Crypto Pulse—Stocks

The AI supply chain landed in four layers on November 2, with four of seven items carrying a figure for a combined $142.32B, the largest single day since this series began. Marvell (Ticker: MRVL) and Lumentum (Ticker: LITE) signed a $115.0B all-stock combination in which no cash moves at all. On the same day Oracle and Alphabet each went to the capital markets, while Anthropic's amended S-1 finally filled in its total compute commitment. AI Supply Chain in Six Layers Today's AI BriefsLayer 1 Mod

1. Today's Market: The Nasdaq Fell 2.86%, Its Largest One-Day Drop Since JuneUnit: single-day change on October 30; all three readings are negative, so the zero line sits at the right edge and every bar runs left on one shared scale. The Nasdaq reads −2.86%, the S&P 500 −1.82% and the Dow −1.09%. All three indexes fell together for a second straight day, the Nasdaq closing at 25,437, the S&P 500 at 7,580 and the Dow at 51,770; the Nasdaq's drop was its largest single-day decline since June and l

The AI supply chain produced only five items across October 30 and the weekend, they land in just four layers, and not one of them carries a closing price. Exelon (Ticker: EXC) lists high-probability data center load at about 11 GW, with roughly 45% of it behind FERC-approved transmission security agreements backed by about $1.2 billion in customer collateral. Among the other four, Kioxia booked more revenue in one quarter than in its whole prior fiscal year, while OpenAI cut about $10 billion f

1. Today's Market: All Three Indexes Fell, and the Nasdaq Fell FurthestUnit: %, single-day change on October 29; all three readings are negative, so the zero line sits at the right edge and every bar runs left on one shared scale. The Nasdaq reads −1.38%, the S&P 500 −0.31% and the Dow −0.25%. All three indexes fell together, the Nasdaq closing at 26,184.72, the S&P 500 at 7,720.39 and the Dow at 52,342.56, with the Nasdaq losing 1.13 percentage points more than the Dow and the losses concentrat

The AI supply chain produced six items on October 29, landing in three layers. Only one reached a close, and that one disclosed no figure. The money that actually moved sits on the earnings side: Amazon (Ticker: AMZN) spent $77.26B on property and equipment in a single quarter, 1.2 times more than a year earlier, while SanDisk (Ticker: SNDK) booked $4.80B of data center revenue, up 61% sequentially. Countable deal value this issue is $0, and that zero is the thing worth remembering today. The Si

1. Today's Market: The Fed Held Rates With Two Dissents for a Hike, and All Three Indexes Edged Higher Unit: %, single-day change on October 28; all three readings are positive, so the zero line sits at the left edge and every bar runs right on one shared scale. The S&P 500 reads +0.28%, the Nasdaq +0.27% and the Dow +0.19%. The Fed kept rates at 3.75%–4.00% on a 10 to 2 vote, and both dissents wanted a hike; the 10-year Treasury yield rose to about 5.04%. The three indexes still edg

The AI supply chain filled all six layers on October 28, and only one of the eight items carried a third-party price. Seoul-based FuriosaAI closed a $620 million Series D at a $2.9 billion post-money valuation, while on the same day Microsoft (Ticker: MSFT) and Alphabet (Ticker: GOOGL) together put $90.77 billion into their own capital spending for the quarter. Read side by side, those two figures describe the day: the money barely passed through a deal market and turned straight into data cente

1. Today's Market: The Money Went to AI and Chips While the Dow Barely MovedUnit: %, single-day change on October 27; all three readings are positive, so the zero line sits at the left edge and every bar runs right on one shared scale. The Nasdaq reads +1.18%, the S&P 500 +0.60% and the Dow +0.03%. The three indexes rose together and still finished 1.15 percentage points apart, and that spread is the day's conclusion: what rose was not the market but the part of it carrying the most

The AI supply chain on October 27 landed in five of the six layers, with seven of eight items completed yet only three carrying a price. Vertiv (Ticker: VRT) closed its purchase of microgrid maker UtilityInnovation Group that day and paid $1.45B in cash, the only money that truly moved. The largest figure sat in Korea, where Naver signed a KRW 12 trillion compute infrastructure contract worth about $9B with Brookfield, though that is an eight-year usage fee spread to 2034. AI Supply Chain in Six

The Federal Reserve is expected to hold its benchmark rate at 3.75%–4.00% on Wednesday, October 28, 2026, with the decision due at 2:00 p.m. ET (2:00 a.m. Beijing time on October 29).Fed Chair Kevin Warsh holds his press conference at 2:30 p.m. ET.CME FedWatch put the probability of no change at about 93% at Tuesday's close, while pricing a roughly 75% chance of a 25-basis-point hike at the December 8–9 meeting.For QQQ and SPY, the bigger risk is not a December hike, which is mostly priced in, b