G.L.A INVE$T RE$EARCH
The Top 10 Things That Happened Today in the Stock Market
INFINITE INNOVATION | Wednesday, October 14, 2026
Today was a rough day for tech. Hot inflation data sent the Nasdaq down, and investors started asking hard questions about how the AI buildout gets paid for. Even so, the actual demand news underneath was strong. The selling hit the companies that borrowed the most, while the companies that make the chips and tools got stronger. Here’s what mattered.
1. Hot Inflation Hits the Nasdaq
The News: September CPI came in at 3.7% year over year, above the 3.6% economists expected, and core inflation was 2.6% against 2.5% expected. Futures markets now put the odds of an October rate hike near 45%, up from about 22%. The Nasdaq fell 1.88% to 26,692.87, its worst day since July 23, while the Dow slipped just 0.09% to 51,621.48. The S&P 500 lost 1.1% to 7,718.94.
G.L.A Take: This was a rate story, not a breakdown in innovation. When yields rise, long-duration growth stocks fall first, and that’s exactly what happened.
2. Neoclouds Get Crushed
The News: CoreWeave fell about 15–16% after a viral chart showed yields on its 2032 bonds touching 15%. Elon Musk replied “Yikes,” and Gartner predicted that more than 80% of neocloud providers will stop operating independently by 2030. Nebius fell 11%, and DigitalOcean, Hut 8, Cipher, TeraWulf and IREN each dropped more than 10%. CoreWeave’s CEO called the selling “irrational” in an internal memo. CoreWeave’s debt and lease obligations were about $52 billion at the end of June.
G.L.A Take: The market is separating AI winners that fund themselves from those that depend on borrowing. Balance sheets matter again, and we think that’s healthy.
3. ASML Can’t Build Machines Fast Enough
The News: ASML reported record Q3 sales of €11.7 billion, up 55% from a year ago. It raised its outlook for the third straight quarter and said planned supply won’t fully meet customer demand in 2027 or 2028. Some customers already want to book orders for 2029 and 2030. One report lists Musk’s TeraFab among the customers expanding capacity.
G.L.A Take: This was the most important data point of the day. Customers are planning AI chip capacity out to 2030, which doesn’t look like a boom running out of steam.
4. Chip Stocks Fall Anyway, and Nvidia Talks AI Safety
The News: Nvidia fell more than 3% and led semiconductors lower as rate-hike bets rose. Jensen Huang told Bloomberg he would stop selling chips to a customer building unsafe AI, though he called it a hypothetical and said current worries are overdone.
G.L.A Take: Strong fundamentals from ASML met a nervous market. When good news and falling prices show up together, long-term holders usually get a chance to buy.
5. Oracle Drops Almost 9%
The News: Oracle closed at $130.55, down 8.83%. That’s despite Mizuho keeping its Outperform rating and $320 price target, as investors weigh the cost of its $165 billion Project Jupiter AI data center.
G.L.A Take: Big AI spending paid for with borrowed money is now being priced as a risk. The key thing to watch is execution through 2027.
6. Barclays Downgrades Dell, HPE and NetApp
The News: Barclays cut all three to Equal Weight, saying “we don’t see a meaningful AI inflection yet” in enterprise spending. Dell fell 11% and was the S&P 500’s worst performer. HPE fell 8% and NetApp 7%.
G.L.A Take: Big businesses are mostly renting AI computing power rather than buying their own hardware, at least for now. That points toward cloud providers and chipmakers over server sellers.
7. GlobalFoundries Lands a $21 Billion Deal
The News: GlobalFoundries will build and run two new chip factories in Malta, New York, under a U.S.-Japan program worth up to $21 billion, and the U.S. will take a roughly 4% stake. The stock closed up 4.80% at $48.94.
G.L.A Take: This was one of the few green spots in tech today. Chip capacity built in the U.S. with outside money is a long-term win, and it barely touches the company’s balance sheet.
8. Berkshire Doubles Down on Bending Spoons
The News: Berkshire Hathaway is investing another $330 million in Bending Spoons at $33 a share, raising its stake to 4%. The shares jumped about 40%. Under CEO Greg Abel, technology is now Berkshire’s largest sector holding.
G.L.A Take: The most famous value investor in the world is putting more money into tech. That’s worth noticing.
9. Tesla Dips Before a Big Week
The News: Tesla closed at $367.15, down 2.15%. Coming up: the next-generation Roadster event returns Thursday, October 15, and earnings land October 21. Tesla and Pilot also opened their first heavy-duty Megacharger site, with 12 more under construction. Separately, Sunrun and Tesla home batteries sent a record 745 megawatts to California’s grid.
G.L.A Take: $TSLA and $SPCX are my two favorite risk vs reward long term investments period the END,
10. Bitcoin Slips and Crypto Miners Get Hit
The News: Bitcoin traded near $81,800, down about 1.7% on the day. Bitcoin miners that have moved into AI hosting fell hard: Cipher Digital was the most active name on the board, down about 12%, with IREN down about 12% too. Cipher also priced $850 million in zero-coupon notes.
G.L.A Take: After the midterms the clarity act (regulation) will pass and Bitcoin will break 100k, imho 800k by 2030 (Not investment advice)
The G.L.A Bottom Line
Today was about the cost of money, not the size of the opportunity. ASML says AI chip demand is running ahead of what it can supply through 2028. The companies that borrowed heavily got hit, and the companies making the tools got stronger. Stay patient, favor strong balance sheets, and keep a list of names you’d like to buy on weakness.
Next up: Tesla’s Roadster event (Thursday), Tesla earnings (October 21) and the Fed decision (October 28).
G.L.A INVE$T RE$EARCH The G.L.A Take sections are opinion, not investment advice. Do your own research.