Market
Close on October 31: The stock market experienced violent fluctuations, with the Nasdaq recording its worst single-day performance in six months. Intel tumbled 29%, and investors sold off tech stocks.
Macro
Company
Intel issued an additional 20 billion dollars in shares, resulting in investors incurring a floating loss of over 6 billion dollars, and the stock price fell by 30% compared to the issue price.
Chevron and ExxonMobil hit record highs, with refining profits soaring due to the war-driven surge in diesel prices.
Intel's stock price tumbled, resulting in a book loss of about $10 billion for U.S. government holdings, but the investment still has a three-fold unrealized profit.
Panic over the AI financing boom reaches new heights, with bond default protection costs for Intel, Amazon, and others soaring.
Amazon has established a $80 billion financing arrangement for suppliers to provide funds for investments in AI.
NVIDIA plans to provide backing support of $45 billion for cloud service providers' Anthropic projects.
Comment
Bitcoin price falls below $77,000 for the first time in a month; the Binance incident adds to the difficulties in the crypto community.
The NASDAQ 100 index may enter a technical pullback, dragged down by the rapid closing of AI trades.
