Tech stocks surged for a third day, led by semiconductors after the Philadelphia Semiconductor Index tested its 200-day moving average. The rally is driven by enthusiasm around AI-related capital spending, though consumer spending remains the main economic driver. Upcoming earnings from Alphabet, Microsoft, and Amazon will be key to assessing the sustainability of this tech rebound amid concerns about the AI investment cycle. Investors are advised to expect a shift from AI infrastructure to application beneficiaries and maintain diversified portfolios.
Alphabet shares are up 0.80% at USD 323.14 on Pluang, while Microsoft and Amazon show slight declines of 0.20% and 0.08% respectively. Despite the tech rally, Microsoft’s market cap remains the highest at $3.95 trillion. These figures are as of Oct 28, 2026 20:21 WIB.
The Legacy Lab by Team One released its 2026 Legacy Makers 100 list, identifying brands consumers trust to have their best interests at heart and remain relevant long-term. St. Jude Children's Research Hospital topped the list for the second year. Th...
Jeff Bezos recommends retirees invest in the S&P 500 rather than individual AI stocks, citing the difficulty in picking winners and the risk of market bubbles. However, the S&P 500 is heavily weighted toward about 10 tech giants, including Amazon, Nv...
OpenAI, a major buyer of Nvidia AI chips, reportedly plans to purchase Google's custom AI chips (TPUs), signaling a shift in the AI hardware market. This move could reduce Nvidia's pricing power by introducing a credible alternative supplier, while b...
Jio Platforms' shares surged 21.4% on their trading debut following India's largest-ever IPO, which raised $3.2 billion by offering 270 million shares at 1,119 rupees each. The IPO was oversubscribed over 22 times, driven by strong demand from instit...
Anthropic disclosed in its SEC filing that it had $112.4 billion in cash and $19.3 billion in short-term investments as of June 30, totaling $131.7 billion. This amount surpasses every non-bank U.S. company except Berkshire Hathaway and Alphabet, exc...
