INTC, AMD, MU, SNDK, SOXX: Chips, Memory Stocks Slip Premarket After Sharp October Rally

newsable.asianetnews.com Oct 6, 2026

INTC, AMD, MU, SNDK, SOXX: Chips, Memory Stocks Slip Premarket After Sharp October Rally

Curated by Shubham · TechCapsules · Oct 6, 2026

AI-summarised brief · reviewed before publication

Chip makers Intel, AMD, Micron, SanDisk and the iShares Semiconductor ETF slipped 0.1%‑0.7% in pre‑market trading on Tuesday after a sharp rally that began in early October. Nvidia was the only major semiconductor name to rise, gaining about 0.7% following a record high set on Monday. The broader rally has been fueled by strong AI‑driven demand, a record‑high Nasdaq, falling oil prices and hopes that softer jobs data will curb Federal Reserve rate hikes. Nokia’s CEO Justin Hotard warned that data‑center build‑out speeds could double if memory and power supply constraints are eased, underscoring persistent bottlenecks. Rosenblatt lifted Micron’s price target to $1,900, citing a “beat‑and‑raise” quarter and potential large‑scale share repurchases.

💡 Why It Matters

· The modest pullback tests whether AI‑fuelled enthusiasm can sustain chip valuations amid lingering supply bottlenecks.

Read full article on newsable.asianetnews.com

After Factory’s public spat with Khosla, Menlo proudly invests

Menlo Ventures announced a new investment in AI coding startup Factory, joining a $5 billion valuation round. The firm did not disclose the amount but emphasized the commitment was substantial, noting it would have invested more if cap space allowed. The move follows a public dispute in which Factory CEO Matan Grinberg fired investor Chris Degnan, who later joined competitor Cognition. Vinod Khosla criticized Factory, calling it a “struggling second‑tier competitor,” while Menlo’s endorsement signals confidence in Factory’s technology and leadership.

💡 Menlo’s backing counters Khosla’s public denigration, reinforcing Factory’s credibility amid a high‑profile investor clash.

247wallst.com · Oct 6

For Sensible Investors, The Worst Performing Mag 7 Should Be a No-Brainer

Tesla’s stock, the lowest‑valued member of the Magnificent 7, closed at $370.59 after a 4.65% rally on record Q2 vehicle deliveries of 480,126 units. Revenue rose 25.52% to $28.24 billion, surpassing estimates, while active Full‑Self‑Driving subscriptions grew 56% to 1.48 million. However, operating margin fell to 1.4%, operating income dropped 56.9%, and free cash flow turned negative at $1.092 billion amid a $25 billion capex outlook. The company’s cash reserve is $43.5 billion with a debt‑to‑equity ratio of 0.10. Analysts project a modest 6.7% upside to $395.57, with 4 strong‑buy ratings and 20 holds.

💡 Tesla’s heavy spending threatens its profitability, challenging the narrative that its growth will justify its valuation. The company’s ability to turn losses into sustainable earnings will determine its future standing among tech leaders.

finanznachrichten.de · Oct 5

Anaeco, Inc.: Anaeco Secures Strategic Investment from Momentum Global Ventures to Accelerate…

Anaeco, Inc., a clean‑technology firm that uses accelerated atmospheric chemistry to break down hard‑to‑abate gases, announced a strategic investment from Momentum Global Ventures. The funding will shift Anaeco from development and validation to commercial rollout in three initial markets: anesthetic gases in healthcare facilities, hydrofluorocarbon refrigerants in HVAC, and emissions from semiconductor manufacturing. The company’s modular units destroy pollutants such as HFCs, PFAS, nitrous oxide and anesthetic gases at their source, offering a scalable alternative to conventional capture methods. Anaeco has already demonstrated the technology in the United States and Europe, including a pilot at a Danish hospital and a partnership with the City of Copenhagen. The investment aims to expand U.S. and European operations globally in the near term.

💡 Scaling source‑based destruction could slash emissions that current filters struggle to capture.

newsable.asianetnews.com · Oct 5

Cerebras Stock Gets A Boost After OpenAI CEO Sam Altman Calls Chipmaker…

Cerebras Systems shares surged nearly 7% after OpenAI CEO Sam Altman publicly affirmed the company as a “close partner,” countering rumors that OpenAI would favor Nvidia GPUs for its GPT‑6.1 Ultrafast mode. Altman’s statement eased investor anxiety following a 20% decline and a 10% drop from the IPO price, compounded by the expiration of insider lock‑ups that added selling pressure. The chipmaker’s partnership with OpenAI remains central, with a multiyear agreement to deploy 750 MW of wafer‑scale systems and a recent Q2 revenue jump of 74% to $180.1 million.

💡 Altman’s endorsement signals confidence in Cerebras’ high‑speed inference technology, potentially stabilizing its valuation amid competitive pressures. The comment may also influence future AI infrastructure contracts, reinforcing Cerebras’ position in the rapidly evolving chip market.

kalkinemedia.com · Oct 5

Does Anthropic’s IPO Plan Matter for Appen (ASX:APX)?

Anthropic, a leading developer of large‑language‑model AI, is preparing a blockbuster initial public offering slated for mid‑November, with a pre‑marketing briefing scheduled for mid‑October. Market participants estimate a valuation that would rank the listing among the most valuable ever for a debut. The news has drawn attention to the massive capital inflows fueling AI model development and, by extension, the data‑services sector. Australian data‑annotation firm Appen Ltd (ASX:APX), which supplies training data, labeling, and model‑evaluation services to AI developers, is directly tied to the health of the model‑building market. Appen’s revenue remains heavily concentrated among a few large customers, a risk factor that could be amplified by shifts in AI spending patterns linked to Anthropic’s IPO.

💡 Anthropic’s high‑profile float could reshape funding dynamics for AI model builders, directly influencing demand for Appen’s specialized data services.

businessworld.in · Oct 5

India Prepares New Investment Treaty Template, Cabinet Nod Soon: FM

Finance Minister Nirmala Sitharaman announced that India has finalized a new bilateral investment treaty (BIT) template, expected to receive Cabinet approval soon. The draft, developed over 18 months, aims to make agreements more investor‑friendly and address shortcomings of the 2016 model, notably the five‑year domestic‑remedy requirement. India has already signed enhanced BITs with Saudi Arabia, the UAE, Oman, and several Central Asian states, and is negotiating with Canada, Russia, and others. The government anticipates concluding at least three additional agreements by December, strengthening protection for investors in both directions.

💡 The revised template signals India’s intent to secure stronger safeguards for its investors abroad while attracting foreign capital, reshaping the country’s trade‑investment landscape.