MarketCatalystJFrog rose 8.6%, Marvell 8.0%, Sandisk 7.6% and Datadog 7.3% among large caps, while Resolution Minerals fell 6.6%, Telkom Indonesia hit its lowest level since March 2009 and Sea Limited dropped 4.9%.
Goldman Sachs upgraded CoreWeave to Buy, Morgan Stanley named Amazon a Top Pick with a $350 target, and Bernstein upgraded Datadog and lifted its target to $350. Plus eight upgrades, two initiations and the day's target changes.
Chip stocks rebounded after the Nasdaq's worst week since April 2025, Cleveland-Cliffs jumped about 10% to 13% on a Q3 earnings beat and Disc Medicine surged on Phase 3 results. Plus the week-ahead calendar & what to watch.
Morgan Stanley expects AI infrastructure spending to jump about 60% to $1.58 trillion in 2027, with Nvidia capturing roughly $690 billion of it. The bank says AI will drive most of the S&P 500's earnings growth, but roughly half of the spending is expected to be debt-financed, and leases are hiding part of the bill.
U.S. equities retreated across the board on Oct 16, led by a sharp tech sell‑off that pulled the S&P 500 and Nasdaq down over 1%, while energy stocks rallied on higher oil prices. The 10‑year Treasury
MDB fell as much as 9.9% to about $330 on Friday after filings showed directors Dwight Merriman and Archana Agrawal sold shares under pre-arranged plans. The sales are small, so the bigger overhang is the abrupt September CEO exit, even as MongoDB's business keeps growing about 30% a year.