double its peer average .
  • Sportswear Headwinds: Problems in classic franchises (Air Jordan 1, Air Force 1, Dunks) have spread across Sportswear and Jordan brands, which comprise over 60% of Nike's business .
  • China Outlook: New CFO Dave Denton sharply cut the outlook for the region, with no clear catalyst for reaccelerating demand .
  • EPS Cut: Truist cut its FY28 EPS estimate to $1.30, below the Street's $1.50 .

This downgrade signals potential downside risk for the sportswear giant.

Truist downgrades Nike to Sell, says rally ignores ongoing risks

Truist downgrades Nike to Sell, says rally ignores ongoing risks

STREETINSIDER.COMNov 5, 4:19 PM UTC
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Morgan Stanley downgraded Cisco Systems (CSCO) to Equal-Weight from Overweight, cutting its price target to $120 from $135. The firm cited CSCO's 43% gain over 12 months, pushing valuation to 19x forward earnings, and flagged gross margin headwinds from AI business and potential pull-forward demand .

Separately, Truist downgraded Nike (NKE) to Sell, maintaining a $29 price target. Truist argues NKE's recent 19% rally doesn't reflect fundamental improvement, noting its valuation at 27x earnings (almost double peers) and ongoing headwinds in Sportswear and China .

Why is Cisco Systems stock falling today?

Why is Cisco Systems stock falling today?

INVESTING.COMNov 5, 2:24 PM UTC
Truist downgrades Nike to Sell, says rally ignores ongoing risks

Truist downgrades Nike to Sell, says rally ignores ongoing risks

STREETINSIDER.COMNov 5, 4:19 PM UTC
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Cisco Systems (CSCO) shares are down 3.0% pre-market after Morgan Stanley downgraded the networking giant to Equal-Weight from Overweight, cutting its price target to $120 from $135 .

Key points from the downgrade:

  • Valuation: Stock's 43% gain over 12 months has pushed its valuation to 19x forward earnings, aligning with the S&P 500 and limiting re-rating potential .
  • AI Impact: Strong expectations and gross margin headwinds from AI business leave less room for upside, with much AI-driven expansion already priced in .
  • Demand & Margins: Concerns over pull-forward demand ahead of price increases and a rising mix of lower-margin hardware to hyperscalers could pressure future results and gross margins .
  • Insider Selling: Recent insider selling of ~$6M reinforces limited near-term conviction .
Why is Cisco Systems stock falling today?

Why is Cisco Systems stock falling today?

INVESTING.COMNov 5, 2:24 PM UTC
1

New AI chip startup Tenspresso, founded by ex-Google engineers, is reportedly in talks to raise at least $50 million at a $500 million valuation . This comes just weeks after securing $20 million from Striker Venture Partners.

Key points:

  • Developing specialized chips for complex AI work, focusing on long context windows.
  • Aims to complete its first product design by late 2027/early 2028.
  • Seeking manufacturing partners outside traditional silicon supply chains to avoid backlogs.

This signals ongoing strong investor appetite and innovation in the AI hardware sector, particularly for specialized chip solutions.

Chip startup Tenspresso eyes $500M valuation - Bloomberg

Chip startup Tenspresso eyes $500M valuation - Bloomberg

INVESTING.COMNov 4, 10:41 PM UTC
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The US midterm elections are creating significant market shifts, particularly in Texas. A Democratic victory in the Texas gubernatorial race, with Governor Hinojosa campaigning on tighter data-center development restrictions, has led to:

  • Vistra (VST) plunging 13.5% and receiving a KeyBanc downgrade to Sector Weight due to high exposure to Texas's electricity market and AI data center demand .
  • Tesla (TSLA) and SpaceX (SPCX) sliding over 3% as investors anticipate intensified scrutiny of Elon Musk's businesses, given his Republican donations and the shift in congressional power .

This highlights growing policy uncertainty for companies reliant on specific state-level regulatory environments, especially in the rapidly expanding AI infrastructure sector.

Vistra plunges 13.5% as Texas election rattles AI power trade, KeyBanc downgrades

Vistra plunges 13.5% as Texas election rattles AI power trade, KeyBanc downgrades

STREETINSIDER.COMNov 4, 5:49 PM UTC
Why Shares of Elon Musk’s Tesla, SpaceX Are Sliding After the Midterm Elections

Why Shares of Elon Musk’s Tesla, SpaceX Are Sliding After the Midterm Elections

INVESTOPEDIA.COMNov 4, 5:07 PM UTC
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The AI data center sector is seeing divergent fortunes. TeraWulf (WULF) surged after securing Google credit support for a $19B project with Anthropic in Kentucky, signaling strong demand and project financing confidence outside Texas . This comes as Cipher Mining (CIFR) plunged 17% following Texas election results, with Cantor Fitzgerald warning that new Governor Gina Hinojosa's proposed moratorium on data center construction could delay Cipher's growth catalysts and shift investment away from the state . The Texas policy shift highlights increasing regulatory risk for AI infrastructure development, benefiting companies with diversified geographic footprints.

TeraWulf secures Google credit support for $19B project

TeraWulf secures Google credit support for $19B project

INVESTING.COMNov 4, 1:20 PM UTC
Cipher Mining sinks 17% as Texas election puts AI data-center expansion at risk

Cipher Mining sinks 17% as Texas election puts AI data-center expansion at risk

STREETINSIDER.COMNov 4, 1:49 PM UTC
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The Democratic sweep in the US midterm elections is driving significant sector rotation. Healthcare insurers and hospital operators like Centene (+4.6%), Molina Healthcare (+6.6%), and HCA Healthcare (+6.5%) are rallying on expectations of policy relief, including potential delays to Medicaid cuts and restored ACA subsidies .

Conversely, defense stocks with high US exposure, such as BAE Systems and Chemring (-2.5%), are sliding due to anticipated increased scrutiny on defense budgets . The victory of Gina Hinojosa in the Texas gubernatorial race, who campaigned on a data center moratorium, is also impacting AI-linked stocks. Cipher Mining plunged 17% as its Texas expansion plans face delays, with Cantor Fitzgerald warning of a shift in investment to other states .

Policy relief sparks surge in health insurance and hospital stocks

Policy relief sparks surge in health insurance and hospital stocks

STREETINSIDER.COMNov 4, 1:50 PM UTC
Stock futures rise as Democrats win big in midterms, traders bet they will slow data center buildout: Live updates

Stock futures rise as Democrats win big in midterms, traders bet they will slow data center buildout: Live updates

CNBC.COMNov 4, 9:31 AM UTC
TD Cowen sees healthcare headline risk as Democrats control Congress

TD Cowen sees healthcare headline risk as Democrats control Congress

STREETINSIDER.COMNov 4, 10:27 AM UTC
European shares jump to 2-month highs following U.S. midterms; Novo surges

European shares jump to 2-month highs following U.S. midterms; Novo surges

INVESTING.COMNov 4, 11:09 AM UTC
Why is Chemring stock sliding today?

Why is Chemring stock sliding today?

INVESTING.COMNov 4, 10:46 AM UTC
Cipher Mining sinks 17% as Texas election puts AI data-center expansion at risk

Cipher Mining sinks 17% as Texas election puts AI data-center expansion at risk

STREETINSIDER.COMNov 4, 1:49 PM UTC
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Democrats securing control of both chambers of the U.S. Congress in the midterm elections is triggering significant market shifts .

  • Market Reaction: European shares jumped, and U.S. stock futures turned positive after initial declines . Treasury yields fell as investors sought safety .
  • Sector Winners: Renewables stocks rallied sharply, and U.S. health insurers and hospital operators advanced .
  • Sector Losers: European defense stocks with U.S. exposure, like Chemring (-2.5%), fell on prospects of heightened scrutiny over defense budgets . AI-related shares and data center buildout stocks are under pressure due to fears of increased regulation and slowdowns . Tesla and SpaceX also saw declines .
European shares jump to 2-month highs following U.S. midterms; Novo surges

European shares jump to 2-month highs following U.S. midterms; Novo surges

INVESTING.COMNov 4, 11:09 AM UTC
Asia stocks trim declines as U.S. election uncertainty eases

Asia stocks trim declines as U.S. election uncertainty eases

INVESTING.COMNov 4, 7:41 AM UTC
Stock futures rise as Democrats win big in midterms, traders bet they will slow data center buildout: Live updates

Stock futures rise as Democrats win big in midterms, traders bet they will slow data center buildout: Live updates

CNBC.COMNov 4, 9:31 AM UTC
Treasury yields fall as investors crowd into bonds for safety amid election stock sell-off

Treasury yields fall as investors crowd into bonds for safety amid election stock sell-off

CNBC.COMNov 4, 7:27 AM UTC
Why is Chemring stock sliding today?

Why is Chemring stock sliding today?

INVESTING.COMNov 4, 10:46 AM UTC
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