Research 15.10.2026Invesco QQQ Trust Series IBATS:QQQhi2morrow_team🌏 Markets: SPY -2.20 -0.29%(pre/m) QQQ -8.67 -1.19%(pre/m) 🆕 Economic News: Nasdaq futures fall as the AI rout deepens on debt and rate concerns; Dow futures edge higher 08:30 USA – PPI (Sep) 08:30 USA – Retail Sales (Sep) 08:30 USA – Initial Jobless Claims 08:30 USA – NY Empire State Manufacturing Index 08:30 USA – Philadelphia Fed Manufacturing Index 10:00 USA – Business Inventories 12:00 USA – EIA Crude Oil Inventories 16:30 USA – Fed Hammack Speech 23:30 USA – Fed Chair Warsh Speech 📈 Gap Ups Reaction to earnings/guidance: ERIC, KMB Other news: PAG agreed to be taken private by Penske Corporation and Mitsui for $212 per share in cash, an enterprise value of ~$16.3bn and an 8.84% premium to Wednesday's close Deutsche Bank upgraded WMT to buy from hold, raised price target to $136 from $113 AAPL higher after Tim Cook said Apple Intelligence has been approved in China, with a test version expected later this month Jefferies initiated NFLX at buy IBRX extends gains after the FDA expanded the ANKTIVA approval to papillary-only BCG-unresponsive bladder cancer, nearly three months ahead of its target date Gold miners higher as gold gains 1.7% to ~$4,180 and Treasury yields fall: AU, SBSW, HMY, GFI, OGG Healthcare, staples and tobacco names higher amid the tech selloff: AZN, BTI, PM, MO, LLY, MRK, NVO, PG, PEP 📉 Gap Downs Reaction to earnings/guidance: TSM Other news: RKLB slides after pushing the debut of its Neutron rocket to 2027, citing a manufacturing issue in a first-stage tank component AI rout deepens: CRWV credit default swaps soared above 1,000bp and its 2032 bonds yield more than 15% (Reuters); AI cloud names lower: NBIS, IREN, CBRS, TEM Memory stocks extend losses as Samsung and SK Hynix drop more than 9% in Seoul: SKHY, WDC, STX, SNDK, MU Chip and optical names lower amid the AI selloff: ASX, SMTC, CRDO, LITE, COHR, ALAB, CIEN, MRVL, STM, INTC, ARM, AMD, GLW AI power and infrastructure names fall as the CoreWeave bond scare spreads: VRT, BE, GEV, DELL, HPE Tanker stocks lower as the US weighs easing sanctions on "shadow fleet" tankers to cut record freight rates: FRO Crypto-linked names lower as Ethereum drops 5% this week: BMNR, CRCL ‼️ Additional TSMC Q3 net income rose 68.7% y/y to NT$763.06bn vs NT$740.8bn expected; Q4 revenue guidance $52.3–54.3bn, gross margin 65–67% The Nasdaq Composite posted its biggest one-day drop since July 23 on Wednesday; CoreWeave CEO said in a memo that markets can "misunderstand and act irrationally" (Reuters) Kospi fell more than 7% overnight; Elon Musk: "China will be making a LOT of RAM in 2028" 10-year Treasury yield falls ~7bp to ~5.08%, a three-week low, as investors seek safety; traders price a ~27% chance of a Fed hike this month Brent slips 1.4% to ~$104.6 as the US weighs tanker sanctions relief Barclays sees a possible Tesla-SpaceX merger announcement before Tesla's annual meeting in early December: TSLA, SPCX 🏢 IPO IAM – Iambic Therapeutics Price: $16.00 Shares: 9.375M Raised: ~$150.0M Market Cap: ~$758.4M LTM Revenue: ~$18.3M LTM Net Income: ~-$94.2M Key point: priced at the midpoint of the $15–17 range; AI-driven drug developer backed by Nvidia, lead asset IAM1363 is an oral brain-penetrant HER2 inhibitor in Phase 1/1b Comparable companies: RXRX, SDGR, ABSI Best regards – hi2morrow team.